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Report No. : |
323148 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
LAMMLE’S WESTERN WEAR LTD. |
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Registered Office : |
3700, 400 3rd Avenue SW, Calgary, Alberta T2P 4H2 |
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Country : |
Canada |
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Date of Incorporation : |
30.03.1983 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in sells boots, hats, accessories, kids, men’s and women’s wear, equine accessories |
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No of Employees : |
250 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 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. 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: LAMMLE’S WESTERN WEAR LTD.
Reg. office: 3700, 400 3rd Avenue SW,
Calgary, Alberta T2P 4H2 - Canada
Address: 12012 44th
Street SE, Calgary, Alberta T2Z 4A2 - Canada
Telephone: +1
403-255-0272
Fax: +1 403-252-3341
Website: www.lammles.com
Corporate ID#: AB-2017997574
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: February
1, 2014
Date founded: March 30, 1983
Stock: -
Value: -
Name of manager: Barry
LAMMLE
History:
LAMMLE’S WESTERN LTD,
incorporated in Akberta on March 30, 1983 under
ID# AB-0202989794, merged THE
BOUTIQUE OF LEATHER LTD. to create the new
LAMMLE’S WESTERN LTD., on February 1, 2014.
Business:
The Company sells boots, hats, accessories, kids, men’s and women’s
wear, equine accessories…
Doing business as: Lammle's Western Wear & Tack
On March 25, 2015, The Calgary Stampede has entered into an enhanced
multi-year merchandise partnership with Lammle’s Western Wear & Tack.
As of May 1, the local retailer will run all Calgary Stampede
merchandise operations including the year-round CS Store in the BMO Centre and
the Grandstand and Midway retail locations that operate during the annual
10-day Stampede in July.
No name of foreign suppliers available.
Staff: 250
Operations & branches:
At the headquarters, we
find a large store, warehouse and office.
The Company maintains 24
stores in Alberta, British Columbia and Saskatechwan.
Shareholders:
This is a family owned and
managed company.
Management:
Barry LAMMLE is the President and CEO.
As far as we know, he is 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.
However, sales estimate for
year 2014 is in the range of CAD 20,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.90 |
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|
1 |
Rs. 98.16 |
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Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
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 |
-- |
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.