|
|
|
MIRA INFORM REPORT
|
Report No. : |
492248 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
IRWIN FASHION IMPORTS INC. |
|
|
|
|
Registered Office : |
525-4150 rue Sainte-Catherine O, Westmount (Québec)
H3Z2Y5 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
20.10.2011 |
|
|
|
|
Legal Form : |
Société Par Actions Ou Compagnie |
|
|
|
|
Line of Business : |
The company is dedicated to the commerce of textile items. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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: |
LES IMPORTATIONS DE MODES IRWIN INC. (FRENCH VERSION) IRWIN FASHION IMPORTS INC. |
|
Trade Name: |
IRWIN FASHION IMPORTS INC. |
|
ID: |
1167983767 |
|
Date Created: |
2011 |
|
Date Incorporated: |
2011-10-20 |
|
Legal Address: |
525-4150 Rue Sainte-Catherine O Westmount (Québec) H3Z2Y5 Canada |
|
Operative Address: |
2508 rue Lapierre Montréal (Québec) H8N2W9 Canada |
|
Telephone: |
(514) 213-4309 |
|
Fax: |
(514) 213-4309 |
|
Legal Form: |
Société Par Actions Ou Compagnie |
|
Email: |
NA |
|
Registered in: |
QUEBEC |
|
Website: |
www.irwinfashions.com (not working) |
|
Contact: |
Bercovitch Irwin, President |
|
Staff: |
2 |
|
Activity: |
NAICS 1: Women's Clothing Stores SIC 1: Women's Clothing Stores |
|
|
|
|
Banks: |
The company does not make its banking data public |
|
|
|
|
History: |
|
|
|
The company was founded in 2011 |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
The company is dedicated to the commerce of textile
items. |
|
Products/Services description: |
Textile Items Polyester Items |
|
Brands: |
THOMAS HILL LTD. COLLECTIONS MODA MANCINI VICTOR MAXWELL |
|
Sales are: |
Wholesale |
|
Clients: |
Textile industry |
|
Suppliers: |
Shaoxing Changsheng Textile Co Ltd China Neo Wonderway Inc. Taiwan |
|
Operations area: |
Canada and USA |
|
The company imports from |
Asia |
|
The subject employs |
2 employees |
|
Payments: |
Slow but correct |
|
|
|
LOCATION
|
|
|
Headquarters : |
2508 rue Lapierre Montréal (Québec) H8N2W9 Canada |
|
Comments on Address: |
NA |
|
Branches: |
No branches registered |
|
Related Companies: |
Irwin Fashion Imports, Inc. 225 W 35th St Ste 1101 New York, New York 10001-1904 United States |
|
|
141380 Canada Inc 5250 Rue Ferrier Bureau 422 Canada |
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
Bercovitch Irwin 810-7900 ch. de la Côte-Saint-Luc Côte-Saint-Luc
(Québec) H4W3G8 Canada |
|
Management: |
Bercovitch Irwin, President |
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its financial statements public. The
following information has been provided by private sources: |
|
|
|
|
USD 2016 |
|
|
Revenue |
200 000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
CASES |
No records found |
|
|
|
|
RENEWAL HISTORY |
DÉCLARATION DE MISE À JOUR ANNUELLE 2017 2017-11-07 DÉCLARATION DE MISE À JOUR ANNUELLE 2016 2016-12-01 Déclaration de mise à jour courante 2016-04-29 DÉCLARATION DE MISE À JOUR ANNUELLE 2015 2015-11-04 Status of Annual Filings 2018 - Not due 2017 - Filed 2016 - Filed |
|
|
|
SUMMARY
|
|
|
|
Founded in 2011,
Irwin Fashion Imports, Inc. is a small organization in the nondurable goods
companies industry located in QUEBEC. It has 2 full time employees
and generates an estimated $0.2 million in annual revenue. The company
operates in USA and Canada, importing mainly from Asia. It is ACTIVE in
QUEBEC; with low commercial profile and no negative records. |
|
|
|
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Slow but correct |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
NA |
|
POSITION |
NA |
|
COMMENTS |
We called the company several times but received no
response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.90 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
|
CAD |
1 |
INR 51.27 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.