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MIRA INFORM REPORT
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Report No. : |
506765 |
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Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PARASUCO JEANS INC. |
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Registered Office : |
1, Place Ville-Marie, Bureau 2500, Montréal (Québec), H3B1R1 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1975 |
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Legal Form : |
Société Par Actions Ou Compagnie |
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Line of Business : |
Subject Provides Denim Wear for Men and Women. |
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No. of Employees : |
50 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
PARASUCO JEANS INC. |
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Trade Names: |
PARASUCO JEANS INC. |
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ID: |
1142124933 |
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Date Created: |
1975 |
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Date Incorporated: |
1995-01-25 |
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Legal Address: |
1, Place Ville-Marie, Bureau 2500 Montréal (Québec) H3B1R1 |
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Operative Address: |
128 Rue Deslauriers Montréal (Québec) H4N1V8 Canada |
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Telephone: |
514-334-0888 |
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Fax: |
514-334-9833 |
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Legal Form: |
Société Par Actions Ou Compagnie |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
www.parasuco.com |
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Contact: |
Salvatore Parasuco - President |
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Staff: |
50 |
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Activity: |
NAICS code 424320 - Men's and Boys' Clothing and Furnishings Merchant
Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1975 and is based in Montreal, Canada.
Parasuco Jeans, Inc. was formerly known as Santana Jeans Ltée and changed its
name to Parasuco Jeans, Inc. in 1988. It merged with HOLDING PARASUCO INC. in 2012. |
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Parent Company: |
The major holder of this company is: 4111508 CANADA INC. 128 rue Deslauriers Montréal (Québec) H4N1V8
Canada |
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PRINCIPAL
ACTIVITY
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Parasuco Jeans, Inc. provides denim wear for men and women. |
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Products/Services description: |
It offers comfort bootcut and straight, skinny straight, slim bootcut
and straight, capri, and flare bottoms; and jackets, long and short sleeve
knits, sweaters, T-shirts, sleeveless knits, woven shirts, skirts, outerwear,
and dresses. The company also offers keychains and belts. It offers its
products through its stores, as well as online. |
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Brands: |
PARASUCO JEANS SANTANA JEANS |
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Sales are: |
Wholesale |
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Clients: |
Importadora Primex, S.A. De C.V. |
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Suppliers: |
Joseph (Hk)Jeans Limited Tongxiang Easun Foreign Trade Co., Ltd. Jinyi Color Co Ltd Huzhou Silverbell Knitting Co., Ltd. Hi Synergy International Garments |
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Operations area: |
National and International |
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The company imports from |
CHINA CAMBODIA |
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The company exports to |
MEXICO |
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The subject employs |
50 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
128 rue Deslauriers Montréal (Québec) H4N1V8 Canada |
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Comments on Address: |
- |
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Branches: |
Parasuco Jeans Inc. 2452 boul Laurier Québec, QC, G1V 2L1 Canada Parasuco Jeans Inc. 100 av Guindon Saint-Sauveur, QC, J0R 1R6
Canada Parasuco Jeans Inc. 1414 rue crescent Montréal, QC, H3G 2B6 Canada Parasuco Jeans Inc. 100 City Centre Dr Unit E9 Mississauga, ON, L5B 2C9 Canada |
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Related Companies: |
Parasuco USA Ltd (Inc) 225 LAFAYETTE ST NEW YORK, NY, 10012-4015 United
States |
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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: |
The major holder of this company is:
128 rue Deslauriers Montréal (Québec) H4N1V8 Canada |
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Management: |
Salvatore Parasuco – President Rosie Salcito – Vice President |
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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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USD 2016 |
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Sales |
3.480.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Pants Patent number: D815398 Type: Grant Filed: August 12, 2016 Date of Patent: April 17, 2018 Assignee: Parasuco Jeans Inc. Inventor: Salvatore Parasuco |
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CASES |
Lawee c. Jeans Parasuco inc./Parasuco Jean Inc., 2001 CanLII 25275 (QC
CS) — 2001-03-13 Cour supérieure — Québec paragraphes — tendancieuses — déclaration — calomnieuses — lettres Jeans Parasuco inc. et Grant, 2013 QCCLP 6326 (CanLII) — 2013-10-30 Commission des lésions professionnelles du Québec — Québec travailleuse — lésions professionnelles — épicondylite du coude —
suite d une révision administrative — atteinte permanente à l intégrité Francovich (Agence Robert Francovich) c. Parasuco Jeans inc., 2010
QCCS 2444 (CanLII) —
2010-06-09 Cour supérieure — Québec contrat d adhésion — manufacturier — firing — féminine — collection
masculine Les Jeans Parasuco Inc. et Commission de la santé
et de la sécurité du travail, 2003 CanLII 76717 (QC CLP) — 2003-06-19 Commission des lésions professionnelles du Québec — Québec employeur — classification — vêtements — unité — lésions
professionnelles Jeans Parasuco inc., 2015 QCCLP 2330 (CanLII) — 2015-04-24 Commission des lésions professionnelles du Québec — Québec coude — travailleuse — orthèse — transfert — épicondylite |
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TRADEMARKS |
PARASUCO MEN'S, WOMEN'S AND CHILDREN'S JEANS, JACKETS, COATS, SHIRTS, T-SHIRTS,
SWEATSHIRTS, PANTS, SWEATERS, [ SOCKS, SUITS AND… Owned by: PARASUCO JEANS, INC. Serial Number: 73689031 PASHU dresses, skirts, blouses, pants, tops, jumpsuits, sweaters and shoes Owned by: PARASUCO JEANS, INC. Serial Number: 75252312 PARASUCO JEANS PERFUME Owned by: PARASUCO JEANS, INC. Serial Number: 75507173 Image Trademark [Based on 44(e) -- perfume] Owned by: PARASUCO JEANS, INC. Serial Number: 75507403 RAW DENIM CLOTHING, MADE IN WHOLE OR IN SIGNIFICANT PART OF DENIM, NAMELY,
JEANS, PANTS, SWEATERS, JACKETS, SHIRTS Owned by: PARASUCO JEANS, INC. Serial Number: 75610693 Image Trademark CLOTHING Owned by: PARASUCO JEANS, INC. Serial Number: 75637385 |
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RENEWAL HISTORY |
Document type Date de dépôt au registre DÉCLARATION DE MISE À JOUR ANNUELLE 2017 2017-02-02 DÉCLARATION DE MISE À JOUR ANNUELLE 2016 2016-02-17 DÉCLARATION DE MISE À JOUR ANNUELLE 2015 2015-02-05 DÉCLARATION DE MISE À JOUR ANNUELLE 2014 2014-02-04 Déclaration de mise à jour courante 2013-03-20 DÉCLARATION DE MISE À JOUR ANNUELLE 2013 2013-02-26 DÉCLARATION DE MISE À JOUR ANNUELLE 2012 2012-02-27 Certificat de fusion 2011-12-20 Certificat de modification 2011-11-25 DÉCLARATION DE MISE À JOUR ANNUELLE 2011 2011-03-10 État et déclaration de renseignements 2010 2010-02-04 Déclaration annuelle 2008 2009-07-10 Déclaration modificative 2009-07-10 État et déclaration de renseignements 2009 2009-06-03 Déclaration annuelle 2007 2007-12-04 Déclaration annuelle 2006 2006-11-09 Déclaration annuelle 2005 2006-02-17 |
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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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Founded in 1975, Parasuco Jeans Inc. is an organization in the Men's
and Boys' Clothing and Furnishings Merchant Wholesalers Industry
headquartered in Quebec, Canada. The company has 50 regular employees and generates an estimated $3.4
million USD in annual revenue. The company operates nationally and internationally, mainly exporting
to Mexico. It is ACTIVE in business with no negative. |
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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 |
Karine |
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POSITION |
Sales |
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COMMENTS |
She confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees
and the name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.78 |
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1 |
INR 92.89 |
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Euro |
1 |
INR 80.74 |
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CAD |
1 |
INR 51.99 |
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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PRA |
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Report Prepared
by : |
TPT |
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
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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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.