|
Report No. : |
328071 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOULINS DE DENIM DE SIDDIQSONS INC. |
|
|
|
|
Registered Office : |
8100 Route Transcanadienne, Ste A, St-Laurent, Quebec H4S 1M5 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
05.01.2010 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
· The Company imports jeans. · Sells to department stores and distributors. |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company name: MOULINS DE DENIM DE SIDDIQSONS
INC. (in French)
SIDDIQSONS
DENIM MILLS INC.
Address: 8100 Route
Transcanadienne, Ste A
St-Laurent, Quebec
H4S 1M5 - Canada
Telephone: +1
514-333-8445
Fax: -
Email: faisanhr@siddiqsons.com
Corporate ID#: 1166322983
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: January
5, 2010
Stock: -
Value: -
Name of manager: Faisal
SIDDIQUI
Business:
The Company imports jeans.
Sells to department stores and distributors.
Foreign suppliers
include:
SIDDIQSONS DENIM MILLS LIMITED
D-53 TEXTILE AVENUE SITE, KARACHI 75700 PAKISTAN
Staff: 3
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
1st shareholder:
Rafi TARIQ
34H Block 6, PECH Karachi
Sind Pakistan
2nd shareholder:
Abdul Rahim TARIQ
34H Block 6, PECH Karachi
Sind Pakistan
3rd shareholder:
Faisal SIDDIQUI
4134 Bd Notre Dame, Laval,
Quebec H7W 1T1 Canada
Management:
Abdul RAHIM TARIQ is the President and Director
Rafi TARIQ is Director
Faisal SIDDIQUI is Manager and Secretary.
As far as we know, they are involved in several other corporations
worldwide under the flagship:
Siddiqsons Group
27th Floor - Ocean Mall & Tower
Plot # G-3 Block 9
Clifton Road,
Karachi, Pakistan
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent an email but no
answer received.
However, sales estimate for
year 2014 is in excess of CAD 10,000,000+
The business is profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None