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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
OPTEL VISION INC. |
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Registered Office : |
2680 Bld du Parc Technologique, Quebec (Quebec) G1P 4S6 |
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Country : |
Canada |
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Date of Incorporation : |
20.08.1992 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject develops, integrates, and maintains inspection and
serialization solutions for pharmaceutical companies and contract packers
worldwide |
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No. of Employees : |
60 |
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 (31.03.2012) |
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
economic crisis, 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.
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Source : CIA |
Company name: OPTEL VISION INC.
Address: 2680 Bld du Parc Technologique,
Quebec (Quebec) G1P 4S6 –
Canada
Telephone: +1
418-688-0334
Fax: +1 418-688-9397
Website: www.optelvision.com
Corporate ID#: 1142381830
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 08-20-1992
Stock: -
Value: -
Name of manager: Louis
ROY
Business:
Optel Vision Inc. develops, integrates, and maintains inspection and
serialization solutions for pharmaceutical companies and contract packers
worldwide.
It offers TrackSafe, a track and trace system; PharmaProof, a package
inspection solution; TabletProof 360, a vision system that offers a
simultaneous 360° inspection of each and every pill/tablet/gel capsule;
TabletProof, an inspection system for tablet identification; and CountSafe-Slat
Counter, an automated vision inspection solution.
The company also provides CountSafe, an electronic counter inspection
solution; BlisterSafe, a blister verification solution; DoseSafe, a dose
inspection solution; VialSafe, a vial inspection solution; PackSafe, a
containers inspection solution; and optical inspection solutions.
It also serves pharmacies, manufacturers, repackers, and hospitals.
Optel Vision Inc. was founded in 1989 and is based in Québec City,
Canada.
The company has operations in Europe, Asia, and internationally.
The Company is increasing its workforce in Canada, Europe and India.
Staff: 60
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, on
25,000 sq. ft. owned.
The Company has investing
CAD 4,000,000= to increase the production space.
Shareholders:
Mr. Louis ROY, Eng., M.Sc. founded OPTEL VISION INC. in
1989.
He holds more than 50% of the stock.
Jean-Francois LAFORTUNE is the 2nd shareholder.
Management:
Louis ROY is the President, Director and CEO.
Jean-Francois LAFORTUNE is Secretary and Treasurer.
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, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 8,000,000=
The business is profitable.
Banks: Banque de Montreal
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None