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Report No. : |
324098 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
TRIPLE 5 INC. |
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Registered Office : |
555 Rue Chabanel Ouest, Bureau 805 Montreal, Quebec H2N 2H8 |
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Country : |
Canada |
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Date of Incorporation : |
03.10.1983 |
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Legal Form : |
Federal Corporation – Profit (A Federal Corporation is allowed to do
business in all the Country) |
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Line of Business : |
Importer and wholesaler of family clothing |
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No. of Employee : |
20 + part time |
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, 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 financial crisis 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.
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Source
: CIA |
TRIPLE 5 INC.
Address: 555 Rue Chabanel Ouest, Bureau 805
Montreal, Quebec H2N 2H8 - Canada
Telephone: +1
514-382-3555
Fax: +1 514-384-1568
Website: www.triple5.com
Corporate ID#: 1576399
State: Federal
Judicial form: Federal Corporation – Profit
(A
Federal Corporation is allowed to do business in all the Country)
Date incorporated: October
3, 1983
Stock: -
Value: -
Name of manager: Vipan SONI
Business:
The Company is a large importer and wholesaler of family clothing.
Brands include TRIPLE 5, FIRETRAP, COUPE, EVERBLUE, LORENZI, and others.
Imports mainly from Asia and sells to distributors and retailers in
Canada and the United States.
Foreign suppliers include:
NINGBO NAN-YUM IMPORT AND EXPORT CO., LTD.
RM.06 1 BLDG BAISHANTOU YUYAO ZHEJIANG CHINA.
Staff: 20 + part time
Operations & branches:
At the headquarters, we
find a large showroom and office, on lease
Shareholders:
VIPSON HOLDINGS INC
555 Rue Chabanel Ouest, Bureau 805
Montreal, Quebec H2N 2H8
Incorporated in Quebec on
11-13-1986
ID# 1143198878
Management:
Vipan SONI is the President, Director and CEO.
As far as we know, he is the owner of VIPSON HOLDINGS INC.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 5,000,000= (same as
2013)
The business remains
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