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Report No. : |
307352 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MARCATUS QED INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.07.2001 |
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Legal Form : |
Corporation –
Profit |
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Line of Business : |
Engaged as importer and exporter of Food Products including Gherkins, Onions &
Peri Peri Chillis. |
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No of Employees : |
35 |
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) |
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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: MARCATUS QED INC.
Address: 43
Hanna Avenue, Unit C-424, Toronto, Ontario M6K 1X1 –
Canada
Telephone:
+1 905-337-1105
Fax: +1
905-337-1676
Website: www.marcatusqed.com
Corporate
ID#: ON-0001483584
State: Ontario
Judicial
form: Corporation – Profit
Date
incorporated: July 3, 2001
Stock: -
Value: -
Name of
manager: Murali SUNDARALINGAM
Business:
The Company is
importer and exporter of food products including gherkins, onions & peri
peri chillis.
Suppliers include:
MARCATUS QED
INDIA PVT.LTD
NO: 58,1ST
FLOOR, CANTEEN STREET, PONDICHERY 605001 INDIA
Staff: 35
Operations & branches:
At the
headquarters, we find a warehouse and office, on lease.
The Company
moved from 1075 North Service Road W., Oakville, Ontario L6M 2G2.
Shareholders:
This is a
private Company.
Management:
Murali
SUNDARALINGAM
He is also the
President, Director and CEO of:
MARCATUS
ORGANICS LTD
43 Hanna
Avenue, Unit C-424, Toronto, Ontario M6K 1X1
Federal
Corporation, incorporated on February 7, 2007
ID# 6716083
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.
Outside sources
(bank) gave estimate sales for year 2014 in the range of CAD 16,000,000= (CAD
15,000,000 in 2012)
The business is
said to be profitable.
Banks: Royal Bank of Canada
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 10,000
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 50,000
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 800
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 prompt
and regular.
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.
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.62.20 |
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UK Pound |
1 |
Rs.95.99 |
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Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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.