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MIRA INFORM REPORT
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Report No. : |
504570 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
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Name : |
BUFFALO INTERNATIONAL ULC |
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Registered Office : |
1000-250 ST 2nd Calgary Alberta T2P0C1 |
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Country : |
Canada |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
1985 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is designs and manufactures clothing
for women and men. |
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No. of Employees : |
100 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC
OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s vibrant transportation, business, and financial services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth from 2012-2017 was slower than during the previous decade, a result of slowing structural growth - as Singapore reached high-income levels - and soft global demand for exports. Growth recovered to 3.6% in 2017 with a strengthening global economy.
The government is attempting to restructure Singapore’s economy to reduce its dependence on foreign labor, raise productivity growth, and increase wages amid slowing labor force growth and an aging population. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a signatory of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and a party to the Regional Comprehensive Economic Partnership (RCEP) negotiations with nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
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Source
: CIA |
STATUTORY
INFORMATION
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Order: |
global brand group (Buffalo David Bitton is a member of
Global Brands Group). |
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Address in the order: |
400 Sauvé Ouest Montréal, Québec Canada
H3L 1Z8 |
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Legal Name: |
Buffalo International ULC |
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Trade
Names: |
Buffalo David Bitton |
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ID: |
1167922914 |
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Date Created: |
1985 |
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Date Incorporated: |
2012-02-20 |
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Legal Address: |
1000-250 ST 2nd Calgary Alberta T2P0C1 Canada |
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Operative Address: |
400 rue Sauvé Ouest Montréal (Québec) H3L1Z8 Canada |
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Telephone: |
1-888-883-8710 514-388-3551 |
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Fax: |
514-388-1972 |
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Legal Form: |
Joint stock company or company |
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Email: |
service@buffalojeans.com |
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Registered in: |
CANADA |
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Website: |
https://www.buffalojeans.ca/en/ |
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Contact: |
Gabriel Bitton – President and Chief
Executive Officer |
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Staff: |
100 |
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Activity: |
SIC Code
5136, Men's and Boys' Clothing and Furnishings NAICS Code 424320, Men's and Boys' Clothing and
Furnishings Merchant Wholesalers |
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Banks: |
The company does not disclose its
banking details. |
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History: |
Buffalo International, Inc. was founded
in 1985 and is based in Montreal, Canada. In 2012, the company merged with
SLIDE HOLDINGS INC., 3559513 CANADA INC., 4183517 CANADA INC., SANDENAT
HOLDINGS INC., 3559505 CANADA INC., 3559521 CANADA INC., 3915018 CANADA INC.,
BUFFALO INTERNATIONAL INC., PLACEMENTS BITTON INC., BUFFALO INC., ALDAX
HOLDINGS INC., and 6144195 Canada Inc. It has a strategic alliance with Sears
Canada Inc. |
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Parent Company: |
The major holders of this company are: 400 rue Sauvé O Montréal (Québec) H3L1Z8
Canada 8383286 Canada Inc. 400 rue Sauvé O Montréal (Québec) H3L1Z8
Canada |
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Key Developments: |
Global Brands announces 10-year
agreement for Buffalo Brands September 23, 2015 Global Brands Group Holdings Limited
announced Wednesday the signing of a long-term licensing agreement with
Iconix Brand Group and Buffalo International for the Buffalo David Bitton
brand and i Jeans by Buffalo. |
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PRINCIPAL
ACTIVITY
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Buffalo International ULC designs and
manufactures clothing for women and men. |
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Products/Services description: |
It offers belts, shoes, lingerie and
sleepwear, kids wear, watches, and home décor products, as well as
sunglasses, swimwear, and fragrances. The company also operates retail
stores. It distributes products through retailers. |
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Brands: |
Buffalo David Bitton i Jeans by Buffalo |
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Sales are: |
Wholesale |
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Clients: |
Trends Hub Limited Partnership |
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Suppliers: |
Shandong Yongfeng Tyres Co.,Ltd Ningbo Haikai International Trade,
Ningbo, Zhejiang, China Angel Garment Ltd. S V Knit Fashion |
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Operations area: |
National and International |
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The company imports
from |
CHINA INDIA |
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The company exports to |
TAHILAND |
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The subject employs |
100 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
400 rue Sauvé Ouest Montréal (Québec) H3L1Z8 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The major holders of this company are: 400 rue Sauvé O Montréal (Québec) H3L1Z8
Canada 8383286 Canada Inc. 400 rue Sauvé O Montréal (Québec) H3L1Z8
Canada |
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Management: |
Gabriel Bitton – President and Chief
Executive Officer David Bitton – Co-Founder Michel Bitton – Treasurer and Co-Founder Charles Bitton – Co-Founder Mr. Gilbert Bitton - Co-Founder |
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FINANCIAL
INFORMATION
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The company
does not make its financial statements public. The following information has
been provided by private sources: |
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USD 2016 |
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Sales |
11.180.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Personne salariée et Buffalo
International inc., 2012 CanLII 66697 (QC CES) — 2012-08-28 Commission de l'équité salariale —
Québec programme d équité salariale applicable
— affichage — employeur dont l entreprise compte — personnes salariées —
plainte Deepak Kapoor & Company et al v.
Buffalo International ULC et al Plaintiff: Deepak Kapoor & Company
and DKC Knits LLC Defendant: Buffalo International ULC and
J.C. Penney Company, Inc. Case Number: 5:2016cv00419 Filed: April 12, 2016 Court: New York Northern District Court Office: Syracuse Office County: Onondaga Referring Judge: Andrew T. Baxter Presiding Judge: Glenn T. Suddaby Nature of Suit: Copyrights Cause of Action: 17:101 Jury Demanded By: Plaintiff RevoLaze LLC v. Buffalo International
ULC et al Plaintiff: RevoLaze LLC Defendant: 1724982 Alberta ULC and
Buffalo International ULC Case Number: 1:2014cv01803 Filed: August 15, 2014 Court: Ohio Northern District Court Office: Cleveland Office County: Cuyahoga Presiding Judge: Patricia A. Gaughan Nature of Suit: Patent Cause of Action: 15:1126 Jury Demanded By: Plaintiff |
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TRADEMARKS |
LA BITTON Automobiles, sport utility vehicles,
their structural parts and accessories Owned by: Buffalo International ULC Serial Number: 87515522 |
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RENEWAL HISTORY |
Type of document dates from the depot au
régistre Declaration of updates annuellis 2016
2017-03-02 Declaration of updates annuellis 2015
2016-07-05 Déclaration de mise à jour de correction
2015-11-04 Déclaration de mise à jour courante
2015-07-16 Declaration of updates annuellis 2014
2015-04-28 Declaration of updates annuellis 2013
2014-07-14 Déclaration de mise à jour de fusion
courante 2013-02-15 Déclaration de mise à jour courante
2013-02-08 Déclaration de mise à jour de correction
2012-07-13 Déclaration d'immatriculation 2012-02-20 |
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UCC |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC
list. |
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SUMMARY
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Founded in 1985, Buffalo International
ULC is an organization in the Men's and Boys' Clothing and Furnishings Merchant
Wholesalers Industry headquartered in Quebec, Canada. The company has 100 regular employees
and generates an estimated $11.1 million USD in annual revenue. The company operates nationally and
internationally, mainly importing from India and China. It is ACTIVE in
business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Marie |
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POSITION |
Operator |
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COMMENTS |
She confirmed the name of the company,
the address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.78 |
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1 |
INR 93.42 |
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Euro |
1 |
INR 81.39 |
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CAD |
1 |
INR 52.09 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.