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Report No. : |
326820 |
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Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SARDAR GARMENTS AND TEXTILE INC. |
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Registered Office : |
349-10 Capreol Court, Toronto, Ontario M5V 4B3 |
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Country : |
Canada |
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Date of Incorporation : |
10.03.2014 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of clothing, mainly shirts, T-shirts and
sweatshirts. |
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No. of Employee : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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Litigation : |
-- |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, 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.
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Source
: CIA |
SARDAR GARMENTS
AND TEXTILE INC.
Address: 349-10 Capreol Court,
Toronto, Ontario M5V 4B3 - Canada
Telephone: +1
647-928-5775 (cellular)
Fax: -
Website: www.sardargarmentsandtextiles.com
Corporate ID#: ON-002410144
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: March 10,
2014
Stock: -
Value: -
Name of manager: Mohamed
Raheel KHAN
Business:
The Company is importer and wholesaler of clothing, mainly shirts,
T-shirts and sweatshirts.
Sells under its own trademark “5 RIVERS”, registered on 05-21-2014,
under
ID# 1677859.
No name of foreign suppliers available.
Staff: 3
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
SARDAR HOSIERY PROCESSORS (PVT), LTD.
Karachi, Pakistan
Management:
Mohammed Raheel KHAN is the President, Director and CEO
Mohammed Danish KHAN is Vice President and Director.
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.
On a direct call, Raheel
KHAN requested to know the name of the supplier or country of origin of the
demand.
We sent our usual form but
no answer received.
However, sales estimate for
year 2014 is in the range of CAD 300,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None