MIRA INFORM REPORT

 

 

Report No. :

346748

Report Date :

09.12.2015

 

IDENTIFICATION DETAILS

 

Name :

2229074 ONTARIO INC.

 

 

Registered Office :

6A-170 The Donway West, Ste 816, Toronto, Ontario M3C 2E8

 

 

Country :

Canada

 

 

Date of Incorporation :

02.11.2009

 

 

Legal Form :

Ontario Corporation – Profit 

 

 

Line of Business :

The Company is importer and wholesaler olives and other vegetables.

 

 

No. of Employees :

8

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 


 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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.

 

 

 

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.

 

Source : CIA

 

Company Name and Summary

 

Company name:            2229074 ONTARIO INC.

 

Reg. address:               6A-170 The Donway West, Ste 816, Toronto, Ontario M3C 2E8 Canada

 

Telephone:                    -

 

Fax:                              -

 

Website:                                   www.zeea.com

 

Corporate ID#:              ON-2229074

 

State:                           Ontario

 

Judicial form:                             Ontario Corporation – Profit 

 

Date incorporated:        November 2, 2009

 

Stock:                           -

 

Value:                           -

 

Name of manager:         Argirios DIMACOPOULOS

 

 

ACTIVITIES & OPERATIONS

 

IST

 

Business:

 

The Company is importer and wholesaler olives and other vegetables.

 

 

Suppliers include:

 

GANDULES INC. S.A.C.
AV. DEL PINAR 198, 3ER. PISO URB. CHACARILLA DEL ESTANQUE SURCO LIMA 33 - PERU

 

OLIVES S.A.

RUTA NACIONAL 38 KM 433 (5300) LA R IOJA - PCIA DE LA RIOJA ARGENTINA

 

 

Staff:    8

 

Operations & branches:

 

At the headquarters, we find a private apartment.

 

The address given on your order

Suite 212, 18B-3200 Dufferin Street, Toronto, Ontario M6A 0A1 does not match anything.

 

 

SHAREHOLDERS & MANAGERS

 

Shareholders:

 

Argirios DIMACOPOULOS is a major shareholder.

 

 

Management:

 

Argirios DIMACOPOULOS is the President, Director and CEO.

 

As far as we know, he is involved in other corporations, including:

 

ZEEA MARKETING INC.

Incorporated in Ontario on December 10, 2003

ID# 002037279

 

ZEEA OLIVES ETC. LTD.

Incorporated in Ontario on 11-15-2013

ID# 002396154

 

2222603 ONTARIO INC. dba ZEEA

106 Tycos Drive, North York, Ontario M6B 1V9

Ph: +1 416-693-5832

Fx: +1 866-527-5477

Incorporated in Ontario on November 2, 2009

ID# 2222603

 

AGROLIVIA S.A.

Brazil

 

 

FINANCIALS

 

In Canada, privately held corporations are not required to publish any financials.

 

On a direct call, nobody was available to answer any questions.

We sent a fax and received confirmation of our report.

 

The bank deferred any information.

 

No financials available

 

 

 

Banks:  Royal Bank of Canada

            180 Wellington Street West, Toronto, Ontario M5J 1J1

            Ph: +1 416-955-6400

 

 

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

 

No trade reference.

 

 

Other comments:

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

Last report was filed on 08-29-2015.

 

 

Our opinion:

Based on other corporations of the group, a business connection may be conducted.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.80

UK Pound

1

Rs.100.49

Euro

1

Rs.72.52

CAD

1

Rs.49.29

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

NIT

 

               


 

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

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

<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 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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.