MIRA
INFORM REPORT
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Report Date : |
27th February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HELEN SHAPIRO INC. |
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Registered Office : |
6666 St. Urbain,
Montreal, Quebec H2S 3H1, Canada. |
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Country : |
Canada |
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Date of Incorporation : |
06.12.1963 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Manufactures
knitted cloth. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : HELEN SHAPIRO INC.
Address : 6666 ST. URBAIN
City : MONTREAL
State/Province : QUEBEC
Zip Code : H2S 3H1
Country : CANADA
Telephone : 514-274-4403
Facsimile : 514-274-6125
Legal Form : Provincially Chartered
Corporation - Private
Website : N/A
@rating Opinion :
Business Activity : The Company manufactures knitted
cloth it sells to an Main Knitting Inc., an affiliate
company.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person
Contacted: Ms. Doris Pascal, Assistant
to Ms. Mirlene Jiro, Controller. Ms.
Pascal verified general information presented to her.
Ms. Pascal stated
that the Company has in excess of 100 employees, however, she could not provide
an exact figure.
LEGAL
Legal Form : Provincially
Chartered Corporation – Private
Since (D/M/Y) :06/12/1963
State/Province of
Incorporation : QC
Status : ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
The Company
provincially chartered in Quebec under the following registration:
File Number : 1141771502
Legal Name : HELEN SHAPIRO INC.
Incorporation Date : 12/6/1963
Last Annual Report : 12/15/2005
Location : Quebec
Address : 6666, RUE
SAINT-URBAIN, 4E ÉTAGE, MONTRÉAL (QUEBEC) H2S 3H1
Managers/Key Personnel
Ms. Frances Inhaber
Shapiro President
Ms. Mirlene
Jiro Controller
AFFILIATED ENTITIES
The Company is affiliated
with Main Knitting Inc.
Parent Companies
Parent Company :
119227 CANADA INC.
83, RUE QUEEN
Charlottetown PE
CANADA
The Company has no
subsidiaries.
BANKS
HSBC
Montreal PQ
Telephone : 780 423-3563
Facsimile :
Account Number :
Account Manager :
Bank policy
prohibits providing credit information.
PAYMENT HISTORY
No local trade
credit payment were found for the Subject at this time.
FINANCIAL INFORMATION
Ms. Pascal stated
that the Company sells directly to Main Knitting Inc. and does not release
financial statement information.
CURRENT OPERATIONS
NAICS Code: 339
Miscellaneous Manufacturing
Business Activity
The Company manufactures
knitted cloth it sells to an Main Knitting Inc., an affiliate company.
The Company imports
all of its yarns from India.
The heading address
is the sole location for the Subject.
The facility consists of owned office, manufacturing, and warehouse
space.
TRADE REFERENCES
The Company stated
that it does not have any significant creditors in the US or Canada.
PUBLIC RECORD
A search of public
records revealed no derogatory information, Uniform Commercial Codes, or
bankruptcy petitions.
GENERAL COMMENTS
The Subject,
provincially chartered in Quebec in 1963, is engaged as a manufacturer of
knitted cloth. No payment record was
found for the Subject, however, the operating history is clear. No derogatory information or
bankruptcy petitions
were reported or noted. The Company is
responsible for normal business transactions.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions