MIRA
INFORM REPORT
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Report Date : |
10th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
GUY SAINT-JEAN EDITEUR INC |
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Registered Office : |
Green
Frog Publishing, 3154 Boul. Industriel Laval,
Quebec H7l 4p7, Canada |
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Country : |
Canada |
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Date of Incorporation : |
1981 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
Company is a publisher of books in French and
books translated into English |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name: GUY SAINT-JEAN EDITEUR INC.
Trade
Name(s): Green Frog Publishing
Address: 3154
BOUL. INDUSTRIEL
City: LAVAL
State/Province: QUEBEC
Zip
Code: H7L 4P7
Country: CANADA
Telephone: 450-663-1777
Facsimile: 450-663-6666
Legal
Form: Provincially Chartered Corporation - Private
Website: www.saint-jeanediteur.com
@rating
Opinion:
Founded
(D/M/Y): /
/1981
As
of:
Sales
/ Revenue:
Net
Income:
Total
Equity:
Number
of Employees: 5
Business
Activity:
The
Company is a publisher of books in French and books translated into English.
NOTE TO CLIENT
NOTE::
LEGAL NAME: GUY SAINT-JEAN EDITEUR
INC.
ORDERED
NAME: GUY SAINT-JEAN ED INC.
Person
Contacted: Ms. Marie-Clair Saint-Jean,
Office Manager. Ms. Saint-Jean verified
and updated the information presented to her.
She deferred all bank and financial statement information to Mr. Jacques
Frechette,
Finance Manager, who was not in the office the day we contacted the
Company. A fax was sent to him to
obtain this information.
Credit
Recommendation for US$200,000:
In
the absence of financial statement information or comment from management, we
cannot evaluate the total condition of the Firm at this time. Based on the payment record, we believe
US$60,000 is a reasonable credit risk as a total commitment.
Amount
Requested: 200,000
Amount
Advised: 60,000
The
amounts requested and advised are expressed in: USD
LEGAL
Legal
Form: Provincially Chartered Corporation – Private
Since
(D/M/Y):20/10/1981
State/Province
of Incorporation: QC
Status: ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company provincially chartered in Quebec under the following registration:
File
Number: 1143618636
Legal
Name: GUY SAINT-JEAN ÉDITEUR INC.
Incorporation
Date: 10/20/1981
Last
Annual Report: 3/7/2006
Location:
Quebec
Address:
3154, BOULEVARD INDUSTRIEL
LAVAL
(QUÉBEC) H7L 4P7
Managers/Key Personnel
Ms.
Nicole Saint-Jean President
Ms.
Monique Saint-Jean Vice
President
Mr.
Jacques Frechette Finance Manager
Ms.
Marie-Claire Saint-Jean Office Manager
Parent Companies
Parent
Company: Guy Saint-Jean Inc.
3154 Boul.
Industriel
Laval PQ H7L 4P7
CANADA
The
Company has no subsidiaries or affiliates.
BANKS
PQ
Telephone:
Facsimile:
Account
Number:
Account
Manager:
A
bank name could not be learned at this time.
PAYMENT HISTORY
------------------------------------------------------------------------------
Supplier's Name/Industry Terms Amount/Pay Habits/Comments
Rptd
Open Credit Credit
High Total Current
Past Due/Pay Period
Date
Date Limit Limit Dt. Credit Owing $ 1st
2nd 3rd
------------------------------------------------------------------------------
Business Services:
*May 0
995 995 995
0 0 0
Printer-Commercial:
*May 0
66,094 66,094 66,094
0 0 0
-------
------- ------- ------- ------- -------
P.I. =
0 90 Days 67,089
67,089 67,089 0
0 0
Reported -------
------- ------- ------- ------- -------
-------
------- ------- ------- ------- -------
P.I. =
0 Total 67,089
67,089 67,089 0
0 0
Reported -------
------- ------- ------- ------- -------
PAYMENT TRENDS
------------------------------------------------------------------------------
Payment
C.I. Number of Total
Current Overdue
Quarters Index Score Suppliers
Owing $ 1st 2nd 3rd
------------------------------------------------------------------------------
1 Qtr/2006 0 16 1
46,539 46,539 0 0 0
4 Qtr/2005 0 16 1
11,426 11,426 0 0 0
3 Qtr/2005 0 16 1
4,152 4,152 0 0 0
2 Qtr/2005 4 14 2
4,794 4,152 642 0 0
1 Qtr/2005 NA 16 0 0 0 0 0 0
4 Qtr/2004 NA 16 0 0 0 0 0 0
3 Qtr/2004 NA 16 0 0 0 0 0 0
2 Qtr/2004 NA 18 0 0 0
0 0 0
1 Qtr/2004 NA 18 0 0 0 0 0 0
FINANCIAL INFORMATION
Ms. Saint-Jean declined to
provide any financial statement information for this report. If we receive a fax response from Mr.
Frechette, we will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 51113 Book Publishers
SIC Code: 2731
Number of Employees: 5
Business Activity:
The Company is a publisher of
books in French and books translated into English.
The Subject publishes books from
a variety of categories including:
Health
Sex (Romance Novels)
Gardening
Popular Psychology
Sports
Gastronomy (Food and Wine)
The heading address is the sole
location for the Subject. The facility
consists of leased office and warehouse space.
PUBLIC RECORD
A search of public revealed no
derogatory information, Uniform Commercial Codes, or bankruptcy petitions.
GENERAL COMMENTS
The Subject, founded in 1981, is
engaged as a book publisher. The
payment record is limited, however, generally satisfactory and the operating
history is clear. No derogatory
information or bankruptcy petitions were reported or noted. The Company is responsible for normal
business transactions.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |