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Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
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Name : |
INTERWORLD DEVELOPMENT INC |
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Registered Office : |
5407 Eglinton Street, Burnaby, British Columbia V5G |
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Country : |
Canada |
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Date of Incorporation : |
04.03.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
importer and wholesaler
of Hemlock, Plywood, Western Red Cedar, Medium Density Fiber Board, WRC &
spf Lumber |
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No. of Employees |
05 |
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 : |
Moderate |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Canada ECONOMIC OVERVIEW
As an affluent, high-tech industrial society in the trillion-dollar
class, Canada resembles the US in its market-oriented economic system, pattern of
production, and affluent 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 exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
great 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 2010-12 and plans to balance
the budget by 2015. In addition, the country''s petroleum sector is rapidly
becoming an even larger economic driver with Alberta''s oil sands significantly
boosting Canada''s proven oil reserves, ranking the country third in the world
behind Saudi Arabia and Venezuela.
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Source : CIA |
Note:-
Your order on: INTER WORLD DEVELOPMENT INC
The correct name is INTERWORLD DEVELOPMENT INC.
Company name: INTERWORLD DEVELOPMENT INC
Address: 5407
Eglinton Street, Burnaby, British Columbia V5G
Telephone: +1
604-299-5796
Fax: +1 604-291-0288
Website: www.interworldev.com
Corporate ID#: BC-0000723618
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: March 4,
2005
Stock: -
Value: -
Name of manager: Gary
CHENG
Business:
The Company is importer
and wholesaler of Hemlock,
Plywood, Western Red Cedar, Medium Density Fiber Board, WRC & spf Lumber.
Suppliers
include:
Kam Yuen Building Supplies HK LTD
Unit 16 4/Floor Cardinal, Ind Building, Hong Kong
Yue Tai Timber Development HK
Rm 335, 3rd Floor, World Trade Square, Fanling, N.T., Hong Kong
Staff: 5
Operations & branches:
At the headquarters, we
find a warehouse and office, on lease.
Shareholders:
CHEUNG HING FAT LTD.
Hong Kong
Management:
Gary CHENG is the President, Director and CEO.
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, a
Secretary controlled the present report but deferred any financials.
We sent an email but no
answer received.
However, sales estimate for
year 2013 is in the range of CAD 1,800,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None