MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
LA
MAISON SAMI T.A. FRUITS INC. |
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Registered Office : |
1505 Rue Legendre Ouest, Montreal, Quebec H4n 1h6, Canada |
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Country : |
Canada |
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Date of Incorporation : |
23/06/1992 |
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Legal Form : |
Federally
Chartered Corp. - Private |
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Line of Business : |
The
Company is an importer and wholesaler of fresh fruits and vegetables. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : LA MAISON SAMI T.A. FRUITS INC.
Address :
1505 RUE LEGENDRE OUEST
City : MONTREAL
State/Province : QUEBEC
Zip
Code : H4N 1H6
Country : CANADA
Telephone : 514 858-6336
Facsimile : 514 858-6364
Legal
Form : Federally
Chartered Corp. - Private
Website :
www.maisonsamifruits.com
Maj.
Shareholder : Mr. Sami Al Asmar
@rating
Opinion :
Business
Activity : The Company is an
importer and wholesaler of fresh fruits and
vegetables.
Founded
(D/M/Y) : /
/1981
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 100
NOTE TO CLIENT
Person
Contacted: Ms. Francine Bonbin,
Buyer. Ms. Bonbin verified the
information presented to her. She
deferred financial information to Mr. Wajih Halabi, Controller, who was not
available at the time of this report.
LEGAL
Legal Form :
Federally Chartered Corp. - Private
Since (D/M/Y): 23/06/1992
State/Province
of Incorporation : Canada
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company federally Chartered in Canada under the following registration:
Corporation
#2831198
BN
#134188499RC0001
Corporation
Name(s) : LA MAISON SAMI
T.A. FRUITS INC.
Registered
Office Address : [Latest address
on file]
Care
of :
Street : 1505
LEGENDRE
City :
MONTREAL
Province : Quebec
Postal
Code : H4N1H6
Country : Canada
Reg.
Off. Eff :
1992/06/23
Status : Active
Date :
1992/06/23
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The
Company provincially qualified in Quebec under the following registration:
File
Number : 1143044031
Legal
Name : LA MAISON SAMI
T.A. FRUITS INC.
Incorporation
Date : 6/23/1992
Last
Annual Report : 11/17/2005
Location : Canada
Address : 1505, RUE LEGENDRE
MONTRÉAL (QUÉBEC) H4N 1H6
Managers/Key Personnel
Mr. Sami Al Asmar President
Mr. Taleb Al Asmar Vice
President
Mr. Wajih Halabi Controller
OWNERS
Mr. Sami Al Asmar 100.00% Majority
The Company has no subsidiaries or
affiliates.
BANKS
Toronto
Dominion Bank
433
CHABANEL OUEST
Montreal PQ H2N 2J3
Telephone : (514)
289-1580
Facsimile : (514) 289-0574
Account
Number:
Account
Manager:
A
fax was sent to the Company for signed bank authorization.
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
------------------------------------------------------------------------------
GENERAL MOTORS CORP:
DLA-2006/10/06 336, Net 30 Days #
*Nov Feb/2003 0 16,320 886 886 0
0 0
CITI COMMERCE SOLUTI:
800-233-8619 DLA-2006/10/12 1,196 #
*Nov Jan/2000 2,000 1,455 1,211 1,211 0
0 0
Transportation Serv:
Merged accts
*Oct 0 12,979 12,979 6,012 0
6,747 220
DE LAGE LANDEN FIN:
905-465-3160
*Oct 0 1,600 38 38 0
0 0
Whlsl-Ind Mach Sppls:
*Oct 0 678 678 678 0
0 0
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------- ------- ------- ------- -------
P.I. = 35 90 Days 33,032 15,792 8,825
0 6,747 220
Reported
------- ------- ------- ------- ------- -------
Transportation Serv:
*Jul 0 216 216 216 0
0 0
Trucking:
*May 0 760 760 760 0
0 0
Transportation Serv:
*Mar 0 94 94 0 94
0 0
Whlsl-Durable Goods:
*Feb 0 359 359 0 0
0 359
PRODUITS CARI-ALL IN:
514-640-1414
*Feb 0 15,000 15,000 15,000 0
0 0
------- ------- ------- ------- ------- -------
P.I. = 17 Total 49,461 32,221 24,801
94 6,747 579
Reported
------- ------- ------- ------- ------- -------
PAYMENT TRENDS
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Payment
C.I. Number of Total
Current Overdue
Quarters Index Score
Suppliers Owing $ 1st 2nd 3rd
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3 Qtr/2006 1 8 4 29,376 28,799 577 0 0
2 Qtr/2006 0 8 4 2,617 2,617 0 0 0
1 Qtr/2006 3 23 6 23,927 22,739
829 0 359
4 Qtr/2005 30 22 4 1,110 751 359 0 0
3 Qtr/2005 0 20 2 884 884 0 0 0
2 Qtr/2005 0 23 2 5,558 5,558 0 0 0
1 Qtr/2005 0 26 2 7,281 7,281 0 0 0
4 Qtr/2004 0 26 2 1,105 1,105 0 0 0
3 Qtr/2004 0 28 4 4,973 4,215 758 0 0
FINANCIAL INFORMATION
Ms.
Bonbin declined to provide financial statement information over the phone. She requested a fax form to provide this
information. If we receive a response,
we will amend the report accordingly.
CURRENT OPERATIONS
NAICS
Code : 42248 Fresh Fruit and Vegetable Wholesalers
SIC
Code : 5148
Number
of Employees: 100
Business Activity
The
Company is an importer and wholesaler of fresh fruits and vegetables.
The
Subject imports worldwide and distributes throughout Canada.
The
heading address is the headquarters for the Subject. The facility consists of 70,000 square feet of owned office and
warehouse space.
The
Company has an additional office at the following location:
258
Rue Jean-Talon
Montreal,
QC
PUBLIC RECORD
A
search of public revealed the following actions against the Company and no
bankruptcy petitions. We cannot
determine the current status of the actions against the Company.
Writ
of Summons:
Defendant MAISON SAMI T A FRUITS INC Date May
20, 2004
Plaintiff CICCARELLO LIBORIO Court Provincial
Cour
Amount 40,589 Location Montreal
Reason Rent File
# 097818044
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Writ
of Summons:
Defendant MAISON SAMI T A FRUITS INC Date Jul
21, 2003
Plaintiff 9009 1729 QUEBEC INC Court Provincial Cour
Amount 14,877 Location Montreal
Reason Goods Sold &
Delivered File #
086883033
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Writ
of Summons:
Defendant MAISON SAMI T A FRUITS INC Date Dec
12, 2002
Plaintiff D BECCARIS LTD Court Provincial Cour
Amount 4,918 Location Montreal
Reason Goods Sold & Delivered File
# 078827022
GENERAL COMMENTS
The
Subject, founded in Canada in 1981, is engaged as an importer and wholesaler of
fruits and vegetables. The payment
record is generally satisfactory and the operating history is clear. Three actions were found against the
Company, however, no bankruptcy petitions were reported or noted. The Company is 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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