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Report No. : |
354327 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
BOMBAY & CO., INC. |
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Registered Office : |
98 Orfus Road, Toronto, Ontario M6A 1L9 |
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Country : |
Canada |
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Year of Establishment : |
1975 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Retail of Home Furniture and Accessories. |
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No. of Employees : |
100 + Part Time. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Under Bankruptcy |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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: BOMBAY & CO., INC.
Headquarters: 98 Orfus Road, Toronto, Ontario M6A
1L9 – Canada
Telephone: +1
416-780-0228
Fax: +1 416-642-0612
Distribution center: 3389
Steeles Avenue, East Brampton, Ontario L6T 5W4 – Canada
Telephone: +1
905-494-1118
Fax: +1 905-494-6014
Website: www.bombay.ca
Corporate ID#: ON-002383029
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: August 1,
2013
Date founded: 1975
Stock: -
Value: -
Name of manager: Freddy
BENITAH
Business:
Retail home furniture and accessories.
The Company is also doing business as LA COMPAGNIE BOMBAY.
Bombay & Co., Inc. operates furniture stores in Canada. It offers bedroom
furniture, such as beds, bedside tables/chests, dressers and chests, jewelry
and lingerie chests, quilt racks, valets, vanities, vanity chairs, and bedroom
accessories; office desks, chairs, and storage products; and dining chairs and
tables, dining storage products and table glass, and wine storage products.
The company also offers seating products that include benches, leather
chairs/settee, office chairs, ottomans, and upholstered chairs; living room
furniture, including chairs, curio cabinets, media storage, coffee tables,
consoles, end tables, and shelving/bookcases; accent and hall/console tables,
plant stands, magazine racks, and game tables; and accessories that comprise
blue and white products, candles and candleholders, clocks, decorative
accessories, frames, games, florals/garden, memorabilia/keepsake, novelty
products, and office accessories.
In addition, the company offers lighting products, such as accent/mini
lamps, buffet and table lamps, floor lamps, and chandeliers; wall décor, including
mirrors, floor mirrors, prints, sconces, and wall art and clocks; textiles,
such as bed linen/sheets, decorative pillows and throws, and table textiles;
and table top products that include dinnerware, flatware, serveware,
stemware/glassware, and table textiles.
Bombay & Co., Inc. was founded in 1975 and is based in Toronto,
Canada.
Staff: 100 + part time
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains 43
stores in Canada.
Shareholders:
FLUID BRANDS INC.
16 Renaissance Court
Thornhill, Ontario L4J7W4 - Canada
Management:
Freddy BENITAH is the President, Director and CEO.
He is also involved in:
Bowring & Co. Inc.
Benix & Co. Inc.
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.
No recent financials
available.
Banks: Royal Bank of Canada
Legal filings & complaints:
As of August 6, 2014, the company is in reorganization (bankruptcy)
Court File Number: CV-14-10659-00CL
Court and Judicial District: Ontario Superior Court of
Justice—Commercial List
OSB File Number: 0000219-2014-ON
Court-Appointed Monitor: Richter Advisory
Group Inc.
Website: www.richter.ca
Monitor's Representative: Paul Van Eyk
Address:
181 Bay Street, 33rd Floor
Toronto, Ontario M5J 2T3
Ph: +1 416-488-2345
Sister Companies
Bowring & Co. Inc.
Benix & Co. Inc.
are also in reorganization.
Secured debts summary: Several