MIRA INFORM REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
EZEM CANADA INC. |
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Registered Office : |
11065 Boul. Louis-H.-La Fontaine, Montreal, Quebec
H1J2Z4 |
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Country : |
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Date of Incorporation : |
01.03.1995 |
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Legal Form : |
Corporation for profit |
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Line of Business : |
Manufacturing of barium products and related accessories and pharmaceutical related 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 : |
500,000 USD |
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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: CAD |
IDENTIFICATION
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Ordered as: |
E Z EM Canada Inc |
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Address in the order: |
11065 Boul Loh Lafontaine
Anjou Quebec Hij 2Z4 |
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Legal Name: |
EZEM CANADA INC. |
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Trade Name: |
Bracco Imaging |
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Legal Address |
11065 Boul. Louis-H.-La
Fontaine, |
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Telephone: |
+ 1 (514) 353-5820 |
Document Number : |
1143118090 |
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Fax: |
+ 1 (514) 351-3450 |
Legal Form: |
Corporation for profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1968 |
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Manager: |
300 employees |
Date Incorporated: |
March 1, 1995 |
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Staff: |
SALLOUM PAUL, Vice President |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturing of barium products and related
accessories and pharmaceutical related products |
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BANKS
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Name of the Bank |
HSBC |
BUSINESS
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PRINCIPAL ACTIVITY |
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E-Z-EM Canada is a player in the manufacturing
of barium products and related accessories dedicated to the GI track imaging.
E-Z-EM Canada is also a distributor of
other products related to angiography, interventional radiology, CT scanning
and ultrasound. The company uses the trademark: Therapex. The society specializes in manufacturing
and packaging of pharmaceutical and dermatological products as well as cosmetics, in the form of cream,
lotion, gel, ointment and suspension for international pharmaceutical and
dermatological companies. In addition, the company has forged a
long-term strategic alliances, taking it resolutely into the civil and
military protection sector. Working with its partners on a world-wide basis, E-Z-EM Canada is now exploiting a
number of patents, of which emerged specialty products aimed at neutralizing
chemical and biological warfare agents, used in terrorist attacks and war
zones. The structure has exporting experiences
with the following countries: • • • • • • • • • • • • • • |
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Products/Services description: |
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Distribution of interventional products in Distribution of biopsy needles, angiographic syringes, CT injectors, catheters, and other radiology related products … Contract manufacturer of non-solid (liquid)dosage form of
pharmaceutical, dermatological products, cosmetics and healthcare products. |
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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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Trade References: |
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The trade references were not confirmed with the staff. |
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PAYMENTS |
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regular |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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E-Z-EM Inc. Founded in 1962 590 Employees |
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Management: |
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Paul Salloum, Vice President, Guy Paquette, Chief Financial Officer, Michelle Frenette, Director, Yvon Leduc, Director. |
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. Those figures are estimates provided by confidential banking and
financial institutions working with the company (Exceptionally in USD). |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
43,540,000 |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. The company filed its last annual report
on March 25, 2010. |
Rating
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Local credit bureau gave a medium 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 very well established business. The company's income is correct for the
business size. This is a medium size company with pretty
diversified activity. The registrar of We estimate that the structure can handle
a credit line. A business connection can be conducted. |
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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ADVISED CREDIT |
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500,000 USD |
APPENDIX
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Comments |
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Staff non cooperative. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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.