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Report Date : |
27.08.2013 |
IDENTIFICATION DETAILS
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Name : |
SEMEX CANADA INC. |
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Registered Office : |
130 Stone Road West, Guelph, Ontario N1G 3N2 |
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Country : |
Canada |
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Date of Incorporation : |
12.12.1996 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in Research and Development in the Physical,
Engineering and Life Sciences Subject delivers high quality bovine genetic solutions for its
partners |
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No. of Employees : |
50 (1800 worldwide) |
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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 2010-12 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 |
The corporate name
is:
Company name: SEMEX CANADA INC.
Address: 130 Stone Road West, Guelph, Ontario N1G 3N2 -
Canada
Telephone: +1
519-821-5060
Fax: +1 519-821-7225
Website: www.semex.com
Corporate ID#: ON-001213770
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-12-1996
Stock: -
Value: -
Name of manager: Paul
LARMER
Business:
Research and Development in the Physical, Engineering and Life Sciences
The Company delivers high quality bovine genetic solutions for its
partners
The business is present in 80 countries.
Suppliers include:
SHANGHAI DIANYUN IMP AND EXP CO LTD
NO 626 LUO CHUAN DONG ROAD SHANGHAI CHINA
Staff: 50 (1800 worldwide)
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
Shareholders:
WESTGEN
6681 Glover Road
Langley, British Columbia V2Y 1M1 - Canada
EASTGEN
5653 Hwy 6 N., R.R. #5
Guelph, Ontario N1H 6J2 – Canada
CENTRE D’INSEMINATION ARTIFICIELLE DU QUEBEC
3450 Sicotte, Saint-Hyacinthe, Quebec J2S 2M2, Canada
Management:
Paul LARMER is the CEO
Graduate from Harvard Business School in 2012
Present here since June 2007.
Vince BOSQUET, CFO
Robert McRAE, Vice President of Global Operations
Subsidiaries
& Partnership:
None
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 9,000,000+
The business is said to be
profitable.
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None