MIRA INFORM REPORT

 

 

Report Date :

22.09.2012

 

 

IDENTIFICATION DETAILS

 

Name :

NETSWEEPER INC

 

Registered Office :

 

104 Dawson Road Suite 100, Guelph, Ontario, N1H 1A7

 

 

Country :

Canada

 

 

Year of Establishment :

1999

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Provider of Internet content filtering and web threat management solutions and services

 

 

No. of Employees :

46

 

 

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

 

Status :

Satisfactory

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Canada

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

GEOPOLITICS – CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: 1.00 CAD = 1.02510 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

NETSWEEPER INC

 

 

Legal Address

104 Dawson Road Suite 100, Guelph, Ontario, N1H 1A7, Canada

Operative Address

104 Dawson Road Suite 100, Guelph, Ontario, N1H 1A7, Canada

Telephone:

+1 (519) 826.5222

ID :

NA

Fax:

+1 (519) 826.5228

Legal Form:

Corporation for Profit

Email:

sales@netsweeper.com

Registered in:

Canada

Website:

http://www.netsweeper.com/

Date Created:

1999

Manager:

Perry J. Roach, Chief Executive Officer

Date Incorporated:

NA

Staff:

46

Stock:

NA

 

 

Value:

NA

Activity:

Provider of Internet content filtering and web threat management solutions and services.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

The company was founded in 1999.

PRINCIPAL ACTIVITY

 

Netsweeper Inc. provides Internet content filtering and Web threat management solutions and services.

Products/Services description:

 

It offers Internet content filtering solution, a Web content categorization engine and Web-based administration tool that blocks and filters inappropriate content, viruses, malware, and bandwidth consuming applications; Web security solution that identifies zero-hour and known Web-borne threats, such as phishing scams and other forms of malicious code at the Web gateway; application management solution for identifying and inspecting Internet applications at the packet level; mobile device protection solution that enables the enforcement of acceptable user policies regardless of where these devices access the Internet; student mobile management solution for students using school owned laptops on and off the primary network; and NS PROx Web filter appliance, which enables the implementation of the company’s Internet content filtering solutions.

NetSweeper, Inc. also provides technical support services related to software installation, configuration, and usage.

The company’s solutions protect Internet users from inappropriate and destructive Web content, as well as enable IT managers to protect networks from malicious attacks and their organizations from legal liability risks.

Sales are:

 

Wholesale

Clients:

 

Businesses, educational institutions, government organisations, service providers and OEM partners.

Operations area:

 

National, International

The company imports from Worldwide, depending on demand

The company exports to the Middle East, South America, and across the APAC region.

Trade References:

 

We couldn’t contact a person at the company’s to provide us the trade references.

The subject employs 46 employee(s)

Comments on staff:

 

We found from other sources the company employs 30 people.

 

This information could not be confirmed by the staff.

PAYMENTS

 

No Complaints

LOCATION

Headquarters

 

The company is headquartered at 104 Dawson Road Suite 100, Guelph, Ontario, N1H 1A7, Canada.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Perry J. Roach is among the main shareholders.

Management:

 

Perry J. Roach, Chief Executive Officer

Andrew Graydon, Chief Operating Officer

Lou Erdelyi, Chief Technology Officer

Andrew Dindayal, Chief Financial Officer

Related Companies:

 

The company was international presence within the following locations:

 

Netsweeper USA (and DeepNines Sales & Support)

14800 Quorum Drive, Suite 480

Dallas, TX, 75254

USA

Phone: +1 (972) 590.9690

Fax: +1 (972) 590.9691

 

Netsweeper Middle East

F106-5, HQ Building

Dubai Silicon Oasis

P.O. BOX: 341262

Dubai, UAE

Phone: +971 (05) 55368 565

 

Netsweeper Technologies India

Apt. No:9J, Block 2 Ceebros Shyamala Gardens

136, Arcot Road, Saligramam

Chennai - 600 093

INDIA

Phone: +91 44 426 426 25

Fax: +91 44 426 426 35

 

Netsweeper Inc. - UK

41 Marlowes

Hemel Hempstead, Hertfordshire

HP1 1LD

UNITED KINGDOM

Phone: +44 (0) 1442 355 160

Fax: +44 (0) 1442 355 001

 

Netsweeper Inc. - Australia/New Zealand

13 Bareena Drive

Mt. Eliza, Victoria

3930

AUSTRALIA

Phone: +61 (0) 3 9787 2284

Fax: +61 (0) 3 9008 7801

 

Netsweeper Inc. - Latin America

PANAMA

Phone: +507 6674 9437 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company but we were directed to a voicemail while trying to reach the Accounts Payable. We left a message.

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.

Comments on the financial data: The company would have an estimated annual revenue in a range between $CDN 5,000,000 to 9,999,999.

This information could not be confirmed by the staff.

Legal Filings

 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

 

The subject is a small size company.

 

It started its operations in 1999. Therefore, it has a good experience in its field.

 

NETSWEEPER INC is a leading provider of Internet content filtering and web threat management solutions and services for various industries.

 

The company has a good business structure, with offices and distribution channels in Canada, The United Kingdom, India, Middle East, The United States, and South America.

 

No evidence of legal or labor antecedents found against the company in the consulted databases.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

CONTROLLED

Payments

NO COMPLAINTS

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments

 

We have tried to contact a representative from the Accounting Department but we were transferred to a voicemail. We left a message, and no one has replied it yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.90

UK Pound

1

Rs.87.60

Euro

1

Rs.70.01

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.