MIRA INFORM REPORT

Report No. :	501350
Report Date :	31.03.2018

IDENTIFICATION DETAILS

Name :	WESTERN GRAIN TRADING INC.
Registered Office :	400-16766 RTE Transcanadienne Kirkland Québec H9H4M7
Country :	Canada
Financials (as on) :	2016 (Summarized)
Date of Incorporation :	11.04.2014
Legal Form :	Joint stock company or company
Line of Business :	Grain and Field Bean Merchant Wholesalers
No. of Employees :	2

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 :	Small Company
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:

Négociants de grains occidentaux Inc. (In Canadian French)

Western Grain Trading Inc. (In English)

Trade Name:

Western Grain Trading

ID:

1169979680

Date Created:

2014

Date Incorporated:

2014-04-11

Legal Address:

400-16766 RTE Transcanadienne

Kirkland Québec H9H4M7

Canada

Operative Address:

1900 Sources Blvd.

Suite 200

Pointe-Claire, QC,

H9R 4Z3

Canada

Telephone:

+1 (514) 312-1909

Fax:

+1 (514) 509-2115

Legal Form:

Joint stock company or company

(QUÉBEC: Business Corporations Act CQLR, cS-31.1)

Email:

sales@westernhaytrading.com

Registered in:

CANADA

Website:

www.westernhaytrading.com

Contact:

William Hoe, President and Administrator

Staff:

2

Activity:

NAICS 1: Grain and Field Bean Merchant Wholesalers

SIC 1: Grains

5999: Other types of wholesale

BANKS:

 The company does not make its banking data public

HISTORY:

The company was founded in 2014

Key Developments:

The previous name of the company was Will B Inc.

PRINCIPAL ACTIVITY

Western Grain Trading Inc is a small, fairly new organization in the grain and field bean companies industry located in Pointe-Claire, Canada.

Products/Services description:

PRODUCTS:

Timothy/Alfalfa

Straw

Alfalfa

Timothy/Orchard

Timothy

Timothy/Orchard/Alfalfa

Orchard/Alfalfa

Brands:

NA

Sales are:

Wholesale and Retail

Clients:

National companies and private customers

Suppliers:

VANTAGE ORGANIC FOODS PVT., LTD.

India

Operations area:

National

The company imports from

India

The company exports to

No export records

The subject employs

2 employees

Payments:

No Complaints

LOCATION

Headquarters :

1900 Sources Blvd.

Suite 200

Pointe-Claire, QC,

H9R 4Z3

Canada

Comments:

NA

Branches:

No branches found

Main Competitors

1371112 Ontario Ltd

5309 Durham Rd Suite 30

Yves Landreville

5952 Rue Forget

Prairie Source Trading Ltd

2135 Cumberland Ave S

Canegy Trading Inc

909 Sorrento Crt

Richardson Pioneer Limited

Gd

Related Companies:

Beacon Circle

Canada

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

This is a private company. First shareholder is:

Name: 10417181 CANADA INC.

Address: 400-16766 TCH Trans-Canada Highway Kirkland Quebec H9H4M7 Canada

Management:

William Hoe, President and Administrator

Josh Sevy, Vice President

FINANCIAL INFORMATION

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

USD 2016

Sales:

1,500,000

Cash Flow:

Normal

LEGAL FILINGS

Lawsuits:

No records found

Filling History:

Document type	Date of deposit in the register
Current update declaration	22/11/2017
Current update declaration	22/11/2017
2016 ANNUAL UPDATE STATEMENT	14/03/2017
Current update declaration	05/01/2017
Certificate of amendment	19/12/2016
Current update declaration	19/09/2016
ANNUAL UPDATE STATEMENT 2015	28/06/2016
Certificate of amendment	08/09/2015
Current update declaration	02/09/2015
Initial declaration	11/04/2014
A certificate of constitution	11/04/2014

OFAC

Sanctions List Search:

The company is not listed in the OFAC list.

SUMMARY

Founded in 2014, Western Grain Trading Inc is a small, fairly new organization in the grain and field bean companies industry located in Pointe-Claire, Canada.

The company has 2 full-time employees and generates an estimated USD 1.46 million in annual revenue.

The company imports from India, operating within national markets.

This has been an ACTIVE company incorporated in CANADA in 2014.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

NA

POSITION

NA

COMMENTS

Despite we tried to contact the company several times, it did not answer, so we could not confirm further information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
CAD	1	INR 50.40

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

INFORMATION DETAILS

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