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MIRA
INFORM REPORT
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Report No. : |
490831 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
FRITZ MARKETING INC |
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Registered Office : |
1547 Hurontario Street, Mississauga, ON L5G 3H7 |
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Country : |
Canada |
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Date of Incorporation : |
1985 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in manufactures
polypropylene products |
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No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs 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 : |
Small company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Exist |
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 worlds 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 worlds 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 Canadas 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: |
FRITZ MARKETING INC |
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Trade Names: |
FRITZ MARKETING INC |
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ID: |
NA |
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Date Created: |
1985 |
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Date Incorporated: |
1985 |
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Legal Address: |
1547 Hurontario Street Mississauga, ON L5G 3H7 Canada |
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Operative Address: |
1547 Hurontario Street Mississauga, ON L5G 3H7 Canada |
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Telephone: |
905-271-9663 |
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Fax: |
905-271-0376 |
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Legal Form: |
CORPORATION |
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Email: |
fritzmkg@idirect.com |
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Registered in: |
CANADA |
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Website: |
www.fritzmarketing.com |
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Contact: |
Raj Chawla Vice President |
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Staff: |
3 |
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Activity: |
NAICS Code 325211 Plastics Material and Resin
Manufacturing |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1985 and is based in Mississauga,
Canada. |
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PRINCIPAL ACTIVITY |
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Fritz Marketing Inc. manufactures polypropylene products. |
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Products/Services description: |
The company offers: SAND BAGS WOVEN POLYPROPYLENE BAGS LAMINATED/COATED WOVEN
POLYPROPYLENE BAGS MESH BAGS (Onion Bags, Potato
Bags, Rachel Bags) BULK BAGS JUMBO BAGS MATTRESS COVERS Fabrics WOVEN POLYPROPYLENE TUBES LUMBER COVER FABRICS (Scrim - White/Black Coated) POLYPROPYLENE MESH FABRICS SILT FENCE/ GROUND COVER/ GEO-TEXTILE FABRICS CONSTRUCTION TARPAULINS SPIRAL TUBES SAFETY FENCE SWIMMING POOL COVERS |
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Brands: |
FRITZ MARKETING |
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Sales are: |
Wholesale |
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Clients: |
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Suppliers: |
Atlantis Products Pvt.Ltd. Ahmedabad Packaging Industries Limited Abdos Polymers Limited Nantong Unipack International Shandong Leihua Plastic Engineering Co., Ltd. Thai Plastic Products Co.,Ltd. |
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Operations area: |
National |
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The company imports from |
INDIA CHINA THAILAND |
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The subject employs |
3 employees |
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Payments: |
Slow but Correct |
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LOCATION |
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Headquarters : |
1547 Hurontario Street Mississauga, ON L5G 3H7 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.
We could not confirm shareholders of the subject. |
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Management: |
Raj Chawla Vice 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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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
R. v. Fritz Marketing Inc., 2006 ONCJ 430 (CanLII) 2006-08-31 Ontario Court of Justice Ontario informant goods invoices warrant search Fritz Marketing Inc. v. Metz, 2015 ONCA 410 (CanLII) 2015-06-09 Court of Appeal for Ontario Ontario companies bags invoices motion agreed to be
personally liable Fritz Marketing Inc. v. Canada, 2008 FC 703 (CanLII) 2008-06-05 Federal Court Canada (Federal) seized documents search evidence warrant Fritz Marketing Inc. v. Canada, [2009] 4 FCR 314, 2009 FCA
62 (CanLII) 2009-03-03 Federal Court of Appeal Canada (Federal) detailed adjustment statements imported goods enacted
set aside value for duty R. v. Fritz Marketing Inc., 2007 CanLII 27024 (ON SC) 2007-07-11 Superior Court of Justice Ontario customs inherent jurisdiction search officials
freight Fritz Marketing Inc. v. Canada (Border Services), 2006
CanLII 54092 (CA CITT)
2006-11-02 Canadian International Trade Tribunal Canada (Federal) polypropylene classified under tariff item sheets
plastics notices Fritz Marketing Inc. v. Canada Border Services Agency,
2010 CanLII 38691 (CA CITT)
2010-05-10 Canadian International Trade Tribunal Canada (Federal) goods ocean freight importations invoices value
for duty |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
No records found. |
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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 1985, Fritz Marketing Inc. is a small
organization in the Plastics Material and Resin Manufacturing Industry
headquartered in Mississauga, Ontario. The company has 3 regular employees. It operates
nationally, mainly importing from India, China and Thailand. 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. |
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 |
- |
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POSITION |
- |
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COMMENTS |
The person contacted was reluctant to provide any
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.16 |
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1 |
INR 89.19 |
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Euro |
1 |
INR 78.75 |
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CAD |
1 |
INR 51.08 |
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
SCs 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
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Litigation
against the subject
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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.