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Report Date : |
12.03.2013 |
DENTIFICATION DETAILS
|
Correct Name : |
EMPEX PRODUCTIONS LIMITED |
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Registered Office : |
250-1 Cochrane Drive, Markham, Ontario L3R 8E5 |
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Country : |
Canada |
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Year of Establishments: |
1986 |
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Legal Form : |
Corporation – Profit LLC |
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Line of Business : |
designs and manufactures rugged products strictly from
composite and specialty plastics and limited metal components which provides
a lifetime guarantee against corrosion |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 and 2011 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: EMPEX WATER TOYS
This is a registered trademark of:
Company name: EMPEX PRODUCTIONS LIMITED
Address: 250-1 Cochrane Drive,
Markham, Ontario L3R 8E5 - Canada
Telephone:
+1 905-649-5047
Fax: +1 905-649-1757
Website: www.watertoys.com
Corporate ID#: ON- 001016850
State: Ontario
Judicial form: Corporation – Profit LLC
Date incorporated: 01-29-1993
Date founded: 1986
Stock: -
Value: -
Name of manager: Wyeth
TRACY
Business:
Since 1986, Empex Watertoys® has been an innovator of unique interactive
Aquatic Playgrounds and Sprayparks, providing interactive water play for hotels
and resorts, municipal parks and recreation facilities, housing complexes,
YMCA's, YWCA's, campgrounds, zoos, military bases, waterparks and amusement
parks.
Empex designs and manufactures rugged products strictly from composite and
specialty plastics and limited metal components which provides a lifetime
guarantee against corrosion.
Much lighter than steel, Empex products are easily installed without
complicated embedded fixtures.
No name of foreign suppliers available.
Staff: 20
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
Wyeth TRACY is a major
shareholder.
Management:
Wyeth TRACY is the President,
Director and CEO
Graduated from McMaster University in 1972 with a B.E. in Mechanical
Engineering.
Former Director of construction and maintenance with the Province of
Ontario from 1986 to 2001.
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
financial assistant controlled the present report.
Sales declared for year 2012
is in the range of CAD 3,500,000=
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.