|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRIPLE 5 INC. |
|
|
|
|
Registered Office : |
555 Rue Chabanel Ouest, Bureau 805, Montreal, Quebec H2N 2H8 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
03.10.1983 |
|
|
|
|
Legal Form : |
Federal Corporation – Profit |
|
|
|
|
Line of Business : |
Importer and Wholesaler of family clothing. |
|
|
|
|
No. of Employees : |
20 + part time |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 2010-12 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.
|
Source : CIA |
Company name: TRIPLE 5 INC.
Address: 555 Rue Chabanel Ouest, Bureau 805
Montreal, Quebec H2N 2H8 -
Canada
Telephone: +1
514-382-3555
Fax: +1 514-384-1568
Website: www.triple5.com
Corporate ID#: 1576399
State: Federal
Judicial form: Federal Corporation – Profit
(A Federal Corporation is allowed to do
business in all the Country)
Date incorporated: October 3,
1983
Stock: -
Value: -
Name of manager: Vipan
SONI
Business:
The Company is a large importer and wholesaler of family clothing.
Brands include TRIPLE 5, FIRETRAP, COUPE, EVERBLUE, LORENZI, and others.
Imports mainly from Asia and sells to distributors and retailers in
Canada and the United States.
Staff: 20 + part time
Operations & branches:
At the headquarters, we
find a large showroom and office, on lease
Shareholders:
VIPSON HOLDINGS INC
555 Rue Chabanel Ouest, Bureau 805
Montreal, Quebec H2N 2H8
Incorporated in Quebec on
11-13-1986
ID# 1143198878
Management:
Vipan SONI is the President, Director and CEO.
As far as we know, he is the owner of VIPSON HOLDINGS INC.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody accepted
to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2011 in the range of
CAD 6,000,000+
The business is profitable.
Banks: Banque de Montreal
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: November 2012
High credit: CAD 30,000
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Office supply
Paying status: On terms
Date reported: November 2012
High credit: CAD 60,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: November 2012
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent
Activity |
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
05/12 |
$50,500 |
100% |
0% |
0% |
0% |
0% |
|
06/12 |
$48,500 |
100% |
0% |
0% |
0% |
0% |
|
07/12 |
$49,900 |
100% |
0% |
0% |
0% |
0% |
|
08/12 |
$51,100 |
100% |
0% |
0% |
0% |
0% |
|
09/12 |
$51,100 |
100% |
0% |
0% |
0% |
0% |
|
10/12 |
$50,300 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains its
business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
October 9, 2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.