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MIRA INFORM REPORT
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Report No. : |
496290 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL TEXTILE TRADING INC |
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Registered Office : |
23 Chaumont Dr. Stoney Creek, Ontario
Canada L8JOJ9 |
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Country : |
Canada |
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Date of Incorporation : |
26.06.2017 |
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Legal Form : |
Corporation For Profit |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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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Address in the order: |
23 CHAUMONT DR. STONEY CREEK ON L8J 0J9,
United States The address provided
in the order: 23 CHAUMONT DR. STONEY
CREEK ON L8J 0J9 corresponds to CANADA |
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Legal Name: |
GLOBAL TEXTILE TRADING INC |
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Trade Name: |
GLOBAL TEXTILE TRADING INC |
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ID: |
2584540 |
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Date Created: |
2017 |
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Date Incorporated: |
2017-06-26 |
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Legal Address: |
23 Chaumont Dr Stoney Creek Ontario Canada L8JOJ9 |
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Operative Address: |
23 Chaumont Dr Stoney Creek Ontario Canada L8JOJ9 |
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Telephone: |
NA |
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Fax: |
NA |
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Legal Form: |
Corporation For Profit |
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Email: |
NA |
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Registered in: |
ONTARIO |
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Website: |
NA |
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Contact: |
Harsharan Singh Malhi, Director |
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Staff: |
NA |
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Industry: |
Textile Industry |
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Banks |
NA |
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The company does not disclose its banking
details |
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HISTORY
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The company was incorporated in June 2017. |
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PRINCIPAL ACTIVITY
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We have found GLOBAL TEXTILE TRADING INC as
being an incorporated company in CANADA. However, there are no commercial details
GLOBAL TEXTILE TRADING INC in CANADA The Company is not listed with the yellow
pages. Not listed with the major credit bureaus. |
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Products/Services description: |
NA |
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Brands: |
NA |
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Sales are: |
NA |
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Clients: |
NA |
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Suppliers: |
NA |
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Operations area: |
NA |
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The subject employs |
No records found |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
23 CHAUMONT DR STONEY CREEK ONTARIO CANADA L8JOJ9 |
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Branches: |
The company has no branches |
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Related Companies: |
NA |
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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 could not
confirm major holders. |
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Management: |
NA |
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FINANCIAL INFORMATION
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The company does not public its financial
statements. There are no financial records available. |
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LEGAL FILINGS
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Legal Records |
No records found |
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SUMMARY
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We have found GLOBAL TEXTILE TRADING INC as
being an incorporated company in CANADA. However, there are no commercial details
GLOBAL TEXTILE TRADING INC in CANADA The Company is not listed with the yellow
pages; not listed with the major credit bureaus. Probably, due to its short experience in
business.
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RISK INFORMATION
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DEBTS |
NA |
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PAYMENTS |
Unknown |
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CASH FLOW |
NA |
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STATUS |
NA |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
NA |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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CAD |
1 |
INR 50.38 |
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 : |
TPT |
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
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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.