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MIRA INFORM REPORT
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Report No. : |
489712 |
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Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
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Name : |
PRICE & BUCKLAND
CANADA INC. |
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Registered Office : |
476 AV. Fenton, Mont-Royal
(Québec) H3P1J4 |
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Country : |
Canada |
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Date of Incorporation : |
28.01.2016 |
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Legal Form : |
Société Par Actions Ou
Compagnie |
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Line of Business : |
Subject Operates as a School
Uniform and Sportswear Manufacturer |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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: |
PRICE & BUCKLAND CANADA
INC. |
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Trade
Name: |
PRICE & BUCKLAND CANADA
INC. |
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Reg. Number: |
1172622681 |
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Date Created: |
2016 |
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Date Incorporated: |
2016-01-28 |
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Legal Address: |
476 AV. Fenton Mont-Royal (Québec) H3P1J4 Canada |
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Operative Address: |
476 AV. Fenton Mont-Royal (Québec) H3P1J4 Canada |
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Telephone:
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1-514-592-1199 |
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Fax: |
NA |
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Legal
Form: |
Société Par Actions Ou
Compagnie |
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Email: |
info@priceandbucklandca.com |
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Registered
in: |
QUEBEC |
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Website:
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www.price-buckland.ca |
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Contact: |
Archit Sud, President |
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Staff: |
4 |
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Activity: |
Economic Activity Code (EAC) 2454 Activity: Children's clothing
industry Details (optional): Making
school uniforms |
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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 incorporated in 2016. |
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PRINCIPAL
ACTIVITY
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Price & Buckland operates as a school uniform and sportswear
manufacturer |
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Products/Services description: |
Children's clothing industry Making school uniforms |
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Brands: |
Price & Buckland |
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Sales are: |
Wholesale |
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Clients: |
School Uniform retailers |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject
employs |
4 employees |
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Payments:
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Unknown |
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LOCATION
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Headquarters
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476 av. Fenton Mont-Royal (Québec) H3P1J4 Canada |
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Comments: |
NA |
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Branches: |
No records found |
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Related
Companies: |
Price & Buckland India Pvt
Ltd A-22, Hoisery Complex Phase - II Noida 201305 PRICE & BUCKLAND LIMITED Benneworth Close, Hucknall, Nottingham,
NG15 6EL UK |
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: |
Naveen Thapliyal B-133 Sector 52 Noida 201301 India Buckland Anthony James The cottage, Epperstone Main street Nottingham
NG146AU United Kingdom Buckland Nicholas John The cottage, Epperstone Main street Nottingham
NG146AU United Kingdom |
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Management: |
Archit Sud, President 109-3300 boul. Cavendish Montréal (Québec) H4B2M8 Canada Naveen Thapliyal, Administrator B-133 Sector 52 Noida 201301 India Buckland Anthony James, Administrator The cottage, Main street Epperstone Nottingham
NG146AU United Kingdom Buckland Nicholas John, Administrator The cottage, Main street Epperstone Nottingham
NG146AU United Kingdom |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. Despite our long search, we could not confirm financial
information about the company. |
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LEGAL
FILINGS
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Dates of updates Date of update of the
information status 2018-01-05 Date of the last annual update
report No annual update report has been filed to date. End date of the production
period of the 2018 annual update statement 2018-07-28 |
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Cases |
No records found |
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SUMMARY
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The company is incorporated in
QUEBEC. It is dedicated to the sale of children’s clothes. However, there are no
commercial details on the subject; it is not listed with yellow pages or
major credit bureaus. Considering company´s low
commercial profile and short experience in the market; we suggest working
with medium credit line and monitoring its progress for the following 12
months. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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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 |
We called the company several times
without receiving response. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.27 |
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1 |
INR 89.72 |
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Euro |
1 |
INR 79.52 |
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CAD |
1 |
INR 51.28 |
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 : |
TPT |
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.