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MIRA INFORM REPORT
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Report No. : |
498425 |
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Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
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Name : |
CALICO FOOD INGREDIENTS LTD. |
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Registered Office : |
620 Cataraqui Woods Dr. Unit 5 Kingston, Ontario K7P 1T8 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1999 |
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Legal Form : |
Ontario Business Corporation |
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Line of Business : |
Subject is a leading manufacturer and distributor of food ingredients. |
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No. of Employees : |
15 |
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: |
CALICO FOOD INGREDIENTS LTD. |
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Trade Name: |
CALICO FOOD INGREDIENTS |
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ID: |
001938562 |
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Date Created: |
1999 |
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Date Incorporated: |
2015-07-02 |
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Legal Address: |
620 Cataraqui Woods Dr Unit 5 Kingston, Ontario K7P 1T8 Canada |
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Operative Address: |
620 Cataraqui Woods Dr Unit 5 Kingston, Ontario K7P 1T8 Canada |
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Telephone: |
(613) 634-6836 |
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Fax: |
(613) 634-6505 |
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Legal Form: |
Ontario Business Corporation |
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Email: |
sales@calico.ca |
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Registered in: |
ONTARIO |
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Website: |
www.calicofoods.com |
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Contact: |
Keith Mitchell, Vice President Sales & Marketing |
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Staff: |
15 |
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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 make its banking data public |
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History: |
The company was founded in 1999 and is based in Kingston,
Canada. As of October 25, 2017, Calico Food Ingredients Ltd. operates as a
subsidiary of Aakash Chemicals & Dyestuffs, Inc. |
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PRINCIPAL
ACTIVITY
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Calico Food Ingredients is a leading manufacturer and distributor of
food ingredients. |
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Products/Services
description: |
Natural colours, Synthetic colours, Flavours, Fruit powders, Vegetable
powders, Custom blending, Custom pack sizes, Low minimum order quantities,
Short lead times, Personal service, Natural preservatives, Botanical
extracts, Vitamin premixes |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
North American Food and Beverage manufacturing industries. |
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Suppliers: |
COLORQUIMICA S.A., COLOMBIA Stuart Brothers, ITALY VIDHI DYESTUFFS MFG. LTD. INDIA |
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Operations area: |
National and International |
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The company imports from |
COLOMBIA, INDIA, ITALY |
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The subject employs |
15 employees |
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Payments: |
No Complaint |
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LOCATION
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Headquarters : |
620 Cataraqui Woods Dr Unit 5 Kingston, Ontario K7P 1T8 Canada |
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Size: |
NA |
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Branches: |
No branches were found |
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Partner Companies: |
Mantrose-Haeuser Co, Inc Fontana Flavors SciTech Ingredients Biorigin Teawolf |
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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: |
As of October 25, 2017, Calico Food Ingredients Ltd. operates as a
subsidiary of: Aakash Chemicals & Dyestuffs, Inc. Illinois, USA |
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Management: |
David Anderson, Board Member
Winston Bennett, Board Member
Keith Mitchell, Vice President Sales & Marketing |
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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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Sales |
2.250.000 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
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There are not any legal records connected to the subject. |
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SUMMARY
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Calico Food Ingredients Ltd is a fairly new organization in the grocery
companies industry located in Kingston, Canada. It opened its doors in 1999
and now has 18 years of experience in the market. This is a small-sized company which has an estimated $2.2 million in
yearly revenue and approximately 15 employees. It imports from COLOMBIA, INDIA and ITALY. As of October 25, 2017, Calico Food Ingredients Ltd. operates as a
subsidiary of Aakash Chemicals & Dyestuffs, Inc. Illinois, USA |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaint |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Ian |
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POSITION |
Assistant |
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COMMENTS |
He confirmed name, address, ownership, activity and experience in the
market. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.20 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 80.46 |
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CAD |
1 |
INR 49.98 |
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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VAR |
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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
·
Promoters
/ Management background
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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.