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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GT WHOLESALE LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1961 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of goods |
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No. of Employees : |
6,500 |
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 – September 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Legal Name: |
GT WHOLESALE LIMITED |
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Legal Address |
2480 Walkley Road Ottawa, ON K1G 6A9 |
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Telephone: |
613-526-2416 / 613-521-8222 |
ID : |
N.A. |
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Fax: |
613-526-5233 |
Legal Form: |
Limited Liability Company |
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Email: |
careers@gianttiger.com / careers@gianttiger.com / customerservice@gianttiger.com |
Registered in: |
Canada |
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Website: |
http://www.gianttiger.com |
Date Created: |
1961 |
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Manager: |
Gordon Reid President & Board Member |
Date Incorporated: |
1981 |
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Staff: |
6,500 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Wholesaler of goods |
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Name of the Bank |
ROYAL BANK OF CANADA |
BUSINESS
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HISTORY |
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On Saturday, May 3rd, 1961, Gordon Reid, Founder opened his first store
in Ottawa, the Nation's Capital, The company was established in Canada as
company in 1981. |
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PRINCIPAL ACTIVITY |
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The company offers a large assortment of casual clothing and footwear
for the entire family including many of the latest fashion items at the
lowest possible prices. The identical quality and fashion items offered by
major chain stores are sold at Giant Tiger at remarkably lower prices. In
addition, everyday needs in groceries, confectionery, pet food, cleaning
supplies, housewares, stationery, toys and health and beauty products are
maintained in stock at all times. |
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Products/Services description: |
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The products that the company offer are: -Clothing & Footwear -House & Home -Health & Beauty -Grocery |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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-Giant Tiger -GT Express Fast and Friendly -Scott's Discount -Chestante Marie |
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Clients: |
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Public and companies in general with goods needs |
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Suppliers: |
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Hangzhou Lt Fashion Accessories Co Ltd Room 1009 No 50 Xueyuan Rd Xihu District Hangzhou China Tianjin Tiantai Garment Imp. & Exp. Co., Ltd. No. 63, Garment Road, Nankai District, Tianjin, China Ningbo Youngor International Floor 6 No 18 Dongdu Rd Ningbo Cn Garden Meadow Co. 27 F King Kong Commercial Cntr 9 Des Voeux Rd West Sheung Wan HK Cn Zhejiang Orient C & E Co., Ltd. New Orient Mansion, No. 12, Westlake Av., Hangzhou, Zhejiang, China,
310009 HEVEAPAC SDN BHD PT 414, KAWASAN PERINDUSTRIAN SG GADUT, KM 11, JALAN TAMPIN NSDK, MALAYSIA |
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Operations area: |
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National, Local |
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The company imports from China and Asia mostly |
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The subject employs 6,500 employees |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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2480 Walkley Road Ottawa, ON K1G 6A9 |
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The property is: |
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Owned |
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Branches: |
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The company has 206 locations around Canada, here you will find a few
of them: -Giant Tiger #198 George Street, Ottawa, ON, K1N 5W2 -GT Xpress #101085 Wellington Street West, Ottawa, ON, K1Y 2Y4 -GT Xpress #222865 DuMaurier Av, Ottawa, ON, K2B 7W3 -Giant Tiger #312396 St. Joseph Blvd, Ottawa, ON, K1C 1G1 -Giant Tiger #822480 Walkley Road, Ottawa, ON, K1G 6A9 -Giant Tiger #922950 Bank Street, Unit 12, Ottawa, ON, K1T 1N8 -Giant Tiger #1222016 Ogilvie Road, Ottawa, ON, K1J 7N9 -Giant Tiger #155900 Watters Road, Ottawa, ON, K4A 0B4 -Giant Tiger #1691 Stafford Road, Ottawa, ON, K2H 9N5 |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This company is onwned by the family Reid, where Mr. Gordon Reid is
the president & Board Member. |
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Management: |
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Mr. Gordon Reid, president & Board Member. |
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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 |
2011 |
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Turnover |
76,000,000 |
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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. |
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Local credit bureau gave a Normal 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 family has in the market over 50 years of experience, but as
company they have 31 years of experience. -This is a big size company with 6,500 employees, and a large list of
branches (206) around Canada. -We did not find any negative information about the company or legal
record against the company. -The company has the enough estructure to provide coverage around
Canada, also it shows their well position in the market. |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.68 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
-- |
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.