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MIRA INFORM REPORT
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Report No. : |
485020 |
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Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JC INDUSTRIAL TRADING INC |
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Registered Office : |
38 Heathview Avenue, Toronto, M2K 2C1 |
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Country : |
Canada |
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Year of Establishment : |
2008 |
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Legal Form : |
Corporation |
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Line of Business : |
· Manufacturing of Leather and Allied Product · The company provides Sheep, Goat and Cow raw skin, Pickle, Wetblue, Crust, Dyecrust and Leather. · The company also offers Raw Materials, Chemicals, Machineries and Machinery’s Parts. |
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No. of Employees : |
2 |
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: |
JC INDUSTRIAL TRADING INC |
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Trade Names: |
JC INDUSTRIAL TRADING INC |
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ID: |
001843483 |
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Date Created: |
2008 |
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Date Incorporated: |
2011-02-18 |
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Legal Address: |
38 Heathview Avenue, Toronto, M2K 2C1, CANADA |
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Operative Address: |
38 Heathview Avenue, Toronto, M2K 2C1, CANADA |
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Telephone: |
(1) 647 866 1093 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
chitizadeh@gmail.com |
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Registered in: |
CANADA |
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Website: |
www.jcindustrialtrading.com |
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Contact: |
Dr. Jalil Chiti Zadeh – President |
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Staff: |
2 |
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Activity: |
NAICS Code 316 Leather and Allied Product Manufacturing SIC Code 31 Leather and Leather Products |
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Banks
The company does not disclose its banking details. |
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History
The company was founded in 2008. |
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PRINCIPAL
ACTIVITY
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JC Industrial Trading Inc. is a Canadian based company active in
international trading especially in Leather Industry. |
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Products/Services description: |
The company provides Sheep, Goat and Cow raw skin, Pickle, Wetblue,
Crust, Dyecrust and Leather. The company also offers Raw Materials,
Chemicals, Machineries and Machinery’s Parts. |
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Brands: |
The company does not have any brands of its own. |
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Sales are: |
Wholesale |
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Clients: |
Zuha Leather P Ltd. |
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Suppliers: |
Na |
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Operations area: |
National and International |
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The company imports from |
No import found. |
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The company exports to |
INDIA |
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The subject employs |
2 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
38 Heathview Avenue, Toronto, M2K 2C1, 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. We were not able to confirm major holders. |
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Management: |
Dr. Jalil Chiti Zadeh – President Mohammad Chiti Zadeh – General Manager |
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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 |
300.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
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 2008, JC INDUSTRIAL TRADING INC is a small organization in
the Leather and Allied Product Manufacturing Industry headquartered in
Markham, Ontario. The company has 2 regular employees and generates an estimated
$300.000 USD in annual revenue. It operates nationally and internationally, mainly exporting to Indi.
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 |
Dr. Jalil Chiti Zadeh |
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POSITION |
President |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters and
location, the date of creation of the company, the number of employee and the
company`s approximate annual revenue. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.83 |
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1 |
INR 86.28 |
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Euro |
1 |
INR 76.14 |
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CAD |
1 |
INR 50.81 |
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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PRI |
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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
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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.