|
Report No. : |
324736 |
|
Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
FDJ FRENCH DRESSING INC. |
|
|
|
|
Registered Office : |
225 Rue Chabanel Ouest, Ste 200, Montreal, Quebec H2N 2C9 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
1908 |
|
|
|
|
Legal Form : |
Federal Corporation – Profit |
|
|
|
|
Line of Business : |
Manufactures Denim Jeans For Women. |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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: FDJ FRENCH DRESSING INC.
Address: 225 Rue Chabanel Ouest, Ste 200,
Montreal, Quebec H2N 2C9
Telephone: +1
514-333-7171
Fax: +1 514-333-6336
Website: www.fdj.com
Corporate ID#: 6967183
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 04-30-2008
Date founded: 1908
Stock: -
Value: -
Name of manager: Noah
STERN
Business:
FDJ French Dressing Inc. manufactures denim jeans for women.
Its jeans and related products include jackets and tops, and bottoms.
The company offers its products through retail stores and online
retailers in North America.
The company was founded in 1908 and is based in Montreal, Canada.
FDJ French Dressing Inc. operates as a subsidiary of 4033060 Canada Inc.
The Company is using the following registered business names:
- FDJ FRENCH DRESSING™
- MODES A LA FRANCAISE
Foreign suppliers include:
LAFINA ENTERPRISES LIMITED
22 F., WEST TOWER, NEW STAR INT'L,, 6-20 JIN SUI ROAD,PEARL RIVER, NEW
CITY TIANHE.GUANGZHOU CHINA
Staff: 20
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
1st shareholder (+50%):
4033060 CANADA INC
225 Rue Chabanel Ouest, Ste 200, Montreal, Quebec H2N 2C9
2nd shareholder:
6736041 CANADA INC.
530 Avenue Grosvenor, Westmount, Quebec H3Y 2S4
3rd shareholder:
4422121 CANADA INC.
225 Rue Chabanel Ouest, Ste 200, Montreal, Quebec H2N 2C9
Management:
Noah STERN is the President, Director and CEO.
Ayal TWIK is Secretary and Treasurer.
As far as we know, they are involved in other corporations, including:
MODES CORWIK INC.
225 Rue Chabanel Ouest, Ste 200, Montreal, Quebec H2N 2C9
Incorporated in Quebec on
08-14-1978
ID# 1143983865
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
year 2014 is in the range of CAD 3,600,000=
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: April 2015
High credit: CAD 15,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Office supply
Paying status: On terms
Date reported: April
2015
High credit: CAD 35,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Payroll
Paying status: As agreed
Date reported: April 2015
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit risk.
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
April 8, 2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.71.82 |
|
Euro |
1 |
Rs.97.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.