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Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BEST THERATRONICS LTD. |
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Registered Office : |
413 March Road, |
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Country : |
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Date of Incorporation : |
03.12.2007 |
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Legal Form : |
Federal Corporation Profit |
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Line of Business : |
Subject
is engaged in designing, manufacturing, installing, and servicing external
beam teletherapy machines and self-contained blood irradiators to treat
cancer. |
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No. of Employees : |
180 |
RATING & COMMENTS
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MIRAs 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 : |
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
Your order on: BEST TECHERA TRONICS LTD.
413 March Road, Ottawa, Ontario K2K 0E4 Canada
At same address, we found
BEST THERATRONICS
LTD.
Address: 413 March Road,
Telephone: +1 631-591-2100
Fax: +1 631-591-6627
Website: www.theratronics.ca
Corporate ID#: 6883508
State: Federal
Judicial form: Federal Corporation Profit
(A Federal Corporation is allowed to do business in all the Country)
Date incorporated: December 3, 2007
Stock: -
Value: -
Name of
manager: Krishnan SUTHANTHIRAN
Business:
Best Theratronics Ltd. engages in designing, manufacturing, installing, and servicing external beam teletherapy machines and self-contained blood irradiators to treat cancer.
The company offers Theratron Equinox, an isotope based teletherapy system; and Theratron Phoenix External Beam Therapy System, which provides lifesaving treatments in the harshest clinical environments for cancer. Its products are used in brachytherapy and external beam radiation.
The company was incorporated in 2007 and is based in Ottawa, Canada.
Best Theratronics Ltd. operates as a subsidiary of Best Medical International, Inc.
Thanks to a recent CAD 20 million investment by Mr. Suthanthiran, Best Theratronics now manufactures cyclotrons of varying sizes and capabilities that produce medical isotopes used to treat cancer.
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.
No name of foreign suppliers available.
Staff: 180
Operations & branches:
At the
headquarters, we find a factory, warehouse and office, on
150,000 sq.
ft. owned.
Shareholders:
Best Medical International, Inc.
7643 Fullerton Road
Springfield, Virginia 22153 USA
Best Medical International, Inc. engages in the development, manufacture, and marketing of brachytherapy products, and radiotherapy and diagnostic imaging devices to healthcare providers and organizations worldwide.
Best Medical International, Inc. was founded in 1977 and is based in Springfield, Virginia.
Management:
Krishnan
SUTHANTHIRAN is the President and Director.
He founded Best Medical Canada Ltd. in 1977 and serves as its President.
Mr. Suthanthiran purchased ATV Productions in June of 2005 and immediately founded a sister company, Best Entertainment Corp., to facilitate international distribution of television and movies. He serves as Chairman of the Board of Best Entertainment Corp. He attend Carleton University in Ottawa, Ontario. After completing his masters in Mechanical Engineering, he took pre-med courses at the University of Toronto and worked for an oncologist in the U.S.
Chandrakanth ARYA and David CHOO are Directors.
As far as we know, they are involved in other corporations, including:
BEST CYCLOTRON SYSTEMS, INC.
8765 Ash St., Unit 7, Vancouver, British Columbia 6P 6T3 - Canada
BEST MEDICAL CANADA LTD.
413 March Road, Ottawa, Ontario K2K 0E4 Canada
BEST ENTERTAINMENT CORP.
7643 Fullerton Road, Springfield, VA 22153 - USA
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, a financial assistant controlled the present report.
Sales
declared for fiscal year ending January 2013 is in the range of
CAD
50,000,000+
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
Haut du formulaire
Trade
references:
Date
reported: November 2013
High
credit: CAD 30,000
Now owing: 0
Past due: 0
Last
purchase: October 2013
Line of
business: Office supply
Paying
status: On terms
Date
reported: November 2013
High
credit: CAD 250,000
Now owing: 0
Past due: 0
Last
purchase: October 2013
Line of
business: Payroll
Paying
status: As agreed
Date
reported: November 2013
High
credit: CAD 1,000
Now owing: 0
Past due: 0
Last
purchase: October 2013
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made on due date.
Other
comments:
The Company
maintains a regular business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
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 |
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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 |
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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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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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 SCs 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.