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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
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Name : |
A-Z FOAM LTD |
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Registered Office : |
811 Cundy Avenue, Delta, British Columbia V3M 5P6 |
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Country : |
Canada |
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Date of Incorporation : |
02.16.2012 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company manufactures memory foam mattresses, bedding accessories,
home furniture, and much more. Products are sold to hospitals, hotels, retailers in British Columbia |
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No. of Employees : |
60 |
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 – 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 |
A-Z FOAM LTD
Address: 811 Cundy Avenue, Delta,
British Columbia V3M 5P6 - Canada
Telephone: +1
604-525-1665
Fax: +1 604-525-1081
Website: www.a-zfoam.com
Corporate ID#: BC-0000932916
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 02-16-2012
Stock: -
Value: -
Name of manager: James
SPROULE
History:
On 08-13-2013, name changed
from A-Z FOAM (2012) LTD.
Business:
The Company manufactures memory foam mattresses, bedding accessories,
home furniture, and much more.
Products are sold to hospitals, hotels, retailers in British Columbia.
Foreign suppliers include:
RICHARD PIERIS NATURAL FOAMS LTD
EXPORT PROCESSING ZONE BIYAGAMA, MALWANA, SRI LANKA
Staff: 60
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
This is a private Company.
Management:
James SPROULE is the President, Director and CEO.
Graduate from Ryerson University in 1971 in Engineering Technologist.
As far as we know, he is involved in other corporations, including:
A-Z SPONGE & FOAM PRODUCTS LTD
Incorporated in British Columbia on 01-18-1990
ID# BC-0000380354
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 5,000,000=
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