MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
IND DIAGNOSTIC INC. |
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Registered Office : |
1629 Fosters
Way, Elta, BC, V3M 6S7 |
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Country : |
Canada |
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Date of Incorporation : |
23/08/1995 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
Research, development and manufacturing of advanced in-vitro diagnostic (IVD) test systems. |
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 : |
No Complaints |
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Litigation : |
Exists |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: IND DIAGNOSTIC INC.
Trade Name:
Address: 1629
FOSTERS WAY
City: DELTA
State/Province: BC
Zip Code: V3M 6S7
Country: CANADA
Telephone: 604 522-1619
Facsimile: 604 522-6331
URL www.ind.ca
Legal Form: Provincially
Chartered Corporation - Private
Shareholder:
Founded (D/M/Y):
Sales / Revenue: -
Net Income:
Total Equity:
Number of
Employees: 120
Business Activity: Biotechnology company specializing
in research, development and
manufacturing
of advanced in-vitro diagnostic (IVD) test systems.
NOTE TO CLIENT
PERSON CONTACTED:
Ms. Amy (last name not provided)Receptionist
Ms. Amy declined to
forward our call to an officer of the Firm, stating that it is company policy
for all inquiries to be sent in writing. Management was sent a written request
for company information via facsimile. Unfortunately, we did not receive a
response to our inquiries and thus, cannot substantiate general information
contained in this report. If however, Management responds to our inquiries at a
later time, this report will be appropriately amended.
LEGAL
Legal Form: Provincially
Chartered Corporation - Private
Incorporation
State BC
Status: ACTIVE
Since (D/M/Y): 23/08/1995
The company is NOT
required to publish an annual financial report.
The Subject is engaged as a provincially chartered corporation in BRITISH COLUMBIA:
Legal Name: IND Diagnostic Inc.
ID Number: BC0502978
Status: Active
Jurisdiction: BC
Incorporation Date: 8/23/1995
MANAGERS / KEY PERSONNEL
Ms. Shuli Wang President
AFFILIATED COMPANIES
As far as could be
determined, there are no known affiliates or subsidiaries.
BANKS
State/Province: BC
Country: CANADA
We could not
obtain any bank information from management, however outside sources consulted
report BANK OF MONTREAL as the primary bank for the Subject.
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-2007/11/05 442, Net 30 Days #
*Dec May/2007 0 21,247 16,060 16,060 0 0 0
Trucking:
*Dec 0 654 654 654 0 0 0
Trucking:
*Nov 0 297 297 149 148 0 0
CITI CARDS CANADA: 800-233-8619 Net 30 Days #
*Nov 4,000 110 0 0 0 0 0
Retail-Establishment:
*Nov 0 1,500 13 13 0 0 0
Whlsl-Ind Mach Sppls:
*Oct 0 399 399 399 0 0 0
Transportation Serv:
*Oct 0 6,995 6,995 5,138 1,857 0 0
------- ------- ------- ------- ------- -------
P.I. = 8 90 Days 31,202 24,418 22,413 2,005 0 0
Reported ------- ------- ------- ------- ------- -------
Transportation Serv:
*Jul 0 270 270 0 179 0 91
------- ------- ------- ------- ------- -------
P.I. = 9 Total 31,472 24,688 22,413 2,184 0 91
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/2007 8 9 8 27,507 25,503 1,854 0 150
2 Qtr/2007 6 17 8 31,532 29,702 1,498 319 13
1 Qtr/2007 50 16 7 2,299 1,644 7 648 0
4 Qtr/2006 4 13 8 15,777 14,507 1,189 81 0
3 Qtr/2006 23 17 8 45,977 17,404 28,401 172 0
2 Qtr/2006 24 19 8 55,707 20,202 35,505 0 0
1 Qtr/2006 25 13 7 19,264 11,804 7,075 385 0
4 Qtr/2005 18 9 8 25,614 12,142 13,437 35 0
3 Qtr/2005 17 15 7 19,118 9,910 9,208 0 0
FINANCIAL INFORMATION
We could not
obtain any financial information and outside sources provided no insight into
the financial status of the company.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 33911
Medical Equipment
and Supplies Manufacturing
Number of
Employees: 120
Business Activity:
Biotechnology company specializing in research, development and manufacturing of advanced in-vitro diagnostic (IVD) test systems.
The Company's
testing products are used for fertility, infectious diseases, STD, tumor
marker, cardiac marker, drug abuse, alcohol, and urinalysis reagent.
The heading
appears to be the sole location for the Company.
PUBLIC RECORD
Judgment:
Defendant IND DIAGNOSTIC INC Date Sep 08, 2003
Plaintiff DIR. EMPLOYMENT STANDARDS Court Supreme Court
Amount 1,000 Location New Westminster
Reason Monies Due File # SCS82032
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NOTE: A nationwide search of bankruptcy courts shows no bankruptcy filings under the Subject's name.
COMMENTS
IND Diagnostic Inc. is engaged as a manufacturer of in-vitro diagnostic testing systems
for medical purposes. The
payment record is satisfactory. There is one judgement was found filed against the Company, but the outcome of the filing could not be determined. A search of the 9 jurisdictional bankruptcy courts of Canada report no bankruptcy filings by the Subject.
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. |
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%)