|
|
|
MIRA
INFORM REPORT
|
Report No. : |
510024 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AARNA GEMS INC |
|
|
|
|
Registered Office : |
6884 Dillingwood Drive, Mississauga, Ontario Canada L5N 7E4 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
19.09.2012 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Wholesale of Jewelry, Watches, Precious Stones and Precious Metals. |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
STATUTORY INFORMATION |
|
|
Legal Name: |
AARNA GEMS INC |
|
Trade Names: |
AARNA GEMS INC |
|
ID: |
002342904 |
|
Date Created: |
2012 |
|
Date Incorporated: |
2012-09-19 |
|
Legal Address: |
6884 Dillingwood Drive, Mississauga, Ontario Canada L5N 7E4 |
|
Operative Address: |
6884 Dillingwood Drive, Mississauga, Ontario Canada L5N 7E4 |
|
Telephone: |
NA |
|
Fax: |
NA |
|
Legal Form: |
Corporation |
|
Email: |
- |
|
Registered in: |
CANADA |
|
Website: |
The company does not have a website. |
|
Contact: |
MRS. VANITA GUPTA - Director |
|
Staff: |
1 |
|
Activity: |
SIC Code 5094 Jewelry, Watches, Precious Stones, and Precious Metals |
|
|
|
|
Banks: |
The company does not disclose its banking details. |
|
|
|
|
History: |
The company was founded in 2012. |
|
|
|
PRINCIPAL ACTIVITY |
|
|
|
We have found AARNA GEMS INC as being an incorporated company in
CANADA. However, there are no commercial details on the subject. It is not listed with yellow pages or major credit bureaus. |
|
Products/Services description: |
The company offers gems. |
|
Brands: |
AARNA GEMS |
|
Sales are: |
Wholesale |
|
Clients: |
Retailers |
|
Suppliers: |
NA |
|
Operations area: |
National |
|
The subject employs |
1 employee |
|
Payments: |
Slow but correct |
|
|
|
LOCATION |
|
|
Headquarters : |
6884 DILLINGWOOD DRIVE, MISSISSAUGA, ONTARIO CANADA L5N 7E4 |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found. |
|
Related Companies: |
No related companies were found. |
|
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information on shareholders. We were not
able to confirm major holders. |
|
Management: |
MRS. VANITA GUPTA |
|
|
|
FINANCIAL INFORMATION |
|
|
|
The company does not make its financial
statements public. Despite our long search, we were not able
to confirm financial figures for the subject. |
|
|
|
LEGAL FILINGS |
|
|
|
|
|
CASES |
No records found. |
|
|
|
|
RENEWAL HISTORY |
Last Document Recorded
Act/Code Description Form Date BCA ARTICLES OF INCORPORATION 1 2012/09/19 (ELECTRONIC FILING) |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY |
|
|
|
Founded in 2012, Aarna Gems Inc. is an organization in the Jewelry,
Watches, Precious Stones, and Precious Metals Industry headquartered in
Ontario, Canada. The company has 1 regular employee. It operates nationally. It is
ACTIVE in business with no negative records. The company shows low commercial profile, not being listed with yellow
pages or major credit bureaus. |
|
|
|
RISK INFORMATION |
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Slow but correct |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
- |
|
POSITION |
- |
|
COMMENTS |
Due to the company`s low commercial profile, we were not able to find
a telephone number for it. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.95 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.27 |
|
CAD |
1 |
INR 53.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.