MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
LIQUI-BOX CANADA INC. |
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Registered Office : |
7070 Mississauga Rd.Mississauga |
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Country : |
Canada |
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Date of Incorporation : |
13.09.1999 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
Manufacturer of Films and Packaging Systems for Food and Liquid |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: LIQUI-BOX CANADA INC.
Trade Name: Dupont Liquid Packaging Systems
Address: 7070 MISSISSAUGA RD.
City: MISSISSAUGA
Founded (D/M/Y):
State/Province: ON
Zip Code: L5N 5M8
Sales / Revenue: -
Country: CANADA
Net Income:
Telephone: 905-821-3300
Total Equity:
Facsimile: 905-821-5110
Number of Employees: 225
URL http://www2.dupont.com/Liquid_Packaging_Solutions/en_CA
Legal Form: Federally
Chartered Corp. - Private
Shareholder: Business Activity: The Subject is engaged as a
manufacturer of films and packaging systems for food and liquid packaging
industry.
NOTE TO CLIENT
ORDERED NAME:
LIQUI BOX CANADA INC.
LEGAL NAME:
LIQUI-BOX CANADA INC.
Please note the provided address corresponds
to a previous location for the Company. The Firm is headquartered at 7070
MISSISSAUGA RD. MISSISSAUGA, ON L5N 5M8.
Several messages were left over a period of
several days for the Mr. Carl Coppathy, Controller and Ms. Carla Sykora,
Finance Director; we were unable to reach a member of Management who could
provide general information regarding the Company. Thus, general information in
this report cannot be substantiated.
Please note that we did send a written
request to the Company's attention via facsimile. An update will be provided
accordingly should we receive a response at a later time.
LEGAL
Legal Form: Federally
Chartered Corp. - Private
Incorporation
State Canada
Status: ACTIVE
Since (D/M/Y): 13/09/1999
The company is NOT
required to publish an annual financial report.
The Subject is federally incorporated in Canada under the following
registration:
Corporation Name(s): LIQUI-BOX CANADA INC.
Corporation #: 3547779
BN #: 869137141RC0001
Mailing Address:
7070 MISSISSAUGA ROAD
MISSISSAUGA, Ontario L5N5M8 Canada
Jurisdiction: Canada
Status: Active
Date of Incorp: 1999/09/13
MANAGERS / KEY PERSONNEL
Mr. Ash Sahi Chief
Executive Officer
Mr. Doug Baker Director
Mr. Carl Coppathy Controller
Ms. Carla Sykora Financial Director
Mr. Stewart Graves Director
AFFILIATED
COMPANIES
The following
sample list of companies are each affiliated with the
Subject through
common ownership:
NAME -
JURISDICTION
Belco Technologies
Corporation Delaware
DuPont (Australia)
Ltd. Australia
DuPont (Changshu)
Fluoro Technology Co., Ltd. China
DuPont (Korea)
Inc. Korea
DuPont (U.K.)
Industrial Limited United Kingdom
DuPont (U.K.)
Investments United Kingdom
DuPont (U.K.) Ltd.
United Kingdom
DuPont
Agricultural Caribe Industries, Ltd. Bermuda
DuPont Argentina
S.A. Argentina
DuPont Asturias,
S.L. Spain
DuPont Capital
Management Corporation Delaware
DuPont China
Holding Company Ltd. China
DuPont China
Limited Hong Kong
DuPont Company
(Singapore) Pte Ltd. Singapore
DuPont
Coordination Center N.V. Belgium
DuPont DACI
Beteiligungs GmbH Austria
DuPont de
Colombia, S.A. Colombia
DuPont de Nemours
(Belgium) BVBA Belgium
DuPont de Nemours
(Deutschland) GmbH Germany
DuPont de Nemours
(France) S.A.S. France
DuPont de Nemours
(Luxembourg) SARL Luxembourg
DuPont de Nemours
(Nederland) B.V. The Netherlands
DuPont de Nemours
Groupe S.A.R.L. France
DuPont de Nemours
Holding SA Switzerland
DuPont de Nemours
International S.A. Switzerland
DuPont de Nemours
Italiana S.r.l. Italy
DuPont Deutschland
Holding GmbH & Co. KG Germany
DuPont do Brasil
S.A. Brazil
DuPont Electronics
Microcircuits Industries, Ltd. Bermuda
DuPont Feedstocks
Company Delaware
DuPont Global
Operations, Inc. Delaware
DuPont Iberica,
S.L. Spain
DuPont
International (Luxembourg) SCA Luxembourg
DuPont
International Operations SARL Switzerland
DuPont Kabushiki
Kaisha Japan
DuPont Limited
Partnership Canada
DuPont Mexico S.A.
de C.V. Mexico
DuPont Operations,
Inc. Delaware
DuPont Operations
Worldwide, Inc. Delaware
DuPont Performance
Coating France SAS France
DuPont Performance
Coating Nederland BV The Netherlands
Parent Companies
Parent Company: E. I. du Pont Canada Company
Address: P.O. Box 2200, Streetsville
City: Mississauga
State/Province: ON
Zip Code: L5M 2H3
Country: CANADA
Telephone: (905) 821-3300
Telephone: (302) 774-1000
Facsimile: (302) 773-2631
Ultimate Parent
Company: E. I. du Pont de Nemours and
Company
Address: 1007 Market Street
City: Wilmington
State/Province: DE
Zip Code: 19898
Country: UNITED STATES
Telephone: (905) 821-3300
Telephone: (302) 774-1000
Facsimile: (302) 773-2631
The Subject's parent company, E. I. du Pont de Nemours and Company, is publicly-traded on the New York Stock Exchange under the symbol, DD. A recent
closing price for DD was $47.75 USD. The 52-week range was $53.90 / $41.26 USD.
There are approximately 900.40 million shares of common stock outstanding.
KEY FINANCIAL DATA FOR E. I. du Pont de Nemours and Company
NOTE: All figures are expressed in MILLIONS of USD for the 2007 FY.
TOTAL REVENUE 30,653
NET INCOME 2,988
TOTAL CURRENT ASSETS 13,160
TOTAL ASSETS 34,131
TOTAL CURRENT LIABILITIES 8,541
TOTAL LIABILITIES 22,995
TOTAL EQUITY 11,136
BANKS
ROYAL BANK OF
CANADA
Address: 200 BAY
ST.-MAIN FLR.
City: TORONTO
State/Province: ON
Zip Code: M5J2J5
Country: CANADA
Telephone: (416)
974-3940
Facsimile: (416)
974-9797
We have contacted
the above-mentioned bank. In the event of a response, we will forward the
information immediately.
PAYMENT HISTORY
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TRADE ITEMS |
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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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CITI CARDS CANADA: 800-233-8619 # |
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*Mar 5,000 0 0 0 0 0 0 |
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Transportation Serv: Merged accts |
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*Mar 0 1,242 1,242 1,242 0 0 0 |
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Wholesale-Elec Equip: |
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*Mar 0 105K 637 549 88 0 0 |
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Wholesale-Elec Equip: |
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*Mar 0 110K 5,536 2,235 2,623 574 104 |
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Whlsl-Ind Mach Sppls: |
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*Jan 0 1,100 1,100 1,100 0 0 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 16 90 Days 219K 8,515 5,126 2,711 574 104 |
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Reported ------- ------- ------- ------- ------- ------- |
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Transportation Serv: |
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*Dec 0 1,939 1,939 1,939 0 0 0 |
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Wholesale-Mens Wear: |
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*Nov 0 1,377 1,377 1,377 0 0 0 |
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Trucking: |
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*Oct 0 2,081 2,081 1 1,048 1,032 0 |
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Mfr-Rolling Mill Mac: |
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*Sep 0 239 239 239 0 0 0 |
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Mfr-Plastic: |
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*Sep 0 898 898 0 898 0 0 |
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Whlsl Ferrs Nonferrs: DLA-2007/04/18 |
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*May Oct/1999 5,000 Apr/2007 2,891 2,891 2,891 0 0 0 |
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Transportation Serv: |
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*Mar 0 878 878 771 107 0 0 |
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Business Services: |
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*Mar 0 510 510 510 0 0 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 15 Total 229K 19,328 12,854 4,764 1,606 104 |
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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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4 Qtr/2007 21 21 5 11,053 6,116 2,913 2,024 0 |
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3 Qtr/2007 24 11 8 20,971 10,700 5,901 3,852 518 |
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2 Qtr/2007 4 17 6 23,173 20,841 1,656 676 0 |
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1 Qtr/2007 39 14 9 22,168 8,056 7,486 1,296 5,330 |
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4 Qtr/2006 1 6 11 831,735 824,423 2,130 2,416 2,766 |
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3 Qtr/2006 3 9 9 964,124 875,232 88,088 607 197 |
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2 Qtr/2006 5 9 10 1,128K 1,066K 1,575 616 59,720 |
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1 Qtr/2006 17 6 13 1,747K 1,194K 245,104 302,994 5,867 |
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4 Qtr/2005 16 6 12 997,358 838,497 1,985 1,474 155,402 |
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FINANCIAL
INFORMATION
According to an outside source, the Subject had 2007 fiscal year sales of $112 million USD.
HISTORY
The Company is
also known as LES EMBALLAGES LIQUI-BOX CANADA INC., in French.
The Firm has
previously operated under the following names:
- ENHANCE
PACKAGING TECHNOLOGIES INC.
- 3547779 CANADA
INC.
CURRENT OPERATIONS
SIC Code: 7389
NAICS Code: 56191
Packaging and
Labeling Services
Number of Employees: 225
Business Activity:
The Subject is
engaged as a manufacturer of films and packaging systems for food and liquid
packaging industry.
The Firm's film
products and systems are used for the preservation, protection, and processing
of food and industrial products. Its pouch technology enables packaging of
non-carbonated beverages, dairy products, and pumpable foods in a
non-refrigerated environment.
As far as could be determined, the heading
address is the sole location for the Company.
PUBLIC RECORD
No derogatory information such as bankruptcy filings, tax liens, or statements
of claim were found against the Company.
COMMENTS
The Subject, incorporated in 1999, is engaged as a manufacturer of films and
packaging systems for food and liquid packaging industry. The Company has a
satisfactory payment record. No derogatory information such as bankruptcy
filings, tax liens, or statements of claim were found against the Company. The
Firm should be considered responsible for normal business transactions.
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%)