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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
2063377 ONTARIO INC. |
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Registered Office : |
380 Hardy Road, Brantford, Ontario, Canada, N3R 5L8 |
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Country : |
Canada |
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Year of Establishment : |
1988 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Sporting Goods Stores |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
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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: 100.00 CAD = 98.4235 USD |
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Legal Name: |
2063377 ONTARIO INC. (order as Campus Crew Corporate Office) |
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Trade Name: |
CAMPUS CREW |
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Legal Address |
380 Hardy Road Brantford, Ontario, Canada N3R 5L8 |
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Operative Address |
380 Hardy Road Brantford, Ontario, Canada N3R 5L8 |
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Telephone: |
+1 519-759-6411 |
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Fax: |
+1 519-759-6752 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1988 |
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Manager: |
Nick Rizzo - President and Board Member |
Date Incorporated: |
1988 |
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Staff: |
5 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Sporting goods stores. |
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Name of the Bank |
Royal Bank of Canada |
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HISTORY |
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Nick and Rick Rizzo founded
their family owned retail company in 1980. By 1988 the company was operating 52 retail stores, including 3
divisions named Spats, Ladies Choice & Joggers located in Ontario,
Canada. At this time, the main company focus revolved around the athletic
branded footwear and clothing business, which lead to 80 plus Joggers stores.
In 1988, the family opened the first Campus Crew store located in
Hamilton, Ontario. |
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PRINCIPAL ACTIVITY |
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Campus Crew is a specialty retailer and wholesaler that sells men’s
and women’s casual fashion apparel and collegiate wear. The company designs its products in Canada and manufacuture them
throught partner factories located in Hong Kong, Taiwan, China, and Cambodia. |
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Products/Services description: |
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Campus Crew designs, markets and sells it’s own brand of casual, trend
right clothing geared to the 18 to 24 year old student. |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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The company operates under its own brand CAMPUS CREW. The company also sells a clothing line under the brand NBA Hardwood
Classics. |
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Clients: |
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The company sells its products to corporations and to the public
throught its stores. |
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Suppliers: |
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Jiangsu Arts & Crafts Imp. & Exp. Group 3 F C Bldg Laifu Garden Yangzhou Jiangsu China Yangzhou China |
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Operations area: |
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National |
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The company imports from Hong Kong, Taiwan, China, and Cambodia |
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The subject employs 5 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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380 Hardy Road Brantford, Ontario, Canada N3R 5L8 |
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Branches: |
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The company has 25 stores across Canada, located in Barrie,
Belleville, Bracebridge, Brantford, Burlington, Cambridge, Cookstown, Georgetown,
Hamilton, Kingston, London, Newmarket, Noth Bay, Oshawa, Peterborough, Port
Caling, Sault St Marie, St. Catherined, Sudbury, Thunder Bay, Timmins,
Waterloo, Welland, and Windsor. |
Manager - Related
Companies
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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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It is a private company owned by the Rizzo family. |
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Management: |
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Nick Rizzo President and Board Member |
Commercial Trends and Forecast
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company but we were transferred to voice mail several
times. We left a message but it has not been answered yet. However, the answering machine provides us of the company´s trade
name. |
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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 |
1,000,000 |
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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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Campus Crew is a privately held company,
which was founded in 1988 by the Rizzo family and was established in Canada. It is a specialty retailer and wholesaler
that sells men’s and women’s casual fashion apparel and collegiate wear. The company designs its products in Canada
and manufacuture them throught partner factories located in Hong Kong,
Taiwan, China, and Cambodia. Moreover, the company operates under its
own brand CAMPUS CREW and also sells a clothing line under the brand NBA
Hardwood Classics. We did not find any detrimental
information about the company. |
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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Comments |
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We have contacted the company but we were transferred to voice mail
several times. We left a message but it has not been answered yet. However, the answering machine provides us of the company´s trade
name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.81 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.