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Report No. : |
323148.2 |
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Report Date : |
19.06.2015 |
IDENTIFICATION DETAILS
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Name : |
LAMMLE’S WESTERN WEAR LTD. |
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Registered Office : |
3700, 400 3rd Avenue SW, Calgary, Alberta T2P
4H2 |
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Country : |
Canada |
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Date of Incorporation : |
01.02.2014 |
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Legal Form : |
Corporation – Profit
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Line of Business : |
Subject is engaged in sells boots, hats, accessories,
kids, men’s and women’s wear, equine accessorie. |
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No. of Employee : |
250 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
LAMMLE’S
WESTERN WEAR LTD.
Reg. office: 3700, 400 3rd Avenue SW,
Calgary, Alberta T2P 4H2 - Canada
Address: 12012 44th
Street SE, Calgary, Alberta T2Z 4A2 - Canada
Telephone: +1
403-255-0272
Fax: +1 403-252-3341
Website: www.lammles.com
Corporate ID#: AB-2017997574
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: February
1, 2014
Date founded: March 30, 1983
Stock: -
Value: -
Name of
manager: Barry LAMMLE
History:
LAMMLE’S
WESTERN LTD, incorporated in Alberta on March 30, 1983 under
ID# AB-0202989794,
merged with THE BOUTIQUE OF LEATHER LTD. to create the new
LAMMLE’S
WESTERN WEAR LTD., on February 1, 2014.
Business:
The Company sells boots, hats, accessories, kids, men’s and
women’s wear, equine accessories…
Doing business as: Lammle's Western Wear & Tack
On March 25, 2015, The Calgary Stampede has entered into an
enhanced multi-year merchandise partnership with Lammle’s Western Wear &
Tack.
As of May 1, the local retailer will run all Calgary
Stampede merchandise operations including the year-round CS Store in the BMO
Centre and the Grandstand and Midway retail locations that operate during the
annual 10-day Stampede in July.
No name of foreign suppliers available.
Staff: 250
Operations & branches:
At the headquarters,
we find a large store, warehouse and office.
The Company
maintains 24 stores in Alberta, British Columbia and Saskatechwan.
Shareholders:
This is a
family owned and managed company.
Management:
Barry LAMMLE is the President and CEO.
As far as we know, he is not involved in other local
corporations.
Subsidiaries
And partnership:
BOUTIQUE OF LEATHERS LTD
12012 44th Street S.E., Calgary, Alberta T2Z 4A2
- Canada
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 20,000,000=
The business is
said to be profitable.
Banks: Scotia Bank
…
Legal
filings & complaints:
As of today date, there is no legal filing pending with the
Courts.
Secured debts summary:
None