MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

I MILLER INTERNATIONAL INC

 

 

Registered Office :

199 Main Street P.O. Box 190, Burlington Vt 05402, États-Unis, Canada (Not verified)

 

 

Country :

Canada

 

 

Date of Incorporation :

1909

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

It markets and distributes clothing.

 

 

No. of Employees :

15

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Canada

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


Economic Risk: Nil

Currency: 1.00 CAD = 1.01085 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

I MILLER INTERNATIONAL INC

Address in the order:

150 Montee Deliesse Villk Saint Laurent Quebec H4TIN6

 

 

Legal Name:

I MILLER INTERNATIONAL INC

 

 

Legal Address

199 Main Street P.O. Box 190, Burlington Vt 05402, États-Unis, Canada (Not verified)

Operative Address

150 Montee Deliesse Villk Saint Laurent, Quebec H4TIN6, Canada (Headquarters)

Telephone:

+1 (514) 383-5759 Ext. 501

ID :

1160497112

Fax:

+1 (514) 383-4861

Legal Form:

Corporation for Profit

Email:

lmiller@imiller.com

Registered in:

Canada

Website:

NA

Date Created:

1909

Manager:

Lawrence Miller, President

Date Incorporated:

December 18th 2001

Staff:

15

Stock:

NA

 

 

Value:

NA

Activity:

It markets and distributes clothing.

 

 

BANKS

 

Name of the Bank

RBC Bank (Royal Bank of Canada)

 

 

BUSINESS

 

HISTORY

 

The company was created in 1909.

PRINCIPAL ACTIVITY

 

The company imports and distributes clothing.

 

It operates mainly within Canada and the United States of America. Nevertheless, it has a small amount of operations in Europe.

Products/Services description:

 

The company offers apparel and related products.

Sales are:

 

Wholesale

Brands:

 

Cruel®

Rockies®

Southern Thread®

Others

Clients:

 

Retailers, such us Macy's, debsy nors Harry Rowson

Operations area:

 

National, International, Local

The company imports from China, India, Taiwan, Hong Kong, Others

The company exports to USA, Europe

Trade References:

 

OMNI TRANS - Customs broker - Canada

+1 (514) 288-4365

Contact: Steve

We contacted the company but we could not reach Steve in order to obtain trade references.

 

The subject employs 15 employee(s)

Comments on staff:

 

This information was confirmed by the staff.

PAYMENTS

 

made on a 30 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at 150 Montee Deliesse Villk Saint Laurent, Quebec H4TIN6, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. It is a subsidiary of MILLER INTERNATIONAL INC, located in the USA.

Management:

 

Lawrence Miller, President

Ian Miller, Vice President

Related Companies:

 

Sister company:

I. MILLER SHIRTS INC.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Lawrence Miller,President who provided us with the following data:

Currency

DATE

 

CAD

2011

 

Turnover

10,000,000

 

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 subject is a small size company.

 

It started its operations in 1909. Therefore, it has an excellent experience in its field.

 

I MILLER INTERNATIONAL INC markets apparel and related products.

 

The company seems to have a solid business structure.

 

No specific adverse record has been found on the subject.

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Lawrence Miller

Position

 

President

Comments

 

We have contacted this person at the company's who kindly provided us the following data:

 

Address

Employees

Creation date

Management

Shareholders

Affiliated companies

General commercial information

Supplier

Payment terms

Financial data 2011

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.98

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.