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Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
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Name : |
JEFO NUTRITION INC. |
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Registered Office : |
5020 Avenue Jefo, CP 325, Saint-Hyacinthe, Quebec J2R 2E7 |
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Country : |
Canada |
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Date of Incorporation : |
31.07.2010 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject is engages in the design, manufacturing, warehousing,
and JIT-distribution of animal nutrition specialty products |
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No. of Employees |
44 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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: JEFO NUTRITION INC.
Address: 5020 Avenue Jefo, CP 325, Saint-Hyacinthe, Quebec J2R 2E7
Canada
Telephone: +1 450-799-2000
Fax: +1 450-778-1338
Website: www.jefo.ca
Corporate ID#: 7593996
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 07-31-2010
Date founded: 08-16-1982
Stock: -
Value: -
Name of
manager: Jean FONTAINE
History:
Business
issued from the merger of:
TERROIR
ETCETERA INC. (Federal ID# 6919740)
JEFO NUTRITION INC. (Federal ID# 1344927)
Business:
JEFO Nutrition, Inc. engages in the design, manufacturing, warehousing, and JIT-distribution of animal nutrition specialty products.
It provides ruminant, swine, poultry, aquaculture, equine, pet, rabbit, and liquid products. The company also offers research, transshipment, food storage, refrigerated storage, research, and transportation services.
The company was founded in 1982 and is based in Saint-Hyacinthe, Canada.
JEFO Nutrition, Inc. operates as a subsidiary of Jefo International Ltee.
The Company is using the following registered business names:
- CENTRE INTERNATIONAL DE RECHERCHE EN ALIMENTATION ANIMALE DE SAINT-HYACINTHE
- CHATEAU JEFO
- CONCEPTION GRAPHIQUE JEFO
- VIGNOBLE CHATEAU FONTAINE
Staff: 44
Operations
& branches:
At the
headquarters, we find the corporate office, factory and warehouse.
Shareholders:
JEFO
INTERNATIONAL LTEE
5020 Avenue Jefo, CP 325, Saint-Hyacinthe, Quebec J2R 2E7- Canada
Management:
Jean FONTAINE, President
He oversees Jefo Nutrition's all activities in order to increase the performance of research, manufacturing of innovative products and the service to Jefo Nutrition offer's invaluable and trusting customers.
He graduated from Laval University in Animal Nutrition (zootechny) - 1981 and trained in Foreign Trade and Export Techniques - 1982.
Guy TALBOT, Vice President of Finance.
Gilles BEAUPRE, Secretary
As far as we know, they are involved in the parent company.
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, a financial assistant controlled the present report.
Sales
declared for year 2013 is in the range of CAD 30,000,000=
The
business is profitable.
Banks: Banque de Montreal
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade
references:
Date
reported: May 2014
High
credit: CAD 50,000
Now owing: 0
Past due: 0
Last
purchase: April 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: May 2014
High
credit: CAD 70,000
Now owing: 0
Past due: 0
Last
purchase: April 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: May 2014
High
credit: CAD 600
Now owing: 0
Past due: 0
Last
purchase: April 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
National
Credit Bureaus gave a satisfying credit rating.
Other
comments:
The Company
maintains a regular business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 12-23-2013.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
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|
1 |
Rs.102.00 |
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Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.