MIRA INFORM REPORT

 

 

Report Date :

13.01.2011

 

IDENTIFICATION DETAILS

 

Name :

HUDSONS BAY CO ( HBC)

 

 

Registered Office :

401 Bay St, Ste. 500 Toronto, ON M5H 2Y4 

 

 

Country :

Canada

 

 

Year of Establishment :

1670

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Stores Department Chain.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 500,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Hudsons Bay Co

Address in the order:

8925, Torbram Road, Brampton, Ontario 4G1 Toronto

Comments on data supplied:

Dear client,

 

The location you provided us is a non incorporated business unit of Hudsons Bay Co c

 

Therefore, the report will concern  Hudsons Bay Co headquartered at 401 Bay St, Ste. 500 Toronto, ON M5H 2Y4 , Canada

Legal Name:

Hudsons Bay Co ( HBC)

Trade Name:

HBC

Legal Address

401 Bay St, Ste. 500 Toronto, ON M5H 2Y4  Canada

Mailing Address

P.O. Box 223, Station A Scarborough, Ontario, M1K 5C1, Canada

Telephone:

+1-416-861-61 12

Document Number :

NA

Fax:

+1-416-861-47 20

Legal Form:

Corporation for Profit

Email:

customerservice@hbc.com

Registered in:

Ontario

Website:

https://www.hbc.com

Date Created:

1670

Manager:

Bonnie Brooks, President

Date Incorporated:

1670

Staff:

55, 000 employees

Stock:

NA

 

 

Value:

NA

Activity:

Stores Department Chain.

 

 

BUSINESS

 

HISTORY

 

Hudson's Bay Company is the Canadian retail entity of Hudson's Bay Trading Company (HBTC).  Founded in 1670.

PRINCIPAL ACTIVITY

 

Hudson's Bay Company is working as a stores retailer in Canada.

The company is also doing business as HBC.

The Hudson's Bay Company operates the Bay, a major department store, Zellers, a mass merchandise format, Home Outfitters, a kitchen, bed and bath specialty store, and value-priced Fields stores.

Sales are:

 

Retail

Brands:

 

- Zellers

- The Bay

- Home Outfitters

Clients:

 

General Public

Operations area:

 

National, International

The company imports from Worldwide

The company does not export

Trade References:

 

Despite our searches we were not able to find any company's trade references.

The subject employs 55,000 employee(s)

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at 401 Bay St., Ste. 500 Toronto, ON M5H 2Y4, Canada

 

Surface area:

 

7,770,000 square kilometers

Branches:

 

The company has 600 retail location around the Canada, Among them: 8925 Torbram Rd, Brampton, ON, L6T 4G1

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is a subsidiary of The Hudson's Bay Trading Company (HBTC)

Richard Baker is the owner of HBTC.

Management:

 

Richard Baker, Chairman

Bonnie Brooks, President and CEO

Bob Kolida, Human Resources

Kerry Mader, Senior Vice President,

Mark Kinnin, General Manager

Michael Culhane, CFO

Donald Watros, Chief Operating Office

William Tracy, Supply Chain and Logistics,

Fritz Winans, Chief Operating Officer, Specialty Retail and Global

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data (estimates):Our Sources provided us exceptionally the figures in USD

Currency

DATE

 

USD

2009

 

Turnover

5,903,920,000

 

The cash flow is

Normal

 

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

 Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date

 

 Final Opinion

 

This is a Big size company with several years in the business.

 

The company's profitability is correct and the length of payment remains regular.

 

It's also important to notice that the company's turnover can be considered fair for the company's size.

 

The business inspires confidence.

 

At this time, we believe that the company can handle a credit line in the range of 500,000 USD.

 

A business connection can be considered.

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Position

 

Account payable department

Comments

 

He was able to confirm us the information in the report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.16

UK Pound

1

Rs.70.64

Euro

1

Rs.58.68

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.