MIRA
INFORM REPORT
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Report Date : |
04.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRESCENT COMMERCIAL CORPORATION |
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Registered Office : |
5430 Royalmount, Montreal, PQ H4P 1H7 |
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Country : |
Canada |
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Date of Incorporation : |
22.12.1992 |
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Legal Form : |
Federally Chartered Corp. - Private |
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Line of Business : |
Provider of Liquidation, Auction, and Salvage Services |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company
Name: CRESCENT
COMMERCIAL CORPORATION
Trade
Name: C3
Address: 5430
ROYALMOUNT
City: MONTREAL
Founded (D/M/Y):
State/Province: PQ
Zip
Code: H4P
1H7
Sales / Revenue: -
Country: CANADA
Net Income:
Telephone: 514-345-8000
Total Equity:
Facsimile: 514-342-7874
Number of Employees: 10
URL www.c3.com
Legal
Form: Federally
Chartered Corp. - Private
Shareholder:
Business
Activity: The
Company is a provider of liquidation, auction, and salvage services.
NOTE TO CLIENT
Person Contacted:
Ms. Patricia Urgolo, Controller. She verified and updated the information
presented to her.
LEGAL
Legal Form: Federally
Chartered Corp. - Private
Incorporation
State Canada
Status: ACTIVE
Since (D/M/Y): 22/12/1992
The company is NOT
required to publish an annual financial report.
The Company is federally chartered in Canada under the following registration.
Corporation #2880555
BN #140014283RC0001
Corporation Name(s): CRESCENT COMMERCIAL CORPORATION/
CORPORATION COMMERCIALE CRESCENT
Old Name(s) and Change Date(s)
CRESCENT AUCTIONEERS AND LIQUIDATORS INC./ - 1997/04/09
ENCANTEURS ET LIQUIDATEURS CRESCENT INC. - 1997/04/09
2880555 CANADA INC. - 1994/05/25
Mailing Address: [Latest address on file]
Care of:
Street: 5430 ROYALMONT
City: MONTREAKL
Province: Quebec
Postal Code: H4P1H7
Country: Canada
Registered Office Address: [Latest address on file]
Care of:
Street: 5430 ROYALMOUNT
City: MONTREAL
Province: Quebec
Postal Code: H4P1H7
Country: Canada
Reg. Off. Eff: 2002/06/17
Status Date
Active 1996/11/07
Dissolution in Progress 1996/04/01
Active 1992/12/22
The Company is provincially qualified in Quebec under the following registration.
Incorporation Number: 1147310339
Legal Name: CORPORATION COMMERCIALE CRESCENT
Incorporation Date: 12/22/1992
Last Annual Report: 1/26/2006
Location: Canada
Address: 5430, ROYALMOUNT
MONTREAL QC H4P 1H7
Registered Agent: SEYMOUR LUTERMAN AVOCAT
R/A Address: 4150, STE-CATHERINE OUEST, BUREAU 330
MONTREAL (QUEBEC) H3Z 2Y5
MANAGERS / KEY PERSONNEL
Mr. Stephen Kisber President
Ms. Patricia Urgolo Controller
AFFILIATED COMPANIES
The Company is
affiliated with the following entities:
KISBER HOLDINGS
LTD.
KISBER & CO.
LTD.
Parent Companies
Parent Company: Centre D'Affaires 1000 Inc.
Address: 5430, ROYALMOUNT
City: Montreal
State/Province: PQ
Zip Code: H4P 1H7
Country: CANADA
SUBSIDIARIES
The Company has the following subsidiary:
CRESCENT SALVAGE COMPANY
BANKS
Bank of Nova
Scotia
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Address: |
1002 Sherbrooke
St. |
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City: |
Montreal |
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State/Province: |
PQ |
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Zip Code: |
H3A 3G6 |
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Country: |
CANADA |
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Telephone: |
514-499-5432 |
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Account Manager: |
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Bank rating: |
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Account Number: |
700110542717 |
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Open Since (D/M/Y): |
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Credit Facility: |
- |
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Overdraft Limit: |
- |
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Outstanding Amount: |
- |
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Bank Loans: |
- |
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Returned Checks: |
- |
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Average Account Balance: |
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The Company declined to provide a signed authorization for credit
information. |
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PAYMENT HISTORY
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------------------------------------------------------------------------------ |
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Supplier's Name/Industry Terms Amount/Pay Habits/Comments |
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Rptd Open Credit Credit High Total Current Past Due/Pay Period |
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Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd |
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------------------------------------------------------------------------------ |
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Business Services: |
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*Feb 0 39,348 3,616 3,616 0 0 0 |
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Whlsl-Durable Goods: |
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*Jan 0 1,426 960 443 324 193 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 5 90 Days 40,774 4,576 4,059 324 193 0 |
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Reported ------- ------- ------- ------- ------- ------- |
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CITI CARDS CANADA: 800-233-8619 DLA-2007/09/17 26 # |
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*Oct Jun/2004 750 542 355 355 0 0 0 |
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Trucking: |
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*Feb 0 265 265 0 12 253 0 |
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------- ------- ------- ------- ------- ------- |
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P.I. = 8 Total 41,581 5,196 4,414 336 446 0 |
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Reported ------- ------- ------- ------- ------- ------- |
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PAYMENT TRENDS |
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------------------------------------------------------------------------------ |
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Payment C.I. Number of Total Current Overdue |
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Quarters Index Score Suppliers Owing $ 1st 2nd 3rd |
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------------------------------------------------------------------------------ |
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4 Qtr/2007 33 15 2 4,685 355 4,330 0 0 |
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3 Qtr/2007 0 8 3 5,139 5,139 0 0 0 |
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2 Qtr/2007 7 8 3 1,417 1,149 268 0 0 |
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1 Qtr/2007 4 12 3 4,961 4,696 12 253 0 |
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4 Qtr/2006 0 18 4 4,351 4,351 0 0 0 |
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3 Qtr/2006 15 20 2 647 406 241 0 0 |
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2 Qtr/2006 26 16 3 1,946 1,247 248 451 0 |
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1 Qtr/2006 1 12 3 17,088 16,362 726 0 0 |
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4 Qtr/2005 33 17 4 75,153 776 73,685 692 0 |
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FINANCIAL INFORMATION
Ms. Urgolo
declined to provide any financial statement information for this report, citing
company policy.
CURRENT OPERATIONS
SIC Code: 7389
NAICS Code: 56199
All Other Support
Services
Number of Employees: 10
Business Activity:
The Company is a
provider of liquidation, auction, and salvage services.
The Subject
exports products to the U.S. and Europe.
The heading address is the sole location for the Subject. The facility
consists of owned office and warehouse space.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy
petitions or Uniform Commercial Codes.
COMMENTS
The Subject, provincially chartered in 1992 in Quebec, is engaged as a provider
of auction, liquidation, and salvaging services. The payment record is limited,
however, generally satisfactory and the operating history is clear. No
derogatory information or bankruptcy petitions were reported or noted. The
Company is responsible for normal business transactions.
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%)