MIRA INFORM REPORT

Report Date :

22.11.2014

IDENTIFICATION DETAILS

Name :	ALLIANCE ZONE INC.
Registered Office :	370 Bd Nobert, Ste 260, Longueuil, Quebec J4J 2Z3
Country :	Canada
Date of Incorporation :	03.04.2013
Legal Form :	Corporation – Profit
Line of Business :	Importer and wholesaler of lentils, peas, nuts and dried fruits, cashews, soybeans, corianders
No of Employees :	01

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
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
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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 & ADDRESS

Company name: ALLIANCE ZONE INC.

Address: 370 Bd Nobert, Ste 260, Longueuil, Quebec J4J 2Z3 - Canada

Telephone: +1 450-999-0025

Fax: +1 450-999-0045

Website: www.alliancezone.ca

Corporate ID#: 11690340145

State: Quebec

Judicial form: Corporation – Profit

Date incorporated: April 3, 2013

Stock: -

Value: -

Name of manager: Adel BENNANI

ACTIVITIES & OPERATIONS

History:

Adel BENNANI was owner of “ALLIANCE ZONE” a sole ownership company incorporated in Quebec on 08-15-2008, under ID# 2265354250, dissolved on

04-15-2013.

The business was transferred to ALLIANCE ZONE INC.

In September 2014, business relocated from:

3755 E. Matte, Brossard, Quebec J4Y 2P4

IST

Business:

Importer and wholesaler of lentils, peas, nuts and dried fruits, cashews, soybeans, corianders…

The Company imports mainly from India.

Staff: 1

Operations & branches:

At the headquarters, we find the corporate office, on lease.

SHAREHOLDERS & MANAGERS

Shareholders:

Adel BENNANI is the owned.

Management:

Adel BENNAI is the President, Director and CEO.

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.

On a direct call, the manager controlled the present report but deferred any financials.

We sent a fax but no answer received at this time.

However, sales estimate for year 2013 is in the range of CAD 500,000=

The business is said to be profitable.

Banks: Banque de Montreal

LEGAL FILINGS

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

Secured debts summary: None

COMPANY CREDIT HISTORY

Trade references:

Date reported: October 2014

High credit: CAD 2,000

Now owing: 0

Past due: 0

Last purchase: September 2014

Line of business: Office supply

Paying status: On terms

Date reported: October 2014

High credit: CAD 3,000

Now owing: 0

Past due: 0

Last purchase: September 2014

Line of business: Payroll

Paying status: As agreed

Date reported: October 2014

High credit: CAD 200

Now owing: 0

Past due: 0

Last purchase: September 2014

Line of business: Telecommunications

Paying status: On terms

Domestic credit history:

Domestic credit history appears as follow:

Monthly Payment Trends - Recent Activity

Date	Balance	Current	Up to 30 DBT	31-60 DBT	61-90 DBT	>90 DBT
05/14	$800	100%	0%	0%	0%	0%
06/14	$800	100%	0%	0%	0%	0%
07/14	$800	100%	0%	0%	0%	0%
08/14	$800	100%	0%	0%	0%	0%
09/14	$800	100%	0%	0%	0%	0%
10/14	$800	100%	0%	0%	0%	0%

National Credit Bureaus gave a satisfying credit rating.

According to our credit analysts, during the last 6 months, domestic payments were made on due date.

International credit history:

Payments of imports are currently made on terms.

Other comments:

The Company is developing its business.

The bank confirmed a small 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 09-23-2014.

The risk is low.

Our opinion:

A business connection may be conducted.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.85
UK Pound	1	Rs.97.01
Euro	1	Rs.77.62

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	SMN

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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%)

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