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MIRA INFORM REPORT
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Report No. : |
484414 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HAROLD T. GRIFFIN INC. |
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Registered Office : |
7491 Pacific Circle, Mississauga, Ontario, L5T2A4 |
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Country : |
Canada |
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Date of Incorporation : |
1940 |
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Legal Form : |
Corporation |
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Line of Business : |
· Subject is a Supplier of Quality Food Ingredients. · The company offers Sta Line Stabilizers, Custom Blending, Hydrocolloids, Flavours – Savoury, Flavour Agents & Enhancers, Cheese Products, Additional Products and Services, Capsicums Vegetables, Coconut, Extracts & Oleoresins. Herbs & Spices, Fruit, Sauces, Specialty, Sweeteners and Confections. |
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No. of Employees : |
30 |
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: |
HAROLD T. GRIFFIN INC. |
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Trade Names: |
HAROLD T. GRIFFIN INC. |
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ID: |
CA3282619 |
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Date Created: |
1940 |
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Date Incorporated: |
1996-08-01 |
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Legal Address: |
7491 Pacific Circle Mississauga Ontario L5T2A4, Canada |
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Operative Address: |
7491 Pacific Circle Mississauga Ontario L5T2A4, Canada |
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Telephone: |
(905) 564-1710 (800) 668-5417 |
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Fax: |
(905) 564-2494 |
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Legal Form: |
Corporation |
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Email: |
info@htgriffin.com |
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Registered in: |
CANADA |
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Website: |
www.htgriffin.com |
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Contact: |
Grant J. Kenney | President |
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Staff: |
30 |
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Activity: |
NAICS 1: Other Grocery and Related Products Merchant Wholesalers SIC 1: Canned Goods: Fruit, Vegetables, Seafood, Meats, Etc. |
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Banks: |
ROYAL BANK OF CANADA |
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History: |
In 1940, Harold T Griffin, along with his wife Helen, built the company
and guided it through its initial stage of growth. In 1955, Harold’s nephew James (Jim) Kenney joined the company and
under his direction HTG took a major step forward. The Food Ingredients Division was created and the flagship line of
Club des Millionaires canned fish was expanded. In true family tradition, Jim’s oldest son Bruce Kenney joined the
firm in 1972 and guided HTG though retail product expansion and major
ingredient acquisition in 1988. After practicing law for 15 years, Bruce’s brother Grant Kenney joined
HTG and is now President of the Industrial Ingredients division. |
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PRINCIPAL
ACTIVITY
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Harold T. Griffin Inc. is a Supplier of Quality Food Ingredients. |
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Products/Services description: |
The company offers Sta Line Stabilizers, Custom Blending,
Hydrocolloids, Flavours – Savoury, Flavour Agents & Enhancers, Cheese
Products, Additional Products and Services, Capsicums Vegetables, Coconut,
Extracts & Oleoresins. Herbs & Spices, Fruit, Sauces, Specialty,
Sweeteners and Confections. |
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Brands: |
Club Des Millionnaires |
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Sales are: |
Wholesale |
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Clients: |
Food Manufacturers |
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Suppliers: |
Franklin Baker Company Of The Philippines Marcel Trading Corp Shanghai Richfield International Co Farm Direct Foods (Qingdao) Co., Ltd. B.C.Foods(Gansu)Co.,Ltd. Inverquim Sa De Cv Quimica Amtex Sa De Cv |
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Operations area: |
National |
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The company imports from |
PHILIPPINES CHINA MEXICO |
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The subject employs |
30 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
7491 PACIFIC CIRCLE MISSISSAUGA Ontario L5T2A4, CANADA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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 holders are: Bruce Kenney |
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Management: |
Grant J. Kenney -
President (Industrial
Ingredients division) Bruce Kenney - President
(Retail and Corporate Affairs) Mark Brewster - Director of Sales & Marketing Helen Beyers - Director of Technical Services |
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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 |
4.400.000 |
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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 |
1. Harold T. Griffin Inc. v. Hames, 2000 CanLII 5358 (ON LRB) — 2000-05-17 Ontario Labour Relations Board — Ontario withdrawn — leave |
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TRADEMARKS |
CLUB DES MILLIONNAIRES Canned Fish-Namely, Sardines, Anchovies, Spratts, and Mackerel Owned by: Harold T. Griffin Inc. Serial Number: 72147448 CUISINE DE LA MER FROZEN FISH Owned by: Harold T. Griffin Inc. Serial Number: 73528536 CLUB DES MILLIONNAIRES CANNED AND BOTTLED OLIVES Owned by: Harold T. Griffin Inc. Serial Number: 73713422 LAURENA Canned seafood, canned fish and anchovies Owned by: Harold T. Griffin Inc. Serial Number: 75499391 TANNER FARMS Dried soups, dried fruits, olive oil, jarred vegetables, canned fish
and seafood Owned by: Harold T. Griffin Inc. Serial Number: 76019871 CLUB DES MILLIONNAIRES Sardines, kippered herrings, smoked spratts, mackerel fillets, canned
and bottled olives, fish, shellfish, anchovies, crab… Owned by: Harold T. Griffin Inc. Serial Number: 78332803 FISH SHE IS VERY SMALL Sardines Owned by: Harold T. Griffin Inc. Serial Number: 78332839 |
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RENEWAL HISTORY |
Date Document Type Document Description 2017-04-19 Annual
Return for 2017. Non-distributing corporation with 50 or fewer shareholders 2016-04-18 Annual
Return for 2016. Non-distributing corporation with 50 or fewer shareholders 2015-04-20 Annual
Return for 2015. Non-distributing corporation with 50 or fewer shareholders 2014-04-28 Annual
Return for 2014. Event Type: Non-distributing corporation with 50 or fewer
shareholders 2014-04-28 Annual
Return for 2014. Non-distributing corporation with 50 or fewer shareholders 2013-04-23 Annual
Return for 2013. Event Type: Non-distributing corporation with 50 or fewer
shareholders 2013-04-23 Annual
Return for 2013. Non-distributing corporation with 50 or fewer shareholders 2012-04-20 Annual
Return for 2012. Event Type: Non-distributing corporation with 50 or fewer
shareholders 2012-04-20 Annual
Return for 2012. Non-distributing corporation with 50 or fewer shareholders 2009-02-06 Status
change to Active - Dissolution Pending (Non-compliance) for period 2009-01-14
- 2009-02-06 2009-01-14 Status
change to Active for period 2005-10-12 - 2009-01-14 2005-10-12 Status
change to Active - Dissolution Pending (Non-compliance) for period 2005-09-19
- 2005-10-12 2005-09-19 Status
change to Active for period 1996-08-01 - 2005-09-19 1996-08-01 Amalgamation/merger
with corporation: HAROLD T. GRIFFIN INC. 1996-08-01 Amalgamation/merger
with corporation: KENNEY CONSULTANTS INC. 1996-08-01 Amalgamation/merger
with corporation: LA CORPORATION CHARLESCRAFT LTEE 1996-08-01 Amalgamation/merger
with corporation: BIMAX LTD. 1996-08-01 Amalgamation/merger
with corporation: SOCIETE DE GESTION D'INVESTISSEMENT, I.G. LTEE 1996-08-01 Amalgamation/merger
with corporation: SERVICES D'IMPOT I.G. INC. 1996-08-01 Change
to applicable company legislation Canada Business Corporations Act for period
1996-07-31 - 1996-08-01 |
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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 1940, Harold T. Griffin Inc is a mid-sized organization in
the grocery company’s industry located in Mississauga, Canada. It has approximately 30 full-time employees and generates an estimated
$4.2 million in annual revenue. The company operates nationally, mainly importing from Philippines,
China and Mexico. 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 |
Martha |
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POSITION |
Sales |
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COMMENTS |
She confirmed the name of the company, the address of the headquarters
and location and the date of creation of the company. She was reluctant to
provide 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 63.35 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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CNY |
1 |
INR 9.77 |
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 : |
TPT |
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
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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.