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Report No. : |
307867 |
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Report Date : |
19.02.2015 |
IDENTIFICATION DETAILS
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Name : |
EL-PARAZIM GROUP INC. |
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Registered Office : |
191, 10420-98 Avenue, Fort Saskatchewan, Alberta T8L 2N6 |
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Country : |
Canada |
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Date of Incorporation : |
18.08.2007 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is involved in petroleum and gas search and investing. Also doing business as: - AFRICAN SUPERMART - EL-PARAZIM PETROLEUM - EL-PARAZIM SHIPPING |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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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 |
EL-PARAZIM GROUP
INC.
Your order on: EL PARAZIM OIL AND GAS SERVICES LTD
That business is not incorporated in Ontario.
We find:
Reg. office: 191,
10420-98 Avenue, Fort Saskatchewan, Alberta T8L 2N6 –
Canada
Address: 3560 11A Street NE,
Calgary, Alberta T2E 6M7 - Canada
Telephone: +1
587-999-4050 (cellular)
Fax: -
Website: -
Corporate ID#: 2013420795
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: 08-14-2007
Stock: -
Value: -
Name of manager: Akinkunle BABALOLA
Business:
The Company is involved in petroleum and gas search and investing.
Also doing business as:
- AFRICAN SUPERMART
- EL-PARAZIM PETROLEUM
- EL-PARAZIM SHIPPING
No name of foreign suppliers available.
Staff: -
Operations & branches:
At the headquarters, we
find a mailbox.
Shareholders:
Jummai BABALOLA 100%
35 Everstone Drive SW
Calgary, Alberta T2Y 4N9
Canada
Management:
The Directors are:
- Jummai BABALOLA
- Akinkunle BABALOLA
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.
We called and left a
message on the voicemail but nobody returned the call.
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