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Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
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Name : |
HAGGAR CANADA CO. |
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Registered Office : |
91 Tycos Drive, 2nd floor,
North York, Ontario M6B 1W3 |
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Country : |
Canada |
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Date of Incorporation : |
17.08.1999 |
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Legal Form : |
Unlimited Liability |
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Line of Business : |
manufacturer of men's fine apparel into one of the
most recognized brands in the market, with Haggar® casual pants, dress pants,
suit separates and coordinates offering head-to-toe clothing options for
style-conscious men of all ages and professions. |
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No of Employees : |
50 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Canada |
A1 |
A1 |
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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 |
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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 |
Company name: HAGGAR CANADA CO.
Address: 91 Tycos Drive, 2nd
floor, North York, Ontario M6B 1W3 , Canada
Telephone: +1
416-652-3777
Fax: +1 416-652-6263
Website: www.haggarcanada.com
Corporate ID#: 3276997
State: Nova Scotia
Judicial form: Unlimited Liability
Date incorporated: 11-27-2013
Date founded: 08-17-1999
Name of manager: Michael
B. STITT
History:
Business issued from the merger of:
- HAGGAR CANADA CO.
(incorporated in Nova Scotia on 08-17-1999)
- TRIBAL GROUP HOLDINGS
INC.
- TIBAL SPORTSWEAR HOLDINGS
INC.
Business:
manufacturer of men's fine apparel into one of the most
recognized brands in the market, with Haggar® casual pants, dress pants, suit
separates and coordinates offering head-to-toe clothing options for
style-conscious men of all ages and professions.
Imports from worldwide and sells through family stores in Canada.
Suppliers include:
ZHEJIANG JIAXING BANYU GROUP COMPAN
NO.29 QUANTANG STREET PINGHU ZJ, CHINA
TALENT FOCUS INDUSTRIES LIMITED
126-140 TEXACO ROAD, HONG KONG 24150208
Staff: 50
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
HAGGAR CORP.
11511 Luna Road, Dallas, TX
75234 – USA
Management:
Brian MAIN, President
Michael B. STITT, Director and CEO
Timothy P. LYONS, Director
Robert D. ADAMEK, Treasurer
Marc W. JOSEPH, Secretary
Subsidiaries and partnership:
HAGGAR CANADA DIRECT INC.
91 Tycos Drive, 2nd floor, North York, Ontario M6B 1W3
Incorporated in Nova Scotia on 07-10-2012
ID# 3264713
In United States, 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.
Outside sources (bank) gave
estimate sales for year 2013 in the range of CAD 10,000,000=
The business is said to be
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: None