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Report Date : |
21.12.2013 |
IDENTIFICATION DETAILS
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Name : |
NOVELTECH INTERNATIONAL INC. |
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Registered Office : |
74 Taravista Gardens NE, Calgary, Alberta T3J 4K9 |
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Country : |
Canada |
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Date of Incorporation : |
06.09.2013 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject provides technical services and expertise to industry
in the fields of chemical plant design and installation, conventional and
alternative power generation systems, distillation system design, industrial
effluent treatment, process optimization, instrumentation and control
systems, and mechanical fabrication. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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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 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: NOVELTECH INTERNATIONAL INC.
Address: 74 Taravista Gardens NE, Calgary, Alberta T3J 4K9 - Canada
Telephone: +1 647-210-9195
Corporate ID#: AB-2017708039
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: September 6, 2013
Stock: -
Value: -
Name of
manager: Awais KANWAR
Business:
Noveltech International Inc. provides technical services and expertise to industry in the fields of chemical plant design and installation, conventional and alternative power generation systems, distillation system design, industrial effluent treatment, process optimization, instrumentation and control systems, and mechanical fabrication.
No name of foreign suppliers available.
Staff: n/a
Operations
& branches:
At the
headquarters, we find the corporate office.
The Company
maintains a branch located:
C-15, Plot # 16 A, Block 6, Dr Plaza,
Pechs, Karachi, Pakistan
Shareholders:
This is a
private Company.
Management:
The Directors are:
Awais KANWAR
He received his MSc. and PhD from University of Bonn and University of Goettingen, Germany.
- Rao Shakeel AHMED
- B.A. AWAN
Naveed ASAD is the operational manager.
Bachelors of Science in Chemical Engineering, NFC Institute of Engineering and Technological Training, Bahauddin Zakaria University, Multan
Subsidiaries
And partnership: None
No
financials available at this time.
We sent an
email (info@noveltech.ca) but
no answer received.
Banks: n/a
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
No trade
references available.
No domestic
credit history.
Our
opinion:
As this is
a new business, we suggest you to be careful.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.24 |
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|
1 |
Rs.101.81 |
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Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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-- |
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.