MIRA
INFORM REPORT
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Report Date : |
04.05.2007 |
IDENTIFICATION DETAILS
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Name : |
QUEST PLASTICS
LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29/03/1979 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Manufacturer of
plastic products for the home and garden industry. |
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: QUEST
PLASTICS LIMITED
Address:
City:
State/Province:
Zip Code: L5A
4A8
Country:
Telephone: 905
270-4438
Facsimile: 905
270-1413
Founded
(D/M/Y): / /1979
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 45
Legal Form: Provincially
Chartered Corporation - Private
Website: www.questplastics.ca
Business Activity: The Company is a manufacturer of
plastic products for the home and garden industry.
NOTE TO CLIENT
Mr. David Webb,
Chief Executive Officer, declined to provide information regarding the Company.
Thus, general information contained in this report cannot be substantiated.
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 29/03/1979
State/Province of
Incorporation: ON
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
registered in
QUEST PLASTICS
LIMITED
Corp. Number:
0000411844
Filed: 3/29/1979
Status: Active
Managers/Key
Personnel
Mr. David Webb Chief Executive
Officer
AFFILIATED ENTITIES
The Company's
website does not report any affiliates or subsidiaries.
BANKS
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide any bank information.
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
------------------------------------------------------------------------------
Trucking:
*Apr 0 169 169
169 0 0
0
Trucking:
*Apr 0 1,240
1,240 1,240 0
0 0
WASTE MANAGEMENT: 905-595-3330
*Apr 0 4,822 4,822
1,481 1,874 1,467
0
Business Services:
*Apr 0 4,571 3,696
3,696 0 0
0
Transportation Serv:
*Mar 0 31 31
31 0 0
0
------- -------
------- ------- ------- -------
P.I. =
16 90 Days 10,833
9,958 6,617 1,874
1,467 0
Reported ------- ------- ------- ------- -------
-------
Transportation Serv:
*Dec 0 461 461
46 415 0
0
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2006/10/31 179 #
*Dec Jul/1997
1,500 332 179
179 0 0
0
Whlsl-Ind Mach Sppls:
*Nov 0 451 451
451 0 0
0
Business Services:
*May 0 50,000
5,596 0 5,596
0 0
Whlsl-Ind Mach Sppls:
*Apr 0 573 572
572 0 0
0
------- -------
------- ------- ------- -------
P.I. =
21 Total 62,650
17,217 7,865 7,885
1,467 0
Reported ------- ------- ------- ------- -------
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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
14 8 3
3,572 2,105 1,467
0 0
4 Qtr/2006
14 9 5
4,497 2,716 1,781
0 0
3 Qtr/2006
11 16 3
3,101 2,244 857
0 0
2 Qtr/2006
33 16 6
9,847 1,703 6,784
1,360 0
1 Qtr/2006
37 14 6
5,320 2,081 1,473
990 776
4 Qtr/2005
16 5 5
3,194 1,685 1,509
0 0
3 Qtr/2005
3 5 8
8,749 7,905 844
0 0
2 Qtr/2005
12 3 8
27,007 17,370 9,637
0 0
1 Qtr/2005
23 9 6
6,154 1,999 4,155
0 0
FINANCIAL INFORMATION
Management declined
to provide any financial information and outside sources could not provide any
insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 326199
All Other Plastics Product Manufacturing
SIC Code: 3089
Number of
Employees: 45
Business Activity:
The Company is a
manufacturer of plastic products for the home and garden industry. Products include netting, fencing, burlap,
tree wrap, garden stakes, rose collars, gutter guards, landscape fabric, rain
drains, drop sheets, tree guards, greenhouse tunnels, and greenhouse films.
Distribution is
throughout the
The headquarters is
at the above-noted address. The Company's website does not report any branch
locations nor divisions.
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
A well-established
Company, the Subject is engaged as a manufacturer of plastic products for the
home and garden industry. 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%)