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Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ABOND CORPORATION INC. |
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Formerly Known As : |
CORPORATION DE PLASTIQUES
ABOND |
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Registered Office : |
10050 Chemin de la Côte de Liesse, Lachine, Montreal, Quebec H8T 1A3 |
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Country : |
Canada |
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Date of Incorporation : |
16.03.1965 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures of plastic garment covers, baby products & toys, many
more specialty products, hotel supplies, plastic packaging |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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: CORPORATION ABOND INC (in French)
ABOND CORPORATION INC. (in English)
Address: 10050 Chemin de la Côte
de Liesse, Lachine,
Montreal,
Quebec H8T 1A3 - Canada
Telephone: +1
514-636-7979
Fax: +1 514-636-5878
Website: www.abondcorp.com
Corporate ID#: 1143078112
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 03-16-1965
Stock: -
Value: -
Name of manager: Sol
SCHIPPER
History:
10-30-2008
Name changed from
CORPORATION DE PLASTIQUES ABOND.
Business:
The Company manufactures plastic garment covers, baby products &
toys, many more specialty products, hotel supplies, plastic packaging.
Foreign suppliers
include:
SUZHOU HENGRUN IMPORT AND EXPORT CORP, LTD.
201 Zhu Hui Rd, Suzhou China
SHANGHAI BOSUN SUPPLY CHAIN MANAGEMENT CO.
LTD.
Room 3001/3005, Building 1, East Daming
Road, Hongkou District
Shanghai 200080 China
Staff: 25
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on 3,000 sq. ft.
Shareholders:
3387623 CANADA INC. (+50%)
10050 Chemin de la Côte de Liesse, Lachine, Montreal, Quebec H8T 1A3
3387615 CANADA INC.
10050 Chemin de la Côte de Liesse, Lachine, Montreal, Quebec H8T 1A3
Management:
Sol SCHIPPER is the President, Director and CEO.
As far as we know, he is also involved in the shareholders companies.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 7,000,000=
The business is said to be
profitable.
Banks: Banque de Montreal
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary:
None