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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN EAGLE OUTFITTERS CANADA CORPORATION |
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Registered Office : |
450 Courtney Drive,
Mississauga, Ontario L5W 1Y6 |
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Country : |
Canada |
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Date of Incorporation : |
30.01.2004 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Retailer of relaxed, versatile clothing, accessories, and footwear for
young men and women. |
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No of Employees : |
2,900 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 high 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 abundant 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 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela.
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Source
: CIA |
Company name: AMERICAN EAGLE
OUTFITTERS CANADA CORPORATION
Headquarters: 450 Courtney Drive, Mississauga, Ontario L5W 1Y6 - Canada
Telephone: +1
289-562-8000
Fax: +1 289-562-8098
Website: -
3086051
Nova Scotia
Corporation - Profit
01-30-2004
-
-
James V. O’DONNEL
History:
The Company is issued from
the merger of
- BLUE NOTES LIMITED
- NATIONAL LOGISTICS
SERVICES, INC.
- AE CANADA ULC
Business:
American Eagle Outfitters Canada Inc. is an American lifestyle retailer
of relaxed, versatile clothing, accessories, and footwear for young men and
women.
American Eagle Outfitters Canadian headquarters are located in
Mississauga, Ontario.
American Eagle Outfitters Canada Inc. operates as a subsidiary of
American Eagle Outfitters Inc. (USA)
The Company is
doing business as:
- BRAEMAR
- BRAEMAR PETITES
- THRIFTYS
- BLUE NOTES
- NATIONAL LOGISTICS SERVICES
Staff: 2,900
Operations & branches:
At the headquarters, we
find the corporate office, warehouse and main store.
The Company maintains 98
stores in Canada.
Shareholders:
AMERICAN EAGLE OUTFITTERS INC.
77 Hot Metal Street
Pittsburgh, PA 15203- United States -
Phone: 412-432-3300
Fax: 724-779-5585
Web Site: http://www.ae.com
American Eagle Outfitters, Inc. operates as a retailer that engages in
the design, marketing, and sale of clothing in the United States and Canada.
The company offers jeans and graphic Ts, as well as accessories, outerwear,
footwear, basics, and swimwear under American Eagle Outfitters, American Eagle,
and AE brand names primarily targeting 15 to 25 year-olds.
It also provides products,
including bras, undies, camis, hoodies, robes, boxers, sweats, leggings, fitness apparel, and personal care
under the aerie by American Eagle brand
name Quoted with the NYSE under symbol AEO.
Sales for 12 months ending February 1, 2014: USD 3,305,800,000=
Net income: USD 83,000,000=
Management:
David OVIS, David REPP,
Scott HUARD, Vice Presidents
Mary BOLAND, Execurive Vice
President, Director and CFO
Charles SANDEL, Vice
President, Director and Secretary
Kenneth BARFUSS, Treasurer.
Subsidiaries &
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.
Sales declared for fiscal year
ending January 2014 is CAD 300,000,000
Banks: Royal Bank of Canada
Scotia Bank
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: February 2014
High credit: CAD 60,000+
Now owing: 0
Past due: 0
Last purchase: January 2014
Line of business: Office supply
Paying status: On terms
Date reported: February 2014
High credit: CAD 500,000+
Now owing: 0
Past due: 0
Last purchase: January 2014
Line of business: Payroll
Paying status: As agreed
Date reported: February 2014
High credit: CAD 6,000
Now owing: 0
Past due: 0
Last purchase: January 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a correct credit rating.
According to our credit analysts, during the last 6 months, payments
were currently made with an average of 2 to 3 days beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a satisfying credit history.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
03-28-2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.09 |
|
|
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 82.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.