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Report Date : |
10.05.2014 |
IDENTIFICATION DETAILS
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Name : |
EL BARAKA INC. |
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Registered Office : |
1424 St Laurent, Montréal, Quebec H2X 2S7 |
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Country : |
Canada |
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Date of Incorporation : |
12.06.1986 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer, wholesaler and retailer leather clothing, jackets, boots, shoes, bags, wallets, shits and Tshirts… |
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No. of Employees : |
15 |
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
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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: EL BARAKA INC.
Address: 1424 St Laurent, Montréal, Quebec H2X 2S7, Canada
Telephone: +1 514-849-2843
Fax: -
Website: www.streamingeagle.com
Corporate ID#: 2064243
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: June 12, 1986
Stock: -
Value: -
Name of manager: Jamal
BERRADA
History:
On 07-26-2007, name changed from BOUTIQUE UNISEXE EL BARAKA INC.
Business:
Importer, wholesaler and retailer leather clothing, jackets, boots, shoes, bags, wallets, shits and Tshirts…
Brands include:
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EL BARAKA (MARQUE DE COMMERCE - TRADE MARK) |
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LA MARQUE QUI ROULE (MARQUE DE COMMERCE-TRADE MARK) |
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LE CUIR QUI ME COLLE À LA PEAU (MARQUE DE COMMERCE - TRADE MARK) |
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SCREAMIN' EAGLE (MARQUE DE COMMERCE - TRADE MARK) |
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SCREAMIN'EAGLE (FRANCE) (MARQUE DE COMMERCE-TRADE MARK) |
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SCREAMING EAGLE (ITALIE) (MARQUE DE COMMERCE - TRADE MARK) |
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SCREAMING EAGLE (MARQUE DE COMMERCE - TRADE MARK) |
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SCREAMING EAGLE (U.S.) (MARQUE DE COMMERCE - TRADE MARK) |
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UN LOOK, LE LOOK, TON LOOK (MARQUE DE COMMERCE - TRADE MARK) |
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UN LOOK, LE LOOK, TON STYLE (MARQUE DE COMMERCE - TRADE MARK) |
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UN STYLE DE VIE QUI ME COLLE À LA PEAU (MARQUE DE COMMERCE -TRADE MARK) |
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WAY OF LIFE (MARQUE DE COMMERCE - TRADE MARK) |
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Suppliers include:
LANCER SURGICAL COMPANY
145-C, FATIMA JINNAH ROAD,SIE, SIALKO - PAKISTAN
Staff: 15
Operations
& branches:
At the
headquarters, we find a store and office, on lease.
Shareholders:
Jamal
BERRADA is a major shareholder (+50%).
Management:
Jamal BERRADA 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 sales assistant controlled the present report but deferred any
financials.
We sent a
fax but no answer received.
Outside
sources (bank) gave estimate sales for year 2013 in the range of
CAD
3,000,000+
The
business is said to be profitable.
Banks: CIBC Bank
Montreal, Quebec
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: March 2014
High
credit: CAD 15,000
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of
business: Office supply
Paying
status: 2 days beyond terms
Date reported: March 2014
High
credit: CAD 30,000
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: March 2014
High
credit: CAD 800
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of
business: Telecommunications
Paying
status: 2 days beyond terms
Domestic
credit history:
National
Credit Bureaus gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made with an average of 2 days beyond terms.
International credit history:
Payments of imports are currently made with an average of 2 to 5 days beyond terms.
The Company
is improving its payments, but the cash is low, due to high inventories.
Other comments:
The Company
maintains its business.
The bank
confirmed a regular account.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on April 11, 2013.
The risk is
low.
Our opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
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|
1 |
Rs.101.65 |
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Euro |
1 |
Rs.83.07 |
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.