MIRA INFORM REPORT

Report No. :	493577
Report Date :	03.03.2018

IDENTIFICATION DETAILS

Name :	SARVI INTERNATIONAL INC.
Registered Office :	1080 Rue Hodge, Saint-Laurent QC H4N 2B7
Country :	Canada
Date of Incorporation :	09.09.2016
Legal Form :	Joint stock company or company
Line of Business :	· Economic Activity Code (EAC) 3999 · Activity Other manufactured goods industries · Clarifications (optional) Import and Export
No. of Employees :	11

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Unknown
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 (30.09.2017)	Current Rating (31.12.2017)
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:

SARVI INTERNATIONAL INC.

Trade Name:

SARVI INTERNATIONAL INC.

Corporation ID:

9900055

Business Number:

1172128523-Quebec

Date Created:

2016

Date Incorporated:

2016-09-09

Legal Address:

1080 Rue Hodge

Saint-Laurent

QC H4N 2B7

Canada

Operative Address:

1080 Rue Hodge

Saint-Laurent

QC H4N 2B7

Canada

Telephone:

902-752-8371

Fax:

902-752-8371

Legal Form:

Joint stock company or company

Email:

NA

Registered in:

CANADA

Website:

The company does not have a website

Contact:

VIVEK SOOD, Director

KULJOT KAUR NAGIA, Director

Staff:

Maximum of Directors: 11

Activity:

Economic Activity Code (EAC) 3999

Import and Export of goods

BANKS

 The company does not make its banking data public

HISTORY

The company was founded in 2016

PRINCIPAL ACTIVITY

Economic Activity Code (EAC) 3999

Activity Other manufactured goods industries

Clarifications (optional) Import and Export

Products/Services description:

NA

Brands:

NA

Sales are:

Wholesale and Retail

Clients:

National companies and people in general

Suppliers:

NA

Operations area:

National

The subject employs

Maximum of Directors: 11

Payments:

Unknown

LOCATION

Headquarters :

1080 Rue Hodge

Saint-Laurent

QC H4N 2B7

Canada

Comments:

NA

Branches:

The company does not have branches

Main Competitors

NA

Related Companies:

Entities with the same director
Name	Director Name	Director Address
6841384 CANADA INC.	VIVEK SOOD	133 HAVELOCK DR., BRAMPTON ON L6W 4E7, Canada
CANADIAN ASSOCIATION OF CHAIN DRUG STORES	VIVEK SOOD	236 BROWNLOW AVENUE, DARTMOUTH NS B3B 1V5, Canada

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

Nagia Kuljot Kaur

1080 rue Hodge Montréal (Québec) H4N2B7 Canada

Sood Vivek

Timber Merchants, Timber Mkt. Doraha, Ludhiana Punjab 141421 India

Management:

VIVEK SOOD, Director

KULJOT KAUR NAGIA, Director

FINANCIAL INFORMATION

The company does not make its financial statements public.

Despite our long search, we could not confirm financial figures for the subject.

LEGAL FILINGS

Cases

No records found

Filling History

Date Previous Name

2016-09-09 - 2018-02-26 SARVI INTERNATIONAL INC.

Annual Filling:

Year Annual Meeting Corporation Type

2017 2017-02-25 Non-distributing corporation with 50 or fewer shareholders

OFAC

Sanctions List Search

The company is not listed in the OFAC list.

SUMMARY

Founded in 2016, SARVI INTERNATIONAL INC. is in the Business Activities import and export of goods.

The company has 2 directors.

The company operates within national markets.

This has been an ACTIVE company incorporated in Canada in 2016.

We suggest working with low credit line and monitoring the company for the following 12 months.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Unknown

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

NA

POSITION

NA

COMMENTS

Despite we tried to contact the company several times, it did not answer, so we could not confirm further information about it.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.23
UK Pound	1	INR 89.71
Euro	1	INR 79.50
CAD	1	INR 50.60

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	NIT

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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