MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPF PRECUT LUMBER |
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Registered Office : |
3115 Murray Street Unit E, Port Moody, BC V3H 1X4 |
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Country : |
Canada |
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Date of Incorporation : |
18.07.1990 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Lumber |
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 250,000 |
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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 |
250,000 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 |
CAD Satisfying |
IDENTIFICATION
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Company Name: |
SPF Precut Lumber Dba Pacific Prince Investments Inc; SPF Logistics |
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Address: |
3115 Murray Street Unit E, Port Moody, BC V3H 1X4, Canada |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (604) 461-6667 + 1 (604) 461-6677 BC-00003900885 British Columbia Muhammad Zafar-Amir, President |
Date founded: |
July 18,1990
Corporation for Profit N.A. Employees: 25 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufactures Lumber |
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BANKS
HSBC Bank of Canada
BUSINESS
Business & Operations:
SPF Precut Lumber, a division of Pacific Prince Investments Inc.,
located in the lower mainland of British Columbia. The company is a manafacturer
and exporter of precut pallet stock and Dog Ear Fencing. Being one of the
biggest suppliers of precut pallet stock, our cut-stock is produced from
high-line low grade dimension lumber KD, HT for export to the U.S.A. via vans,
Flatdeck, Boxcars, and railcars.
The company buys directly from almost all major primary mills in British
Columbia to produce quality Fence and pallet stock.
The company has timely production and shipment by stocking about 3.0
million Bft of lumber - mainly 2"X 3", 2"X4" and
2"X6" - in 8' to 20' lengths. They use an efficient trim line, thin
curve band saw, double head notcher and Dog Ear Pointer to produce about 30
million Bft. of cut stock and Fence Slats i.e. about 1250 van loads annually.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
director of the company is:
Muhammad
Zafar-Amir, President
He
is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
SPF Precut Lumber 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 |
25,000,000 |
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
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 small company working 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 |
None Regular |
ADVISED
CREDIT
250,000 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%)