MIRA INFORM REPORT
|
Report No. : |
312030 |
|
Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
GENWOOD INDUSTRIES LTD. |
|
|
|
|
Registered Office : |
6625 Kerstel Road, Mississauga, Ontario L5T 1P4 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
12.02.1973 |
|
|
|
|
Legal Form : |
Federal Corporation – Profit |
|
|
|
|
Line of Business : |
Importer, wholesale of veneers, lumbers, laminates, home furnishings,
wood furniture and linens. |
|
|
|
|
No. of Employee : |
12 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 FINANCIALcrisis
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.
|
Source
: CIA |
Company
name and address
GENWOOD INDUSTRIES
LTD.
Address: 6625 Kerstel Road, Mississauga,
Ontario L5T 1P4 - Canada
Telephone: +1
905-670-2763
Fax: +1 905-670-8561
Website: www.genwood.ca
Corporate ID#: 448753
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: February
12, 1973
Stock: -
Value: -
Name of manager: Satish
CHAWLA
ACTIVITIES & OPERATIONS
Business:
Importer, wholesale of veneers, lumbers, laminates, home furnishings,
wood furniture and linens.
Suppliers include:
SHIJIAZHUANG BUNAI IMP. & EXP.TRADE
7-1-2503, GUORUIYUAN, NORTH SHENGLI STREET, SHIJIAZHUANG, CHINA
Staff: 12
Operations & branches:
At the headquarters, we find a showroom, warehouse and office.
The Company maintains a major store, warehouse and office located:
240 Rue Saint-Jacques Ouest, Ste 520
Montreal, Quebec Y2Y 1L9
Ph: +1 450-674-4957
Fx: +1 450-674-3494
SHAREHOLDERS
& MANAGERS
Shareholders:
1st shareholder:
7317875 CANADA INC.
1275 The Chase, Unit 88, Mississauga, Ontario
L5M 4N3 - Canada
2nd shareholder :
TANTIKA INTERNATIONAL RESOURCES INC.
9 Rue Grace Shantz, Kirkland, Quebec H9J 3A4
– Canada
Management:
Satish CHAWLA, President, Director and
Treasurer
Brian Charles ATTRIDGE, Vice President and
Secretary
As far as we know, they are involved in
other corporations, including:
BOIS & PLACAGES GENERAUX (2011) LTEE
1220 Bd Marie-Victorin, Longueuil, Quebec J4G 2H9
Incorporated in Quebec on 07-16-1940
ID# 1143146026
GENWOOD INDUSTRIES US LLC.
7709 Industry Avenue, Pico Rivera, CA 90660
Incorporated in California on June 2, 2010
ID# 201015810151
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a sales
assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
consolidate estimate sales for year 2014 in the range of CAD 5,000,000+
The business is said to be
profitable.
Banks: Banque de Montreal
…
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None