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MIRA INFORM REPORT
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Report No. : |
501736 |
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Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
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Name : |
1161396 ONTARIO INC |
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Registered Office : |
2965 Bristol Circle Unit C, Oakville, ON L6H 6P9 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1985 |
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Legal Form : |
Corporation |
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Line of Business : |
The company's line of business includes the wholesale distribution of
confectionery and related products. |
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No. of Employees : |
50 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC OVERVIEW
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. Canada
has a large oil and natural gas sector with the majority of crude oil
production derived from oil sands in the western provinces, especially Alberta.
Canada now ranks third in the world in proved oil reserves behind Venezuela and
Saudi Arabia and is the worlds sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free
Trade Agreement (which includes Mexico) dramatically increased trade and
economic integration between the US and Canada. Canada and the US enjoy the
worlds most comprehensive and highly balanced bilateral trade and investment
relationship, with merchandise trade of $544 billion in 2016, services trade of
over $80 billion, and two-way investment stocks of nearly $700 billion. Over
three-fourths of Canadas exports are destined for the US each year. Canada is
the largest foreign supplier of energy to the US, including oil, natural gas,
and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and
modern capital stock, Canada enjoyed solid economic growth from 1993 through
2007. The global economic crisis of 2007-08 moved the Canadian economy into
sharp recession by late 2008, and Ottawa posted its first fiscal deficit in
2009 after 12 years of surplus. Canada's major banks emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector's tradition of conservative lending practices and strong capitalization.
Since the fall in world oil prices in 2014, Canada has achieved modest economic
growth.
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Source
: CIA |
STATUTORY
INFORMATION
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Order: |
S M Enterprise (The address given in the order is the company`s trade name). |
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Legal Name: |
1161396 ONTARIO INC |
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Trade Names: |
S & M ENTERPRISES |
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ID: |
1161396 |
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Date Created: |
1985 |
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Date Incorporated: |
1985 |
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Legal Address: |
2965 Bristol Circle Unit C Oakville, ON L6H 6P9, Canada |
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Operative Address: |
2965 Bristol Circle Unit C Oakville, ON L6H 6P9, Canada |
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Telephone: |
+1 905-829-2229 |
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Fax: |
+1 905-829-8899 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
The company does not have a website. |
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Contact: |
Sam Singh - President & Board Member |
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Staff: |
50 |
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Activity: |
SIC Code 5145, Confectionery NAICS Code 424450, Confectionery Merchant Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
1161396 Ontario Inc was founded in 1985. |
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PRINCIPAL
ACTIVITY
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The company's line of business includes the wholesale distribution of confectionery
and related products. |
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Products/Services description: |
The company offers Packaging and Chocolate products, candies and other
sweet goods. |
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Brands: |
The company does not have any brands of its own. |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Uflex Limited Pakona Engineers (I) Pvt. Ltd. Yick Chi Plastic Toys Fty |
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Operations area: |
National |
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The company imports from |
INDIA CHINA |
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The subject employs |
50 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
2965 Bristol Circle Unit C Oakville, ON L6H 6P9, Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The company does not disclose information on shareholders. The
following information has been obtained through private sources and could not
be confirmed: The major holder of this company is: |
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Management: |
Sam Singh - President & Board Member |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. The following information has been provided by private sources: |
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USD 2016 |
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Sales |
15.400.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
Les Marques Metro / Metro Brands S.E.N.C. v. 1161396
Ontario Inc., 2017 FC 806 (CanLII)
2017-09-08 Federal Court Canada (Federal) goods biscuits cookies trade-mark application opposition 2. Les Marques Metro / Metro Brands S.E.N.C. v 1161396 Ontario Inc., 2015
TMOB 227 (CanLII) 2015-12-22 Trade-marks Opposition Board Canada (Federal) opposition candy reporter certified copy of the affidavit
snacks |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 1985, 1161396 Ontario Inc is a mid-sized organization in
the confectionery companys industry located in Oakville, Canada. It has approximately 50 full-time employees and generates an estimated
$15.4 million in annual revenue. The company operates nationally, mainly importing from India and
China. It is ACTIVE in business with no negative. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Sam |
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POSITION |
President |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company and the number of employees.
He was reluctant to provide financial information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 79.79 |
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CAD |
1 |
INR 50.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SCs credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.