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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MASTER FABRICS LTD (LES TISSUS MASTER LTEE) |
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Registered Office : |
7963 Alfred |
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Country : |
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Date of Incorporation : |
10.11.1971 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale Upholstery Fabrics. |
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No. of Employees : |
25 to 30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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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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 |
GEOPOLITICS –
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 99.2905 USD |
IDENTIFICATION
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Legal Name: |
MASTER FABRICS LTD (Les Tissus
Master Ltee) |
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Trade Name: |
Les Tissus Master Ltee |
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Legal Address |
7963 Alfred Montreal Quebec Canada H1J 1J3 |
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Operative Address |
7963 Alfred Montreal Quebec Canada H1J 1J3 |
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Telephone: |
+1 (514) 351-9715 |
ID : |
1143991041 |
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Fax: |
+1 (514) 351-9440 |
Legal Form: |
Limited Company |
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Email: |
info@masterfabrics.com |
Registered in: |
Canada |
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Website: |
www.masterfabrics.com |
Date Created: |
1972 |
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Manager: |
Bobby Imbach, President & Board Member |
Date Incorporated: |
November 10th, 1971. |
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Staff: |
25 to 30 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesale Upholstery Fabrics. |
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BANKS
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Name of the Bank |
TD Bank |
BUSINESS
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HISTORY |
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This company was created in the year 1972. |
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PRINCIPAL ACTIVITY |
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The subject operates as an importer and distributor of textiles. Typical uses of their fabrics include Drapery, Bedspread, Cubicle, upholstery,
shower curtain, decorative accessories, etc. |
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Products/Services description: |
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It offers a wide variety of fire retardant wovens, prints, high
abrasion fabrics, vinyl and sheers |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries. |
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Operations area: |
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National, International, Local |
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The company imports from United States Spain Italy China and |
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The company exports to |
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Trade References: |
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1)Valdese International Products, US Phone: +1 (828) 874-2181 Fax: +1 (828) 893 4144 Contact person: Paula She requested us to send them a fax in order to get credit references
but we didn't get an answer yet. 2) Clasical Elements Phone: +1 (919) 234-8025 Contact person: Debora Chapman, Accounting Clients since: 2009. Credit line: USD 16,000. Payment trend: on a 60 day basis The person contacted considered them excellent clients. 3) Covengton Phone: +1 (212) 689-2200. We only got an answering machine when trying to reach the accounting
area. Although we left them a message we didn't get an answer as of today. |
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Competitors: |
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Centre De Couture Marjo Textiles Letourneau (1988)
Inc, Les Rembourrage Anp Inc Wesco Na Inc Tissus Su-Ed Inc, Les |
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The subject employs 25 to 30 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 7963 Alfred Montreal Quebec Canada H1J
1J3. |
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Branches: |
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The company has an additional branch located at No other branches were reported. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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According to the information provided during the interview, the
company's parent company is Lasager LTd: Lasager Ltee 440 av. Lazard Mont-Royal (Québec) H3R1P5 |
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Management: |
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Bobby Imbach, President & Board Member Michel Pinard,Controller |
Financials - 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 Michel Pinard,Controller who provided us with the following
data: |
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Currency |
DATE |
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CAD |
2011 |
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Turnover |
12,000,000 to 15,000,000 |
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Operating Income |
400,000 |
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The cash flow is |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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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. |
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Final Opinion |
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Master Fabrics Ltd also known as Les Tissus Master Ltee in In spite of being a small structure, the subject has an international
presence and a well known experience. There were no legal filings found against the company or its legal
representatives. Based on the financial information kindly provided by the company, the
income per employee is pretty good for its size. In addition, the cash flow is normal and the payments are made on a
regular basis as reflected by the trade references contacted. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Michel Pinard |
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Position |
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Controller |
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Comments |
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He provided us with the following data: Year of creation Staff Banks that they work with Countries where they import from Countries where they export to Sales and operating income for 2011 Name of president Name of parent company |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.15 |
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1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.