MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABBOTT OF ENGLAND LIMITED |
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Registered Office : |
545 Trethewey Drive,
Toronto, Ontario M6M 2J4 |
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Country : |
Canada |
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Date of Incorporation : |
21.10.1953 |
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Legal Form : |
Ontario Corporation |
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Line of Business : |
Giftware Industry |
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 : |
CAD 5,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
ABBOTT OF ENGLAND LIMITED
Address
545 Trethewey Drive, Toronto, Ontario M6M 2J4 – Canada
Telephone : 416-789-7663
Fax : 416-789-3781
Website : www.abbottcollection.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
ON-0000070570 Ontario Ontario Corporation 10-21-1953 - - David ABBOTT |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Abbott of England is a leader in the North American giftware industry for
nearly 60 years, expanding its buying reach over the years to include Spain,
Italy, Poland, the Philippines, India, Thailand, and much of Asia. 100 |
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Operations & branches: |
At above address, we find
the corporate headquarters, warehouse, showroom and office, owned. The Company maintains
showrooms located: World Trade Center America's Mart Gift Mart |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
David ABBOTT is the
President and CEO. Lee ABBOTT is Vice
President. They are the sons of Ben
ABBOTT, the founder of the business. They are also the
shareholders and Directors of: ABBOTT OF ENGLAND 1981
LIMITED Incorporated in Ontario
on 01-28-1981 ID# ON-0000468308 ABBOTT OF ENGLAND SALES
LTD Incorporated in Ontario
on 03-15-2006 ID# 00016982020 |
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FINANCIALS
In Canada, privately held corporations are not
required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in excess of CAD50,000,000=
The business is said to be
profitable.
Banks
HSBC
Royal Bank of Canada
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary : |
None |
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a satisfying credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
CAD 5,000,000+ |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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%)