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MIRA
INFORM REPORT
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Report No. : |
493568 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ODEM INTERNATIONAL INC |
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Registered Office : |
4000-199 ST
Bay, Commerce Court West W Toronto
Ontario M5L1A9 |
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Country : |
Canada |
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Date of Incorporation : |
1990 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is a trading house
specialized in the import/export of raw bulk honey. |
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No. of Employees : |
11 |
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 : |
No Complaints |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
ODEM
INTERNATIONAL INC |
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Trade Name: |
Odem |
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NEQ: |
1172079536 |
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Date Created: |
1990 |
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Date
Incorporated: |
27.02.1995 |
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Legal Address: |
4000-199 ST
Bay, Commerce Court West W Toronto Ontario
M5L1A9 Canada |
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Operative
Address: |
483 Ch De La
Grande-Côte |
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Telephone: |
450 965-1412 |
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Fax: |
450 965-1425 |
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Legal Form: |
Joint stock company or company |
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Email: |
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Registered in: |
Québec |
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Website: |
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Contact: |
LeBlanc
Daniel, CEO |
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Staff: |
11 |
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Industry: |
419120 -
Wholesale Trade Agents and Brokers 413190 -
Other Specialty-Line Food Wholesaler-Distributors |
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Banks |
Royal Bank of
Canada |
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The company
does not disclose its banking details |
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HISTORY
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The company
was incorporated in 1995 |
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ODEM
INTERNATIONAL INC. Name registered 1990-08-01 |
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PRINCIPAL
ACTIVITY
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Odem is a
trading house specialized in the import/export of raw bulk honey. |
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Products/Services
description: |
Royal Jelly |
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Brands: |
Odem |
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Sales are: |
Wholesale |
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Clients: |
Bulk honey
industries |
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Suppliers: |
NIMELOR S.A. |
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Operations area:
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National |
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The company
imports from |
Austria |
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The company
exports to |
Algeria |
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The subject
employs |
12 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
483 Ch De La
Grande-Côte |
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Branches: |
The company
has one branche in Canada |
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Related
Companies: |
NA |
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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. Shareholder: Adresse 107
DR Walker Brampton Ontario L6T5K5 Canada |
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Management: |
LeBlanc
Daniel A. Lampert Brian Mior Werter Gagnon Élise |
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FINANCIAL
INFORMATION
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The company
does not public its financial statements. The following information has been
provided by our private sources: |
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CAD 2016 |
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Gross Sales |
50 000 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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Patents |
Elyse Gagnon
has filed for patents to protect the following inventions. This listing
includes patent applications that are pending as well as patents that have
already been granted by the United States Patent and Trademark Office
(USPTO). |
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Latest filings |
Simplified
merger CANADA: Canada
Business Corporations Act, R.R.C. (1985), c. C-44 2016-08-01 ODEM
INTERNATIONAL INC. 483 ch. of
the Grande-Côte Rosemère (Quebec) J7A1M1 Canada 1143014562 1172079536 9840265
CANADA INC. 4000-199 ST
Bay, Commerce Court W West Toronto Ontario M5L1A9 Canada |
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SUMMARY
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Odem
International Inc. is a mid-sized company founded in 1990. The company
has a small sized structure with 11 employees and $50 million in annual gross
sales.
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
NA |
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POSITION |
Administrative |
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COMMENTS |
The person
contacted confirmed name, current address, managers and activity. She refused
to confirm further details. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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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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PRA |
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Report Prepared
by : |
TRU |
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
·
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
·
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.