|
|
|
MIRA INFORM REPORT
|
Report No. : |
484600 |
|
Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
DANICA IMPORTS LTD |
|
|
|
|
Registered Office : |
4213 Main St , Vancouver , British Columbia BC, V5V 3P8 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
1964 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in Wholesale distribution of home furnishings and
housewares. |
|
|
|
|
No. of Employees : |
51 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRAs Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 worlds 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 worlds 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 Canadas 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: |
Danica Imports Ltd |
|
Trade Names: |
Danica Imports Ltd nowdesigns |
|
ID: |
BC3378946204 |
|
Date Created: |
1964 |
|
Date Incorporated: |
1964 |
|
Legal Address: |
4213 Main St Vancouver British Columbia BC V5V 3P8 |
|
Operative Address: |
1915 Stainsbury Ave Vancouver, V5N 2M6 Canada |
|
Telephone: |
+1 604 255 6150 |
|
Fax: |
+1 604 255 6120 |
|
Legal Form: |
LIMITED COMPANY |
|
Email: |
info@danicaimports.com |
|
Registered in: |
CANADA |
|
Website: |
www.danicaimports.com |
|
Contact: |
Rodney Benson - President & Board Member |
|
Staff: |
51 |
|
Activity: |
NAICS 1: Home Furnishing Merchant Wholesalers SIC 1: Kitchen Tools And Utensils, Nec |
|
|
|
|
Banks: |
The company does not make its banking data public. |
|
|
|
|
History: |
In 1964 Danica Imports started bringing in elegant European
kitchenware to the North American market. Now Designs began in 1967 in San Francisco,
manufacturing sophisticated kitchen textiles and linens. In 1984 Rodney
Benson and Jeremy Braude purchased Danica, and in 2004 acquired Now Designs,
creating a single home dιcor design company. |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
The Company's line of business includes the wholesale distribution of
home furnishings and housewares. |
|
Products/Services description: |
The company offers Tableware And Kitchenware, Tablecloths And
Serviettes, Floor Coverings, Carpets, Womens/Girls Coveralls, Smocks And
Garments, Table Linen (Woven Cotton), Cotton Terry Towels And Household
Linen Of Cotton Terry Fabrics, Toilet And Kitchen Linen, Curtains (Incl
Drapes), Interior Blinds And Bed Valances, Home Furnishing Articles,
Industrial Shop Towels (Floor/Dish Cloths, Dusters And Cleaning Cloths),
Toilet And Other Household Articles, Tableware, Kitchenware, Toilet And
Household Articles, Quilts, Bedspreads. Cushions And Pillows. |
|
Brands: |
nowdesigns |
|
Sales are: |
Wholesale |
|
Clients: |
Imagina Tu Mesa, S.A De C.V Ew Sinton Ltd |
|
Suppliers: |
Ishwar Textiles Private Limited Ishwar Exports Texworth Kocaer Tekstil San.Ve Ticaret.A.S. Hangzhou Comfort&Health Homeware Co., Limited |
|
Operations area: |
National and International |
|
The company imports from |
INDIA TURKEY CHINA |
|
The company exports to |
MEXICO NEW ZEALAND |
|
The subject employs |
51 employees |
|
Payments: |
No Complaints |
|
|
|
LOCATION
|
|
|
Headquarters : |
1915 Stainsbury Ave Vancouver, V5N 2M6 Canada |
|
Comments on Address: |
- |
|
Branches: |
Danica Imports Ltd 55 West Beaver Creek Rd Richmond Hill, ON, L4B 1K5 Canada Danica Imports Ltd 11300 Twigg Pl Suite 120 Richmond, BC, V6V 3C1 Canada |
|
Related Companies: |
Danica Imports 2150 Peace Portal Way Blaine WA 98230 United States |
|
|
|
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
This is a private company. The major holders are: Rodney Benson Jeremy Braude |
|
Management: |
Rodney Benson - President & Board Member Jeremy Braude Co-Founder Sushil Arora - Operational Vice President Kerry Benson Non-house brand manager Jacqueline Gomez Accounts Receivable Giedre Sopyte - International & Online Sales Coordinator Margaret Szegvary Sales Manager, Canadian Key Accounts and
Destination Markets Gary Benson - Vice President Operations & Human Resources Mandy Munjal Accounts Payable Chris Jawanda Canadian Sales Manager |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its financial
statements public. The following information has been provided by private
sources: |
|
|
|
|
USD 2016 |
|
|
Revenue |
5.200.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
PATENTS |
No found. |
|
|
|
|
GOVERNMENT CONTRACTS |
No records found. |
|
|
|
|
CASES |
1. Danica Imports Ltd v Danica International Inc, 1994 CanLII 10152 (CA
TMOB) 1994-09-30 Trade-marks Opposition Board Canada (Federal) opponent opposition mark marks wares 2. Danica Imports Ltd. v. Stor-Tex Imports Ltd., 2000 CanLII 16542 (FC) 2000-11-10 Federal Court Canada (Federal) prothonotary non-case managing conference motions proceeding |
|
|
|
|
TRADEMARKS |
ONE LESS Textile shopping bags Owned by: Danica Imports Ltd Serial Number: 77185566 ULTIMITT Oven mitts Owned by: Danica Imports Ltd Serial Number: 77665756 I AM NOT A CHEF I DID NOT ATTEND LE CORDON BLEU I DON'T WEAR A PUFFY
HAT I COOK FOR MY FAMILY, MY FRIENDS, MYSELF. I AM NOT A CHEF I AM A COOK Kitchen linens Owned by: Danica Imports Ltd Serial Number: 85240713 KITCHEN STYLE Kitchen linens Owned by: Danica Imports Ltd Serial Number: 85326537 |
|
|
|
|
RENEWAL HISTORY |
Vancouver City Business Licence 15-141478 Gone Out of Business Vancouver City Business Licence 15-151175 Issued 2015-12-31 Vancouver City Municipal city
licence 16-150667 Issued 2015-11-09 2016-12-31 Business licence for Wholesale Dealer . Vancouver City Municipal city
licence 17-149020 Issued 2016-11-16 2017-12-31 Business licence for Wholesale Dealer . |
|
|
|
|
UCC |
No records found. |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
|
|
|
SUMMARY
|
|
|
|
Founded in 1964, Danica Imports Ltd is a mid-sized organization in the
home furnishings companies industry located in Vancouver, Canada. It has approximately 51 full-time employees and generates an estimated
$5.1 million in annual revenue. The company operates nationally and internationally, mainly importing
from India, Turkey and China. It is ACTIVE in business with no negative
records. |
RISK
INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
INTERVIEW
|
|
|
NAME |
Lisa |
|
POSITION |
Operator |
|
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 President. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.34 |
|
|
1 |
INR 85.89 |
|
Euro |
1 |
INR 76.15 |
|
CAD |
1 |
INR 51.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
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
SCs 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.