MIRA
INFORM REPORT
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Report Date : |
24th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
SASKATCHEWAN LIQUOR AND GAMING AUTHORITY |
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Registered Office : |
2500
Victoria Avenue, Regina
Saskatchewan, S4p 3m3, Canada |
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Country : |
Canada
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Date of Incorporation : |
01/01/1925 |
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Legal Form : |
Crown Corporation |
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Line of Business : |
Wholesalers and retailers of wine, beer, and
liquor for Saskatchewan |
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: SASKATCHEWAN LIQUOR AND GAMING AUTHORITY
Address: 2500
Victoria Avenue
City: REGINA
State/Province: SASKATCHEWAN
Zip
Code: S4P 3M3
Country: CANADA
Telephone: 306
787-4213
Facsimile: 306
787-8468
Legal
Form: Crown Corporation
Website: N/A
Maj.
Shareholder: PROVINCE OF SASKATCHEWAN GOVERNMENT
@rating
Opinion:
Founded
(D/M/Y): 01/01/1925
As
of:
Sales
/ Revenue:
Net
Income:
Total
Equity:
Number
of Employees: 900
Business
Activity:
Wholesaler
and retailer of wine, beer, and liquor for Saskatchewan.
NOTE TO CLIENT
Person
Contacted: Mr. Al Barber, Retail
Services Manager
Credit
Recommendation for US $6,000: Based on
annual sales and a satisfactory payment record, we believe the Firm to be
responsible for this amount.
Amount
Requested: 6,000
Amount
Advised: 6,000
The
amounts requested and advised are expressed in: USD
LEGAL
Legal
Form: Crown Corporation
Since
(D/M/Y): 01/07/1993
State/Province
of Incorporation: Saskatchew
Status:
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Firm is a Crown Corporation that was formed in Canada on July 1, 1993. The Canadian Business Registrar does not
release information pertaining to authorized shares or par value.
Managers/Key Personnel
Ms.
Sandra Morgan President
& Chief Executive Officer
Ms.
Val Banilevic Manager
OWNERS
PROVINCE
OF SASKATCHEWAN GOVERNMENT
% Unspecified
AFFILIATED ENTITIES
The
Subject is governed by the Government of the Province of Saskatchewan which
reports numerous divisions and departments.
Parent Companies
Parent
Company: PROVINCE OF SASKATCHEWAN
GOVERNMENT
CANADA
BANKS
ROYAL
BANK OF CANADA
2002
11TH AVENUE
Telephone:
306 780-2400
Facsimile:
306 780-2523
Account
Number:
Account
Manager:
Bank
policy prohibitis providing references on commercial accounts.
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
------------------------------------------------------------------------------
Transportation Serv:
*Jun 0
26,997 26,997 16,735
10,262 0 0
Retail-Establishment:
*Jun 0
20,000 1 1
0 0 0
Mfr-Petroleum Prdts:
*Apr 0
517 517 517
0 0 0
-------
------- ------- ------- ------- -------
P.I. =
12 90 Days 47,514 27,515
17,253 10,262 0
0
Reported
------- ------- -------
------- ------- -------
Wholesale-Furniture:
*Mar 0
1,115 1,115 1,115
0 0 0
EQUIFAX CAN: 416-227-8703
*Feb 0
46 46 46
0 0 0
Wholesale-Elec Appls:
*Oct 0
628 628 628
0 0 0
-------
------- ------- ------- ------- -------
P.I. =
12 Total 49,303
29,304 19,042 10,262
0 0
Reported
------- ------- ------- ------- ------- -------
------------------------------------------------------------------------------
Payment
C.I. Number of Total
Current Overdue
Quarters Index Score Suppliers
Owing $ 1st 2nd 3rd
------------------------------------------------------------------------------
1 Qtr/2006 5 5 4 3,699 3,128 571 0 0
4 Qtr/2005 1 5 5
23,337 22,653 684 0 0
3 Qtr/2005 1 8 3
2,741 2,624 117 0 0
2 Qtr/2005 0 8 3
22,591 22,591
0 0 0
1 Qtr/2005 9 5 4
33,945 27,264 4,569
2,112 0
4 Qtr/2004 19 5 4
30,226 22,147 3,310 0 4,769
3 Qtr/2004 0 5 5
24,243 24,201 42
0 0
2 Qtr/2004 0 13 5
14,719 14,719 0 0 0
1 Qtr/2004 24 9 4
25,784 17,120 3,895 0 4,769
FINANCIAL INFORMATION
Mr.
Barber is mailing the Firm's financials, because they are in a booklet and
cannot be faxed. If they are received the report will be updated at that
time. Outside sources reported the
Firm's annual sales to be approximately $500,000,000 CAD.
HISTORY
On
07/01/93, the SASKATCHEWAN LIQUOR BOARD merged with the Province's GAMING
COMMISSION, another Treasury Board Crown Corporation, to legally form the
SASKATCHEWAN LIQUOR AND GAMING AUTHORITY.
CURRENT OPERATIONS
NAICS
Code: 42281 Beer and Ale Wholesalers
SIC
Code: 5181
Number
of Employees: 900
Business
Activity:
Wholesaler
and retailer of wine, beer, and liquor for Saskatchewan. The Company also
regulates all gaming programs from local bingos to large casino operations.
The
headquarters is located at the above-noted address.
There
are 80 retail sales locations, 1 warehouse and 190 Independent Franchises
throughout Saskatchewan.
The
mailing address for the Company is: PO Box 5054
Regina,
SK S4P 3M3
TRADE REFERENCES
We
have faxed a request to the Company for trade references, but to date we have
not yet received a response.
PUBLIC RECORD
As
of the date of this report the following claims have been filed. Future claims may be pending.
Debtor SASK LIQUOR & GAMING,14931286 Date Placed
Sep 04, 2002
Creditor KPMG INC-RECEIVER TCT LOGISTIC Amount Placed 244
Agency CDN BONDED CREDITS LTD
Comment Placed for Collectn
The
status is uncertain as no further information is currently available. The
disposition of this case will not present any negative impact on the financial
condition of the Firm.
GENERAL COMMENTS
Sasketchewan
Liquor and Gaming Authority is a Treasury Crown Corporation that was formed in
Canada in 1993. The payment record
appears satisfactory. There was one
insignificant legal action against the Firm on the public record. The Firm is considered responsible for
normal business transactions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |