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Report Date : |
29.04.2013 |
IDENTIFICATION DETAILS
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Name : |
GORILLA BRAKE & COMPONENTS INC. |
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Registered Office : |
46 Sinclair Blvd, Brantford, Ontario N3S 7Y1 |
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Country : |
Canada |
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Date of Incorporation : |
13.02.2004 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacture, import and wholesale brake shoes. |
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No. of Employees : |
20 |
RATING & COMMENTS
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
Source
: CIA
GORILLA BRAKE AND COMPONENTS
The corporate name is:
Company name: GORILLA BRAKE & COMPONENTS INC.
Address: 46 Sinclair Blvd, Brantford, Ontario
N3S 7Y1 - Canada
Telephone: +1
519-770-4844
Fax: +1 519-770-0123
Website: www.gbandcinc.com
Corporate ID#: ON-00016069994
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 02-13-2004
Stock: -
Value: -
Name of manager: Andre
LALONDE
Business:
Manufacture, import and wholesale brake shoes.
Suppliers include:
SUNDARAM BRAKE LININGS LIMITED
PLOT NO: AA-6, 6TH AVENUE, AUTO ANCILLARY SEZ, MAHINDRA WORLD CITY,
CHENGALPET, TAMIL NADU, INDIA
WANXIANG IMP. & EXP. CO., LTD
NINGWEI TOWN, XIAOSHAN, HANGZHOU, ZHEJIANG, CHINA
Staff: 20
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
Andre LALONDE is the owner.
Management:
Andre LALONDE is the
President and CEO.
1988-1994: President with Altec Brake Systems.
1994-2004: Director with Carlisle Transportation Products.
As far as we know, he is not involved in other local corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Sales declared for year
2012 is in the range of CAD 4,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None