MIRA INFORM REPORT

 

 

Report Date :

21.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

FABRICVILLE CO. INC.

 

 

Registered Office :

9195 Rue Charles-De Latour Montreal, QC H4N1M3

 

 

Country :

Canada

 

 

Date of Incorporation :

04/1980

 

 

Com. Reg. No.:

0017036173

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Whls - Pc Gds & Other Dry Gds

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow by 20 days

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

FABRICVILLE CO. INC.
9195 RUE CHARLES-DE LATOUR
MONTREAL, QC H4N1M3
(514) 383-3942

File Number:

0017036173

Subject Number:

AN4491

File Established:

04/1980

SIC Code:

51310000 - Whls - Pc Gds & Other Dry Gds

 

 

Executive Summary

 

 

Composite Index and Trend

 

90

60

30

7
Lowest risk

 

 


3

 


0

 


3

 


0

 


3

 


3

 


0

 


3

 


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

20
20 days past due

 

 


20

 


9

 


15

 


14

 


10

 


7

 


2

 


13

 


20

 

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

14

Total balance:

Financial

$0

Trade

$146,712

High credit limit:

Financial

$0

Trade

$321,494

Average balance:

Financial

0

Trade

$10,479

Inquiries:

17

 

 

 

 

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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

20

7

$80,661

 

78%

 

11%

 

7%

 

5%

 

Q4 - 2007

3

13

10

$197,036

 

72%

 

25%

 

2%

 

1%

 

Q3 - 2007

0

2

12

$95,534

 

98%

 

1%

 

0%

 

1%

 

Q2 - 2007

3

7

10

$156,786

 

88%

 

8%

 

3%

 

1%

 

Q1 - 2007

3

10

12

$179,206

 

82%

 

15%

 

3%

 

0%

 

Q4 - 2006

0

14

13

$248,178

 

74%

 

15%

 

11%

 

0%

 

Q3 - 2006

3

15

10

$162,022

 

68%

 

23%

 

9%

 

0%

 

Q2 - 2006

0

9

15

$168,580

 

78%

 

20%

 

2%

 

0%

 

Q1 - 2006

3

20

9

$168,968

 

67%

 

19%

 

12%

 

2%

 

 

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Trade Payment Experiences

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Printer-Commercial

Apr 2008

$13,789

 

$13,789

 

$13,789

 

$0

 

$0

 

$0

 

 

Mfr-Curtains and Drapery

Apr 2008

$2,000

 

$520

 

$233

 

$287

 

$0

 

$0

 

 

Business Services

Apr 2008

$79,278

 

$43,928

 

$34,306

 

$7,331

 

$0

 

$2,291

 

 

HONDA CAN FIN 11

Mar 2008

$47,916

 

$29,657

 

$29,657

 

$0

 

$0

 

$0

 

 

Whlsl-Paint/Wall Cov

Mar 2008

$41,830

 

$28,742

 

$17,939

 

$5,657

 

$1,946

 

$3,200

 

 

Transportation Serv

Mar 2008

$55

 

$55

 

$55

 

$0

 

$0

 

$0

 

 

Whlsl Piece Goods (Woven Fab)

Mar 2008

$27,247

 

$14,294

 

$9,688

 

$1,025

 

$3,369

 

$212

 

 

DE LAGE LANDEN FIN

Mar 2008

$20,881

 

$381

 

$381

 

$0

 

$0

 

$0

 

 

Whlsl-Durable Goods

Feb 2008

$6,624

 

$6,624

 

$5,231

 

$1,063

 

$90

 

$240

 

 

Transportation Serv

Dec 2007

$1,662

 

$1,662

 

$1,662

 

$0

 

$0

 

$0

 

 

Mfr-Hardware

Oct 2007

$213

 

$213

 

$0

 

$213

 

$0

 

$0

 

 

LE SOLEIL, DIVISION DE

Oct 2007

$4,805

 

$4,805

 

$3,108

 

$1,697

 

$0

 

$0

 

 

VW CR

May 2007

$75,190

 

$2,038

 

$2,038

 

$0

 

$0

 

$0

 

 

SHELL CANADA CARD

Apr 2007

$4

 

$4

 

$4

 

$0

 

$0

 

$0

 

 

 

Total

 

$321,494

 

$146,712

 

$118,091

 

$17,273

 

$5,405

 

$5,943

 

 

 

# - 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: May 19, 2000

Bank Name:

THE TORONTO-DOMINION BANK
DUFFERIN AND APEX

Address:

3140 DUFFERIN ST
TORONTO, ON M6A2T1
Branch: 004, Transit: 12962

Reference:

CATHY (LL JL)
Phone: (416) 667-6907
Fax: (416) 665-2896

Signing Officer(s):

Not available

This bank report was obtained on: Apr 15, 2004

Bank Name:

THE TORONTO-DOMINION BANK
DUFFERIN & APEX CBC

Address:

3140 DUFFERIN ST
NORTH YORK, ON M6A2T1
Branch: 004, Transit: 19932

Reference:

CREDIT DEPT.
Phone: (416) 785-7230
Fax: (416) 785-5272

Account Type(s):

Current account

Account Opened:

Dec ,

Account Balance:

Not authorized to disclose

Returned Checks:

None

Account Type(s):

Term deposit

Account Opened:

Not available

Account Balance:

Not authorized to disclose

Returned Checks:

Not available

Line of Credit Details

Credit Line Type(s):

Line of credit

Line of Credit Date:

Not available

Line of Credit Authorized:

Medium 7 figures

Rating on Line of Credit:

Paid as agreed

Secured? By What?:

Not available

Signing Officer(s):

Not available

 

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Company Background Information

 

 

Incorporation

Effective Date:

Sep 06, 1977

Registration Number:

1142857847

Location:

Ontario

Operation Since:

N/A

Comments:

N/A

 

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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.

FABRICVILLE CO. INC., 9195 RUE CHARLES-DE LATOUR, MONTREAL, QC H4N1M3

FABRICVILLE CO INC, 9195 RUE CHARLES-DE LATOUR, MONTREAL, QC H4N1M3

FABRICVILLE, 9195 RUE CHARLES-DE LATOUR, MONTREAL, QC H4N1M3

 

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Inquiries

 

 

Inquiries

Inquiry Date

Inquirer's Name/Industry

 

 

 

 

 

 

 

Apr 18, 2008

Wholesales-Home Furnishing

 

 

 

 

 

 

 

Mar 31, 2008

DE LAGE LANDEN FIN

 

 

 

 

 

 

 

Mar 31, 2008

DE LAGE LANDEN FIN

 

 

 

 

 

 

 

Jan 30, 2008

Whlsl-Paint/Wall Cov

 

 

 

 

 

 

 

May 29, 2007

Mfr-Power Hand Tool

 

 

 

 

 

 

 

Feb 13, 2007

Wholesale-Elec Appls

 

 

 

 

 

 

 

Nov 27, 2006

HONDA CAN FIN 11

 

 

 

 

 

 

 

Oct 30, 2006

GROUPE PAGES JAUNES

 

 

 

 

 

 

 

Oct 17, 2006

Retail-Establishment

 

 

 

 

 

 

 

Oct 17, 2006

Retail-Establishment

 

 

 

 

 

 

 

Sep 19, 2006

ROGERS WIRELESS INC.

 

 

 

 

 

 

 

Aug 22, 2006

Business Services

 

 

 

 

 

 

 

Aug 01, 2006

BELL CANADA

 

 

 

 

 

 

 

Jun 13, 2006

Whlsl-Paint/Wall Cov

 

 

 

 

 

 

 

Jun 13, 2006

Whlsl-Paint/Wall Cov

 

 

 

 

 

 

 

May 18, 2006

Whlsl-Paint/Wall Cov

 

 

 

 

 

 

 

Apr 25, 2006

Mfr-Power Hand Tool

 

 

 

 

 

 

 

 

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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 28 years

0

2. Current Payment Index is 13

0

3. Number of supplier references on file is 8

3

4. On Mar 31, 2008 the Payment Index was 10 points higher than Mar 31, 2007

4

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 ->

7

 

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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