MIRA INFORM REPORT

 

 

Report Date :

08.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

H.J.SKELTON (CANADA) LTD.

 

 

Registered Office :

165 Oxford St E London, ON N6A1T4

 

 

Country :

Canada

 

 

Date of Incorporation :

01/1984

 

 

Com. Reg. No.:

0002300877

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Whlsl-Transport Equp

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Slow by 7 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

H.J.SKELTON (CANADA) LTD.
165 OXFORD ST E
LONDON, ON N6A1T4
(519) 679-9180

File Number:

0002300877

Subject Number:

J70783

File Established:

01/1984

SIC Code:

50880000 - Whlsl-Transport Equp

 

 

Executive Summary

 

 

Composite Index and Trend

 

90

60

30

5
Lowest risk

 

 


3

 


5

 


8

 


5

 


5

 


3

 


3

 


5

 


5

 

0

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 

 


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

7
7 days past due

 

 


6

 


2

 


0

 


1

 


2

 


0

 


4

 


0

 


7

 

0

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

1Q08

 

 

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

12

Total balance:

Financial

$0

Trade

$126,687

High credit limit:

Financial

$0

Trade

$421,040

Average balance:

Financial

0

Trade

$10,557

Inquiries:

11

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Payment Information

 

 

Quarterly Payment Trends

Quarters

Composite
Index

Payment
Index

Total
Trade
Lines

Total
Balance

Current

30

60

90

Q1 - 2008

5

7

6

$113,839

 

80%

 

20%

 

0%

 

0%

 

Q4 - 2007

5

0

7

$15,878

 

100%

 

0%

 

0%

 

0%

 

Q3 - 2007

3

4

9

$138,998

 

89%

 

11%

 

0%

 

0%

 

Q2 - 2007

3

0

9

$51,605

 

100%

 

0%

 

0%

 

0%

 

Q1 - 2007

5

2

8

$55,408

 

95%

 

5%

 

0%

 

0%

 

Q4 - 2006

5

1

8

$13,614

 

100%

 

0%

 

0%

 

0%

 

Q3 - 2006

8

0

5

$39,103

 

100%

 

0%

 

0%

 

0%

 

Q2 - 2006

5

2

7

$61,333

 

94%

 

6%

 

0%

 

0%

 

Q1 - 2006

3

6

9

$63,619

 

83%

 

17%

 

0%

 

0%

 

 

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Trade Payment Experiences

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Mfr-Fabricated Structural Metl

Mar 2008

$60,763

 

$60,763

 

$60,763

 

$0

 

$0

 

$0

 

 

Retail-Establishment

Mar 2008

$3,500

 

$314

 

$314

 

$0

 

$0

 

$0

 

 

Wholesale-Minerals

Feb 2008

$37,933

 

$37,933

 

$25,847

 

$12,086

 

$0

 

$0

 

 

Arrg Transp of Freight & Cargo

Jan 2008

$40

 

$40

 

$40

 

$0

 

$0

 

$0

 

 

Mfr-Primary Metal

Jan 2008

$201,056

 

$10,932

 

$0

 

$10,932

 

$0

 

$0

 

 

GENERAL MOTORS CORP

Jan 2008

$8,871

 

$3,857

 

$3,857

 

$0

 

$0

 

$0

 

 

Trucking

Dec 2007

$190

 

$190

 

$190

 

$0

 

$0

 

$0

 

 

Transportation Serv

Dec 2007

$21

 

$21

 

$21

 

$0

 

$0

 

$0

 

 

Transportation Serv

Nov 2007

$100,000

 

$4,000

 

$4,000

 

$0

 

$0

 

$0

 

 

CITI CARDS CANADA

Oct 2007

$664

 

$635

 

$635

 

$0

 

$0

 

$0

 

 

Transportation Serv

Jul 2007

$125

 

$125

 

$125

 

$0

 

$0

 

$0

 

 

Arrg Transp of Freight & Cargo

Jul 2007

$7,877

 

$7,877

 

$7,877

 

$0

 

$0

 

$0

 

 

 

Total

 

$421,040

 

$126,687

 

$103,669

 

$23,018

 

$0

 

$0

 

 

 

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

 


 

 

 

 

 

Banking Information

 

 

Bank Relationships

This bank report was obtained on: Jul 17, 2007

Bank Name:

HSBC BANK CANADA
LONDON

Address:

285 KING STREET
LONDON, ON N6B3M6
Branch: 016, Transit: 10352

Reference:

JAMES GARDINER
Phone: (519) 439-1631
Fax: (519) 439-5205

Account Type(s):

Term deposit

Account Opened:

Not available

Account Balance:

Low 7 figures

Returned Checks:

Not available

Account Type(s):

Canadian account, Savings account

Account Opened:

Dec ,

Account Balance:

Low 7 figures to Medium 7 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?:

Not available

Loan Details

Loan Type(s):

Not available

Loan Date:

Not available

Loan Amount:

Low 7 figures to Medium 7 figures

Still Owing:

Low 7 figures

Terms:

Not available

Rating:

Not available

Secured? By What?:

Not available

Signing Officer(s):

Not available

 

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Company Background Information

 

 

Incorporation

Effective Date:

Jan 01, 1966

Registration Number:

 

Location:

Ontario

Operation Since:

Jan 01, 1966

Comments:

N/A

 

 

 

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.

H.J.SKELTON (CANADA) LTD., 165 OXFORD ST E, LONDON, ON N6A1T4

HJ SKELTON (CANADA) LIMITED, 165 OXFORD ST E, LONDON, ON N6A1T4

H J SKELTON CANADA LTD., 649 RICHMOND ST, LONDON, ON N6A3G7

 

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Inquiries

 

 

Inquiries

Inquiry Date

Inquirer's Name/Industry

 

 

 

 

 

 

 

Jan 29, 2008

NISSAN CANADA FINANCE INC

 

 

 

 

 

 

 

Jul 25, 2007

Whlsl Ferrs Nonferrs Metal

 

 

 

 

 

 

 

Jul 20, 2007

KUEHNE AND NAGEL INT

 

 

 

 

 

 

 

Apr 05, 2007

Business Services

 

 

 

 

 

 

 

Mar 27, 2007

Business Services

 

 

 

 

 

 

 

Aug 02, 2006

PRIMUS CANADA

 

 

 

 

 

 

 

Jul 13, 2006

Transportation Serv

 

 

 

 

 

 

 

Jun 01, 2006

Insrnce Brkr/Carrier

 

 

 

 

 

 

 

Jun 01, 2006

Insrnce Brkr/Carrier

 

 

 

 

 

 

 

May 18, 2006

Transportation Serv

 

 

 

 

 

 

 

Apr 19, 2006

NISSAN CANADA FINANCE INC

 

 

 

 

 

 

 

 

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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 24 years

0

2. Current Payment Index is 7

0

3. Number of supplier references on file is 5

5

4. On Mar 31, 2008 the Payment Index was 5 points higher than Mar 31, 2007

0

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 ->

5

 

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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