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MIRA INFORM REPORT
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Report No. : |
502609 |
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Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
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Name : |
AVIATION MRO CANADA INC. |
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Registered Office : |
11915 Coventry Hills Way Ne Calgary
Alberta T3K 6J7 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
31.03.2009 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is dedicated to the wholesale of Aviation Related
Products. |
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No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s 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 world’s 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 world’s 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 Canada’s 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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Legal Name: |
AVIATION MRO CANADA INC. |
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Trade
Names: |
AVIATION MRO CANADA INC. |
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ID: |
AB2014607952 |
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Date Created: |
2009 |
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Date Incorporated: |
2009-03-31 |
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Legal Address: |
11915 COVENTRY HILLS WAY NE CALGARY ALBERTA T3K 6J7,CANADA |
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Operative Address: |
4 SHERWOOD SQUARE, NW CALGARY, AB, T3R0N7, CANADA |
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Telephone: |
(403) 819 9759 |
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Fax: |
- |
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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: |
Saeed Ahmad - President & Board
Member |
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Staff: |
2 |
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Activity: |
SIC Code
4581, Airports, Flying Fields, and Airport Terminal Services NAICS Code 488190, Other Support Activities for Air
Transportation |
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Banks: |
The company does not disclose its
banking details. |
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History: |
The company was founded in 2009. |
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PRINCIPAL
ACTIVITY
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Aviation MRO Canada Inc. is dedicated to
the wholesale of Aviation Related Products. |
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Products/Services description: |
The company retails avionic engines, accessories,
instruments, electrical components, ground support equipment, tools, spare
parts, raw materials, chemicals, aircraft manufacturing consumables. |
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Brands: |
The company does not have any brands of
its own. |
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Sales are: |
Retail |
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Clients: |
Airports |
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Suppliers: |
NA |
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Operations area: |
National |
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The company imports from |
No import found. |
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The company exports to |
No export records found. |
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The subject employs |
2 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
4 SHERWOOD SQUARE, NW CALGARY, AB, T3R0N7, 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. We were not able to confirm major holders. |
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Management: |
Saeed Ahmad - President & Board
Member Tanveer Ahmad - Director |
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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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Revenue |
360.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
AVIATION MRO Retail store services featuring aviation
related products, namely, avionic engines, accessories, instruments,
electrical… Owned by: Aviation MRO Canada Inc. Serial Number: 87193749 |
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RENEWAL HISTORY |
No records found. |
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UCC |
No records found. |
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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 2009, Aviation MRO Canada
Inc. is an organization in the Other Support Activities for Air
Transportation Industry headquartered in Calgary, Alberta, Canada. The company has 2 regular employees and
generates an estimated $360.000 USD in annual revenue. The company operates nationally. It is
ACTIVE in business with no negative records. |
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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 |
- |
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POSITION |
- |
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COMMENTS |
The person contacted was reluctant to
provide any information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.93 |
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1 |
INR 91.50 |
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Euro |
1 |
INR 79.69 |
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CAD |
1 |
INR 51.48 |
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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VAR |
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Report Prepared
by : |
TRU |
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
SC’s 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
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Promoters
/ Management background
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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.