MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BUZZTAXI COMMUNICATIONS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1999 |
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Legal Form : |
Provincially Chartered Corporation – Private |
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Line of Business : |
Distributor of nonfiction documentaries and instructional programs for
television. |
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: BUZZTAXI COMMUNICATIONS INC.
Address:
City:
State/Province:
Zip Code: M4W 2L6
Country:
Telephone: 416-920-3800
Facsimile: 416-920-3998
Founded (D/M/Y): /
/1999
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 4
Legal Form: Provincially Chartered Corporation -
Private
Website: www.buzztaxi.com
Maj. Shareholder: Ms. Jenna Bordeau
Business Activity: The
Company is a distributor of nonfiction documentaries and instructional programs
for
television.
NOTE TO CLIENT
NOTE::LEGAL NAME: BUZZTAXI
COMMUNICATIONS INC.
ORDERED NAME: BUZZTAXI
Person Contacted: Ms. Natalie
Vinet, Co-President and Co-Owner. She
verified and updated the information presented to her.
LEGAL
Legal Form: Provincially
Chartered Corporation - Private
Since (D/M/Y): 20/10/2000
State/Province of Incorporation: ON
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company provincially chartered in
Legal Name: BUZZTAXI
COMMUNICATIONS INC.
Registration Date: 10/20/2000
Registration Number: 002000145
Jurisdiction:
Status: Active
Managers/Key
Personnel
Ms. Jenna Bordeau
Co-President
Ms. Natalie Vinet
Co-President
OWNERS
Ms. Jenna Bordeau
% Shareholder
Ms. Natalie Vinet Shareholder
The Company has no subsidiaries or affiliates.
BANKS
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
The Company declined to provide a bank name for this report.
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:
*Dec 0 1,168
1,168 566 602
0 0
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2006/11/27 27 #
*Dec Oct/2001
2,000 2,077 148
148 0 0
0
Transportation Serv:
*Jun 0
74 74 0
0 0 74
------- -------
------- ------- ------- -------
P.I. =
22 Total 3,319
1,390 714 602
0 74
Reported ------- ------- ------- ------- -------
-------
PAYMENT TRENDS
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Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
------------------------------------------------------------------------------
1 Qtr/2007
NA 22 0 0 0 0
0 0
4 Qtr/2006
17 16 2
1,316 714 602
0 0
3 Qtr/2006
0 26 1
126 126 0
0 0
2 Qtr/2006
45 21 3
1,034 960 0
0 74
1 Qtr/2006
0 16 1
657 657 0
0 0
4 Qtr/2005
0 16 1
1,018 1,018 0
0 0
3 Qtr/2005
0 16 1
1,344 1,344 0
0 0
2 Qtr/2005
0 18 2
2,036 2,036 0
0 0
1 Qtr/2005
0 18 1
261 261 0
0 0
FINANCIAL INFORMATION
Ms. Vinet declined to provide any financial statement information for
this report, citing company policy.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees:
4
Business Activity:
The Company is a distributor of nonfiction documentaries and
instructional programs for television.
The Subject obtains the distribution rights to Canadian produced
programming and sells these programs internationally.
The heading address is the sole location for the Subject. The facility consists of leased office space.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy
petitions or Uniform Commercial Codes.
GENERAL COMMENTS
The Subject, founded in 1999 in
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%)