MIRA INFORM REPORT

Report No. :	503028
Report Date :	14.04.2018

IDENTIFICATION DETAILS

Name :	CORONA JEWELLERY COMPANY LTD.
Formerly Known As :	EVERTRU JEWELLERY CO. LIMITED
Registered Office :	#1000 - 400 - 3rd Avenue Sw, Calgary, Alberta, T2p 4h2
Country :	Canada
Financials (as on) :	2016
Date of Incorporation :	1959
Legal Form :	Corporation
Line of Business :	The company offers offer a full range of gold and platinum rings, necklaces, bracelets, earrings and pendants, set with diamonds and other precious stones, including ruby, sapphire and emerald.
No. of Employees :	60

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Exist

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION
Order:	Corona Jewellery Company Dear Sirs, The legal type of the company is LTD-LIMITED
Address in the order:	16 Ripley Avenue Toronto Ontario Canada M6S 3N9
Legal Name:	CORONA JEWELLERY COMPANY LTD.
Trade Names:	Corona Jewellery Company Ltd.
ID:	AB2113816082
Date Created:	1959
Date Incorporated:	2008-02-20
Legal Address:	#1000 - 400 - 3RD AVENUE SW CALGARY ALBERTA T2P 4H2
Operative Address:	16 Ripley Avenue Toronto Ontario Canada M6S 3P1 Canada
Telephone:	(416) 762-2222
Fax:	-
Legal Form:	CORPORATION
Email:	-
Registered in:	CANADA
Website:	www.coronajewellery.com
Contact:	John Minister - President
Staff:	60
Activity:	SIC Code 5094 Jewelry, Watches, Precious Stones, and Precious Metals
Banks
The company does not disclose its banking details.
History
Corona Jewellery is a third generation family business established in 1959. The company was founded by Albert Minister, who passed away in 2015.
Previous Names EVERTRU JEWELLERY CO. LIMITED 2008-02-20
PRINCIPAL ACTIVITY
Corona Jewellery Company Ltd. is a jewellery manufacturer.
Products/Services description:	The company offers offer a full range of gold and platinum rings, necklaces, bracelets, earrings and pendants, set with diamonds and other precious stones, including ruby, sapphire and emerald.
Brands:	Corona Jewellery
Sales are:	Wholesale
Clients:	Saromi Mexicanas De Rl De Cv
Suppliers:	Elegante Arts Packaging Co Ltd
Operations area:	National and International
The company imports from	CHINA
The company exports to	MEXICO
The subject employs	60 employees
Payments:	No complaints
LOCATION
Headquarters :	16 Ripley Avenue Toronto Ontario Canada M6S 3P1 Canada
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. The following information has been provided by private sources and could not be confirmed: The major holder of this company is: John Minister
Management:	John Minister - President Carl Morawetz
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	6.240.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No found.
GOVERNMENT CONTRACTS	No records found.
CASES	Blake, Cassels & Graydon LLP v. Corona Jewellery Company Ltd., 2010 TMOB 135 (CanLII) — 2010-08-25 Trade-marks Opposition Board — Canada (Federal) wares — trade-mark — jewellery — association — brochure Corona Jewellery Company Ltd. v Beverly Hills Jewellers Mfg Ltd., 2017 TMOB 88 (CanLII) — 2017-07-31 Trade-marks Opposition Board — Canada (Federal) jewellery — mark — marks — gold — maple leaf design
TRADEMARKS	CIRCLE OF LOVE Jewelry Owned by: Corona Jewellery Company Ltd. Serial Number: 77122611 Image Trademark Jewelery; gold Owned by: Corona Jewellery Company Ltd. Serial Number: 77525135 150 Jewelry; diamonds Owned by: Corona Jewelry Company Ltd. Serial Number: 87491113
RENEWAL HISTORY	No records found.
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Founded in 1959, Corona Jewellery Company Ltd is an organization in the Jewelry, Watches, Precious Stones, and Precious Metals Industry headquartered in Toronto, Ontario. The company has 60 regular employees and generates an estimated $6.2 million USD in annual revenue. The company operates nationally and internationally, mainly exporting to Mexico. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Sally
POSITION	Executive Assistant
COMMENTS	She confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the President.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.22
UK Pound	1	INR 92.77
Euro	1	INR 80.34
CAD	1	INR 51.68

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.