MIRA INFORM REPORT

Report No. :	499059
Report Date :	22.03.2018

IDENTIFICATION DETAILS

Name :	MEDIPREP INC
Registered Office :	14 Automatic Rd. Unit 30-31, Brampton, Ontario L6s 5n5 Canada
Country :	Canada
Financials (as on) :	2016
Date of Incorporation :	1995
Legal Form :	Corporation
Line of Business :	Subject dedicated to the wholesale of Medical Equipment.
No. of Employees :	5

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
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
Order:	Med Science Canada (The name given in the order is the company`s trade name.)
Address in the order:	415, The Westway, Etoblcoke, INM9R 1H5
Legal Name:	MEDIPREP INC
Trade Name:	MED SCIENCE CANADA
ID:	CA6890024
Date Created:	1995
Date Incorporated:	2008-01-01
Legal Address:	14 AUTOMATIC RD. UNIT 30-31, BRAMPTON, Ontario L6S 5N5 CANADA
Operative Address:	14 AUTOMATIC RD. UNIT 30-31, BRAMPTON, Ontario L6S 5N5 CANADA
Telephone:	+1 905-792-7330
Fax:	+1 905- 792 7721
Legal Form:	CORPORATION
Email:	medscience@on.aibn.com
Registered in:	CANADA
Website:	hwww.mediprep.ca
Contact:	Lakhvinder Pal Singh Puri - President & Board Member
Staff:	5
Activity:	Drug Wholesalers Industry Wholesale Sector Industry
Banks:	The company does not make its banking data public
History:	The company was founded in 1995.
PRINCIPAL ACTIVITY
	The Company is dedicated to the wholesale of Medical Equipment.
Products/Services description:	The company offers: Acne Therapy Prep Pads Povidone-Iodine Prep Pads Ethyl Alcohol Prep Pads Isopropyl Alcohol Prep Pads Povidone-Iodine Ointment Povidone-Iodine 10% Solution Povidone-Iodine 5% Solution
Brands:	The company does not have any brands of its own.
Sales are:	Wholesale
Clients:	Kohinoor Industries North Chemical De Colombia Ltda Orchem Products Fortinbras Comercial E Industrial Ltda
Suppliers:	Shanghai Dezheng Chemical Indu Co L Friends Union Enterpriese(Tianjin)L
Operations area:	National and International
The company imports from	CHINA
The company exports to	PAKISTAN COLOMBIA INDIA BRAZIL
The subject employs	5 employees
Payments:	No Complaints
LOCATION
Headquarters :	14 AUTOMATIC RD. UNIT 30-31, BRAMPTON, Ontario L6S 5N5 CANADA
Comments on Address:	The address given in the order corresponds to a pharmacy called “Shoppers Drug Mart”.
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We were not able to confirm major holders.
Management:	Lakhvinder Pal Singh Puri - President & Board Member Paramjit Puri - Vice President & Board Member Prashanthini Harendra - Manager
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	810.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No records found.
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	No records found.
RENEWAL HISTORY	Date Document Type Document Description 2014-01-08 Change of registered office from 875 Wilson Rd. South, Unit#8 Oshawa Ontario L1H 8B1 since 2008-02-03 2014-01-07 Annual Return for 2014. Event Type: Non-distributing corporation with 50 or fewer shareholders 2014-01-07 Annual Return for 2013. Event Type: Non-distributing corporation with 50 or fewer shareholders 2014-01-07 Annual Return for 2014. Non-distributing corporation with 50 or fewer shareholders 2014-01-07 Annual Return for 2013. Non-distributing corporation with 50 or fewer shareholders 2010-09-20 Annual Return for 2012. Event Type: Non-distributing corporation with 50 or fewer shareholders 2010-09-20 Annual Return for 2012. Non-distributing corporation with 50 or fewer shareholders 2008-02-03 Change of registered office from 152 Bassett Blvd. Whitby Ontario L1N 8X5 since 2008-01-01 2008-01-01 Incorporation
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Founded in 1995, MediPrep Inc. is a small organization in the professional equipment company’s industry located in Brampton, Canada. It has approximately 5 full-time employees and generates an estimated $810.000 USD in annual revenue. The company mainly imports from China. It operates nationally and internationally. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Paramjit Puri
POSITION	Vice President
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 name of the President.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.22
UK Pound	1	INR 91.33
Euro	1	INR 79.96
CAD	1	INR 50.48

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

INFORMATION DETAILS

Analysis Done by :	NIS
Report Prepared by :	KET

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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.