MIRA
INFORM REPORT
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Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
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Name : |
NORTHWIND
DISTRIBUTORS LTD. |
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Registered Office : |
Unit A |
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Country : |
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Date of Incorporation : |
20/07/2004 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Distributor of
natural stone 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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: NORTHWIND
DISTRIBUTORS LTD.
Trade Name(s):
Address: UNIT
A
City:
State/Province:
Zip Code: VIM
3J9
Country:
Telephone: 604
513 5761
Facsimile: 604
513 5762
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
3
Legal Form: Provincially
Chartered Corporation - Private
Website: N/A
Business Activity: The Company is a distributor of natural
stone products.
NOTE TO CLIENT
Person Contacted:
Ms. Lori Magnus, Office Manager
Management provided
information and agreed to accept a written request for the Vice President, Mr.
Trace Heppner. He will return from vacation August 8, 2007. If pertinent
information is returned, the report will be amended.
The legal name of
the Company is Northwind Distributors Ltd. There is no space between North and
Wind.
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LEGAL
Legal Form: Provincially Chartered
Corporation – Private
Since (D/M/Y): 20/07/2004
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Incorporation Date: 07/20/2004
Number: BC0700190
Name: NORTHWIND
DISTRIBUTORS LTD.
Type: BC
Company
Business
Number: 854333077BC0001
Registered Office:
Managers/Key
Personnel
Mr. Kenny Koch President
Mr. Trace
Heppner Vice President
Mrs. Lori Magnus Office Manager
As far as can be
determined, no subsidiaries exist.
Other Affiliates
Reiko Enterprises,
Ltd.
BANKS
TD Canada Trust
Telephone: 866 222
3456
Facsimile: N/A
Account Number:
Account Manager:
The account number
was declined by management. An account number is required in order to obtain
financial information.
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
------------------------------------------------------------------------------
Arrg Transp of Freig:
*Jul 0 3,872 3,872
88 3,779 0
5
------- -------
------- ------- ------- -------
P.I. =
33 90 Days 3,872
3,872 88 3,779
0 5
Reported ------- ------- ------- ------- -------
-------
Transportation Serv:
*Apr 0 1,872 1,872
1,872 0 0
0
------- -------
------- ------- ------- -------
P.I. =
22 Total 5,744
5,744 1,960 3,779
0 5
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/2007
34 29 2
9,569 1,899 5,543
2,127 0
1 Qtr/2007
66 32 2
36,241 3,614 9,743
7,128 15,756
4 Qtr/2006
15 26 1
4,190 2,282 1,908
0 0
3 Qtr/2006
33 31 1
625 0 625
0 0
2 Qtr/2006
67 28 1
465 0 0
465 0
1 Qtr/2006
NA 20 0 0 0 0
0 0
4 Qtr/2005
NA 20 0 0 0 0
0 0
3 Qtr/2005
NA 20 0
0 0 0
0 0
2 Qtr/2005
33 25 1
616 0 616
0 0
FINANCIAL INFORMATION
Financial details
could not be obtained either directly from the Subject or from outside sources
consulted.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Number of
Employees: 3
Business Activity:
The Company is a
distributor of natural stone products.
The Company
specializes in countertops made of slate, quartzite, marble, granite and
limestone.
The above address is
the sole location for Northwind Disributors Ltd. consisting of office and
warehouse space.
PUBLIC RECORD
No legal issues,
liens or bankruptcies were found in the name of the Company.
GENERAL COMMENTS
The Company
incorporated in 2004, as a distributor of natural stone products. They have a
limited payment record and no derogatory information could be found about the
Company.
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%)