MIRA INFORM REPORT

 

 

Report Date :

23.03.2011

 

IDENTIFICATION DETAILS

 

Name :

ENERFLEX LTD

 

 

Registered Office :

3131 HIGHWAY 7 WEST P.O. BOX 5511 CONCORD ON L4K 1B7

 

 

Country :

Canada

 

 

Year of Establishment :

1980

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Products and services provider.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 2,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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: USD

Branch Situation:

 

 

IDENTIFICATION

 

Comments on data supplied:

Please note that the address provided is that of a company`s branch. The headquarters are located at the address below.

Legal Name:

ENERFLEX LTD

 

 

Legal Address

3131 HIGHWAY 7 WEST P.O. BOX 5511 CONCORD ON L4K 1B7, Canada (incorporators)

Operative Address

Suite 904, 1331 Macleod Trail SE Calgary, AB, T2G OK3, Canada (headquarters)

Telephone:

(403) 387-6377

ID :

757967-5

Fax:

(403) 236-6816

Legal Form:

Limited Company

Email:

info@enerflex.com

Registered in:

Canada

Website:

http://www.enerflex.com/

Date Created:

1980

Manager:

Blair Goertzen, President

Date Incorporated:

1980

Staff:

2,800

Stock:

NA

 

 

Value:

NA

Activity:

Products and services provider.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

The company was founded in 1980.

 

As of January 20, 2010, Enerflex Ltd. operates as a subsidiary of Toromont Industries Ltd.

 

PRINCIPAL ACTIVITY

 

The company provides products and services.

Products/Services description:

 

The company engineers, designs, and manufactures production and processing equipment, including natural gas, heavy oil, and carbon dioxide processing equipment.

Sales are:

 

Wholesale

Clients:

 

QGC PTY Ltd.

Operations area:

 

National, International

The subject employs 2,800 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at: Suite 904, 1331 Macleod Trail SE Calgary, AB, T2G OK3, Canada.

Branches:

 

The company has several branches nationwide.



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held.

 

It operates as a subsidiary of Toromont Industries Ltd. which trades at Toronto stock exchange under the symbol TIH.TO.

Management:

 

Blair Goertzen, President and Chief Executive Officer

James Harbilas, Vice President and Chief Financial Officer

Jamie Plosz, Marketing Manager



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Tina, Accounting department, who refused to provide us any financial data without knowing the name of the inquiring party.

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.

Currency

DATE

 

USD

2009

 

Turnover

855,970,000

 

The cash flow is

normal

 



Legal Fillings

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

 

 

 Rating

 

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.

 

 

 Final Opinion

 

This is a big sized Canadian company. It employs 2,800 people and has been in business for 30 years.

 

A credit line may be considered for USD 2,000,000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Ms. Tina

Position

 

Accounting Department

Comments

 

The person contacted refused to provide any kind of information without knowing the name of the inquiring party.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.97

UK Pound

1

Rs.73.35

Euro

1

Rs.63.98

 

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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