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Report No. : |
342844 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HOMESTEAD ORGANICS LTD |
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Registered Office : |
1 Union Street, Berwick, Ontario K0C 1G0 |
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Country : |
Canada |
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Date of Incorporation : |
18.04.1997 |
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Legal Form : |
Federal Corporation – Profit |
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LINE OF BUSINESS : |
WHOLESALER FEED AND FARM SUPPLIES. |
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No. of Employees : |
13 |
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 – 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 |
Company name: HOMESTEAD ORGANICS LTD
Address: 1 Union Street, Berwick,
Ontario K0C 1G0 - Canada
Telephone: +1
613-984-0480
Fax: +1
613-984-0481
Website: www.homesteadorganics.ca
Corporate ID#: 3364097
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 04-18-1997
Stock: -
Value: -
Name of manager: Thomas
P. MANLEY
Business:
Wholesaler feed and farm
supplies.
Homestead Organics is among the first 12 venture listings on the Social Venture
Connexion in Toronto, which launched in Septembre 19th 2013.
The SVX is focused on the triple bottom line: economic, environment, and
social impact. The SVX is a Canadian platform connecting social ventures,
impact funds, and impact investors.
Foreign suppliers include:
GEO-FRESH ORGANIC
GULAB PARK, S.T.ROAD SIDHPUR-384151 INDIA
Staff: 13
Operations & branches:
At the headquarters, we
find the corporate headquarters.
The plant consists of 8 grain silos, a truck scale, shipping tanks, and
the feed mill.
The Company maintains a plant in Morrisburg Ontario.
That plant has 26,000 square feet, a large warehouse, 4 grain
silos, precision seed cleaning equipment for both food grains and
certified seed, but the plant does not
yet have a truck scale.
Shareholders:
Thomas P. MANLEY is the owner.
Management:
Thomas P. MANLEY is the President and CEO.
Graduate in 1983 from College Royal Militaire de St Jean with a Bachelor
of Computer Science.
Isabelle MASSON is in charge of finance and HR.
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, the
manager controlled the present report.
Sales declared for year
2014 is in the range of CAD 3,500,000=
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 (UCC):
None