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Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CODAV FORSET
IMPORT-EXPORT INC. |
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Registered Office : |
433 Rue Chabanel Ouest, Bureau 804, Tour Sud, Montreal, Quebec H2N 2J8
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Country : |
Canada |
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Date of Incorporation : |
12.08.1998 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
importer and distributor
of Luxury Fashion in Canada |
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No of Employees : |
10 |
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: CODAV/FORSET IMPORT-EXPORT INC. (in
English)
LES
IMPORTATION-EXPORTATIONS COFAV/FORSET INC. (in French)
Address: 433 Rue Chabanel Ouest, Bureau 804,
Tour Sud,
Montreal,
Quebec H2N 2J8 - Canada
Telephone: +1
514-385-3452
Fax: +1 514-385-4600
Website: www.codavforest.com
Corporate ID#: 1164197494
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: December
1, 2006
Date founded: August 12, 1998
Name of manager: David
R’BIBO
History:
Business issued from the merger of:
LES IMPORTATIONS-EXPORTATIONS CODFAV/FORSET INC.
Incorporated in Quebec on August 12, 1998 – ID# 1147909692
FORSET IMPORT-EXPORT INC.
Incorporated in Quebec on May 16, 1995 – ID# 1147927587
LES INVESTISSEMENTS D.R. DAVCO INC.
Incorporated in Quebec on May 21, 2002 – ID# 1161944336
Business:
The Company is importer and distributor of luxury fashion in Canada.
Today, it brings European fashion to Canadian boutiques, through the
exclusive representation of its brands and its’ nationwide customer base.
Brands include J.C. RAGS, DEPT, PRIVEE, TONALA, and others.
Suppliers include:
TGS DIS TICARET
BAGLAR MAH OSMANPASA CD NO.95 IS ISTANBUL 34 PLAZA A BLOK KAT:9 TURKEY
Staff: 10
Operations & branches:
At the headquarters, we
find a showroom and office, on lease.
Shareholders:
CODAV IMPORT-EXPORT INC.
433 Rue Chabanel Ouest, Bureau 804, Tour Sud,
Montreal, Quebec H2N 2J8 - Canada
Incorporated in Quebec on 05-24-1995
ID# 1148036107
Management:
David R’BIBO is the President, Director and CEO.
As far as we know, he is involved in several other corporations,
including:
- CODAV IMPORT-EXPORT INC.
- D.R. DAVCO INVESTMENTS INC.
and others.
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
2013 is in the range of CAD 3,000,000+
The business is profitable.
Banks: Bank of Montreal
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None