MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MASTER FLOW VALVE INC |
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Registered Office : |
4611 74th Ave, Edmonton
AB T6B 2H5 |
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Country : |
Canada |
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Date of Incorporation : |
10.06.1985 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Line Valves |
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 : |
CAD 500,000 |
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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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MAX |
500,000 CAD |
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: |
Master Flow Valve, Inc (Subsidiary of Stream-Flo Industries Ltd, Edmonton, AB) |
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Address: |
4611 74th Ave Edmonton AB T6B 2H5 Canada |
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Phone: Facsimile: ID: State: Managers: |
780-468-4433 780-468-9853 Ab-0203315759 Alberta Duncan J McNeil, Chairman |
Date founded: |
June 10,1985
Corporation for Profit N.A. Employees: 144 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures Line Valves |
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BANKS
HSBC Bank of Canada
BUSINESS
Business:
Related Companies: Stream-Flo
Resources Ltd , Calgary AB
Master Flo Valve Inc. is a technological leader and world-class
manufacturer of chokes, specialty control valves and supporting actuation. Master
Flo's choke valve design is ideal for any production, injection or dump
applications where product performance and valve reliability are crucial. All
valves utilize the superior performance proven by the cage with external sleeve
trim design.
Way of payments:
30-60 days
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
With the head office and manufacturing facility in Edmonton Alberta,
Canada and with sales and support offices in the United States, Brazil, Scotland,
France, United Arab Emirates, Indonesia and Malaysia, Master Flo is committed
to providing excellent quality service and support and maintaining our position
as the world leader in choke technology.
Subsidiary of Stream-Flo
Industries Ltd, Edmonton, AB
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Annual sales are
CAD 50 Million
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
PAYMENT REFERENCES
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RATING
Our final opinion
A good business
connection is possible
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct controlled
sufficient |
PUBLIC PAYMENTS |
No regular |
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ADVISED CREDIT |
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500,000 CAD |
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%)