|
|
|
MIRA INFORM REPORT
|
Report No. : |
486223 |
|
Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROADRUNNER APPAREL INC |
|
|
|
|
Registered Office : |
55 Metcalfe Street, Suite 750 Ottawa
(Ontario) K1P6L5, |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
1982 |
|
|
|
|
Legal Form : |
Joint stock company or company |
|
|
|
|
Line of Business : |
The Company's line of business includes the wholesale distribution
of women's, children's, and infants' clothing and accessories. |
|
|
|
|
No. of Employees : |
26 |
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 : |
No Complaints |
|
|
|
|
Litigation : |
-- |
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: |
ROADRUNNER APPAREL INC |
|
Trade
Names: |
ROADRUNNER APPAREL INC |
|
ID: |
1142492116 |
|
Date Created: |
1982 |
|
Date Incorporated: |
1995-02-10 |
|
Legal Address: |
55 METCALFE STREET, SUITE 750 OTTAWA (ONTARIO) K1P6L5, Canada |
|
Operative Address: |
2005 23e Avenue Montréal (Québec) H8T1X1 Canada |
|
Telephone: |
(514) 631-2275 |
|
Fax: |
(514) 631-2400 |
|
Legal Form: |
Joint stock company or company |
|
Email: |
- |
|
Registered in: |
CANADA |
|
Website: |
The company does not have a website. |
|
Contact: |
BERCOVITCH, SHELDON – President |
|
Staff: |
26 |
|
Activity: |
NAICS 1: Women's, Children's, and
Infants' Clothing and Accessories Merchant Wholesalers SIC 1: Women's And Children's Clothing |
|
|
|
|
Banks: |
The company does not disclose its
banking details. |
|
|
|
|
History: |
The company was founded in 1982. |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
The Company's line of business includes the
wholesale distribution of women's, children's, and infants' clothing and
accessories. |
|
|
Products/Services description: |
The company offers Women’s/Girls
Trousers, Overalls, Shorts, Dresses, Skirts, Divided Skirts, Blouses, Shirts
And Shirt-Blouses, Mens/Boys Trousers, Overalls And Shorts. |
|
Brands: |
ROADRUNNER APPAREL |
|
Sales are: |
Wholesale |
|
Clients: |
Importadora Primex, S.A. De C.V. |
|
Suppliers: |
Oceanside Hardwares Co.,Ltd Rajby Industries Afco Abedin Garments Ltd |
|
Operations area: |
National and International |
|
The company imports from |
CHINA PAKISTAN BANGLADESH |
|
The company exports to |
MEXICO |
|
The subject employs |
26 employees |
|
Payments: |
No Complaints |
|
|
|
LOCATION
|
|
|
Headquarters : |
2005 23e Avenue Montréal (Québec) H8T1X1 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 joint venture. The major
holders are:
2005 23e Avenue Montréal (Québec) H8T1X1
Canada HOLDING NOVINSKY INC. 2005 23e Avenue Montréal (Québec) H8T1X1
Canada |
|
Management: |
BERCOVITCH, SHELDON – President |
|
|
|
FINANCIAL
INFORMATION
|
|
|
The company
does not make its financial statements public. The following information has
been provided by private sources: |
|
|
|
|
|
USD 2016 |
|
|
Revenue |
4.200.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
PATENTS |
No found. |
|
|
|
|
GOVERNMENT CONTRACTS |
No records found. |
|
|
|
|
CASES |
1. Levi Strauss & Co. v. Roadrunner
Apparel Inc., 1998 CanLII 8029 (FC) —
1998-06-11 Federal Court — Canada (Federal) motion — confidentiality — cross-motion
— bundles — costs in the cause 2. Levi Strauss & Co. v. Roadrunner
Apparel Inc., 1997 CanLII 5596 (FCA) —
1997-10-27 Federal Court of Appeal — Canada
(Federal) abuse of process — double arcuate design
— rear pockets of jeans — trade-mark — acquiescence 3. Roadrunner Apparel Inc., et al. v.
Gendis Inc., et al., 2005 MBQB 279 (CanLII) —
2005-12-13 Court of Queen's Bench of Manitoba —
Manitoba confidential information — firm —
solicitor-client relationship — client — lawyer 4. Roadrunner Apparel Inc. et al. v. Gendis
Inc. et al., 2006 MBCA 137 (CanLII) —
2006-11-20 Court of Appeal — Manitoba confidential information — client — lawyer
— attributable to a solicitor-client relationship — impropriety 5. Roadrunner Apparel Inc. c. Majone
Garment Factory Ltd., 1993 CanLII 3935 (QC CA) — 1993-06-02 Court of Appeal — Quebec insuffisantes — pourvoi — saisie —
réquisition — cassé 6. Levi Strauss & Co. v. Roadrunner
Apparel Inc., 1999 CanLII 7977 (FC) —
1999-04-27 Federal Court — Canada (Federal) documents — stay — renditions of the
relevant designs — advice — jeans
|
|
|
|
|
TRADEMARKS |
Trademark applications by ROADRUNNER APPAREL
INC. ROADRUNNER APPAREL INC. is the Original
Applicant for the trademark WORLD WORKERS ™ (86574665) through the USPTO on
the 2015-03-24 men's, women's and children's clothing
and apparel, namely, jeans, shirts, skirts, jackets, pants, vests, shorts,
overalls, jumpers, sweaters, sweat shirts, t-shirts, tank tops, hats, socks,
scarves, tuques, gloves and mittens ROADRUNNER APPAREL INC. is the Original
Applicant for the trademark SUKO STYLE ™ (87029206) through the USPTO on the
2016-05-09 men's and women's clothing/apparel,
namely, jeans, shirts, skirts, jackets, pants, vests, shorts, overalls,
jumpers, sweaters, sweat shirts, t-shirts, tank tops, hats and dresses. ROADRUNNER APPAREL INC. is the Original
registrant for the trademark SWIMSAVER ™ (78869681) through the USPTO on the
2006-04-26 Swimwear URBAN STAR Clothing, namely, jeans [ shirts,
skirts, jackets, pants, vests, shorts, overalls, jumpers, sweaters, sweat
shirts, t-shirts… Owned by: ROADRUNNER APPAREL INC. Serial Number: 75843702 ORGANIC BLUE men's, women's and children's
clothing/apparel, namely, jeans, pants, all of the aforementioned made with
or substantially… Owned by: ROADRUNNER APPAREL INC. Serial Number: 77136653 MASON BY SUKO men's, women's and children's
clothing/apparel, namely, jeans, shirts, skirts, jackets, pants, vests,
shorts, overalls,… Owned by: ROADRUNNER APPAREL INC. Serial Number: 86024859 |
|
|
|
|
RENEWAL HISTORY |
Type of document Date of filing 2016 ANNUAL UPDATE DECLARATION
2017-06-22 2015 ANNUAL UPDATE STATEMENT 2016-06-07 2014 ANNUAL UPDATE DECLARATION
2015-05-13 2013 ANNUAL UPDATE STATEMENT 2014-02-24 2012 ANNUAL UPDATE STATEMENT 2013-06-14 2011 ANNUAL UPDATE STATEMENT 2012-04-11 Annual Return 2010-03-03 Statement and Information Return 2009
2010-05-21 Statement and Information Return 2008
2009-06-01 Amending Declaration 2008-11-10 Annual Return 2007 2008-04-29 |
|
|
|
|
UCC |
No records found. |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC
list. |
|
|
|
SUMMARY
|
|
|
Founded in 1982, Roadrunner Apparel Inc
is a small organization in the women's and children's clothing company’s
industry located in Lachine, Canada. It has approximately 26 full-time employees
and generates an estimated $4.1 million in annual revenue. The company operates nationally and
internationally, mainly importing from China, Pakistan and Bangladesh. It is ACTIVE in business with no negative
records. |
|
RISK
INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
INTERVIEW
|
|
|
NAME |
- |
|
POSITION |
- |
|
COMMENTS |
We called number (514) 631-2275 several
times and received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
|
CAD |
1 |
INR 51.51 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.