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MIRA INFORM REPORT
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Report No. : |
508767 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
AGT CLIC FOODS INC. |
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Registered Office : |
6200 E. Primrose Green Drive Regina SK
S4V3L7 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
13.11.2013 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is dedicated to the wholesale of food. |
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No. of Employees : |
50 |
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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Maximum Credit Limit : |
USD 200 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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.
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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Order: |
AGT FOODS (The name given in the order is the
company`s trade name). |
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Address in the order: |
2185 FRANCIS HUGUES, LAVA, QUEBEC H7S
1N5 |
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Legal Name: |
AGT CLIC Foods Inc. |
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Trade
Names: |
AGT FOODS |
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ID: |
1169614782 |
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Date Created: |
2013 |
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Date Incorporated: |
2013-11-13 |
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Legal Address: |
6200 E. Primrose Green Drive Regina SK S4V3L7 Canada |
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Operative Address: |
2185 av. Francis-Hughes Laval (Québec) H7S1N5 Canada |
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Telephone: |
+1 (450) 669-2663 |
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Fax: |
+1 (450) 667-6799 |
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Legal Form: |
Société par actions ou compagnie |
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Email: |
info@agtclic.com |
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Registered in: |
CANADA |
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Website: |
www.agtclic.com |
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Contact: |
MURAD AL-KATIB - President |
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Staff: |
50 |
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Activity: |
NAICS Code 424490 Other Grocery and
Related Products Merchant Wholesalers |
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Banks: |
THE BANK OF NOVA SCOTIA, GLOBAL WHOLESALE
OPERATIONS, TRADE FINANCE, 1800 AVENUE MCGILL COLLEGE, 10TH FLOOR, MONTREAL,
QC, CANADA H3A 3K9, INSTITUTION 002, CANADA |
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History: |
The company was founded in 2013. |
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Parent Company: |
The major holder of this company is: ALLIANCE PULSE PROCESSORS INC. 6200 E. Primrose Green Drive Regina SK
S4V3L7 Canada |
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PRINCIPAL
ACTIVITY
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AGT CLIC Foods Inc. is dedicated to the
wholesale of food. |
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Products/Services description: |
The
company offers Dry Beans, Peas & Lentils, Rice, Canned Beans, Peas &
Lentils, Wheat & Barley, Grains & Seeds, Pasta, Couscous, Corn, Oil,
Vinegar, Sauces, Condiments, Sugar, Salt & Spices, Deli Frozen products, Dried Fruits &
Nuts, Confectionary, Sweets, Beverages & Juices, Coffee, Mediterranean,
Gourmet Specialties and Organic products. |
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Brands: |
AGT FOODS |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Eastern Company For Trade. Cold Alex For Food Processing Alimentos Y Conservas Del Ecuador S.A. Gulf Food Industries-California Garden |
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Operations area: |
National and International |
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The company imports
from |
EGYPT ECUADOR UNITED ARAB EMIRATES |
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The company exports to |
No export found. |
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The subject employs |
50 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
2185 av. Francis-Hughes Laval (Québec) H7S1N5 Canada |
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Comments on Address: |
- |
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Branches: |
AGT Clic Foods Inc 47 Racine Rd Unit 4 Etobicoke, ON, M9W 6B2 Canada AGT Clic Foods Inc 6200 E. Primrose Green Dr. Regina, SK, Canada, S4V 3L7 |
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Related Companies: |
Agt Clic Foods USA Inc. 80 NEWFIELD AVE STE 3 EDISON, NJ, 08837-3847 United States |
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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 holder of this company is: ALLIANCE PULSE PROCESSORS INC. 6200 E. Primrose Green Drive Regina SK
S4V3L7 Canada |
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Management: |
MURAD AL-KATIB - President GAETAN BOURASSA - 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 |
5.800.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
Goldman Sloan Nash & Haber LLP v AGT
CLIC Foods Inc., 2017 TMOB 169 (CanLII) —
2017-12-13 Trade-marks Opposition Board — Canada
(Federal) Nassif et AGT CLIC Foods Inc., 2015
QCCLP 2416 (CanLII) — 2015-02-18 Commission des lésions professionnelles
du Québec — Quebec |
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TRADEMARKS |
CLIC Processed pulses; oils, namely, olive
oil and vegetable oil; cheese; proteins for human consumption, namely, meat,
processed… Owned by: AGT CLIC Foods Inc. Serial Number: 86582087 CLIC Processed pulses; oils, namely, olive
oil and vegetable oil; cheese; proteins for human consumption, namely, meat,
processed… Owned by: AGT CLIC Foods Inc. Serial Number: 86582160 |
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RENEWAL HISTORY |
Type of document Date of filing 2015 ANNUAL UPDATE DECLARATION
2016-11-11 2014 ANNUAL UPDATE STATEMENT 2015-01-28 Current Update Statement 2015-01-14 Current update statement 2014-01-17 Current Update Statement 2014-01-10 Registration Statement 2013-11-13 |
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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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Maximum Credit Provided |
USD 200 000 |
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SUMMARY
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Founded in 2013, AGT Foods is an organization
in the Other Grocery and Related Products Merchant Wholesalers Industry
headquartered in Quebec, Canada. The company has 50 regular employees and
generates an estimated $5.8 million USD in annual revenue. It operates nationally and internationally,
mainly importing from Egypt, Ecuador and United Arab Emirates. 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 |
No Complaints |
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CASH FLOW |
Normal |
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SUGGESTED CREDIT LINE |
USD 200 000 |
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STATUS |
Active |
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INTERVIEW
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NAME |
Carina |
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POSITION |
Purchasing |
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COMMENTS |
She confirmed the name of the company,
the address of the headquarters and location, the date of creation of the company,
the number of employees and the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.88 |
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Euro |
1 |
INR 80.09 |
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CAD |
1 |
INR 52.55 |
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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NIS |
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Report Prepared
by : |
TRU |
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.