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Report Date : |
18.01.2014 |
IDENTIFICATION DETAILS
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Name : |
CHEMETICS INC. |
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Formerly Known as: |
AKER SOLUTIONS CANADA
INC. |
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Registered Office : |
2930 Virtual Way, Ste 200,Vancouver, British Columbia V5M 0A5 |
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Country : |
Canada |
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Year of Establishments: |
1964 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject offers expertise and know-how in the design, supply and
operation of various proprietary process sytems and plants. Subject business is divided into three groups:- · The Chemical Business offers technology for the production of sodium chlorate, chlorine and caustic soda, and chlorine dioxide. · The Acid Business offers technology and patented proprietary equipment for sulphur burning, metallurgical and sulphuric acid plants and the treatment and concentration of nitric and sulphuric acids. · The Chemical Equipment Business supplies the sodium chlorate industry with proprietary electrolizers |
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No. of Employees : |
250 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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Without Financials |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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: CHEMETICS INC.
Address: 2001 Clenets Road,
Pickering, Ontario L1W 4C2 – Canada
Telephone: +1
905-619-5200
Fax: +1 905-619-5345
Reg. address: 2930 Virtual Way, Ste 200
Vancouver, British Columbia V5M
0A5 – Canada
Telephone: +1
604-734-1200
Fax: +1 604-734-0340
Website: www.jacobs.com/chemetics
Corporate ID#: 3451909
State: Federal
Judicial form: Federal Corporation – Profit
A
Federal Corporation is allowed to do business in all the
Country
Date incorporated: 01-01-1998
Date founded: 1964
Stock: -
Value: -
Name of manager: John
LONGO
History:
03-25-2011
Name changed from AKER
SOLUTIONS CANADA INC.
Business:
Chemetics offers expertise and know-how in the design, supply and
operation of various proprietary process sytems and plants. The business is
divided into three groups. The Chemical Business offers technology for the
production of sodium chlorate, chlorine and caustic soda, and chlorine dioxide.
The Acid Business offers technology and patented proprietary equipment for
sulphur burning, metallurgical and sulphuric acid plants and the treatment and
concentration of nitric and sulphuric acids. The Chemical Equipment Business
supplies the sodium chlorate industry with proprietary electrolizers.
The following Technologies, process equipment, and plants are available
from Chemetics:
Chemical Technologies
> Chloralkali Plants
> Sodium Chlorate plants
> Integrated Chlorine Dioxide Plants
> Sodium Hypochlorite Plants and Systems
> Hydrochloric Acid Plants
> Sulphate Removal Systems (SRS)
Sulphuric Acid Technologies & Equipment
> Sulphuric Acid Plants
> Liquid SO2 Plants
> Proprietary Equipment
> Sulphuric Acid Concentration
> Denitration / Nitric Acid Concentration
> Spent Acid Recovery Systems.
Staff: 250
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
The Company maintains
branches located:
2930 Virtual Way, Ste 200
Vancouver, British Columbia V5M 0A5
205 Quarry Park Boulevard SE
Calgary, Alberta T2C 3E7
1800, 10065 Jasper Avenue
Edmonton, Alberta T5J 3B1
2000 Argentia Road
Plaza 1, Suite 400
Mississauga, Ontario L5N 1P7
Suite 301 S. - 1920 Yonge Street
Toronto, Ontario M4S 3E2
Shareholders:
The parent company is:
JACOBS NORWAY AS, a
Norvegian Corporation (100%)
The ultimate parent company
is:
JACOBS ENGINEERING GROUP,
INC.
(Public Company listed with
the NYSE under symbol JEC)
Management:
The Board of Directors includes Andrew Francis KREMER, James John
McGRATH,
Andrew Bryan BERRYMAN, Nicole Von KEUTZ.
John LONGO is the Director of Operations.
Subsidiaries And Partnership:
JACOBS MINERALS CANADA
INC., a Canadian Corporation (100%)
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 excess of CAD 50,000,000+
The business is said to be
profitable.
Banks: HSBC Bank
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several