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MIRA INFORM REPORT
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Report No. : |
506038 |
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Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
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Name : |
CANADA INCORPORATED |
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Registered Office : |
Spiegel Sohmer Inc., 200 Rue Jean-Talon Ouest, Montreal, Quebec, H4P1V5 |
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Country : |
Canada |
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Date of Incorporation : |
19.06.1997 |
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Com. Reg. No.: |
3385175 |
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Legal Form : |
Incorporated |
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Line of Business : |
Manufacture of Jewelry and Related Items |
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No. of Employees : |
45 Approximately |
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 |
CONFIDENTIAL
REPORT
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COMPANY NAME |
CANADA INCORPORATED |
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CURRENT STATUS |
Active |
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MAIN ADDRESS |
Spiegel Sohmer Inc., 200 Rue Jean-Talon Ouest |
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CITY/PROVINCE/STATE |
Montreal, Quebec, H4P1V5 |
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PHONE NUMBER(S) |
(1-514) 875.4800 |
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REMARKS OF
IDENTIFICATION |
No websites or e-mail addresses were found. This report was requested with company name: 3385175 CANADA INC and
address: 4058, Jean Talon West, Suite 100, Montreal QC H4P 1V5, Canada. Please
notice that the correct data is shown above. |
CREDIT
OPINION
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The company cannot be rated due to lack of information. Credit against
security is acceptable, until the complete most recent financial figures are
obtained. |
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PAYMENT |
Unknown |
LEGAL
INFORMATION
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TYPE OF COMPANY |
Incorporated |
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INCORPORATION
DATE |
19/06/1997 |
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REGISTRY NUMBER |
Reg. No. 3385175 |
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TERM |
Unlimited |
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LISTED AT STOCK
EXCHANGE |
NO |
LEGAL ASPECTS.-
The company can use these trade names:
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DELMAR D
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DIAMANTAIRE FIRST CANADIAN
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DIAMANTAIRES CANADIENS
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EXTRACTION CANADIENNE COUPE
CANADIENNE DIAMANTS CANADIENS
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INVESTISSEMENTS DELCORP
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DELCORP INVESTMENTS
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LABORATOIRE FÉDÉRAL GÉMOLOGIQUE
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FEDERAL GEMOLOGICAL LABORATORY
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PREMIERS DÉCOUPAGE DIAMANT
CANADIEN
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FIRST CANADIAN DIAMOND CUTTING
WORKS
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SOURCEBIJOUX
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JEWELSOURCE
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USINAGE DE DIAMANT CANADIEN
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CANADIAN DIAMOND CUTTING WORKS
The company was established on June 19th, 1997.
It was registered in the Commercial Registry on May 5th,
1998.
On February 2nd, 2017 it was re-registered in the Commercial
Registry.
The company has participated in a merger process on February 1st,
2017. Predecessors are:
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CANADA INC. (No. 1147690151)
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CANADA LTD. (No. 1143681345)
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FST BIOMETRY (CANADA) INC. (No.
1169104107)
It reports the following Registration numbers:
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Quebec Business No. 1172497456
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Corporation No. 1007971-5
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Business No. 883554891RC0002
BOARD
OF DIRECTORS, SENIOR EXECUTIVES AND SHAREHOLDERS
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NAME |
JOB TITLE |
STAKE |
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GNIWISCH, MAYER |
President/Board Member |
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GNIWISCH, SHMUEL |
Administrator |
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GNIWISCH, YEHUDA |
Secretary |
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CANADA INC. |
Shareholder |
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DATA OF BOARD OF
DIRECTORS, EXECUTIVES AND SHAREHOLDERS
GNIWISCH, MAYER
Address: 4970 Av. Carlton, Montreal, Quebec, H3W1G8, Canada.
GNIWISCH, SHMUEL
Address: 6750 Bc Westbury, Montreal, Quebec, H3W2X6, Canada.
GNIWISCH, YEHUDA
6310 Av. Westbury,
Montreal, Quebec, H3W2X3, Canada.
CANADA INC.
Address: 6310 Av. Westbury, Montreal, Quebec, H3W2X3, Canada.
OPERATIONS
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SECTOR |
C- Industry |
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ACTIVITY |
Manufacture of jewelry and related items |
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ISIC CATEGORY |
32- Other industries |
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ISIC CLASS |
3290- Other industries |
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MAIN ACTIVITY |
Manufacture of jewelry and related items. |
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N. OF EMPLOYEES |
45 approximately |
LOCATION.-
LEGAL ADDRESS: Located at the heading address, in easy access zone of
the city.
OFFICE: 200 Rue Jean-Talon Ouest, Montreal, Quebec, H4P1V5, Canada.
It has no real estate.
COMMENTS AS TO
OPERATIONS.-
No foreign trade operations were reported.
FINANCIAL
INFORMATION
All the information comprised herein has been collected from outside
sources in view that the head executives refused to provide any data.
No financial statements were obtained through outside sources.
INSURANCE.-
No insurance policies were reported.
PAYMENTS
REFERENCES
COMMENTS OF
SUPPLIERS.-
Possible consulted local suppliers do not register the company as client
paying on credit terms. Seemingly, its purchases are made in cash.
BANK
REFERENCES
Possible consulted banks do not provide information of their clients on
grounds of confidentiality.
LITIGATIONS
No lawsuits were filed against the company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.08 |
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1 |
INR 91.14 |
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Euro |
1 |
INR 80.00 |
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CAD |
1 |
INR 51.99 |
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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NIY |
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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
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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
·
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.