MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
AVENTECH INC. |
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Registered Office : |
1493 Rue De |
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Country : |
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Date of Incorporation : |
04/01/1996 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Wholesale
distributor of industrial round and square steel billets. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: AVENTECH
INC.
Address: 1493
RUE DE SAINT VERAN
City:
State/Province:
Zip Code: G3E
1S9
Country:
Telephone: 418
843 8966
Facsimile: 418
847 0867
Founded
(D/M/Y): / /1996
In KCAD As of:
31/07/2007
Sales /
Revenue: 1,000
Net Income:
Total Equity:
Number of Employees:
3
Legal Form: Provincially
Chartered Corporation - Private
Website: N/A
Maj.
Shareholder: Mr. Pierre Rancourt
Business Activity: The Company is a wholesale distributor
of industrial round and square steel billets.
NOTE TO CLIENT
NOTE::LEGAL
NAME: AVENTECH INC.
ORDERED NAME:
AVENTECH INC
Person
Contacted: Mr. Pierre Rancourt,
President and Owner. He verified and
updated the information presented to him.
Please note that the
city ordered for this report is for the mailing address:
CP 89045
St
LEGAL
Legal Form: Provincially
Chartered Corporation – Private
Since (D/M/Y): 04/01/1996
State/Province of
Incorporation: QC
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
provincially chartered in
Incorporation
Number: 1145366903
Legal Name: AVENTECH
INC.
Incorporation Date:
1/4/1996
Last Annual Report:
3/15/2007
Location:
Address: 1493, DE
SAINT-VERAN
C.P. 89045, SUCC.
ST-EMILE
Managers/Key
Personnel
Mr. Pierre
Rancourt President
OWNERS
Mr. Pierre
Rancourt
% Majority
The Company has no
subsidiaries or affiliates.
BANKS
C.D. DES RIVIERES
BOYER ET ETCHEMIN
730 ROUTE BEGIN
Telephone: (418)
885-4421
Facsimile: (418)
885-4441
Account Number:
Account Manager:
A fax was sent to
this bank for credit information.
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
------------------------------------------------------------------------------
DICOM EXPRESS INC.: 514-636-8033
*Sep 0 12 12
0 12 0
0
VISA DESJARDINS: 514-397-4400 #
*Aug Nov/2003 40 40 0
0 0 0
0
Trucking:
*Aug 0 552 552
0 0 0
552
------- -------
------- ------- ------- -------
P.I. =
99 90 Days 604
564 0 12
0 552
Reported ------- ------- ------- ------- -------
-------
Transportation Serv:
*Jul 0 76 76
76 0 0
0
------- -------
------- ------- ------- -------
P.I. =
87 Total 680
640 76 12
0 552
Reported ------- ------- ------- ------- -------
-------
PAYMENT TRENDS
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Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
------------------------------------------------------------------------------
3 Qtr/2007
87 26 4
640 76 12
0 552
2 Qtr/2007
68 26 3
707 2 146
377 182
1 Qtr/2007
99 20 2
1,933 1,921 0
0 12
4 Qtr/2006
23 14 2
4,033 3,927 106
0 0
3 Qtr/2006
33 23 2
6,254 6,173 81
0 0
2 Qtr/2006
42 23 3
7,368 7,147 63
158 0
1 Qtr/2006
59 26 2
9,010 8,835 108
0 67
4 Qtr/2005
52 26 3
9,985 9,046 514
425 0
3 Qtr/2005
38 13 3
9,923 9,566 308
49 0
FINANCIAL
INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/07/2007 31/07/2007 31/07/2007
Consolidated
Sales / Revenues 1,000 - -
Mr. Rancourt stated
net sales for July 31, 2007 were CAD 1 Million. He deferred all other financial
statement information to a fax request.
If we receive a response, we will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 42184
Industrial Supplies Wholesalers
SIC Code: 5085
Number of
Employees: 3
Business Activity:
The Company is a
wholesale distributor of industrial round and square steel billets.
The Company imports
from
The heading address
is the sole location for the Subject.
The facility consists of owned office space.
PUBLIC RECORD
A search of public
revealed no derogatory information, bankruptcy petitions or Uniform Commercial
Codes.
GENERAL COMMENTS
The Subject, founded
in 1996 in
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%)