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Report Date : |
10.09.2013 |
IDENTIFICATION DETAILS
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Name : |
EVERTZ MICROSYSTEMS LTD |
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Registered Office : |
5292 John Lucas Drive, Burlington, Ontario L7L 5Z9 |
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Country : |
Canada |
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Date of Incorporation : |
01.07.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Designs, Manufactures, and Distributes video and audio infrastructure equipment
for the production, post-production, transmission, and distribution of
television content |
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No. of Employees : |
380 |
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 : |
Good |
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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) |
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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: EVERTZ MICROSYSTEMS LTD.
Address: 5292 John Lucas Drive, Burlington,
Ontario L7L 5Z9 - Canada
Telephone: +1
905-335-3700
Fax: +1 905-335-3573
Website: www.evertz.com
Corporate ID#: 001703467
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 07-01-2006
Date founded: 07-29-1966
Stock: -
Value: -
Name of manager: Romolo
MAGARELLI
Business:
Evertz Microsystems Limited designs, manufactures, and distributes video
and audio infrastructure equipment for the production, post-production,
transmission, and distribution of television content in the United States,
Canada, and internationally.
It offers routers, including video, audio, data/LTC/tally, and fiber/RF
routers, as well as bypass and auto changeover systems, unified control
systems, and router panels; infrastructure products comprising distribution
amplifiers, conversion systems, frame synchronizers, audio/data embedders and
de-embedders, audio processing systems, video/audio delay systems, and closed
captioning systems; and multiviewers.
The company also offers RF products, including antennas, routers and
switches, splitters and distribution amplifiers, demodulators, fiber transport
systems, power inserters, and power amplifiers; DTV/compression products
comprising encoders and decoders, modulators, demodulators, stat muxing
products, multiplexing products, scrambling products, IP/ASI encapsulation and
processing products, media IP gateways, transport stream monitoring systems,
monitoring systems, and ASI over fiber transport systems; master clock/SPG
systems, slave clocks, test/reference generators, analog time code systems, and
digital time code systems; and production and post-production equipment.
In addition, it offers master control switchers, keyers, and media and
logo inserters; video, audio/data/RF, SONET/SDH, and network transport systems,
as well as CWDM/DWDM multiplexors, SFP based solutions, and fiber routers;
monitoring, control, and network management systems; video replay systems;
workflow/media asset management systems; and multiframe and high density
modules.
The company sells its products to content creators, broadcasters, specialty
channels, television service providers, and multi-system operators.
Evertz Microsystems Limited was founded in 1966 and is headquartered in
Burlington, Canada.
The Company exports worldwide.
Staff: 380
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
EVERTZ TECHNOLOGIES LIMITED
5292 John Lucas Drive, Burlington, Ontario L7L 5Z9 – Canada
Incorporated on 05-28-1981
Federal Corporation ID# 1150393
The Company is listed with
the Toronto Stock Exchange under symbol ET.
Last financials appears as
follow:
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04/2013 |
04/2012 |
04/2011 |
04/2010 |
04/2009 |
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Total Revenue |
316,305 |
293,400 |
309,259 |
286,455 |
315,905 |
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Total Net Income |
64,590 |
59,540 |
77,714 |
61,502 |
100,717 |
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Management:
Romolo MAGARELLI is the President, Director and CEO.
He was employed at Leitch Corporation from 1991 to 1997 and served as
Senior Manager of Hardware Development.
Mr. Magarelli has more than 15 years of high technology design and
manufacturing experience.
He has been a Director of Evertz Technologies Ltd. since 1997.
Mr. Magarelli is a professional engineer and holds a Bachelor of
Electrical Engineering degree from the University of Waterloo and is a Member
of Professional Engineers of Ontario.
Anthony Ronald GRIDLEY is the CFO.
They are also involved in the parent company.
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 70,000,000=
The business is profitable.
Banks: Royal Bank of Canada
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several
Haut du formulaire
Domestic credit history:
National Credit Bureaus
gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made with an average of 2 to 5 days beyond terms.
International
credit history:
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
Other comments:
The Company maintains a
strong 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.96 |
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|
1 |
Rs.102.91 |
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Euro |
1 |
Rs.86.58 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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.