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MIRA INFORM REPORT
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Report No. : |
483344 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
OGO FIBERS INC |
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Registered Office : |
9140 Leslie St Suite 312, Richmond Hill, L4B 0A9 |
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Country : |
Canada |
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Date of Incorporation : |
2000 |
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Legal Form : |
Corporation |
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Line of Business : |
The Company's line of business includes the assembling, breaking up,
sorting, and wholesale distribution of scrap and waste materials. |
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No. of Employees : |
45 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs 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 worlds 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 worlds 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 Canadas 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: |
OGO FIBERS INC |
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Trade Names: |
OGO FIBERS INC |
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ID: |
NA |
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Date Created: |
2000 |
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Date Incorporated: |
2000 |
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Legal Address: |
9140 Leslie St Suite 312 Richmond Hill, L4B 0A9 Canada |
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Operative Address: |
9140 Leslie St Suite 312 Richmond Hill, L4B 0A9 Canada |
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Telephone: |
905-762-9300 |
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Fax: |
905-762-9305 |
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Legal Form: |
CORPORATION |
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Email: |
SALES@OGOFIBERS.COM |
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Registered in: |
CANADA |
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Website: |
www.ogofibers.com |
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Contact: |
William Wu - President |
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Staff: |
45 |
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Activity: |
NAICS 1: Recyclable Material Merchant Wholesalers SIC 1: Waste Paper |
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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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Ogo Fibers Inc was founded in 2000. |
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PRINCIPAL
ACTIVITY
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The Company's line of business includes the assembling, breaking up, sorting,
and wholesale distribution of scrap and waste materials. |
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Products/Services description: |
It is dedicated to the import and export business of Waste paper, Job
Lot paper and Primary paper. |
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Brands: |
OGO FIBERS |
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Sales are: |
Wholesale |
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Clients: |
Pt. Fajar Surya Wisesa Tbk Shandong Huatai Paper Guangzhou Paper Co Ltd Zhejiang Wenfeng Paper Co., Ltd. Hangzhou Fuyang Wanhua Paper Co., Jiangsu Xinhua Media Investment P And M Korea Corp. |
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Suppliers: |
Nulife Recycling Ltd |
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Operations area: |
National and International |
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The company imports from |
JAMAICA |
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The company exports to |
INDONESIA CHINA KOREA |
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The subject employs |
45 employees |
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Payments: |
No complaints |
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LOCATION
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Headquarters : |
9140 Leslie St Suite 312 Richmond Hill, L4B 0A9 Canada |
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Comments on Address: |
- |
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Branches: |
Ogo Fibers Inc Branch Location 7900 Boul Taschereau Brossard, Quebec J4X 1C2 Canada |
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Related Companies: |
OGO FIBERS INDIA PRIVATE LIMITED Flat No-1, Plot No 100, Mangla Building Mumbai, Maharashtra, 400031 India Qingdao Ogo Fibers Inc Room 1805, Block B, No.6, Hongkong (M) Road, Shinan District Qingdao, Shandong 266000 China |
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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: William Wu |
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Management: |
William Wu President Sherry Ning |
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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 |
10.800.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Luan v. OGO Fibers Inc., 2011 CanLII 21567 (ON LRB) 2011-04-19 Ontario Labour Relations Board Ontario adjourns settlement agreement application for review whichever
die 2. Les Fibres J.C. Inc. v. OGO Fibers Inc., 2013 ONSC 6663 (CanLII) 2013-10-28 Superior Court of Justice Ontario motion amount costs endorsement aside 3. Les Fibres J.C. Inc. v. OGO Fibers Inc., 2013 ONSC 5584 (CanLII) 2013-09-09 Superior Court of Justice Ontario defence of set-off set prejudice discovery delay cited by 1 document |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
No records found. |
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UCC |
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 2000, Ogo Fibers Inc is a mid-sized organization in the
scrap and waste material companys industry located in Richmond Hill, Canada.
It has approximately 45 full-time employees and generates an estimated
$10.8 million in annual revenue. The company operates nationally and internationally, mainly importing
from Jamaica. 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 |
Receptionist |
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COMMENTS |
She confirmed the name of the company and the address of the
headquarters. She was reluctant to provide her name or further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.93 |
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1 |
INR 86.07 |
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Euro |
1 |
INR 76.39 |
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CAD |
1 |
INR 50.63 |
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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NIS |
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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
SCs 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
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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.