MIRA INFORM REPORT

 

 

Report No. :

496481

Report Date :

14.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MANAS INTERNATIONAL INC

 

 

Registered Office :

2601 Matheson Blvd E Unit 42 Mississauga, ON, L4W 5A8

 

 

Country :

Canada

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

09.02.2009

 

 

Legal Form :

Ontario Business Corporation

 

 

Line of Business :

Subject is a multi-resource, trans-national trading group specializing in reaching any and all forms of steel to anywhere in the world. They also trade in agro products, petroleum coke, fertilizers, sulphur, sulphuric acid and many other products.

 

 

No. of Employees :

3

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

(30.09.2017)

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:

MANAS INTERNATIONAL INC

Trade Name:

MANAS INTERNATIONAL INC

ID:

002197523

Date Created:

2009

Date Incorporated:

2009-02-09

Legal Address:

2601 Matheson Blvd E Unit 42

Mississauga, ON, L4W 5A8 Canada

Operative Address:

2601 Matheson Blvd E Unit 42

Mississauga, ON, L4W 5A8 Canada

Telephone:

(905) 268-0960

Fax:

(905) 268-0918

Legal Form:

Ontario Business Corporation

Email:

info@manasintl.com

Registered in:

CANADA

Website:

www.manasintl.com

Contact:

Pankaj Dave, President & Board Member

Staff:

3

Activity:

NAICS 1: Commodity Contracts Dealing

SIC 1: Commodity Contract Trading Companies

Banks:

HABIB CANDIAN BANK, MISSISSAUGA CA

 

 

History:

This company was established in 2009.

 

PRINCIPAL ACTIVITY

MANAS International Inc. is a multi-resource, trans-national trading group specializing in reaching any and all forms of steel to anywhere in the world. They also trade in agro products, petroleum coke, fertilizers, sulphur, sulphuric acid and many other products.

 

Products/Services description:

Steel

 

Agro Products

 

Other Products:

agro products, petroleum coke, fertilizers, sulphur, sulphuric acid and many other products.

 

Value-added Services

Brands:

NA

Sales are:

Wholesale

Clients:

Icon Industries,

INDIA

 

NORAC INTERNATIONAL,

INDIA

Suppliers:

UTTAM GALVA STEELS LTD.

India

 

Asilcelik Sanayi Ve Ticaret A.S

Turkey

 

Jsw Steel Coated Products Ltd.

India

 

Hanmi Resources Co., Ltd.

Korea

Operations area:

National and International

The company imports from

CHINA, SOUTH KOREA, INDIA

The company exports to

INDIA

The subject employs

3 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

2601 Matheson Blvd E Unit 42

Mississauga, ON, L4W 5A8 Canada

Size:

NA

Branches:

No branches were found

 

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. We could not confirm any major holder.

Management:

Pankaj Dave, President & Board Member          

Gretta Dsouza, Manager

FINANCIAL INFORMATION

 

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

Revenue

3 650 000

Cash Flow

Normal

 

 

 

LEGAL FILINGS

 

 

 There are not any legal records connected to the subject.

 

 

SUMMARY

 

 

Manas International Inc is an organization in the investors industry located in Mississauga, Canada.

 

It opened its doors in 2009 and now has 9 years of experience in the market.

 

This is a small-sized company which has an estimated $3 million in yearly revenue and approximately 3 employees. It exports to INDIA.

 

In addition, it imports from CHINA and SOUTH KOREA.

 

This is an ACTIVE company incorporated in CANADA.

 

RISK INFORMATION

 

 

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

NA

POSITION

Assistant

COMMENTS

The person contacted confirmed name, staff, management, experience and activity.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.96

UK Pound

1

INR 90.23

Euro

1

INR 80.09

CAD

1

INR 50.05

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

TRU

                                                


 

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.