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Report Date : |
28.08.2013 |
IDENTIFICATION DETAILS
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Name : |
SHAWCOR LTD. |
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Registered Office : |
25 Bethridge Road, Toronto, Ontario M9W 1M7 |
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Country : |
Canada |
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Financials (as on) : |
31.13.2012 |
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Date of Incorporation : |
01.01.1994 |
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Legal Form : |
Public Company (TMX = SCL) |
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Line of Business : |
Provides various technology-based products and services for the pipeline, pipe services, petrochemical, and industrial segments of the oil and gas industry, and other industrial markets worldwide. |
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No. of Employees : |
6,846 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Canada |
A1 |
A1 |
|
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 a 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.
Source
: CIA
Company name: SHAWCOR LTD.
Headquarters: 25 Bethridge Road, Toronto, Ontario M9W 1M7 – Canada
Telephone: +1 416-743-7111
Fax: +1 416-743-5927
Website: www.shawcor.com
www.canusacps.com
Corporate ID#: 2989271
State: Federal
Judicial form: Public Company (TMX = SCL)
Date incorporated: 01-01-1994
Date founded: 1954
Stock: 59,620,362
shares issued and outstanding
Value: -
Name of
manager: William P. BUCKLEY
Business:
ShawCor Ltd., an energy services company, provides various technology-based products and services for the pipeline, pipe services, petrochemical, and industrial segments of the oil and gas industry, and other industrial markets worldwide.
It operates in seven divisions: Bredero Shaw, Flexpipe Systems, Shaw Pipeline Services, Canusa-CPS, Guardian, DSG-Canusa, and ShawFlex.
The Bredero Shaw division provides internal and external corrosion protection systems, insulation coating systems, and weight coating systems for onshore and offshore pipelines, as well as pipe coating services for oil and gas producers, pipe mills, pipeline owners, and pipeline construction contractors.
The Flexpipe Systems division manufactures and sells spoolable composite pipe systems that are used for oil and gas gathering, water transportation, CO2 injection, and other corrosive applications.
The Shaw Pipeline Services division provides ultrasonic and radiographic pipeline girth weld inspection services to pipeline operators and construction contractors.
The Canusa-CPS division manufactures and markets heat shrinkable sleeves, adhesives, sealants, and liquid coatings for use in pipeline joint protection systems and girth weld corrosion protection applications.
The Guardian division provides a range of tubular management services, including mobile and in-plant inspection, as well as refurbishment and rethreading of drill pipes, production tubing, and casing.
The DSG-Canusa division manufactures heat-shrink tubing, sleeves, molded products, kits, and accessories for protection and sealing applications in electrical, electronic, automotive, and communications markets.
The ShawFlex division manufactures control and instrumentation wires and cables for thermocouple, power, marine, and robotics applications.
The company was formerly known as Shaw Industries Ltd. and changed its name to ShawCor Ltd. in May 2001. ShawCor Ltd. was founded in 1954 and is headquartered in Toronto, Canada.
Canusa-CPS supplies a wide variety of products and systems used for onshore and offshore pipeline corrosion and thermal protection, specifically at the weld area. Known for its advanced heat-shrinkable products technology for field weld joint protection, Canusa-CPS also manufactures and supplies liquid epoxy-based coatings for joint protection and rehabilitation plus adhesives for pipeline coatings.
Staff: 6,846
Operations
& branches:
At above
address, we find the corporate office, factory and warehouse, owned.
The Company
maintains several branches in Canada, including:
1050, 202-6th Avenue S.W.
Calgary, Alberta T2P 2R9
1824 Crowchild Trail N.W.
Calgary, Alberta T2M 3Y7
185 Dorval Avenue
Dorval, Quebec H9S 5J9
Shareholders:
1st shareholder:
CDS & CO, 28 The Esplanade, Toronto, Ontario M5W 1G4
2nd shareholder:
SHAW HOLDING SARL, 123 Av. De la Faiencerie, Luxembourg
3rd shareholder:
SHAW INTERNATIONAL SARL, 123 Av. Faiencerie, Luxembourg
William P. BUCKLEY is President, Director and CEO
Mr. William P. Buckley has been the Chief Executive Officer and President of ShawCor Ltd. since July 1, 2005. Mr. Buckley served as the Executive Vice President of Shawcor Ltd. from 1996 to July 1, 2005 and its Chief Operating Officer from 2000 to July 1, 2005. Mr. Buckley served as the President of Bredero Shaw Division of Shawcor Ltd. from August 2004 to April 2005. Mr. Buckley joined ShawCor in 1994 following 23 years with a leading international electrical/electronics components manufacturer, including five years as President of the Canadian and Australian operations. He has presided over an excellent record of growth and expansion of ShawCor's non pipe coating operations. He served as Chairman of Electro-Federation Canada. He has been a Director of ShawCor Ltd. since August 4, 2005. He serves as a member of the supervisory board of Sercel Holding S.A. Mr. Buckley served as a Director of Hammond Power Solutions Inc. Mr. Buckley has an ICD.D certification. Mr. Buckley holds a degree in Mechanical Engineering from the University of Toronto and an MBA from York University and has completed the AMP program at the Harvard Business School.
Gary LOVE is Vice President and CFO.
Subsidiaries
&
Partnership: Several worldwide
On
attachment:
- 10K 2012
- 2nd
10Q 2013
|
Currency
in |
As of: |
Dec 31 |
Dec 31 |
Dec 31 |
Dec 31 |
|
TOTAL REVENUES |
1,184.0 |
1,034.2 |
1,157.3 |
1,482.8 |
|
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NET INCOME |
131.5 |
95.1 |
56.3 |
178.4 |
|
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
National
Credit Bureaus give a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments of imports were currently made on terms.
The Company
is developing a strong business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
The risk is
low.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 65.67 |
|
|
1 |
Rs. 102.20 |
|
Euro |
1 |
Rs. 87.75 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.