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MIRA
INFORM REPORT
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Report No. : |
491355 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GELDA SCIENTIFIC & INDUSTRIAL DEVELOPMENT CORPORATION |
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Registered Office : |
6320 Northwest Drive, Mississauga, Ontario L4V 1J7 |
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Country : |
Canada |
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Date of Incorporation : |
1978 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject manufactures, imports and distributes food items |
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No. of Employees : |
30 |
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 : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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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Order: |
Gelda Foods (The name given in the order is the company`s trade name. Gelda Foods
is a division of Gelda Scientific & Industrial Development Corporation.). |
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Address in the order: |
6320 North West Drive Mississauga On L4V1J7 |
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Legal Name: |
Gelda Scientific & Industrial Development Corporation |
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Trade Names: |
GELDA FOODS GELDA SCIENTIFIC |
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ID: |
100410-A |
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Date Created: |
1978 |
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Date Incorporated: |
1978 |
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Legal Address: |
6320 Northwest Drive, Mississauga, Ontario L4V 1J7, Canada |
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Operative Address: |
6320 Northwest Drive, Mississauga, Ontario L4V 1J7, Canada |
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Telephone: |
(905) 673-9320 |
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Fax: |
(905) 673-8114 |
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Legal Form: |
CORPORATION |
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Email: |
anu@gelda.com kesh@gelda.com |
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Registered in: |
CANADA |
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Website: |
www.food.gelda.com |
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Contact: |
KESH GELDA - President |
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Staff: |
30 |
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Activity: |
NAICS 1: Research and Development in the Physical, Engineering, and
Life Sciences (except Biotechnology) SIC 1: Commercial Research Laboratory |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1978. |
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PRINCIPAL ACTIVITY |
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Gelda Foods manufactures imports and distributes food items. |
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Products/Services description: |
Gelda foods product line includes: Basmati Rice, flour, spices, Mango
Puree, Frozen vegetables, Parathas, Ready to eat dinner Entrees, Tropical
Juices, Butter Ghee, Vegetarian Cheeses ( Rennet and Pepsin Free), Paneer,
Roasted Cashews, Specialty Ice Creams - Kulfis, Flat Breads, Somosas, Rotis,
Egg-free cookies, Tea Rusk, Pound Cake, canned goods and many more. |
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Brands: |
GELDA , CASABLANCA CLASSICS, Desi-licious, DIVYA, NOOR, BABA, Maggi,
Shan, BOMBAYWALLA, INDIA`S FINEST COUNTRY MASALA, ARJUN, Pillsbury, Kohinoor
Foods Limited, PARLE, KATARIA, Apna taste, Royal delight, GIRNAR, Chiko,
Gits, Kurkure, Rooh Afza, Gold Seal, NESTLE, A-One, LAL QILLA, SHALINI, TATA
TEA, MDH, MIRA, LU, Surati and KARRARA. |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Apis India Limited Taste L Fine Food Private Limited Parle Products Pvt. Ltd. M.R Overseas Pvt Ltd |
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Operations area: |
National |
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The company imports from |
INDIA |
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The subject employs |
30 employees |
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Payments: |
Slow but correct |
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LOCATION |
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Headquarters : |
6320 Northwest Drive, Mississauga, Ontario L4V 1J7, 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 is: KESH GELDA |
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Management: |
KESH GELDA – President ANURADHA GELDA |
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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 |
1.783.000 |
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Cash flow |
Normal |
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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 |
DR. GELDA'S nutritional supplements, namely, tablets, capsules and bars containing
one or more of - bifidus bacterium, herbs and lactase… Owned by: GELDA SCIENTIFIC AND INDUSTRIAL DEVELOPMENT CORPORATION Serial Number: 75238600 CASABLANCA (Based on 44(e)) Prepared Indian food entrees consisting primarily of
beans or peas; prepared Indian Food entrees consisting… Owned by: GELDA SCIENTIFIC AND INDUSTRIAL DEVELOPMENT CORPORATION Serial Number: 77653793 NOOR Rice Owned by: GELDA SCIENTIFIC AND INDUSTRIAL DEVELOPMENT CORPORATION Serial Number: 77791257 GURU Dairy products, namely, cheese, butter ghee, ice cream and yogurt Owned by: GELDA SCIENTIFIC AND INDUSTRIAL DEVELOPMENT CORPORATION Serial Number: 85051816 |
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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 1987, Gelda Scientific & Industrial Development
Corporation is a mid-sized organization in the commercial physical research
companies industry located in Mississauga, Canada. It has approximately 30 full-time employees and generates an estimated
$1.7 million in annual revenue. The company operates nationally, mainly importing from India. It is
ACTIVE in business with medium credit risk. |
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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 |
Anshoom |
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POSITION |
Operator |
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COMMENTS |
He 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.13 |
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1 |
INR 89.17 |
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Euro |
1 |
INR 79.39 |
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CAD |
1 |
INR 51.25 |
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 : |
SYL |
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
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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.