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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
WHITEWATER WEST INDUSTRIES LTD. |
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Registered Office : |
6700 Mc Millan Way, Richmond, British Columbia V6W 1J7 |
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Country : |
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Year of Establishments: |
1980 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Designs, manufactures, and builds waterpark attractions. |
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No. of Employees : |
200 |
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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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: WHITEWATER WEST INDUSTRIES LTD.
Address: 6700 Mc Millan Way, Richmond,
British Columbia V6W 1J7
Canada
Telephone: +1
604-273-1068
Fax: +1 604-273-4518
Website: www.whitewaterwest.com
Corporate ID#: BC-0000398274
State: British
Columbia
Judicial form: Corporation – Profit
Date incorporated: 12-17-1990
Date founded: 1980
Stock: -
Value: -
Name of manager: Geoffrey
CHUTTER
Business:
Whitewater West Industries Ltd. designs, manufactures, and builds
waterpark attractions.
It offers waterslides, interactives, waves and rivers, and flowriders.
The company also provides prime plays, such as hopkins rides, family
entertainment centers, family adventure parks, park attractions, and
playgrounds. In addition, it offers park planning, engineering, manufacturing,
project management, and after sales and services.
The company serves waterparks, parks and recreation facilities, resorts,
amusement parks, and cruise ships.
Whitewater West Industries Ltd. was founded in 1980 and is based in
Richmond, Canada.
The company has additional offices in California, Colorado, Florida,
Ohio, Virginia, Australia, China, Egypt, France, Korea, New Zealand, the
Russian Federation, Spain, Thailand, the United Arab Emirates, and the United
Kingdom.
Suppliers include:
Ningbo Zhong Lian Steel Structure Co., Ltd.
5th Floor, No. 438, Zhu Jiang Nan
Road, Beilun, Ningbo, Zhejiang, China 315800
Staff: 200
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Geoffrey CHUTTLER is the President, Director and CEO
Maxwell DICKOFF is Controller.
Subsidiaries &
partnership:
Hopkins Rides LLC
4239 SW High Meadows Avenue
Palm City, FL 34990 USA
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.
However, sales estimate for
year 2012 is in the range of CAD 35,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.59 |
|
UK Pound |
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.