MIRA INFORM REPORT

 

 

Report Date :

04.05.2011

 

IDENTIFICATION DETAILS

 

Name :

BOMBARDIER INC

 

 

Registered Office :

800, Boulevard René-Lévesque Ouest, 29étage, H3b 1y8, Montréal (Québec)

 

 

Country :

Canada

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

19.06.1902

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturer of Planes and trains

 

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 :

3,000,000 USD

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists

 

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: 100 CAD = 105 USD

Branch Situation:Competitive

 

 

IDENTIFICATION

 

Comments on data supplied:

The second address provided (400 Côte-Vertu Road West Dorval, Québec Canada H4S 1Y9) is the headquarters of the subsidiary Bombardier Aerospace.

Legal Name:

BOMBARDIER INC

Trade Name:

 BOMBARDIER CANADAIR

Legal Address

800, BOULEVARD RENÉ-LÉVESQUE OUEST, 29ÉTAGE, H3B 1Y8, MONTRÉAL (QUÉBEC), CANADA

 

                 

 

 

Mailing Address

STATION CENTRE VILLE,

MONTREAL, H3C 3G9,

QUEBEC,

CANADA

 

Telephone:

+1 (514)-861-94 81     

Document Number :

1143920115

Fax:

+1 (514)-861-77 69

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Quebec

Website:

http://www.bombardier.com

Date Created:

June 19, 1902

Manager:

Pierre Beaudoin

Date Incorporated:

March 21, 1995

Staff:

65,370

Stock:

NA

 

 

Value:

NA

Activity:

Planes and trains manufacturer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKS

 

Name of the Bank

ROYAL BANK OF CANADA

 

Name of the Bank

HSBC

 

Name of the Bank

BARCLAYS

 

BUSINESS

 

HISTORY

 

Bombardier Inc is a Canadian Business created in 1902.

In 2003, Bombardier Inc. sold its Recreational Products Division to a group of investors: Bain Capital (50%), Bombardier Family (35%) and Caisse de Dépôt & Placements du Québec (15%).

PRINCIPAL ACTIVITY

 

Bombardier Inc. engages in the manufacture of transport solutions worldwide. It operates in two segments, Bombardier Aerospace and Bombardier Transport.

Products/Services description:

 

The Bombardier Aerospace segment designs and manufactures aviation products that include business aircraft; commercial aircraft, including regional jets, turboprops, and single-aisle mainline jets; and amphibious aircraft. This segment also offers aircraft parts and aftermarket services, as well as fractional ownership and flight entitlement programs. The Bombardier Transport segment designs and manufactures rail equipment and systems, such as passenger railcars, locomotives, light rail vehicles, and automated people movers. This segment also provides bogies, electric propulsion, control equipment, and maintenance services, as well as rail transportation systems and rail control solutions. In addition, it offers various services that comprise fleet maintenance, operations and maintenance, vehicle refurbishment and modernization, and materials management services.

Sales are:

 

Wholesale

Clients:

 

The aerospace and transport industries

Operations area:

 

National, International

The company imports from Worldwide

The company export to Worldwide

Trade References:

 

The person contacted refused to provide the names of their suppliers for us to check the trade references.

Competitors:

 

The Boeing Company

Airbus

Embraer-Empresa Brasileira de Aeronáutica S.A.

Siemens Aktiengesellschaft

The subject employs 65,370  employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at the above address.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

YES

Management:

 

Laurent Beaudoin, Chairman of the Board

Pierre Beaudoin, President and Chief Executive Officer

J.R. André Bombardier,Vice Chairman

Janine Bombardier, President and Governor

Martha Finn Brooks, Corporate Director

André Bérard, Corporate Director

Jean-Louis Fontaine, Vice Chairman of the Board

Daniel Johnson, Counsel

Jean-Pierre Rosso, Chairman World Economic Forum

 

 

 

 

 

 

 

 

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

The subject is a public company traded at the Toronto stock exchange under BBD. Please find enclosed the financial statements.

 

 

Legal Fillings

 

 The last annual report was filed on March 31, 2011.

 

The sources consulted record detrimental legal or labor court information, among them:

 

RFC Case Number: P-C10-232A

Court Case Number: 2:10-cv-00232-TJW

File Date: Friday, July 09, 2010

Plaintiff: Condatis LLC

 

Plaintiff Counsel:  Scott E. Stevens, Gregory P. Love, Darrell G. Dotson, Todd Y. Brandt of Stevens Love

Andrew W. Spangler of Spangler Law PC

 

Defendant: ARINC Inc.

Boeing Company

Bombardier, Inc.,

Bombardier Transportation (Holdings) USA, Inc.

and others.

 

 

 

 

 Rating

 

Local credit bureau gave a Good credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

The company has 99 years in the business.

It is a large sized Canadian company, evolving in a competitive sector.

Profitability is good, indebtedness is high, cash is very good and payments are regular.

 

A credit line may be considered for 3,000,000 USD.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

GOOD

Public

YES

 

 

Indebtedness

HIGH

Payments

REGULAR

 

 

Cash

VERY GOOD

 

 

 

 

 

 

APPENDIX

 

Position

 

Controller

Comments

 

He refused to provide us any information by phone on grounds of confidentiality without knowing the name of the inquiring party.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.34

UK Pound

1

Rs.73.69

Euro

1

Rs.65.75

 

 

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.