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Report No. : |
344553 |
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Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
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Name : |
OGO FIBERS INC. |
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Registered Office : |
9140 Leslie Street, Ste 312, Richmond Hill, Ontario L4B 0A9 |
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Country : |
Canada |
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Date of Incorporation : |
20.06.2003 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and exporter of Waste paper, Job Lot paper and Primary paper. |
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No. of Employee : |
11 |
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 |
OGO FIBERS INC.
Address: 9140 Leslie Street, Ste 312,
Richmond Hill, Ontario L4B 0A9
Canada
Telephone: +1
905-762-9300
Fax: +1 905-762-9305
Website: www.ogofibers.com
Corporate ID#: ON-0002028507
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 06-20-2003
Stock: -
Value: -
Name of manager: Ms.
Sherry NING
Business:
The Company is importer and exporter of Waste paper, Job Lot paper and
Primary paper.
OGO Fibers is a subsidiary of the OGO Group comprised of six branch offices
worldwide, having a business relationship with hundreds of clients.
OGO Fibers maintains a high level of environmental stewardship while
setting the standard for integrity and professionalism in the waste paper
export
business to the North American, European and Asian markets.
OGO Fibers is Canada's largest and fastest growing recycled paper
exporter and current serves over 200 customers globally.
The Company
exports recently to:
HANGZHOU FENGDA PAPER INDUSTRY
CO., LTD. YUFENG VILLAGE, CHUNJIANG AREA, FUYANG, ZHEJIANG, CHINA
DAMAN GANGA BOARD MILLS PVT LTD
104,1ST FL, JAGRUTI BLDG.NO.1 CARTER RD.BORIVALI(E) MUMBAI,MAHARASHTRA
400066 INDIA
Staff: 11
Operations & branches:
At the headquarters, we find the corporate office.
The Company maintains a branch located:
5890 Munkland Avenue, Suite 101
Montreal, Quebec H4A 1G2 – Canada
Ph: +1 514-481-4999
Fx: +1 514-481-5718
Shareholders:
This is a private Company.
Management:
Ms. Sherry NING is the President and CEO.
As far as we know, she is not involved in other local corporations.
Subsidiaries
And partnership:
The Company is linked to
- JINZE (CANADA) CO., LTD.
- THREE CIRCLES PAPER CORP.
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 but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 10,000,000= verse CAD 8,000,000= in 2013.
The business is said to be
profitable.
Banks: HSBC Bank
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None