|
Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC WHOLESALE
COMPANY LIMITED |
|
|
|
|
Registered Office : |
75 Green Court, Ajax, Ontario L1S 6W9 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Year of Establishment : |
1972 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
importer, distributor
& Supplier of Food Ingredients serving the Baking Industries |
|
|
|
|
No of Employees : |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
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 |
Company name: OLYMPIC WHOLESALE COMPANY LIMITED
Address: 75 Green Court, Ajax, Ontario L1S
6W9 - Canada
Telephone: +1
905-426-2699
Fax: +1 905-420-3372
Website: www.olympicwholesale.ca
Corporate ID#: ON-000425798
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 09-27-1979
Name of manager: Dan
PEROFF
Business:
Olympic Wholesale Company Limited is importer, distributor &
supplier of food ingredients serving the baking industries since 1972 in Canada
and the United States.
It currently distributes over 4000 listed products including name brand products and house brand product lines: Olympic, Tasty, Bakers and Pure Food Products.
Suppliers include:
GREAT NATURE IMPORT AND EXPORT (XIA GROUP)
8, ZHANGLIN, XIANGAN XIAMEN, 361001 CHINA
HUANG GUAN SPECIAL PRINTERYCO., LTD
NO.49, LANE 395, CHENG KUANG RD., TAIPEI NG DIST., TAICHUNG CITY 411, TAIWAN
Staff: 55
Operations & branches:
At the headquarters, we
find a warehouse and office on 70,000 sq. feet, including a 12,000 sq. ft. of
freeze space, owned.
Shareholders:
This is a PEROFF family
owned and managed company.
Management:
Dan PEROFF is the President and CEO Constantine PEROFF is Secretary
As far as we know, they are not involved in other local corporations.
Subsidiaries
and Partnership:
OLYMPIC WHOLESALE COMPANY (U.S.A.) LIMITED
Incorporated in Ontario on 11-30-2003
ID# ON-001590815
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent an email but no
answer received.
Outside sources (bank) gave
estimate sales for year 2013 in the range of
CAD 8,000,000+
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None