|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
PVH CANADA INC. |
|
|
|
|
Registered Office : |
555 Richmond Street, Toronto, Ontario M5V 3B1 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
30.06.2005 |
|
|
|
|
Legal Form : |
Federal Corporation – Profit (A Federal Corporation is allowed to do business in all the Country) |
|
|
|
|
Line of Business : |
The company markets sportswear, footwear, athletic apparel, underwear, robes, sleepwear, eyewear, sunwear, watches, handbags, men’s tailored clothing, |
|
|
|
|
No. of Employees : |
200+ |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CANADA - ECONOMIC OVERVIEW
As an affluent, 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
and 2011 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.
Source
: CIA
Company name: PVH CANADA INC.
Address: 555 Richmond Street,
Toronto, Ontario M5V 3B1 - Canada
Telephone: +1
416-363-1500
Fax: +1 416-363-1511
Website: -
Corporate ID#: 8067392
State: Federal
Judicial form: Federal Corporation – Profit
(A Federal Corporation is allowed to do
business in all the
Country)
Date incorporated: 01-30-2012
Date founded: 06-30-2005
Stock: -
Value: -
Name of manager: Richard
DECK
History:
Business issued from the
merger of:
- TOMMY HILFINGER CANADA
INC.
- PVH CANADA INC.
- TOMMY HILFIGER CANADA
RETAIL INC.
Business:
The company markets sportswear, footwear, athletic apparel, underwear,
robes, sleepwear, eyewear, sunwear, watches, handbags, men’s tailored clothing,
men’s dress furnishings, socks, small leather goods, fragrances, home
and bedding products, bathroom accessories, and luggage; and jeanswear, bags,
accessories, jewelry, watches, home furnishings, hosiery, women’s performance
apparel, dress shirts, and neckwear.
Suppliers include:
PVH INC.
200 Madison Avenue, New York, NY 10016
Staff: 200+
Operations & branches:
At the headquarters, we find
the corporate office, on lease.
The Company maintains a
branch located:
30 Pedigree Court
Brampton, Ontario L6T 5T8
Ph: 905-791-4959
Shareholders:
PVH CORP.
200 Madison Avenue
New York, NY 10016
United States
Public company quoted with the NYSE = PVH
PVH CORP. doing business as Phillips-Van Heusen Corporation designs and
markets branded dress shirts, neckwear, sportswear, footwear, and other related
products worldwide.
The company’s Calvin Klein Licensing segment licenses Calvin Klein
Collection, ck Calvin Klein, and Calvin Klein brands for sportswear, jeanswear,
underwear, fragrances, eyewear, men’s tailored clothing, women’s suits and
dresses, hosiery, socks, footwear, swimwear, jewelry, watches, outerwear,
handbags, leather goods, home furnishings, and accessories; and to operate
retail stores. Its Wholesale Dress Furnishings segment markets dress shirts and
neckwear principally under the ARROW, Calvin Klein, ck Calvin Klein, Calvin
Klein Collection, IZOD, Eagle, Sean John, Donald J. Trump Signature Collection,
Kenneth Cole New York, Kenneth Cole Reaction, JOE Joseph Abboud, DKNY, Tommy
Hilfiger, Elie Tahari, J. Garcia, and MICHAEL Michael Kors brands.
Management:
Richard DECK is the President, Director and CEO.
Other Directors include
- Michael A. SHAFFER
- Emanuel CHIRICO
- Mark D. FISHER.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a financial
assistant controlled the present report and confirmed that all financials are
consolidated into the parent company.
Consolidate sales
2011-2012: USD 5,890,624,000=
Net profit: USD
317,881,000=
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.