MIRA INFORM REPORT

 

 

Report Date :

01.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TRIPLE 5 INC

 

 

Registered Office :

555 Chabanel Street West, Suite 805, Montreal QC H2N 2H8

 

 

Country :

Canada

 

 

Date of Incorporation :

10.03.1983

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Wholesale Women\'s Apparel

 

 

No. of Employees :

20

 

 

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

 

Status :

Satisfactory

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:

TRIPLE 5 INC

 

 

Legal Address

555 CHABANEL STREET WEST, SUITE 805, MONTREAL QC H2N 2H8, Canada

Operative Address

555 Chabanel West, Suite #805

Montreal, Quebec, Canada H2N 2H8

Telephone:

514.382.3555 / 1.866.382.3555

ID :

1576399

Fax:

514.384.1568

Legal Form:

Corporation for Profit

Email:

info@triple5.com

Registered in:

Quebec, Canada

Website:

http://www.triple5.com/

Date Created:

March 10th 1983

Manager:

Vipan Soni President & Board Member

Date Incorporated:

March 10th 1983

Staff:

20

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Wholesale Women\'s Apparel

 

 

BANKS

 

Name of the Bank

First Bank of Canada

 

BUSINESS

 

HISTORY

 

TRIPLE 5 INC, was created in 1983 as 126535 CANADA INC.

 

In 1984 they changed the name for TRIPLE 5 INC.

PRINCIPAL ACTIVITY

 

Triple 5 Inc, works as distributor and importer of fashion apparel and accessories.

Products/Services description:

 

The company offers the following products:

 

Savvy streetwear line for those who have fashion in their soul.

 

Women daring to be themselves, define the very threads that go into each item produced.

 

Children’s wear line for girls. Collections are kid tested offering sporty and casual wear for girls aged 2-7.

 

A unique style and blend of looks that build the individual.

Sales are:

 

Wholesale

Brands:

 

Triple 5

 

Coupé

http://coupecollection.com/

 

Coupé Cutie

 

Pro(d)ux

http://www.triple5.com/produx/index.htm

Clients:

 

Public in general

Suppliers:

 

A. K. Enterprises

F-58, Ground Floor, kalkaji, New Delhi, India, 100 019

 

Ningbo Orient-Hongye Imp. & Exp. Co., Ltd.

No. 281, Qiyun Road, Duantang, Ningbo, Zhejiang, China, 315012

Operations area:

 

National, International, Local

The company imports from Asia, India

The company exports to U.S.

The subject employs 20 employees

PAYMENTS

 

Regular

LOCATION

Headquarters

 

555 Chabanel West, Suite #805

Montreal, Quebec, Canada H2N 2H8

The property is:

 

Owned

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company's main shareholder is VIPSON HOLDINGS INC.

 

Corporated in: 1986-11-13, and located at

 

Quebec, Montreal, Ahuntsic, 555 Rue Chabanel Ouest, Suite 805

Management:

 

Vipan Soni, President & Board Member

 

Ms, Linda, Controller



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

Currency

DATE

 

USD

2011

 

Turnover

7,500,000

 

The cash flow is

Normal

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

Rating

 

Local credit bureau gave a Normal credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

TRIPLE 5 INC, has 29 years of experience in the clothes market where they operate with the brands (Triple 5, coupé, coupé cutie and pro(d)ux), and located in Canada, they also distribute their products through retailers around Canada and U.S., Triple 5 Inc. also has the bakc up from the parent company (Vipson Holdings Inc.).

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Ms, Linda

Position

 

Controller

Comments

 

Ms. Linda, confirmed some of the information for this report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.87.37

Euro

1

Rs.69.95

 

 

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.