MIRA INFORM REPORT
|
Report No. : |
305636 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MERRITHEW INTERNATIONAL, INC. |
|
|
|
|
Registered Office : |
2200 Yonge Street, Ste 500, Toronto, Ontario M4S 2C6 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
24.04.1995 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Subject is manufactures and sells exercise equipment. |
|
|
|
|
No. of Employee : |
110 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, uranium, and electric power. 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 financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-13 and plans to balance the budget by 2015. 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.
|
Source
: CIA |
Company
name and address
MERRITHEW
INTERNATIONAL, INC.
Address: 2200 Yonge Street, Ste 500, Toronto,
Ontario M4S 2C6 –
Canada
Telephone: +1
416-482-4050
Fax: +1 416-482-2742
Website: www.merrithew.com
Corporate ID#: ON-001127908
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 04-24-1995
Stock: -
Value: -
Name of manager: Lindsay MERRITHEW
ACTIVITIES & OPERATIONS
BUSINESS
The Company manufactures and sells exercise equipment.
Trademarks: Stott-Pilates, Zen-Ga, Core, Total Barre.
The Company is doing business as MERRITHEW HEALTH & FITNESS.
Exports worldwide.
No name of foreign suppliers available.
STAFF: 110
Operations & branches
At the headquarters, we
find a small factory, warehouse and office.
Shareholders
This is a MERRITHEW family
owned and managed company.
Management
Lindsay MERRITHEW is the President, Director and CEO.
He holds a Bachelor of Commerce degree from Dalhousie University in
Halifax, Nova Scotia, and is a graduate of the Juilliard School of Performing
Arts in New York City.
Moira MERRITHEW is Vice President.
Tony BAYLIS is the COO
As far as we know, they are not involved in other local corporations.
Subsidiaries And
partnership None
FINANCIALS
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 4,000,000=
The business is said to be
profitable.
Banks
Scotia Bank
LEGAL
FILINGS
Legal filings
& complaints
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary: None