MIRA INFORM REPORT

 

 

Report Date :

11.01.2012

 

IDENTIFICATION DETAILS

 

Name :

SYSCO GUEST SUPPLY CANADA INC.

 

 

Registered Office :

570 Matheson Boulevard, East Unit 5, Mississauga, ON L4Z 4G3, Canada.

 

 

Country :

Canada

 

 

Year of Establishment :

1969

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

The company offers a range of amenities, textiles, and hospitality products.

 

 

No. of Employees :

47,000 (consolidated)

 

 

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 1,000,000

 

 

Status :

Good

 

 

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 GOVERNMENT

Federal

Currency

100.00 CAD = 97.9849 USD

Economic Risk

Nil

Branch Situation

Stable

 

 

IDENTIFICATION

 

Ordered as:

Sysco Guest Supply Canada Inc

Address in the order:

57 Matheson Blvde Unit 5 Mississauga L4Z 4G3

 

 

Legal Name:

Sysco Guest Supply Canada Inc

 

 

Legal Address:

570 Matheson Boulevard, East Unit 5, Mississauga, ON L4Z 4G3, Canada.

 

Operative Address:

570 Matheson Boulevard, East Unit 5, Mississauga, ON L4Z 4G3, Canada.

Telephone:

+1 (905) 896 1060

BN:

102224185RC0002

Fax:

+1 (905) 272 5781

Legal Form:

Corporation for Profit

Email:

info.canada@guestsupply.com

Registerd In:

Canada

Website:

www.guestsupply.ca

Date Created:

1969

Manager:

William J. DeLaney III, CEO

Date Incorporated

NA

Staff:

47,000 (consolidated)

Stock:

NA

 

 

Value:

NA

Activity:

The company offers a range of amenities, textiles, and hospitality products.

 

 

banks

 

Name of the Bank          ROYAL BANK OF CANADA

 

 

Business

 

 

HISTORY: The company was created in 1969.

 

PRINCIPAL ACTIVITY: The company offers a range of amenities, textiles, and hospitality products.

 

Products/Services description: Our subject supplies textiles, personal care amenities, and room and housekeeping products for independent properties in the lodging industry.

It offers textiles, including bath and hand towels, face cloths, tub mats, beds, bed linens, blankets, duvets, mattress pads and toppers, pillows and protectors, robes and slippers, shower curtains, and table linens and skirts; guestroom, janitorial, and indoor/outdoor waste products; and house keeping products, such as can liners, housekeeping carts and accessories, luggage carriers, toilet and facial tissues, and waste receptacles.

Sales are: Wholesale

 

Operations area: National,

 

The subject employs 46,000 employee(s)

 

Comments on staff:     Please notice that this is the consolidated number of employees that Sysco Corp. published in its last annual report.

 

Payments : regular

 

LOCATION :

                                                                                                                                                      

Headquarters: The company is headquartered at: 570 Matheson Blvd. E Unit 5, Mississauga ON L4Z 4G3, Canada.          

 

 

 

Shareholders – manager – related companies

 

Listed at the stock exchange:

 

NO

 

Shareholders Parent Company(ies):

 

This is a private company.

It is subsidiary of:

Sysco Corp. (NYSE: SYY )

1390 Enclave Parkway, Houston, TX 77077-2099, United States
Phone: 281-584-1390
Fax: 281-584-1737
www.sysco.com

Management:

 

William J. DeLaney III, CEO
Kenneth F. Spitler, COO

Related Companies:

 

The company is related to the following companies:

Sysco Guest Supply Europe Ltd.

4 Vulcan House, Calleva Park, Aldermaston, Berkshire, UK RG7 8PD
Phone: +44 (0) 118 981 7377
Fax: +44 (0) 118 981 7548
E-mail: sales@guestsupply.co.uk
Website: www.guestsupply.co.uk

Guest Supply Asia, Ltd.

9/F Hip Shing Hong Centre, 55 Des Voeux Road Central, H.K.
Phone: (+852) 2808 4133
Fax: (+852) 2890 2728
E-mail: info@guestsupply.com.hk
Website: www.guestsupply.com.hk

Shenzhen Guest Supply Co. Ltd.

1002, 10/F Shenhua Commercial Bldg,
2018 Jiabin Road, Luohu, Shenzhen, CN
Phone: +86 755 8223 6625
Fax: +86 755 8223 7284
E-mail: info@guestsupply.cn.com
Website: www.guestsupply.cn.com

SYSCO GUEST SUPPLY, LLC

1675 SOUTH STATE STREET, SUITE B, DOVER, KENT, DE 19901, USA.
Phone: +1 (609) 514 9696
Fax: +1 (609) 514 2692
E-mail: eservice@guestsupply.com
Website: www.guestsupply.com

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

 

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

We have contacted Louisa, accountant, who refused to provide us any financial data without knowing the name of the inquiring party.

However, the financial data is consolidated with those of the parent copmpany: Sysco Corp. (NYSE:SYY)

Currency

DATE

USD

2010-2011

Turnover

39,323,489,000

Operating Income

1,931,502,000

Net Income

1,152,030,000

Current Assets

5,732,882,000

Net worth

4,705,242,000

Liabilities

6,680,313,000

The cash flow is Normal

Currency

DATE

USD

2009

Turnover

36,853,330,000

Operating Income

1,872,211,000

Net Income

1,055,948,000

Current Assets

5,270,679,000

Fixed Assets

4,945,940,000

Net worth

3,449,702,000

Bank liabilities

2,476,649,000

The cash flow is NORMAL

Comments on the financial data : Please notice that those figures are for the period ending July 2nd. 2011.

 

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:

This is a big sized canadian company with over 40 years of experience in the market.

Its parent company is very well established. It has many subsidiaries through the entire world and has been getting positive results among the latest years.


The figures provided in this report are consolidated with the parent ones.

 

A credit line may be considered for USD 1,000,000.-

 

 

 

summary

 

FINANCIAL SUMMARY

DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

 

 

 

 

 

 

 

APPENDIX

 

Person Interviewed:

 

Louisa.

Position:

 

Accountant.

Comments:

 

She refused to provide any information without knowing who the inquiring party is.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.22

UK Pound

1

Rs.80.84

Euro

1

Rs.66.80

 

 

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.