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MIRA INFORM REPORT
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Report No. : |
483792 |
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Report Date : |
05.01.2018 |
IDENTIFICATION DETAILS
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Name : |
BLOOM GLOBAL FOODS INC. |
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Registered Office : |
46 Mediterranean Cres, Brampton ON L6Y 0T3 |
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Country : |
Canada |
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Date of Incorporation : |
20.03.2012 |
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Legal Form : |
Corporation |
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Line of Business : |
· Other Grocery and Related Products Merchant Wholesalers · Natural and Organic Foods |
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No. of Employees : |
5 |
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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Legal Name: |
Bloom Global Foods Inc. |
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Trade Name: |
Bloom Global Foods Inc. |
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ID: |
CA8145172 |
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Date Created: |
2012 |
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Date Incorporated: |
20-Mar-2012 |
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Legal Address: |
46 Mediterranean Cres Brampton ON L6Y 0T3 Canada |
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Operative Address: |
46 Mediterranean Cres Brampton, Ontario L6Y 0T3 Canada |
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Telephone: |
1-8-555-BAZAAR (1-855-522-9227) 905-567-8885 |
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Fax: |
905-567-8885 |
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Legal Form: |
CORPORATION |
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Email: |
info@bloomorganicbazaar.com |
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Registered in: |
CANADA |
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Website: |
www.organicbazaar.ca |
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Contact: |
ANITA KALRA |
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Staff: |
5 |
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Activity: |
NAICS 1: Other Grocery and Related Products Merchant Wholesalers SIC 1: Natural And Organic Foods |
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Banks
The company does not make its banking data public |
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History
The company changed its name 3 times. On Tuesday 20th March 2012 the
name changed to Sampurna Foods Inc. On Wednesday 12th February 2014 the name
changed to A&S Organic Bazaar Inc. On Friday 10th October 2014 the name
changed to Bloom Organic Bazar (Canada) Inc. On Thursday 8th January 2015 the
name changed to Bloom Global Foods Inc. |
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Corporate History: Previous Names Sampurna Foods Inc. 2014-02-12 A&S Organic Bazaar Inc.
2014-10-10 BLOOM ORGANIC BAZAR (CANADA) INC.
2015-01-08 |
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PRINCIPAL
ACTIVITY
The company operates as a source of organic food products. |
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Products/Services description: |
Kabuli Chana Black Eye Beans Kala Chana Rajma Jammu Rajma Chitra Moth Whole Chana Dal Toor Dal Masoor Malka Masoor Dal Mogar Masoor Whole Urad Split Chilka Urad Dal Mogar Urad Whole Mung Split Chilka Mung Dal Mogar Mung Beans Whole |
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Brands: |
Bloom Organic Bazaar Organic Wellness Organica Cultivator Natural Products Waah Organic |
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Sales are: |
Wholesale |
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Clients: |
Retailers, Food industry, Restaurants |
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Suppliers: |
NA |
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Operations area: |
Local |
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The company imports from |
India |
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The company exports to |
No export |
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The subject employs |
5 employees |
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Payments: |
Slow but correct |
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LOCATION
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Headquarters : |
46 Mediterranean Cres Brampton, Ontario L6Y 0T3 Canada |
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Comments on Address: |
NA |
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Branches: |
No branches registered |
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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. We could not confirm major holders. |
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Management: |
Director: ANITA KALRA |
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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 |
790,000 |
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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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RENEWAL HISTORY |
Date of Last Annual Meeting: 2017-03-22Status of Annual Filings: 2017
- Filed 2016 - Filed 2015 - Filed |
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SUMMARY
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Bloom Global Foods Inc is a small, fairly new organization in the grocery
company’s industry located in Brampton, Canada. It opened its doors in 2012 and now has an estimated $790,000 USD in
yearly revenue and approximately 5 employees. The company imports mainly from India and operates nationally. It is ACTIVE in CANADA. |
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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 |
NA |
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POSITION |
Assistant |
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COMMENTS |
The woman contacted confirmed name, address and manager’s name. She
refused to confirm more information because the manager was not available. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.39 |
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1 |
INR 85.74 |
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Euro |
1 |
INR 76.25 |
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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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NIY |
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Report Prepared
by : |
NIT |
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
·
Promoters
/ Management background
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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.