MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOLKO MARKETING & SALES LTD |
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Registered Office : |
3203 30th Avenue Vernon,
BC V1T 6M1 |
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Country : |
Canada |
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Date of Incorporation : |
31.12.1979 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesales Lumber |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1,000,000 |
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Status : |
Good |
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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 |
1,000,000 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 = 98.27 CAD Satisfying |
IDENTIFICATION
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Company name: |
Tolko
Marketing & Sales Ltd |
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Address: |
3203 30th Avenue Vernon, BC V1T 6M1 Canada |
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Phone: Facsimile: ID: State: Managers: |
+ 1(250) 545-4411 + 1 (250) 545-8090 CD-0004111010 Ontario Brad Thorlakson, President |
Date founded: |
Dec 12,1979
Limited liability company N.A. 200 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales Lumber |
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BANKS
Royal Bank of Canada
BUSINESS
Operations & Business:
Tolko Celebrated it's 50th anniversary in 2006. Tolko is a private,
Canadian-owned forest products company based in Vernon, British Columbia that manufactures
and markets specialty forest products to world markets.
With manufacturing operations across Western Canada, Tolko is a major
producer and marketer of lumber, plywood, veneer, oriented strand board, and
kraft papers.
The Company's Woodlands operations in British Columbia, Alberta,
Saskatchewan, and Manitoba have received third-party certification of their
sustainable forest management systems.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
directors of the company are:
Brad
Thorlakson, President.
Trevor Jahnig, Chief Financial Officer.
The
parent company is Tolko
Industries Ltd.
Tolko
Industries Ltd.
3203
30th Ave.
Vernon,
British Columbia V1T 2C6,
Canada
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Tolko Marketing & Sales 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 |
83,300,000 |
LEGALS
1 Suit in 2007 by Bestway Cartage
Ltd for Claims. Amount $6500
1 Dismissal Order in 2007
by Bestway Cartage Ltd
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 PPSA Filing in 2007 by
Computershare Trust Company of Canada securing All Assets. Amount:NA
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.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a medium company working in the worldwide.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above regular |
ADVISED
CREDIT
1,000,000 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%)