MIRA INFORM REPORT

 

 

Report Date :

05.11.2007

 

IDENTIFICATION DETAILS

 

Name :

IMPERIAL TRADING CORPORATION

 

 

Registered Office :

426 Weldrick Rd E Richmond Hill, On L4B2M5

 

 

Country :

Canada

 

 

Date of Incorporation :

12 / 2003

 

 

Com. Reg. No.:

0063986607

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow by 33 days

 

 

Litigation :

Clear

 

 

 

company Information

 

 

IMPERIAL TRADING CORPORATION
426 WELDRICK RD E
RICHMOND HILL, ON L4B2M5
(905) 508-6886

File Number:

0063986607

Subject Number:

UH1082

File Established:

12/2003

 

Executive Summary

 

 

Composite Index and Trend

 

90

60

30

22
Above average risk

 

 


16

 


16

 


16

 


16

 


16

 


16

 


16

 


21

 


29

 

0

 

3Q05

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 


Composite Index Risk Indicators:

0-9:

Lowest risk

31-40:

High risk

10-20:

Average risk

41-69:

Highest risk

21-30:

Above average risk

70:

Bankruptcy reported

Payment Index and Trend

 

90

60

30

33
33 days past due

 

 


15

 


5

 


N/A

 


N/A

 


N/A

 


N/A

 


N/A

 


33

 


33

 

0

 

3Q05

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Legal and Derogatory Items

Bankruptcy filings:

0

Most recent

N/A

Judgments:

0

Amount

N/A

Most recent

N/A

Suits:

0

Amount

N/A

Most recent

N/A

Collection claims:

0

Amount

N/A

Most recent

N/A

Returned checks:

0

Amount

N/A

Most recent

N/A

 

Credit Information

Number of lines:

Financial

0

Trade

2

Total balance:

Financial

$0

Trade

$9,746

High credit limit:

Financial

$0

Trade

$9,746

Average balance:

Financial

0

Trade

$4,873

Inquiries:

13

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Payment Information

 

 

Quarterly Payment Trends

Quarters

Composite
Index

Payment
Index

Total
Trade
Lines

Total
Balance

Current

30

60

90

Q3 - 2007

29

33

1

$27,430

 

0%

 

100%

 

0%

 

0%

 

Q2 - 2007

21

33

1

$27,430

 

0%

 

100%

 

0%

 

0%

 

Q1 - 2007

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q4 - 2006

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q3 - 2006

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q2 - 2006

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q1 - 2006

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q4 - 2005

16

5

2

$792

 

95%

 

0%

 

0%

 

5%

 

Q3 - 2005

16

15

2

$9,893

 

54%

 

45%

 

0%

 

0%

 

Q2 - 2005

N/A

N/A

2

$23,204

 

87%

 

13%

 

0%

 

0%

 

 

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Trade Payment Experiences

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Whlsl Ferrs Nonferrs Metal

Oct 2007

$9,661

 

$9,661

 

$9,661

 

$0

 

$0

 

$0

 

 

Transportation Serv

Oct 2007

$85

 

$85

 

$85

 

$0

 

$0

 

$0

 

 

 

Total

 

$9,746

 

$9,746

 

$9,746

 

$0

 

$0

 

$0

 

 

 

# - Indicates Long Term Secured Debit, which is NOT included in the PI and CI calculation.

 

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Banking Information

 

 

Bank Relationships

This bank report was obtained on: Apr 24, 2007

Bank Name:

THE BANK OF NOVA SCOTIA
392 BAY STREET

Address:

392 BAY STREET
TORONTO, ON M5H3K5
Branch: 002, Transit: 34272

Reference:

FERNANDO
Phone: (416) 866-4621
Fax: (416) 866-7019

Account Type(s):

Current account

Account Opened:

Dec ,

Account Balance:

High 5 figures

Returned Checks:

None

Line of Credit Details

Credit Line Type(s):

Line of credit

Line of Credit Date:

Not available

Line of Credit Authorized:

Low 6 figures

Rating on Line of Credit:

Not available

Secured? By What?:

Unsecured

Signing Officer(s):

Y. PIRACHA

This bank report was obtained on: Apr 24, 2007

Bank Name:

HSBC BANK CANADA
MARKHAM GATEWAY CENTRE

Address:

3601 HWY 7 E SUITE 108 HSBC TOWER
MARKHAM, ON L3R0M3
Branch: 016, Transit: 10482

Reference:

TIM
Phone: (905) 475-3777
Fax: (905) 475-5957

 

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Company Background Information

 

 

Other Names or Addresses

Multiple names and/or addresses have been reported for this business. Validations are listed below. Regardless of which address you've chosen to pull this report for, the information is identical.

IMPERIAL TRADING CORPORATION, 426 WELDRICK RD E, RICHMOND HILL, ON L4B2M5

IMPERIAL TRADING CORP, 9030 LESLIE ST SUITE 218, RICHMOND HILL, ON L4B1G2

IMPERIAL TRADING CORPORATION, 426 WELDRICK RD E, RICHMOND HILL, ON L4B2M5

IMPERIAL TRADING CORPORATION, 426 WELDRICK RD E, RICHMOND HILL, ON L4B2M5

 

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Inquiries

 

 

Inquiries

Inquiry Date

Inquirer's Name/Industry

 

 

 

 

 

 

 

Oct 24, 2007

ICICI BANK

 

 

 

 

 

 

 

May 14, 2007

SCOTIA BANK

 

 

 

 

 

 

 

May 03, 2007

Whlsl Ferrs Nonferrs Metal

 

 

 

 

 

 

 

May 03, 2007

Whlsl Ferrs Nonferrs Metal

 

 

 

 

 

 

 

May 01, 2007

Whlsl Ferrs Nonferrs Metal

 

 

 

 

 

 

 

May 01, 2007

Whlsl Ferrs Nonferrs Metal

 

 

 

 

 

 

 

Apr 30, 2007

AGC INCORPORATED

 

 

 

 

 

 

 

Mar 07, 2007

BMW GROUP FIN SERV

 

 

 

 

 

 

 

Sep 08, 2006

Business Services

 

 

 

 

 

 

 

Jul 19, 2006

SCOTIA BANK

 

 

 

 

 

 

 

Apr 27, 2006

Trucking

 

 

 

 

 

 

 

Feb 15, 2006

Transportation Serv

 

 

 

 

 

 

 

Nov 21, 2005

Services-Non Profit

 

 

 

 

 

 

 

 

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Composite Index Calculation

 

 

Composite Index Factor Table

The Composite Index for THIS BUSINESS was determined based on the following:

SCORE

1. Active in credit database for 3 years

6

2. Current Payment Index is 0

0

3. Number of supplier references on file is 2

8

4. On Sep 30, 2007 the Payment Index was 33 points higher than Sep 30, 2006

8

5. Number of derogatory items on file in the past 2 years is 0

0

6. The most recent derogatory item was recorded 0 months ago

0

7. Derogatory item amounts as a % of dollars owed suppliers is 0%

0

TOTAL Current Composite Index ->

22

 

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Composite Index Risk Indicators

Composite Index

Risk Indicator

Composite Index

Risk Indicator

0-9

Lowest risk

31-40

High risk

10-20

Average risk

41-69

Highest risk

21-30

Above average risk

70

Bankruptcy reported


 

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.

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions