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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
FARAH IMPEX LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.10.1993 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
importer and wholesaler
of groceries and beverages. |
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No of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC OVERVIEW
As a high-tech industrial society in the
trillion-dollar class, Canada resembles the US in its market-oriented economic
system, pattern of production, and high living standards. Since World War II,
the impressive growth of the manufacturing, mining, and service sectors has
transformed the nation from a largely rural economy into one primarily
industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the
1994 North American Free Trade Agreement (NAFTA) (which includes Mexico)
touched off a dramatic increase in trade and economic integration with the US,
its principal trading partner. Canada enjoys a substantial trade surplus with
the US, which absorbs about three-fourths of Canadian merchandise exports each
year. Canada is the US's largest foreign supplier of energy, including oil,
gas, uranium, and electric power. Given its abundant natural resources, highly
skilled labor force, and modern capital plant, Canada enjoyed solid economic
growth from 1993 through 2007. Buffeted by the global economic crisis, the
economy dropped into a sharp recession in the final months of 2008, and Ottawa
posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's
major banks, however, emerged from the financial crisis of 2008-09 among the
strongest in the world, owing to the financial sector's tradition of
conservative lending practices and strong capitalization. Canada achieved marginal
growth in 2010-13 and plans to balance the budget by 2015. In addition, the
country's petroleum sector is rapidly expanding, because Alberta's oil sands
significantly boosted Canada's proven oil reserves. Canada now ranks third in
the world in proved oil reserves behind Saudi Arabia and Venezuela.
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Source : CIA |
Company name: FARAH IMPEX LTD
Address:
Telephone: +1
416-335-6113
Email: siraj@farahimpex.com
Corporate ID # 001047012
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: October
6, 1993
Name of manager: Siraf
CHEENA
Business:
The Company is importer and wholesaler groceries and beverages.
No name of foreign suppliers available.
Staff: 10
Operations & branches:
At the headquarters, we
find the corporate office and warehouse, on lease.
Shareholders:
This is a private Company.
Management:
Siraj CHEENA is the President, Director and CEO
Graduate from Ryerson University in 1993 with a Bachelor of Engineering in
Electrical and Electronics.
As far as we know, he is not involved in other local corporations.
Subsidiaries
and Partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, the manager
controlled the present report.
Sales declared for year
2013 is in the range of CAD 4,000,000=
The business is said to be
profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None