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Report No. : |
334580 |
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Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
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Name : |
KOUPER-FKS INDUSTRIES INC. |
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Registered Office : |
150 Boulevard Marcel-Laurin, Montreal, Quebec H4P 2J5 |
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Country : |
Canada |
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Date of Incorporation : |
1971 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is an apparel manufacturing company that specializes in
volume-based private label programs. |
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No. of Employees : |
10 + Part Time |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, and electric power, and
a top source of US uranium imports. 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 early intervention by the Bank
of Canada and the financial sector's tradition of conservative lending
practices and strong capitalization. Canada achieved marginal growth in 2010-14
and plans to balance the budget by 2015 despite the recent drop in oil prices.
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 and is the world’s fifth-largest oil producer.
|
Source
: CIA |
Company name: KOUPER-FKS INDUSTRIES INC. (in English)
INDUSTRIES
KOUPER-FKS INC. (in French)
Address: 150 Boulevard Marcel-Laurin,
Montreal, Quebec H4P 2J5 – Canada
Telephone: +1
514-383-9090
Fax: +1 514-383-6289
Website: www.kouperfks.com
Corporate ID#: 3263100
State: Federal
Judicial form: Corporation – Profit
Date incorporated: 05-27-1996
Date founded: 1971
Stock: -
Value: -
Name of manager: Gina
KOURI
History:
On May 2, 2011, name
changed from FOR KIDS SAKE FASHIONS INC. (in English)
LES MODES FOR KIDS SALE
LTEE (in French).
Business:
Kouper FKS Industries is an apparel manufacturing company that
specializes in volume-based private label programs.
The Company is working with production facilities in Canada, China,
India and Bangladesh.
Sells to major department stores including Walmart, Kmart, Saks Fifth
Avenue,
Macy’s, Mexx…
Foreign suppliers include:
ESS ENN EXPORTS
131, ASHER NAGAR, 1ST STREET, TIRUPUR 641 603 INDIA
Staff: 10 + part time
Operations & branches:
At the headquarters, we
find the corporate office and warehouse, on lease.
Shareholders:
1st shareholder:
Gina KOURI
2nd shareholder:
Rodney KOURI
3rd shareholder:
Sam SHAPIRO
Management:
Gina KOURI, President
Sam SHAPIRO, Secretary
Rodnet KOURI? tREASURER
As far as we know, they are not involved in other local corporations.
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 at this time.
However, sales estimate for
year 2014 is in the range of CAD 2,500,000=
The business is said to be
profitable.
Banks: HSBC
5100 Sherbrooke East, Suite 100, Montreal, Quebec H1V 3R9
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 2015
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of business: Office supply
Paying status: On terms
Date reported: July 2015
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of business: Payroll
Paying status: As agreed
Date reported: July 2015
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: June 2015
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 correct credit rating.
According to our credit analysts, during the last 6 months, payments are
made on terms.
International credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
07-15-2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
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|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
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.