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Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
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Name : |
STEVE MADDEN CANADA INC. |
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Registered Office : |
2328 Rue Cohen, |
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Country : |
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Date of Incorporation : |
01.04.1995 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject is engages in wholesale and retail distribution of
footwear and accessories |
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No. of Employee : |
10 |
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 : |
Slow but correct |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
As a high-tech industrial
society in the trillion-dollar class,
|
Source
: CIA |
Company name: STEVE MADDEN CANADA INC.
Address: 2328 Rue Cohen,
Telephone: +1 514-858-7272
Fax: +1 514-858-6250
Website: www.stevemadden.com
Corporate ID#: 3137121
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: April 1, 1995
Stock: -
Value: -
Name of
manager: THOMAS ALBERGA
Business:
Steve Madden Canada Inc. engages in wholesale and retail distribution of footwear and accessories under Steve Madden’s brand names.
The company distributes products to department stores,
specialty stores, luxury retailers, national chains, and mass merchants in
The company was founded in 1995 and is based in
STEVE MADDEN CANADA INC. is using the following registered business names:
- JFK
- STEVE MADDEN
Foreign suppliers
include:
GUANGZHOU HONGMIN SHOES
CO., LTD
ROOM 688,
Staff: 10
Operations & branches:
At the
headquarters, we find a store, warehouse and office.
Shareholders:
6798012 CANADA INC.
2328 Rue Cohen,
The ultimate Canadian parent company is:
SML ACQUISITION CANADA CORP.
Which is a
subsidiary of:
STEVEN
MADDEN LTD
52-16 Barnett Avenue, Long Island City, NY 11104 – USA
Listed with
the Nasdaq under symbol SHOO.
Management:
Thomas ALBERGA is the President, Director and CEO.
As far as we know, he is the President of:
- STEVE MADDEN DETAL CANADA INC.
- SML ACQUISITION CANADA CORP.
- 6798012 CANADA INC.
- 3574563 CANADA INC.
-
and others.
In Canada, privately
held corporations are not required to publish any financials.
On a direct
call, a financial assistant controlled the present report but deferred any
financials.
We sent a
fax but no answer received.
Outside sources
(bank) gave estimate sales for year 2013 in the range of
CAD
3,000,000=
The
business is said to be 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: November 2014
High
credit: CAD 12,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Office supply
Paying
status: 3 days beyond terms
Date
reported: November 2014
High
credit: CAD 20,000
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: November 2014
High
credit: CAD 600
Now owing: 0
Past due: 0
Last
purchase: October 2014
Line of
business: Telecommunications
Paying
status: 3 days beyond terms
Domestic credit history:
National
Credit Bureaus gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made with an average of 2 to 5 days beyond terms.
International
credit history:
Payments of imports are currently made with an average of 2 to 5 days beyond terms.
Other comments:
The bank
confirmed some late payments but remains confident.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 06-27-2014.
The risk is
medium/low.
Our opinion:
A business
connection may be conducted but we suggest you to check regularly the way of
payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.07 |
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|
1 |
Rs.98.73 |
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Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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 |
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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 |
-- |
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.