MIRA
INFORM REPORT
|
Report Date : |
04.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
STEEL LINK
CORPORATION |
|
|
|
|
Registered Office : |
987 Pine Valley
Cir, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03/09/1998 |
|
|
|
|
Legal Form : |
Corporation –
Private |
|
|
|
|
Line of Business : |
Distributor of steel,
aluminum and other metals. |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: STEEL
LINK CORPORATION
Address: 987
PINE VALLEY CIR
City:
State/Province:
Zip Code: L5W
1Z2
Country:
Telephone: 905
795-9067
Facsimile: 905
272-3051
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Corporation
- Private
Website: No
Website
Business Activity: The Subject is a distributor of steel, aluminum
and other metals.
NOTE TO CLIENT
Mr. Sikander
Jessani, President, Provided information in this report.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 03/09/1998
State/Province of
Incorporation: ON
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Name: Steel Link Corporation
Reg #: 001313523
Reg date: 9/3/1998
Status: Active
Jurisdiction:
Managers/Key
Personnel
Mr. Sikander Jessani President
AFFILIATED ENTITIES
There are no
affiliated businesses.
BANKS
ON
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank details could
not be learned at this time.
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
------------------------------------------------------------------------------
HONDA CANADA FINANCE: 416-754-2323 DLA-2006/12/28 705, Net 30
Days #
*Apr May/2005 0 49,700 38,437
38,437 0 0
0
------- -------
------- ------- ------- -------
P.I. = NA 90 Days 49,700
38,437 38,437 0
0 0
Reported ------- ------- ------- ------- -------
-------
------- -------
------- ------- ------- -------
P.I. = NA Total 49,700
38,437 38,437 0
0 0
Reported ------- ------- ------- ------- -------
-------
Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
------------------------------------------------------------------------------
1 Qtr/2007
0 14 1
40,173 40,173 0
0 0
4 Qtr/2006
0 14 1
39,018 39,018 0
0 0
3 Qtr/2006
0 14 1
40,749 40,749 0
0 0
2 Qtr/2006
0 14 1
43,030 43,030 0
0 0
1 Qtr/2006
0 14 1
44,722 44,722 0
0 0
4 Qtr/2005
0 14 1
46,952 46,952 0
0 0
3 Qtr/2005
0 14 1
55,109 55,109 0
0 0
2 Qtr/2005
NA 14 0 0 0
0 0
0
1 Qtr/2005
NA 14 0 0 0 0
0 0
FINANCIAL INFORMATION
Mr. Jessani did not
provide any financial information. Outside sources estimate sales to be under
$1 million Canadian Dollars, however this could not be confirmed.
CURRENT OPERATIONS
NAICS Code: 42151
SIC Code: 5051
Number of
Employees: 5
Business Activity:
The Subject is a distributor
of steel, aluminum and other metals.
There are no branch
locations at this time.
PUBLIC RECORD
There were no
filings found against the Company.
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject was
registered in 1998. The payment history of the Company is brief but
satisfactory, the operating record is clear. No derogatory information was
reported or noted. The Company appears capable of good trade relations.
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%)