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Report No. : |
324331 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
M & M FOOTWEAR INC. |
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Registered Office : |
4350 Bd Thimens, Montreal, Quebec H4R 2P2 |
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Country : |
Canada |
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Date of Incorporation : |
30.12.1976 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Importer and Distributor of Footwear. |
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No. of Employees : |
25 |
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, 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: CHAUSSURES M & M INC. (in French)
M
& M FOOTWEAR INC. (in English)
Address: 4350 Bd Thimens, Montreal, Quebec
H4R 2P2 - Canada
Telephone: +1
514-344-0650
Fax: +1 514-731-2930
Website: -
Corporate ID#: 179094
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 12-30-1976
Stock: -
Value: -
Name of manager: Joerg
PESCHLOW
Business:
The Company is importer and distributor of footwear.
Sells to retailers and department stores in all the Canada.
Brands include BABY LOVE, BILLY JOE, EURO SECURITY, TROOP, WETLAND,
RODEO,
NEPTUNE, NAVATEX, FERRAZZOLI, PRIVILEGE, and others.
Foreign suppliers
include:
EURO SAFETY FOOTWEAR (INDIA) PVT.LT
B 49/4, B 9/5,B -54/2, B 4/3,EPIP SHASTRIPURAM AGRA, UP, 282007 INDIA
Staff: 25
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
1st shareholder:
FORMOSA MAY INC.
4th floor, 2#50, Sec 4 4 Nam King East Road
Taipei, Taiwan
2nd shareholder:
4345641 CANADA INC.
699 Rue Gougeon
Montreal, Quebec H4T 2B4 Canada
3rd shareholder:
LES ENTREPRISES VINCLAU INC.
63 Rue Monsadel
Kirkland, Quebec H9J 3M5 Canada
Management:
Joerg PESCHLOW, President
Claude POTVIN, Vice President
Jesse CHEN, Director
As far as we know, they are involved in other corporations, including:
CHAUSSURES EMILE INC.
4350 Bd Thimens, Montreal, Quebec H4R 2P2 - Canada
Incorporated in Quebec on 05-09-2014
ID# 11414408603
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 30,000,000=
The business is said to be
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