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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
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Name : |
GROUPE BBH INC. |
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Registered Office : |
4400 Rue Hickmore, Montreal, Quebec H4T 1K2 |
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Country : |
Canada |
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Date of Incorporation : |
03.12.2003 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Supplies of ropes, work gloves, safety products, and work wear
products for the industrial, retail, and specialty markets in Canada. |
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No. of Employees : |
25 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 a 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
Company name: GROUPE BBH INC.
Address: 4400 Rue Hickmore, Montreal, Quebec
H4T 1K2 - Canada
Telephone: +1 514-633-6744
Fax: +1 514-633-0506
Website: www.groupebbh.com
Corporate ID#: 1161906251
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: December
3, 2003
Stock: -
Value: -
Name of manager: Claude
LAMPRON
History:
Business issued from the
merger of:
BARRY & BOULERICE INC.
9136-3390 QUEBEC INC.
Name changed from BARRY
& BOULERICE INC. on 03-22-2007.
Business:
Groupe BBH Inc. supplies ropes, work gloves, safety products, and work
wear products for the industrial, retail, and specialty markets in Canada.
It offers gloves in various categories, such as leather, textile,
dexterity, cut resistant, chemical protection, ladies and junior, disposables,
welding, mechanics, gardening, winter, multipacks, terra, and dickies; ropes
made of cotton, jute, manila, nylon, polyester, polypro, and sisal; and
workwear, which include all season, summer, and winter wear products; and
rainwear, footwear, accessories, undergarments, and Hi-Vis products.
Brands include:
|
ECONO ® |
|
ÉQUIPEMENT DE SÉCURITÉ LNS |
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FURNACE POCKET GANT FOURNAISE |
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HORIZON & DESIGN ® |
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HORIZON & STRIPE LOGO DESIGN ® |
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HORIZON ® |
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LE TRAVAILLEUR THE WORKER ® |
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LES VENTES LORNE NADLER |
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LNS |
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LNS HORIZON & DESIGN |
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LNS HORIZON |
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LORNE NADLER SALES |
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ONYX & DESIGN ® |
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ONYX ® |
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SPAUTO DESIGN |
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SPWORK & DESIGN ® |
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STILL-TUFF GANTS / GLOVES & DESIGN ® |
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THERMOHOLD ® |
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VIBRA-CUSHION ® |
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WESTERN ® |
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WINTER MASTER ® |
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WORK TUFF ® |
Suppliers
include:
JPA (TIANJIN) PLASTIC RUBBER CO.
LTD.ADD NO.17 HAIBIN NO.7 ROAD FREE TRADE ZONE TIANJIN CHINA 300461
HILOS AGRICOLAS DE YUCATAN S.A. DE C.V.
CALLE 41 #458 - T X 38 Y 42 MERIDA, YUCATAN
MEXICO
Staff: 25
Operations & branches:
At the headquarters, we find
a warehouse and office, owned.
Shareholders:
Claude LAMPRON is the
owner.
Management:
Claude LAMPRON is the President, Director and CEO
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.
Sales declared for year
2012 is in the range of CAD 15,000,000=
The business is profitable.
Banks: Banque de Montreal
Banque du Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
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|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.