MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MEGATEL INFORMATION SYSTEMS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18/03/1995 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
Engaged as a distributor of industrial machine tools and CNC machinery 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: MEGATEL
INFORMATION SYSTEMS INC.
Address:
City:
State/Province:
Zip Code: H4T
1A5
Country:
Telephone: 514-333-0717
Facsimile: 514-333-1032
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Provincially
Chartered Corporation - Private
Website: www.megatel-inc.com
Business Activity: The Subject is engaged as a distributor
of industrial machine tools and CNC machinery
products.
NOTE TO CLIENT
NOTE:
Several messages were left for the Company but we received no response to our
inquiries nor to a written request for general information sent via fax to the
Company. As such, information in this report cannot be confirmed. However,
should we receive additional information at a later time, this report will be
updated accordingly.
NOTE: Number of employees
could not be ascertained via Management or all outside sources consulted.
LEGAL
Legal Form: Provincially Chartered
Corporation – Private
Since (D/M/Y): 18/03/1995
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
MEGATEL INFORMATION
SYSTEMS INC.
Corp. Number: 1143829662
Filed: 1995-03-18
Status: Active
Address:
3930, RUE
Managers/Key
Personnel
Mr. Moise Hasroung President
Mr. Marc Haroung Vice Pres. & Chief Financial Officer
AFFILIATED ENTITIES
The Company's website
reports no affiliates or subsidiaries.
BANKS
TD Canada Trust
PQ
Telephone:
Facsimile:
Account Number:
Account Manager:
The above bank requires a
signed authorization from the Company which we could not obtain.
PAYMENT HISTORY
TRADE ITEMS
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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
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Transportation Serv:
*May 0 17 17 1 0 16 0
------- ------- ------- ------- ------- -------
P.I. = 63 90 Days 17 17 1 0 16 0
Reported ------- ------- ------- ------- ------- -------
Wholesale-Hardware:
*Mar 0 47,248 11,662 7,954 3,708 0 0
Transportation Serv:
*Mar 0 598 598 598 0 0 0
Publisher-Newspaper:
*Jan 0 3,390 3,390 375 375 375 2,265
DE LAGE LANDEN FIN: 905-465-3160
*Dec 0 16,872 1,051 1,005 0 0 46
Whlsl-Ind Mach Sppls:
*Nov 0 72 72 31 41 0 0
Trucking (APTA):
*Oct 0 2,500 1,208 1,044 69 95 0
Whlsl-Electronic Pts:
*May 0 128 128 128 0 0 0
------- ------- ------- ------- ------- -------
P.I. = 23 Total 70,825 18,126 11,136 4,193 486 2,311
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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1 Qtr/2007 25 31 3 15,650 8,927 4,083 375 2,265
4 Qtr/2006 6 8 3 2,331 2,080 110 95 46
3 Qtr/2006 34 18 4 4,570 2,574 445 414 1,137
2 Qtr/2006 27 9 6 1,846 744 723 379 0
1 Qtr/2006 0 10 1 3,963 3,963 0 0 0
4 Qtr/2005 NA 18 0 0 0 0 0 0
3 Qtr/2005 33 15 1 740 0 740 0 0
2 Qtr/2005 0 8 2 13,733 13,733 0 0 0
1 Qtr/2005 32 21 2 5,100 525 4,316 259 0
FINANCIAL INFORMATION
We could not obtain any
financial information and outside sources
provided no insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 3332
Industrial Machinery Manufacturing
Business Activity:
The Subject is engaged as
a distributor of industrial machine tools
and CNC machinery products.
The headquarters are at the
heading address. The Company's website reports an additional office in
PUBLIC RECORD
A Nationwide search of
public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or
bankruptcy filings under the Subject's
name.
GENERAL COMMENTS
An
established Company, the Subject is engaged as a distributor of industrial machine tools and CNC machinery products.
Payment records are considered to be
generally satisfactory and a search of public records and bankruptcy
courts returned no derogatory
information or record of the Company filing a bankruptcy petition.
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%)