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Report No. : |
326047 |
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Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
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Name : |
KRUGER PUBLICATION PAPERS INC. |
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Registered Office : |
3285 Chemin de Bedford, Montreal, Quebec H3S 1G5 |
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Country : |
Canada |
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Date of Incorporation : |
23.07.2009 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Manufactures and Sells of Publication Papers, Lumber and Other Wood
Products, Containerboards, and Packaging Products. |
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No. of Employees : |
800 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
Company name: KRUGER PUBLICATION PAPERS INC. (in
English)
PAPIERS
DE PUBLICATIONS KRUGER INC. (in French)
Address: 3285 Chemin de Bedford, Montreal,
Quebec H3S 1G5 - Canada
Telephone: +1
514-343-3100
Fax: +1 514-343-3124
Website: www.kruger.com
Corporate ID#: 7212381
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 07-23-2009
Stock: -
Value: -
Name of manager: Joseph
KRUGER
Business:
The Company manufactures and sells publication papers, lumber and other
wood products, containerboards, and packaging products to customers in North
America.
It offers publication paper products that include newsprint, coated,
directory, and calendered papers; forest products; and tissue products for
household, industrial, and commercial use. It also offers containerboard and
packaging products comprising corrugated cartons from recycled fibers;
containers for food, beverages, dairy products, meat, fruits, vegetables,
flowers, chemicals, textiles, and clothing; and boxes for large electrical
appliances, auto parts, and other industrial products, as well as
point-of-purchase displays for retail stores.
In addition, the company imports, produces, and markets wines and
spirits through food networks (grocery and convenience stores), licensed
establishments, and Liquor Control Board of Ontario and S.A.Q. outlets.
Further, it focuses on the development of renewable energy projects primarily
through hydroelectric, wind energy, biogas, and biomass cogeneration projects;
engages in paper and paperboard recycling business; and offers private label
tissue products.
The Company exports worldwide.
Staff: 800
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains
factories located:
220 Route de Windsor
Sherbrooke, Quebec J1C 0E6
3735 Bld Royale
Trois Rivieres, Quebec G9A 6B1
Shareholders:
KRUGER INC.
3285 Chemin de Bedford, Montreal, Quebec H3S 1G5
Federal corporation
incorporated on 06-06-1997
ID# 6487033
Management:
Joseph KRUGER, Chairman, Director and CEO
David ANGEL, Vice President and CFO
Daniel ARCHAMBAULT and David SPRALEY, Vice Presidents
Other Director includes George J. BUNZE.
Janet SHULIST, Secretary.
As far as we know, they are involved in other corporations, including:
KRUGER INC.
KRUGER PRODUCTS LP
KRUGER ENERGY INC.
In and Canada, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
consolidate sales for fiscal year ending July 2014 in the range of CAD 1.7
billion verse USD 1.6 billion in 2013.
The business is profitable.
Banks: Royal Bank of Canada
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
Several