MIRA INFORM REPORT

Report No. :	491743
Report Date :	16.02.2018

IDENTIFICATION DETAILS

Name :	COMPAGNIE NO EXCESS INC.
Registered Office :	200-9500 Rue Meilleur Montréal (Québec) H2N2B7
Country :	Canada
Date of Incorporation :	10.01.1995
Legal Form :	Joint stock company or company
Line of Business :	· Subject is dedicated to the wholesale of imported clothing for men. · The company offers Jeans, Pants, Shorts, Tees, Polos, Shirts, Sweaters, Jackets and Coats.
No. of Employees :	40

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow and Delayed
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

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

CANADA - ECONOMIC OVERVIEW

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. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.

The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.

Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.

Source : CIA

STATUTORY INFORMATION
Legal Name:	COMPAGNIE NO EXCESS INC.
Trade Names:	COMPAGNIE NO EXCESS INC. Aubaines Lee
ID:	1141887100
Date Created:	1995
Date Incorporated:	1995-01-10
Legal Address:	200-9500 rue Meilleur Montréal (Québec) H2N2B7 Canada
Operative Address:	200-9500 rue Meilleur Montréal (Québec) H2N2B7 Canada
Telephone:	(514) 385-0636
Fax:	(514) 385-1959
Legal Form:	Joint stock company or company
Email:	-
Registered in:	CANADA
Website:	The company does not have a website.
Contact:	GEORGE BATCHOUN - President
Staff:	40
Activity:	NAICS 1: Men's and Boys' Clothing and Furnishings Merchant Wholesalers SIC 1: Sportswear, Men's And Boys'
Banks The company does not disclose its banking details.
History The company was founded in 1995.
PRINCIPAL ACTIVITY
Compagnie No Excess Inc. is dedicated to the wholesale of imported clothing for men.
Products/Services description:	The company offers Jeans, Pants, Shorts, Tees, Polos, Shirts, Sweaters, Jackets and Coats.
Brands:	NO EXCESS
Sales are:	Wholesale
Clients:	Comercializadora 1888 S.A. De C.V. Comercializadora Goodman, S.A. De C.V. Tiendas Soriana S.A. De C.V.
Suppliers:	Sree Raghav Garments Essedi Spa China-Base Ningbo Foreign Trade Co., Ltd. Shaoxing Senhong Textile & Garments
Operations area:	National and International
The company imports from	INDIA CHINA
The company exports to	MEXICO
The subject employs	40 employees
Payments:	Slow and Delayed
LOCATION
Headquarters :	200-9500 rue Meilleur Montréal (Québec) H2N2B7 Canada
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. The major holder is: 4392256 CANADA INC. 200-9500 rue Meilleur Montréal (Québec) H2N2B7 Canada
Management:	GEORGE BATCHOUN – President JENNI FERNANDEZ – Chief Operating Officer
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	8.000.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No records found.
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	OFFSET Clothing for men, women and children, namely, suits, snowsuits, shirts, sweaters, jackets, coats, bathing suits, shorts,… Owned by: COMPAGNIE NO EXCESS INC. Serial Number: 85371410 NOIZE clothing for men, women and children, namely, suits, snowsuits, shirts, sweaters, jackets, coats, bathing suits, shorts,… Owned by: COMPAGNIE NO EXCESS INC. Serial Number: 85783235 TXT CARBON clothing, namely, pants, sweaters, shorts, t-shirts, shirts, tank tops, swimwear, vests, jackets and coats Owned by: COMPAGNIE NO EXCESS INC. Serial Number: 87132929
RENEWAL HISTORY	Type of document Date of filing 2016 ANNUAL UPDATE DECLARATION 2017-01-30 2015 ANNUAL UPDATE STATEMENT 2016-03-14 Current Update Statement 2015-11-14 2014 ANNUAL UPDATE STATEMENT 2015-02-09 2013 ANNUAL UPDATE STATEMENT 2014-02-09 ANNUAL UPDATE STATEMENT 2012 2013-02-17 2011 ANNUAL UPDATE STATEMENT 2012-02-07 Annual Return 2010 2011-03-04 Annual Return 2009 2010-02-09 Annual Return 2008 2009-05-22 Annual Return 2007 2008-03-03 Amending Declaration 2007-03-21 Annual Return 2006 2007-03-06 Amending Declaration 2006-03-31 Annual Return 2005 2006-01-18
SUMMARY
Founded in 1995, Compagnie No Excess Inc is a small organization in the men's and boy's clothing company’s industry located in Montréal, Canada. It has approximately 40 full-time employees and generates an estimated $8.1 million in annual revenue. The company operates nationally and internationally, mainly importing from India and China. It is ACTIVE in business with medium credit risk.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Slow and Delayed
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Maurice
POSITION	Sales
COMMENTS	He 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 President.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.92
UK Pound	1	INR 89.55
Euro	1	INR 79.68
CAD	1	INR 51.24

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.