MIRA INFORM REPORT

 

 

Report Date :

21.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SAFDIE & CO INC

 

 

Registered Office :

8191 ch. Montview, Mont-Royal, (Québec) H4P2P2,

 

 

Country :

Canada

 

 

Date of Incorporation :

1953

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Household Linen Supplier.

 

 

No. of Employees :

70

 

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 :

USD 230,000-.

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 = 1.00325 USD

Branch Situation: Stable

 

 

IDENTIFICATION

Ordered as:

Safdie And Co Inc

Address in the order:

8191 Montview Mount Royal Quebec Canada H4P 2P2

 

 

Legal Name:

SAFDIE & CO INC

 

 

Legal Address

8191 ch. Montview, Mont-Royal, (Québec) H4P2P2, Canada

Operative Address

8191 ch. Montview, Mont-Royal, (Québec) H4P2P2, Canada

Telephone:

+1 (514) 344-7599

ID :

1142805838

Fax:

+1 (514) 344-9974

Legal Form:

Corporation for Profit

Email:

sales_info@safdieco.com

Registered in:

Canada

Website:

http://www.safdieco.com/

Date Created:

1953

Manager:

Gabriel Safdie, President

Date Incorporated:

February 21st 1995

Staff:

70

Stock:

NA

 

 

Value:

NA

Activity:

Household linen supplier.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

The company was created in 1953.

PRINCIPAL ACTIVITY

 

Household linen supplier.

Products/Services description:

 

The company's product line include:

Kitchen

Tabletop

Curtain

Bathroom linens

Towels

Bedding

Blanket collections

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry

Operations area:

 

National, International

The company export to USA, Europe, Asia and South America

Trade References:

 

We couldn’t contact a person at the company’s to provide us the trade references.

The subject employs 70 employee(s)

PAYMENTS

 

Regular

 

 

 

LOCATION

Headquarters

 

The company is headquartered at 8191 ch. Montview, Mont-Royal, (Québec) H4P2P2, Canada

Surface area:

 

250,000 sq ft

Branches:

 

The company has a branch located in Toronto.

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. It is owned by M.G.S.L. HOLDINGS LTD and the Safdie family.

Management:

 

Gabriel Safdie, President

Related Companies:

 

Affiliated company:

Safdie International Inc, located in New York, USA

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

We have tried to contact the business and we were transferred to an automatic voicemail.

 

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

14,168,960

 

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 medium sized Canadian company.

 

It started its commercial operations in 1953. Therefore, it has an excellent experience in its field.

 

SAFDIE & CO INC is a well established business. It has a good business structure, with a branch and international locations.

 

The company is well known in the market.

 

No evidence of legal or labor antecedents found against the company in the consulted databases.

 

Credit line may be considered for USD 230,000-.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We were directed to an automatic voicemail while trying to reach the Accounts Payable. We left her a message but we haven't received an answer yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.