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Report Date : |
23.02.2013 |
IDENTIFICATION DETAILS
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Name : |
SUZY’S INC. |
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Registered Office : |
50 Dufflaw Road, Toronto, Ontario M6A 2W1 |
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Country : |
Canada |
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Date of Incorporation : |
1966 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subjects operate a chain of more than 190 women apparel retail stores. |
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No. of Employees : |
2,000 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 : |
Good |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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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: SUZY’S INC.
Address: 50 Dufflaw Road,
Toronto, Ontario M6A 2W1 - Canada
Telephone: +1
416-789-6999
Fax: +1 416-789-6956
Website: www.ym-inc.com
Corporate ID#: 4479041
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: June 1,
2008
Date founded: 1966
Stock: -
Value: -
Name of manager: Michael
GOLDGRUB
History:
Business issued from the
merger of:
SUZY’S INC. (Federal ID#
4116305)
3652769 CANADA INC.
(Federal ID# 3652769)
EXPLOSIVE FASHIONS INC
(Federal ID# 1948156)
Business:
Suzy's, Inc. operates a chain of more than 190 women apparel retail
stores in Canada.
The company offers blazers and vests, bottoms, dresses, outerwear,
shirts and blouses, suit collections, sweaters, and tops; footwear; and
accessories, including belts, handbags, hats, gloves and scarves, and
umbrellas. It also offers products online.
The company was founded in 1966 and is based in Toronto, Canada.
Suzy's, Inc. operates as a subsidiary of Y.M., Inc.
Staff: 2,000
Operations & branches:
At the headquarters, we
find a large showroom, warehouse and office.
The Company maintains more
than 190 stores in Canada.
Shareholders:
YM INC
50 Dufflaw Road, Toronto, Ontario M6A 2W1
Federal Corporation
Incorporated on 10-28-2012
ID# 8228426
Management:
Michael GOLDGRUB is the
President, Director and CEO
John CIOLFI is Director
As far as we know, they are involved in other corporations, including:
YM INC
50 Dufflaw Road, Toronto, Ontario M6A 2W1
SUZY SHIER (CANADA) LIMITED
50 Dufflaw Road, Toronto, Ontario M6A 2W1
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 180,000,000=
The business is profitable.
Banks: Royal Bank of Canada
Scotia Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None