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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
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Name : |
LEVI STRAUSS & CO (CANADA) INC. |
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Registered Office : |
1725 16th Avenue, Ste 200, Richmond Hill, Ontario L4B 4C6 |
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Country : |
Canada |
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Date of Incorporation : |
01.12.1982 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and wholesaler of jeans wear |
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No. of Employees : |
200 |
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 : |
Moderate |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
CANADA - ECONOMIC
OVERVIEW
As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela.
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Source
: CIA |
LEVI STRAUSS &
CO (CANADA) INC. (in English)
LEVI STRAUSS &
CIE (CANADA) INC. (in French)
Address: 1725 16th Avenue, Ste 200,
Richmond Hill, Ontario L4B 4C6 – Canada
Telephone: +1 905-763-4400
Fax: +1 905-763-4517
Website: www.levi.ca
Corporate ID#: 000529564
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: December
1, 1982
Stock: -
Value: -
Name of manager: Bo Johan NYSTEDT
History:
LEVI STRAUSS CANADA INC.
was incorporated in Ontario on 04-04-1972 under
ID# ON-000254219, merged
into LEVI
STRAUSS & CO (CANADA) INC.
Business:
Importer and wholesaler of jeans wear.
Suppliers include:
LEVI STRAUSS & CO.
1155 Battery Street, San Francisco, CA 94111 - USA
Staff: 200
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains a
warehouse located:
90 Claireville Dr, Etobicoke, Ontario M9W 5Y1, Canada
Ph: +1 416-675-1222
and 16 stores.
Shareholders:
LEVI STRAUSS & CO.
1155 Battery Street, San Francisco, CA 94111 - USA
Levi Strauss & Co. operates as a branded apparel company worldwide.
It designs, markets, and sells jeans, casual and dress pants, tops,
shorts, skirts, jackets, footwear, and related accessories for men, women, and
children under the Levi’s, Dockers, Signature by Levi Strauss & Co., and
Denizen brand names. The company also licenses its trademarks for various
product categories, such as footwear, belts, wallets and bags, outerwear,
sweaters, dress shirts, kids wear, sleepwear, and hosiery.
It distributes its Levi’s and Dockers products primarily through chain
retailers and department stores in the United States; and through department
stores, specialty retailers, and franchised stores internationally.
Management:
Daniel J. WENZEL is the President and Director
Present here since 04-20-2012
Other Directors include Donna KEON and Kevin WILSON.
Bo Johan NYSTEDT is the Manager
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2011 is in the range of CAD 20,000,000+
The business is profitable.
Banks: JPMorgan Chase Bank (Ontario Branch)
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: November
2013
High credit: CAD
40,000
Now owing: 0
Past due: 0
Last purchase: October
2013
Line of business: Office supply
Paying status: 8
days terms
Date reported: November
2013
High credit: CAD
300,000+
Now owing: 0
Past due: 0
Last purchase: October
2013
Line of business: Payroll
Paying status: As
agreed
Date reported: November
2013
High credit: CAD
3,000
Now owing: 0
Past due: 0
Last purchase: October
2013
Line of business: Telecommunications
Paying status: 6
days beyond terms
Domestic credit history:
National Credit Bureaus
gave a medium credit rating.
According to our credit analysts, during the last 6 months, payments
ware made with an average of 10 to 15 days beyond terms.
International
credit history:
Payments of imports are currently made with an average of 10 to 15 days
beyond terms.
Other comments:
The Company maintains its
business but the market is very competitive.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
10-10-2013.
The risk is medium/low.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the terms of payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.100.79 |
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Euro |
1 |
Rs.84.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.