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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
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Name : |
SPRINGS CANADA, INC. |
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Registered Office : |
110 Matheson Blvd, Ste 200, Mississauga, Ontario L5R 3T4 |
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Country : |
Canada |
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Date of Incorporation : |
30.12.1994 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of bed and bath integrated textile home furnishings worldwide |
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No. of Employees : |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
-- |
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) |
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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
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: SPRINGS CANADA, INC.
Address: 110 Matheson Blvd, Ste 200,
Mississauga, Ontario L5R 3T4
Canada
Telephone: +1 905-890-4994
Fax: +1 905-507-5070
Website: www.springs.com
Corporate ID#: ON-0001004509
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-30-1994
Stock: -
Value: -
Name of manager: George
B. GAMBRELL
Business:
Springs Canada, Inc. is importer and wholesaler of bed and bath integrated
textile home furnishings worldwide. It offers sheets and pillow cases,
comforters, duvets, ensembles, soft decorative window fashions, quilts,
pillows, mattress pads, blankets, towels, shower curtains, bath rugs, and bath
accessories. The company sells its products through retailers.
The company offers products from the Wamsutta, Springmaid, Artex,
Santista, Regal and Dundee brands.
The Company imports maintain from Asia.
Staff: 70
Operations & branches:
At the headquarters, we
find a warehouse and office, on lease.
Shareholders:
Springs Global Participações S.A.
Avenue Magalhaes Pinto 4000
Montes Claros, MG 39404-166
Brazil
Springs Global Participações S.A., through its subsidiaries, engages in
the manufacture and sale of textile home furnishings primarily in Brazil, the
United States, Argentina, and Canada.
The Company is listed in Sao Paulo under symbol SGPS3.
Management:
George B. GAMBRELL is the
President and CEO.
(no antecedents available).
Subsidiaries
And partnership: None
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2012 is in the range of CAD 16,000,000+
The business is profitable.
Banks: Royal Bank of Canada
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several