MIRA INFORM
REPORT
|
Report Date : |
22.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
WHITE WAVE SPORTSWEAR INC |
|
|
|
|
Registered Office : |
8505 Devonshire |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.02.1990 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Manufacturer and wholesaler
of sportswear |
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 : |
300,000 USD. |
|
|
|
|
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) |
|
|
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
|
Currency: CAD |
IDENTIFICATION
|
Ordered as: |
White Wave Sportswear Inc |
||
|
Address in the order: |
8505 Devonshire |
||
|
Legal Name: |
WHITE WAVE SPORTSWEAR INC |
||
|
Trade Name: |
VÊTEMENT DE SPORT WHITE WAVE INC. |
||
|
Legal Address |
8505 Devonshire |
||
|
Telephone: |
+1(514)-789-08 09 |
Document Number : |
1142700195 |
|
Fax: |
+1(514)-384-42 50 |
Legal Form: |
Corporation for Profit |
|
Email: |
NA |
Registered in: |
|
|
Website: |
NA |
Date Created: |
February 17th,1990 |
|
Manager: |
Phillip Marcovitch, President |
Date Incorporated: |
February 19th, 1990 |
|
Staff: |
150 employees |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Manufacturer and wholesaler of sportswear. |
||
BUSINESS
|
HISTORY |
|
|
|
White Wave Sportswear Inc is a private company incorporated in |
|
PRINCIPAL ACTIVITY |
|
|
|
White Wave Sportswear Inc is working as a manufacturer and wholesaler
of Sportswear. The company's other legal name is VÊTEMENT DE SPORT WHITE WAVE INC. |
|
Products/Services description: |
|
|
|
The company offers Men's and boys' sportswear and athletic clothing. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Retailers |
|
Operations area: |
|
|
|
National, International |
|
The company imports from |
|
|
The company export to |
|
|
Trade References: |
|
|
|
Despite our searches we were not able to find any company's trade
references. |
|
The subject employs 150 employees employee(s) |
|
|
PAYMENTS |
|
|
|
Regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at 8505 Ch Devonshire Mont-Royal, |
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
Despite our long searches we were not able to find any company's trade
references. |
|
Management: |
|
|
|
MARCOVITCH PHILLIP, President MARCOVITCH LEONARD, Vice-President |
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. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
|
Currency |
DATE |
|
USD |
2009 |
|
Turnover |
40,878,360 |
|
The cash flow is |
|
|
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 medium 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. At this time, we believe that the company
can handle a credit line in the range of 300,000 USD. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public
|
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Position |
|
|
|
Account Payable |
|
Comments |
|
|
|
She was able to confirm us the information in the report. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.70 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.61.65 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.