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Report No. : |
351908 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
PEERLESS CLOTHING INC. |
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Registered Office : |
8888 Bd Pie IX, Montreal, Quebec H1Z 4J5 |
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Country : |
Canada |
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Year of Establishment : |
1919 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures of Men's Tailored Clothing Products. |
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No. of Employees : |
2,050+ |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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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
|
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 |
Your order on: VETEMENTS
The correct name is:
Company name: VETEMENTS PEERLESS ONC (in French)
PEERLESS CLOTHING INC. (in English)
Address: 8888 Bd Pie IX, Montreal, Quebec H1Z
4J5 - Canada
Telephone: +1
514-593-9300
Fax: +1 514-593-9640
Website: www.peerless-clothing.com
Corporate ID#: 1143029099
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: November
2, 1962
Date founded: 1919
Stock: -
Value: -
Name of manager: Alvin
SEGAL
Business:
Vêtements Peerless Inc. manufactures men's tailored clothing products.
The company’s products include men's and boy's tailored suits, suit
separates, sport coats, tuxedos, and trousers.
It also distributes Canadian made and imported men's tailored clothing
to major department and specialty store retailers in the United States.
The company was founded in 1919 and is based in Montréal, Canada.
As the largest domestic producer of fine tailored clothing in North
America, Peerless produces under the following labels: Bill Blass, IZOD, DKNY,
CHAPS,
John Varvatos, Michael Kors, Shaquille O'Neal, and
others.
Foreign suppliers include:
TIANJIN TEXTILE GROUP IMP EXP INC
NO 3 YUNNAN ROAD TIANJIN CITY CHINA
Staff: 2,050+
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office.
Shareholders:
BAREJO HOLDINGS INC.
8888 Bd Pie IX, Montreal, Quebec H1Z 4J5
(major shareholder)
Management:
Alvin SEGAL is the Chairman and CEO.
Joel SEGAL is President and Secretary.
Barbara QEGAL and Renee SEGAL are Vice Presidents.
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 and gave sales for year 2014
in excess of CAD 60,000,000+
The business is profitable.
Banks: Banque de Montreal
HSBC
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None