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MIRA INFORM REPORT
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Report No. : |
483278 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BALCORP LIMITED |
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Registered Office : |
4103 Sherbrooke Street West, Montreal, H3z 1a7, Qc, Ca |
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Country : |
Canada |
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Date of Incorporation : |
20.08.1976 |
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Legal Form : |
Non-distributing corporation with 50 or fewer shareholders |
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Line of Business : |
Subject is a full-service trading house offering international business
development, trade and marketing services. |
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No. of Employees : |
10 |
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 : |
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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Legal Name: |
BALCORP LIMITED |
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Trade Name: |
BALCORP LIMITED |
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ID: |
0155101 |
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Date Created: |
1976 |
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Date Incorporated: |
20 August 1976 |
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Legal Address: |
The legal address is not provided by the public of Quebec. |
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Operative Address: |
4103 SHERBROOKE STREET WEST MONTREAL H3Z 1A7 QC CA |
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Telephone: |
1-5149390909 |
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Fax: |
1-5149390777 |
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Legal Form: |
Non-distributing corporation with 50 or fewer shareholders |
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Email: |
info@balcorp.ca |
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Registered in: |
CANADA |
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Website: |
www.balcorp.com |
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Contact: |
Baljit S. Chadha |
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Staff: |
10 |
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Activity: |
Wholesale Sector Industry Food Wholesalers Industry |
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Banks
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The company does not make its banking data public |
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History
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The company was founded in 1976. |
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Key Developments: |
Balcorp is a member of the following associations: Canada India Business Council (CIBC) World Trade Centre Montreal Board of Trade of Metropolitan Montreal Quebec Association of Export Trading House (AMCEQ) Indo-Canada Chamber of Commerce. |
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Parent Company: |
The company operates as a subsidiary of: Groupe Balcorp Limitée 4103 Rue Sherbrooke O Canada |
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PRINCIPAL
ACTIVITY
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Balcorp is a full-service trading house offering international business
development, trade and marketing services. |
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Products/Services description: |
Depending on the requirements of the specific situation Balcorp can
act as a representative/agent, a principal/merchant, an equity participant or
any combination thereof. |
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Brands: |
The company does not have any brands. |
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Sales are: |
Wholesale |
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Clients: |
Private companies |
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Suppliers: |
Ferreira Ind. Comercio E Exportacao Ltda RESIBRAS CIA. BRASILEIRA DE RESINAS |
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Operations area: |
National and International |
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The company imports from |
BRAZIL |
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The company exports to |
South Asia and North America |
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The subject employs |
10 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
4103 SHERBROOKE STREET WEST MONTREAL H3Z 1A7 QC CA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
BALCORP (INDIA) PRIVATE LIMITED 921 Maker Chambers, V Nariman Point Mumbai, Maharashtra, 400021 India null † |
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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 operates as a subsidiary of: Groupe Balcorp Limitée 4103 Rue Sherbrooke O Canada |
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Management: |
Stephen Meltzer – Director Baljit S. Chadha - President & Board Member |
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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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CAD 2015 |
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Revenue |
$2.741.000
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
No records found. |
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SUMMARY
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Founded in 1976, Balcorp Limitée is a small organization in the confectionery
companies industry located in Westmount, Canada. It has approximately 10 full-time employees and generates an estimated
$2.7 million in annual revenue. The company mainly imports from Brazil. It operates nationally and internationally. It is ACTIVE in business with no negative records. |
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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 |
- |
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POSITION |
- |
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COMMENTS |
The person contacted was reluctant to give information |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.93 |
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1 |
INR 86.06 |
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Euro |
1 |
INR 76.39 |
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CAD |
1 |
INR 50.71 |
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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VAR |
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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
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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.