MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
LABORATOIRES BUCKMAN DU
CANADA, LTEE |
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Registered Office : |
351 Joseph Carrier,
Vaudreuil Dirion, Quebec J7V 5V5 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2002 |
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Legal Form : |
Federal Corporation |
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Line of Business : |
Manufacturer of specialty Chemicals for use in the Pulp and Paper,
Water Treatment, and Leather Industries. |
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 : |
CAD 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
LABORATOIRES BUCKMAN DU CANADA,
LTEE
BUCKMAN LABORATORY OF
CANADA, LTD
Address
351 Joseph Carrier, Vaudreuil Dirion, Quebec J7V 5V5 –
Canada
Telephone : 450-424-4404
Fax : 450-424-4294
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
3989691 Federal Federal Corporation (A Federal Corporation is
allowed to do business in all the Provinces of Canada) 01-01-2002 - - Tom D. JOHNSTONE |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
The Company is issued
from the merger of: - BUCKMAN LABORATORIES OF
CANADA, LTD (Federal ID# 0330752) - ECLIPSE PRODUITS
CHIMIQUES INC (Federal ID# 3850366) Buckman Laboratories is an ISO certified manufacturer of specialty
chemicals for use in the pulp and paper, water treatment, and leather
industries. 180 |
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Operations & branches: |
At above address, we find
a manufacture, warehouse and office, owned. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
The major shareholder is: BULAB HOLDINGS INC. 1256 North McLean Memphis, TN 38108 - USA (holding of the Buckman family) The second shareholder is: R.H. BUCKMAN 3653 S. Galloway Drive Memphis, TN 3811 - USA |
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Management : |
Tom D. JOHNSTONE is the
President and CEO. Vice President and
Directors include: - Ihab WASSEF - Ken ROSSEL - Davor MEHES Rosemary GHALI is
Director and Secretary. Edson PEREDO is Director. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
Headquartered in Memphis, Tennessee, USA., the group has a global
presence in over 90 countries worldwide-serving customers on every continent.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody was
available to answer our questions.
We sent a fax but no answer
was received.
Find on attachment, the
annual report of the group.
Banks
Banque de Montreal
…
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
None |
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 94% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
CAD 1,000,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)