|
Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
I. MILLER SHIRTS INC. |
|
|
|
|
Registered Office : |
150 Montée de Liesse, |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
17.04.1963 |
|
|
|
|
Legal Form : |
Quebec Corporation – Profit |
|
|
|
|
Line of Business : |
Manufacturer, importer and wholesaler of men’s shirts and
sweaters |
|
|
|
|
No. of Employees |
30 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
Your order on: I MILLER INTERNATIONAL INC.
The correct name is: I. MILLER SHIRTS INC.
Company name: LES CHEMISES I. MILLER INC. (in French)
I. MILLER SHIRTS INC. (in English)
Headquarters: 150 Montée de Liesse, Montreal, Quebec H4T 1N6 - Canada
Telephone: +1 514-383-5759
Fax: +1 514-383-4861
Website: www.imiller.com
Corporate ID#: 1144771178
State: Quebec
Judicial form: Quebec Corporation – Profit
Date incorporated: 06-13-1995
Date founded: 04-17-1963
Stock: -
Value: -
Name of
manager: Lawrence MILLER
Business:
Manufacturer, importer and wholesaler of men’s shirts and sweaters.
Exports to the U.S.
The Company is using the following registered business names:
- CHEMISES T. MILLER
- CHEMISES MILLER
- COTTONREEL
- I. MILLET SHIRTS
- MILLER SHIRTS
Foreign suppliers include:
WOOIL INDUSTRY CO., LTD.
3/F, 162-42 NOKBUN-DONG EUNPYUNG-GU SEOUL KOREA
NINGBO BRIDGE POWER IMP.& EXP.
188 WANJIN ROAD,SHIQI NINGBO CHINA NINGBO ZJ, CHINA
Staff: 30
Operations & branches:
At above
address, we find a factory, warehouse and office, owned.
Shareholders:
LES PLACEMENTS S.L.I.M. INC.
150 Montée de Liesse, Montreal, Quebec H4T 1N6
Incorporated on April 2, 1980
Federal ID# 508951
Management:
Lawrence
MILLER, President, CEO and Secretary.
Eugene FAVRET, Ian MILLER, Vice President
As far as we know, they are involved in other corporations, including:
LES PLACEMENTS S.L.I.M. INC.
150 Montée de Liesse, Montreal, Quebec H4T 1N6
7941102 CANADA INC.
150 Montée de Liesse, Montreal, Quebec H4T 1N6
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 2013 is in the range of CAD 8,000,000=
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
Trade
references:
Date
reported: July 2014
High
credit: CAD 10,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: July 2014
High
credit: CAD 50,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: July 2014
High
credit: CAD 800
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
Domestic credit
history appears as follow:
|
Monthly
Payment Trends - Recent Activity |
|
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 beyond terms.
Other
comments:
The Company
maintains a regular business.
The bank
confirmed
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 05-16-2014.
The risk
remains low.
Our
opinion:
A business connection
may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.100.23 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIS |
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.