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Introductory Assessment Alfred Brooks Menswear Limited (ABM), a Toronto based manufacturer of menswear, operates in a highly competitive industry, catering to a target market of white collar male, who wanted top-of-the-line quality at reasonable prices. The company till now sold most of its products in Canada, with about 10% of the total sales being to retailers in United States, and 1% being to an Italian retailer. Currently, ABM has accepted a huge purchase order from Sutton’s, a renowned departmental store in United States, with over 1,000 branches. This purchase order would allow for a major expansion in ABM’s operations, by increasing the turnover from CDN $ 20.9 million to CDN $37.3 million. The fabric and preliminary manufacturing for the Sutton’s order would be sourced from Hong Kong based Leung Manufacturing, with whom the agreement was almost in place. ABM would require an increase in its operating loan ceiling by $ 3.75 million to $ 12 million in order to accommodate the increased sales. ABM’s current banker, the Metropolitan Bank, has shown a negative response to support the company at this point. A thorough analysis of the financial reports and a risk assessment of the Comapany, would help in establishing the credibility of ABN, in order to get support from other banks.
Approximate Word count = 833
Approximate Pages = 3.3
(250 words per page double spaced)
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