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Report No. : |
347971 |
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Report Date : |
09.11.2015 |
IDENTIFICATION DETAILS
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Name : |
NYGARD INTERNATIONAL PARTNERSHIP |
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Registered Office : |
1171 Inkster Blvd, Winnipeg, Manitoba R2X 1R3 |
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Country : |
Canada |
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Year of Establishment : |
1967 |
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Legal Form : |
Partnership |
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Line of Business : |
Subject is a fashion company, designs, manufactures, and markets fashion
apparel for women. |
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No. of Employees : |
2,600 |
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 : |
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 – 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 |
Your order on: NYGARD INT PARTNERSHIP
The correct name is:
Company name: NYGARD INTERNATIONAL PARTNERSHIP
Address: 1171 Inkster Blvd, Winnipeg,
Manitoba R2X 1R3 - Canada
Telephone: +1
204-982-5000
Fax: +1 204-697-1254
Website: www.nygard.com
Corporate ID#: MB-0004570643
State: Manitoba
Judicial form: Partnership
Date incorporated: 10-29-2002
Date founded: 1967
Stock: -
Value: -
Name of manager: Leonard
NICOLAS
Business:
Nygard International Ltd. a fashion company, designs, manufactures, and
markets fashion apparel for women.
The company offers outerwear, swimwear, footwear, handbags, jewelry,
belts, sunglasses, and soft home furnishings; and accessories, including scarves,
hats, and gloves.
It also retails its products online and through its stores.
The company was founded in 1967 and is based in Winnipeg, Canada with
production and distribution facilities in Winnipeg and Toronto, Canada; and Los
Angeles, California.
It also has research and design studios in New York, San Francisco, and
Hong Kong; and sales offices in Canada and the United States.
In addition, the company has operations in New York, New York; Gardena
and Marina Del Rey, California; Nassau, Bahamas; Vaughan, Montréal, and
Vancouver, Canada; Shanghai and Tianjin, China; Kowloon, Hong Kong; the Middle
East; South Africa; Kenya; Egypt; Bangladesh; Indonesia; and Cambodia, Sri
Lanka.
Nygård International has 7 product lines, including ALIA, ALIA Sport and
TanJay. The Nygård Fashions brands include Peter Nygård, Bianca Nygård, and
Nygård Collection. Nygård Moderate also has three National Brands that are
exclusively available at Dillard's in the US.
The Company is operating as
NYGARD INTERNATIONAL LTD.
Staff: 2,600
Operations & branches:
At the headquarters, we
find the corporate office, factory and warehouse, owned.
Maintains several branches
in Canada and worldwide, including the one located:
239 Chrislea Road, Vaughan,
Ontario L4L 8N6
Shareholders:
4093887 CANADA INC.
1171 Inkster Blvd, Winnipeg, Manitoba R2X 1R3 – Canada
4093879 CANADA INC.
1171 Inkster Blvd, Winnipeg, Manitoba R2X 1R3 – Canada
Management:
Peter NYGARD is the Chairman.
Leonard NICOLAS is the CEO.
Subsidiaries
And partnership:
NYGARD INC.
14401 South San Pedro Street
Gardena, CA 90248
United States
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 excess of
CAD 100,000,000+
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