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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
ARCO
IRIS BEAUTY SUPPLIES, INC |
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Registered Office : |
69 |
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Country : |
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Year of Establishment : |
1942 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Beauty products manufacturer |
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No. of Employees : |
Over 200 |
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
|
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 = 97.0460 USD |
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Legal Name: |
Arco
Iris Beauty Supplies, Inc. (ordered as Iris Beauty Supplies) |
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Legal Address |
69 Brunswick Dollard Des Ormeaux H9B 2N |
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Operative Address |
69 Brunswick Dollard Des Ormeaux H9B 2N |
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Telephone: |
+1 514-685-9966 |
ID : |
N/A |
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Fax: |
+1 514-685-5722 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1942 |
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Manager: |
Sam Sasson - President & CEO, Chairman |
Date Incorporated: |
N/A |
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Staff: |
Over 200 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Beauty products manufacturer. |
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Name of the Bank |
Laurentian Bank |
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Location |
Quebec - Canada |
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HISTORY |
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Arcos Iris Beauty Supply Inc was established in 1942 in Canada. |
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PRINCIPAL ACTIVITY |
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The company manufacture beauty products and skin care. The company belongs to Arco Group, which is fully-owned (100%) by the
Sasson family. Arco Group owns a group of companies dedicated to manufacture beauty
and helth products. |
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Products/Services description: |
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The company manufacture more than 10,000 products including: Body
care, Organic products, Petroleum products, Vapour rub, Ice gels, Baby care,
Cotton products, Disinfectant, Hair care, Lip care, Nail care, professional
products, among others. The products are manufactured by Delon Laboratories, which also
belongs to the Arco Group. |
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Sales are: |
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Wholesale |
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Clients: |
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Weston Imp. Ltd. 21 Mary Parade Rydalmere Nsw Australia |
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Operations area: |
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National, International |
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The company exports to Australia, Korea, USA |
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The subject employs Over 200 emplyees. 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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69 Brunswick Dollard Des Ormeaux H9B 2N |
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The property is: |
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Owned |
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Branches: |
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The company does not have any branches. |
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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 and its shareholder is the Arco Group which is
fully owned by the Sasson family. |
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Management: |
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Sam Sasson - President & CEO, Chairman Mayer Sasson - Executive Vice President |
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Related Companies: |
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The Arco Group is also the owner of the following active companies: • Delon Laboratories, Inc. • Noble Hair Cosmetics, Inc. They are sister companies to our subject. |
- 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´s Chief Financial Officer, Lior Benzur
who provided us with the following data: |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
40,000,000 |
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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 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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Arcos Iris Beauty Supply Inc is a big size
company, which was established in 1942 in Canada. It is a family -owned privately held company
belongs to Arco Group, which is fully-owned
by the Sasson family. The Arco Group is also the owner of Delon Laboratories Inc and Noble Hair
Cosmetics, Inc which are dedicated to manufacture beauty and helth products. The company works with Laurentian Bank
from Quebec - Canada and its profitabillity
is correct according to the financial information provided. Moreover, the company has no legal filings
listed with the District Court. |
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Profitability |
GOOD |
Public
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NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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Person Interviewed |
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Lior Benzur |
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Position |
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Chief Financial Officer |
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Comments |
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The person interviewed provided us with the following information: 1.Date the company was creted, 2.The company´s taff number 3.The name of the bank with which the company works. 4.The company´s principal activity 5.Trade information |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
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UK Pound |
1 |
Rs.86.88 |
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Euro |
1 |
Rs.69.88 |
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 |
---- |
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.