MIRA INFORM REPORT

 

 

Report Date :           

24.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

LINGERIE CLAUDEL INC

 

 

Registered Office :

260 rue Faillon O, Montral (Qubec) H2R2V7

 

 

Country :

Canada

 

 

Date of Incorporation :

23.02.1995

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Subject markets clothing

 

 

No. of Employees :

155

 

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 750,000

 

 

Status :

Good

 

 

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 – September 30th, 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

 

POLITICAL DATA

ECONOMIC DATA

Form of Government

GOVERNMENT

Federal

Currency

1.00 USD = 0.997864 CAD

Economic Risk

Nil

Branch Situation

Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Please take note that the name provided in the order is that of a trade name.

Legal Name:

LINGERIE CLAUDEL INC

Trade Name:

CLAUDEL

Legal Address:

260 rue Faillon O, Montral (Qubec) H2R2V7, Canada

Operative Address:

260 Faillon Ouest, Montral, Qc H2R 2V7, Canada

Telephone:

+1 (514) 277-3169

ID:

1142883470

Fax:

+1 (514) 277-4986

Legal Form:

Corporation for Profit

Email:

info@claudellingerie.com

Registerd In:

Canada

Website:

http://www.claudellingerie.com/

Date Created:

1967

Manager:

Claude Lapierre, CEO

Date Incorporated

February 23rd 1995

Staff:

155

Stock:

NA

 

 

Value:

NA

Activity:

It markets clothing.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY:

 

The company was created in 1967.

PRINCIPAL ACTIVITY:

 

It manufactures and markets clothing.

Products/Services description:

 

The company offers women underwear and nightwear

Sales are:

 

Wholesale

Brands:

 

CLAUDEL

Clients:

 

Professionals of the industry

Operations area:

 

National,InterNational,

 

The company export to USA.

 

Trade References :

 

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

 

The subject employs 155 employee(s)

 

Payments :

 

regular

LOCATION :

 

Headquarters:

 

 

The company is headquartered at 260 Faillon Ouest, Montral, Qc H2R 2V7, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

 

Shareholders Parent Company(ies):

 

This is a private company. It is a wholly owned subsidiary of 111764 CANADA LTE.

260 rue Faillon O Montral (Qubec) H2R2V7 Canada

Management:

 

Claude Lapierre, CEO
Mr Michel Lapierre, President
Mr Franois Lapierre, Vice President
Mr Roger Sauv, Vice President
Mr Andrew Speckert, Major Account Director
Mr Claude Chalifoux, Shipping Director
Mrs Suzanne Guyon, Human Resources Manager
Mrs Jocelyne Ross, Customer Service
Mrs Annie Sauv, Merchandising Supervisor
Mr Gilles Morin, Cutting Room Director
Mr Ricardo Bonilla, IT Manager
Mrs Mara Caplan, Sales Representative Canada
Mrs Rosy Osher, Programmation and Analysis
Mrs Theresa Corbo, Receptionist

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

 

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

We have contacted the Accounts Payable Department and we were directed to an automatic voicemail. We left them a message and no one has replied it yet.

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

45,820,000

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 medium sized Canadian company.

It started to operate in 1967. Therefore, it has a very good experience in its field.

LINGERIE CLAUDEL INC manufactures and markets "CLAUDEL" underwear and nighwear.

The brand "Claudel" is well known in the market.

Through the years, the company has achieved to remain stable 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 750,000-.

 

SUMMARY

 

FINANCIAL SUMMARY

DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments:


We have contacted the Accounts Payable Department and we were directed to an automatic voicemail. We left them a message and no one has replied it yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.77.19

Euro

1

Rs.65.29

 

 

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.