MIRA INFORM REPORT

Report No. :	484016
Report Date :	05.01.2018

IDENTIFICATION DETAILS

Name :	LOBLAWS INC
Registered Office :	22 ST. Clair Avenue East Suite 1901 Toronto (ONTARIO) M4T2S7
Country :	Canada
Date of Incorporation :	1919
Legal Form :	Corporation
Line of Business :	Subject .operates supermarkets
No. of Employees :	136,000

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Exist

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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION

Legal Name:	LOBLAWS INC
Trade Name:	Loblaws
ID:	1149017775
Date Created:	1919
Date Incorporated:	1998-01-04
Legal Address:	22 ST. CLAIR AVENUE EAST SUITE 1901 TORONTO (ONTARIO) M4T2S7
Operative Address:	19800 Lougheed Hwy Suite 201 Pitt Meadows, BC, V3Y 2W1 Canada
Telephone:	(604) 460-4319
Fax:	(604) 460-4319
Legal Form:	Corporation
Email:	kevin.groh@loblaw.ca
Registered in:	CANADA
Website:	www.loblaw.ca
Contact:	Willard Gordon Galen Weston O.C., B.A., LL.D. Chairman of the Board and Chief Executive Officer
Staff:	136,000
Activity:	NAICS 1: General Line Grocery Merchant Wholesalers NAICS 2: Supermarkets and Other Grocery (except Convenience) Stores SIC 1: Groceries, General Line SIC 2: Grocery Stores, Nec
Banks:
	Royal Bank of Canada
	The company does not disclose its banking details.
History:
	The company was founded in 1919. Loblaws Inc. was formerly known as Loblaw Groceterias Co., Ltd. and changed its name to Loblaws Inc. in January 1939.
	Loblaws Inc. Key Developments Loblaws Plans to Close 22 Unprofitable Stores; Launches Home Delivery in Toronto Nov 15 17 Loblaws planed to close 22 unprofitable stores, with the retailer adding it will begin rolling out an internet-based home-delivery service starting in December. The closures will be mostly done by the end of the first quarter of 2018. Loblaws will also begin rolling out an online home delivery service, beginning Dec. 6 in Toronto. The service will launch in Vancouver in January 2018, with expansion to additional Canadian markets next year. The company is teaming up with Instacart, an on-demand grocery delivery service, which operates in 150 markets in the United States. Loblaws Presents at The 2nd Sustainable Retail Summit, Oct-03-2017 10:45 AM Sep 15 17 Loblaws Presents at The 2nd Sustainable Retail Summit, Oct-03-2017 10:45 AM. Venue: Centre Mont Royal, Montreal, Canada. Speakers: Alain Brandon, Senior Director, Corporate Social Responsibility and Government Relations.
PRINCIPAL ACTIVITY
Loblaws Inc. operates supermarkets.
Products/Services description:	Its supermarkets provides groceries, frozen products, dairy and eggs, pet products, beverages, baby products, meat and poultry products, produce, fish and seafood, deli, household products, and bakery products.
Brands:	JOE FRESH FINANCIAL President’s Choice Loblaws
Sales are:	Wholesale
Clients:	Companies
Suppliers:	NA
Operations area:	National
The company imports from	No import
The subject employs	136,000 employees
Payments:	No Complaints
LOCATION
Headquarters :	19800 Lougheed Hwy Suite 201 Pitt Meadows, BC, V3Y 2W1 Canada
Branches:	1 Presidents Choice Cir Brampton, Ontario L6Y 5S5 Canada 55 Boul Jacques-Cartier S Sherbrooke, Quebec J1J 0A4 Canada 130 Ritson Rd N Oshawa, Ontario L1G 0A6 Canada 1105 Fountain St N Cambridge, Ontario N3E 1A2 Canada 2306 Highway 6 Unit 100 Vernon, British Columbia V1T 7E3 Canada 17 Leslie St Toronto, Ontario M4M 3H9 Canada The company has than 2,300 corporate, franchised and Associate-owned locations.
Related Companies:	George Weston Limited 22 St Clair Ave E Suite 1901 Canada
	ONTARIO REGISTRY: Corporate Number 001947656 Current Name LOBLAWS INC. Status 0 - Active Type A - Ontario Business Corporation Jurisdiction ONTARIO Incorporation Date 2016-01-01
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	Loblaws Inc. operates as a subsidiary of: LOBLAW COMPANIES LIMITED 22 ST. CLAIR AVENUE EAST SUITE 1500 TORONTO (ONTARIO) M4T2S8 Revenue: $45.394 billion CAD (2015) Net income: $623 million CAD (2015) Global Headquarters: George Weston Limited 22 St Clair Ave E Suite 1901 Canada 47%; as of 2016
Management:	Willard Gordon Galen Weston O.C., B.A., LL.D. Chairman of the Board and Chief Executive Officer Sarah Davis, President
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	$40,752,864,920
Cash Flow	Normal
LEGAL FILINGS
Lawsuits	1. Mohebat v. Loblaws Inc, 1999 CanLII 18665 (ON CA) — 1999-03-12 Court of Appeal for Ontario — Ontario efficiency — dismissed — excess — assumed — reasoning 2. Chrétien v. Loblaws Inc., 2013 HRTO 951 (CanLII) — 2013-05-29 Human Rights Tribunal of Ontario — Ontario co-worker — discrimination — reasonable prospect of success — reprisal — grounds 3. Lee v. Loblaws Inc., 1997 CanLII 478 (BC SC) — 1997-04-10 Supreme Court of British Columbia — British Columbia bakery department — floor — sweep — store — swept 4. Bonnici v. Loblaws Inc., 2013 HRTO 689 (CanLII) — 2013-04-24 Human Rights Tribunal of Ontario — Ontario grievances — defer — proceeding — progressly — bargaining cited by 1 document 5. Kelly v. Loblaws Inc., 1999 CanLII 6887 (NS SC) — 1999-05-25 Supreme Court of Nova Scotia — Nova Scotia milk — spill — unusual danger — invitee — dairy CanLII Connects 6. Cormier v. Loblaws Inc., 2012 HRTO 2352 (CanLII) — 2012-12-17 Human Rights Tribunal of Ontario — Ontario grievance — defer — human — proceeding — dong cited by 1 document 7. Bonnici v. Loblaws Inc., 2013 HRTO 1186 (CanLII) — 2013-07-08 Human Rights Tribunal of Ontario — Ontario deferred — grievance process — reactivate — duplicitous — reactivation 8. Nikulina v. Loblaws Inc., 2012 HRTO 1832 (CanLII) — 2012-09-25 Human Rights Tribunal of Ontario — Ontario alternate dates — letter — proposed — directed the applicant to confirm — emailed 9. Cormier v. Loblaws Inc, 2015 HRTO 763 (CanLII) — 2015-06-09 Human Rights Tribunal of Ontario — Ontario undeliverable — letter — abandoned — warn — deferred 10. Alfred v. Loblaws Inc., 2012 YKSC 95 (CanLII) — 2012-11-28 Supreme Court of Yukon — Yukon pre-judgment interest — rate — dolly — knee — presumptive cited by 1 document 11. Bonnici v. Loblaws Inc., 2017 HRTO 1456 (CanLII) — 2017-11-03 Human Rights Tribunal of Ontario — Ontario claimant — restrictions — dairy — shelves — kg 12. Bonnici v. Loblaws Inc., 2016 HRTO 1094 (CanLII) — 2016-08-16 Human Rights Tribunal of Ontario — Ontario disposes — reconsideration — central issues in the complaint — request — forums 13. Bonnici v. Loblaws Inc., 2016 HRTO 905 (CanLII) — 2016-07-11 Human Rights Tribunal of Ontario — Ontario allegation — request to amend — discriminated — disclosure — deadline cited by 1 document 14. Dewitt v. Loblaws Inc., 2017 HRTO 196 (CanLII) — 2017-02-14 Human Rights Tribunal of Ontario — Ontario dismissed as abandoned — returned as undeliverable — email — required materials — directing 15. Hébert et Loblaws inc., 2016 QCCNESST 214 (CanLII) — 2016-07-18 Commission des normes, de l’équité, de la santé et de la sécurité du travail — Quebec victime d une lésion professionnelle — travailleuse — plainte — sanction — constitutifs 16. Hébert et Loblaws inc., 2016 QCCNESST 257 (CanLII) — 2016-09-30 Commission des normes, de l’équité, de la santé et de la sécurité du travail — Quebec travailleuse — plainte — victime d une lésion professionnelle — sanction — constitutifs 17. Kerr v. Loblaws Inc., 2007 ONCA 371 (CanLII) — 2007-05-16 Court of Appeal for Ontario — Ontario jury — standard of care — grape display — produce department — store cited by 17 documents 18. Dubuc v Loblaws Inc., 2015 TMOB 30 (CanLII) — 2015-02-20 Trade-marks Opposition Board — Canada (Federal) goods — latte glass mugs — coffee percolators — steak knife sets — products 19. Pike v. Loblaws Inc., 2005 NLCA 9 (CanLII) — 2005-02-14 Supreme Court of Newfoundland and Labrador, Court of Appeal — Newfoundland and Labrador evidence — trier — motion for non-suit — jury — probative sufficiency cited by 5 documents 20. Weiss et Loblaws inc., 2014 QCCSST 210 (CanLII) — 2014-07-08 Commission de la santé et de la sécurité du travail — Quebec travailleur — sanction — éléments constitutifs d une plainte — victime d une lésion professionnelle — incapacité 21. Charrette c. Loblaws inc., 2011 QCCQ 15552 (CanLII) — 2011-12-13 Court of Quebec — Quebec glaçon — chute — balayage — congélateur — sac 22. Friefield c. Loblaws inc., 2013 QCCQ 5673 (CanLII) — 2013-05-30 Court of Quebec — Quebec elevator — foot — communication system — calcanio-cubord — damages 23. Dagenais c. Loblaws inc., 2014 QCCQ 3212 (CanLII) — 2014-04-09 Court of Quebec — Quebec détergent — éclaboussures — flaque — plancher — glissé 24. Durand c. Loblaws inc., 2012 QCCQ 17951 (CanLII) — 2012-11-12 Court of Quebec — Quebec détruit — convenue — acte mettant fin — ajouteront — greffier 25. Kinkead c. Loblaws inc., 2014 QCCQ 2499 (CanLII) — 2014-04-03 Court of Quebec — Quebec chute — faute — raisonnablement — préjudice — usager 26. Renda c. Loblaws inc., 2013 QCCQ 615 (CanLII) — 2013-01-11 Court of Quebec — Quebec tapis — chute — magasin — fixé au sol — sortie 27. Greiss c. Loblaws inc., 2012 QCCQ 12733 (CanLII) — 2012-11-29 Court of Quebec — Quebec gâteau — pâtisseries — comptoir — métal — épaule droite 28. Bonnici v. Loblaws Inc., 2015 HRTO 1701 (CanLII) — 2015-12-17 Human Rights Tribunal of Ontario — Ontario work that exceeded his disability-related — subpara — reasonable prospect of success — exceeded his disability-related work restrictions — allegations cited by 4 documents 29. Loblaws inc. et Brabant, 2017 QCTAT 4647 (CanLII) — 2017-10-11 Tribunal administratif du travail — Quebec travailleur — remplacement du revenu — lésion professionnelle — limitation fonctionnelle — gauche 30. Schreier v Loblaws Inc., 2017 BCSC 1793 (CanLII) — 2017-08-30 Supreme Court of British Columbia — British Columbia production — amended list of documents — clinical records — control — copying 31. Biason v. Loblaws Inc., 2016 BCSC 1600 (CanLII) — 2016-08-30 Supreme Court of British Columbia — British Columbia knee — mats — store — mat — pain 32. Hanes v. Loblaws Inc., 2017 BCSC 102 (CanLII) — 2017-01-23 Supreme Court of British Columbia — British Columbia store — floor — mopping — fall — customer service desk 33. Collins v. Loblaws Inc., 1996 CanLII 11563 (NL SCTD) — 1996-12-20 Supreme Court of Newfoundland and Labrador, Trial Division — Newfoundland and Labrador sidewalk in front — ice — supermarket — snow — chopped cited by 1 document 34. Loblaws inc. et Hébert, 2017 QCTAT 5112 (CanLII) — 2017-11-07 Tribunal administratif du travail — Quebec syndrome douloureux régional complexe — pied — filature — travailleuse — botter un ballon 35. Loblaws Inc. v. TeleCombo Inc., 2006 FC 634 (CanLII) — 2006-05-25 Federal Court — Canada (Federal) marks — mark — wares — retail grocery services — registration cited by 3 documents 36. Ridout & Maybee c Loblaws Inc, 2001 CanLII 37759 (CA COMC) — 2001-09-27 Trade-marks Opposition Board — Canada (Federal) marque — commerce — déposant — licence — marchandises 37. L'Heureux et Loblaws inc., 2016 QCCNESST 260 (CanLII) — 2016-10-06 Commission des normes, de l’équité, de la santé et de la sécurité du travail — Quebec travailleuse — victime d une lésion professionnelle — employeur — plainte — sanction 38. Perugino Bastien c. Loblaws inc., 2009 QCCQ 6118 (CanLII) — 2009-06-30 Court of Quebec — Quebec tapis roulant — piège — chariot — dangereuse — intrinsèquement 39. Della Rocca v. Loblaws Inc., 2013 HRTO 1291 (CanLII) — 2013-07-24 Human Rights Tribunal of Ontario — Ontario deferral — grievance proceeding — harassment — defer consideration — organization 40. Loblaws inc. et St-Amour, 2017 QCTAT 5710 (CanLII) — 2017-12-14 Tribunal administratif du travail — Quebec travailleuse — révocation — révision — délai — fond 41. 1098748 Ontario Ltd. v. Loblaws Inc., 2002 CanLII 11324 (ON CA) — 2002-11-14 Court of Appeal for Ontario — Ontario banner — lease — food supermarket — store — mall 42. Loblaws Inc v Peek & Cloppenburg KG, 2009 CanLII 90869 (CA TMOB) — 2009-04-28 Trade-marks Opposition Board — Canada (Federal) opponent s family of marks — wares — clothing — applied for mark — products 43. Loblaws Inc v Agri-Mondo Inc, 2014 TMOB 263 (CanLII) — 2014-11-28 Trade-marks Opposition Board — Canada (Federal) wares — deceptively misdescriptive — vegetables — descriptive — fruits 44. Loblaws Inc v Hertz System, Inc, 2006 CanLII 80761 (CA TMOB) — 2006-12-01 Trade-marks Opposition Board — Canada (Federal) opponent — marks — wares — applied for trade-mark — products
SUMMARY
Founded in 1919, Loblaws Inc is a large organization in the grocers wholesale companies industry located in Brampton, Canada. It has approximately 136,000 full-time employees and generates an estimated $41 billion in annual revenue. The company operates in the national area. Loblaws Inc. operates as a subsidiary of Loblaw Companies Limited. Loblaws planed to close 22 unprofitable stores, with the retailer adding it will begin rolling out an internet-based home-delivery service starting in December. The closures will be mostly done by the end of the first quarter of 2018. The organization is ACTIVE without negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Krysten
POSITION	Manager
COMMENTS	She confirmed name, address, parent company, ultimate company, estimated staff and experience.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.39
UK Pound	1	INR 85.74
Euro	1	INR 76.25
CAD	1	INR 50.65

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.