|
|
|
MIRA INFORM REPORT
|
Report No. : |
493984 |
|
Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ATLAS GRANITE INC. |
|
|
|
|
Registered Office : |
8552 - 38A Avenue Edmonton
Alberta T6K 3E5 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Financials (as on) : |
2016 (Summarized) |
|
|
|
|
Date of Incorporation : |
04.12.2009 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Subject is an importer and fabricator of
natural/Engineered stone. |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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: |
ATLAS GRANITE INC. |
|
Trade
Names: |
ATLAS GRANITE INC. |
|
ID: |
AB2015053818 |
|
Date Created: |
2009 |
|
Date Incorporated: |
2009-12-04 |
|
Legal Address: |
8552 - 38A AVENUE EDMONTON ALBERTA T6K 3E5 |
|
Operative Address: |
14225 Yellowhead Trail Edmonton, AB T5L 3C4, Canada |
|
Telephone: |
780-468-3364 |
|
Fax: |
780-468-3365 |
|
Legal Form: |
CORPORATION |
|
Email: |
info@atlasgranite.ca |
|
Registered in: |
CANADA |
|
Website: |
www.atlasgranite.ca |
|
Contact: |
Ricky Nayar – Chief Executive Officer |
|
Staff: |
15 |
|
Activity: |
NAICS 1: Cut Stone and Stone Product
Manufacturing SIC 1: Cut Stone And Stone Products |
|
|
|
|
Banks: |
The company does not disclose its
banking details. |
|
|
|
|
History: |
The company was founded in 2009. |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
Atlas Granite Inc. is an importer and fabricator
of natural/Engineered stone. |
|
|
Products/Services description: |
The company offers Granite, Marble and
Quartz. |
|
Brands: |
ATLAS GRANITE |
|
Sales are: |
Retail |
|
Clients: |
Private Customers |
|
Suppliers: |
Brothers Marmores E Granitos Ltda Brasigran Brasileira De Granitos Ltda Xiamen Boking Import & Export Trade Hilltop Stones Pvt., Ltd. Harjee Exim Pvt., Ltd. |
|
Operations area: |
National |
|
The company imports
from |
BRAZIL CHINA INDIA |
|
The company exports to |
No export records found. |
|
The subject employs |
15 employees |
|
Payments: |
Slow but Correct |
|
|
|
|
|
|
LOCATION
|
|
|
Headquarters : |
14225 Yellowhead Trail Edmonton, AB T5L 3C4, Canada |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found. |
|
Related Companies: |
No related companies were found. |
|
|
|
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information
on shareholders. We were not able to confirm major holders. |
|
Management: |
Ricky Nayar – Chief Executive Officer Harry Nayar – President |
|
|
|
FINANCIAL
INFORMATION
|
|
|
The company does
not make its financial statements public. The following information has been
provided by private sources: |
|
|
|
|
|
USD 2016 |
|
|
Revenue |
100.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
CASES |
No records found. |
|
|
|
|
RENEWAL HISTORY |
Date Document
Type Document Description 2012-06-08 Corporations Revived/Reinstated/Restored -
Status changed to active. Struck-Off The Alberta Register 2012 JUN 02.
Revived 2012 JUN 08 2010-02-03 Company name change from 1505381 ALBERTA LTD.
to ATLAS GRANITE INC. effective 2010 FEB 03 announced in Alberta Gazette 2009-12-04 Alberta Gazette event: Struck-Off The Alberta
Register 2012 JUN 02. Revived
2012 JUN 08.Alberta provincial company registration number: 2015053818. |
|
|
|
|
UCC |
No records found. |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC
list. |
|
|
|
|
|
|
SUMMARY
|
|
|
Atlas Granite Inc is a small
organization in the cut stone and stone products company’s industry located in
Edmonton, Canada. It opened its doors in 2009 and now has
an estimated $100.000 USD in yearly revenue and approximately 15 employees. The company operates nationally, mainly
importing from Brazil, China and India. It is ACTIVE in business with medium
credit risk. |
|
RISK
INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Slow but Correct |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
INTERVIEW
|
|
|
NAME |
Brianne |
|
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 Chief Executive Officer.
She was reluctant to provide financial information. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.66 |
|
|
1 |
INR 90.65 |
|
Euro |
1 |
INR 79.70 |
|
CAD |
1 |
INR 51.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
TRU |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.