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Report Date : |
02.08.2014 |
IDENTIFICATION DETAILS
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Name : |
LIBURDI TURBINE SERVICES INC. |
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Registered Office : |
400 Highway 6, |
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Country : |
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Date of Incorporation : |
09.11.2001 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject offers component repairs and engineering services in support of the gas turbine industry |
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No of Employees : |
250 |
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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 high 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 merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its abundant 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 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela
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Source
: CIA |
Company name: LIBURDI TURBINE SERVICES INC.
Address: 400 Highway 6,
Telephone: +1
905-689-0734
Fax: +1 905-689-0739
Website: www.liburdi.com
Corporate ID#: ON-002006794
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: November
9, 2001
Stock: -
Value: -
Name of manager:
Business:
Liburdi Turbine Services, Inc. offers component repairs and engineering services
in support of the gas turbine industry.
The company provides a range of component refurbishment and life
extending processes for aero and industrial turbines, including alloy
rejuvenation, LPM powder metallurgy, and automated welding processes, as well
as coatings for erosion, oxidation, and corrosion resistance.
Its services also include component repairs, overhaul, and life
analysis.
The company was founded in 1979 and is based in Dundas, Canada with
facilities in Dundas, Ontario; and Davidson, North Carolina.
Liburdi Turbine Services, Inc. operates as a subsidiary of Liburdi
Engineering Limited.
On November 13, 2013, Turbine Services & Solutions, LLC (TSS) has
agreed to form a joint-venture (JV) with Liburdi Turbine Services, Inc. in Abu
Dhabi, UAE. The JV will provide repair and refurbishment services for
components of aero-derivative and light industrial gas turbines, as well as
other rotating equipment used in the oil and gas industry.
Staff: 250
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, for the Liburdi group of companies.
Shareholders:
LIBURDI ENGINEERING LIMITED
400 Highway 6, Dundas, Ontario L9H 7K4 - Canada
Incorporated in Ontario on August 2, 1978
ID# ON-000388601
Liburdi Engineering Limited provides metallurgical analysis, mechanical
design, performance monitoring, repair development, and corporate research and
development services to the turbine industry for commercial and military
applications worldwide.
Management:
Joseph LIBURDI is the President.
As far as we know, HE IS THE President of several other corporations,
including:
- LIBURDI AUTOMATION INC.
- LIBURDI ENGINEERING LIMITED
- LIBURDI ENGINEERING INTERNATIONAL CORPORATION
and others.
Lloyd COOKE is the Director of Operations.
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 but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 35,000,000=
The business is profitable.
Banks: HSBC 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