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Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BUFFALO INTERNATIONAL ULC |
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Registered Office : |
400 Rue Sauve Ouest, Montreal, Quebec H3L 1Z8 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2012 |
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Legal Form : |
Unlimited Liability Company |
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Line of Business : |
Subject is a leader in the denim industry. It offering multiple denim styles and a full fashion collection, Buffalo’s clothing and accessories are made for fashion savvy men and women aged 18-34. |
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No. of Employees |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate 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
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Source
: CIA |
Company name: BUFFALO INTERNATIONAL ULC
Address: 400 Rue Sauve Ouest, Montreal, Quebec H3L 1Z8 - Canada
Telephone: +1 514-388-3551
Fax: +1 514-388-1972
Website: www.buffalojeans.com
Corporate ID#: AB-2017244977
State: Alberta
Judicial form: Unlimited Liability Company
Date incorporated: 01-01-2012
Stock: -
Value: -
Name of
manager: Gilbert BITTON
History:
Business is
issued from the merger of:
SLIDE
HOLDINGS INC
3559513
CANADA INC
4183517
CANADA INC
SANDENAT
HOLDINGS INC
3559505
CANADA INC
3559521
CANADA INC
3915018
CANADA INC
BUFFALO
INTERNATIONAL INC
PLACEMENTS
BITTON INC
BUFFALO INC
ALDAX
HOLDINGS INC
6144195
CANADA INC
On
01-17-2013, BUFFALO TRADEMARKS HOLDING ULC merged into BUFFALO
INTERNATIONAL ULC
BUFFALO INTERNATIONAL ULC was founded on 01-01-2012 as a Federal Corporation under ID# 8027463 and continued as an Alberta Corporation, incorporated on
01-17-2013
The
business was initiated in 1985.
Business:
From humble beginnings,
the Buffalo David Bitton brand has always been a family affair. Founded in
Montreal more than 20 years ago, the Buffalo brand is a leader in the denim
industry.
By offering multiple denim styles and a full fashion collection, Buffalo’s
clothing and accessories are made for fashion savvy men and women aged 18-34, who are fashion innovators seeking effortless style. The collections are as unique as the individuals that wear them.
Buffalo David Bitton is an iconic lifestyle brand that translates across international boundaries.
Through the years the brand has continued to evolve into the denim empire it is today, with stores spanning 18 countries and 3000 locations worldwide.
The Company sells also to Hudson Bay company, Bloomingdale’s, Macy’s, Dillard’s and Lord & Taylor.
Staff: 900+
Operations
& branches:
At the
headquarters, we find the corporate headquarters, on lease.
Shareholders:
1st
shareholder:
8383332
CANADA INC.
400 Rue Sauve Ouest, Montreal, Quebec H3L 1Z8
2nd shareholder:
8383286
CANADA INC.
400 Rue Sauve Ouest, Montreal, Quebec H3L 1Z8
Management:
Gilbert BITTON, President, Director and CEO.
Other Directors include Charles BITTON and David BITTON
Gabriel BITTON is Secretary
Michel BITTON is Treasurer
Subsidiaries
And 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 but deferred any
financials.
We sent a
fax but no answer received.
However,
sales estimate for year 2013 is in the range of CAD 230,000,000=
(CAD
220,000,000 in 2011)
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:
Several
Haut du formulaire
Trade
references:
Date
reported: March 2014
High credit: CAD 50,000+
Now owing: 0
Past due: 0
Last
purchase : February 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: March 2014
High
credit: CAD 1,500,000+
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of business: Payroll
Paying
status: As agreed
Domestic
credit history:
National
Credit Bureaus gave a satisfying credit rating.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains a strong 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 02-15-2013.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
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|
1 |
Rs.101.45 |
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Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.