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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
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Name : |
GROUPE BBH INC. |
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Formerly Known As : |
BARRY & BOULERICE
INC. |
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Registered Office : |
4400 Rue Hickmore, |
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Country : |
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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 ropes, work gloves, safety products, and work wear products
for the industrial, retail |
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No of Employees : |
25 |
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 : |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 high 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 merchandise exports each
year. Canada is the US's largest foreign supplier of energy, including oil,
gas, uranium, and electric power. Given its abundant 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 2010-13 and plans to balance the budget by 2015. In
addition, the country's petroleum sector is rapidly expanding, because Alberta's
oil sands significantly boosted Canada's proven oil reserves. Canada now ranks
third in the world in proved oil reserves behind Saudi Arabia and Venezuela.
|
Source
: CIA |
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
· FURNACE POCKET GANT FOURNAISE
· HORIZON & DESIGN ®
· HORIZON & STRIPE LOGO DESIGN ®
· HORIZON ®
· LE TRAVAILLEUR THE WORKER ®
· LES VENTES LORNE NADLER
· LNS
· LNS HORIZON & DESIGN
· LNS HORIZON
· LORNE NADLER SALES
· ONYX & DESIGN ®
· ONYX ®
· SPAUTO DESIGN
· SPWORK & DESIGN ®
· STILL-TUFF GANTS / GLOVES & DESIGN ®
· THERMOHOLD ®
· VIBRA-CUSHION ®
· WESTERN ®
· WINTER MASTER ®
· 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, nobody
accepted to answer any questions.
We sent a fax but no answer
received
Sales declared for year
2012 is in the range of CAD 15,000,000=
No financials available for
year 2013 but it is said that sales plunged.
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
TRADE REFERENCES:
Date reported: July 2014
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Office supply
Paying status: On terms
Date reported: July 2014
High credit: CAD 40,000+
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Payroll
Paying status: As agreed
Date reported: July 2014
High credit: CAD 500
Now owing: 0
Past due: 0
Last purchase: June 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history
appears as follow:
|
Monthly Payment
Trends - Recent Activity |
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
02/14 |
$2,100 |
100% |
0% |
0% |
0% |
0% |
|
03/14 |
$2,200 |
100% |
0% |
0% |
0% |
0% |
|
04/14 |
$2,100 |
100% |
0% |
0% |
0% |
0% |
|
05/14 |
$2,100 |
100% |
0% |
0% |
0% |
0% |
|
06/14 |
$2,200 |
100% |
0% |
0% |
0% |
0% |
|
07/14 |
$2,200 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made prompt and regular.
Payments of imports are currently made on terms.
The bank confirmed lower
sales in 2013.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
March 6, 2014.
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
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 |
|
<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.