MIRA INFORM REPORT

 

 

Report Date :

08.01.2008

 

IDENTIFICATION DETAILS

 

Name :

MCGILL QUEENS UNIVERSITY PRESS

 

 

Registered Office :

3430 MC tavish St Montreal, Qc H3a1x9

 

 

Country :

Canada

 

 

Date of Incorporation :

01.2002

 

 

Com. Reg. No.:

0046135091

 

 

Legal Form :

Press

 

 

Line of Business :

Publishing books that defend, refute, and create fresh interpretations of the world

 

 

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 4 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

 

MCGILL QUEENS UNIVERSITY PRESS
3430 MCTAVISH ST
MONTREAL, QC H3A1X9
(514) 398-6048

File Number:

0046135091

Subject Number:

MN8218

File Established:

01/2002

 

Executive Summary

 

 

Composite Index and Trend

 

90

60

30

22
Above average risk

 

 


28

 


26

 


31

 


28

 


19

 


29

 


26

 


33

 


26

 

0

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 


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

4
4 days past due

 

 


31

 


40

 


20

 


14

 


13

 


21

 


27

 


22

 


4

 

0

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Legal and Derogatory Items

Bankruptcy filings:

0

Most recent

N/A

Judgments:

0

Amount

N/A

Most recent

N/A

Suits:

7

Amount

$682,715

Most recent

Sep 2007

Collection claims:

5

Amount

$647

Most recent

Mar 2007

Returned checks:

0

Amount

N/A

Most recent

N/A

 

Credit Information

Number of lines:

Financial

0

Trade

24

Total balance:

Financial

$0

Trade

$263,745

High credit limit:

Financial

$0

Trade

$304,265

Average balance:

Financial

0

Trade

$10,989

Inquiries:

41

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Payment Information

 

 

Quarterly Payment Trends

Quarters

Composite
Index

Payment
Index

Total
Trade
Lines

Total
Balance

Current

30

60

90

Q4 - 2007

26

4

14

$227,487

 

92%

 

5%

 

2%

 

1%

 

Q3 - 2007

33

22

15

$55,737

 

40%

 

54%

 

4%

 

1%

 

Q2 - 2007

26

27

13

$116,636

 

51%

 

25%

 

17%

 

7%

 

Q1 - 2007

29

21

13

$59,375

 

60%

 

28%

 

0%

 

12%

 

Q4 - 2006

19

13

15

$59,892

 

64%

 

34%

 

0%

 

2%

 

Q3 - 2006

28

14

10

$55,710

 

57%

 

43%

 

0%

 

0%

 

Q2 - 2006

31

20

15

$141,772

 

64%

 

25%

 

0%

 

11%

 

Q1 - 2006

26

40

17

$106,949

 

26%

 

50%

 

4%

 

20%

 

Q4 - 2005

28

31

14

$330,894

 

24%

 

67%

 

0%

 

9%

 

Q3 - 2005

N/A

N/A

15

$159,864

 

16%

 

59%

 

5%

 

20%

 

Q2 - 2005

N/A

N/A

13

$103,725

 

39%

 

25%

 

1%

 

34%

 

 

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Trade Payment Experiences

 

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Whlsl-Ind Mach Sppls

Dec 2007

$191

 

$191

 

$191

 

$0

 

$0

 

$0

 

 

Mfr-Pharmaceutical

Dec 2007

$11,090

 

$11,090

 

$0

 

$11,090

 

$0

 

$0

 

 

Whlsl-Constr/Mine Eq

Dec 2007

$58

 

$58

 

$58

 

$0

 

$0

 

$0

 

 

Mfr-Air Conditioning Equipment

Dec 2007

$3,419

 

$3,419

 

$0

 

$0

 

$3,419

 

$0

 

 

Mfr-Beverage

Dec 2007

$7,581

 

$4,763

 

$3,428

 

$1,335

 

$0

 

$0

 

 

Transportation Serv

Dec 2007

$228

 

$228

 

$228

 

$0

 

$0

 

$0

 

 

Wholesale-Chemicals

Dec 2007

$10,205

 

$6,828

 

$6,828

 

$0

 

$0

 

$0

 

 

Printer-Commercial

Dec 2007

$195,218

 

$195,218

 

$194,759

 

$0

 

$0

 

$459

 

 

Mfr-Rubber/Plstc Products

Nov 2007

$1,670

 

$1,670

 

$1,670

 

$0

 

$0

 

$0

 

 

Trucking

Nov 2007

$7

 

$7

 

$7

 

$0

 

$0

 

$0

 

 

ACKLAND GRAINGER CANADA INC

Nov 2007

$30,000

 

$88

 

$88

 

$0

 

$0

 

$0

 

 

Mfr-Air Conditioning Equipment

Oct 2007

$517

 

$517

 

$517

 

$0

 

$0

 

$0

 

 

Whlsl-Professnl Equp

Oct 2007

$562

 

$562

 

$562

 

$0

 

$0

 

$0

 

 

Whlsl-Plumbing/Heatg

Oct 2007

$2,848

 

$2,848

 

$0

 

$0

 

$0

 

$2,848

 

 

Whlsl-Ind Mach Sppls

Sep 2007

$6,157

 

$6,157

 

$0

 

$6,157

 

$0

 

$0

 

 

Transportation Serv

Aug 2007

$42

 

$42

 

$42

 

$0

 

$0

 

$0

 

 

Pub-Book:Publishing & Prining

Jul 2007

$7

 

$7

 

$0

 

$0

 

$0

 

$7

 

 

Wholesale-Elec Equip

Jul 2007

$464

 

$464

 

$77

 

$387

 

$0

 

$0

 

 

Business Services

Jul 2007

$28,222

 

$28,222

 

$14,152

 

$14,019

 

$19

 

$32

 

 

Printer-Commercial

Jun 2007

$92

 

$92

 

$92

 

$0

 

$0

 

$0

 

 

INTERSAN CWS INC

Mar 2007

$6

 

$6

 

$0

 

$3

 

$3

 

$0

 

 

Whlsl-Plumbing/Heatg

Mar 2007

$647

 

$647

 

$647

 

$0

 

$0

 

$0

 

 

Transportation Serv

Feb 2007

$34

 

$34

 

$0

 

$0

 

$0

 

$34

 

 

Serv-Eqp Rntl/Lease

Dec 2006

$5,000

 

$587

 

$0

 

$0

 

$587

 

$0

 

 

 

Total

 

$304,265

 

$263,745

 

$223,346

 

$32,991

 

$4,028

 

$3,380

 

 

 

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

 

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Legal Information

 

 

Suits

Type of Action:

Writ of Summons

Plaintiff:

FARKAS ALON

Amount:

$335,000

Reason:

Damages

Date Filed:

Sep 12, 2007

Court:

Quebec Court

Court Location:

Montreal

Court File Number:

038637073

Defendant name as it appears in Court Document: MCGILL UNIVERSITY

Type of Action:

Writ of Summons

Plaintiff:

LUPIEN ALAIN

Amount:

N/A

Reason:

Injunction

Date Filed:

May 10, 2006

Court:

Quebec Court

Court Location:

Montreal

Court File Number:

031002069

Defendant name as it appears in Court Document: UNIVERSITE MCGILL

Type of Action:

Writ of Summons

Plaintiff:

COMTOIS JEAN PIERRE

Amount:

$240,000

Reason:

Damages

Date Filed:

Mar 31, 2006

Court:

Quebec Court

Court Location:

Montreal

Court File Number:

030325065

Defendant name as it appears in Court Document: UNIVERSITE MCGILL

Type of Action:

Writ of Summons

Plaintiff:

KHALIFE SAMIR

Amount:

N/A

Reason:

Injunction

Date Filed:

Sep 07, 2005

Court:

Quebec Court

Court Location:

Montreal

Court File Number:

027348054

Defendant name as it appears in Court Document: UNIVERSITE MCGILL

 

Type of Action:

Writ of Summons

Plaintiff:

HASHEMI ALI AKBAR

Amount:

$100,000

Reason:

Injunction

Date Filed:

Oct 28, 2004

Court:

Quebec Court

Court Location:

Montreal

Court File Number:

022922044

Defendant name as it appears in Court Document: MCGILL UNIVERSITY

Type of Action:

Writ of Summons

Plaintiff:

BELL CANADA

Amount:

$3,762

Reason:

Damages

Date Filed:

Mar 05, 2004

Court:

Provincial Court

Court Location:

Montreal

Court File Number:

094887042

Defendant name as it appears in Court Document: UNIVERSITE MCGILL

Type of Action:

Writ of Summons

Plaintiff:

BELL CANADA

Amount:

$3,953

Reason:

Damages

Date Filed:

Mar 05, 2004

Court:

Provincial Court

Court Location:

Montreal

Court File Number:

094889048

Defendant name as it appears in Court Document: UNIVERSITE MCGILL

 

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Derogatory Information

 

 

Collection Claims Reported

Debtor:

MCAGILL UNIVERSITY

Date Placed:

Mar 27, 2007

Creditor:

FEDEX CANADA LTD - R/O STN

Amount Placed:

$66.38

Closed:

N/A

Amount Paid:

$0.00

Agency:

CDN BONDED CREDITS LTD

Last Payment:

N/A

Status:

Placed for Collectn

Comments:

N/A

Debtor:

MCGILL UNIVERSITY/ACORC

Date Placed:

Jul 01, 2006

Creditor:

FEDERAL EXPRESS CANADA LTD.

Amount Placed:

$251.00

Closed:

Aug 21, 2006

Amount Paid:

$251.00

Agency:

NCO FINANCIAL SERVICES INC

Last Payment:

Aug 21, 2006

Status:

Claim Collected

Comments:

N/A

Debtor:

MC GILL UNVERSITY / JAMES ADMI

Date Placed:

May 25, 2006

Creditor:

FEDEX CANADA LTD

Amount Placed:

$72.15

Closed:

N/A

Amount Paid:

$0.00

Agency:

CDN BONDED CREDITS LTD

Last Payment:

N/A

Status:

Placed for Collectn

Comments:

N/A

Debtor:

MCGILL UNIV ANATOMY CELL BIOLO

Date Placed:

Mar 29, 2006

Creditor:

FEDEX CANADA LTD

Amount Placed:

$82.92

Closed:

N/A

Amount Paid:

$0.00

Agency:

CDN BONDED CREDITS LTD

Last Payment:

N/A

Status:

Placed for Collectn

Comments:

N/A

Debtor:

MCGILL UNIVERSITY

Date Placed:

Nov 25, 2003

Creditor:

FEDEX EXPRESS CANADA LTD.

Amount Placed:

$176.51

Closed:

Apr 30, 2004

Amount Paid:

$0.00

Agency:

CDN BONDED CREDITS LTD

Last Payment:

N/A

Status:

Close out Letter Snt

Comments:

N/A

 

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Banking Information

 

 

Bank Relationships

This bank report was obtained on: Dec 20, 2004

Bank Name:

ROYAL BANK OF CANADA
MAIN BR - MONTREAL

Address:

1 PLACE VILLE MARIE-GROUND FLR
MONTREAL, QC H3C3B5
Branch: 003, Transit: 00001

Reference:

Phone: (514) 874-2448
Fax: (514) 874-8740

Account Type(s):

Current account

Account Opened:

For more than 3 years

Account Balance:

High 7 figures

Returned Checks:

No record kept

Line of Credit Details

Credit Line Type(s):

Line of credit

Line of Credit Date:

Not available

Line of Credit Authorized:

High 8 figures

Rating on Line of Credit:

Not available

Secured? By What?:

Not available

Loan Details

Loan Type(s):

Term loan

Loan Date:

Not available

Loan Amount:

Medium 7 figures

Still Owing:

Medium 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

 

 

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.

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL QUEENS UNIVERSITY PRESS, 3430 MCTAVISH ST, MONTREAL, QC H3A1X9

MCGILL UNIVERSITY, 680 RUE SHERBROOKE O BUREAU 15, MONTREAL, QC H3A2M7

MC GILL UNIVERSITY, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIV, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIV, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIV, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIV, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 840 AV DU DOCTEUR-PENFIELD, MONTREAL, QC H3A1A4

MCGILL UNIVERSITY, 845 SHERBROOKE ST W SUITE RM206, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 680 RUE SHERBROOKE O BUREAU 15, MONTREAL, QC H3A2M7

MCGILL UNIVERSITY, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, ACCOUNTS PAYABLE, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 3480 RUE MCTAVISH, MONTREAL, QC H3A1X9

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MC GILL UNIVERSITE C. PAY, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL QUEENS UNIVERSITY PRESS, 3430 MCTAVISH ST, MONTREAL, QC H3A1X9

MCGILL-QUEEN'S UNIV PRESS, 3430 MCTAVISH ST, MONTREAL, QC H3A1X9

MCGILL UNIVERSITY, 3450 UNIVERSITY ST, MONTREAL, QC H3A2A7

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 815 RUE SHERBROOKE O RM 400, MONTREAL, QC H3A2K6

MCGILL UNIVERSITY, 845 SHERBROOKE ST W RM 0140, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 URE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL QUEENS UNIVERSITY PRESS, 3430 RUE MCTAVISH, MONTREAL, QC H3A1X9

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 SHERBROOKE ST W, MONTREAL, QC H3A2T5

MC GILL UNIVERSITY, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY PURCHNG, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

MCGILL UNIVERSITY PRINTIN, 845 RUE SHERBROOKE O, MONTREAL, QC H3A2T5

STUDENTS SOCIETY OF MCGILL UNIVERSITY, 3480 RUE MCTAVISH, MONTREAL, QC H3A1X9

MCGILL, 3420 RUE MCTAVISH, MONTREAL, QC H3A3L1

MCGILL, 3420 RUE MCTAVISH, MONTREAL, QC H3A3L1

MCGILL UNIVERSITY, 805 SHERBROOKE ST W RM 945, MONTREAL, QC H3A2K6

 

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Inquiries

 

 

Inquiries

Inquiry Date

Inquirer's Name/Industry

 

 

 

 

 

 

 

Jan 03, 2008

Transportation Serv

 

 

 

 

 

 

 

Jan 03, 2008

Transportation Serv

 

 

 

 

 

 

 

Jan 03, 2008

Transportation Serv

 

 

 

 

 

 

 

Jan 03, 2008

Transportation Serv

 

 

 

 

 

 

 

Dec 10, 2007

Business Services

 

 

 

 

 

 

 

Nov 02, 2007

NATL LEASING GROUP

 

 

 

 

 

 

 

Nov 02, 2007

NATL LEASING GROUP

 

 

 

 

 

 

 

Sep 28, 2007

Trucking

 

 

 

 

 

 

 

Sep 19, 2007

INSIGHT CANADA

 

 

 

 

 

 

 

Sep 19, 2007

INSIGHT CANADA

 

 

 

 

 

 

 

Aug 16, 2007

Business Services

 

 

 

 

 

 

 

Aug 16, 2007

Business Services

 

 

 

 

 

 

 

Jul 26, 2007

DE LAGE LANDEN FIN

 

 

 

 

 

 

 

Jul 03, 2007

GLOBALSTAR CANADA

 

 

 

 

 

 

 

Jun 10, 2007

Business Services

 

 

 

 

 

 

 

May 29, 2007

Mfr-Air Conditioning Equipment

 

 

 

 

 

 

 

May 15, 2007

TOYOTA CREDIT CANADA

 

 

 

 

 

 

 

May 04, 2007

Mfr-Sporting Goods

 

 

 

 

 

 

 

Apr 23, 2007

PAYMENTECH CANADA

 

 

 

 

 

 

 

Feb 19, 2007

Business Services

 

 

 

 

 

 

 

Feb 16, 2007

DE LAGE LANDEN FIN

 

 

 

 

 

 

 

Jan 09, 2007

Personal Services

 

 

 

 

 

 

 

Dec 05, 2006

Business Services

 

 

 

 

 

 

 

Nov 30, 2006

Business Services

 

 

 

 

 

 

 

Nov 28, 2006

Whlsl-Durable Goods

 

 

 

 

 

 

 

Nov 28, 2006

Whlsl-Durable Goods

 

 

 

 

 

 

 

Nov 27, 2006

Services-Employment

 

 

 

 

 

 

 

Nov 17, 2006

Mfr-Air Conditioning Equipment

 

 

 

 

 

 

 

Nov 17, 2006

Mfr-Air Conditioning Equipment

 

 

 

 

 

 

 

Nov 10, 2006

ROGERS WIRELESS INC.

 

 

 

 

 

 

 

Nov 06, 2006

Hotel

 

 

 

 

 

 

 

Oct 16, 2006

IMPERIAL OIL

 

 

 

 

 

 

 

Aug 16, 2006

ROGERS WIRELESS INC.

 

 

 

 

 

 

 

Jun 21, 2006

Mfr-Air Conditioning Equipment

 

 

 

 

 

 

 

Jun 19, 2006

Business Services

 

 

 

 

 

 

 

Jun 19, 2006

Government

 

 

 

 

 

 

 

Apr 03, 2006

Factoring Company

 

 

 

 

 

 

 

Mar 13, 2006

Business Services

 

 

 

 

 

 

 

Mar 02, 2006

CITI CARDS CANADA

 

 

 

 

 

 

 

Dec 30, 2005

ROGERS WIRELESS INC.

 

 

 

 

 

 

 

Dec 08, 2005

Business Services

 

 

 

 

 

 

 

 

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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 29 years

0

2. Current Payment Index is 4

0

3. Number of supplier references on file is 12

0

4. On Dec 31, 2007 the Payment Index was 0 points higher than Dec 31, 2006

0

5. Number of derogatory items on file in the past 2 years is 7

5

6. The most recent derogatory item was recorded 4 months ago

7

7. Derogatory item amounts as a % of dollars owed suppliers is 100%

10

TOTAL Current Composite Index ->

22

 

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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