MIRA
INFORM REPORT
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Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Printer's Parts
& Equipment |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1973 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Exporter of used
graphic arts equipment. |
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: Printer's
Parts & Equipment
Address:
City:
State/Province:
Zip Code: M1R
3E4
Country:
Telephone: 416
752-4488
Facsimile: 416
752-6786
Founded
(D/M/Y): / /1973
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
14
Legal Form: Sole
Proprietorship
Website: www.printersparts.com
Business Activity: The Company is an exporter of used
graphic arts equipment.
NOTE TO CLIENT
Person Contacted:
Mr. Sikander Kara, Owner
Mr. Kara provided
the information included in this report.
LEGAL
Legal Form: Sole
Proprietorship
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject operates
as a Sole Proprietorship established in 1973.
Managers/Key
Personnel
Mr. Sikander
Kara Owner
AFFILIATED ENTITIES
There are no
affiliates.
BANKS
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary
bank could not be learned either directly from management or from outside
sources consulted.
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: Merged accts
*Jun 0 4,049 4,049
2,754 1,295 0
0
Transportation Serv:
*Jun 0 2,230 2,230
0 2,230 0
0
Mfr-Paint, Varnishes:
*Jun 0 188 187
170 17 0
0
Transportation Serv:
*Jun 0 205 205
185 0 0
20
Trucking:
*May 0 258 258
258 0 0
0
Whlsl-Paper & Paper:
*May 0 17 17
17 0 0
0
Transportation Serv:
*Apr 0 9,611 9,611
6,669 2,942 0
0
------- -------
------- ------- ------- -------
P.I. =
13 90 Days 16,558
16,557 10,053 6,484
0 20
Reported ------- ------- ------- ------- -------
-------
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2007/03/29 241 #
*Apr Jun/2002
1,500 536 8
8 0 0
0
------- -------
------- ------- ------- -------
P.I. =
13 Total 17,094
16,565 10,061 6,484
0 20
Reported ------- ------- ------- ------- -------
-------
PAYMENT TRENDS
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Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
------------------------------------------------------------------------------
2 Qtr/2007
13 3 8
16,565 10,061 6,484
0 20
1 Qtr/2007
13 5 6
15,936 9,828 6,108
0 0
4 Qtr/2006
11 5 6
6,125 4,251 1,854
0 20
3 Qtr/2006
5 5 6
11,901 10,241 1,640
20 0
2 Qtr/2006
15 5 6
9,389 5,406 3,835
148 0
1 Qtr/2006
12 5 7
5,643 3,661 1,982
0 0
4 Qtr/2005
13 5 6
7,626 4,753 2,873
0 0
3 Qtr/2005
15 5 6
6,186 5,271 0
0 915
2 Qtr/2005
22 12 4
2,582 980 1,602
0 0
FINANCIAL INFORMATION
Management declined
all financial details. Outside sources consulted report annual sales to be in
the US$4 million range.
CURRENT OPERATIONS
NAICS Code: 333293
Printing Machinery and Equipment Manufacturing
SIC Code: 3555
Number of
Employees: 14
Business Activity:
The Company is an
exporter of used graphic arts equipment. The Subject exports used graphic arts
equipment such as:
-single to
multi-colour offset
-sheetfed and web
presses
-Paper Cutters
-Folders
-Stitchers
-and other Bindery
Equipment
The heading address
is the sole location for the business.
PUBLIC RECORD
No legal actions
were filed against the Subject.
A search of bankruptcy
courts revealed no record of a Company by this name filing for bankruptcy
GENERAL COMMENTS
The Firm is engaged
as an exporter of used graphic arts equipment. The Subject appears to be a well
established firm, operating since 1973. The payment history appears generally
satisfactory and the operating history appears to be satisfactory and no
adverse information was traced. The company is considered responsible for
normal business transactions.
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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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%)