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MIRA INFORM REPORT
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Report No. : |
507615 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GROUPE DYNAMITE INC. |
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Registered Office : |
5592 Rue Ferrier, Mont-Royal (Québec) H4P1M2 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Year of Establishment : |
1975 |
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Legal Form : |
Joint Stock Company or Company |
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Line of Business : |
· Subject designs, creates, markets, and distributes apparel for women. · Women's Clothing Stores. |
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No. of Employees : |
1,885 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
GROUPE DYNAMITE INC. |
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Trade Names: |
GROUPE DYNAMITE INC. |
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ID: |
1144770311 |
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Date Created: |
1975 |
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Date Incorporated: |
1993-08-01 |
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Legal Address: |
5592 rue Ferrier Mont-Royal (Québec) H4P1M2 Canada |
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Operative Address: |
5592 rue Ferrier Mont-Royal (Québec) H4P1M2 Canada |
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Telephone: |
514-733-3962 |
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Fax: |
514-733-3663 |
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Legal Form: |
Société par actions ou compagnie |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
www.groupedynamite.com |
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Contact: |
Andrew Lutfy – President |
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Staff: |
1,885 |
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Activity: |
SIC Code 5621, Women's Clothing Stores NAICS Code 448120, Women's Clothing Stores |
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Banks
The company does not disclose its banking
details. |
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History
Groupe Dynamite Inc. was founded in 1975 and is headquartered in Mont-
Royal, Canada. It merged with DYNACORP SPORTSWEAR INC. and SINDREW SPORTSWEAR
INC. in 1993. |
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Parent Company: |
The major holder of this company is: 3514625 CANADA INC. 5592 rue Ferrier Mont-Royal (Québec) H4P1M2 Canada |
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Key Developments: |
Groupe Dynamite Inc. Presents at NRF Protect 2017 Loss Prevention
Conference & EXPO, Jun-26-2017 Jun 26 17 Groupe Dynamite Inc. Presents at NRF Protect 2017 Loss Prevention
Conference & EXPO, Jun-26-2017 . Venue: Gaylord
National Harbor Hotel, Washington, United States. |
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PRINCIPAL
ACTIVITY
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Groupe Dynamite Inc. designs, creates, markets, and distributes
apparel for women. |
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Products/Services description: |
Its products category includes shirts, tops, tunics, sweaters, dresses,
rompers, skirts, shorts and capris, denim, pants, and accessories, as well as
jackets, blazers, and vests. |
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Brands: |
DYNAMITE GARAGE |
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Sales are: |
Wholesale and Retail |
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Clients: |
Jiaxing Angel Imp. Exp. Co.,Ltd. |
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Suppliers: |
Nanjing Foreign Trade Co., Ltd. Jiangsu Guotai International Group Shanghai Silk Group Co.,Ltd Global Fashion Garments Ltd. Apparel Plus Ltd That's It Sportswear Limited |
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Operations area: |
National and International |
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The company imports from |
CHINA BANGLADESH |
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The company exports to |
CHINA |
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The subject employs |
1,885 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
5592 rue Ferrier Mont-Royal (Québec) H4P1M2 Canada |
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Comments on Address: |
- |
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Branches: |
The company has several rbanches. Some of them are: 555 place Champêtre Bromont (Québec) J2L0A2 Canada DYNAMITE 4265 BOUL. Des Récollets Trois-Rivières Québec
G9A6M1 Canada GARAGE 3131 BOUL. de la Côte-Vertu Saint-Laurent Québec
H4R1Y8 Canada GARAGE 19001 CH. Notre-Dame Mirabel Québec J7J0T1 Canada |
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Related Companies: |
No related companies were found. |
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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: |
The major holder of this company is: 5592 rue Ferrier Mont-Royal (Québec) H4P1M2 Canada |
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Management: |
Andrew Lutfy – President Christian Roy – Vice President |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Revenue |
128.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
Conseil du Québec - Unite Here c. Groupe Dynamite inc., 2006 QCCRT 587
(CanLII) — 2006-11-29 Commission des relations du travail — Québec Conseil du Québec - Unite Here c. Groupe Dynamite inc., 2006 QCCRT 484
(CanLII) — 2006-10-05 Commission des relations du travail — Québec Groupe Dynamite inc. c. Conseil du Québec - Unite Here, 2006 QCCRT 588
(CanLII) — 2006-11-29 Commission des relations du travail — Québec Tremblay et Groupe Dynamite inc., 2018 QCTAT 1159 (CanLII) — 2018-03-01 Tribunal administratif du travail — Québec Groupe Dynamite inc. et Perreault, 2012 QCCLP 3774 (CanLII) — 2012-06-14 Commission des lésions professionnelles du Québec — Québec Groupe Dynamite inc. et Mark, 2015 QCCLP 6556 (CanLII) — 2015-12-05 Commission des lésions professionnelles du Québec — Québec Groupe Dynamite inc. c. 9059-3153 Québec inc. (Oxygen), 2007 QCCS 470
(CanLII) — 2007-02-02 Cour supérieure — Québec Emballages Crown Packaging inc. c. Groupe Dynamite inc., 2005 CanLII
45247 (QC CQ) — 2005-12-01 Cheng c. Groupe Dynamite inc., 2007 QCCQ 9702 (CanLII) — 2007-08-29 Cour du Québec — Québec Personne salariée et Groupe Dynamite inc, 2011 CanLII 84848 (QC CES) — 2011-11-11 Commission de l'équité salariale — Québec |
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TRADEMARKS |
G Clothing, namely, pants, capris, shorts, skirts, blouses, jackets Owned by: GROUPE DYNAMITE INC./DYNAMITE GROUP INC. Serial Number: 77068446 DYNAMITE retail stores featuring clothing, footwear, fashion accessories,
leather apparel, luggage, handbags, wallets, and home decoration… Owned by: Groupe Dynamite Inc. Serial Number: 78713723 DYNAMITE STORES Handbags, knapsacks Owned by: Groupe Dynamite Inc. Serial Number: 78405859 DYNAMITE STORES AGENDAS, PENS, PENCILS, MARKERS, TEMPORARY TATTOOS Owned by: Groupe Dynamite Inc. Serial Number: 75802990 D DYNAMITE Retail stores featuring clothing, footwear, fashion accessories,
leather apparel, luggage, handbags, wallets, confectionary… Owned by: Groupe Dynamite Inc. Serial Number: 78713744 GARAGE Retail store services featuring soaps, perfumery, essential oils,
cosmetics and hair lotions Owned by: Groupe Dynamite Inc. Serial Number: 78914845 |
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RENEWAL HISTORY |
Date of update of the information status 2017-03-01 Date of the last annual update 2017-07-28 End date of the production period of the 2018 annual update statement 2018-08-04 End date of the production period of the 2017 annual update statement
2017-07-31 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
Founded in 1975, Groupe Dynamite Inc. is an organization in the
Women's Clothing Stores Industry headquartered in Mont-Royal, Canada. The company has 1,885 regular employees and generates an estimated
$127 million USD in annual revenue. The company operates nationally and internationally, mainly importing
from China and Bangladesh. It is ACTIVE in business with no negative. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Louise |
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POSITION |
Operator |
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.77 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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CAD |
1 |
INR 52.19 |
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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PRA |
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Report Prepared
by : |
NIT |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.