MIRA INFORM REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ABC CANADA TECHNOLOGY GROUP LIMITED |
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Registered Office : |
1802 Quebec Avenue Saskatoonsk, Canada S7K 1W2 |
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Country : |
Canada |
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Year of Establishment : |
1968 |
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Legal Form : |
Limited Company |
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Line of Business : |
Ventilation Products |
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 345,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Canada |
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: USD |
IDENTIFICATION
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Ordered as: |
ABC Canada Technology
Group Limited |
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Address in the order: |
1802 Quebec Avenue
Saskatoonsk, Canada S7K 1W2 |
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Legal Name: |
ABC
Canada Technology Group Limited |
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Legal Address |
1802 Quebec Avenue
Saskatoonsk, Canada S7K 1W2 |
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Telephone: |
(306) 653-4303 |
ID : |
NA |
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Fax: |
(306) 653-3890 |
Legal Form: |
Limited Company |
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Email: |
info@abccanada.ca |
Registered in: |
Canada |
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Website: |
http://www.abccanada.ca/ |
Date Created: |
1968 |
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Manager: |
DARRYL YAUSIE, President |
Date Incorporated: |
NA |
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Staff: |
90 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Ventilation products |
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BANKS
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Name of the Bank |
ROYAL BANK OF CANADA |
BUSINESS
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HISTORY |
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The company was created
in 1968 |
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PRINCIPAL ACTIVITY |
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Ventilation products |
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Products/Services description: |
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Supplier of Ventilation
Products to the mining &
tunnelling industries worldwide. ABC Canada is a fully integrated
manufacturer, with in-house weft insertion production facilities to produce
"Ventatex (TM)", RipStop polyester fabrics, as well as PVC
Extrusion Coating equipment. |
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The subject employs 90
employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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1802 Quebec Ave,
SASKATOON, Saskatchewan, S7K 1W2, Canada |
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Comments on location: |
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Headquarters |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company.
The Yausie family is the main shareholder. |
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Management: |
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DARRYL YAUSIE, President JAMES YAUSIE, Vice President |
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Related Companies: |
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ABC VENTILATION SYSTEMS INTERNATIONAL LTD ABC VENTILATION SYSTEMS SOUTHAFRICA (PY)LTD |
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
company, who refused to provide us any financial data without knowing
the name of the inquiring party. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
22,478,400 |
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The cash flow is |
NORMAL |
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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 is a medium sized Canadian company, which employs 90 people and
has 42 years of experience in the market. Profitability per employee is correct. The company has affiliated in Europe and South Africa. A credit line may be considered for USD 345,000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We have contacted the
company, who refused to provide us any financial data without knowing the
name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.87 |
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UK Pound |
1 |
Rs.72.83 |
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Euro |
1 |
Rs.64.37 |
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.