MIRA INFORM REPORT

 

 

Report Date :           

04.05.2011

 

IDENTIFICATION DETAILS

 

Name :

TAIGA BUILDING PRODUCTS LIMITED

 

 

Registered Office :

# 800, 4710 Kingsway, Burnaby BC V5H 4M2

 

 

Country :

Canada

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

September 1994

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesales Lumber

 

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

 

Maximum Credit Limit :

USD 500,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 100.00 USD = 95.1505 CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Taiga Building Products

Address in the order:

PO Box 80329 Burnaby British Columbia Canada V5H 3X6

 

 

Legal Name:

Taiga Building Products Limited

 

 

Legal Address

# 800, 4710 Kingsway, Burnaby BC V5H 4M2, Canada

 

 

Mailing Address

P.O. Box 80329

Burnaby BC

V5H 3X6

Telephone:

+1 (604) 438-1471

ID :

BC-0000733942

Fax:

+1 (604) 439-4242

Legal Form:

Limited Company

Email:

NA

Registered in:

Canada

Website:

http://www.taigabuilding.com/

Date Created:

1973

Manager:

Mr. T. Campbell White, CEO

Date Incorporated:

September 1994

Staff:

557

Stock:

NA

 

 

Value:

NA

Activity:

Wholesales Lumber

 

 

BANKS

 

Name of the Bank

HSBC Bank

 

BUSINESS

 

HISTORY

 

Taiga Building Products Ltd has evolved since its inception in 1973 from a wholesale lumber trading company to a diversified multi-product distributor with remanufacturing and lumber treatment facilities. In 1973 Taiga's operations were composed entirely of direct lumber shipments into various markets in Canada and the United States. The Company continued to expand the direct lumber sales function in the succeeding years while developing a product line of other solid wood products and allied building products and creating a chain of distribution centres in key areas in the Canadian market.

 

 

PRINCIPAL ACTIVITY

 

Lumber wholesale

Products/Services description:

 

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. It distributes dimension lumber, panel products, treated wood, engineered wood, roofing materials, moldings, composite decking, polyethylene sheeting, batt and foam insulation, and siding and flooring products. The company also offers plant treating and wood engineering services.

 

 

Sales are:

 

Wholesale

Clients:

 

Retailers and industrial customers

The company export to USA

The subject employs 557 employee(s)

LOCATION

Headquarters

 

The company is headquartered at the address listed above.

Comments on location:

 

The company reports several locations across Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

YES

Shareholders Parent Company(ies):

 

This is a publicly traded company at the Toronto stoch exchange, ticker symbol "TBL".

Management:

 

T. Campbell White, CEO

Tom Stefan, CFO

Trent Balog, COO

Related Companies:

 

Dynamic Forest Products Ltd.

 

(Among others)

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

The subject is a public company traded at the Toronto stock exchange, ticker symbol TBL. Please find enclosed the financial statements.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

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.

                               

 

 Final Opinion

 

This is a big sized Canadian company which employs 557 persons and has 37 years of experience in the market.

 

There were no legal filings found against the company or its legal representatives.

 

This is a publicly traded company at the Toronto stock exchange, ticker symbol "TBL".

 

The structure is covered on the short term, but not on the long one.

 

A credit line may be considered for USD 500,000 with a strong monitoring for the length of payment to couple the credit line with extensive guarantees to completely secure this credit line.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

HIGH

Payments

TO BE MONITORED

Cash

LOW

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.34

UK Pound

1

Rs.73.70

Euro

1

Rs.65.75

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.