MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
VEIKLE GRAIN LTD |
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Registered Office : |
P.O. Box 548, Cut Knife Saskatchewan S0M 0N0 |
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Country : |
Canada |
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Date of Incorporation : |
1979 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Producer of Peas |
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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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
60,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
100 USD = 99.68 CAD Correct |
IDENTIFICATION
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Company Name : |
Veikle
Grain Ltd |
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Address : |
P.O. Box 548, Canada |
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Phone : Facsimile : ID : State: Manager : |
+1 (306)
398-4714 + 1 (306)
398-2567 N.A. N.A. Karl Veikle,
President |
Date founded : |
1979 Limited liability company N.A. 15 employees |
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Legal form : |
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Stock : |
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Staff : |
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Business : |
Producer of peas |
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BANK
RBC
BUSINESS
Business
& operation:
Veikle
Grain Ltd was established in 1979 in Cut Knife, Saskatchewan, Canada. Veikle is
a pulse processor providing cleaning, bagging and export services.
They
can also provide load out services for:
-Bulk,
-Bagging,
-Container,
Box
car,
-Bulk
hopper.
Veikle
produces the Viking brand of Peas. He is starting to get back into whole red
lentil and large green lentil. The company is currently exporting to India,
South America and Mexico.
SHAREHOLDERS – SUBSIDIARIES –
MANAGERS
The director of the company
is:
Karl Veikle,
President and treasurer.
He
is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Veikle Grain Ltd does not publish any
financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
3,100,000 |
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Net Income |
59,000 |
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Net Worth |
100,000 |
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Liabilities |
40,000 |
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in Canada.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Low Controlled Correct |
PUBLIC PAYMENTS |
None See Above |
ADVISED
CREDIT
60,000 USD
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%)