MIRA
INFORM REPORT
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Report No. : |
305750 |
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Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MAXWELL FABRICS LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.03.1982 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Engaged as distributor of Decorative Upholstery, Drapery and Bedding Fabrics as well as Trimmings |
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No of Employees : |
40 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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, 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.
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Source : CIA |
Company name & address
Company name: MAXWELL FABRICS LTD
Address:
Telephone: +1
604-253-7744
Fax: +1 604-254-4422
Website: www.maxwellfabrics.com
Registration data
Corporate ID#: BC-0000250102
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 03-25-1982
Name of manager: Larry
GARAWAY
ACTIVITIES
& OPERATIONS
Business:
Engaged as distributor
of Decorative Upholstery, Drapery and Bedding Fabrics as well as
Trimmings
Office of the Foreign Assets Control (OFAC):
· The company is not listed on the OFAC list.
The
Specially Designated Nationals (SDN) List is a publication of OFAC which lists
individuals and organizations with whom United States citizens and permanent
residents are prohibited from doing business.
Foreign suppliers
include:
BEEKALENE FABRICS PVT.LTD.
BEEKALENE HOUSE, PLOT C1 1 T.T.C INDUSTRIAL AREA, THANE BELAPUR ROAD,
PAWANE VILLAGE NAVI MUMBAI 400705 INDIA
TONGXIANGSHI XINGFU TEXTILE CO LTD
NO 2 PHASE 5 INDUSTRIAL ZONE DAMA TOWN TONGXIANG CITY ZHEJIANG CHINA
Staff: 40
Operations & branches:
At the headquarters, we
find a warehouse, showroom and office.
The Company maintains
several showrooms in Canada.
SHAREHOLDERS & MANAGERS
Shareholders:
This is a private Company.
Management:
Oren GARAWAY is the President, Director and CEO.
Darlene AMES is Vice President, Secretary and Treasurer.
As far as we know,
they are involved in other corporations, including:
MAXWELL FABRICS INC.
4400 Fortune Avenue, Concord, NC 28027 (USA)
Incorporated in Washington on 06-23-2004
ID# 602406392
FINANCIALS
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 10,000,000+
The business is said to be
profitable.
Banks: HSBC Bank
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None