|
Report Date : |
07.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC INDUSTRIES, INC. |
|
|
|
|
Registered Office : |
221 Esplanade West, |
|
|
|
|
Country : |
|
|
|
|
|
Year of Incorporation : |
1972 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Subject engages in the manufacture, distribution, and
wholesale of forest products in |
|
|
|
|
No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 and 2011 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
Company name: OLYMPIC INDUSTRIES, INC.
Address: 221 Esplanade West,
North Vancouver, British Columbia V7M 3J8 -
Canada
Telephone: +1
604-985-2115
Fax: +1 604-985-3984
Website: www.olympicind.com
Corporate ID#: BC-0000141140
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 09-17-1975
Date founded: 1972
Stock: -
Value: -
Name of manager: Gerry PANKRATZ
Business:
Olympic Industries Inc. engages in the manufacture, distribution, and
wholesale of forest products in North America.
The company manufactures products of western red cedar, pine, and
spruce.
It also exports various wood products, such as building and remanufacturing
material, and finished products primarily to markets in North America, Asia,
and Europe.
The company was founded in 1972 and is based in North Vancouver, Canada.
Olympic Industries Inc. operates as a subsidiary of Forest City Trading Group,
LLC.
Suppliers include:
Jinan Easyway Stone Co., Ltd.
1706 HengChang Tower, 288 JingSi Road, Jinan, China 250001
Staff: 35
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
FOREST CITY TRADING GROUP, LLC
10250 SW Greenburg Road, Suite 300
Portland, Oregon 97223 - USA
Ph: 503-246-8500
Fx: 503-246-1391
Management:
Gerry PANKRATZ is the President, Director and CEO
He was names President in February 2009.
Carla HUBERT is Controller.
As far as we know, they are 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.
However, sales estimate for
year 2011 is in the range of CAD 245,000,000=
The business is profitable.
Banks: Scotia Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None