MIRA INFORM REPORT

Report No. :	500367
Report Date :	28.03.2018

IDENTIFICATION DETAILS

Name :	SAS HOUSE OF HALAL INC
Registered Office :	4 Robert Speck Pky Suite 210 Mississauga, Ontario L4Z 1S1 P: 289
Country :	Canada
Financials (as on) :	2016
Date of Incorporation :	2010
Legal Form :	Corporation
Line of Business :	Packaged Frozen Food Merchant Wholesalers
No. of Employees :	8

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

Legal Name:	SAS HOUSE OF HALAL INC
Trade Name:	Halal Choice
ID:	NA
Date Created:	2010
Date Incorporated:	2010
Legal Address:	4 Robert Speck Pky Suite 210 Mississauga, Ontario L4Z 1S1 P: 289 Canada
Operative Address:	4 Robert Speck Pky Suite 210 Mississauga, Ontario L4Z 1S1 P: 289 Canada
Telephone:	(289) 521-0392
Fax:	(877) 848-0507
Legal Form:	Corporation
Email:	SYED SHAH: sshah@sascogi.com HAIDER ANWAR: hanwar@halalchoice.ca FARAH SYED: fsyed@halalchoice.ca TAHIR SIDDIQUI: hsiddiqui@halalchoice.ca
Registered in:	CANADA
Website:	www.halalchoice.ca
Contact:	SYED SHAH, Chief Executive and Founder
Staff:	8
Activity:	NAICS 1: Packaged Frozen Food Merchant Wholesalers SIC 1: Packaged Frozen Goods
BANKS:
	The company does not make its banking data public
HISTORY:
	The company was founded in 2010
PRINCIPAL ACTIVITY
Sas House Of Halal Inc is a small organization in the packaged frozen good companies industry located in Mississauga, Canada.
Products/Services description:	Breaded Chicken Nuggets Breaded Chicken Burgers Breaded Chicken Strips Plain Parathas Family Pack (x20) Plain Parathas (x4) Onion Parathas (x4) Whole Wheat Parathas (x4) Tandoori Naan Chicken Alfredo Pasta Thai Chicken Noodles Chicken Teriyaki Noodles Mughlai Sheermal Taftan Beef Burgers Beef Kebabs Chicken Skewers Butter Chicken (w/rice) Jamaican Patties Nutella Naan Rose Pasta (w/ Meatballs)
Brands:	Halal Choice
Sales are:	Wholesale
Clients:	National companies and private customers
Suppliers:	NA
Operations area:	National
The company imports from	No import records
The company exports to	No export records
The subject employs	8 employees
Payments:	No Complaints
LOCATION
Headquarters :	4 Robert Speck Pky Suite 210 Mississauga, Ontario L4Z 1S1 P: 289 Canada
Comments:	NA
Branches:	No branches found
Main Competitors	Fruits De Mer Liberio Inc 7337 Av Jean-Valets 2313078 Ontario Inc 10 Milner Business Crt Suite 300 Jadan Holdings Limited Gd Wansaa Distributing 2759 Fenton Rd Dettweiler's Sausage 20415 Lochiel Rd
Related Companies:	SASCO GROUP PO BOX: 17750 Doha Qatar
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	Major holder is SYED SHAH
Management:	SYED SHAH, Chief Executive and Founder IFTIKHAR YUSOOF, Director HAIDER ANWAR, Vice President Marketing FARAH SYED, Chief Operations Officer TAHIR SIDDIQUI, Head of Marketing and Brand Development (USA)
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	4,300,000
Cash Flow:	Normal
LEGAL FILINGS
Trademarks:	HALAL CHOICE - Trademark Details Status: 700 - Registered Image for trademark with serial number 85981058 Serial Number85981058 Registration Number4516641 Word Mark HALAL CHOICE Status700 - Registered Status Date2014-04-15 Filing Date2013-08-01 Registration Number4516641 Registration Date2014-04-15 Mark Drawing4000 - Standard character mark Typeset Attorney Name Isabel Anne Stratton Law Office Assigned Location CodeM10 Employee Name BENJAMIN, SARA NICOLE HALAL CHOICE - Trademark Details Status: 700 - Registered Image for trademark with serial number 86026106 Serial Number86026106 Registration Number4558885 Word Mark HALAL CHOICE Status700 - Registered Status Date2014-07-01 Filing Date2013-08-01 Registration Number4558885 Registration Date2014-07-01 Mark Drawing4000 - Standard character mark Typeset Published for Opposition Date2014-04-15 Attorney Name Isabel Anne Stratton Law Office Assigned Location CodeM10 Employee Name BENJAMIN, SARA NICOLE
Lawsuits:	SAS House of Halal Inc. v. Sajjad Butt, 2015 CanLII 43589 (ON LRB) Date: 2015-07-15 File number: 3419-14-ES Citation: SAS House of Halal Inc. v. Sajjad Butt, 2015 CanLII 43589 (ON LRB), OLRB Case No: 3419-14-ES SAS House of Halal Inc., Applicant v. Sajjad Butt, and Director of Employment Standards, Responding Parties Employment Practices Branch File No: 70140228-6 BEFORE: Kelly Waddingham, Vice-Chair SAS House of Halal Inc. v. Butt, 2015 CanLII 19211 (ON LRB) Date: 2015-04-10 File number: 3419-14-ES Citation: SAS House of Halal Inc. v. Butt, 2015 CanLII 19211 (ON LRB) OLRB Case No: 3419-14-ES SAS House of Halal Inc., Applicant v. Sajjad Butt, and Director of Employment Standards, Responding Parties Employment Practices Branch File No: 70140228-6 BEFORE: Brian McLean, Alternate Chair DECISION OF THE BOARD: April 10, 2015
OFAC Sanctions List Search:	The company is not listed in the OFAC list.
SUMMARY
Founded in 2010, Sas House Of Halal Inc is a small organization in the packaged frozen good companies industry located in Mississauga, Canada. The company has 8 full-time employees and generates an estimated USD 4.3 million in annual revenue. The company operates within national markets. This has been an ACTIVE company incorporated in CANADA.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	HAIDER ANWAR
POSITION	Vice President Marketing
COMMENTS	We confirmed telephone, legal name and trade name. However, the person contacted was not available to provide further information about the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.80
UK Pound	1	INR 92.26
Euro	1	INR 80.76
CAD	1	INR 50.53

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

INFORMATION DETAILS

Analysis Done by :	VAR
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)

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