|
Report No. : |
344918 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
WINNERS MERCHANTS INTERNATIONAL L.P. |
|
|
|
|
Registered Office : |
6715 Airport Road,
Mississauga, Ontario L4V 1R9 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
23.07.2007 |
|
|
|
|
Legal Form : |
Corporation - Profit |
|
|
|
|
Line of Business : |
Subject is offering off-price brand name and designer family apparel, accessories,
including fine jewelry, home fashions and giftware. |
|
|
|
|
No. of Employee : |
6,500+ |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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) |
|
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 |
WINNERS MERCHANTS
INTERNATIONAL L.P.
6715 Airport Road,
Mississauga, Ontario L4V 1R9, Canada
Telephone: +1
905-405-8000
Fax: +1 905-405-1848
Website: www.winners.ca
Corporate ID#: PE-0000138320
State: Prince Edward Island
Judicial form: Corporation - Profit
Date founded: 07-23-2007
Stock: -
Value: -
Michael McMILLAN
History:
Business started in 1982.
WINNERS MERCHANT
INTERNATIONAL L.P. was incorporated on July 30, 2002 under Prince Edward Island
ID# PE-0000132647, expired on July 30, 2007.
A new WINNERS MERCHANT INTERNATIONAL L.P. was incorporated under ID#
PE-0000138320.
Business:
Winners is the leading off-price retailer in Canada, offering off-price
brand name and designer family apparel, accessories, including fine jewelry,
home fashions and giftware.
Winners operates HomeSense, the Canadian off-price home fashions chain,
launched in fiscal 2001. Like HomeGoods chain, HomeSense offers a wide and
rapidly changing assortment of off-price home fashions including giftware, home
basics, accent furniture, lamps, rugs, accessories and seasonal merchandise.
At fiscal year ending January 2015, the Company operated 234 Winners
stores, which averaged approximately 29,000 square feet and 96 HomeSense
stores, which averaged approximately 24,000 square feet.
The Company brought Marshalls to Canada in fiscal 2012 and operates 38
Marshalls stores in Canada.
In fiscal 2016, the Company plans a net increase of 20 stores in Canada.
Staff: 6,500+
Operations & branches:
At the headquarters, we
find the corporate office and distribution center.
The Company maintains
several branches in Canada including:
HOMESENSE
3185 American Drive
Mississauga, Ontario L4V
1B5
Shareholders:
The TJX COMPANIES, INC.
770 Cochituate Road
Framingham, Massachusetts 01701
Ph: +1 508-390-1000
(listed with the NYSE under symbol TJX)
Management:
Robert CATALDO is the
President and CEO.
Jens CEMARK is the CFO
Subsidiaries &Partnership: None
Sales declared for fiscal
year ending January 2015 is USD 2,883,900,000= verse USD 2,877,800,000= in 2014
and USD 2,925,991,000= in 2013
Banks: Royal Bank of Canada
HSBC
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary: None
According to our credit analysts, during the last 6 months, payments
were currently made on terms.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
ASH |
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.