MIRA INFORM REPORT
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Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
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Name : |
WINNERS MERCHANTS INTERNATIONAL LP |
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Registered Office : |
6715 Airport Road Mississauga, ON, L4V 1Y2 |
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Country : |
Canada |
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Year of Establishment : |
1982 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Off-Price Retailer |
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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Status : |
Satisfactory |
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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 USD = 70 ZEUR 100 USD = 98 CAD |
IDENTIFICATION
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Ordered as: |
Winners Merchants International LP |
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Address in the order: |
6715 Airport Road, Mississauga, Ontario L4V LY23 |
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Legal Name: |
Winners Merchants International LP |
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Trade Name: |
WMI / Winners |
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Legal Address |
6715 Airport Road Mississauga, ON, L4V 1Y2, Canada |
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Telephone: |
+1 (905) 405-8000 |
ID : |
NA |
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Fax: |
NA |
Legal Form: |
Limited Partnership |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1982 |
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Manager: |
MICHAEL MACMILLAN, CHAIRMAN OF THE BOARD |
Date Incorporated: |
NA |
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Staff: |
600 (At location) |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Off-price retailer |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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This company was created in the year 1982. |
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PRINCIPAL ACTIVITY |
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Winners Merchants International L.P. is an off-price retailer of home
and apparel fashions in Canada. It retails home décor that
includes cookware, steamware, and dishtowels, as well as bedroom sheets and
pillows; beauty products, including fragrances, spa accessories, hair care
and salon appliances, bath and body products, and skin care products; suits,
blouses, sweaters, swimwear, jackets, skirts, dresses, slim pants, and
lingerie and hosiery for women; denim wear, tees, hoodies, and other outfits
for juniors and men; toys, books, games, gifts, and dresses for kids;
footwear; accessories comprising hats, belts, scarves, and handbags; and 14
carat gold necklaces, pendants, and earrings, as well as fashion jewelry,
sterling silver, watches, and men’s cufflinks. The company was founded in 1982 and is based in Mississauga, Canada.
Winners Merchants International L.P. operates as a subsidiary of The TJX
Companies, Inc. |
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Products/Services description: |
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Cookware Steamware Dishtowels Beauty products |
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Sales are: |
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Retail |
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Clients: |
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General clientele |
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Operations area: |
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National, Local |
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The company imports from Worldwide |
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The company export to Worldwide depending on the demand |
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Competitors: |
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Home Outfitters Designer Depot A Buck Or Two Wal-Mart Canada Corp Zellers Inc |
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The subject employs 600 employee(s) |
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Comments on staff: |
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The company has 12,000 employees at group level. |
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PAYMENTS |
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regular |
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Branches: |
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The company has several branches all over Canada, among them: -1 Bass Pro Mill Drive Vaughan, ON L4K 5N4 -900 Dufferin Street South Toronto, ON M6H 4A9 -1054 Centre Street Vaughan, ON L4J 3M8 -471 Queen Street S Bolton, ON L7E 2B5 |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is a wholly owned subsidiary of The TJX Companies, Inc. a
public company that trades at the stock exchange NYSE under ticker symbol
TJX: The TJX Companies, Inc. 770 Cochituate Road Framingham, MA 01701 United States Phone: 508-390-1000 Fax: 508-390-2091 Website: http://www.tjx.com |
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Management: |
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MICHAEL MACMILLAN, CHAIRMAN OF THE BOARD KENNETH FLYNN, FINANCE VICE PRESIDENT DOUGLAS MIZZI, SENIOR VICE PRESIDENT OPERATIONS |
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 (Exceptionally in USD). |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
500,000,000 (Est. for location) |
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The cash flow is |
Normal |
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Comments on the financial data: The
consolidated turnover with the parent company (The TJX COMPANIES, INC.) on
January 30, 2010 was in the range of 20,288,444,000 USD. |
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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 good 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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This is a business with experience in the
industry. The company operates as a retailer of
clothing accessories with international presence. There were no legal filings found against the
company or its legal representatives. The business has considerable incomes. No specific adverse record related to the
company's name was found during our investigation. The company can handle a credit line. Business connections can be conducted. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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Answering machine. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.18 |
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UK Pound |
1 |
Rs.73.65 |
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Euro |
1 |
Rs.64.95 |
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.