MIRA
INFORM REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Name : |
HEMISPHERE GPS INC |
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Registered Office : |
4110 |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
31.07.1990 |
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Legal Form : |
Limited Company |
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Line of Business : |
GPS designer and manufacturer |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
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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 –
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: CAD |
IDENTIFICATION
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Ordered as: |
Hemisphere GPS Inc |
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Address in the order: |
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Legal Name: |
Hemisphere GPS Inc |
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Legal Address |
4110 |
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Telephone: |
(403) 259-3311 |
ID : |
NA |
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Fax: |
(403) 259-8866 |
Legal Form: |
Limited Company |
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Email: |
info@hemispheregps.com |
Registered in: |
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Website: |
http://www.hemispheregps.com |
Date Created: |
1990 |
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Manager: |
Steven L. Koles - President, CEO, and Director |
Date Incorporated: |
July 31, 1990 |
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Staff: |
100 |
Stock: |
55,561,676 |
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Value: |
$107,708,468 |
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Activity: |
GPS designer and manufacturer |
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BANKS
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Name of the Bank |
Canadian Imperial Bank of Commerce |
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Name of the Bank |
ROYAL BANK OF |
BUSINESS
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HISTORY |
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The company was created in 1990 In 1997 the company became publicly traded. In 2009, the Company completed certain restructuring activities with
the objective of improving the efficiency and effectiveness of its operations. These
activities included the closure of the |
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PRINCIPAL ACTIVITY |
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GPS designer and manufacturer |
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Products/Services description: |
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Hemisphere GPS designs and manufactures GPS and complimentary products
for positioning, guidance, and machine control applications. Hemisphere GPS is a global company with sales in more than 35
countries. Business groups include: - Agriculture Products Group - Precision Products Group - Earthworks Products Group |
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Sales are: |
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Wholesale |
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Clients: |
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It serves ground agriculture, aerial agriculture, and precision markets,
including marine, geographic information systems, mapping, and surveying
markets |
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Operations area: |
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National, International |
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The company export to wordlwide |
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The subject employs 100 employee(s) |
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PAYMENTS |
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made on a 50 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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4110 |
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Comments on location: |
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Headquarters and operative location |
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Branches: |
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Phone: (785) 742-2976 Fax: (785) 742-4584 ground@hemispheregps.com Link me to a locator map Phone: (480) 348-9919 Fax: (480) 348-6370 info@hemispheregps.com Link me to a locator map Toll Free: 1-866-888-4472 Phone: (204) 888-4472 Fax: (204) 888-0991 info@hemispheregps.com Link me to a locator map Unit 2, Phone: + 61 (0) 7 3004-6700 Fax: 61 (0) 7 3004-6799 |
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Business Overview: |
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Demand is driven by consumer income and the rate of product innovation.
The profitability of individual companies depends on manufacturing efficiency
and effective marketing and distribution. Large companies have advantages in
economies of scale in manufacturing, marketing, and distribution. Small
companies can compete effectively by offering specialty products or
components in system solutions, such as speakers in a home theatre system.
Average annual revenue per worker is about $500,000 per year. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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YES |
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Shareholders Parent Company(ies): |
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The company is traded at the The Stock Market, Canadian Stock Exchange
| TMXmoney under the symbol "(HEM-T)". |
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Management: |
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-Steven Koles President, Chief Executive Officer, Director -Richard Heiniger, Vice Chairman of the Board -Cameron Olson, Chief Financial Officer, Senior Vice President -Lisa Smith Vice, President Operations -Phil Gabriel, Vice President and General Manager / Precision Products
-Kip Pendleton, Vice President and General Manager / Agriculture -Michael Pratt Vice President, Shared Services -Mohamed Abousalem, Vice President / Corporate Development and
Strategy -Michael Whitehead Vice President, Technology -Howard Yenke, Director -Paul Cataford, Director -John Tye, Director -Barry Batcheller, Director |
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Related Companies: |
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Trimble Navigation |
Financials - COMMERCIAL TRENDS AND FORECAST
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The company is traded at the The Stock Market, Canadian Stock Exchange
| TMXmoney under the symbol "(HEM-T)". Please find enclosed the Financial Statements attached to this report. |
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Legal Fillings |
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The company is subject to
various legal proceedings and claims that arise in the ordinary course of
their business. Although the outcome of these other claims cannot be
predicted with certainty, management does not believe that the ultimate
resolution of these matters will have a material adverse effect on the
financial condition or results of operations |
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 is a medium sized Canadian company, which employs 100 people and
has 20 years of experience in the market. The company is publicly traded, but financial structure shows a
negative performance. Therefore, we suggest working with guarantees. |
SUMMARY
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Profitability |
NEGATIVE |
Public |
YES |
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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.45.58 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.61.45 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.