MIRA INFORM REPORT
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Report Date : |
11.06.2011 |
IDENTIFICATION DETAILS
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Name : |
F3 DISTRIBUTION INC |
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Registered Office : |
2e Floor 2727, Boulevard
Taschereau Est, Saint-Hubert (Québec) J4t2e6 |
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Country : |
Canada |
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Date of Incorporation : |
09.07.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Clothing and Furnishings |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
20 000 USD |
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Status : |
Small Company |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Canada |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 102.3 USD |
IDENTIFICATION
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Ordered as: |
F3 Distribution Inc |
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Address in the order: |
2727, Tascherar Blndm, 2nd Fi Saint Hubert, Quebec Canada J4T 2E6 |
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Legal Name: |
F3 DISTRIBUTION INC |
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Legal Address |
2E FLOOR 2727, BOULEVARD TASCHEREAU EST SAINT-HUBERT (QUÉBEC) J4T2E6 |
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Telephone: |
(450)923-0880 |
Document Number : |
1160910759 |
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Fax: |
(450)923 3205 |
Legal Form: |
Corporation for Profit |
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Email: |
info@f3distribution.com |
Registered in: |
Quebec |
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Website: |
http://f3distribution.com |
Date Created: |
2002 |
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Manager: |
ROY, CLAUDE |
Date Incorporated: |
July 9, 2002 |
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Staff: |
5 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Clothing and Furnishings |
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BANKS
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Name of the Bank |
Bank of Montreal |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company distributes sport clothes. |
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Products/Services description: |
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F3 Distribution is the exclusive Canadian Distributor for the Pearl
Izumi, Horny Toad and Simple brands. |
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Sales are: |
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Wholesale |
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Clients: |
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Sport clothes retailers |
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Operations area: |
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National |
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The company imports from China, Thailand, India |
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The company does not export |
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Trade References: |
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The person contacted refused to provide the names of their suppliers for
us to check the trade references. |
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Competitors: |
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Le Château Inc. Moores The Suit People Inc Clothing For Modern Times Ltd Warehouse One Clothing Ltd. |
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The subject employs 5 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered and single located at the above address. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Management: |
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President & Board Member Claude Roy Secretary Claude Panneton Sales & Marketing Director Pierre Vermette |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1 150 000 |
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The cash flow is |
normal |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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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. |
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Final Opinion |
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The company has 9 years in the business. It is a small sized American company,
evolving in a competitive sector. Profitability is correct, indebtedness is low,
cash is normal and payments are regular. We did not find a specific adverse record
against the subject. A credit line may be considered for 20 000
USD. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Nadine |
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Position |
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Accounts payable |
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Comments |
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The receptionist confirmed us some information; for financial and
commercial data, a message has been left to the person above but the call has
not been returned yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.72 |
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UK Pound |
1 |
Rs.72.93 |
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Euro |
1 |
Rs.64.72 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.