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Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
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Name : |
OGO FIBERS INC |
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Registered Office : |
9140 Leslie Street, Ste 312, Richmond Hill, Ontario L4B 0A9 |
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Country : |
Canada |
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Date of Incorporation : |
20.06.2003 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and exporter of waste paper, job lot paper and primary paper. |
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No. of Employees : |
11 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Canada |
A1 |
A1 |
|
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 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: OGO FIBERS INC.
Address: 9140 Leslie Street, Ste 312,
Richmond Hill, Ontario L4B 0A9
Canada
Telephone: +1
905-762-9300
Fax: +1 905-762-9305
Website: www.ogofibers.com
Corporate ID#: ON-0002028507
State: Ontario
Judicial form: Corporation – Profit
Date incorporated:
06-20-2003
Stock: -
Value: -
Name of manager: Ms.
Sherry NING
Business:
The Company is importer and exporter of Waste paper, Job Lot paper and
Primary paper.
OGO Fibers is a subsidiary of the OGO Group comprised of six branch
offices worldwide, having a business relationship with hundreds of clients.
OGO Fibers maintains a high level of environmental stewardship while
setting the standard for integrity and professionalism in the waste paper
export
business to the North American, European and Asian markets.
OGO Fibers is Canada's largest and fastest growing recycled paper
exporter and current serves over 200 customers globally.
The Company exports to:
ZHEJIANG HYUN PAPER COMPANY LIMITED
ZHITANG VILLAGE FUYANG ZJ CHINA
QINGDAO OGO FIBERS INCOPORATED
ROOM 1805 SUITE B WORLD TRADE CENTR QINGDAO SD CHINA
Staff: 11
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains a branch located:
5890 Munkland Avenue, Suite 101
Montreal, Quebec H4A 1G2 – Canada
Ph: +1 514-481-4999
Fx: +1 514-481-5718
Shareholders:
This is a private Company.
Management:
Ms. Sherry NING is the President and CEO.
As far as we know, she is not involved in other local corporations.
Subsidiaries
And partnership:
The Company is linked to
- JINZE(CANADA) CO., LTD.
- THREE CIRCLES PAPER CORP
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 8,000,000=
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