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MIRA INFORM REPORT
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Report No. : |
493331.2 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL AVIATION SERVICES INC. |
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Registered Office : |
541 Barnes Dr. Goffs , Nova Scotia, B2T 1K3 |
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Country : |
Canada |
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Financials (as on) : |
December 2017 |
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Date of Incorporation : |
2009 |
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Legal Form : |
Corporation |
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Line of Business : |
The company provides line maintenance, scheduled maintenance, AOG services,
as well as maintenance tracking and planning on all types of fixed wing
aircraft. |
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No. of Employees : |
3 |
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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Maximum Credit Limit : |
USD 100 000 |
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Status : |
Good |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
Global Aviation Services Inc. |
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Trade Names: |
Global Aviation Services Inc. |
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ID: |
82869 |
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Date Created: |
2009 |
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Date
Incorporated: |
2009 |
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Legal Address: |
541 Barnes Dr. GOFFS , Nova Scotia B2T 1K3, Canada |
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Operative
Address: |
Toronto International Airport |
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Telephone: |
905-673-7827 647 700 8487 |
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Fax: |
905-673-6767 |
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Legal Form: |
CORPORATION |
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Email: |
info@globalaviationservice.com |
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Registered in: |
CANADA |
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Website: |
www.globalaviationservice.com |
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Contact: |
Kevin Carruthers – General Manager |
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Staff: |
3 |
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Activity: |
NAICS 1: Other Support Activities for Air
Transportation SIC 1: Aircraft Servicing And Repairing |
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Banks
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The company does
not disclose its banking details. |
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History
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The company was founded in 2009. |
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PRINCIPAL
ACTIVITY
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Global Aviation Services is an
independently owned Transport Canada and EASA Approved Maintenance provider. |
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Products/Services
description: |
The company provides line maintenance,
scheduled maintenance, AOG services, as well as maintenance tracking and
planning on all types of fixed wing aircraft. |
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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: |
Aircrafts |
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Suppliers: |
BAR CANADA Ground Handling International Conference
(GHI) International Ground Handling Conference
(IGHC) International Association of Airport
Executives (IAAE) Canada |
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Operations area:
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National |
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The subject
employs |
3 employees |
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Payments: |
No complaints |
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LOCATION
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Headquarters : |
Toronto International Airport 6500 Silver Dart Drive, Vista Cargo “A” Ste. 205,P.O. Box 69, Mississauga ON L5P 1B1 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: |
The company does not disclose information on
shareholders. We were not able to confirm major holders. |
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Management: |
Kevin Carruthers – 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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December 2017 PROFIT & LOSS |
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Total
Income |
16,474,203 |
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Gross
Profit |
16,244,065 |
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Total
Epenses |
14,283,430 |
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Profit |
1,764,445 |
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Total
Income |
16,474,203 |
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We attach last financial figures for the subject. |
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December 2016 BALANCE SHEET (Unaudited) |
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Total
Current Assets , |
298,492 |
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Total
Assets |
1,829,780 |
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Total
Current Liabilities |
1,105,549 |
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Total
Equity |
435,550 |
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Total
Revenue |
6,781,161 |
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Net
Income (Loss) |
383,894 |
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We attach last balance sheet for the subject |
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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 2009, Global Aviation Services Inc
is a small organization in the airports and flying field service companies
industry located in Goffs, Canada. It has approximately 3 full-time employees
and generates an estimated $0.5 USD in annual revenue. The company operates
nationally. 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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SUGGESTED CREDIT
LINE |
USD 100 000 |
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STATUS |
Active |
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INTERVIEW |
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NAME |
- |
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POSITION |
- |
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COMMENTS |
The person contacted was reluctant to
provide any information, despite disclosing the name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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CAD |
1 |
INR 50.40 |
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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NIY |
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Report Prepared
by : |
SYL |
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
·
Promoters
/ Management background
·
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.