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Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
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Name : |
NISE N KOSY INCORPORATED |
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Registered Office : |
120 Overbrook Place, Ste 100, North York, Ontario M3H 4P8 |
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Country : |
Canada |
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Date of Incorporation : |
24.10.1972 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company is importer
and retailer of family clothing. |
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No. of Employees : |
130 |
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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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.
|
Source
: CIA |
Company name: NISE N KOSY INCORPORATED
Address: 120 Overbrook Place, Ste 100, North
York, Ontario M3H 4P8 Canada
Telephone: +1
416-665-8802
Fax: +1 416-665-4688
Website: www.incredibleclothing.com
Corporate ID#: ON-000262189
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-24-1972
Stock: -
Value: -
Name of manager: Abe
GLOWINSKY
Business:
The Company is importer and
retailer of family clothing.
Foreign suppliers
include:
NEW MINGDA (CAMBODIA) CO., LTD
PHUM TUOL PONGRA, SANGKAT CHOM CHAOKHAN DANGKOR,
PHNOM PENH, CAMBODIA
SUPER KNITTING & DYEING MILLS LTD
BAIZID BOSTAMI ROAD, NASIRABAD, INDIA
Staff: 130
Operations & branches:
At the headquarters, we
find a large store, warehouse and office.
Shareholders:
This is a private Company.
Management:
Abe GLOWINSKY is the
President, Director and CEO.
He is well appreciated with
the community.
Subsidiaries and
partnership:
None
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 10,000,000=
The business is profitable.
Banks: HSBC Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None