MIRA INFORM REPORT
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Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
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Correct Name : |
LES ENTREPRISES MARSOLAIS |
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Registered Office : |
5045 Rue Ontario Est, Montreal, Quebec H1V 1M7 |
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Country : |
Canada |
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Year of Establishment : |
1968 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
importer and wholesaler of Cut Flowers, Tropical Plants, Potted Plants and Floral supplies in Canada. |
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No of Employees : |
30 |
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
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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.
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Source
: CIA |
Company
name & address
Company name: LES ENTREPRISES MARSOLAIS (correct Name)
Address: 5045 Rue Ontario Est,
Montreal, Quebec H1V 1M7 - Canada
Telephone: +1
514-254-7171
Fax: +1 514-254-4915
Website: www.marsolais.qc.ca
Company
summary
Corporate ID#: 1168990977
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 08-28-2013
Date founded: 1968
Name of manager: Hugo
GRENON
ACTIVITIES & OPERATIONS
History:
Business issued from the
merger with LES ENTREPRISES MARSOLAIS INC., incorporated in Quebec on October
1, 1995 under ID# 1145126158
Business:
Les Entreprises Marsolais, Inc., is one of the most important importer and wholesaler of cut flowers, tropical plants, potted plants and floral supplies in Canada.
Suppliers include:
COMERCIALIZADORA INTERNACIONAL GRANADA LTDA
VENIDA EL DORADO N 106 39 P 4 COLOMBIA
AGROSANALFONSO S.A
ECUADOR
Staff: 30
Operations & branches:
At the headquarters, we
find a 70,000
square foot warehouse, of which,
9,000 square feet are refrigerated.
SHAREHOLDERS
& MANAGERS
Shareholders:
1st shareholder:
GESTION SABRICO INC.
961 Rue Napoleon, Montreal,
Quebec H2L 1C6 – Canada
2nd shareholder:
9279-2241 QUEBEC INC.
4459 Rue Garnier, Montreal, Quebec H2J 3S3 - Canada
Management:
Hugo GRENON, President, Director and CEO
Graduate from Universite du Quebec a Montreal (UQAM) in 2004 with a MBA
in Corporate Financing.
Former Vice President at KMPG Corporate Finance from 2010 to 2013.
Nicolas LUSSIER is Secretary.
As far as we know, they are not involved in the parent companies.
Subsidiaries
And Partnership:
None
FINANCIALS
In Canada, 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.
No financials available at
this time.
Banks: Banque Nationale du Canada
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None