MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ROSS VIDEO LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12/11/1996 |
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Legal Form : |
Federally
Chartered Corp. – Private |
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Line of Business : |
Engages in the
design, manufacture, distribution, and marketer of professional broadcast
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: ROSS
VIDEO LIMITED
Address:
City: IROQUOIS
State/Province:
Zip Code: K0E
1K0
Country:
Telephone: 613
652-4886
Facsimile: 613
652-4425
Founded (D/M/Y): / /1973
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
250
Legal Form: Federally
Chartered Corp. - Private
Website: www.rossvideo.com
Business Activity: The Company engages in the design, manufacture,
distribution, and marketer of
professional
broadcast products.
NOTE TO CLIENT
PERSON CONTACTED:
Mr. Joe Lalonde,
Vice President of Finance.
LEGAL
Legal Form: Federally
Chartered Corp. – Private
Since (D/M/Y): 12/11/1996
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in
--
Corporation
Name: ROSS
VIDEO LIMITED
Corporation: 3313964
BN Number: 893470575RC0001
Mailing
Address: 8 JOHN STREET P.O. BOX 220
City: IROQUOIS
Province:
Postal Code: K0E1K0
Country:
Registered
Office: 8
JOHN STREET P.O. BOX 220
City: IROQUOIS
Province:
Postal Code: K0E1K0
Country:
Registration
Date: 12-Nov-1996
Jurisdiction:
Current Status: Active
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The Company is
qualified to do business in
--
Legal Name: ROSS VIDEO LIMITED
Registration
Number: 001197695
Company
Jurisdiction: Foreign
Company Type: Federally
Chartered Corporation
Place of
Jurisdiction:
Date of
Qualification: 01-Nov-1996
Registration
Status: ACTIVE
Managers/Key
Personnel
Mr. David A.
Ross Managing Director
Ms. Diane E.
Robertson Director
Mr. Joe Lalonde Vice President - Finance
Ms. Pat Morrell Accounts Manager
AFFILIATED ENTITIES
Ross Video
Incorporated
BANKS
ROYAL BANK OF
Telephone: 613
564-4308
Facsimile: 416
974-9797
Account Number:
Account Manager:
The bank listed
above is the primary bank of use for the Subject. A request for account information has been
forwarded to the bank. However, a signed authorization could not be obtained
from management and account details may not be available as a result.
PAYMENT HISTORY
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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:
*May 0 4,655 4,655
4,611 0 0
44
Transportation Serv:
*May 0 82 82
82 0 0
0
Mfr-Elctrnc Compnent:
*May 0 3,661
3,661 969 2,692
0 0
HONDA CANADA FINANCE: 416-754-2323 DLA-2007/04/13 602, Net 30
Days #
*May Nov/2005 0 42,729 34,120
34,120 0 0
0
Air Transport:
*May 0 194
194 0 194
0 0
Mfr-Bolt,Screw,Rivet:
*May 0 617 617
481 136 0
0
Trucking:
*May 0 1,478 1,478
984 494 0
0
Whlsl-Electronic Pts:
*May 0 163K 163K
21,971 114K 27,004
0
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2007/03/28 319 #
*May Jan/1997
5,000 4,425 4,157
319 3,838 0
0
Retail-Establishment: Merged accts
*Apr 0 10,000 5,540
5,540 0 0
0
Whlsl-Ind Mach Sppls:
*Apr 0 448 448
448 0 0
0
Business Services:
*Mar 0 4,015 4,015
4,015 0 0
0
------- -------
------- ------- ------- -------
P.I. =
31 90 Days 236K
222K 73,540 122K
27,004 44
Reported ------- ------- ------- ------- -------
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Mfr-Machine Tool:
*Feb 0 175 175
0 175 0
0
Wholesale-Elec Equip:
*Feb 0 2,135 153
18 135 0
0
ROYAL BANK VISA: DLA-2006/05/08 44, Merged accts #
*Jun Aug/1999
70,000 53,836 635
635 0 0
0
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------- ------- ------- -------
P.I. =
31 Total 292K
223K 74,193 122K
27,004 44
Reported ------- ------- ------- ------- -------
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Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
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1 Qtr/2007
33 8 12
213,426 69,722 116,214
27,004 486
4 Qtr/2006
7 3 11
51,659 48,507 3,152
0 0
3 Qtr/2006
16 11 9
89,794 68,621 20,714
0 459
2 Qtr/2006
31 5 14
178,124 71,671 84,427
22,009 17
1 Qtr/2006
63 13 13
101,112 85,072 7,627
126 8,287
4 Qtr/2005
62 13 12
96,003 86,724 763
229 8,287
3 Qtr/2005
60 13 11
79,444 70,600 479
78 8,287
2 Qtr/2005
4 3 10
142,489 140,594 1,895
0 0
1 Qtr/2005
85 13 11
132,966 79,317 2,495
0 51,154
FINANCIAL INFORMATION
The Subject reports
annual sales for the fiscal year 2006 in the 30-50 million CAD range. It projects that annual sales for the fiscal
year 2007 will close in the same range. The Company anticipates a growth of
12%-20% for the fiscal year of 2007. It
is operating at a profit.
CURRENT OPERATIONS
NAICS Code: 33431
Audio and Video Equipment Manufacturing
SIC Code: 3651
Number of
Employees: 250
Business Activity:
The Company engages
in the design, manufacture, distribution, and marketer of professional
broadcast products. The Company specializes in products such as production
switchers, terminal equipment, production control and routing systems, and
video servers. It targets the digital
and analog broadcasting industry in
The heading address
is the Company headquarters and serves as an administrative office. The Company operates an additional office at
the location listed below.
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MAILING ADDRESS
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Iroquois, ON
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ADDITIONAL LOCATIONS
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Tel: (613) 228-0688
Fax: (613) 228-0464
PUBLIC RECORD
A search failed to
reveal any legal proceedings or bankruptcy petitions at this time.
GENERAL COMMENTS
Ross Video Limited, federally
incorporated in 1996 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%)