MIRA
INFORM REPORT
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Report Date : |
05.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGRIMAX LTD |
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Registered Office : |
263 Range
Road, Box #9, Irricana,
AB, T0M 1B0 |
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Country : |
Canada |
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Date of Incorporation : |
08.11.2000 |
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Legal Form : |
Limited Company |
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Line of Business : |
Producer of
Sulfer-Based Fertilizers for the Agriculture Industry. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: AGRIMAX
LTD.
Trade Name:
Address: 263
RANGE ROAD, BOX #9
City: IRRICANA
State/Province: AB
Zip Code: T0M
1B0
Telephone: 403-935-8800
Facsimile: 403-935-8811
URL www.agrimaxcorp.com
Country: CANADA
Founded (D/M/Y): 2000
Number of Employees: 25
Legal Form: Limited
Company
Shareholder:
Sales / Revenue: -
Net Income:
Total Equity:
Business Activity: The Subject is engaged as a producer of sulfer-based fertilizers for tha agriculture industry.
NOTE TO CLIENT
NOTE:
The provided
address: BOX # 9 is the Subject's mailing address.
Several messages were left with the Subject
but we received no response to either
our telephone inquiries or a written request sent via fax. As such, information in this report cannot be
substantiated. However, should we receive information from the Subject at a
later time, this report will be updated accordingly.
LEGAL
Legal Form: Limited
Company
Incorporation
State AB
Status: ACTIVE
Since (D/M/Y): 08/11/2000
The company is NOT
required to publish an annual financial report.
ALBERTA CORPORATE REGISTRY:
Corporate Access Number: 209053560
Legal Entity Name: AGRIMAX LTD.
Legal Entity Status: Active
Alberta Corporation Type: Named Alberta Corporation
Registration Date: 2000/11/08 YYYY/MM/DD
MANAGERS / KEY PERSONNEL
Mr. Claude St.
Martin Chairman Of
The Board Of Directors
Dr. Gerry Katney President & CEO
Mr. Peter Ramsey Chief Financial
Officer
Mr. Peter Torrance Vice President and
Controller
AFFILIATED COMPANIES
The company's
website reports no affiliates or subsidiaries.
BANKS
HONG KONG AND SHANGHAI
BANKING CORP (HSBC)
State/Province: AB
Country: CANADA
Requires addition
account information and a signed authorization which could not be obtained at
this time.
PAYMENT HISTORY
NOTE:
A significant payment record could not be developed and we could not obtain supplier references from management at this time.
TRADE ITEMS
------------------------------------------------------------------------------
Supplier's Name/Industry Terms Amount/Pay Habits/Comments
Rptd Open Credit Credit High Total Current Past Due/Pay Period
Date Date Limit Limit Dt. Credit Owing $ 1st 2nd 3rd
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Business Services:
*Mar 0 4,556 4,556 1,172 389 778 2,217
VANGUARD COLL AGENCY: 780-486-1011
*Mar Jan/2007 0 920 920 0 0 0 920
------- ------- ------- ------- ------- -------
P.I. = 69 Total 5,476 5,476 1,172 389 778 3,137
Reported ------- ------- ------- ------- ------- -------
PAYMENT TRENDS
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Payment C.I. Number of Total Current Overdue
Quarters Index Score Suppliers Owing $ 1st 2nd 3rd
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4 Qtr/2007 NA 44 0 0 0 0 0 0
3 Qtr/2007 NA 44 0 0 0 0 0 0
2 Qtr/2007 NA 44 0 0 0 0 0 0
1 Qtr/2007 69 52 2 5,476 1,172 389 778 3,137
4 Qtr/2006 NA 38 0 0 0 0 0 0
3 Qtr/2006 27 45 3 6,006 3,212 1,584 393 817
2 Qtr/2006 93 54 3 64,919 3,437 1,621 0 59,861
1 Qtr/2006 93 54 2 69,143 3,242 1,621 1,621 62,659
4 Qtr/2005 99 50 1 2,403 0 0 0 2,403
FINANCIAL INFORMATION
Financial
information could not be obtained from the Subject at this time. An outside
source indicates an annual net sales figure of CAD 50 million.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 11
Agriculture,
Forestry, Fishing, and Hunting
Number of Employees: 25
Business Activity:
The Subject is
engaged as a producer of sulfer-based fertilizers for the agriculture industry.
The headquarters
is at the heading address. The company's website reports no branch locations.
PUBLIC RECORD
JUDGEMENT AGAINST THE COMPANY:
Debtor AGRIMAX LIMITED,01071381640
Creditor 3rd Party Collection
Date Placed May 18, 2007
Amount Placed 30,971
Agency CBV COLLECTION SERVICES LTD
Comment Judgment Obtained
NO BANKRUPTCY PETITION WAS FILED BY THE COMPANY.
COMMENTS
The Subject is engaged as a producer of sulferbased fertilizers for tha agriculture industry. A significant payment record could not be developed and a search of public found one judgement against the company. No bankruptcy petition was found.
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%)