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MIRA INFORM REPORT
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Report No. : |
508408 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
EROSIONCONTROLBLANKET.COM INC |
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Registered Office : |
Highway 8 and Vidir Road, Riverton, MB R0C 2R0 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Year of Establishment : |
2000 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufacturer and distributor of erosion control and growth medium
products. |
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No. of Employees : |
39 |
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 : |
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.
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: |
ErosionControlBlanket.Com Inc |
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Trade Names: |
ErosionControlBlanket.Com Inc |
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ID: |
89829 9615 |
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Date Created: |
2000 |
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Date Incorporated: |
2000 |
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Legal Address: |
Highway 8 and Vidir Road, Riverton, MB R0C 2R0, Canada |
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Operative Address: |
Highway 8 and Vidir Road, Riverton, MB R0C 2R0, Canada |
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Telephone: |
1-866-280-7327 |
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Fax: |
1-866-757-7327 |
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Legal Form: |
CORPORATION |
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Email: |
info@ecb.ca |
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Registered in: |
CANADA |
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Website: |
www.erosioncontrolblanket.com |
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Contact: |
Mark Myrowich – Owner and Chief Executive Officer |
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Staff: |
39 |
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Activity: |
SIC Code 5039, Construction Materials, NEC NAICS Code 423390, Other Construction Material Merchant Wholesalers |
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Banks
The company does not disclose its banking details. |
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History
The company was founded in 2001 by Mark Myrowich. |
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PRINCIPAL
ACTIVITY
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ErosionControlBlanket.Com Inc. is a manufacturer and distributor of
erosion control and growth medium products. |
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Products/Services description: |
The company offers erosion control blankets, turf reinforcement mats,
sediment control, staple guns & staples, and verdyol products. |
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Brands: |
Verdyol Biotic Earth M100 Erosion Blankets |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Kokosfibre Exports (Pvt) Ltd Canro Fibre Exp. (Pvt) Ltd. AI Champdany Industries Ltd |
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Operations area: |
National and International |
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The company imports from |
SRI LANKA INDIA |
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The subject employs |
39 Employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Highway 8 and Vidir Road, Riverton, MB R0C 2R0, Canada |
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Comments on Address: |
- |
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Branches: |
ErosionControlBlanket.Com Inc 1 Broadway Ave Riverton, MB, R0C 2R0 Canada |
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Related Companies: |
VERDYOL BIOTIC Box 69, Riverton, MB R0C 2R0, 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. The following information has been provided by private
sources: |
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Management: |
Mark Myrowich – Owner and Chief Executive Officer Lauren Alaniz - Director of sales- Western and Southern Regional
Manager Jim Goodsell - Sales Manager – Canada and Mid-Western |
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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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Revenue |
8.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Orders and Exemptions ErosionControlBlanket.Com Inc. Collection Orders and
Exemptions Date 2002-08-28 File numbers Order No. 3868 Decision type Local Order Jurisdiction Manitoba
Securities Commission Law Section 20 of The
Securities Act |
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CASES |
No found. |
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TRADEMARKS |
VERDYOL BIOTIC EARTH Fertilizers in the nature of organically enriched hydraulic growth
mediums to reduce soil erosion and enhance vegetation… Owned by: ErosionControlBlanket.com, Inc Serial Number: 85617074 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
Founded in 2001, Erosion Control Blanket.Com Inc. is an organization
in the Other Construction Material Merchant Wholesalers Industry headquartered
in Manitoba, Canada. The company has 39 regular employees and generates an estimated $8
million USD in annual revenue. The company operates nationally and internationally, mainly importing
from Sri Lanka and India. 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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STATUS |
Active |
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INTERVIEW
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NAME |
Roger |
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POSITION |
Logistics |
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COMMENTS |
He 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 name of the Chief Executive Officer. |
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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PRA |
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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
·
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.