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Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
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Name : |
NEWCON INTERNATIONAL LTD |
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Registered Office : |
105 Sparks Avenue, Toronto, Ontario M2H 2S5 |
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Country : |
Canada |
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Date of Incorporation : |
04.02.1992 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Design and manufacture of thermal imagers, night vision systems, laser rangefinders, laser aimers and tactical day optics. |
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No. of Employees : |
25 |
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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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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
CANADA - ECONOMIC OVERVIEW
As an affluent, high-tech industrial
society in the trillion-dollar class, Canada resembles the US in its
market-oriented economic system, pattern of production, and affluent living
standards. Since World War II, the impressive growth of the manufacturing,
mining, and service sectors has transformed the nation from a largely rural
economy into one primarily industrial and urban. The 1989 US-Canada Free Trade
Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which
includes Mexico) touched off a dramatic increase in trade and economic
integration with the US its principal trading partner. Canada enjoys a
substantial trade surplus with the US, which absorbs about three-fourths of
Canadian exports each year. Canada is the US's largest foreign supplier of
energy, including oil, gas, uranium, and electric power. Given its great
natural resources, highly skilled labor force, and modern capital plant, Canada
enjoyed solid economic growth from 1993 through 2007. Buffeted by the global
economiccrisis, the economy dropped into a sharp recession in the final months
of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of
surplus. Canada's major banks, however, emerged from the financial crisis of
2008-09 among the strongest in the world, owing to the financial sector's
tradition of conservative lending practices and strong capitalization. Canada
achieved marginal growth in 2010 and 2011 and plans to balance the budget by
2015. In addition, the country's petroleum sector is rapidly becoming an even
larger economic driver with Alberta's oil sands significantly boosting Canada's
proven oil reserves, ranking the country third in the world behind Saudi Arabia
and Venezuela.
Source
: CIA
NEWCON OPTIK
This is a business name owned by:
Company name: NEWCON INTERNATIONAL LTD
Address: 105 Sparks Avenue, Toronto, Ontario
M2H 2S5 - Canada
Telephone: +1
416-663-6963
Fax: +1 416-663-9065
Website: www.newcon-optik.com
Corporate ID#: ON-000973516
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: February
4, 1992
Stock: -
Value: -
Name of manager: Peter L. BIRO
Business:
The Company is doing
business as NEWCON OPTIK.
Newcon Optik is a leader in the design and manufacture of thermal
imagers, night vision systems, laser rangefinders, laser aimers and tactical
day optics.
Headquartered in Toronto, Canada, Newcon Optik's dealer network is
present on five continents and its products are relied upon by military,
government and commercial customers in more than 60 countries.
By working closely with its customers and partners, Newcon Optik
consistently produces technologically advanced products that serve the needs of
the military, law enforcement, search & rescue, surveillance, hunting and
marine professional users around the globe.
Newcon Optik's products are relied upon by military, government and
commercial customers in more than 60 countries, including the United States,
Central and South America, Africa…
Staff: 25
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on lease.
Shareholders:
This is a private company.
Management:
Michael BEKER, Chairman
Peter L. BIRO, President
and CEO
He joined the Company on
May 2011.
Peter has practised law as commercial litigator, employment lawyer and external general counsel for numerous business corporations (including Newcon Optik), non-profit organizations and public and private institutions and individuals for almost twenty years. After obtaining undergraduate and graduate degrees in political theory and studying at the University of Guelph, McMaster University and the University of Toronto, Peter studied law and graduated from the National Program at McGill University's Faculty of Law with his common law and civil law degrees. Peter was a partner at Goodman and Carr LLP and, more recently, at WeirFoulds LLP in Toronto and has been a leading member of the commercial litigation and employment law bars. Over the course of his legal career, Peter lectured, published and commented frequently in the media on developments in the law and politics.
Alex RUDIY, Executive Vice
President and COO
Alla RUDIY, CFO
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a sales
assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2011 is in the range of CAD 5,000,000=
(95% on export markets).
The business is said to be
profitable.
Banks: Scotia Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None