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MIRA INFORM REPORT
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Report No. : |
504618 |
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Report Date : |
23.04.2018 |
IDENTIFICATION DETAILS
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Name : |
3532534 CANADA LIMITÉE |
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Registered Office : |
675 Montée De Liesse, Montréal (Québec) H4T1P5 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
12.02.1998 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Wholesalers of Women's, Children's, and Infants' Clothing and Accessories. |
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No. of Employees : |
15 |
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: |
3532534 CANADA LIMITÉE |
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Trade Names: |
3532534 CANADA LIMITÉE |
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ID: |
1148181580 |
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Date Created: |
1998 |
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Date Incorporated: |
1998-12-02 |
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Legal Address: |
675 montée de Liesse Montréal (Québec) H4T1P5 Canada |
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Operative Address: |
675 montée de Liesse Montréal (Québec) H4T1P5 Canada |
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Telephone: |
(514) 384-9996 (807) 345-5111 |
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Fax: |
- |
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Legal Form: |
Joint stock company or company |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
www.streetlegalclothing.com |
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Contact: |
VINOD VERMA - President |
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Staff: |
15 |
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Activity: |
NAICS code 424330 - Women's, Children's, and Infants' Clothing and
Accessories Merchant Wholesalers |
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Banks
The company does not disclose its banking details. |
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History
The company was founded in 1998. |
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Parent Company: |
The company operates as a subsidiary of: 6869483 CANADA INC. 675 montée de Liesse Montréal (Québec) H4T1P5
Canada |
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PRINCIPAL
ACTIVITY
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3532534 CANADA LIMITÉE is dedicated to the wholesale of Women and Men
Apparel. |
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Products/Services description: |
The company offers shirts, jeans, sweaters, pants, blouses, etc. |
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Brands: |
STREET LEGAL CLOTHING |
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Sales are: |
Wholesale |
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Clients: |
Aux Bon Prix Internationalc.A |
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Suppliers: |
Hourtextile Collection Co.,Ltd The Yolk Garments Ltd. Capella Knit Limited Style Creator Ltd Malibagh Dresses Ltd. Union Knitting And Dyeing Ltd. R.V.Merchaising |
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Operations area: |
National and International |
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The company imports from |
CAMBODIA BANGLADESH INDIA |
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The company exports to |
ECUADOR |
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The subject employs |
15 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
675 montée de Liesse Montréal (Québec) H4T1P5 Canada |
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Comments on Address: |
- |
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Branches: |
3532534 Canada Limitée 350 rue de Louvain O bureau 316 Montréal, QC, H2N 2E8 Canada |
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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 operates as a subsidiary of: 6869483 CANADA INC. 675 montée de Liesse Montréal (Québec) H4T1P5
Canada |
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Management: |
VINOD VERMA - President |
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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 |
2.350.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
No found. |
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RENEWAL HISTORY |
Type of document Date of filing ANNUAL UPDATE DECLARATION 2017 2018-02-01 2016 ANNUAL UPDATE DECLARATION 2017-02-09 2015 ANNUAL UPDATE STATEMENT 2016-08-04 Current update statement 2016-01-12 2014 ANNUAL UPDATE STATEMENT 2015-05-26 2013 ANNUAL UPDATE STATEMENT 2014-03-14 ANNUAL UPDATE STATEMENT 2012 2013-08-19 2011 Annual Return 2012-07-03 Current Update Statement 2012-02-20 Annual Return 2010 2011-06-28 Statement and Information Return 2009 2010-07-13 Amending Declaration 2010-05-20 Amending Declaration 2009-08-24 Statement and Information Return 2008 2009-07-09 Statement and Information Return 2007 2008-07-10 |
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UCC |
No found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
Founded in 1998, 3532534 CANADA LIMITÉE is an organization in the
Women's, Children's, and Infants' Clothing and Accessories Merchant
Wholesalers Industry headquartered in Canada. The company has 15 regular employees and generates an estimated $2.3
million USD in annual revenue. The company operates nationally and internationally, mainly exporting
to Ecuador. 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 |
VINOD VERMA |
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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 also confirmed the company`s import and export history. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.02 |
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1 |
INR 92.73 |
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Euro |
1 |
INR 81.46 |
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CAD |
1 |
INR 51.86 |
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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PRI |
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Report Prepared
by : |
NIT |
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
·
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.