MIRA INFORM REPORT

Report No. :	488515
Report Date :	29.01.2018

IDENTIFICATION DETAILS

Name :	CHOCOLAT CENTRAL C.J. INC.
Registered Office :	8985 boul. Henri-Bourassa O Montréal (Québec) H4S1P7
Country :	Canada
Date of Incorporation :	1985
Legal Form :	Joint stock company or company
Line of Business :	Subject is engaged in chocolate produces private label and specialty chocolates for the retail industry.
No. of Employees :	40

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 80 000
Status :	Satisfactory
Payment Behaviour :	No Complaints
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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION
Legal Name:	CHOCOLAT CENTRAL C.J. INC.
Trade Names:	CHOCOLAT CENTRAL C.J. INC. GALERIE AU CHOCOLAT
ID:	1147133988
Date Created:	1985
Date Incorporated:	1997-09-25
Legal Address:	8985 boul. Henri-Bourassa O Montréal (Québec) H4S1P7 Canada
Operative Address:	8985 Henri Bourassa West St Laurent, QC H4S 1P7 Canada
Telephone:	514-331-8460
Fax:	514-331-8462
Legal Form:	Joint stock company or company
Email:	support@galerieauchocolat.ca
Registered in:	CANADA
Website:	www.galerieauchocolat.ca
Contact:	Noah Pinsky - President
Staff:	40
Activity:	NAICS 1: Chocolate and Confectionery Manufacturing from Cacao Beans SIC 1: Chocolate
Banks:	The company does not disclose its banking details.
History:	The company was founded in 1985.
PRINCIPAL ACTIVITY
	Galerie au chocolat produces private label and specialty chocolates for the retail industry in North America.
Products/Services description:	It offers barks, clusters, gift boxes, baking items, truffles, fair trade products, ceramics, gift tins, origin chocolates, and no sugar added products, as well as fondues, bars, and hot chocolates; and additional selections, including pretzels, fortune cookies, ginger chocolates, chocolate bears, chocolate flowers, chocolate covered orange peels, espresso wafers, caramel hazelnut wafers, chocolate cornflake clusters, sea salt caramels, chocolate covered lemon peels, and dark chocolate praline seashells.
Brands:	GALERIE AU CHOCOLAT
Sales are:	Wholesale
Clients:	Galeria Del Chocolate S De Rl De Cv mportadora Grezon SA De Cv
Suppliers:	Wal Cor Corsanini Snc Di Carlo Sant Shanghai Justen Gift Xiamen Fullsun Package Technology Co., Ltd. Puratos Nv
Operations area:	National and International
The company imports from	ITALY CHINA NETHERLANDS
The company exports to	MEXICO
The subject employs	40 employees
Payments:	No Complaints
LOCATION
Headquarters :	8985 Henri Bourassa West St Laurent, QC H4S 1P7 Canada
Comments on Address:	-
Branches:	Galerie Au Chocolat Inc 5785 Boul Des Gradins Québec, Quebec G2J 1V1 Canada
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The major holder of this company is: CANADA INC. 3051 rue Lake Dollard-Des Ormeaux (Québec) H9G2V6 Canada
Management:	Noah Pinsky - President
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
($CDN)
Total Sales	$1,000,000 to $4,999,999
Cash flow	Normal
LEGAL FILINGS
PATENTS	No found.
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	No records found.
RENEWAL HISTORY	Type of document Date of filing 2017 ANNUAL UPDATE DECLARATION 2017-05-09 2016 ANNUAL UPDATE DECLARATION 2016-06-01 2015 ANNUAL UPDATE STATEMENT 2015-05-01 2014 ANNUAL UPDATE STATEMENT 2014-09-16 2013 ANNUAL UPDATE STATEMENT 2013-11-12 Current Update Statement 2013-10-07 Current Update Statement 2013-08-07 ANNUAL UPDATE STATEMENT 2012 2013-01-04 2011 ANNUAL UPDATE STATEMENT 2012-01-24 Annual Return 2010 2011-01-07 Annual Return 2009 2010-01-07 Annual Return 2008 2009-01-06 Annual Return 2007 2008-03-03 Annual Return 2006 2007-02-05 Annual Return 2005 2005-10-11 Annual Return 2004 2004-11-04 Annual Return 2003 2003-09-30 Annual Return 2002 2002-12-16 Amending Declaration 2002-11-29 Annual Return 2001 2001-10-24 Amendment correction / Acts of correction 2001-05-23 Amending Declaration 2001-05-23 Annual Return 2000 2000-12-19 Amending Declaration 2000-08-01 1999 Annual Return 1999-11-30 Amending Declaration 1999-08-09 Annual Return 1998 1999-03-08 Amending Declaration 1997-10-01 Registration Statement 1997-09-25
OFAC Sanctions List Search	The company is not listed in the OFAC list.
Maximum Credit Provided	USD 80 000
SUMMARY
	Founded in 1985, Galerie Au Chocolat Inc is a mid-sized organization in the chocolate and cocoa product manufacturers industry located in Saint-Laurent, Canada. It has approximately 40 full-time employees. The company operates nationally and internationally, mainly exporting to Mexico. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
SUGGESTED CREDIT LINE	USD 80 000
STATUS	Active
INTERVIEW
NAME	-
POSITION	-
COMMENTS	We called number 514-331-8460 several times and received no answer.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.50
UK Pound	1	INR 90.92
Euro	1	INR 79.07
CAD	1	INR 51.65

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	DNS

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.