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Report No. : |
339587 |
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Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
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Name : |
1320698 ONTARIO INC. |
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Registered Office : |
551 St. Clair Avenue West, Unit 1, Toronto, Ontario M6C 1A3 |
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Country : |
Canada |
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Date of Incorporation : |
22.10.1998 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of marble, granite, slates |
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No. of Employee : |
2 |
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 : |
Small company |
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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 |
1320698 ONTARIO
INC.
Address: 551 St. Clair Avenue
West, Unit 1, Toronto, Ontario M6C 1A3
Canada
Telephone: +1
416-653-0905
Fax: +1
416-638-6804
Website: --
Corporate ID#: 001320698
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-22-1998
Stock: --
Value: --
Name of manager: Michael
LIU
Business:
The Company is importer and wholesaler of
marble, granite, slates…
It is also doing business as RANEE IMPEX.
Foreign
suppliers include:
RANEE ENTERPRISES
Tej House 5 M.G Road, 1st Floor, Pune - 411 001 India
Staff: 2
Operations & branches:
At the headquarters, we
find, AUCKING SHOE, a shoe repair store, owned by
Michael LIU.
Shareholders:
Michael LIU is the owner.
Management:
Michael LIU is the
President and CEO.
He is also the owner of AUCKING SHOE, a shoe
repair store.
Subsidiaries
And partnership: None
In 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 at this time.
However, sales estimate for
year 2014 is in the range of CAD 500,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None