MIRA
INFORM REPORT
|
Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SASKCAN PULSE TRADING INC. |
|
|
|
|
Registered Office : |
P. O. Box 30029, Regina, Saskatchewan, S4N 7K9 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
30/07/2001 |
|
|
|
|
Legal Form : |
Provincially Chartered Corporation - Private |
|
|
|
|
Line of Business : |
Processing and distribution of lentils and other pulse crops. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SASKCAN PULSE TRADING INC.
Address: P.O. BOX 30029
City: REGINA
State/Province: SASKATCHEWAN
Zip Code: S4N 7K9
Country: CANADA
Telephone: 306 525-4490
Facsimile: 306 525-4463
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Provincially Chartered Corporation -
Private
Website: www.saskcan.com
Business Activity: The
Subject is engaged in the processing and distribution of lentils and other
pulse crops.
NOTE TO CLIENT
Number of employees could not be determined.
---
Attempts were made to contact the Company, however we were unable to
reach management. There has been no response to several messages left for the
Subject, or to our faxed request for information.
The provided address is the physical address for the Company.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 30/07/2001
State/Province of Incorporation: SK
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity No: 101024271
Entity Name: SASKCAN PULSE TRADING
INC.
Entity Number: 101024271
Status as of Profile date: Active
Entity Type: BUSINESS
CORPORATION
Entity Sub Type: SASKATCHEWAN
CORPORATION
Incorporation Date: 30-Jul-2001
Home Jurisdiction: SASKATCHEWAN
Annual Return/Renewal Date: 31-Aug-2007
Nature of Business: PROCESSING,
SELLING AND TRADING LENTIL AND PULSE CROPS
Address of
Business:
Address: SW
13-17-19 W2, P.O. BOX 30029
City/Province: REGINA,
SK
Country/Postal Code: CANADA,
S4N7K9
Registered Office:
Name: SASKCAN
PULSE TRADING INC.
Address: SW
13-17-19 W2 SOUTH TOWER ROAD
City/Province: REGINA,
SK
Country/Postal Code: CANADA,
S4N7K9
Attention: LORI
IRELAND
Mailing Address:
Name: SASKCAN
PULSE TRADING INC.
Address: P.O.
BOX 30029
City/Province: REGINA,
SK
Country/Postal Code: CANADA,
S4N7K9
Attention: LORI
IRELAND
Managers/Key
Personnel
Mr. Murad Al-Katib
Chief Executive Officer
AFFILIATED ENTITIES
There are no known affiliated companies.
BANKS
CONEXUS CREDIT UNION
1960 ALBERT STREET
REGINA SK S4P4M1
Telephone: (306) 780-1655
Facsimile: (306) 780-1741
Account Number:
Account Manager:
Bank reference authorization could not be obtained.
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
------------------------------------------------------------------------------
FORT GARRY INDUSTRIE: 204-586-8261
*Mar 0
242 242 122
44 76 0
Whlsl-Ind Mach Sppls:
*Mar
0 7 7 0 0
0 7
Transportation Serv:
*Mar 0
1,537 1,537 1,537
0 0 0
Business Services:
*Mar 0
1,000 186 80
106 0 0
Arrg Transp of Freig:
*Mar 0
511 511 174
102 235 0
Mfr-Paper Box:
*Mar 0
5,000 1,758 1,758
0 0 0
Business Services:
*Mar 0 75,000 4,940 0 122
191 4,627
Arrg Transp of Freig:
*Mar 0
100K 46,655 46,655
0 0 0
FEDERATED CO-OPERATI: 306-244-3311 #
*Mar
0 16,811 12,150 11,922 228
0 0
BOLT SUPPLY HOUSE: 403-245-2818
*Mar 0
15 15 15
0 0 0
GENERAL MOTORS CORP: DLA-2007/02/22 568, Net 30 Days #
*Mar Jul/2004 0
28,034 8,197 8,197
0 0 0
ACKLAND GRAINGER CAN: 905-764-8989
*Jan 0
5,000 1,410 820
227 0 363
Mfr-Primary Metal:
*Jan 0 6,052
1,413 0 1,413
0 0
Whlsl-Petro Products:
*Jan 0
1,362 1,362 0
1,362 0 0
-------
------- ------- ------- ------- -------
P.I. =
11 90 Days 240K
80,383 71,280 3,604
502 4,997
Reported ------- ------- ------- ------- -------
-------
Business Services:
*Dec 0
2,000 1,587 1,587
0 0 0
Transportation Serv:
*Dec 0
2,823 2,823 2,823
0 0 0
DE LAGE LANDEN FIN: 905-465-3160
*Dec 0
31,087 3,521 3,012
509 0 0
HONDA CANADA FINANCE: 416-754-2323 DLA-2006/06/01 555, Net 30
Days #
*Jul Oct/2003 0
42,158 27,430 27,430
0 0 0
Transportation Serv:
*Jul 0
66 66 66
0 0 0
-------
------- ------- ------- ------- -------
P.I. =
10 Total 318K 115K 106K 4,113
502 4,997
Reported ------- ------- ------- ------- -------
-------
Payment C.I. Number of Total
Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd 3rd
------------------------------------------------------------------------------
1 Qtr/2007
11 8 14
80,383 71,280 3,604
502 4,997
4 Qtr/2006
10 4 15
145,846 103,639 41,258
624 325
3 Qtr/2006
5 7 13
68,110 65,952 1,839 0 319
2 Qtr/2006
7 9 12
70,600 66,963 1,936
894 807
1 Qtr/2006
12 9 12
105,002 85,435 18,028
761 778
4 Qtr/2005
4 9 12
67,761 63,915 3,230
616 0
3 Qtr/2005
0 9 10
102,849 102,329 520 0 0
2 Qtr/2005
10 9 9
79,495 72,855 6,441 0 199
1 Qtr/2005
17 9 9
97,347 78,752 18,110
284 201
FINANCIAL INFORMATION
Financial details could not be obtained at this time.
CURRENT OPERATIONS
NAICS Code: 111 Crop Production
Business Activity:
The Subject is engaged in the processing and distribution of lentils and
other pulse crops.
The Subject's activities include cleaning, sizing, splitting,
colour-sorting and packaging a full line of lentil, chickpea, pea, mustard and
canary seed products.
There are no known branch locations at this time.
PUBLIC RECORD
We found no public record filings in the Subject's name, including
bankruptcy or other such derogatory filings.
GENERAL COMMENTS
The Subject was registered in 2001. The payment history of the Company
is satisfactory, and operating record clear. No derogatory information was
reported or noted. The Company is considered 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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)