MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MMK CORPORATION |
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Registered Office : |
1081 Meyerside Drive Unit 13, Mississauga, Ontario, L5T1M4, Canada |
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Country : |
Canada |
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Date of Incorporation : |
14.08.1998 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Distributor of bath rugs and floor
coverings, as well as table linens, area rugs, window treatments, decorative
cushion covers, and throws. |
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 : |
Slow
but Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : MMK CORPORATION
Address : 1081 MEYERSIDE DRIVE UNIT 13
City : MISSISSAUGA
State/Province : ONTARIO
Zip Code : L5T1M4
Country : CANADA
Telephone : 905 696-8080
Facsimile : 905 696-0850
Legal Form : Corporation - Private
Website : No website
@rating Opinion :
Business Activity : The company is a distributor of bath rugs and floor coverings, as well as table linens, area rugs, window treatments, decorative cushion covers, and throws.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 2
NOTE TO CLIENT
Contacted person; Mr. Ken Suvhani, Bookeeper.
Mr. Suvhani provided and confirmed general business information about the Company. He declined to provide banking or financial information. We sent a written request for additional information. If we receive a response, an update will be provided.
Information in this report could not be confirmed by management.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 14/08/1998
State/Province of Incorporation : Ontario, C
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Subject is Provincially registered in Ontario Canada.
Company name
MMK CORPORATION
Inc. Number : 001309701
Inc. Date : August 14th, 1998.
Status : Active
Juristiction : Ontario.
Managers/Key Personnel
MR. SHEKAR KEJRIWAL President
AFFILIATED ENTITIES
The Company has no affiliates or subsidiaries.
BANKS
*
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
We sent a fax requesting banking information. If we receive a response, an update will be provided.
PAYMENT HISTORY
TRADE ITEMS
------------------------------------------------------------------------------
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
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Transportation Serv:
*Aug 0
13,613 13,613 0
0 0 13,613
Transportation Serv:
*Jun 0
125 125 1
4 120 0
------- ------- ------- ------- ------- -------
P.I. =
99 Total 13,738
13,738 1 4
120 13,613
Reported ------- ------- ------- ------- -------
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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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4 Qtr/2006
NA 49 0 0 0 0 0 0
3 Qtr/2006
99 53 1
13,613 0 0 0 13,613
2 Qtr/2006
99 47 2
13,738 1 4 120 13,613
1 Qtr/2006
61 37 2
13,840 246 7,725 10 5,859
4 Qtr/2005
NA 29 0 0 0 0 0 0
3 Qtr/2005
NA 32 0 0 0 0 0 0
2 Qtr/2005
NA 48 0 0 0 0 0 0
1 Qtr/2005
99 28 1 227 0 0 10 217
4 Qtr/2004
33 23 1 137 0 137 0 0
FINANCIAL INFORMATION
We sent a fax requesting financial information. If we receive response, an update will be provided.
CURRENT OPERATIONS
NAICS Code : 421 Wholesale Trade, Durable Goods
Number of Employees : 2
Business Activity
The company is a distributor of bath rugs and floor coverings, as well as table linens, area rugs, window treatments, decorative cushion covers, and throws.
The heading address is the headquarters and sole location of the Subject.
PUBLIC RECORD
The Subject has the following civil calims pending.
Debtor M M K CORP.,20065444 Date Placed Oct 27, 2006
Creditor 416-373-4300 Amount Placed 1,063
Agency CANADA LEGAL REFERRAL INC
Comment Placed for Collectn
Debtor MMK CORPORATION,27160666 Date Placed Apr 26, 2006
Creditor FEDEX CANADA LTD Amount Placed 107
Agency CDN BONDED CREDITS LTD
Comment Placed for Collectn
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject is a well established distributor of bath rugs and floor coverings, as well as table linens, area rugs, window treatments, decorative cushion covers, and throws. The payment history shows the Company has been less than efficient with its payments.
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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