MIRA INFORM REPORT

 

 

Report Date :

08.08.2007

 

IDENTIFICATION DETAILS

 

Name :

SYMTEC TRADING INC.

 

 

Registered Office :

80 Acorn Place Unit # 56, Mississauga, Ontario, L4z 4ei,                      

 

 

Country :

Canada

 

 

Date of Incorporation :

07/27/2004

 

 

Legal Form :

Provincially Chartered Corporation - Private

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : SYMTEC TRADING INC.

Address                        : 80 ACORN PLACE UNIT # 56

City                              : MISSISSAUGA

State/Province               : ONTARIO                              

Zip Code                       : L4Z 4EI                     

Country                         : CANADA                      

Telephone                     : N/A                          

Facsimile                      : N/A

Legal Form                    : Provincially Chartered Corporation - Private

Website                        : N/A

Business Activity           : No information could be obtained regarding the activities of the Firm.

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

 

 

 IMPERATIVES

 

 There is a legal registration for Ontario for the Company (please refer to the legal section for a full registration).

 

 Attempts to contact the Subject were unsuccessful.

 

 The officers names could not be obtained.

 

 A internet search plus telephone directory assistance calls were unable to locate a telephone number listed to the Company. We located a Symtec Innovations in Markham. This firm was contacted at telephone number;  905-940-8044,  however that organization stated that there is no link to Symtec Trading Inc.

 

The provided address; 80 Acron Place, unit #56, Mississauga, Ontario, Canada L4Z 4E1 was cross-checked, however Canada Postal Service states that this in not a valid address. It should be 80 Acorn Place. This address was also cross-checked which appears to be be a residential townhouse complex. A real estate agent residing in the building could not offer any information on the Subject nor was the name familiar to him.  EBM Electronics, telephone number; 905-755-9527 wsas also contacted, but has moved out of the address. They were not familiar with  the Subject company.

 

A payment record could not be developed for the Company.

 

No public were traced to the Firm.

 

No outside sources could provide insight into the financial condition of the Company.

 

At this time, it is uncertain whether the Company has ceased operations or simply moved to another location.

 

This is a full investigation.

 

 

LEGAL

 

Legal Form                    : Provincially Chartered Corporation - Private

Previous Legal Form       :  Agency

 

Company is NOT required to publish an annual financial report.

 

Ontario Registration:

 

Legal Name                   : Symtec Trading Inc.

Date of Incorporation      : 07/27/2004

Activity Status               : Active

Registration                   : Provincial

Corporation Number       : 001626926

 

 

FINANCIAL INFORMATION

 

No financial details could be obtained.

 

 

CURRENT OPERATIONS

 

NAICS Code:   99999     Unclassified Establishments

SIC Code:          9999

 

 

Business Activity

 

No information could be obtained regarding the activities of the Firm.

 


 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions