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Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
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Name : |
HOME DEPOT OF CANADA INC. |
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Registered Office : |
1 Concorde Gate, |
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Country : |
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Date of Incorporation : |
1994 |
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Legal Form : |
Federal Corporation |
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Line of Business : |
Subject operates as a retailer of home improvement products It offers patio furniture, BBQS, outdoor power products, lawn
and garden care products, lawn and garden tools, and interactive tools |
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No. of Employees : |
18,000 |
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 – 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: HOME DEPOT OF CANADA INC.
Headquarters: 1 Concorde Gate,
Telephone: +1 416-609-0852
Fax: +1 416-412-4215
Website: www.homedepot.ca
Corporate ID#: 8067503
State: Federal
Judicial form: Federal Corporation
A Federal Corporation is allowed to do
business in all
Date registration: 01-30-2012
Date founded: 1994
Stock: -
Value: -
Name of
manager: William G. LENNIE
History:
Business
issued from the merger of:
- HOME
DEPOT OF CANADA INC. (Federal ID# 7880294)
- HOME
DEPOT REALTY LTD. (Federal ID# 8067490)
Business:
Home Depot Canada Inc. operates as a retailer of home improvement products in Toronto, Canada.
It offers patio furniture, BBQS, outdoor power products, lawn and garden care products, lawn and garden tools, and interactive tools; appliances, such as refrigerators and freezers, dishwashers, small and cooking appliances, air conditioners and portable fans, air purifiers and filters, washers and dryers, humidifiers and dehumidifiers, and vacuum products; bath products, including sinks and vanities, bath faucets, toilets, showers and tubs, laundry room products, bath furniture and storage products, bath lighting and fans, bath accents, and bath safety products; and building materials comprising building supplies, hardware, lumber, insulation and drywall, electrical, plumbing, roofing, and molding and baseboards products, as well as heating, cooling, and ventilation products. The company also offers home décor products, such as storage and organization, furniture, home accents, ceiling tiles and accessories, fireplace and mantels, paint, and window treatments; floor products, including area rugs and mats, tile and vinyl, hardwood and laminate, carpet, and stairs; furniture comprising bedroom, home office, living room, kids room, dining room, entryway, and furniture parts; kitchen products, such as kitchen cabinets and faucets, kitchen sinks, countertops and backsplashes, kitchenware, and laundry room products; and lighting products, including indoor and outdoor lighting, lamps and shades, light bulbs, and ceiling fans and accessories. In addition, it offers various outdoor and plumbing products, and household tools; and windows and doors. Further, the company provides installation, and pro and tool rental services. It caters to home improvement, construction, and building maintenance professionals, as well as do-it-yourselfers.
The company was founded in 1994 and is based in Toronto, Canada.
Home Depot Canada Inc. operates as a subsidiary of The Home Depot, Inc.
Staff: 18,000
Operations & branches:
At the
headquarters, we find the corporate office, on lease.
The Company
maintains 180 stores in 10 provinces.
Shareholders:
1st shareholder:
HOME DEPOT CANADA LP
40 King Street West, Toronto M5H 3S1, Canada
2nd
shareholder:
HOME DEPOT
INTERNATIONAL INC.
40 King Street West, Toronto M5H 3S1, Canada
The ultimate parent company is:
HOME DEPOT
INC.
2455 Paces
Ferry Road, Atlanta, GA 30339 - USA
Public
Company quoted with the NYSE under symbol HD.
Management:
William G. LENNIE is the President (not Director)
Duane PORTWOOD, General Manager
Carol B.
TOME is Vice President, Director and Treasurer.
Michael F.
ROWE is Vice President and CFO
L. Briley
BRIDENDINE Jr. is Vice President and Secretary.
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 in the range of
CAD 2
billion.
The
business is said to be profitable.
Banks: Royal Bank of Canada
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the District Courts.
Secured debts summary: Several
Trade
references:
Date
reported: December 2014
High
credit: CAD 100,000+
Now owing: 0
Past due: 0
Last
purchase: November 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: December 2014
High
credit: CAD 22,000,000
Now owing: 0
Past due: 0
Last
purchase: November 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: December 2014
High
credit: CAD 20,000
Now owing: 0
Past due: 0
Last
purchase: November 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 due date.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains a regular business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 07-25-2014.
The risk is
low.
Our
opinion:
A business connection
may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.64 |
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1 |
Rs.98.98 |
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Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIS |
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.