MIRA INFORM REPORT
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Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
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Name : |
EVERTZ MICROSYSTEMS LTD |
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Registered Office : |
5292, |
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Country : |
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Year of Establishment : |
1966 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Film equipment for production |
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 80,000. |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: USD |
IDENTIFICATION
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Ordered as: |
Evertz Microsystems Ltd |
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Address in the order: |
5292, |
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Legal Name: |
Evertz Microsystems Ltd |
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Legal Address |
5292, |
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Telephone: |
+1 (905) 335-3700 |
ID : |
N/A |
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Fax: |
+1 (905) 335-3573 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
1966 |
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Manager: |
Romolo Magarelli, President |
Date Incorporated: |
1966 |
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Staff: |
22 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Film equipment for production. |
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BANKS
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Name of the Bank |
Commerce Bank |
BUSINESS
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HISTORY |
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This company was created in the year 1966. |
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PRINCIPAL ACTIVITY |
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This company engages in the design and manufacture of high definition
and standard definition television equipment, film production and post
production equipment and fibre optics products for the film and broadcast television industry. |
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Products/Services description: |
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Fm Radio Broadcasting Broadcast Equipment, logo inserters, universal
data readers or decoders, time code generators, character inserters and translators,
film post production systems, digital video products including VITC keyers,
parallel to serial and closed captioning equipment. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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The company imports from Worldwide |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at 5292, |
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Branches: |
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The company has the following branches: And it also has different branches in US: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Romolo Magarelli, President Anthony Gridley, Vicepresident Brian Campbell, Management Executive |
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Related Companies: |
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The company also has different branches worldwide in |
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 Marie who just confirmed the company\'s address and
refused to provide us with any financial data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
51,460,000 |
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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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This company has been in business for 45
years. It has a staff of 22 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. The company gave a correct profitability
for the year 2010. Therefore a credit line may be considered
for USD 80,000. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Marie |
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Position |
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Representative |
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Comments |
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She confirmed the company's address and refused to provide us with any
financial data on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.13 |
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.