MIRA INFORM REPORT
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Report Date : |
15.10.2011 |
IDENTIFICATION DETAILS
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Name : |
VIBROSYSTM INC |
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Registered Office : |
2727 Jacques-Cartier East Blvd, Longueuil, Quebec J4N 1L7 |
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Country : |
Canada |
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Date of Incorporation : |
10.01.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of measuring and monitoring systems |
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 250,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Canada |
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: 1.00 USD = 1.01397 CAD |
IDENTIFICATION
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Legal Name: |
VIBROSYSTM INC |
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Legal Address |
2727 Jacques-Cartier East Blvd, Longueuil, Quebec J4N 1L7, Canada |
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Operative Address |
2727 Jacques-Cartier East Blvd, Longueuil, Quebec J4N 1L7, Canada
(Headquarters) |
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Telephone: |
+1 (450) 646-2157 |
ID : |
1161962841 |
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Fax: |
+1 (450) 646-2164 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1986 |
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Manager: |
Cloutier, Marius, President |
Date Incorporated: |
January 10th 2004 |
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Staff: |
80 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of measuring and monitoring systems. |
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BANKS
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Name of the Bank |
Caisses Populaire Desjardins de Quebec Bank |
BUSINESS
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HISTORY |
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The company was created in 1986. |
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PRINCIPAL ACTIVITY |
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Supplier of measuring and monitoring systems. |
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Products/Services description: |
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The company is involved in on-line measuring and condition monitoring
systems to support predictive maintenance of hydro and turbo generating machines
of all sizes, types and designs, as well as large electric motors used in the
mining and pulp & paper industries. Utilities worldwide use its systems
to get valuable insight on machine structural condition, behavior,
performance and efficiency, and generate true O&M savings: * Increase machine efficiency and availability * Trend parameters to perform predictive maintenance * Reduce maintenance operations and costs * Prevent failures and prolong safe operation of aging or faulty machines * Plan repairs and refurbishment * Defer expenses and capital investments VibroSystM offers full customer service in getting the most benefits from its products. Services include installation and supervision, on-site training and results interpretation. |
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Sales are: |
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Wholesale |
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Clients: |
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Public and private electric power producers, mining, pulp & paper,
equipment manufacturers, engineering firms, laboratories and research
institutes. |
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Operations area: |
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National, International |
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The company export to Africa, Asia, Australia, Europe, North America,
South America |
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The subject employs 80 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 2727 Jacques-Cartier East Blvd, Longueuil,
Quebec J4N 1L7, Canada. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. It is a wholly owned subsidiary of GESTION
MARIUS CLOUTIER INC. The parent company is located at 2727 boul. Jacques-Cartier E
Longueuil (Québec) J4N1L7 Canada (Same address as the subject's) |
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Management: |
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Cloutier, Marius, President Favreau, Pierre, Secretary |
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 Carole, Secretary of Administration, who provided us
with the following data: |
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Currency |
DATE |
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CAD |
2010 |
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Turnover |
17,000,000 |
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The cash flow is |
NORMAL |
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Comments on the financial data: The person contacted said that the
Canadian sales for 2010 are $1,800,000 (CAD), the rest of the total sales
amount represents international sales. |
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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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The subject is a medium sized Canadian company as it currently has a staff
of 80 employees. It started to operate in 1986. Therefore, it has more than 24 years of
experience. VIBROSYSTM INC is a subsidiary of GESTION MARIUS CLOUTIER INC. The business is recognized as the most innovative and dependable
developer and manufacturer of unique monitoring solutions. Its reputation is
built around four key elements: proven technologies, powerful software,
trusted expertise in machine condition assessment and customer satisfaction. The company is certified ISO 9001 (International Organization for
Standardization), this ensures the high quality of its products and
services. No evidence of legal or labor antecedents found against the company in
the consulted databases. Credit line may be considered for USD 250,000-. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Carole |
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Position |
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Secretary of Administration |
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Comments |
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We have contacted this person at the company's and she provided us the
following data: Address Phone Creation date Employees Banks Shareholders President Financial data |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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 |
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NB |
New Business |
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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.