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Report Date : |
15.04.2014 |
IDENTIFICATION DETAILS
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Name : |
J. CREW CANADA INC. |
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Registered Office : |
77 King Street West, Ste 400, Toronto-Dominion Centre, Toronto, Ontario M5K 0A1 |
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Country : |
Canada |
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Date of Incorporation : |
03.12.2010 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Manufacturer, wholesaler, retailer men’s
and women’s clothing, shoes, accessories |
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No. of Employees |
300+ |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 merchandise 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
|
Source
: CIA |
J. CREW CANADA INC. (The correct corporate
name)
Your order on: J CREW CREW CUTS
RETAIL DC
c/o The Fashion Distributors, 30 Pedigree Court, Unit 2,
Brampton, Ontario L6T 5T8 - Canada
Address: c/o Dentons LLP (Law Office)
77 King Street West, Ste 400, Toronto-Dominion Centre
Toronto, Ontario M5K 0A1 - Canada
Headquarters: 110 Bloor Street,
Toronto, Ontario M5S 1M1 - Canada
Telephone: +1
416 968 7117
Fax: -
Website: www.jcrew.com
Corporate ID#: 7713967
State: Federal
Judicial form: Federal
Corporation – Profit
Date incorporated: December 3, 2010
Stock: -
Value: -
Name of manager: W. MacDonald MACINTOSH
Business:
Manufacturer, wholesaler, retailer men’s and
women’s clothing, shoes, accessories…
Suppliers include:
PT. SANDANG ASIA MAJU
ABADI KAWASAN INDUSTRI WIJAYAKUSUM JL. TUGU
INDUSTRI I NO. 8 RANDUGARUT,
TUGU SEMARANG INDONESIA
GRACE SUN VIETNAM
308 MINH KHAI STREET, HAI BA TRUNG DIS HANOI VIETNAM
Staff: 300+
Operations & branches:
At the headquarters, we find the corporate office and store.
The Company maintains other stores located:
110 Bloor Street Toronto ON M5S 1M1
Ph: +1 416-968-7117
6455 Macleod Trail SW Calgary T2H OK8
Ph: +1 403-252-6196
Suite 2566, 8882 170th Street Level Two,
Phase III Edmonton T5T 4M2
Ph: +1 780 484 1590
5000 Highway 7 Markham ON L3R 4M9
Ph: +1 905 470 6646
1800 Sheppard Avenue East Toronto ON M2J 5A7
416 496 7752
220 Yonge Street Unit# 3-102 Toronto ON M5B
2H1
Ph: +1 416 977 0941
1088 Robson Street Vancouver BC V6E 1A9
Ph: +1 604 684 2367
701 West Georgia Street Vancouver V7Y 1G5
Ph: +1 604 685 9729
754 Main St West Vancouver V7T 0A5
Ph: +1 604 921 9615
3401 Dufferin St Toronto ON M6A 2T9
Ph: 1 416 785 3682
and factories located:
1430 Parsons Rd., NW Space #106 Edmonton T6N
0B5
Ph: +1 780 434 5413
1 Bass Pro Mills Dr Space #159 Vaughan L4K
5W4
Ph: +1 905 532 9412
12850 Steeles Avenue Space #748 Halton Hills
ON L7G 0J1
Ph: +1 905-636-8410
For its deliveries and transportation, the
Company is using the services of
115161 Canada Inc. dba The Fashion
Distributors
30 Pedigree Court, Unit 2, Brampton, Ontario
L6T 5T8
Shareholders:
J. CREW GROUP, INC.
770 Broadway
New York, NY 10003 – USA
J.Crew Group, Inc. operates as a multi-brand
retailer of women’s, men’s, and children’s apparel, shoes, and accessories
primarily in the United States, the United Kingdom, and Canada.
Consolidate sales 2013: USD 2,428,257,000=
Net profit: USD 88,124,000=
Management:
W. MacDonald MACINTOSH, President and Director
Other Directors include James SCULLY, Stuart HASELDEN, and Jennifer
O’CONNOR.
Subsidiaries
And partnership: None
In Canada, privately held corporations are not required to publish any
financials.
On a direct call, nobody was available to answer our questions.
We sent an email but no answer received.
The business is said to be profitable.
Banks: Scotia Bank
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: February 2014
High credit: CAD 80,000+
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 3,000
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 satisfying credit rating.
According to our credit analysts, during the
last 6 months, domestic payments were made on terms.
International
credit history:
Payments of imports are currently made on
terms.
Other comments:
The Company is developing 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 annual meeting was held on 06-18-2013.
The risk is low.
Our opinion:
A business connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
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|
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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 |
-- |
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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.