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Report No. : |
342095 |
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Report Date : |
22.09.2015 |
IDENTIFICATION DETAILS
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Name : |
GETRACAN INC. |
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Registered Office : |
9600 Rue Meilleur, Ste 300, Montreal, Quebec H2N 2E3 |
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Country : |
Canada |
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Date of Incorporation : |
23.11.1979 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
The Company is importer and wholesaler of men’s and boys clothing. |
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No. of Employees : |
26 |
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.
|
Source
: CIA |
Company name: GETRACAN INC.
Address: 9600 Rue Meilleur, Ste 300,
Montreal, Quebec H2N 2E3 – Canada
Telephone: +1
514-382-4860
Fax: +1 514-387-8086
Website: -
Corporate ID#: 442658
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 11-23-1979
Stock: -
Value: -
Name of manager: Earl
GREEN
Business:
The Company is importer and wholesaler of men’s and boys clothing.
Foreign suppliers
include:
GE LI COMMERCE CO.,LTD.
NO.159 TIANZHOU ROAD. SHANGHAI, CHINA
Staff: 26
Operations & branches:
At the headquarters, we
find the corporate office and showroom, on lease.
Shareholders:
SANOAD HOLDINGS INC. (+50%)
246 Rue Martinique
Dollard-des-Ormeaux, Quebec H9G 2X7 – Canada
President: Earl GREEN
Management:
Earl GREEN is the President, Director and CEO.
Present here since 01-01-2013.
He is also the President at the Parent company.
Elias ISHAK is the Controller.
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 but no answer
received at this time.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 10,000,000+
The business is said to be
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