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Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
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Name : |
LOBLAW COMPANIES
LIMITED |
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Registered Office : |
22 St Clair Avenue East, Ste 800, Toronto, Ontario M4T 2S5 |
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Country : |
Canada |
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Date of Incorporation : |
18.01.1956 |
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Legal Form : |
Public Company |
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Line of Business : |
Subject operates as a food retailer and provider of drugstore, general
merchandise, and financial products as well as services primarily in Canada
and the United States. Subject operates through three segments:- Retail, Financial Services,
and Choice Properties. |
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No of Employees : |
138,000 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 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: LOBLAW COMPANIES LIMITED (in English)
LES
COMPANIES LOBLAW LIMITEE (in Frenckh)
Reg. Address: 22 St Clair Avenue East, Ste 800,
Toronto, Ontario M4T 2S5
Canada
Headquarters: 1 Presidents Choice Circle, Brampton, Ontario L6Y 5S5
– canada
Telephone: +1
905-459-2500
Fax: +1
905-861-2206
Website: www.loblaws.com
Corporate ID#: 126764
State: Federal
Judicial form: Public Company
Date incorporated: 01-18-1956
Stock: 412,730,072
shares issued and outstanding
(as of 04-25-2014)
Market capitalization: CAD 18,911,291,899=
Name of manager: Trius
VINCENTE
Business:
Loblaw Companies Limited operates as a food retailer and provider of
drugstore, general merchandise, and financial products as well as services
primarily in Canada and the United States.
It operates through three segments: Retail, Financial Services, and
Choice Properties.
The Retail segment operates in conventional and discount banners.
The conventional banners offer an assortment across various food and
complementary categories; and the discount banners deliver a selection of fresh
foods, health, apparel, and home needs. It owned store banners include Atlantic
Superstore, Box by No Frills, Dominion, Extra Foods, Loblaws, Maxi, Maxi &
Cie, Provigo, Provigo Le Marché, Real Canadian Superstore, T&T Supermarket,
and Zehrs Markets as well as wholesale outlets operating as Cash & Carry,
Presto, and The Real Canadian Wholesale Club. This segment’s franchised and
affiliated stores brands comprise Atlantic SaveEasy, Extra Foods, Fortinos,
Loblaw City Market, nofrills, Provigo, SuperValu, valu-mart, and Your
Independent Grocer.
The Financial Services segment provides credit card services, a retail
loyalty program, insurance brokerage services, personal banking services,
deposit taking services, and telecommunication services comprising gift card
and mobile phone services.
The Choice Properties segment owns and leases commercial properties.
Loblaw Companies Limited also markets control brand products in the food,
health and beauty, apparel, and general merchandise categories under brand
names, including President’s Choice, PC, no name, Joe Fresh, PC Organics, Blue
Menu, PC black label, Club Pack, Free From, The Decadent, PC G.R.E.E.N, PC
Nutrition First, Exact, T&T, Teddy’s Choice, Tera Gear, Jump Kids World,
and Everyday Essentials.
The company was founded in 1956 and is headquartered in Brampton,
Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.
Staff: 138,000
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains
supermarkets in Canada, including the one located:
2 Atlantic Avenue
Toronto, Ontario M6K 1X8
Shareholders:
WESTON FOOD DISTRIBUTION INC.
22 St. Clair Avenue East, Toronto, Ontario M4T 2S7 – Canada
Which is a
subsidiary of:
George Weston Limited
22 St. Clair Avenue East, Toronto, Ontario M4T 2S7 - Canada
(Listed with the Toronto Exchange
under symbol WN)
Management:
Vicente TRIUS is the President, Director and CEO since August 2, 2011.
He served as an Executive Director of Europe and Member of Executive
Board at Carrefour SA from May 3, 2010 to May 1, 2011. He served as the Chief
Executive Officer and President of Wal-Mart Asia International at Wal-Mart
Stores Inc., from January 2008 to July 6, 2009. He served as the Chief
Executive Officer and President of Wal-Mart Latin America of Wal-Mart Stores
Inc. from July 06, 2009 to 2010 and from July 6, 2009 to November 2009
respectively. He served as an Executive Vice President of Wal-Mart Stores Inc.
from January 2008 to 2010. Mr. Trius served as the Vice President of
international operations for Wal-Mart as well as the Chief Executive Officer of
Brazil and Asian divisions of Wal-Mart. He served as the Chief Executive
Officer and President of Wal-Mart of Asia International from January 2008 to
July 6, 2009. He served as Chief Executive Officer and President of WMS
Supermercados do Brasil S.A (also known as Wal-Mart Brasil Ltd). Prior to
joining Wal-Mart, he worked for Dairy Farm International and Revco Drugstores.
He has been Director of Loblaw Companies Limited. since 2013. Mr. Trius has
received numerous awards and honors including 'Executive of Value' from the
Brazilian Retail Sector in 2006 and 2007 as well as the Sam M. Walton
Entrepreneur of the Year Award, the highest honor awarded to a Wal-Mart
associate worldwide. His education includes an Executive MBA at Darden School
of Business and studies at the Harvard Business School of Executive Education,
Ashridge College in the U.K., and the University of Barcelona.
Galen G. WESTON is Executive Chairman and Director
Sarah Ruth DAVIS is the CFO.
Subsidiaries And Partnership:
Several in Canada
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Currency in |
As of: |
Jan 01 |
Dec 31 |
Dec 29 |
Dec 28 |
|
REVENUES |
30,836.0 |
31,250.0 |
31,604.0 |
32,371.0 |
|
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NET INCOME |
675.0 |
769.0 |
634.0 |
630.0 |
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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