MIRA
INFORM REPORT
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Report Date : |
03.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
WESTERN GRAINS TRADE LTD. |
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Registered Office : |
Highway #4 North Hamlin Road, North Battleford, Saskatchewan, S9A
3K2 |
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Country : |
Canada |
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Date of Incorporation : |
16/08/2000 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Grows, processes, and exports specialty crops |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: WESTERN GRAINS TRADE LTD.
Address: HIGHWAY #4 NORTH HAMLIN ROAD
City: NORTH BATTLEFORD
State/Province: SASKATCHEWAN
Zip Code: S9A 3K2
Country: CANADA
Telephone: 306-445-4022
Facsimile: 306-445-4033
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Provincially Chartered Corporation -
Private
Website: No website found.
Business Activity: The
Company grows, processes, and exports specialty crops including peas, lentils,
chickpeas,
canary seed, canola, flax, mustard seeds and oats.
NOTE TO CLIENT
NOTE: The provided address, PO BOX 1149 is the Subject's mailing
address. They are headquartered at the above-noted physical address.
Ms. Vicki Dutton, Vice-President, declined to provide information
regarding the Company. Thus, general information contained in this report
cannot be substantiated.
Number of employees could not be determined.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 16/08/2000
State/Province of Incorporation: Saskatchew
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is registered in Saskatchewan:
WESTERN GRAIN TRADE LTD.
ENTITY NUMBER: 101011757
Status: Active
Date Filed: 8/16/2000
Managers/Key
Personnel
Ms. Vicki Dutton
Vice President
Ms. Heidi Dutton-Weber
President
AFFILIATED ENTITIES
As far as could be determined, there are no affiliates or subsidiaries.
BANKS
SK
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to furnish bank details.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a
significant payment record could not be developed.
FINANCIAL INFORMATION
Management declined to provide any financial information and outside
sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 11 Agriculture, Forestry, Fishing, and
Hunting
Business Activity:
The Company grows, processes, and exports specialty crops including
peas, lentils, chickpeas, canary seed, canola, flax, mustard seeds and oats.
Distribution is worldwide.
The headquarters are at the above-noted address. There are additional
locations in Saskatchewan.
TRADE REFERENCES
Management declined to provide supplier references.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the
Subject's name.
GENERAL COMMENTS
An established Company, the Subject grows, processes, and exports
specialty crops including peas, lentils, chickpeas, canary seed, canola, flax,
mustard seeds and oats. No payment records were found and a search of public
records and bankruptcy courts revealed no derogatory information or record of
the Company filing a bankruptcy petition.
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)