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Report No. : |
344584 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL FOODS CANADA INC. |
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Registered Office : |
7835 Highway 50, Ste 12, Woodbridge, Ontario L4L 1A5 |
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Country : |
Canada |
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Year of Establishment : |
1985 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company is Importer and Distributor of Basmati Rice, Spices,
Pickles, Jams and Jello Products. |
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No. of Employees : |
6 |
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: NATIONAL FOODS CANADA INC.
Address: 7835 Highway 50, Ste 12, Woodbridge,
Ontario L4L 1A5 – Canada
Telephone: +1
905-265-9450
Fax: +1 905-265-9452
Website: www.nfoods.ca
Corporate ID#: ON-001372204
State: Ontario
Judicial form: Corporation – Profit
Date incorporated:
08-31-1999
Date founded: 1985
Stock: -
Value: -
Name of manager: Hasan
SYED
Business:
The Company is importer and distributor of basmati rice, spices,
pickles, jams and jello products.
Brands include NATIONAL, KOLSON, KNORR, RAFHAN, PAKOLA and others.
No name of foreign suppliers available.
Staff: 6
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
Hasan SYED is a major
shareholder.
Management:
Hasan SYED is the President, Director and CEO.
Graduate from Happy Dale School, Karachi, Pakistan.
As far as we know, he is not involved in other local corporations.
None
In United States and
Canada, privately held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 1,000,000=
The business is said to be
profitable.
Banks: Royal Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None