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Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
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Name : |
THRIFTYS INC. (2005) |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.10.2004 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Retail children clothing and specially denim jeans |
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No. of Employees |
1,000 |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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 |
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: THRIFTYS INC. (2005)
Address: 50 Dufflaw Road, Toronto, Ontario M6A 2W1 - Canada
Telephone: +1 416-789-1071
Fax: +1 416-789-1576
Website: www.blnts.com
Corporate ID#: 6295215
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: October 8, 2004
Stock: -
Value: -
Name of
manager: Michael GOLDGRUB
Business:
Retail children clothing and specially denim jeans.
Suppliers include:
ON RIGHT TRADING LIMITED
UNIT 1-3, 8/FL., STAR CENTER, 443-451 CASTLE PEAK ROAD, KWAI CHUN HONG KONG
QINGDAO MACHWELL APPAREL
CO., LTD
27 WUSHIZHI ROAD QINGDAO CHINA 266100 QINGDAO CHINA
Staff: 1,000+
Operations & branches:
At the
headquarters, we find a large showroom, warehouse and office for the group of
companies.
The Company
maintains 137 stores in Canada under the banner BLUENOTES.
Shareholders:
COSTA-NOVA FASHIONS LIMITED
50 Dufflaw Road, Toronto, Ontario M6A 2W1
ISAAC BENNETT SALES AGENCY INC.
111 Orfus Road, Toronto, Ontario M6A 1M4
COSTA-NOVA FASHIONS LIMITED
IN TRUST FOR ERIC GRUNDY SALES AGENCY INC.
50 Dufflaw Road, Toronto, Ontario M6A 2W1
Management:
Michael GOLDRUB is the President.
He is also the President of
- SUZY’S INC.
- YM INC.
- SUZY SHIER (CANADA) LIMITED
- SIBLINGS INC.
and others.
Morley BELLOR is the Manager.
Brooke MILLER is Secretary.
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 a
fax but no answer received.
However, sales
estimate for fiscal year ending October 2013 is in the range of CAD
100,000,000=
The
business is said to be profitable.
Banks: Royal Bank of Canada
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: August 2014
High
credit: USD 38,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of business: Office supply
Paying
status: On terms
Date
reported: August 2014
High
credit: USD 38,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: August 2014
High
credit: USD 38,000
Now owing: 0
Past due: 0
Last
purchase: July 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 its 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 07-28-2014.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.45 |
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1 |
Rs.99.46 |
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Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
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Analysis Done by
: |
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.