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MIRA INFORM REPORT
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Report No. : |
507716 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
LES PRODUITS ALIMENTAIRES DURAN INC. |
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Registered Office : |
4750 boul. des Grandes-Prairies, Montréal (Québec) H1R1A1 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
11.06.2002 |
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Legal Form : |
Société Par Actions Ou Compagnie |
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Line of Business : |
Subject is dedicated to the wholesale of food. |
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No. of Employees : |
6 |
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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Maximum Credit Limit : |
USD 40 000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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: |
LES PRODUITS ALIMENTAIRES DURAN INC. |
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Trade Names: |
CANDESA FOODS |
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ID: |
1160871811 |
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Date Created: |
2002 |
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Date Incorporated: |
11.06.2002 |
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Legal Address: |
4750 boul. des Grandes-Prairies Montréal (Québec) H1R1A1 Canada |
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Operative Address: |
4750 boul. des Grandes-Prairies Montréal (Québec) H1R1A1 Canada |
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Telephone: |
(514) 271-0032 |
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Fax: |
- |
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Legal Form: |
Société Par Actions Ou Compagnie |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
The company does not have a website. |
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Contact: |
Giovanni Duran - President |
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Staff: |
6 |
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Activity: |
SIC Code 2099, Food Preparations, NEC NAICS Code 311999, All Other Miscellaneous Food Manufacturing |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 2002. |
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PRINCIPAL
ACTIVITY
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Les Produits Alimentaires Duran Inc. is dedicated to the wholesale of
food. |
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Products/Services description: |
The company offers frozen value-added plantains, yuca and other fruits
and vegetables. |
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Brands: |
CANDESA FOODS |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Alimentos Polar Colombia Sas Achiras Del Huila Ltda Coltrans S.A.S. Harinera Del Valle S.A. Grupo Samsara S.A.S C.I. Doia Paula S.A. Distribuidora Arenas Valbuena Compania De Galletas Noel, S.A. Prosanca S.A. |
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Operations area: |
National |
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The company imports from |
COLOMBIA COSTA RICA |
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The company exports to |
No export found. |
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The subject employs |
6 employees |
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Payments: |
Slow but correct |
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LOCATION
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Headquarters : |
4750 boul. des Grandes-Prairies Montréal (Québec) H1R1A1 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
MIC Food Miami, Florida |
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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 major holders of this company are: DURAN, HERNANDO SR 2395 boul. de Blois Laval (Québec) H7E1P8 Canada DURAN, GIOVANNI 1407 rue de l'Harmonie Laval (Québec) H7A4E8
Canada DURAN, HERNANDO JR 2340 rue de Maskinongé Laval (Québec) H7E4B1
Canada |
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Management: |
Giovanni Duran – President Hernando Jr Duran – Vice President Yamily Duran – Secretary Myriam Duran – Vice President Hernando Sr Duran - Secretary |
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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 |
700.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
Date of update of the information status 2018-04-07 Date of the last statement of annual update 2018-04-07 End date of the production period of the 2018 annual update statement
2018-09-01 End date of the production period of the 2017 annual update statement
2017-09-01 |
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UCC |
No records found. |
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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 2002, Les Produits Alimentaires Duran Inc. is an
organization in the All Other Miscellaneous Food Manufacturing Industry
headquartered in Montreal, Canada. The company has 6 regular employees and generates an estimated
$700.000 USD in annual revenue. The company operates nationally, mainly importing from Colombia and
Costa Rica. It is ACTIVE in business with medium credit risk. |
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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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SUGGESTED CREDIT
LINE |
USD 40 000 |
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STATUS |
Active |
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INTERVIEW
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NAME |
Giovanni Duran |
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POSITION |
President |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location and the date of creation of the company. He was reluctant to
provide further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.38 |
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1 |
INR 91.09 |
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Euro |
1 |
INR 79.75 |
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CAD |
1 |
INR 52.53 |
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
·
Payment
record
·
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.