MIRA
INFORM REPORT
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Report Date : |
10.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANGO-MODE, INC. |
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Registered Office : |
10301 Rue Colbert, Montreal, QC
H1J 2G5 |
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Country : |
Canada |
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Date of Incorporation : |
28.03.1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Men’s Clothing |
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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Maximum Credit Limit : |
300,000 CAD |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
300,000 CAD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
100 USD = 100.23 CAD Satisfying |
IDENTIFICATION
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Company Name: |
Ango-Mode, Inc. (Subsidiary of Les
Agences Guy Octeau Ltee., Saint Leonard, QC ) |
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Address: |
10301 Rue
Colbert, Montreal,
QC H1J 2G5, Canada |
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Phone: Facsimile: ID: State: Managers: |
514-325-2646 514-325-9999 1141772021 Quebec Guy Octeau, President |
Date founded: |
March 28,1983
Corporation For Profit N.A. Employees: 42 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales men’s clothing |
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BANKS
Canadian Imperial Bank of
Commerce (Montreal, Quebec).
BUSINESS
Business & Operations:
Ango-Mode, Inc. is a Canadian company which has for main activity the
importation and the distribution of men’s clothing.
The company carries diverse brands, such as:
-Klauss Boehler kollection,
-Horst Dusseldorf,
-Modango Italy,
-Mare Spirit Mediterrane,
-Soul London.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
director of the company is:
-Guy
Octeau, President.
The
shareholders of the company are:
-Les
Agences Guy Octeau (Main shareholder).
-Octeau
Jean-Sebastien (Second shareholder).
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Diane Archambault, (third shareholder).
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Ango-Mode, Inc., does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
9,400,000 |
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Operating Profit |
730,000 |
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Net income |
650,000 |
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Net Worth |
1,000,000 |
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Liabilities |
400,000 |
LEGALS
1 Suit filed in 2006 by
Company GMAC Location .Reason: Breach of Contract Amount: $21,311
No Judgments
No Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
RATING
Local credit bureau gave a good credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is good.
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Payments are made on a 38 days basis.
Our final opinion
This is a small company working worldwide.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Good Controlled Good |
PUBLIC PAYMENTS |
See Details Above Good |
ADVISED
CREDIT
200,000 CAD
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. |
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%)