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Report No. : |
335339 |
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Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
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Name : |
JOHN ROSS AND SONS LIMITED |
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Registered Office : |
171 Chain Lake Drive, Halifax, Nova Scotia B3S 1B3 |
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Country : |
Canada |
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Date of Incorporation : |
31.10.1955 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject includes the assembling, breaking up, sorting, and wholesale
distribution of scrap and waste materials. |
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No. of Employee : |
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, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, and electric power, and a top source of US uranium imports. 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 early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-14 and plans to balance the budget by 2015 despite the recent drop in oil prices. 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 and is the world’s fifth-largest oil producer.
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Source
: CIA |
JOHN ROSS AND SONS
LIMITED
Address: 171 Chain Lake Drive, Halifax, Nova
Scotia B3S 1B3 - Canada
Telephone: +1
902-450-5633
Fax: +1 902-450-5084
Website: www.jrsons.ca
Corporate ID#: 1010740
State: Nova Scotia
Judicial form: Limited Company
Date incorporated: 10-31-1955
Stock: -
Value: -
Name of manager: Norman
ROSS
Business:
John Ross And Sons Limited was founded in 1982.
The Company's line of business includes the assembling, breaking up,
sorting, and wholesale distribution of scrap and waste materials.
No name of foreign suppliers available.
Staff: 30
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
This is a ROSS family owned and managed company.
Management:
Norman ROSS is President, Director and CEO.
Jonathan D. ROSS is Director and Secretary.
Terry MARSHALL is the Controller.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
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 2014 is in the range of CAD 20,000,000=
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