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MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SRB TECHNOLOGIES(CANADA) INC |
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Registered Office : |
320 140 Boundary Road, Pembroke ON K8A 6WS, |
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Country : |
Canada |
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Date of Incorporation : |
01.10.2002 |
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Legal Form : |
Provincially Chartered Corporation - Private |
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Line of Business : |
The Company manufactures and distributes the Betalight, as well as
Tritium Exit & Safety signs. |
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 |
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IDENTIFICATION & EXECUTIVE
SUMMARY
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Company Name: |
SRB TECHNOLOGIES (CANADA), INC. |
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Trade Name: |
SRBT |
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Address: |
320-140 BOUNDARY ROAD |
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City: |
PEMBROKE |
Founded (D/M/Y): |
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State/Province: |
ON |
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Zip Code: |
K8A 6W5 |
Sales / Revenue: |
- |
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Country: |
CANADA |
Net Income: |
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Telephone: |
(613) 732-0055 |
Total Equity: |
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Facsimile: |
(613) 732-0056 |
Number of Employees: |
15 |
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URL |
www.betalight.com |
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Legal Form: |
Provincially Chartered Corporation - Private |
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Shareholder: |
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Business Activity: |
The Company manufactures and distributes the Betalight, as well as
Tritium Exit & Safety signs. |
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NOTE TO CLIENT
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Mr. Peter Dorda, Accounts Manager, provided the following information |
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in this report. |
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IMPERATIVES
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Please be advised that per Mr. Dorda, the Company is currently in the
process of |
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obtaining a nuclear license which the Subject needs in order to
produce a |
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specific type of safety sign that contains nuclear substances. As
such, since |
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the Company is limited in its production capabilities, they are also
limited in |
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their ability to accumulate revenue and profits. As a result,
Management |
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indicated that currently, the Company is not profitable. At the
moment, they are |
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generating some revenue through purchasing products from their
competitors and |
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reselling them to their customers. |
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LEGAL
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Legal Form: |
Provincially Chartered Corporation - Private |
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Incorporation State |
ON |
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Status: |
ACTIVE |
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Since (D/M/Y): |
01/10/2002 |
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The company is NOT required to publish an annual financial report. |
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ONTARIO CORPORATE REGISTRY: |
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Name: SRB TECHNOLOGIES (CANADA), INC. |
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File Number: 001544137 |
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Date: 10/1/2002 |
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Status: Active |
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MANAGERS / KEY PERSONNEL
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Mr. Stephane Levesque |
President |
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Ms. Natalie Bellou |
Manager |
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Mr. Peter Dorda |
Accounts Manager |
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Mr. Ross Fitzpatrick |
Supervising Director |
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AFFILIATED COMPANIES
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The Company has the following affiliate: |
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SRB TECHNOLOGIES Inc. |
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PO Box 25267 |
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Winston-Salem, NC |
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27114-5267 |
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Tel: (336) 659-2610 |
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Fax: (336) 768-7720 |
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BANKS
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TD Canada Trust |
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State/Province: |
ON |
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Country: |
CANADA |
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Telephone: |
613-732-2847 /
Ext. 250 |
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Facsimile: |
613-732-2884 |
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Account Manager: |
Ms. Marie
Denoble Evans |
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Bank rating: |
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Account Number: |
04070309241 /
CD: 34002 |
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Open Since (D/M/Y): |
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Credit Facility: |
- |
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Overdraft Limit: |
- |
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Outstanding Amount: |
- |
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Bank Loans: |
- |
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Returned Checks: |
- |
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Average Account Balance: |
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A written request for bank details has been faxed to the above bank.
We await a response to our inquiry as of this writing. |
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PAYMENT HISTORY
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TRADE ITEMS |
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------------------------------------------------------------------------------ |
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Supplier's Name/Industry Terms Amount/Pay Habits/Comments |
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Rptd Open Credit Credit High Total Current Past Due/Pay Period |
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Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd |
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------------------------------------------------------------------------------ |
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Transportation Serv: |
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*Oct 0 1,034 1,034 531 503 0 0 |
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CITI CARDS CANADA: 800-233-8619 DLA-2007/07/17 # |
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*Oct Sep/1997 2,000 1,629 8 0 8 0 0 |
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VW CR: 514-332-4333 DLA-2007/08/29 519, Net 30 Days # |
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*Sep Jun/2005 0 24,914 10,900 10,900 0 0 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 16 90 Days 27,577 11,942 11,431 511 0 0 |
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Reported ------- ------- ------- ------- ------- ------- |
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Wholesale-Chemicals: |
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*Apr 0 20,139 20,139 7,901 12,238 0 0 |
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Transportation Serv: |
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*Nov 0 120 120 0 0 5 115 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 21 Total 47,836 32,201 19,332 12,749 5 115 |
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Reported ------- ------- ------- ------- ------- ------- |
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PAYMENT TRENDS |
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Payment C.I. Number of Total Current Overdue |
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Quarters Index Score Suppliers Owing $ 1st 2nd 3rd |
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------------------------------------------------------------------------------ |
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3 Qtr/2007 10 10 3 12,600 12,114 486 0 0 |
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2 Qtr/2007 20 8
4 42,303 24,240 18,063 0 0 |
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1 Qtr/2007 0 20
2 14,632 14,632 0
0 0 |
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4 Qtr/2006 21 17 3 9,991 4,130 5,741 5 115 |
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3 Qtr/2006 15 20 6 43,450 32,255 10,913 282 0 |
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2 Qtr/2006 59 29 4 28,953 19,405 1,202
8,346 0 |
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1 Qtr/2006 18 22 4 35,841 27,913 7,896
32 0 |
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4 Qtr/2005 49 23 5 43,378 26,663 7,186 5,460 4,069 |
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3 Qtr/2005 17 20 5 30,595 17,088 12,387 1,120 0 |
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FINANCIAL INFORMATION
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Management declined to provide any financial information and outside |
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sources could not provide any insight into the financial condition of |
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the Subject. |
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Please note that as a privately-held company, the Subject is not |
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required to disclose financial statements for public review. |
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CURRENT OPERATIONS
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SIC Code: |
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NAICS Code: |
3351 |
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Electric Lighting Equipment Manufacturing |
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Number of Employees: |
15 |
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Business Activity: |
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The Company manufactures and distributes the Betalight, as well as |
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Tritium Exit & Safety signs. |
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The Betalight is an innovative self luminous light source used as an
alternative |
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to conventional electrical lighting products for safe, continuous,
well |
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illuminated emergency lighting. It is entirely self-powered, does not
contained |
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wiring, and does not require any maintenance or energy consumption. |
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The Company also manufactures LEDs, safety markers, aircraft signals,
and |
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tactical devices. |
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One of their major clients is BOMBARDIER, a Canadian airline. |
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The headquarters and sole location is at the heading address. |
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PUBLIC RECORD
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A Nationwide search of public and bankruptcy courts revealed no Uniform |
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Commercial Codes, tax liens, legal actions or bankruptcy filings under the |
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Subject's name. |
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COMMENTS
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An established Company, the Subject manufactures and distributes the Betalight, |
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as well as Tritium Exit & Safety signs. Payment records are considered to be |
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generally satisfactory and a search of public records and bankruptcy courts |
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returned no derogatory information or record of the Company filing a bankruptcy |
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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. |
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%)