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MIRA INFORM REPORT
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Report No. : |
488619 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MNZ GLOBAL INC. |
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Registered Office : |
300 John Street, Suite 503, Thornhill On L3t 5w4 |
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Country : |
Canada |
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Date of Incorporation : |
May, 2010 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in trading and processing of ferrous and non-ferrous
metals (including electronic scrap), plastics, paper, logs, and lumber. |
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No. of Employees : |
8 |
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: |
MNZ GLOBAL INC. |
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Trade Names: |
MNZ GLOBAL INC. |
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ID: |
NA |
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Date Created: |
2010 |
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Date Incorporated: |
May 2010 |
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Legal Address: |
300 John Street, Suite 503, Thornhill ON
L3T 5W4, Canada |
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Operative Address: |
300 John Street, Suite 503, Thornhill ON
L3T 5W4, Canada |
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Telephone: |
(905) 597-0207 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
mnz@mnzglobal.com |
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Registered in: |
CANADA |
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Website: |
www.mnzglobal.com |
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Contact: |
Mehdi Bukhari - Managing Director |
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Staff: |
8 |
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Activity: |
NAICS Code 423510 Metal Service Centers and Other
Metal Merchant Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 2010. |
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PRINCIPAL
ACTIVITY
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MNZ Global Inc. is dedicated to the trading and
processing of ferrous and non-ferrous metals (including electronic scrap),
plastics, paper, logs, and lumber. |
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Products/Services description: |
The company offers Aluminium Alloy, Aluminium Scrap,
Brass Scrap, Copper Scrap, Ferrous / HMS Scrap, Lead Scrap, Semi-finished
Brass, Semi-finished Copper and Semi-finished Lead. |
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Brands: |
MNZ GLOBAL |
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Sales are: |
Wholesale |
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Clients: |
Xu Yang Plastic And Metal Plant Ann Joo Steel Berhad Al Atlasy Metal Recycling Llc |
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Suppliers: |
Jimex Import & Export Jrg Comercial S.A. De C.V. Productos Marinos Abc SA De Cv |
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Operations area: |
National and International |
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The company imports from |
HAITI MEXICO |
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The company exports to |
CHINA MALAYSIA UNITED ARAB EMIRATES |
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The subject employs |
8 employees |
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Payments: |
Slow but Correct |
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LOCATION
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Headquarters : |
300 John Street, Suite 503, Thornhill ON
L3T 5W4, Canada |
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Comments on Address: |
The address provided in the order is an
old 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: |
The company does not disclose information on
shareholders. We could not confirm shareholders of the subject. |
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Management: |
Mehdi Bukhari - Managing Director Mo Bukhari - Chief Operating Officer |
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FINANCIAL INFORMATION |
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The company does not make
its financial statements public. Despite our long search, we
were not able to confirm financial figures for the subject. |
LEGAL
FILINGS
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GOVERNMENT CONTRACTS |
No 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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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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MNZ Global Inc. is a small organization in the Metal
Service Centers and Other Metal Merchant Wholesalers Industry headquartered
in Ontario, Canada. The company has 8 regular employees. It operates
nationally and internationally, mainly importing from Haiti and Mexico. It is ACTIVE in business with no negative records. |
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 |
Qualve |
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POSITION |
Trading Assistant |
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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 employees and the name of the Managing Director. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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CAD |
1 |
INR 51..65 |
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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VAR |
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Report Prepared
by : |
DNS |
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
·
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.