MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

BEST THERATRONICS LTD.

 

 

Registered Office :

413 March Road, Ottawa, Ontario, K2K 0E4

 

 

Country :

Canada

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

The subject produces medical instrumentations.

 

 

No. of Employees :

140

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 300 000.

Status :

Moderate

Payment Behaviour :

No Complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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:Stable

 

 

IDENTIFICATION

 

Legal Name:

Best Theratronics Ltd.

 

 

Legal Address

413 March Road, Ottawa, Ontario, K2K 0E4, Canada

Operative Address

413 March Road, Ottawa, Ontario, K2K 0E4, Canada

Telephone:

 +1 (613) 591-2100

ID: :

N/A

Fax:

 +1 (613) 591-2100

Legal Form:

 

Email:

info@theratronics.ca

Registered in:

Canada

Website:

http://www.theratronics.ca

Date Created:

N/A

Manager:

Krishnan Suthanthrian, President

Date Incorporated:

N/A

Staff:

140

Stock:

N/A

 

 

Value:

N/A

Activity:

The subject produces medical instrumentations.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

 

BUSINESS

 

HISTORY

 

The company was sold to Best Medical International, INC in early 2008.

PRINCIPAL ACTIVITY

 

The company produces medical instruments.

Products/Services description:

 

The company offers:

 

- Blood and research irradiators.

 

- Irradiator accessories.

 

- Theratron® external beam teletherapy.

 

- Radiation therapy.

 

Among Others.

Sales are:

 

Wholesale

Clients:

 

Hospitals.

Suppliers:

 

- China Isotope Corporation, (Ningpo, China)

The company imports from China

The subject employs 140 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

413 March Road, Ottawa, Ontario, K2K 0E4, Canada

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This company is privately held, and has Best Medical International Inc. as the main shareholder.

 

Best Medical International, Inc: 7643 Fullerton Road: Springfield, Virginia, 22153, USA

Management:

 

Krishnan Suthanthrian, President & Board Member

Related Companies:

 

Scott McGinlay, DMS FIMSS: Office 231, BioPark Broadwater Road, Welwyn Garden City, Hertfordshire AL7 3AX, United Kingdom



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted a representative from the Customer Service department who refused to provide us any financial data on grounds of confidentiality.

Comments on the financial data: The company would have a revenue between USD 16 millions to USD 21 millions.

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 medium size company that counts with around 140 employees.

 

The company has more than 50 years of experience in the industry, and it's structure seems to be solid and well established.

 

The company operates in a stable market, as it´s demand depends on population demographics.

 

We consider that the company can bear a line of credit of USD 300 000.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

She refused to give us her name.

Position

 

Customer Service.

Comments

 

The person interviewed refused to give us any information, that´s why we couldn´t check our data.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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.