MIRA
INFORM REPORT
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Report Date : |
23.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TECHNOPHAR
EQUIPMENT AND SERVICE LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04/02/1988 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Manufacturer and supplier
fully automated capsule machines and process technology. |
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: TECHNOPHAR
EQUIPMENT AND SERVICE LIMITED
Address:
City: TECUMESH
State/Province:
Zip Code: N8N
4Y3
Country:
Telephone: 519
727-4114
Facsimile: 519
727-4333
Founded
(D/M/Y): 04/02/1988
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
61
Legal Form: Provincially
Chartered Corporation - Private
Website: www.technophar.com
Business Activity: The Company engages as a manufacturer
and supplier fully automated capsule
machines and
process technology.
NOTE TO CLIENT
PERSON CONTACTED:
Ms. Liliana Nita,
Controller.
--
Ms. Nita declined
the release of financial information.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 30/01/2004
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
The Company is
incorporated under the following registration:
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Legal Name: TEHCNOPHAR EQUIPMENT AND SERVICE LIMITED
Registration
Number: 001603805
Company
Jurisdiction: Domestic
Company Type: Provincially
Chartered Corporation
Place of
Jurisdiction:
Date of
Incorporation: 30-Jan-2004
Registration
Status: ACTIVE
Managers/Key
Personnel
Mr. Herman
Victorov President
Ms. Liliana
Nita Controller
AFFILIATED ENTITIES
SUBSIDIARIES OF THE
REGISTRANT
------------------------------
S.C. Romcan S.R.L. (
S.C. Micron S.R.L. (
Cancaps (
BANKS
ROYAL BANK OF
Telephone: 519
255-8658
Facsimile: 416
974-7028
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
------------------------------------------------------------------------------
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 0 369 369
334 35 0
0
Transportation Serv:
*Jun 0 672 672
539 133
0 0
Whlsl-Ind Mach Sppls:
*Jun 0 117 117
83 34 0
0
PNEUMATIC
*Jun 0 662 662
662 0 0
0
Transportation Serv:
*Jun 0 1,662 1,662
1,662 0 0
0
Whlsl-Plumbing/Heatg:
*Jun 0 16,290 21
0 21 0
0
Wholesale-Elec Equip:
*Jun 0 5,613 5,613
1,752 3,861 0
0
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2007/05/02 110 #
*Jun Jun/1997
10,000 1,463 110
110 0 0
0
Mfr-Elctrnc Compnent:
*Jun 0 547
547 138 409
0 0
Mfr-Air Conditioning:
*Jun 0 2,276 2,276
1,138 1,138 0
0
Wholesale-Elec Equip:
*Jun 0 2,054 2,054
2,017 37 0
0
Whlsl-Industrl Paper:
*Jun 0 387 387
56 179 152
0
Arrg Transp of Freig:
*May 0 50,000 8,651
7,624 375 652
0
Whlsl-Constr/Mine Eq:
*May 0 12,704
12,704 7,382 5,322
0 0
Wholesale-Elec Equip:
*May 0 32,769 32,769
10,758 8,282 13,729
0
FORD CREDIT: 999-999-9999 DLA-2007/04/17 605, Net
30 Days #
*May Jun/2004 0
25,501 6,906
6,906 0 0
0
Business Services:
*Apr 0 3,711 2,036
2,036 0 0
0
Whlsl-Ind Mach Sppls:
*Apr 0 3,781 3,781
996 2,785 0
0
Whlsl-Ind Mach Sppls:
*Apr 0 956 596
0 596 0
0
------- -------
------- ------- ------- -------
P.I. =
23 90 Days 161K
81,933 44,193 23,207
14,533 0
Reported ------- ------- ------- ------- -------
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Whlsl-Electronic Pts:
*Feb 0 10,000 488
0 488 0
0
Whlsl-Electronic Pts:
*Feb 0 747 747
0 747 0
0
Mfr-Pump &
Pumping E:
*Feb 0 790 790
790 0 0
0
GENERAL MOTORS CORP: DLA-2006/11/10 553, Net 30 Days #
*Dec Oct/2003 0
21,795 485
485 0 0
0
Mfr-Industrial Mach:
*Nov 0 54,336 54,336
23,858 4,072 4,576
21,830
Wholesale-Elec Appls:
*Nov 0 6,000 788
0 788 0
0
Trucking (APTA):
*Oct 0 1,500 352
352 0 0
0
Whlsl Ferrs Nonferrs:
*Jun 0 481 481
160 321 0
0
------- -------
------- ------- ------- -------
P.I. =
33 Total 257K
140K 69,838 29,623
19,109 21,830
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
25 27 15
76,240 26,225 48,456
1,559 0
4 Qtr/2006
18 10 16
274,118 181,327 62,591
8,370 21,830
3 Qtr/2006
19 10 16
347,010 160,842 183,583
2,342 243
2 Qtr/2006
21 14 23
286,102 125,194 153,120
7,788 0
1 Qtr/2006
18 17 16
182,744 98,483 82,582
1,679 0
4 Qtr/2005
24 21 20
235,599 99,975 115,514
20,110 0
3 Qtr/2005
15 0 24
298,453 208,843 53,072
36,538 0
2 Qtr/2005
21 4 15
188,398 100,862 76,471
10,999 0
1 Qtr/2005
22 4 20
151,866 92,787 42,557
15,903 619
FINANCIAL INFORMATION
Financial
information could not be obtained at this time.
CURRENT OPERATIONS
NAICS Code: 333298
All Other Industrial Machinery Manufacturing
SIC Code: 3559
Number of
Employees: 61
Business Activity:
The Company engages
as a manufacturer and supplier fully automated capsule machines and process
technology. The Company manufactures
hard capsule equipment, soft capsule equipment, confectionery equipment,
packaging equipment, and it provides capsule manufacturing services. It targets clients in the pharmaceutical and
health nutritional industries worldwide. The Company also manufacturers
machinery used to produce confectionery and food products.
The heading address
is the Company headquarters and sole location and serves as an administrative
office, a manufacturing plant, a warehouse, and distribution center. The property is a 28,500 square foot facility
that is owned by the Company. The property consists of a 12,000 square foot
plant and a 3,500 square foot office.
PUBLIC RECORD
A search of revealed
the following:
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Defendant TECHNOPHAR
EQUIPMENT AND SERVICE LI
Date Feb
26, 2007
Plaintiff PETRU
ANDREAS
Court General
Division
Amount 480,000
Location
Reason Employment
File # SU8705CM-0
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Defendant TECHNOPHAR
EQUIPMENT AND SERVICE LI
Date May
18, 2005
Plaintiff ROBERT
BAKSI
Court Small
Claims Co
Amount 525,000
Location
Reason Employment
File # SU4903CM-0
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Defendant TECHNOPHAR
EQUIPMENT AND SERVICE LI
Date Aug
21, 2002
Plaintiff NADER
INTERNATIONAL CORP.
Court General
Division
Amount 950,000
Location
Reason Monies
Due
File # 02CV234756
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No additional
filings, or any bankruptcy petitions were found against the firm at this time.
GENERAL COMMENTS
Technophar Equipment
And Service Limited, incorporated in 2004 in the
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%)