MIRA INFORM REPORT

 

 

Report Date :

21.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VICKY CLOTH HOUSE LTD

 

 

Registered Office :

Suite 399-8148 128 St Surrey, BC V3W 1R1

 

 

Country :

Canada

 

 

Year of Establishment :

2000

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Clothing store.

 

 

No. of Employees :

25

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Legal Name:

VICKY CLOTH HOUSE LTD

 

 

Legal Address

Suite 399-8148 128 St Surrey, BC V3W 1R1 Canadá

Operative Address

Suite 399-8148 128 St Surrey, BC V3W 1R1 Canadá

Telephone:

+1 604-598-8395

 :

N.A.

Fax:

+1 604-598-8395

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

Canada

Website:

N.A.

Date Created:

2000

Manager:

Mr. Vicky, Owner.

Date Incorporated:

2000

Staff:

25

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Clothing store.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

VICKY CLOTH HOUSE LTD was created in 2000

PRINCIPAL ACTIVITY

 

VICKY CLOTH HOUSE LTD is a company dedicated to retail clothes.

Products/Services description:

 

The company offers suitcases, lugages and products related.

Sales are:

 

Retail

Clients:

 

Public in general

Suppliers:

 

J.K. Exporters

Bazar Sheikhan Jalandhar City 144001 Pb India

 

Operations area:

 

Local

The company imports from Korea and Inida mainly.

The company does not export

The subject employs 25 employees

PAYMENTS

 

made on a 45 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company has their headquarters located at:

 

Suite 399-8148 128 St Surrey, BC V3W 1R1 Canada

The property is:

 

Rented

Branches:

 

The company does not report any other location within Cadana.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

VICKY CLOTH HOUSE LTD is a private family held company.

Management:

 

Mr. Vicky, Owner.

 

 

 

 

 

 

 

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

We have contacted Mr. Vicky who refused to provide us any financial data on grounds of confidentiality.

 

Comments on the financial data: Mr. Vicky, refused to provide any financial information about the company.

 

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

 

VICKY CLOTH HOUSE LTD has 12 years of experience as clothes retailer from their location in Canada, from where they currently operate with 25 employees, this company import some of their products from Korea and India (mainly) and sells the products to the public in general at local level.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Vicky

Position

 

Owner

Comments

 

Mr. Vicky confirmed some basic information (address, activity, employees, creation date and  operations) he refused to provide financial information.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.15

UK Pound

1

Rs.86.58

Euro

1

Rs.67.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.