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Report No. : |
309165 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PARASUCO JEANS INC. |
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Registered Office : |
128 Rue Deslauriers, Montreal, Quebec H4N 1V |
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Country : |
Canada |
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Date of Incorporation : |
17.10.1975 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures, imports and sells jeans, jackets and related products |
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No. of Employee : |
80 |
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: LES
JEANS PARASUCO INC. (in French)
PARASUCO
JEANS INC. (in English)
Address: 128 Rue Deslauriers,
Montreal, Quebec H4N 1V8 - Canada
Telephone: +1
514-334-0888
Fax: +1 514-334-9833
Website: www.parasuco.com
Corporate ID#: 1142124933
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 10-17-1975
Stock: -
Value: -
Name of manager: Salvatore
PARASUCO
Business:
The Company manufactures, imports and sells jeans, jackets and related
products.
The Company is using the following registered business names:
- LA COLLECTION PARASUCO
- LES JEANS SANTANA
- PARASUCO CLOTHING
- PARASUCO COLLECTION
- PARTISANS DE LA PAIX
- PEOPLE FOR PEACE
- R.C.S.P.
- SANTANA JEANS
No name of foreign suppliers available.
Staff: 80
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
4111508 CANADA INC.
128 Rue Deslauriers, Montreal, Quebec H4N 1V8
Management:
Salvatore PARASUCO is the President, Director and CEO.
Rosie SALCITO is Vice President and Secretary.
Angelo GIANINO, CFO
As far as we know, he is they are involved in other corporations,
including:
Canada:
- VENTE AU DETAIL PARASUCO INC.
- LICENCES PARASUCO INC.
- PARASUCO INTERNATIONAL LTEE
- VENTE AU DETAIL PARASUCO AMERICA INC.
USA:
- PARASUCO USA LTD
- PARASUCO USA HOLDING, INC.
- PARASUCO RETAIL USA, INC.
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 30,000,000=
The business is profitable.
Banks: Banque de Montreal
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None