MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
STREAM FLO INDUSTRIES LTD |
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Registered Office : |
4505 74 Avenue |
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Country : |
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Year of Establishment : |
1962 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Oilfield Equipment Producers |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100 CAD = 100.12 USD |
IDENTIFICATION
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Ordered as: |
Stream Flo Industries Ltd |
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Address in the order: |
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Legal Name: |
Stream Flo Industries Ltd |
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Legal Address |
4505 74 Avenue |
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Operative Address |
4505 74 Avenue |
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Telephone: |
+1 (780) 468.6789 |
Registration Number : |
NA |
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Fax: |
+1 (780) 469.7724 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
1962 |
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Manager: |
Duncan McNeill, Chairman of the Board |
Date Incorporated: |
1962 |
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Staff: |
200 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
oilfield equipment producers |
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BANKS
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Name of the Bank |
RBC |
BUSINESS
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HISTORY |
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The company was established in the year 1962 |
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PRINCIPAL ACTIVITY |
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The company engages as oilfield equipment producers |
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Products/Services description: |
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Valves, drilling and completion equipment. |
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Sales are: |
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Wholesale |
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Clients: |
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Oil Producers |
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Operations area: |
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National, Local |
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The company imports from Europe and |
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The company does not export |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 4505 – 74 Avenue |
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Comments on location: |
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These are the headquarters |
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Branches: |
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There is a branch at 400 Bow Valley Square One 202 6 Avenue SW T2P 2R9 Tel (403) 269.5531 Fax (403) 266.3307 |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held by the Mc Neil family members |
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Management: |
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Duncan McNeill, Chairman of the Board Mark McNeill, President, CEO Abbey Raikles, Vice President, Operations Brian Grierson, Vice President, Wellhead Business Unit Sales &
Marketing Doug Jarvin, General Manager, Valve Business Unit Doug McNeill, Executive Vice President, Business Development Greg Allen, Vice President, Product Development and Field Services Keith Farquharson, Vice President, Wellhead Business Unit Engineering Len Lambert, Vice President, Finance Tony Lam, Executive Vice President, Engineering and Operations |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the finance department representative who refused
to provide us any financial data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
Currency |
DATE |
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USD |
2009 |
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Turnover |
44,272,800 |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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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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Final Opinion |
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This company has been in business for 48
years, it has a staff of 200 employees which makes it a medium sized company.
There were no legal filings found against the company or its legal
representatives. A credit line may be considered for USD
500.000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.