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MIRA INFORM REPORT
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Report No. : |
507185 |
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Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
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Name : |
G.T. WHOLESALE LIMITED |
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Registered Office : |
2480 Walkley Rd, Ottawa, K1G 6A9 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1981 |
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Legal Form : |
Corporation |
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Line of Business : |
The company's line of business includes the wholesale distribution of
home and family fashions, brand-name groceries, and everyday necessities. |
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No. of Employees : |
250 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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: |
G.T. WHOLESALE LIMITED |
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Trade Names: |
G T WHOLESALE LIMITED |
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ID: |
1728089 |
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Date Created: |
1981 |
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Date Incorporated: |
2007/07/31 |
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Legal Address: |
2480 Walkley Rd Ottawa, K1G 6A9 Canada |
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Operative Address: |
2480 Walkley Rd Ottawa, K1G 6A9 Canada |
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Telephone: |
1-613 521 8222 |
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Fax: |
1-613 526 5233 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
www.gianttiger.com |
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Contact: |
Gordon Reid – President and Board Member |
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Staff: |
250 |
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Activity: |
NAICS code 424490 - Other Grocery and Related Products Merchant
Wholesalers NAICS code 424330 - Women's, Children's, and Infants' Clothing and
Accessories Merchant Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
G. T. Wholesale Limited was
founded in 1961. |
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Parent Company: |
The company operates as a subsidiary of: Giant Tiger Stores Limited 2480 Walkley Road Ottawa, ON K1G 6A9 Canada |
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Amalgamating Corporations Corporation Name Corporate Number G.T. WHOLESALE LIMITED 483096 OTTAWA IMPORT & EXPORT LIMITED 685207 |
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PRINCIPAL
ACTIVITY
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The company's line of business includes the wholesale distribution of
home and family fashions, brand-name groceries, and everyday necessities. |
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Products/Services description: |
The company offers products in the categories of automotive, baby,
bathroom, bedding and linens, electronics, fashion, furniture, gift baskets,
hardware, health and beauty, heating and cooling, home decor, jewelry and
handbags, kitchen, laundry and cleaning, luggage and bags, office, outdoor
living, pets, sports and recreation, toys, and workwear in women, men, kids,
home, lifestyle, and grocery departments. |
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Brands: |
Lily Morgan, mySTYLE, ACX active, Monkey Bars, Bella & Birdie,
Survival Gear, Rivet 61, Mountain Ridge, and Giant Value. |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
Century Distribution Systems Xiamen Unibest Imp. & Exp. Co., Ltd. Fuzhou Eagle Electronic Co.,Ltd. Shanghai Balloon Plastic Products Co Ltd Zhangjiagang Skyloyal New Changli International Trading Rizhao Changhua Aquatic Foodstuff Lachmps International Ltd. New Ls Ltd Golden Terry Towel Pvt Ltd Planet Pickles Private Ltd. Zaber & Zubair Fabrics Ltd. |
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Operations area: |
National |
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The company imports from |
CHINA INDIA BANGLADESH |
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The subject employs |
250 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
2480 Walkley Rd Ottawa, K1G 6A9 Canada |
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Comments on Address: |
- |
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Branches: |
G.T. Wholesale Limited 2001 Bantree St Ottawa, ON, K1B 4X3 Canada G.T. Wholesale Limited 240 Laurier Blvd Brockville, ON, K6V 7J6 Canada |
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Related Companies: |
No related companies were found. |
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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 company does not disclose information on shareholders. The
following information has been provided by private sources:
2480 Walkley Road Ottawa, ON K1G 6A9 Canada |
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Management: |
Gordon Reid – President and Board Member Greg Farrell - Secretary-Treasurer & Board Member |
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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 |
67.500.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Ryan Glowacki v Giant Tiger Wholesale Limited, 2016 CanLII 60772 (ON
LRB) — 2016-09-09 Commission des relations de travail de l'Ontario — Ontario reprisal — extension — response — advising — alleging Poirier v. Giant Tiger Wholesale Ltd., 2018 HRTO 18 (CanLII) — 2018-01-04 Tribunal des droits de la personne de l'Ontario —
Ontario explanation for the delay — limitation period — faith — last incident
— messed |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
CIA ANNUAL RETURN 2017 1C 2018/02/18 (ELECTRONIC FILING) |
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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 1961, G.T. Wholesale Limited is an organization in the
Other Grocery and Related Products Merchant Wholesalers Industry
headquartered in Ottawa, Canada. The company has 250 regular employees and generates an estimated $67.5
million USD in annual revenue. The company operates nationally, mainly importing from China, India
and Bangladesh. It is ACTIVE in business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
John |
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POSITION |
Sales |
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COMMENTS |
He 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 66.61 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.85 |
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CAD |
1 |
INR 51.94 |
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
·
Promoters
/ Management background
·
Payment
record
·
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.