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Report No. : |
322071 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ATLAS SUITES INC. |
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Registered Office : |
110 Charles Street, Ste 2508, Toronto, Ontario M4Y 1T5 |
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Country : |
Canada |
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Date of Incorporation : |
28.10.2010 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject provides short-term and long-term fully-furnished luxury
apartment rentals in Toronto Downtown and Mississauga. |
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No. of Employee : |
10 + part time |
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 : |
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 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. 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 |
ATLAS SUITES INC.
Address: 110 Charles Street, Ste
2508, Toronto, Ontario M4Y 1T5 –
Canada
Telephone: +1
800-419-6070
Fax: +1 800-419-6067
Website: www.atlasuites.com
Corporate ID#: ON-002261925
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-28-2010
Stock: -
Value: -
Name of manager: Nadeem
ZAFAR
History:
On October 1, 2014, name
changed from ATLAS IMPORT AND EXPORT INC.
On July 21, 2014, business
relocated from 3185 Unity Drive, Ste 2, Mississauga, Ontario L5L 4L5.
Business:
Atlas Suites provides short-term and long-term fully-furnished luxury
apartment rentals in Toronto Downtown and Mississauga.
The Company rents out on a weekly and monthly basis for those on
vacation, business trips or who require temporary accommodation.
Its hotel alternative suites are ready to move-in. All necessary
amenities and appliances are provided within the suite at no cost (en-suite
laundry, kitchen, etc.
No name of foreign suppliers available.
Staff: 10 + part time
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
This is a private company.
Management:
Nadeem ZAFAR is the CEO.
As far as we know, he is 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, nobody accepted
to answer our questions.
We sent a fax and an email
but no answer received.
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