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MIRA
INFORM REPORT
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Report No. : |
490804 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
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Name : |
DUTCHMASTER NURSERIES LTD |
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Registered Office : |
3735 Sideline 16 Brougham , Ontario L0H 1A0 |
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Country : |
Canada |
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Date of Incorporation : |
1975 |
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Legal Form : |
Limited Company |
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Line of Business : |
The company's line of business includes the wholesale distribution of
flowers, nursery stock, and florist supplies. |
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No. of Employees : |
100 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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: |
DUTCHMASTER NURSERIES LTD |
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Trade Names: |
DUTCHMASTER NURSERIES LTD. |
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ID: |
NA |
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Date Created: |
1975 |
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Date Incorporated: |
1975 |
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Legal Address: |
3735 Sideline 16 Brougham , Ontario L0H 1A0, Canada |
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Operative Address: |
3735 Sideline 16 Brougham , Ontario L0h 1a0, Canada |
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Telephone: |
(905) 683-8211 |
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Fax: |
(905) 683-3734 |
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Legal Form: |
Limited Company |
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Email: |
sales@dutchmasternurseries.com |
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Registered in: |
CANADA |
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Website: |
www.dutchmasternurseries.com |
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Contact: |
Michael Tillaart – Vice President |
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Staff: |
100 |
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Activity: |
NAICS 1: Flower, Nursery Stock, and Florists' Supplies Merchant
Wholesalers SIC 1: Nursery Stock |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1975. |
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PRINCIPAL ACTIVITY |
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The company's line of business includes the wholesale distribution of
flowers, nursery stock, and florist supplies. |
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Products/Services description: |
The company grooms and supplies large caliper nursery stock. It
carries a wide variety of shrubs, trees and evergreens for use by landscape contractors, municipalities and garden centres. It also
offers all types of Nursery equipment ranging from planters, to tree spades,
to ball handlers. |
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Brands: |
Dutchmaster Nurseries |
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Sales are: |
Wholesale |
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Clients: |
Commercial and industrial landscaping industry. |
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Suppliers: |
Graceduty Company Limited Beijing Korun Technology Co.,Ltd Shenzhen Nursery Materials Surplier Pacific Jute Ltd |
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Operations area: |
National and International |
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The company imports from |
CHINA INDIA |
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The company exports to |
Illinois Maryland Michigan Minnesota North Carolina Ohio Pennsylvania |
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The subject employs |
100 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
3735 Sideline 16 BROUGHAM , Ontario L0H 1A0, 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: |
The company does not disclose information on shareholders. The
following information has been obtained through private sources and could not
be confirmed. Michael Tillaart |
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Management: |
Michael Tillaart – Vice President Marlin Tillaart – Vice President Henry Tillaart – President Frances Tillaart - Treasurer |
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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 |
12.500.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
Vehicle-mounted grapple device Patent number: 6244643 Abstract: A material-handling device is disclosed, particularly for
use as grappling apparatus for the loading and unloading of balled trees and
shrubs in the nursery industry. By providing hydraulically powered rotational
mechanism in the vertical plane coupled to and in front of hydraulically
powered rotational mechanism in the horizontal plane, an arrangement is
provided which is capable of rotating a load by a full 190° about a vertical
axis and tilting the load vertically in a range of about 100°, while
developing greater lifting power and economic advantages over similar
apparatus employing pivot rotary actuators. Type: Grant Filed: April 20, 2000 Date of Patent: June 12, 2001 Assignee: Dutchmaster Nurseries Ltd. Inventor: Marlin Tillaart Tree tyer Patent number: 6981443 Abstract: Apparatus for engaging and folding the limbs of a tree in a
tree baling apparatus features opening and closing by means of concentric
part circular tubes of a frame. When gaps of the nested tubes are in
alignment, a tree trunk can be received within the frame then closed in by
rotating the gaps out of alignment. The closed ring, horizontally engaged
about a tree, is then drawn upwardly deflecting the limbs of the tree into a
folded configuration for tying. No pivot arms are used as in conventional
equipment, avoiding the problems of wear and distortion at pivot linkages. Type: Grant Filed: July 21, 2003 Date of Patent: January 3, 2006 Assignee: Dutchmaster Nurseries Ltd. Inventor: Marlin Tillaart Apparatus for digging and transplating trees Patent number: 5459952 Abstract: Apparatus for digging and transplanting trees and the like
comprises a horizontal frame to which a plurality of sliding spade assemblies
is mounted, each comprising a spade blade, a thrust tube secured to the blade
and a slide housing, also secured to the blade, which surrounds a portion of
the outer surface of the thrust tube. The tower is received within a channel
between the thrust tube and the slide housing, so that the spade assembly may
be reciprocally moved along the tower with the blade supported both inside
and outside the tower for improved stress distribution and durability. The
bearing surfaces of the tower and the slider are provided with linings of
plastic to minimize frictional resistance. Type: Grant Filed: April 11, 1994 Date of Patent: October 24, 1995 Assignee: Dutchmaster Nurseries Ltd. Inventors: Marlin Tillaart, Martien van Denoever |
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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 |
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 1975, Dutchmaster Nurseries Limited is a mid-sized
organization in the flowers and florists supplies industry located in
Brougham, Canada. It has approximately 100 full-time employees and generates an estimated
$12.9 million in annual revenue. The company operates nationally, mainly importing from India and
China. 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 |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Moira |
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POSITION |
Secretary |
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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 Contact name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.14 |
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1 |
INR 89.50 |
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Euro |
1 |
INR 79.43 |
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CAD |
1 |
INR 51.09 |
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 : |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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Industry
scenario / competitor analysis
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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.