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MIRA
INFORM REPORT
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Report No. : |
489315 |
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Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
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Name : |
WILLIAM SLOAN |
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Registered Office : |
30718 Zone Road 8, Bothwell,
Ontario, N0P 1C0 |
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Country : |
Canada |
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Date of Incorporation : |
1947 |
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Legal Form : |
Sole Propriertorship |
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Line of Business : |
Subject is a small organization in
the flowers and florists supplies industry |
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No. of Employees : |
40 |
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 : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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: |
William Sloan |
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Trade
Name: |
Sloan's Nursery & Wholesale
Christmas Trees William Sloan's U-cut |
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ID: |
NA |
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Date
Created: |
1947 |
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Date
Incorporated: |
1974 |
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Legal
Address: |
30718 Zone Road 8 Bothwell, Ontario N0P 1C0 Canada |
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Operative
Address: |
30718 Zone Road 8 Bothwell, Ontario N0P 1C0 Canada |
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Telephone:
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519.695.3525 |
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Fax: |
519.695.5728 |
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Legal
Form: |
SOLE PROPRIERTORSHIP |
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Email: |
shane@sloannursery.com |
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Registered
in: |
CANADA |
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Website:
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www.sloannursery.com |
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Contact: |
William Sloan Jr, Owner |
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Staff: |
40 |
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Activity: |
NAICS 1: Flower, Nursery Stock,
and Florists' Supplies Merchant Wholesalers SIC 1: Nursery Stock SIC 2: Christmas Trees,
Including Artificial |
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BANKS: |
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The company does not make its banking data
public |
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HISTORY: |
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The company was founded in 1947 |
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PRINCIPAL ACTIVITY |
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Sloan's Nursery & Wholesale
Christmas Trees is a small organization in the flowers and florists supplies
industry located in Bothwell, Canada. |
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Products/Services description: |
Sloan Nursery & Christmas
Trees is a family owned wholesale nursery in the landscape and Christmas tree
trade. SERVICES: Wholesale Nursery Tree Inventory Tree Directory Wholesale Christmas Trees Retail Nursery Wholesale Nursery William Sloan’s U-cut Fundraisers |
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Brands: |
NA |
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Sales are: |
Wholesale and Retail |
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Clients: |
The company supplies
re-wholesalers, landscape contractors, conservation areas, garden centres,
cities and municipalities with quality field-grown trees. |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject
employs |
40 employees |
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Payments:
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Slow but Correct |
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LOCATION |
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Headquarters
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30718 Zone Road 8 Bothwell, Ontario N0P 1C0 Canada |
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Comments: |
NA |
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Branches: |
The company does not have
branches |
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Main
Competitors |
Canadian Hydrogardens Ltd 1330 Sandhill Dr |
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Related
Companies: |
NA |
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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: |
This is a private company. Major holder is William
Sloan Jr |
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Management: |
Nursery Trees/Shipping/General Info: Travis Van Middelkoop Phone: 519.695.3525 Email:
travis@sloannursery.com Fax:
519.695.5728 Owners Bill Sloan, Shane Sloan and William Sloan Jr Phone: 519.695.3525 Email:
shane@sloannursery.com Christmas Trees/Wreaths: Nicole Newport Phone: 519.695.3525 Email:
nicole@sloannursery.com Bookkeeping: Pam Hamilton Phone: 519.695.2065 Bookkeeping & Advertising: Ted Van Middelkoop Phone: 519.695.2065 Email:
ted@sloannursery.com Maintenance/Field App: Kurt Newport, Art Van Middelkoop Phone: 519.695.5487 Email:
kurt@sloannursery.com
art@sloannursery.com |
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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 |
640,000 |
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Cash
flow |
Normal |
LEGAL FILINGS |
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Cases |
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 1947, Sloan's Nursery & Wholesale
Christmas Trees is a small organization in the flowers and florists supplies
industry located in Bothwell, Canada. The company has 40 full-time employees and generates
an estimated USD 0,637 million in annual revenue. The company supplies re-wholesalers, landscape
contractors, conservation areas, garden centres, cities and municipalities
with quality field-grown trees. The company operates within national markets. |
RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Slow but Correct |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we tried to contact the
company several times, it did not answer, so we could not confirm further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.69 |
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1 |
INR 90.35 |
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Euro |
1 |
INR 79.21 |
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CAD |
1 |
INR 52.00 |
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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NIY |
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Report Prepared
by : |
KET |
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.