MIRA INFORM REPORT
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Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
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Name : |
ULTRATECH TRADING
COMPANY |
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Registered Office : |
5142 Parkplace Circle, Mississauga, Ontario L5V 2M2 |
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Country : |
Canada |
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Date of Incorporation : |
January 1995 |
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Legal Form : |
Sole Ownership |
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Line of Business : |
Exporter and importer of Educational Instruments, Instruments Equipment, Chairs as
well as Hairdresser Equipment and Accessories |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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) |
|
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.
|
Source
: CIA |
COMPANY
NAME & ADDRESS
Company name: ULTRATECH TRADING COMPANY
Address: 5142
Parkplace Circle, Mississauga, Ontario L5V 2M2 – Canada
Telephone: +1
905-290-6723
Fax: +1 905-290-6724
Email: utcompany@sympatico.ca
COMPANY
SUMMARY
Corporate ID#: Not
incorporated
Business License: 131384216
State: Ontario
Judicial form: Sole ownership
Issue license date: 12-18-2003
Beginning of business: January
1995
Name of manager: Syed
Qumber RIZVI
ACTIVITIES & OPERATIONS
Business:
Exporter and importer of Educational Instruments,
Instruments Equipment, Chairs as well as Hairdresser Equipment and Accessories
The Company imports mainly from China.
Staff: None
Operations & branches:
At the headquarters, we
find the private home of Syed Qumber RIZVI.
SHAREHOLDERS
& MANAGERS
Shareholders:
Syed Qumber RIZVI is the
owner.
Management:
Syed Qumber RIZVI is the
manager.
As far as we know, he is not involved in other local corporations.
Subsidiaries and partnership: None
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
We called and left a
message on the voicemail but nobody returned the call.
We sent an email but no
answer received.
No financials available.
Estimate revenue for year
2013 should be in the range of CAD 300,000=
The business is said to be
profitable.
Banks: HSBC Bank
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None