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Report No. : |
306165 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
172661 CANADA INC. |
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Registered Office : |
4155 Griffith Street, Montreal, Quebec H4T 1A9 |
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Country : |
Canada |
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Date of Incorporation : |
26.03.1990 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer, Wholesaler and Distributor of Fabrics and Related Products. |
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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) |
|
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.
|
Source
: CIA |
Company name: 172661 CANADA INC.
Address: 4155 Griffith Street,
Montreal, Quebec H4T 1A9 - Canada
Telephone: +1
514-343-4713
Fax: +1 514-343-4556
Website: -
Corporate ID#: 2588790
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 03-26-1990
Stock: -
Value: -
Name of manager: ALAN
MARMOR
Business:
Importer, wholesaler and distributor of fabrics and related products.
The Company is doing business as:
- AQUILA TEXTILES
- TEXTILES AQUILA
Foreign suppliers include:
HANGZHOU BEIKENDA TEXTILE CO.LTD
FUXING VILLAGE, YIQIAO TOWN, XIAOSHAN DISTRICT HANGZHOU CITY, ZHEJIANG,
CHINA
CHANGXING JINFA TEXTILE CO., LTD
QINGFANG INDUSTRIAL PARK, CHANGXING COUNTY,HUZHOU CITY, ZHEJIANG CHINA
Staff: 7
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
3979717 CANADA INC.
5840 Avenue Marc Chagal, Ste 308, Cote-St-Luc, Quebec H4W 3K6 – Canada
6677576 CANADA INC.
4155 Rue Griffith, Montreal, Quebec H4T 1A9 - Canada
Management:
Alan MARMOR, President, Director and CEO
Howard SILVER, Secretary and Treasurer.
They are also involved with the shareholders.
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 1,300,000=
The business is said to be
profitable.
Banks: Banque de Montreal
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: January 2015
High credit: CAD 5,000
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 10,000
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 300
Now owing: 0
Past due: 0
Last purchase: December 2014
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, domestic
payments were made on due date.
International credit history:
Payments of imports are currently made on terms.
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
August 1, 2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
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|
1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
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.