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MIRA INFORM REPORT
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Report No. : |
507211 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
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Name : |
MASTER TEXTILE INC. |
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Registered Office : |
481 Fergo Ave, Mississauga, Ontario, L5B 2J2 |
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Country : |
Canada |
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Date of Incorporation : |
14.12.2016 |
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Legal Form : |
Canada Business Corporation |
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Line of Business : |
The company is dedicated to textile and fabric production. |
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No. of Employees : |
1 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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: |
MASTER TEXTILE INC. |
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Trade Name: |
Master Textile Inc. |
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ID: |
10023396 |
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Date Created: |
2016 |
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Date
Incorporated: |
2016-12-14 |
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Legal Address: |
481 Fergo Ave, MISSISSAUGA, Ontario, L5B 2J2, Canada |
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Operative
Address: |
481 Fergo Ave, MISSISSAUGA, Ontario, L5B 2J2, Canada |
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Telephone: |
NA |
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Fax: |
NA |
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Legal Form: |
Canada Business Corporation |
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Email: |
NA |
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Registered in: |
CANADA |
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Website: |
No website found |
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Contact: |
Nadeem Akhtar |
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Staff: |
1 |
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Activity: |
NAICS Code 313310 Textile and Fabric Finishing Mills |
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BANKS
The company does not make its banking data
public |
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HISTORY
Master Textile Inc. was created and
incorporated in 2016. |
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PRINCIPAL
ACTIVITY
The company is dedicated to textile and fabric production. |
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Products/Services
description: |
TEXTILES FABRICS |
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Brands: |
No brands registered |
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Sales are: |
Wholesale |
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Clients: |
Textile Industry |
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Suppliers: |
Ibrahim Fabrics |
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Operations area:
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National |
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The company
imports from |
Pakistan |
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The subject
employs |
1 employee |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
481 Fergo Ave, MISSISSAUGA, Ontario, L5B 2J2, Canada |
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Comments: |
NA |
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Branches: |
The company does not have branches |
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Main Competitors |
Zodiacs Fabric Company Amtex Manufacturing Inc. Wallace Workwear Inc. Albarrie Canada Limited |
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Related
Companies: |
The company does not have related companies |
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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: |
This is a private company. We could not confirm major holders. |
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Management: |
Nadeem Akhtar |
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FINANCIAL
INFORMATION
The company does
not make its financial statements public. There
are no financial figures available for this company. |
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LEGAL
FILINGS
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Lawsuits: |
No found |
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OFAC Sanctions List
Search: |
The company is not listed in the OFAC list. |
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SUMMARY
Master Textile Inc. was created and
incorporated in 2016.
It shows low-commercial profile; with no financial records. It is ACTIVE in ONTARIO, CANADA; with no
negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
There is no telephone number linked to this company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.77 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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CAD |
1 |
INR 52.19 |
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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PRI |
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Report Prepared
by : |
NIT |
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.