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Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
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Name : |
JAY-LOR CANADA INC. |
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Registered Office : |
71213 10th Line, East Garafraxa, Ontario L9W 6Z9 |
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Country : |
Canada |
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Date of Incorporation : |
20.09.2001 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
manufactures and sells Vertical TMR (Total Mixed
Rations) Mixers for dairy and beef farmers and for compost applications |
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No. of Employees : |
59 (for the group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
canada ECONOMIC OVERVIEW
As an affluent,
high-tech industrial society in the trillion-dollar class, Canada resembles the
US in its market-oriented economic system, pattern of production, and affluent
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. The 1989
US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade
Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in
trade and economic integration with the US its principal trading partner.
Canada enjoys a substantial trade surplus with the US, which absorbs about
three-fourths of Canadian exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
great natural resources, highly skilled labor force, and modern capital plant,
Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the
global economic crisis, the economy dropped into a sharp recession in the final
months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12
years of surplus. Canada's major banks, however, 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.
Canada achieved marginal growth in 2010-12 and plans to balance the budget by
2015. In addition, the country's petroleum sector is rapidly becoming an even
larger economic driver with Alberta's oil sands significantly boosting Canada's
proven oil reserves, ranking the country third in the world behind Saudi Arabia
and Venezuela.
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Source : CIA |
Company name: JAY-LOR CANADA INC.
Address: 71213 10th Line, East
Garafraxa, Ontario L9W 6Z9, Canada
Telephone: +1
519-787-9353
Fax: +1 519-787-7053
Website: www.jaylor.com
Corporate ID#: 3890163
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 09-20-2001
Stock: -
Value: -
Name of manager: Jake
TAMMINGA
Business:
JAY•LOR CANADA, through its subsidiaries, manufactures and sells
Vertical TMR (Total Mixed Rations) Mixers for dairy and beef farmers and for
compost applications.
This is a family owned business that produces and sells our mixers
across North American and to 25 countries around the world.
JAY-LOR is one of the top selling and top quality mixers on the market
today. JAY-LOR is an industry leader in innovation and product development.
The Company imports mainly from Asia and sells worldwide.
Staff: 59 (for the group)
Operations & branches:
At the headquarters, we find
a large factory, warehouse and office, owned.
Shareholders:
This is a TAMMINGA family
owned and managed company.
Management:
Lorraine TAMMINGA is the only Director
Jake TAMMINGA is the President and CEO.
Gerry TAMMINGA is the General Manager.
As far as we know,
they are involved in other corporations, including:
JAY-LOR
FABRICATING, INC.
Incorporated in Ontario on 12-17-1999
ID# 001384993
JAY-LOR
INTERNATIONAL INC.
Incorporated in Ontario on 12-22-1993
ID# 001054528
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 8,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
152 Main Street, Erin, Ontario
Ph: 519-833-1008
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None