MIRA INFORM REPORT

 

 

Report Date :           

28.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ELECTRONIC PIPELINE TECHNOLOGY LTD (EP TECH)

 

 

Registered Office :

26 Palomino Drive, Richmond Hill, Ontario, Canada L4C 0P8

 

 

Country :

Canada

 

 

Year of Establishment :

1980

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturing Engineering Company.

 

 

No. of Employees :

10 persons

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 40,000

 

 

Status :

Moderate

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

ELECTRONIC PIPELINE TECHNOLOGY LTD (EP TECH)

Trade Name:

EP TECH

 

Legal Address

26 Palomino Drive, Richmond Hill, Ontario, Canada L4C 0P8, USA.

 

Operative Address

26 Palomino Drive, Richmond Hill, Ontario, Canada L4C 0P8, USA.

 

Telephone:

+1 (905) 918-0025

ID :

N/A

Fax:

+1 (905) 918-0033

Legal Form:

Limited Company

Email:

sales@ep-tech.ca

Registered in:

Canada

Website:

http://www.ep-tech.ca

Date Created:

1980

Manager:

Mr. Alex Jeffery, P.Eng.

Date Incorporated:

N/A

Staff:

10

Stock:

N/A

 

 

Value:

N/A

Activity:

Manufacturing Engineering Company.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

The company has been manufacturing Cathodic Protection and Corrosion Control Equipment since 1980

 

PRINCIPAL ACTIVITY

 

The company designs and manufactures pipeline and cathodic protection equipment.

 

Products/Services description:

 

Hexlogger for CIPS, and DCVG Pipline Survey, High voltage

Holiday Detector, Analog DCVG Holiday Detector, Soil Test Resistance

Meter, GPS Current Interrupter, Pipeline locator, CP Voltmeter, amongst others.

Sales are:

 

Wholesale.

Clients:

 

Professionals of the industry.

Operations area:

 

National.

The subject employs 10 employees.

Comments on staff:

 

This information was not verified by the staff.

PAYMENTS

 

Regular.

 

LOCATION

Headquarters

 

The company is headquartered at:

26 Palomino Drive, Richmond Hill, Ontario, Canada L4C 0P8, USA.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Despite our searches, we were not able to find information about the company's main shareholders.

Management:

 

Mr. Alex Jeffery, P.Eng.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company, but there was no representative available to answer our call at the moment. Therefore, we left a message that has not been answered yet.

 

Comments on the financial data: At this time, the 2010 financial figures were neither revealed nor released to our sources.

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a NORMAL 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 small sized Canadian company which has been in business for more than 30 years.

 

The company is active and doing business. It is well established in the market. We did not find any detrimental legal or labor information filed against the company within the district court.

 

The subject is a licensed member of the professional Engineers of Ontario, Canada and is authorized to involve in any private or public projects in Canada and overseas.

 

We believe that a credit line can be considered for USD 40,000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

 

 

 

 

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

 

 

 

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company, but there was no representative available to answer our call at the moment. Therefore, we left a message that has not been answered yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.89

UK Pound

1

Rs.82.71

Euro

1

Rs.69.15

 

 

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.