MIRA INFORM REPORT

Report No. :	491346
Report Date :	12.02.2018

IDENTIFICATION DETAILS

Name :	DAN-D FOODS LTD.,
Registered Office :	11760 Machrina Way, Richmond, BC V7A 4V1
Country :	Canada
Year of Establishment :	1989
Legal Form :	Corporation
Line of Business :	Manufactures and Distributes of Food Products.
No. of Employees :	65

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Regular
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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION
Legal Name:	Dan-D Foods Ltd.,
Trade Names:	Dan-D Foods Ltd., DAN HYPHEN D
ID:	BC0769543
Date Created:	1989
Date Incorporated:	1989
Legal Address:	11760 Machrina Way, Richmond, BC V7A 4V1 Canada
Operative Address:	11760 Machrina Way, Richmond, BC V7A 4V1 Canada
Telephone:	604 274 3263
Fax:	604 274 3268
Legal Form:	CORPORATION
Email:	info@dan-d-pak.com
Registered in:	CANADA
Website:	www.dan-d-pak.com
Contact:	Mr. Dan On - Founder and President
Staff:	65
Activity:	NAICS 1: General Line Grocery Merchant Wholesalers SIC 1: Groceries, General Line
Banks The company does not disclose its banking details.
History The company was founded in 1989 and is based in Richmond, Canada. Dan-D Foods Ltd. was formerly known as Dan On & Associates Limited and changed its name to Dan-D Foods Ltd. in 1999.
PRINCIPAL ACTIVITY
Dan-D Foods Ltd. manufactures and distributes food products.
Products/Services description:	It offers vegetable chips, baking supplies, beans, peas and lentils, cereals, confectionery, dried fruits, grains, raw and roasted nuts and seeds, snacks, spices, spreads, and trail mixes; and confectionary products, drink mixes, raw and roasted nuts, raw and roasted beans, lentils and peas, raw and roasted seeds, soy products, herbs and seasonings, sugar and syrup products, oats, fruit and nut muesli, granola, honey raisins, buckwheat flour, rice flour, kamut flour, white flour, and spelt pancake mixes. The company also provides cranberry and blueberry pancakes, pancake and waffle mixes, buttermilk pancake, Szechuan pepper peanuts, gingerbreads, and cranberry pecan cookie mixes; and seasonal products, which include cherries, fruit glace mixes, mincemeat, mixed peel, orange and lemon, pineapple wedges, regular glace mixes, royal glace mixes, and chocolate squares.
Brands:	DAN-D
Sales are:	Wholesale
Clients:	Dan On Foods Co., Ltd. Bright Overseas Food Limited Eurotran Expo Services Co Ltd
Suppliers:	Heilongjiang Hengyuan Food Co Ltd Qingdao Deli Trade Co., Ltd. Suzhou Hongchang Packing Material Limited Company Ishida Co.,ltd
Operations area:	National and International
The company imports from	CHINA JAPAN
The company exports to	VIETNAM HONG KONG TAIWAN
The subject employs	65 employees
Payments:	Regular
LOCATION
Headquarters :	11760 Machrina Way, Richmond, BC V7A 4V1 Canada
Comments on Address:	-
Branches:	Dan-D Foods (Toronto) Corp. 45 Basaltic Drive, Unit #5 Vaughan, ON L4K 1G5 Canada
Related Companies:	Dan-D-Pak 2628 South Cherry Avenue Fresno, CA 93706 USA Dan-D Foods HK Limited Unit 301, 3/F, Hung To Center 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong Dan-D Foods Ltd. Representative Office 1801 Huan Hai Mansion 2 Dong Hai Middle Road Qingdao, 266071 China Dan On Foods Co., Ltd. Processing An My Hamlet, An Dien Commune Ben Cat Dist., Binh Duong, Vietnam
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed. This is a private company. The major holder is: Mr. Dan On
Management:	Mr. Dan On - Founder and President
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	7.990.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No records found.
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	CASHEW FARM bean based snack foods, candied fruit, candied nuts, cereals, cereal based snack foods, dried beans, dried fruit, dried… Owned by: DAN ON & ASSOCIATES LTD. Serial Number: 77269967 DAN-D-ORGANIC candied fruit, candied nuts, cereals, dried beans, dried fruit, dried peas, dried soy beans, edible nuts and seeds, fruit… Owned by: DAN ON & ASSOCIATES LTD. Serial Number: 77269979 DAN·D·PAK Candied fruit, candied nuts, dried beans, dried fruit, dried milk, dried peas, lentils, powdered milk, soup mixes, snack… Owned by: DAN ON & ASSOCIATES LTD. Serial Number: 77269991
RENEWAL HISTORY	No records found.
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Founded in 1989, Dan-D Foods Ltd is a mid-sized organization in the grocer’s wholesale company’s industry located in Richmond, Canada. It has approximately 65 full-time employees and generates an estimated 7.9 million in annual revenue. The company operates nationally and internationally, mainly importing from China and Japan. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Margaret
POSITION	Sales
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 name of the President.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.37
UK Pound	1	INR 89.71
Euro	1	INR 78.89
CAD	1	INR 51.15

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.