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Report No. : |
307365 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
TROPHY FOODS INC. |
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Registered Office : |
71 Admiral Blvd, Mississauga, Ontario L5T 2T1 |
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Country : |
Canada |
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Date of Incorporation : |
29.07.1982 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Engaged in producing
Edible Nuts, Dried Fruits, Confectionery and Bulk Foods under our Trophy brand |
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No of Employees : |
300 |
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.
|
Source
: CIA |
Company name: TROPHY FOODS INC.
Address: 71 Admiral Blvd, Mississauga,
Ontario L5T 2T1 - Canada
Telephone: +1
905-670-8050
Fax: +1 905-670-4856
Website: www.trophyfoods.com
Corporate ID#: ON-01703551
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: July 1,
2006
Date founded: July
29, 1982
Stock: -
Value: -
Name of manager: Brian
PAUL
History:
Business issued from the merger of:
ALIMENTS LALUMIERE INC.
2350 Chemin du Lac, Longueuil, Quebec J4N 1G8
Incorporated in Quebec on 07-05-2006
ID# 1147632369
TROPHY FOODS INC.
1 First Canadian Place, Ste 6950, Toronto, Ontario M5X 1A6
Incorporated in Ontario on 01-10-2005
ID# 001644747
Business:
Trophy Foods Inc. is Canadian owned and operated with over 40 years of
experience in serving our customers.
It produces edible nuts, dried fruits, confectionery and bulk foods
under our Trophy brand.
The Company also works with grocery retailers, mass merchandisers, drug
channel, and food service customers across the country to create and produce a
wide variety of private label branded products
Foreign suppliers
include:
MICROPLAST ANTONIO PALACIO COMPAIA SAS
R 48 20 34 IN 912 CENTRO EMPRESARIAL CUIDAD DEL RIO COLOMBIA
THIEN AN THINH PHAT COMPANY LTD
BEN CAT DISTRICT, BINH DUONG PROVINCE, VIETNAM BINH DUONG, VIET NAM
Staff: 300
Operations & branches:
At the headquarters, we
find a large warehouse and office, owned.
The Company maintains a branch located:
2350 Chemin du Lac
Longueuil, Quebec J4N 1G8 - Canada
Shareholders:
1087571 ONTARIO INC. (+50%)
1 First Canadian Place, Ste 6950
Toronto, Ontario M5X 1A6 - Canada
Management:
Brian PAUL, President
Bruce H. MITCHELL, Director
Vladka MITCHELL, Secretary
As far as we know, they are not involved in other local corporations.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a financial
assistant controlled the present report.
Sales declared for year
2014 is in the range of CAD 80,000,000+
The business is said to be
profitable.
Banks: Scotia Bank
HSBC Bank
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 25,000
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 400,000
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 900
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.
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
09-23-2014.
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.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
: |
KAR |
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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 |
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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.