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MIRA INFORM REPORT
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Report No. : |
488754 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TRIPLE 5 INC. |
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Registered Office : |
805-555 Rue Chabanel O, Montréal (Québec)
H2N2H8 |
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Country : |
Canada |
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Date of Incorporation : |
03.10.1983 |
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Legal Form : |
Société Par Actions Ou Compagnie |
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Line of Business : |
The company operates as a distributor and
importer of men’s, women’s and children’s clothing, fashion accessories and homes
decor products. |
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No. of Employees : |
20 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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
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.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
TRIPLE 5 INC. |
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Trade Name: |
TRIPLE 5 (MARQUE DE COMMERCE) |
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Corporation Number: |
157639-9 |
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Business Number (BN): |
105398986RC0001 |
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ID QUEBEC: |
1143205228 |
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Date Created: |
1983 |
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Date Incorporated: |
1983-10-03 |
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Legal Address: |
805-555 Rue
Chabanel O |
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Operative Address: |
555 Chabanel
Ouest, Suite 805 |
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Telephone: |
1 514 382 3555 |
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Fax: |
1 514 382 3555 |
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Legal Form: |
Société Par Actions Ou Compagnie |
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Email: |
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Registered in: |
QUEBEC |
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Website: |
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Contact: |
Vipan Soni, President & Board Member |
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Staff: |
20 |
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Activity: |
NAICS 1: Women's, Children's, and Infants' Clothing
and Accessories Merchant Wholesalers SIC 1: Women's And Children's Clothing |
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Banks: |
Royal Bank of Canada |
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The company does not make its banking
details public |
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History
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Triple 5 was founded in 1983 in Montreal. |
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Corporate
History |
PRINCIPAL ACTIVITY
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The company operates as a distributor and importer
of men’s, women’s and children’s clothing, fashion accessories and homes
decor products. |
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Products/Services description: |
Women's, Children's, and Infants' Clothing
and Accessories |
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Brands: |
Coupé
Collection |
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Sales are: |
Wholesale |
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Clients: |
General Clientele |
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Suppliers: |
Aerospace
Communications Holding Group Co Ltd |
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Operations area: |
National |
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The company imports from |
Asia |
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The subject employs |
20 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
555 Chabanel Ouest, Suite 805 |
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Comments: |
100,000 square feet |
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Branches: |
2200-1010 rue Sherbrooke O Montréal (Québec) H3A2R7 Canada |
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Related Companies: |
New York, NY |
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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: |
This is a
private company. Major holder is: |
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Management: |
Vipan Soni, President & Board Member |
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FINANCIAL INFORMATION
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This is a private
company which does not make financial statments public. The following
information has been provided by outside sources: |
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USD 2016 |
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Revenue |
3 205 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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1. Personne salariée et Triple 5 inc, 2013
CanLII 78119 (QC CES) —
2013-10-04 Commission de l'équité salariale — Quebec catégories d emplois à prédominance —
démarche d équité salariale — emplois à prédominance féminine — entreprise — emplois
à prédominance masculine 2. Triple 5 inc. c. Flyers Group PLC, 2014
QCCS 2052 (CanLII) —
2014-05-09 Superior Court — Quebec pneumatiques — post-contractual — saving —
disputes — recourse 3. Flyers Group, p.l.c. c. Triple 5 inc., 2014
QCCS 6539 (CanLII) —
2014-11-21 Superior Court — Quebec motion in revocation — dismisses — surprise
— fraud — prevented 4. Flyers Group PLC c. Triple 5 inc., 2014
QCCS 6479 (CanLII) —
2014-12-22 Superior Court — Quebec honoraire additionnel — homologation —
mémoire — contradictoirement — réclamé 5. Triple 5 inc. c. Flyers Group PLC, 2015
QCCA 535 (CanLII) —
2015-03-23 Court of Appeal — Quebec preuve nouvelle — rejet — anglais — dépens
— reconnaissance 6. Triple 5 Inc. c. Véri-chèque Ltée, 2005
CanLII 6949 (QC CQ) —
2005-02-25 Court of Quebec — Quebec crédit — aging — credit — invoice — contrat 7. Score Retail Nederland B.V. v Triple 5
Inc., 2015 TMOB 143 (CanLII) —
2015-08-13 Trade-marks Opposition Board — Canada
(Federal) trade-mark — www chasin com — products —
ground of opposition — retail 8. Triple D Land & Cattle Inc. v. Dyrda et
al., 2010 MBCA 5 (CanLII) —
2010-01-18 Court of Appeal — Manitoba farmland — possession of the land — leave —
commence — relief cited by 2 documents |
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Filings: |
Type de document Date de dépôt au registre DÉCLARATION DE MISE À JOUR ANNUELLE 2016 2016-11-08 DÉCLARATION DE MISE À JOUR ANNUELLE 2015 2015-11-03 Déclaration de mise à jour courante 2015-08-05 |
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SUMMARY
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Triple 5 Inc. is a private organization
incroporated in 1990. With 20 employees and $3.2M in annual revenue,
the company is much larger than and generates much more revenue than the
average women's and children's clothing company. It mainly imports from Asia and operates
nationally with additional locations worldwide. The company is active in business with fair
revenue and no negative. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
Secretary |
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COMMENTS |
The person contacted confirmed name,
address, experience and ownership. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.75 |
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1 |
INR 89.39 |
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Euro |
1 |
INR 78.75 |
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CAD |
1 |
INR 51.69 |
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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VIV |
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Report Prepared
by : |
TPT |
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
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
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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.