MIRA INFORM REPORT

 

 

Report Date :           

11.06.2011

 

IDENTIFICATION DETAILS

 

Name :

HATLEY - LITTLE BLUE HOUSE INC.

 

 

Registered Office :

860 90th Avenue, Lasalle, Quebec, H8R 3A2

 

 

Country :

Canada

 

 

Date of Incorporation :

02.03.1995

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Apparels and clothing supplier

 

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 :

250 000 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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 CAD = 102.3 USD

Branch Situation: Competitive

 

 

IDENTIFICATION

 

Ordered as:

Hatley The Little Blue House

Address in the order:

Hatley Lapetite Maison Bleau 950 Beaumongt Ave, Montreal Quebee H3N IV5

Comments on data supplied:

The address provided is the former address. The company is now located at the legal address below.

Legal Name:

HATLEY - LITTLE BLUE HOUSE INC.

Trade Name:

HATLEY - P\'TITE MAISON BLEUE INC.

Legal Address

860 90th Avenue

Lasalle, Quebec

H8R 3A2 Canada

 

 

Telephone:

1-877-742-8539

Document Number :

1143133529

Fax:

1-514-272-0989

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

Quebec

Website:

http://www.hatleystore.com

Date Created:

1985

Manager:

Chris Oldland

Date Incorporated:

March 2, 1995

Staff:

150

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Apparels and clothing supplier

 

 

BANKS

 

Name of the Bank

Scotiabank

 

 

BUSINESS

 

HISTORY

 

Until 1999, the name was LITTLE BLUE HOUSE INC.

PRINCIPAL ACTIVITY

 

Hatley - Little Blue House, Inc. is a supplier of apparels and clothings.

Sales are:

 

Retail

Clients:

 

women, tween, kids, infants and men.

Suppliers:

 

LIAONING LUCKY JOHNNY TRADING CO LT (China)

Operations area:

 

National, International

The company imports from Thailand and China

The company export to worldwide

Trade References:

 

The person contacted refused to provide the names of their suppliers for us to check the trade references.

Competitors:

 

Le Château Inc.

Moores The Suit People Inc       

Clothing For Modern Times Ltd   

Warehouse One Clothing Ltd

The subject employs 150 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at the above address.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Management:

 

Chris Oldland President & Board Member

Jeremy Oldland CEO

Nick Oldland Creative director

 

 

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

2010

Turnover

14 800 000

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

 

The company has 26 years in the business.

It is a medium sized American company, evolving in a competitive sector.

Profitability is correct, 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 250 000 USD.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 



APPENDIX

 

Person Interviewed

 

Jennifer

Position

 

Accounting department

Comments

 

She confirmed us some information; for financial data, an email has been sent to jenniferp@hatleylbh.com but an answer has not been received yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.72.93

Euro

1

Rs.64.72

 

 

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.