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Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
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Name : |
MAHAWELI TRADING INC. |
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Registered Office : |
C/O Sarath Amarakoon 63 |
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Country : |
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Date of Incorporation : |
15.02.2006 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer and Trader of Tea, Spices, Stationary, and Others |
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No. of Employees : |
None |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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.
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 |
MAHAWELI TRADING INC.
c/o Sarath AMARAKOON
63 Manning Court, Kanata, Ontario K2K 3N2 - Canada
Mailing address: PO Box 72175, Ottawa, Ontario K2K 2P4
- Canada
Telephone: +1
613-270-0577
Fax: -
Website: www.mahawelitrading.com
Corporate ID#: 6522378
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 02-15-2006
Stock: -
Value: -
Name of manager: Sarath
AMARAKOON
Business:
The Company is importer and trader of tea, spices, stationary, and
others.
Doing business as MTI GROUP.
Suppliers include:
PETRA, INC.
JUMBO BLDG ROOM NO. 503, 10 CHANG 4-DONG, DOBONG-GU SEOUL, SOUTH KOREA
The Company imports also from Sri Lanka.
Staff: None
Operations & branches:
At the headquarters, we
find a private home.
The address given on your
order
405 Somerant Street West Ottawa,
Ontario K2P 0K1
does not exist.
Shareholders:
Sarath AMARAKOON is one
shareholder.
She lives on
63 Manning Court, Kanata, Ontario K2K 3N2
Ph: +1 613-270-8656
Management:
Sarath AMARAKOON is the
Director and Manager.
Graduate from University of Ottawa in 2001 with a MCS in Computer
Science.
Former Manager with Flextronics Inc. from November 2004 to August 2011.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
We called but the voicemail
was full.
We sent an email no answer
received.
We called Sarath AMARAKOON
to his home and left a message but nobody returned the call.
No financials available.
Banks: n/a
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
No trade references.
No domestic credit history.
Other comments:
The Company is NOT in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
12-28-2012.
The risk is high.
Our opinion:
We suggest you to be
careful.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.79 |
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1 |
Rs.99.30 |
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Euro |
1 |
Rs.78.16 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SHG |
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.