MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
MPB COMMUNICATIONS, INC. |
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Registered Office : |
147 Hymus Road Pointe Claire,
QC H9R 1E9 |
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Country : |
Canada |
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Date of Incorporation : |
10.08.1996 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Research and Development. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2,000,000 |
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Status : |
Good |
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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 |
2,000,000 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 100 = 64.5 EUR Satisfying |
IDENTIFICATION
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Company Name: |
MPB Communications, Inc. |
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Address: |
147 Hymus Road Pointe Claire,
QC H9R 1E9 Canada |
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Phone: Facsimile: ID: State: Managers: |
514-694-8751 514-694-6869 1148539688 Quebec Morrel Paul Bachynski,
President |
Date founded: |
10/08/1996
Corporation for Profit N.A. Employees: 120 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Research & Development. |
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BANK
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Royal Bank.
BUSINESS
Operations:
At the above address, we find the headquarters of the company MPB
Communications, Inc.
Business:
MPB produces a series of Optical Link Enhancing transmission equipment
for repeaterless systems.
Its products include low noise preamplifiers, high power amplifiers,
boosters, narrow spectrum sources and transmitter modulators for transmission,
remotely pumped amplifiers, and patented Raman pump sources.+
MPB also supplies branching units for traffic diversity within a
repeaterless submarine system as well as splice boxes used in the repair of
broken undersea cables.
In addition, MPB provides engineering services in support of customer
requirements. These services include optimization studies, network cost benefit
analysis, system design, system engineering.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The Director of the company
is:
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Morrel Paul Bachynski, President.
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
MPB Communications 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 |
65,000,000 |
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Operating profit |
3,900,000 |
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Net income |
2,600,000 |
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Net worth |
5,000,000 |
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Bank liabilities |
13,000,000 |
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Current assets |
42,000,000 |
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Fixed Assets |
2,000,000 |
LEGALS
0 Suits
0 Judgments
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 of 40 days
Our final opinion:
This is a small company working in the US market.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Good Controlled Good |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
2,000,000USD
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%)