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Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MARIMAC INC. |
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Registered Office : |
6395 Chemin de la Cote de Liesse, |
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Country : |
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Date of Incorporation : |
24.07.1978 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
manufacturer, importer and wholesaler of complete bedroom ensembles for adults,
teens and juveniles, including comforters, duvet covers, pillow shams,
sheets, bed skirts, window treatments, decorative pillows, and accessories. |
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No. of Employees : |
200 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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: MARIMAC INC.
Address: 6395 Chemin de la Cote
de Liesse, Montreal, Quebec H4T 1E5, Canada
Telephone: +1
514-376-7882
Fax: +1 514-376-0801
Website: www.marimac.com
Corporate ID#: 731706
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 07-24-1978
Stock: -
Value: -
Name of manager: Paul
NASSAR
Business:
The Company is manufacturer, importer and wholesaler of complete bedroom ensembles for adults, teens
and juveniles, including comforters, duvet covers, pillow shams, sheets, bed
skirts, window treatments, decorative pillows, and accessories.
Brands include ASHANTI, BLANC DE BLANC, LAUREN TAYLOR, and others.
The Company imports mainly from India.
Staff: 200
Operations & branches:
At the headquarters, we
find a large warehouse, showroom and office.
The Company maintains a
factory located:
24 Bath Rd RR 2, Iroquois, Ontario K0E 1K0
Ph: +1 613-652-1112
Shareholders:
3476847 CANADA INC.
6395 Chemin de la Cote de Liesse, Montreal, Quebec H4T 1E5
Management:
Paul NASSAR is the President, Director and CEO.
As far as we know, he is also the President, Director and CEO with:
LITERIES UNIVERSELLES PAGA INC.
6395 Chemin de la Cote de Liesse, Montreal, Quebec H4T 1E5
Incorporated in Quebec on October 1, 2009
ID# 1166188756
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.
However, sales estimate for
year 2012 is in the range of CAD 20,000,000=
The business is said to be
profitable.
Banks: Caisse Desjardins
Montreal, Quebec
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None