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Report No. : |
336040 |
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Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SPRINGS CANADA, INC. |
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Registered Office : |
110 Matheson Blvd, Ste 200, Mississauga, Ontario L5R 3T4 |
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Country : |
Canada |
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Date of Incorporation : |
30.12.1994 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of bed and bath integrated textile home
furnishings worldwide. |
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No. of Employee : |
70 |
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 – 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 |
SPRINGS CANADA,
INC.
Address: 110 Matheson Blvd, Ste 200, Mississauga,
Ontario L5R 3T4
Canada
Telephone: +1
905-890-4994
Fax: +1 905-507-5070
Website: www.springs.com
Corporate ID#: ON-0001004509
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-30-1994
Stock: -
Value: -
Name of manager: George
B. GAMBRELL
Business:
Springs Canada, Inc. is importer and wholesaler of bed and bath
integrated textile home furnishings worldwide. It offers sheets and pillow cases,
comforters, duvets, ensembles, soft decorative window fashions, quilts,
pillows, mattress pads, blankets, towels, shower curtains, bath rugs, and bath
accessories.
The company sells its products through retailers.
It offers products from the Wamsutta, Springmaid, Artex, Santista, Regal
and Dundee brands.
The Company imports maintain from Asia.
Staff: 70
Operations & branches:
At the headquarters, we
find a warehouse and office, on lease.
Shareholders:
Springs Global Participaçơes S.A.
Avenue Magalhaes Pinto 4000
Montes Claros, MG 39404-166
Brazil
Springs Global Participaçơes S.A., through its subsidiaries, engages in
the manufacture and sale of textile home furnishings primarily in Brazil, the
United States, Argentina, and Canada.
The Company is listed in Sao Paulo under symbol SGPS3.
Management:
George B. GAMBRELL is the
President, Director and CEO.
(no antecedents available).
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.
Sales declared for year
2014 is in the range of CAD 16,000,000+
(same as 2013)
The business is profitable.
Banks: Royal Bank of Canada
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several