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MIRA
INFORM REPORT
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Report No. : |
496785 |
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Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
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Name : |
MARCATUS QED INC |
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Registered Office : |
43 Hanna Ave Unit C-424, Toronto, ON, M6K 1X1 Canada |
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Country : |
Canada |
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Date of Incorporation : |
2001 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject Is global agri-food solutions agency |
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No. of Employees : |
56 |
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 : |
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: |
MARCATUS QED INC |
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Trade Name: |
MARCATUS QED INC |
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ID: |
NA |
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Date Created: |
2001 |
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Date Incorporated: |
2015-10-15 |
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Legal Address: |
43 Hanna Ave Unit C-424 Toronto, ON, M6K 1X1 Canada |
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Operative Address: |
43 Hanna Ave Unit C-424 Toronto, ON, M6K 1X1 Canada |
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Telephone: |
+1 416 255 0099 (905) 337-1105 |
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Fax: |
(905) 337-1676 |
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Legal Form: |
CORPORATION |
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Email: |
sales@marcatusqed.com |
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Registered in: |
CANADA |
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Website: |
www.marcatusqed.com |
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Contact: |
Paul Novello - Chief Financial Officer |
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Staff: |
56 |
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Activity: |
NAICS 1: Other Grocery and Related Products Merchant Wholesalers SIC 1: Specialty Food Items |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 2001. |
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PRINCIPAL ACTIVITY |
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Marcatus QED is a global agri-food solutions agency. |
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Products/Services description: |
The company wholesales foods and helps consumer brands develop bespoke
sourcing programs, innovative products, and sustainable supply chains. |
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Brands: |
MARCATUS QED |
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Sales are: |
Wholesale |
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Clients: |
Private Companies |
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Suppliers: |
Riviana Foods Private Limited Bnazrum Agro Exports Pvt. Ltd. Green Agro Pack Pvt., Ltd. Kosher Pickles Ecovinal International Pvt.Ltd Vishaal Natural Food Products Karuturi Networks Ltd. Maha Agricultural Products Pvt Lt International Agricultural Processing P Ltd Unicorn Pickles Pvt. Ltd Hjs Condiments Limited |
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Operations area: |
National and International |
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The company imports from |
INDIA SRI LANKA |
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The company exports to |
No export records found. |
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The subject employs |
56 employees |
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Payments: |
No Complaints |
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LOCATION |
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Headquarters : |
43 Hanna Ave Unit C-424 Toronto, ON, M6K 1X1 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
MARCATUS QED INC #29, 1st Sector, 2nd Main, Bengaluru, Karnataka 560076 India MARCATUS QED (UK) LIMITED 2ND FLOOR HYGEIA HOUSE 66 COLLEGE ROAD HARROW MIDDLESEX HA1 1BE MARCATUS QED (EUROPE) LIMITED 2ND FLOOR HYGEIA HOUSE 66 COLLEGE ROAD HARROW MIDDLESEX HA1 1BE |
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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: |
Paul Novello - Chief Financial Officer Syed M Irfan – Chief Operating Officer Murali Sundaralingam - President & Board Member Alec Wong - Finance Director |
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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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USD 2016 |
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Revenue |
8.500.000 |
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Cash flow |
Normal |
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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 |
MARCATUS Agricultural products, namely, grains and seeds for planting;
horticultural products, namely, bulbs and seeds for planting… Owned by: Marcatus QED Inc. Serial Number: 77149299 CHEF'S DELIGHT canned and jarred fruits and vegetables; frozen fruits and vegetables;
sugar products including white refined, turbinado… Owned by: Marcatus QED, Inc. Serial Number: 87755626 GARDEN DELIGHT canned and jarred fruits and vegetables; frozen fruits and vegetables;
sugar products including white refined, turbinado… Owned by: Marcatus QED, Inc. Serial Number: 87755615 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
SUMMARY |
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Founded in 2001, Marcatus Qed Inc is a mid-sized organization in the
grocery company’s industry located in Toronto, Canada. It has approximately 56 full-time employees and generates an estimated
$8.5 million in annual revenue. The company operates nationally and internationally, mainly importing
from India and Sri Lanka. It is ACTIVE in business with no negative records. |
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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STATUS |
Active |
INTERVIEW |
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NAME |
Gomi Choi |
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POSITION |
Logistics |
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COMMENTS |
She 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 contact name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.96 |
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1 |
INR 90.23 |
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Euro |
1 |
INR 80.09 |
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CAD |
1 |
INR 50.13 |
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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DIV |
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Report Prepared
by : |
KET |
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.