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Report Date : |
24.09.2013 |
IDENTIFICATION DETAILS
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Name : |
STREAM-FLO INDUSTRIES LTD |
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Registered Office : |
4505 74th Avenue, Edmonton, Alberta T6B 2H5 |
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Country : |
Canada |
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Date of Incorporation : |
30.03.1976 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Engineers and Manufactures wellheads, gate valves, check valves,
emergency shutdown systems, actuators, pump control units, Christmas tree
equipment, and safety systems for the pipeline industry. |
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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 : |
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) |
|
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: STREAM-FLO INDUSTRIES LTD
Address: 4505 74th
Avenue, Edmonton, Alberta T6B 2H5 - Canada
Telephone: +1
780-468-6789
Fax +1 780-469-7724
Website: www.streamflo.com
Corporate ID#: AB-0200889251
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: 03-30-1976
Stock: -
Value: -
Name of manager: Mark
McNEILL
Business:
Stream-Flo Industries Ltd. engineers and manufactures wellheads, gate
valves, check valves, emergency shutdown systems, actuators, pump control
units, Christmas tree equipment, and safety systems for the pipeline industry.
It offers crown swing check valves, crown piston check valves, crown
wafer check valves, crown wafer nozzle check valves, actuated check valves,
subsea check valves, and crown pigging tees , as well as quality assurance,
after sales, remanufacturing, customer property management, specialty welding
and cladding, installation on location, and product and application education
services. The company was founded in 1962 and is based in Edmonton, Canada.
It has locations in Jakarta, Indonesia; Abu Dhabi and Dubai, United Arab
Emirates; Hassi Messaoud, Algeria; Brooks, Edson, Estevan, Fort McMurray,
Calgary, Fort Nelson, Fort St. John, Grande Prairie, Rainbow Lake, Red Deer,
and Slave Lake, Canada; Granbury, Kilgore, Beeville, Longview, and Houston,
Texas; and Indiana, Pennsylvania.
The Company exports worldwide.
Staff: 200
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains
several branches in Canada.
Shareholders:
STREAM-FLO RESOURCES LTD
202 6th Avenue SW Bow Valley Sq. Suite 200
Calgary, Alberta T2P 2R9, Canada
Incorporated in Alberta on
12-13-1968
ID# AB-0200492437
Management:
Mark McNEILL is the President, Director and CEO
Former President with Master Pro Valve, Inc. from 1979 to 2011.
Duncan McNEISS is the Chairman
Len LAMBERT is Vice President of Finance.
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 48,000,000=
The business is profitable.
Banks: 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
Trade references:
Date reported: July
2013
High credit: CAD
80,000
Now owing: 0
Past due: 0
Last purchase: June
2013
Line of business: Office supply
Paying status: On
terms
Date reported: July
2013
High credit: CAD
250,000+
Now owing: 0
Past due: 0
Last purchase: June
2013
Line of business: Payroll
Paying status: As
agreed
Date reported: July
2013
High credit: CAD
1,400
Now owing: 0
Past due: 0
Last purchase: June
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 terms.
International
credit history:
Payments of imports are currently made on terms.
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.62.52 |
|
|
1 |
Rs.100.26 |
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Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
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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 |
|
<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.