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Report No. : |
336664 |
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Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SUZY’S INC. |
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Registered Office : |
50 Dufflaw Road, Toronto, Ontario M6A 2W1 |
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Country : |
Canada |
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Year of Establishment : |
1966 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
· Suzy's, Inc. operates a chain of more than 190 women apparel retail stores. · The company offers blazers and vests, bottoms, dresses, outerwear, shirts and blouses, suit collections, sweaters, and tops; footwear; and accessories, including belts, handbags, hats, gloves and scarves, and umbrellas. |
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No. of Employees : |
2,000+ |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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.
|
Source
: CIA |
Company name: SUZY’S INC.
Address: 50 Dufflaw Road, Toronto, Ontario
M6A 2W1 - Canada
Telephone: +1
416-789-6999
Fax: +1 416-789-6956
Website: www.ym-inc.com
Corporate ID#: 4479041
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: June 1,
2008
Date founded: 1966
Stock: -
Value: -
Name of manager: Michael
GOLDGRUB
History:
Business issued from the
merger of:
SUZY’S INC. (Federal ID#
4116305)
3652769 CANADA INC.
(Federal ID# 3652769)
EXPLOSIVE FASHIONS INC
(Federal ID# 1948156)
Business:
Suzy's, Inc. operates a chain of more than 190 women apparel retail
stores in Canada.
The company offers blazers and vests, bottoms, dresses, outerwear,
shirts and blouses, suit collections, sweaters, and tops; footwear; and
accessories, including belts, handbags, hats, gloves and scarves, and
umbrellas. It also offers products online.
The company was founded in 1966 and is based in Toronto, Canada.
Staff: 2,000+
Operations & branches:
At the headquarters, we
find a large showroom, warehouse and office.
The Company maintains more
than 190 stores in Canada, including the ione located:
5700 Rue Ferrier
Montreal, Quebec H4P 1M7
Ph: +1 514-382-5589
Fx: +1 514-382-1157
Shareholders:
- 2028717 ONTARIO INC.
- 4175131 CANADA INC.
Management:
John CIOLFI is President
and Director.
Michael GOLDGRUB is
Director
Brooke MILLER is Secretary.
Morley BEALLOR is the
Principal Manager.
As far as we know, they are involved in other corporations, including:
YM INC
50 Dufflaw Road, Toronto, Ontario M6A 2W1
SUZY SHIER (CANADA) LIMITED
50 Dufflaw Road, Toronto, Ontario M6A 2W1
THRIFTYS INC. (2005)
50 Dufflaw Road, Toronto, Ontario M6A 2W1
SIBLINGS INC.
50 Dufflaw Road, Toronto, Ontario M6A 2W1
and others.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 200,000,000=
The business is profitable.
Banks: Royal Bank of Canada
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None