MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ADLER
STEEL LIMITED |
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Registered Office : |
150 Consumers Road Suite 503,
Toronto, Ontario, M2j 1p9, Canada |
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Country : |
Canada |
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Date of Incorporation : |
14.06.2001 |
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Legal Form : |
Federally
Chartered Corp. - Private |
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Line of Business : |
Providers
of steel and steel products |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: ADLER
STEEL LIMITED
Address: 150
CONSUMERS ROAD SUITE 503
City: TORONTO
State/Province: ONTARIO
Zip Code: M2J
1P9
Country: CANADA
Telephone: 416
498-5559
Facsimile: 416
498-9727
Legal Form: Federally
Chartered Corp. - Private
Website: www.adlersteel.com
@rating Opinion:
As of: 31/12/2005
Sales / Revenue: 30,000,000
Net Income:
Total Equity:
Number of Employees: 20
Business Activity:
The Firm is a provider of steel
and steel products.
NOTE TO CLIENT
Person Contacted: Mr. Bomboy
Pascual, Controller.
LEGAL
Legal Form: Federally Chartered
Corp. - Private
Since (D/M/Y): 14/06/2001
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report. The Firm is incorporated in Canada under
the following:
Corporation Number : 3909492
BN Number : 873375216RC0001
Corporation Name(s) : Adler Steel Limited
Mailing Address : [Latest address on
file]
Care of : ADLER STEEL LIMITED
Street : 150 CONSUMERS ROAD SUITE 503
City : TORONTO
Province : Ontario
Postal Code : M2J 1P9
Country : Canada
Registered Office Address : [Latest address on file]
Care of : INDU LAL
Street : 150 CONSUMERS ROAD # 503
City : TORONTO
Province : Ontario
Postal Code : M2J1P9
Country : Canada
Status Date : Active
2001/06/14
Managers/Key Personnel
Mr. Indu Lal President
Mr. Prabal Sengupta Vice President
Mr. Vijay M. Lal Financial Director
Mr. Vinay Lal Office Manager
Mr. Bomboy Pascual Controller
AFFILIATED ENTITIES
There are no affiliates or subsidiaries
at this time.
BANKS
TORONTO DOMINION BANK
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
The bank requires account numbers
and signatures which could not be obtained from management at this time.
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
------------------------------------------------------------------------------
Transportation Serv:
*Jul 0
183 183 93
90 0 0
Retail-Establishment:
*Jun 0
4,500 375 356
0 0 19
HONDA CANADA FINANCE: 416-754-2323 DLA-2006/04/20 392, Net 30
Days #
*May Oct/2004 0
29,640 23,769 23,769
0 0 0
------- ------- ------- ------- -------
-------
P.I. =
8 90 Days 34,323
24,327 24,218 90
0 19
Reported ------- ------- ------- ------- -------
-------
------- ------- ------- ------- -------
-------
P.I. =
8 Total 34,323
24,327 24,218 90
0 19
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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2 Qtr/2006 4 12 3
24,234 24,215 0 0 19
1 Qtr/2006 0 16 2
25,281 25,281 0 0 0
4 Qtr/2005 0 16 2
26,586 26,586 0 0 0
3 Qtr/2005 0 16 2
30,783 30,783 0 0 0
2 Qtr/2005 2 14 3
31,490 31,472 18 0 0
1 Qtr/2005 0 14 3
32,867 32,867 0 0 0
4 Qtr/2004 0 16 2 55 55 0 0 0
3 Qtr/2004 0 14 2
18,260 18,260 0 0 0
2 Qtr/2004 0 16 1 57 57 0 0 0
FINANCIAL INFORMATION
FINANCIAL
FIGURES
Year-End (D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales / Revenues 30,000,000 - -
Mr. Pascual declined to provide
financial statements, therefore the Firm's condition could not be evaluated. A
written inquiry was sent via fax, if he responds the report will be updated at
that time.
NOTE: Due to the configuration of
our systems, all sales must be viewed as consolidated. The sales should be
considered individual. (IN CAD)
CURRENT OPERATIONS
NAICS Code: 32191
Millwork
Number of Employees: 20
Business Activity
The
Firm is a provider of steel and steel products.
The
Firm offers steel, iron and other related products. The Firm inventory
includes: billets and blooms, slabs, reinforcement bars, round or square bars,
flat bars, angles, channels, beams, hot rolled sheets and coils, hot rolled
plates cold rolled sheets and coils, black plate coils, galvanized, stainless
steel, prepainted and tin plates. The Firm also wholesales second hand
steel making, rolling, ancillary and
peripheral equipment. Sale are international.. The provided location is the
Firm's sole location and consists of 30,000 square feet of leased office sapce,
processing and warehouse facilities.
PUBLIC RECORD
No judgements, tax liens or
bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is an established
provider of steel and steel products. The payment record is satisfactory. No
judgements, tax liens or bankruptcy petitions were traced to the Firm. The Firm
is considered responsible for normal trade relations.
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 |