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MIRA
INFORM REPORT
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Report No. : |
490382 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
G SOURCE INC. |
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Registered Office : |
233 av. Brien, Laval (Québec) H7N3M6 |
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Country : |
Canada |
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Date of Incorporation : |
16.11.2017 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is engaged in Import and wholesale distribution of
Apparel. |
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No. of Employees : |
1 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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: |
G Source Inc. |
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Trade Names: |
G Source Inc. |
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ID: |
1173231854 |
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Date Created: |
2017 |
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Date Incorporated: |
2017-11-16 |
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Legal Address: |
233 av. Brien Laval (Québec) H7N3M6 Canada |
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Operative Address: |
233 av. Brien Laval (Québec) H7N3M6 Canada |
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Telephone: |
NA |
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Fax: |
NA |
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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: |
The company does not have a website. |
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Contact: |
Yannick Beaudoin - President |
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Staff: |
1 |
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Activity: |
NAICS Code 4243 Apparel, Piece Goods, and Notions Merchant
Wholesalers |
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Banks: |
The company does not disclose its banking information. |
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History: |
The company was founded in 2017. |
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PRINCIPAL ACTIVITY |
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G Source Inc. is dedicated to the import and wholesale
distribution of apparel. |
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Products/Services description: |
The company offers imported apparel. |
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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: |
NA |
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Operations area: |
National |
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The subject employs |
1 employee |
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Payments: |
Unknown |
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LOCATION |
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Headquarters : |
233 av. Brien Laval (Québec) H7N3M6 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: |
This is a private company. The major holder of this
company is: 233 av. Brien Laval (Québec) H7N3M6 Canada |
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Management: |
Yannick Beaudoin - President |
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FINANCIAL INFORMATION |
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The company does not make its
financial statements public. Despite our long search, we
were not able to confirm financial figures for the subject. |
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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 |
No records found. |
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RENEWAL HISTORY |
Type of document Date of filing Initial declaration 2017-11-16 Certificate of Incorporation 2017-11-16 |
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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 2017, G Source Inc. is a small organization in
the Apparel, Piece Goods, and Notions Merchant Wholesalers Industry
headquartered in Montreal, Quebec. It has 1 regular employee. The company operates
nationally. It is ACTIVE in business with no negative records. The company shows low commercial profile, not being listed
with yellow pages or major credit bureaus. Considering company’s short experience in business, we
suggest working with guarantees and monitoring the subject for the following
12 months. |
RISK INFORMATION |
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DEBTS |
NA |
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PAYMENTS |
Unknown |
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CASH
FLOW |
NA |
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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 |
Due to the company`s low commercial profile, we were not
able to find a telephone number for it. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.72 |
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1 |
INR 89.72 |
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Euro |
1 |
INR 79.52 |
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CAD |
1 |
INR 51.26 |
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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PRA |
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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
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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.