MIRA INFORM REPORT
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Report No. : |
317351 |
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Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL COMMODITIES TRADERS INC. |
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Registered Office : |
34 Haverhill Crescent, Whitby, Ontario L1R 3E7 |
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Country : |
Canada |
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Date of Incorporation : |
16.11.2010 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is specialized in exporting of superior quality of Lentils,
peas, chickpeas, beans and special crops. |
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No. of Employee : |
3 |
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
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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 FINANCIALcrisis
of 2008-09 among the strongest in the world, owing to the early intervention by
the Bank of Canada and the financial sector's tradition of conservative lending
practices and strong capitalization. Canada achieved marginal growth in 2010-14
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 AND ADDRESS
GLOBAL COMMODITIES
TRADERS INC.
Address: 34 Haverhill Crescent, Whitby,
Ontario L1R 3E7 - Canada
Telephone: +1
647-684-5025
Fax: +1 389-802-0294
Website: www.gltraders.com
Corporate ID#: 7701918
State: Federal
Judicial form: Corporation – Profit
Date incorporated: 11-16-2010
Stock: -
Value: -
Name of manager: Noor
Un FARIDI
ACTIVITIES & OPERATIONS
Business:
Global Commodities Traders Inc. is specialized in exporting of superior
quality of Lentils, peas, chickpeas, beans and special crops from Canada and USA
to buyers across the world.
The Company exports worldwide.
No name of foreign suppliers available.
Staff: 3
Operations & branches:
At the headquarters, we
find the corporate office.
SHAREHOLDERS
& MANAGERS
Shareholders:
This is a private Company.
Management:
Noor Un FARIDI is the President, Director and CEO.
Other Directors include Muhammad Aftab GHOURI, Hasan TASLAR, and
Faisal R. USMANI.
As far as we know, they are 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, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 1,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None