MIRA INFORM REPORT

 

 

Report Date :

08.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

TECHNOPHAR EQUIPMENT & SERVICE LTD.

 

 

Registered Office :

456 Silver Creek Industrial Dr Tecumseh, ON N8N4Y3

 

 

Country :

Canada

 

 

Date of Incorporation :

01.02. 1988

 

 

Com. Reg. No.:

0054168349

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturer Special Industry Machinery

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

 

Company Information

 

 

TECHNOPHAR EQUIPMENT & SERVICE LTD.
456 SILVER CREEK INDUSTRIAL DR
TECUMSEH, ON N8N4Y3
(519) 737-1055

File Number:

0054168349

Subject Number:

QP8514

File Established:

02/2003

SIC Code:

35590000 - Mfr-Special Industry Machinery

 

 

 

 

Legal and Derogatory Items

 

Bankruptcy filings:

0

Most recent

N/A

Judgments:

1

Amount

N/A

Most recent

Dec 2007

Suits:

                                                                                                   2

Amount

$1,005,000

Most recent

Feb 2007

Collection claims:

0

Amount

N/A

Most recent

N/A

Returned checks:

0

Amount

N/A

Most recent

N/A

 

Credit Information

Number of lines:

Financial

0

Trade

34

Total balance:

Financial

$0

Trade

$481,785

High credit limit:

Financial

$0

Trade

$637,062

Average balance:

Financial

0

Trade

$14,170

Inquiries:

15

 

 

 

 

 

Back to top

 

Payment Information

 

 

Quarterly Payment Trends

Quarters

Composite
Index

Payment
Index

Total
Trade
Lines

Total
Balance

Current

30

60

90

Q1 - 2008

20

16

18

$400,937

 

57%

 

42%

 

1%

 

0%

 

Q4 - 2007

13

14

16

$376,708

 

61%

 

38%

 

1%

 

0%

 

Q3 - 2007

13

9

17

$335,602

 

75%

 

25%

 

0%

 

0%

 

Q2 - 2007

25

24

20

$130,339

 

43%

 

46%

 

11%

 

0%

 

Q1 - 2007

27

25

15

$76,240

 

34%

 

64%

 

2%

 

0%

 

Q4 - 2006

10

18

16

$274,118

 

66%

 

23%

 

3%

 

8%

 

Q3 - 2006

10

19

16

$347,010

 

46%

 

53%

 

1%

 

0%

 

Q2 - 2006

14

21

23

$286,102

 

44%

 

54%

 

3%

 

0%

 

Q1 - 2006

17

18

16

$182,744

 

54%

 

45%

 

1%

 

0%

 

 

Back to top

Trade Payment Experiences

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Mfr-Air Conditioning Equipment

May 2008

$12,196

 

$12,196

 

$0

 

$12,196

 

$0

 

$0

 

 

Wholesale-Elec Equip

May 2008

$22,763

 

$8,748

 

$978

 

$7,770

 

$0

 

$0

 

 

FORD CREDIT

Apr 2008

$25,501

 

$1,062

 

$1,062

 

$0

 

$0

 

$0

 

 

Wholesale-Elec Equip

Apr 2008

$430

 

$430

 

$215

 

$215

 

$0

 

$0

 

 

Wholesale-Mens Wear

Apr 2008

$321

 

$321

 

$321

 

$0

 

$0

 

$0

 

 

Whlsl-Ind Mach Sppls

Apr 2008

$821

 

$821

 

$821

 

$0

 

$0

 

$0

 

 

Whlsl-Ind Mach Sppls

Apr 2008

$654

 

$319

 

$319

 

$0

 

$0

 

$0

 

 

GENERAL MOTORS CORP

Apr 2008

$33,641

 

$28,117

 

$28,117

 

$0

 

$0

 

$0

 

 

Wholesale-Elec Equip

Apr 2008

$16,065

 

$16,065

 

$5,306

 

$10,759

 

$0

 

$0

 

 

Wholesale-Elec Appls

Apr 2008

$6,000

 

$194

 

$194

 

$0

 

$0

 

$0

 

 

ACKLAND GRAINGER CANADA INC

Apr 2008

$5,000

 

$24

 

$24

 

$0

 

$0

 

$0

 

 

PNEUMATIC IND EQUIP

Apr 2008

$248

 

$248

 

$248

 

$0

 

$0

 

$0

 

 

Mfr-Elctrnc Compnent

Apr 2008

$737

 

$737

 

$0

 

$437

 

$300

 

$0

 

 

Whlsl-Plumbing/Heatg

Apr 2008

$16,290

 

$30

 

$30

 

$0

 

$0

 

$0

 

 

Whlsl-Farm Supplies

Apr 2008

$1,418

 

$1,418

 

$1,418

 

$0

 

$0

 

$0

 

 

Whlsl-Industrl Paper

Mar 2008

$885

 

$885

 

$627

 

$258

 

$0

 

$0

 

 

Arrg Transp of Freight & Cargo

Mar 2008

$50,000

 

$29,503

 

$8,013

 

$21,490

 

$0

 

$0

 

 

Whlsl-Ind Mach Sppls

Mar 2008

$23,567

 

$23,567

 

$2,665

 

$20,437

 

$404

 

$61

 

 

Wholesale-Elec Equip

Feb 2008

$271,164

 

$271,164

 

$159,553

 

$111,611

 

$0

 

$0

 

 

Whlsl-Durable Goods

Feb 2008

$34

 

$34

 

$34

 

$0

 

$0

 

$0

 

 

Mfr-Pump & Pumping Equipment

Feb 2008

$21,719

 

$21,719

 

$16,312

 

$3,769

 

$1,638

 

$0

 

 

Wholesale-Elec Equip

Feb 2008

$13,122

 

$182

 

$0

 

$0

 

$182

 

$0

 

 

Business Services

Jan 2008

$3,433

 

$3,433

 

$3,433

 

$0

 

$0

 

$0

 

 

Mfr-Truck/Trailer

Jan 2008

$123

 

$123

 

$123

 

$0

 

$0

 

$0

 

 

Trucking (APTA)

Jan 2008

$1,500

 

$1,423

 

$1,423

 

$0

 

$0

 

$0

 

 

Whlsl-Constr/Mine Eq

Dec 2007

$9,800

 

$9,800

 

$8,282

 

$1,518

 

$0

 

$0

 

 

Transportation Serv

Dec 2007

$3,339

 

$3,339

 

$3,339

 

$0

 

$0

 

$0

 

 

CHRYSLER FINANCIAL

Nov 2007

$70,958

 

$31,536

 

$31,536

 

$0

 

$0

 

$0

 

 

Mfr-Paint, Varnishes, Lacquers

Nov 2007

$111

 

$39

 

$39

 

$0

 

$0

 

$0

 

 

Lending Institution

Oct 2007

$1,463

 

$422

 

$422

 

$0

 

$0

 

$0

 

 

Whlsl-Electronic Pts

Sep 2007

$10,000

 

$127

 

$127

 

$0

 

$0

 

$0

 

 

Transportation Serv

Aug 2007

$267

 

$267

 

$267

 

$0

 

$0

 

$0

 

 

Mfr-Pump & Pumping Equipment

Jul 2007

$12,820

 

$12,820

 

$0

 

$12,820

 

$0

 

$0

 

 

Transportation Serv

Jun 2007

$672

 

$672

 

$539

 

$133

 

$0

 

$0

 

 

 

Total

 

$637,062

 

$481,785

 

$275,787

 

$203,413

 

$2,524

 

$61

 

 

 

# - Indicates Long Term Secured Debit, which is NOT included in the PI and CI calculation.

 

Back to top

Legal Information

 

 

Judgments

Type of Action:

Default Judgment

Plaintiff:

PETRU ANDREAS

Amount:

N/A

Reason:

N/A

Date Filed:

Dec 27, 2007

Court:

Small Claims Court

Court Location:

Windsor

Court File Number:

SU8705CM-0

Defendant name as it appears in Court Document: TECHNOPHAR EQUIPMENT AND SERVICE LIMITED

 

Back to top

Suits

Type of Action:

Statement of Claim

Plaintiff:

PETRU ANDREAS

Amount:

$480,000

Reason:

Employment

Date Filed:

Feb 26, 2007

Court:

General Division

Court Location:

Windsor

Court File Number:

SU8705CM-0

Defendant name as it appears in Court Document: TECHNOPHAR EQUIPMENT AND SERVICE LIMITED

Type of Action:

Statement of Claim

Plaintiff:

ROBERT BAKSI

Amount:

$525,000

Reason:

Employment

Date Filed:

May 18, 2005

Court:

Small Claims Court

Court Location:

Windsor

Court File Number:

SU4903CM-0

Defendant name as it appears in Court Document: TECHNOPHAR EQUIPMENT AND SERVICE LIMITED

 

Back to top

Banking Information

 

 

Bank Relationships

This bank report was obtained on: Apr 11, 2006

Bank Name:

ROYAL BANK OF CANADA
MAIN BR - WINDSOR

Address:

245 OUELLETTE AVE
WINDSOR, ON N9A7J2
Branch: 003, Transit: 07922

Reference:

Phone: (519) 255-8658
Fax: (416) 974-7028

Account Type(s):

Current account

Account Opened:

For more than 3 years

Account Balance:

High 6 figures

Returned Checks:

None

Line of Credit Details

Credit Line Type(s):

Line of credit

Line of Credit Date:

Not available

Line of Credit Authorized:

Low 7 figures

Rating on Line of Credit:

Not available

Secured? By What?:

Not available

Signing Officer(s):

Not available

This bank report was obtained on: Feb 24, 2003

Bank Name:

ROYAL BANK OF CANADA
DEVON PLAZA BRANCH

Address:

2669 HOWARD AVE
WINDSOR, ON N8X4Z3
Branch: 003, Transit: 07942

Reference:

Phone: (416) 974-5858
Fax: (416) 974-0700

Account Type(s):

Current account

Account Opened:

Dec ,

Account Balance:

Medium 5 figures

Returned Checks:

None

Line of Credit Details

Credit Line Type(s):

Line of credit

Line of Credit Date:

Not available

Line of Credit Authorized:

Medium 7 figures

Rating on Line of Credit:

Not available

Secured? By What?:

General security agreement

Loan Details

Loan Type(s):

Letter of guarantee

Loan Date:

Not available

Loan Amount:

$53,000,000

Still Owing:

N/A

Terms:

N/A

Rating:

N/A

Secured? By What?:

Not available

Signing Officer(s):

Not available

 

Back to top

Company Background Information

 

 

Incorporation

Effective Date:

Feb 01, 1988

Registration Number:

 

Location:

Not Available

Operation Since:

Nov 12, 1997

Comments:

N/A

 

Back to top

Other Names or Addresses

Multiple names and/or addresses have been reported for this business. Validations are listed below. Regardless of which address you've chosen to pull this report for, the information is identical.

TECHNOPHAR, 456 SILVER CREEK INDUSTRIAL DR, WINDSOR, ON N8N4Y3

TECHNOPHAR EQUIPMENT & SERVICE LTD., 456 SILVER CREEK INDUSTRIAL DR, TECUMSEH, ON N8N4Y3

TECHNOPHAR GELCELL LTD, 1370 ARGYLE RD, WINDSOR, ON N8Y3K7

TECHNOPHAR EQUIPMENT & SERVICE LIMITED, 3183 DEVON DR, WINDSOR, ON N8X4L3

TECHNOPAR EQUIPMENT & SERVICE LTD, 456 SILVER CREEK INDUSTRIAL DR, TECUMSEH, ON N8N4Y3

TECHNOPHAR EQUIPMENT & SERVICE LTD, 3183 DEVON DR, WINDSOR, ON N8X4L3

 

Back to top

Inquiries

 

 

Inquiries

Inquiry Date

Inquirer's Name/Industry

 

 

 

 

 

 

 

Dec 13, 2007

Whlsl-Durable Goods

 

 

 

 

 

 

 

Nov 15, 2007

Wholesale-Elec Equip

 

 

 

 

 

 

 

Oct 29, 2007

Whlsl-Plumbing/Heatg

 

 

 

 

 

 

 

Sep 12, 2007

SHELLEY INDUSTRIAL

 

 

 

 

 

 

 

Jul 31, 2007

NATL LEASING GROUP

 

 

 

 

 

 

 

Jul 31, 2007

CIT FINANCIAL

 

 

 

 

 

 

 

Jul 31, 2007

NATL LEASING GROUP

 

 

 

 

 

 

 

Jun 27, 2007

CITICAPITAL CVF/CTF

 

 

 

 

 

 

 

Jun 25, 2007

CITICAPITAL CVF/CTF

 

 

 

 

 

 

 

Jun 22, 2007

Business Services

 

 

 

 

 

 

 

Jun 19, 2007

DE LAGE LANDEN FIN

 

 

 

 

 

 

 

Apr 19, 2007

WADDICK FUELS

 

 

 

 

 

 

 

Dec 18, 2006

Whlsl-Ind Mach Sppls

 

 

 

 

 

 

 

Dec 15, 2006

CITICAPITAL CVF/CTF

 

 

 

 

 

 

 

Apr 27, 2006

Arrg Transp of Freight & Cargo

 

 

 

 

 

 

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions