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Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
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Name : |
NEOLA CORPORATION |
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Registered Office : |
4141 Sladeview Crescent, Unit 18, Mississauga, Ontario L5L 5T1 |
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Country : |
Canada |
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Year of Establishments: |
1985 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Subject business is optical fire detection products. engaged in design and manufacturer of systems for the detection and
extinguishment of Sparks or Embers in air conveyance systems Subject also manufactures or distributes other detection
products that utilize similar technology such as Flame Detectors. |
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No. of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
Company name: NEOLA CORPORATION
Address: 4141 Sladeview Crescent, Unit 18
Mississauga, Ontario L5L 5T1
– Canada
Telephone: +1
905-607-5780
Fax: +1 905-607-5779
Website: www.hansentek.com
Corporate ID#: ON-001243376
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 06-23-1997
Date founded: 1985
Stock: -
Value: -
Name of manager: Kenneth
FACER
Business:
Neola Corporation's business is optical fire detection products.
- The Hansentek division of Neola Corporation specializes in the design and manufacture of systems for the detection and extinguishment of Sparks or Embers in air conveyance systems. Sparks traveling through ducts are detected and sprayed before they reach the dust collector or baghouse, where they can do extensive damage.
- The ODTI or Optical Detection Technologies division designs and
manufactures systems for the detection of Embers on the conveyer belts, linear
Fusible Optical Fibre heat detectors as well as Spark Detectors.
Neola also manufactures or distributes other detection products that
utilize similar technology such as Flame Detectors.
No name of foreign suppliers available.
Exports to the U.S., South and Central America.
Office
of the Foreign Assets Control (OFAC):
The company is not listed on the OFAC list.
The Specially Designated Nationals (SDN) List is a publication of OFAC which
lists individuals and organizations with whom United States citizens and
permanent residents are prohibited from doing business.
Staff: 5
Operations & branches:
At the headquarters, we
find a small workshop and office, on lease.
Shareholders:
Kenneth and Ryan FACER are
the major shareholders.
Management:
Kenneth FACER is the President, Director and CEO.
(no antecedent available)
As far as we know, he is 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, a
Secretary controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 800,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None