MIRA INFORM REPORT

 

 

Report Date :           

19.03.2011

 

IDENTIFICATION DETAILS

 

Name :

HIGHMARK RENEWABLES RESEARCH LP

 

 

Registered Office :

LP 128 14 9977, 178 Street, Edmonton, AB T5T 6J6

 

 

Country :

Canada

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Environmental Industrial Biotechnology

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Highmark Renewables Research LP

 

 

Legal Address

LP 128 14 9977, 178 Street, Edmonton, AB T5T 6J6, Canada

 

 

Telephone:

+1 (780) 700-5110/

+1 (780) 603-8090

Registration Number :

N/A

Fax:

+1 (780) 492-4346

Legal Form:

Limited Partnership

Email:

 NA

Registered in:

Alberta

Website:

www.highmark.ca

Date Created:

N/A

Manager:

Evan Chrapko, CEO

Date Incorporated:

N/A

Staff:

11-50 employees

Stock:

N/A

 

 

Value:

N/A

Activity:

Environmental industrial biotechnology

 

 

BANK

 

Name of the Bank        Royal Bank of Canada

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

This company recovers energy and nutrients from organic wastes. It manages the sand, rocks, grit and other foreign materials found in agricultural and industrial waste streams including open-pen feedlots, sand-bedded and dry lot dairies, other livestock operations, rendering residues, food processing and restaurant waste, and municipal solid and wastewater, and produces renewable natural gas with it.

Products/Services description:

 

Alternative Energy

Livestock Equipment and Services

Waste Handling

 

Sales are:

 

Wholesale

Clients:

 

Various industries

Operations area:

 

National, Local

The company does not import

Competitors:

 

Biomass Technologies Inc.

CKP Farms Ltd.

Grant MacEwan University

Symbiotic EnviroTek Inc.

Alpha-J Research LP

LOCATION

Headquarters

 

The company is headquartered at LP 128 14 9977 178 Street, Edmonton, AB T5T 6J6, Canada.

Branches:

 

There were no branches found for this company.

 




Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is privately held. The Kotelko is believed to be among the main shareholders.

Management:

 

Bern Kotelko, President (Founder)

Mike Kotelko, General Manager (Founder)

Evan Chrapko, Co CEO

Shane Chrapko, Co CEO

Related Companies:

 

Growing Power Hairy Hill LP

www.growingpower.com

Both companies are related since they have the same owners.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company to the phone number +1 (780) 700-5110, we spoke with a male representative, but he said he was busy and requested us to call him back in ten minutes. We did, but we never get to speak with him again, since we always got a answering machine.

 

We found another phone number for this company +1 (780) 603-8090.  We called this number but we also reached an answering machine.

 

We left voicemails in both phone numbers; nobody has returned our calls yet.

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 




Rating

 

Local credit bureau gave a Low credit rate.

 

 

 Final Opinion

 

This is an environmental energy company that has between 11 - 50 employees.

 

There was no financial information found for this company.

 

We tried several times to contact the company without being able to have an interview with one of them.

 

We suggest working with GUARANTEES.

 

Caution must be applied.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company with the following number: +1 (780) 700-5110. We spoke with a male representative. He asked us to call back.  We did. We were unable to speak with him again, since we always got an answering machine after that.

 

The additional information you provided seems to be related to a company called BMO financial Group

 

Alain Bagirakandi

E-mail: Alain.Bagirakandi@bmo.com

Phone: 1-416-598-6112

Fax: 1-416-598-6076

 

We called the number you provided. The person we spoke with indicated having no knowledge of a company called Highmark Renewables Research at this number

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.09

UK Pound

1

Rs.72.82

Euro

1

Rs.63.43

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.