MIRA INFORM REPORT
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Report No. : |
338312 |
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Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
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Name : |
FIELD FARMS MARKETING LTD |
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Registered Office : |
4846 Lasalle Line, Petrolia, Ontario N0N 1R0 |
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Country : |
Canada |
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Date of Incorporation : |
01.02.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a canadian organic and specialty grain trading company that
operates across global markets and conducts business with hundreds of farmers
across canada and, through integrity, reliability and fair trading practices,
has become a leader in the field. |
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No. of Employees : |
8 + Part Time |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 & address
Company name: FIELD FARMS MARKETING LTD
Reg. address: 4846 Lasalle Line, Petrolia, Ontario
N0N 1R0 - Canada
Address: 4922 LaSalle Line, Petrolia, Ontario
N0N 1R0, Canada
Telephone: +1
519-882-2976
Fax: +1 519-882-3988
Website: www.fieldfarms.ca
Corporate ID#: 2064085
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: February
1, 2005
Stock: -
Value: -
Name of manager: RITA
K. FELDER
ACTIVITIES & OPERATIONS
Business:
FIELD FARMS MARKETING LTD is a Canadian organic and specialty grain
trading company that operates across global markets and conducts business with
hundreds of farmers across Canada and, through integrity, reliability and fair
trading practices, has become a leader in the field.
The Company exports worldwide.
No name of foreign suppliers available.
Staff: 8 + part time
Operations & branches:
At the headquarters, we
find the corporate office.
SHAREHOLDERS
& MANAGERS
Shareholders:
This is a private Company.
Management:
Rita Katharina FELDER, Director, General Manager, Secretary and
Treasurer
Present here since March 1999.
Toni FELDER, President and Director
Anton FELDER, President and Director
Subsidiaries
And partnership:
Field Farms Marketing GmbH
Schillerstr. 1
63796 Kahl am Main, Germany
Ph: 49 (0) 6188-91411-0
Fx: 49 (0) 6188-91411-22
FINANCIALS
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 2014 is in excess of CAD 8,000,000+
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
COMPANY CREDIT HISTORY
TRADE REFERENCES:
Date reported: January 2015
High credit: CAD 15,000
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Office supply
Paying status: On terms
Date reported: January 2015
High credit: CAD 25,000
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Payroll
Paying status: As agreed
Date reported: January 2015
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
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.
Other comments:
The Company maintains a
regular 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
July 8, 2014.
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.66.71 |
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|
1 |
Rs.105.10 |
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Euro |
1 |
Rs.77.11 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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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.