MIRA
INFORM REPORT
|
Report Date : |
6th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
PSI PERIPHERAL SOLUTIONS INC |
|
|
|
|
Registered Office : |
3535 Laird Road, Mississauga, Ontario L5L 5Z4, Canada. |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
02.02.1989 |
|
|
|
|
Legal Form : |
Provincially Chartered Corporation - Private |
|
|
|
|
Line of Business : |
Designs and Manufacturers high speed material handling automation
equipment, production laser printers as well as packaging and dispensing
machinery. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : PSI PERIPHERAL SOLUTIONS INC.
Trade Name(s) : PSI Engineering
Address : 3535 LAIRD ROAD
City : MISSISSAUGA
State/Province : ONTARIO
Zip Code : L5L 5Z4
Country : CANADA
Telephone : 905-858-3600
Facsimile : 905-858-3615
Legal Form : Provincially Chartered Corporation - Private
Website : www.printpsi.com
@rating Opinion : X Companies with an element of weakness.
Business Activity : The Subject designs and manufacturers high speed material handling automation
equipment, production laser printers as well as packaging and dispensing machinery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 20
NOTE TO CLIENT
Provided name : PERIPHERAL SOLUTIONS INC.
Correct legal name : PSI PERIPHERAL SOLUTIONS INC.
Contacted person; Ms. Valerie Keefe, Assistant Chief Financial Officer.
Ms. Keefe provided and confirmed general business information about the Company. She declined to provide financial details over the phone. We sent a fax requesting financial information for this report. If we receive a response, an update will be provided.
Amount Requested : 75,000
The amounts requested and advised are expressed in : EUR
LEGAL
Legal Form : Provincially Chartered Corporation – Private
Since (D/M/Y) : 02/02/1989
State/Province of Incorporation : Ontario, C
Status : ACTIVE
Previous Legal Form : None
Company is NOT required to publish an annual financial report.
The Subject is provincially registered in Ontario, Canada.
Entity name : PSI PERIPHERAL SOLUTIONS INC.
Status : ACTIVE
Incorporation date : February 2nd, 1989.
Registration number : 000817920
Managers/Key Personnel
Mr. John Panuto President
AFFILIATED ENTITIES
The Company has no affiliates or subsidiaries.
BANKS
LAURENTIAN BANK OF CANADA
ON
Telephone : 905 564-8576
Facsimile : 514 284-2758
Account Number :
Account Manager : Ms. Junin Ido
We attempted to reach the contact person.
However, her voicemailbox was full. We also sent a written request. If we receive a response, an update will be provided.
PAYMENT HISTORY
TRADE ITEMS
------------------------------------------------------------------------------
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
*Feb 0
84 84 20
17 47 0
Business Services:
*Jan 0
8,544 8,544 0
3,615 4,929 0
Transportation Serv:
*Dec 0
9,920 9,920 2,101
1,081 2,354 4,384
-------
------- ------- ------- ------- -------
P.I. =
59 90 Days 18,548
18,548 2,121 4,713
7,330 4,384
Reported ------- ------- ------- ------- -------
-------
Mfr-Electroplating P:
*Nov 0
688 688 0
408 280 0
Mfr-Machine Tool:
*Sep 0
7,156 7,156 0
581 3,287 3,288
Mfr-Pump & Pumping E:
*Jun 0
51 51 0
51 0 0
Whlsl-Durable Goods:
*Jun 0 6,000 1,937 0 0
0 1,937
-------
------- ------- ------- ------- -------
P.I. =
66 Total 32,443
28,380 2,121 5,753
10,897 9,609
Reported ------- ------- ------- ------- -------
-------
PAYMENT TRENDS
------------------------------------------------------------------------------
Payment C.I. Number of
Total Current Overdue
Quarters Index
Score Suppliers Owing
$ 1st 2nd
3rd
------------------------------------------------------------------------------
4 Qtr/2006
66 33 3
13,597 2,148 1,888
3,469 6,092
3 Qtr/2006
55 18 3
13,568 1,991 3,972
4,317 3,288
2 Qtr/2006
38 18 4
7,267 2,918 2,412 0 1,937
1 Qtr/2006
61 38 2
4,038 0 1,238
2,246 554
4 Qtr/2005
60 32 4
14,267 3,744 2,152
1,515 6,856
3 Qtr/2005
44 23 4
8,177 2,878 1,388
2,368 1,543
2 Qtr/2005
56 40 3
9,001 3,622 1,289
603 3,487
1 Qtr/2005
73 36 2
5,811 2,731 309 0 2,771
4 Qtr/2004
3 28 3
3,103 2,815 288 0 0
FINANCIAL INFORMATION
We sent a fax requesting financial information for this report. If we receive a response, an update will be provided.
CURRENT OPERATIONS
NAICS Code : 33 Mfg- Metals, Machinery, Appliances, Furniture, Equ
Number of Employees : 20
Business Activity
The Subject designs and manufacturers high speed material handling automation equipment, production laser printers as well as packaging and dispensing machinery.
Their products are used by direct mail, manufacturing, distribution, packaging and order fulfillment industries.
The heading address is the headquarters and sole location of the Subject.
PUBLIC RECORD
Below is a civil filling and NSF against the Company.
Debtor PSI PERIPHERAL SOLUTIONS,31194949 Date Placed Feb 23, 2007
Creditor FEDEX CANADA LTD - R/O STN Amount Placed 51
Agency CDN BONDED CREDITS LTD
Comment Placed for Collectn
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject is a well established designer and manufacturer of high speed material handling automation equipment, production laser printers as well as packaging and dispensing machinery. However, the payment history shows the Company has been less than efficient with its payments.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)