MIRA INFORM REPORT
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Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PIONEER PETROTECH SERVICES INC |
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Registered Office : |
#1, 1431 - 40 Ave. NE, Calgary,
Alberta, T2E 8N6 |
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Country : |
Canada |
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Year of Establishment : |
Since 12 years |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Development and manufacturing
of high quality pressure and temperature gauges |
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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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: CAD |
IDENTIFICATION
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Ordered as: |
Pioneer Petrotech Services Inc |
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Address in the order: |
1, 1431-40, Avenue NE,
Calgary, AB, Canada, T2E 8N6 |
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Legal Name: |
Pioneer Petrotech Services Inc |
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Trdae Name: |
PPS |
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Legal Address |
#1, 1431 - 40 Ave. NE Calgary, Alberta, T2E 8N6,
Canada |
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Telephone: |
+ 1 (403) 282-7669 |
Document Number : |
NA |
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Fax: |
+ 1 (403) 282-0509 |
Legal Form: |
Corporation for Profit |
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Email: |
infopps@pioneerps.com |
Registered in: |
Alberta |
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Website: |
www.pioneerps.com |
Date Created: |
12 years |
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Manager: |
Kevin Zhao, President |
Date Incorporated: |
NA |
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Staff: |
32 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Development and manufacturing of high quality pressure and temperature
gauges |
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BANKS
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Name of the Bank |
BANK OF MONTREAL |
BUSINESS
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PRINCIPAL ACTIVITY |
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Pioneer Petrotech Services Inc. (PPS) is a global player in the
development and manufacturing of high quality pressure and temperature gauges
for oil and geothermal industries. The company's electronic and mechanical technologies have enabled us
to deliver robust 200 and 300 deg.C products to their world wide customers. The easy to use software has made gauge operator's job a lot more
productive and simpler. The entity's mission is to help customers acquire accurate reservoir pressure,
temperature, depth, and flow data in all types of well conditions. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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The subject employs 15 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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Comments on location: |
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The structure is claiming other locations at the followings addresses: Regional offices China Pioneer Petrotech Services Inc. Marine Hi-Tech Development Zone, #4668 Xinbei Road, Tanggu Tianjin, China, 300450 Contact: Shi Jian Mobile: +86-15620808882 Tel: +86-22-66351929, Fax: +86-22-66351929, ext. 1002 E-Mail: shijian@pioneerps.com India Pioneer Petrotech Services Inc. Jai Radhey Krishna Society, C-6, Waldhuni Shivaji Nagar Kalyan West Disst Thane Mumbai, India, 421301 Contact: Amandeep Kaur Mobile: +91-9920705052 E-Mail: aman@pioneerps.com Indonesia Pioneer Petrotech Services Inc. Jl. Jati Padang Raya No.11 Pasar Minggu Jakarta 12540, Indonesia Contact: Mick Moore Mobile: +62-8131-7573-480 Fax: +62-21-7884-6278 E-Mail: mickm@pioneerps.com International representatives Australia R&D Solutions Suite 6, Level 3 1111 Hay Street Australia, 6164 West Perth WA 6005 Tel +61-8-948-693-50 Fax +61-8-942-930-98 E-mail: doug.gillespie@randd-solutions.com Indonesia P.T. Oandgee Tehnik Indonesia Jl. Jati Padang Raya No. 11 Ps., Minggu, Jakarta, 12540 Phone: +62-78846275, Fax:
+62-78846278 E-mail: sales@oandgee.co.id Nigeria Emval Nigeria Limited No. 5 Waico Road, Effurun, P.O.Box 852 Warri, Nigeria Phone: +234-53-257965, 251042, 250818 E-mail: emvalwarri@yahoo.com Russia INFORMPLAST 127422, Russia, Moscow,Dmitrovsky Proezd, 10 Phone/Fax: (095)974-83-58 E-mail:
solopov@informplast.ru  |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Kevin Zhao, Owner |
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anagement: |
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Kevin Zhao, President. |
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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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However our financial sources could provide us with the following data. |
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Those figures are esti |
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mates provided by confidential banking and financial institutions working with the company. |
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Currency |
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DATE |
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CAD |
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2010 |
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Turnover |
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3,000,000 |
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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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The company
is growing in Canada. The staff
appeared cooperative and confident
during the interview. The
business is established. The
company’s industry has not recently
been related to specific adverse. We estimate
that the entity can bear a credit line. A business
connection can be conducted. |
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SUMMARY
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Profitability |
CORRECT |
Public
Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person
Interviewed |
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Joe |
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Position |
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Accounting
Assistant |
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Comments |
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She
confirmed all the information included
in the report. |
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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.44.82 |
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UK Pound |
1 |
Rs.72.84 |
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Euro |
1 |
Rs.64.58 |
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.