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MIRA INFORM REPORT
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Report No. : |
507100 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
HRA GROUP HOLDINGS LTD |
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Registered Office : |
2300-1021 West Hastings Street, Vancouver, V6E 0C3 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1982 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is an organization dedicated to the wholesale of jewelry. |
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No. of Employees : |
2 |
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 : |
Slow but correct |
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Litigation : |
Exist |
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: |
HRA GROUP HOLDINGS LTD |
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Trade Names: |
HRA GROUP HOLDINGS LTD |
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ID: |
BC2654153155 |
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Date Created: |
1982 |
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Date Incorporated: |
31/12/2015 |
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Legal Address: |
2300-1021 West Hastings Street Vancouver V6e 0c3 Canada |
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Operative Address: |
2300-1021 West Hastings Street Vancouver V6e 0c3 Canada |
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Telephone: |
+1 (604) 669-9562 |
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Fax: |
+1 (604) 669-5626 |
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Legal Form: |
Corporation |
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Email: |
info@hragroup.com |
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Registered in: |
CANADA |
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Website: |
www.hragroup.com |
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Contact: |
Uri Ariel - President & Board Member |
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Staff: |
2 |
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Activity: |
SIC Code 5094 Jewelry, Watches, Precious Stones, and Precious Metals |
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Banks: |
The company does not disclose its banking details. |
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History: |
HRA Group Holdings Ltd. was founded in 1982. The company is part of
The HRA Group, which has a polishing facility and a jewelry manufacturing
division in Vancouver, a cutting and polishing facility in Yellowknife,
Northwest Territories and a diamonds manufacturing facility in Sudbury,
Ontario. |
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PRINCIPAL
ACTIVITY
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HRA Group Holdings Ltd. is an organization dedicated to the wholesale
of jewelry. |
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Products/Services description: |
The company offers Diamonds, Articles Of Jewelry, Precious Metals
(Other Than Silver), Articles Of Base Metal Clad With Precious Metals,
Imitation Jewelry Of Base Metal and Wristwatches. |
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Brands: |
Canadian ROCKS VICTOR ARCTIC CIRCLE FOREVERMARK ARGYLE PINK |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
NA |
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Operations area: |
National |
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The company imports from |
UNITED STATES AUSTRALIA |
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The subject employs |
2 employees |
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Payments: |
Slow but correct |
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LOCATION
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Headquarters : |
2300-1021 WEST HASTINGS STREET VANCOUVER V6E 0C3 CANADA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
Seattle, Washington HRA Group Seattle Suite 1320 - 2101 4th Avenue Seattle, WA 98121, USA Crossworks Manufacturing Ltd. 2160-1066 West Hastings Street Vancouver, BC V6E 3X1 Canada |
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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: |
Uri Ariel - President & Board Member Sara Ariel - Secretary & Board Member |
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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 |
100.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
CALA DIAMONDS, LLC v. HRA GROUP HOLDINGS et al Plaintiff: CALA DIAMONDS, LLC Defendant: HRA GROUP HOLDINGS, ITAY ARIEL, CROSSWORKS MANUFACTURING
LTD, HRA USA LTD and MICHELLE SEGOLY Case Number: 2:2017cv01136 Filed: March 15, 2017 Court: Pennsylvania Eastern District Court Office: Philadelphia Office County: Outside the U.S. Presiding Judge: J. CURTIS JOYNER Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None HRA Group Holdings Ltd. et al v. Mark's Majestic Diamonds Inc. et al Plaintiff: HRA Group Holdings Ltd. and Crossworks Manufacturing Ltd. Defendant: Mark's Majestic Diamonds Inc., A & M Diamonds
Inc., M & N Diamonds Inc. and Mark Natanzon Case Number: 1:2013cv08791 Filed: December 11, 2013 Court: New York Southern District Court Office: Foley Square Office County: XX Out of State Presiding Judge: Lewis A. Kaplan Referring Judge: Frank Maas Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
Issuing organisation Licence
Type Licence Number Status Issue date Expiry date Vancouver City Business Licence 15-132843 Issued 2015-12-31 Vancouver City Municipal city
licence 16-132096 Issued 2016-03-09 2016-12-31 Business licence for Office Other. Vancouver City Municipal city
licence 17-130588 Issued 2016-12-06 2017-12-31 Business licence for Office Other. Vancouver City Municipal city
licence 18-458153 Issued 2018-01-02 2018-12-31 Business licence for Office Other. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 1982, HRA Group Holdings Ltd. is an organization in the
Jewelry, Watches, Precious Stones, and Precious Metals Industry headquartered
in Vancouver, Canada. The company has 2 regular employees and generates an estimated
$100.000 USD in annual revenue. It operates nationally, mainly importing from
the United States and Australia. It is ACTIVE in business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called number +1 (604) 669-9562 several times and received no
answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.61 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.85 |
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CAD |
1 |
INR 51.91 |
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
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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.