MIRA INFORM REPORT

 

 

 

Report Date :

05.12.2008

 

IDENTIFICATION DETAILS

 

Name :

LA VIE EN ROSE INTERNATIONAL INC.

 

 

Registered Office :

4320 Pierre de Coubertin, Montreal, Quebec H1V 1A6

 

 

Country :

Canada

 

 

Date of Incorporation :

07.12. 2000

 

 

Com. Reg. No.:

Federal 3785939

 

 

Legal Form :

Federal Corporation

 

 

Line of Business :

Export Women’s Apparel

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CAD 40,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 

Company Name    

 

LA VIE EN ROSE INTERNATIONAL INC.

Company acronym:    --

 

 

Contact Information

 

Address

4320 Pierre de Coubertin

Montreal, Quebec H1V 1A6

Canada

Telephone

514-256-9446

Fax

514-256-9339

 

Registration Data

 

Date of Registration

December 7, 2000

Registration number

Federal 3785939

Legal address

4320 Pierre de Coubertin

Montreal, Quebec H1V 1A6

Canada

Legal Form

Federal Corporation

A Federal Corporation is allowed to do business in all the Canada

Share Capital

-

Other Registration Data

Name changed from 3785939 CANADA INC on 09-27-2004

 

 

Shareholders with Shares

 

Shareholder Names

Share%

ADMINISTRATION LVER INC.

4320 Pierre de Coubertin, Montreal, Quebec H1V 1A6

Holding company

Federal ID# 3176142

50+

 

 

Board/Executive

 

Name

François ROBERGE

Position within the company

President, Director & Secretary

 


 

Name

Luc POIRIER

Position within the company

Vice President, Director & Treasurer

 

 

Changes in Registration Data

 

None recorded

 

 

Activities (realistic and officials)

 

Export women’s apparel

 

 

Staff

 

Number of staff employed

6

 

 

Export/Import

(Countries, goods and total values for the period)

 

Imports From

 Far East

 

Exports To

Worldwide

 

 

Facilities

 

Rented

Office

 

Premises Size

-

 

 

 

Subsidiaries and Participation

 

Parent Company

-

Subsidiaries

-

Sister Companies

- BOUTIQUE LA VIE EN ROSE AQUA INC.

- BOUTIQUE LA VIE EN ROSE INC.

 

 

 

 

Bankers

 

Bank

Banque de Montreal

 

 

Suppliers, Partners

 

Suppliers

Not known

Partners

Not known

 

 

Litigation, Remarks on Payment

 

Litigation

None Recorded

Remarks on Payment

No Complaints

 

 

Financial Information

 

Source

Bank

Figures are

Estimate

Currency

CAD

 

 

Months

 

Sales Figures

 

Sales

 

12

 

30/11/2007

 

1,500,000=

 

 

Reporter Comments

 

Comments

No information could be obtained from the Company.

 

Local Reputation

The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair.

 

According to our credit analysts, during the last 6 months, 92% of trade experience indicates a regular payment.

Payments of imports are currently made with an average of 5 days beyond terms.

 

 

MAX CREDIT

CAD 40,000=

 

 

CREDIT REQUIRED

 

MAXIMUM CREDIT

 

Maximum

 

 

CAD 40,000=

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.69

UK Pound

1

Rs.72.96

Euro

1

Rs.63.46

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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