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Report No. : |
302408 |
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Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
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Name : |
LOBLAWS INC. |
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Formerly Known As : |
LOBLAW GROCETERIAS CO., LTD. |
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Registered Office : |
22 St. Clair Avenue, Ste 1901, Toronto, Ontario M4T 2S7 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2008 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
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Subject operates supermarkets in Canada. ·
Its stores offer products in various categories,
which comprise baby, bakery, baking and cooking, breads, canned food,
cereals, grains and rice, coffee and tea, condiments, cookies and crackers,
dairy, deli, deli and dips, floral, frozen desserts, frozen foods, frozen
meat, fruit and veggie, health and beauty needs, household, household
cleaning products, juices and drinks, meat and poultry, pasta, pets, produce,
seafood, snacks and chips, and soft drinks. |
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No. of Employee : |
192,000 [For The Group] |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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: LOBLAWS INC.
Reg. address: 22 St. Clair Avenue, Ste 1901,
Toronto, Ontario M4T 2S7 Canada
Headquarters: 1 Presidents Choice Circle, Brampton, Ontario L6Y 5S5 – Canada
Telephone: +1905-459-2500
Fax: +1 905-861-2206
Website: www.loblaws.com
Corporate ID#: ON-0001758457
State: Ontario
Judicial form: Ontario Corporation – Profit
Date incorporated: 01-01-2008
Stock: -
Value: -
Name of manager: VINCENTE TRIUS
Business:
Business started on 01-01-1989.
Loblaws, Inc. operates supermarkets in Canada.
Its stores offer products in various categories, which comprise baby,
bakery, baking and cooking, breads, canned food, cereals, grains and rice,
coffee and tea, condiments, cookies and crackers, dairy, deli, deli and dips,
floral, frozen desserts, frozen foods, frozen meat, fruit and veggie, health
and beauty needs, household, household cleaning products, juices and drinks,
meat and poultry, pasta, pets, produce, seafood, snacks and chips, and soft
drinks.
Loblaws, Inc. was formerly known as Loblaw Groceterias Co., Ltd.
The company was founded in 1919 and is headquartered in Toronto, Canada.
Loblaws, Inc. operates as a subsidiary of Loblaw Companies Limited.
Staff: 192,000 (for the group)
Operations & branches:
At above address, we find
the corporate office.
The Company maintains
supermarkets in Ontario and Quebec.
Shareholders:
LOBLAW COMPANIES LIMITED
1 Presidents Choice Circle,
Brampton, Ontario L6Y 5S5
Loblaw Companies Limited operates as a food retailer; and provides
drugstore, general merchandise, and financial products and services primarily
in Canada and the United States. It operates in two segments, Retail and
Financial Services. The company operates its owned stores under the Atlantic
Superstore, Dominion, Extra Foods, Loblaws, Maxi, Maxi & Cie, Provigo, The
Real Canadian Superstore, T&T Supermarket, and Zehrs banners; wholesale
outlets under the Cash & Carry, Presto, and The Real Canadian Wholesale
Club names; and franchised and affiliated stores under the Atlantic SaveEasy,
Fortinos, Extra Foods, nofrills, SuperValu, valu-mart, Provigo, and Your
Independent Grocer trade names. It operates approximately 1,000 corporate and
franchised stores from coast to coast. The company also markets control label
products in the food, health and beauty, apparel, and general merchandise
categories under the President’s Choice, PC, no name, Joe Fresh, PC Organics,
Blue Menu, PC black label, Club Pack, PC G.R.E.E.N, Exact, Teddy’s Choice, PC
Home, and Everyday Essentials brand names.
In addition, it provides financial products and services comprising the
President’s Choice Financial MasterCard, an investment certificate product
through the broker channel; personal banking services; deposit taking services;
PC points loyalty program; home, auto, travel, and pet insurance; and gift card
and mobile phone services, such as The Mobile Shop and PC Mobile. The company
was incorporated in 1956 and is headquartered in Brampton, Canada.
Loblaw Companies Limited is a subsidiary of George Weston Limited.
The Company is listed with the Toronto Stock Exchange under symbol L.
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Currency in |
As of: |
Jan 01 |
Dec 31 |
Dec 29 |
Dec 28 |
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REVENUES |
30,836.0 |
31,250.0 |
31,604.0 |
32,371.0 |
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NET INCOME |
675.0 |
769.0 |
634.0 |
630.0 |
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Management:
Mr. Vicente Trius has been the President of Loblaw at George Weston Limited
since August 2, 2011. Mr. Trius serves as the President and Member of
Management Board at Loblaw Companies Limited.
He served as an Executive Director of Europe and Member of Executive
Board at Carrefour SA from May 3, 2010 to May 1, 2011.
He served as the Chief Executive Officer and President of Wal-Mart Asia
International at Wal-Mart Stores Inc., from January 2008 to July 6, 2009. He
served as the Chief Executive Officer and President of Wal-Mart Latin America
of Wal-Mart Stores Inc. from July 06, 2009 to 2010 and from July 6, 2009 to
November 2009 respectively. He served as an Executive Vice President of
Wal-Mart Stores Inc. from January 2008 to 2010. Mr. Trius served as the Vice
President of international operations for Wal-Mart as well as Chief Executive
Officer of Brazil and Asian divisions of Wal-Mart. He served as the Chief
Executive Officer and President of Wal-Mart of Asia International from January
2008 to July 6, 2009. He served as Chief Executive Officer and President of WMS
Supermercados do Brasil S.A (also known as Wal-Mart Brasil Ltd). Prior to
joining Wal-Mart, he worked for Dairy Farm International and Revco Drugstores.
Mr. Trius has received numerous awards and honors including 'Executive of
Value' from the Brazilian Retail Sector in 2006 and 2007 as well as the Sam M.
Walton Entrepreneur of the Year Award, the highest honor awarded to a Wal-Mart
associate worldwide.
His education includes an Executive MBA at Darden School of Business and
studies at the Harvard Business School of Executive Education, Ashridge College
in the U.K., and the University of Barcelona.
Sarah DAVIS is Director and CFO.
Others Directors include David G. GORe AND Lisa POPOVITCH.
Subsidiaries & 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 confirmed that all
financials are consolidated into the parent company.
The business is profitable.
Banks:
HSBC Bank
Royal Bank of Canada
CIBC
Legal filings
& complaints:
As of today date, there is no legal filing pending with the District
Courts.
Secured debts summary: Several
National Credit Bureaus give
a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments of
imports were made on terms.
The Company maintains a
strong business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last annual report was
filed on 12-22-2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.40 |
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1 |
Rs.94.17 |
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Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.