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MIRA
INFORM REPORT
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Report No. : |
491560 |
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Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
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Name : |
IMPLUS CANADA |
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Registered Office : |
8399 Lawson Road No. 104 Milton, Ontario,
L9T 9L1 |
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Country : |
Canada |
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Date of Incorporation : |
1994 |
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Legal Form : |
Corporation |
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Line of Business : |
The company
operates as a provider of footcare, athletic, fitness, and outdoor
accessories. |
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No. of Employees : |
6 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC
OVERVIEW
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. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks 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. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
260947999 |
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Trade Name: |
IMPLUS CANADA |
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Reg. Number: |
IMPLUS CANADA |
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Date Created: |
1994 |
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Date Incorporated: |
2016-09-20 |
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Legal Address: |
8399 LAWSON ROAD NO. 104 MILTON, ONTARIO CANADA, L9T 9L1 |
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Operative Address: |
8399 Lawson Road, Unit 104 Milton, Ontario L9T9L1 |
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Telephone: |
(800) 387-9538 |
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Fax: |
NA |
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Legal Form: |
CORPORATION |
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Email: |
help@4implus.com |
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Registered in: |
ONTARIO |
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Website: |
www.4implus.com |
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Contact: |
Mario Nigro |
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Staff: |
6 |
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Activity: |
NAICS 1: Footwear
Merchant Wholesalers SIC 1: Shoe
Accessories INVESTMENT HOLDING
COMPANY |
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BANKS: |
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The company does not make its banking
data public |
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HISTORY |
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The company was incorporated in 1994 as
3033911 Canada Inc. It changed its name to IMPLUS CANADA in 2016. |
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Key Developments: |
Implus Announces Acquisition of Spenco Insoles and
2nd Skin Implus Acquires Insole Brand and Medical Adhesive
Products June 30, 2016 DURHAM, N.C.–(BUSINESS WIRE)–Implus, a provider of
athletic, fitness, and outdoor accessories, today announced the acquisition
of the Spenco® insole and 2nd Skin® medical adhesive assets of Spenco Medical
Corporation. Spenco’s portfolio of insole assets includes the Total Support®,
Spenco RX®, and Polysorb® brands. Its medical adhesives unit includes
bandages and gels for the treatment of burns, blisters, and hypertrophic and
keloid scars. Spenco’s insole business will be integrated into
Implus’ current portfolio of insole products which includes the Sof Sole®, apara®,
Airplus®, and Sof Comfort® brands. In conjunction with the transaction,
Implus will assume Spenco’s Canadian operation based in Mississauga, Ontario.
The remaining Footwear and Silicore® divisions of Spenco were sold to the
existing management team and will continue to be run out of Waco, Texas. “Spenco’s tenured legacy in the insole category
provides a perfect complement to Implus’ current core product offering,” said
Todd Vore, President of Implus. “We’re excited to offer a multi-branded
strategy to our retailer customers as we continue to build on our
‘one-stop-shop’ approach for all accessory needs.” Steve Smith, retiring CEO of Spenco Medical
Corporation said, “Implus represented a very logical, strong, and strategic
partner to carry forward Spenco’s well known world-wide brands of insole and
healthcare products while Spenco’s existing Texas-based executives were the
perfect choice to continue its footwear and Silicore businesses.” Spenco will operate as a subsidiary of Implus, which
is majority owned by Berkshire Partners, a Boston-based investment firm.
Spenco represents the 5th acquisition for Implus since Berkshire’s investment
in Implus in April 2015. |
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PRINCIPAL ACTIVITY |
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The company
operates as a provider of footcare, athletic, fitness, and outdoor
accessories. |
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Products/Services description: |
The company offers
insoles, hosiery products, performance and team socks, boot/glove dryers and
thermal layering products, ice traction devices, hand and body warmers, shoe
care and gear protection products, home gym equipment, deodorizers, footwear
accessories, laces and other accessories, balance sports monitors,
navigational tools, and therapeutic self-care products; and education
services. |
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Brands: |
AIRPLUS APARA BALEGA DRYGUY FITDECK FUELBELT HARBINGER ICETREKKERS LITTLE HOTTIES PENGUIN PERFECT SNEAKER BALLS SOF COMFORT SOF SOLE SPENCO TRIGGER POINT YAKTRAX |
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Sales are: |
Wholesale |
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Clients: |
NA |
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Suppliers: |
NA |
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Operations area: |
National |
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The company imports from |
No records found |
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The company exports to |
No records found |
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The subject
employs |
6 employees |
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Payments: |
No Complaints |
LOCATION |
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Headquarters : |
8399 Lawson Road, Unit 104 Milton, Ontario L9T9L1 |
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Comments: |
Size: 53,000-square-foot |
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Branches: |
No branches
registered |
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Related Companies: |
Implus Africa 14 East End, Prime
Park Printers Way Montague Gardens 7441 Cape Town South Africa Phone: +
27-21-552-8691 Implus Australia 8-10 Villas Road Dandenong South VIC 3175 Australia Phone:
+61-3-9706-4475 Email:
customerservice@implus.com.au Implus-EU 2 Rue Gustave
Eiffel 78440 Limay
Porcheville, France Phone: +33 (0) 179
98 1017 Email:
welcome@implus-eu.com Mueller Japan Japan http://www.muellerjapan.com/ Phone: 045-651-7800 Dr.Supply Mexico http://www.drsupply.com.mx/ Phone: (81) 8371
8759 | (81) 4737 0260 | (81) 4737 0261 Email: info@drsupply.com.mx |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Implus Corporation 2001 T.W. Alexander Drive Box 13925 Durham, NC 27709-3925 United States |
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Management: |
Mario Nigro, Registrant Rob Gumieniak Brian Anderson |
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FINANCIAL INFORMATION |
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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CAD 2016 |
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Revenue |
1 350 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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Filling History |
Registrant Information Name Type Address 3033911 CANADA INC. CORPORATE NUMBER: 1082114 CORPORATION 8399 LAWSON ROAD NO. 104 MILTON, ONTARIO CANADA, L9T 9L1 |
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Cases |
No records found |
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Filings |
Last Document Filed
Cancellation Date AMENDMENT NOT
APPLICABLE Last Document Filed
Date 2017/08/03 |
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OFAC Sanctions List Search |
The company is not
listed in the OFAC list. |
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SUMMARY |
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The company was incorporated in 2016. It operates as a provider of footcare,
athletic, fitness, and outdoor accessories. The company operates as part of Implus
Corporation, located in NC, USA. The company has changed its registration
details recently. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we tried to
contact the company several times, it did not answer, so we could not confirm
further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.28 |
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1 |
INR 89.02 |
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Euro |
1 |
INR 78.89 |
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CAD |
1 |
INR 51.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
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Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.