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Report No. : |
315821 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ODEM INTERNATIONAL INC. |
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Registered Office : |
483 Chemin de la Grande-Cote, Rosemere, Quebec JA7 1M1 |
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Country : |
Canada |
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Date of Incorporation : |
13.03.1989 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Trading house specialized in the import/export of raw bulk honey,
beeswax, bee pollen, royal jelly and propolis. |
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No. of Employees : |
7 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
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.
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Source
: CIA |
Company name: ODEM INTERNATIONAL INC.
Address: 483 Chemin de la Grande-Cote,
Rosemere, Quebec JA7 1M1 Canada
Telephone: +1
450-965-1412
Fax: +1 450-965-1425
Website: www.odeminternational.com
Corporate ID#: 2448360
State: Federal
Judicial form: Federal Corporation – Profit
A
Federal Corporation is allowed to do business in all the Country.
Date incorporated: 03-13-1989
Stock: -
Value: -
Name of manager: ELISE
GAGNON
Business:
Odem International is a trading house specialized in the import/export
of raw bulk honey, beeswax, bee pollen, royal jelly and propolis.
The Company exports worldwide.
No name of foreign suppliers available.
CAE: 7799
Staff: 7
Operations & branches:
At the headquarters, we find
the corporate headquarters, on lease.
Shareholders:
1st shareholder:
Elise GAGNON
242 Rue Elizabeth,
Rosemere, Quebec J7A 2L6 – Canada
2nd shareholder:
Norman BERNIER
402-3635 Av. Jean-Béraud, Laval, Québec H7T0G9 - Canada
3rd shareholder:
Fancis DALPE
856 rue Beauchesne, Repentigny, Québec J5Y 1Y3 - Canada
Management:
Elise GAGNON is the President, Director and CEO.
As far as we know, she 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, the
manager controlled the present report.
Sales declared for year
2014 is in the range of CAD 60,000,000= verse
CAD 55,000,000= in 2012.
The business is profitable.
Banks: Banque de Montreal
Rosemere, Quebec
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: March 2015
High credit: CAD 8,000
Now owing: 0
Past due: 0
Last purchase: February 2015
Line of business: Office supply
Paying status: On terms
Date reported: March 2015
High credit: CAD 14,000+
Now owing: 0
Past due: 0
Last purchase: February 2015
Line of business: Payroll
Paying status: As agreed
Date reported: March 2015
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: February 2015
Line of business: Telecommunications
Paying status: On
terms
Domestic credit history:
Domestic credit history
appears as follow:
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Monthly Payment
Trends - Recent Activity |
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National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments
were made on due date.
International credit history:
Payments of imports are currently made on terms.
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
03-19-2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.59 |
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|
1 |
Rs.92.46 |
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Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
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.