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Report No. : |
339821.2 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
RICHLINE GROUP CANADA LTD |
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Registered Office : |
75 Torbarrie Road, Toronto, Ontario M3L 1G5 |
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Country : |
Canada |
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Date of Incorporation : |
28.01.2011 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and retailer of fine diamonds, precious stones, gold and
silver jewelry. |
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No. of Employee : |
120 |
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 |
Your order on: RICHLINE CANADA LTD
The correct name is:
Company name: RICHLINE
GROUP CANADA LTD
Address: 75 Torbarrie Road, Toronto, Ontario
M3L 1G5 - Canada
Telephone: +1
416-240-8898
Fax: +1 416-240-8905
Email : Not
Available
Corporate ID#: 002272598
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 01-28-2011
Stock: --
Value: --
Name of manager: Alan
GOZLAN
History:
RICHLINE GROUP CANADA LTD.
purchased WADESBORO ENTERPRISES LIMITED dba FINCRAFT FINE JEWELLERY which was
incorporated in Ontario on March 1, 1977
under ID# 000353420.
Business:
Importer and retailer of fine diamonds, precious stones, gold and silver
jewelry.
Suppliers include:
RICHLINE GROUP, INC.
1385 Broadway, New York, NY 10018
Staff: 120
Operations & branches:
At the headquarters, we
find a large store and office, on lease.
Shareholders:
RICHLINE GROUP, INC.
1385 Broadway, New York, NY 10018 - USA
Which is a subsidiary of:
BERKSHIRE HATHAWAY
1440 Kiewit Plaza, Omaha, NE 68131 -
USA
The Company listed with the NYSE under symbol
BRK.A
Management:
Alan GOZLAN is the Manager.
Stephanie STRATI is in charge of Accounts Payable.
Subsidiaries
And partnership: None
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 and an email
but no answer received.
However, sales estimate for
year 2014 is in excess of CAD 50,000,000+
The business is profitable.
Banks: Royal Bank of Canada
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None