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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
COLOR INTUITION INC. |
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Registered Office : |
970 Montee de Liesse, |
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Country : |
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Date of Incorporation : |
07.07.2007 |
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Legal Form : |
Federal Corporation Profit |
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Line of Business : |
Importer and wholesaler of children clothing |
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No. of Employees : |
1 + 3
Reps |
RATING & COMMENTS
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MIRAs 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 : |
Small Company |
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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 |
|
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: INTUITION DE COULEUR INC. (in French)
COLOR INTUITION INC. (in English)
Address: 970 Montee de Liesse, Ste 305, St-Laurent, Quebec H4T 1W7
Canada
Telephone: +1
514-341-4888
Fax: +1
514-630-9590
Website: -
Corporate ID#: 6804098
State: Federal
Judicial form: Federal Corporation Profit
Date incorporated: September 7, 2007
Stock: -
Value: -
Name of
manager: Sarvesh WAHI
Business:
Importer and wholesaler of children clothing.
Suppliers include:
HANS FASHIONS
E-189, PHASE-IV, FOCAL POINT, LUDHIANA 110017 INDIA
Staff: 1 + 3 Reps
Operations & branches:
At the
headquarters, we find a fictitious office.
Shareholders:
1st
shareholder (+50%)
Pooja WAHI
3 Rue Brigantine,
Kirkland, Quebec H9H 5A8 Canada
2nd
shareholder:
Jaya NIGAM
3 Rue
Brigantine, Kirkland, Quebec H9H 5A8 Canada
Management:
Sarvsh WAHI, President
Jaya NIGAM, Director
Pooja WAHI, Secretary
As far as we know, he is they are involved in:
GLOBALTEX KIDS, LLC
370 Oak Street, Suite 3B, Brockton, MA 02301 - USA
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, nobody was available to answer our questions.
We sent a
fax but no answer received.
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 &
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: September 2014
High
credit: CAD 5,000
Now owing: 0
Past due: 0
Last
purchase: August 2014
Line of
business: Payroll
Paying status: As
agreed
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 on terms.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company
maintains its business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 11-18-2013.
The risk is
low.
Our opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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|
Report Prepared
by : |
NIS |
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 |
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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 |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SCs 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.