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Report No. : |
324891 |
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Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
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Name : |
THE SECOND COFFEE COMPANY INC. |
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Formerly Known As : |
DINECORP HOSPITALTY INC. |
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Registered Office : |
6303 Airport Road, Ste 103, Mississauga, Ontario L4V 1R8 |
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Country : |
Canada |
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Date of Incorporation : |
03.04.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is offers a selection of hot and cold specialty coffees, teas,
hot chocolate, other beverages, as well as various complementary products,
including pastries, muffins, cookies, coffee accessories, and coffee-related
gift items, as well as sandwiches. |
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No. of Employee : |
4,000 (for the group) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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.
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Source
: CIA |
THE SECOND COFFEE
COMPANY INC.
6303 Airport Road, Ste 103, Mississauga, Ontario L4V 1R8, Canada
Telephone: +1
905-362-1818
Fax: +1 905-362-1121
Website: www.secondcoffee.com
Corporate ID#: ON-0016974885
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: April 3,
2006
Stock: -
Value: -
History:
Name changed from DINECORP
HOSPITALTY INC.
Business:
Through its parent company, The Second Cup Coffee Company Inc. operates,
and franchises specialty coffee cafes under the Second Cup name in Canada.
It offers a selection of hot and cold specialty coffees, teas, hot
chocolate, other beverages, as well as various complementary products,
including pastries, muffins, cookies, coffee accessories, and coffee-related
gift items, as well as sandwiches.
As of March 28, 2015, the group operated 344 cafés, including 35
company-operated and 312 franchised cafes.
No name of foreign suppliers available.
Staff: 4,000 (for the group)
Operations & branches:
At the headquarters, we
find the corporate office of the group.
THE SECOND CUP LTD
6303 Airport Road, Ste 103, Mississauga, Ontario L4V 1R8
Listed with the Toronto Stock Exchange under symbol SCU.
Ms. Alix BOX has been President, Director and CEO since February 24,
2014.
For the past six years, Ms. Box has been a member of the senior
leadership
team at Holt Renfrew, as Senior Vice President, Retail.
Before that, Ms. Box served as Vice President, Operations, Company and
Licensed Stores at Starbucks Coffee Company, where she was responsible for 675
stores across Canada. During her ten years at Starbucks, she built a culture of
exceptional team building and the Canadian operations achieved strong growth in
sales and profitability.
Barbara J. MALLON is the future CFO (effective 06-15-2015)
Subsidiaries And
partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present and confirmed that all financials are
consolidated into the parent company.
(10K 2014 on attachment)
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary: None