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Report No. : |
352047 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL MARCHANDISE INC |
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Registered Office : |
4944 Bd Decarie, Ste 206, Montreal,
Quebec H3X 2H7 |
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Country : |
Canada |
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Date of Incorporation : |
03.04.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject
engaged in importer, exporter and wholesaler of all kind of products,
including groceries. |
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No. of Employee : |
2 |
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 : |
Slow but correct |
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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, and electric power, and a top source of US uranium imports. 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 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 despite the recent drop in oil prices. 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 and is the world’s fifth-largest oil producer.
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Source
: CIA |
Company name: MARCHANDISE
INTERNATIONAL INC. (in French)
INTERNATIONAL
MARCHANDISE INC. (in English)
Address: 4944
Bd Decarie, Ste 206, Montreal, Quebec H3X 2H7
Canada
Telephone: +1
514-582-1836
Fax: -
Website: -
Corporate ID#: 1163628317
State: Quebec
Judicial form: Corporation
– Profit
Date incorporated: April 3, 2006
Stock: -
Value: -
Name of manager: Mickael BARCHICHAT
Business:
The Company is importer, exporter and wholesaler
of all kind of products, including groceries.
No name of foreign suppliers available.
Staff: 2
Operations &
branches:
At the headquarters,
we find the corporate office.
Shareholders:
1st
shareholder (+50%)
Kim BOIS
2nd
shareholder:
Elie SAMUEL
3rd
shareholder:
Mickael BARCHICHAT
Management:
Mickael BARCHICHAT,
President and CEO
Elie SAMUEL,
Secretary and Treasurer
They are well known
and appreciated in the Jewish Community.
As far as we know, they are 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, a
man hung up the phone as soon as he knew the purpose of the call.
We sent a mail but no
answer received.
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
Trade references:
Date reported: November 2015
High credit: CAD 5,000
Now owing: 0
Past due: 0
Last purchase: October 2015
Line of business: Payroll
Paying status: As agreed
Date reported: November 2015
High credit: CAD 280
Now owing: 0
Past due: 0
Last purchase: October 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit
history:
National Credit
Bureaus gave a satisfying credit risk.
According to our credit analysts, during
the last 6 months, domestic payments were made on due date.
Other comments:
The Company is
developing 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 10-15-2015.
The risk is low.
Our opinion:
A business connection
may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.63 |
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|
1 |
Rs.100.65 |
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Euro |
1 |
Rs.72.40 |
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CAD |
1 |
Rs.49.32 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
TRU |
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 |
-- |
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.