MIRA INFORM REPORT
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Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
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Name : |
MICROSAT SYSTEMS CANADA INC. |
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Registered Office : |
76 Peervers Crescent, Newmarket, Ontario L3Y 7T1 |
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Country : |
Canada |
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Date of Incorporation : |
16.04.2008 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subejct applies automation and robotics technology for the aerospace
market. |
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No of Employees : |
14 |
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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 & ADDRESS
Company name: MICROSAT SYSTEMS CANADA INC.
Reg. office: 76 Peervers Crescent, Newmarket, Ontario
L3Y 7T1 - Canada
Address: 6870 Goreway Drive, Mississauga,
Ontario L4V 1P1 – Canada
Telephone: +1
905-364-0388
Fax: +1 905-364-0389
Website: www.mscinc.ca
Company
Summary
Corporate ID#: 6958931
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 04-16-2008
Stock: -
Value: -
Name of manager: David
COOPER
ACTIVITIES & OPERATIONS
Business:
MICROSAT SYSTEMS CANADA INC. applies automation and robotics technology
for the aerospace market. Its capabilities are systems integration, analysis
and simulation, software and hardware design and fabrication.
In aerospace, Microsat Systems Canada Inc. develops satellite control
systems products, performs advanced systems analyses and constructs complete
microsatellites.
Current customers include, Honeywell, SpaceDev, Microsat International, the
Canadian Space Agency, US Defense Applied Research Agency and the Department of
National Defense.
No name of foreign suppliers available.
Staff: 14
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
SHAREHOLDERS
& MANAGERS
Shareholders:
David COOPER is a major
shareholder.
Management:
David COOPER is the President, Director and CEO.
MBA from Queen’s University in 2000
As far as we know, he is the President and CEO of:
COMSPEC SATELLITES INC.
76 Peevers Crescent, Newmarket ON L3Y 7T1, Canada
COMMStellation™ is MSCI’s name for communications constellation that is
being developed to help alleviate global backhaul issues and connect rural and
remote areas of the world where fibre infrastructure is cost prohibitive.
COMMStellation™ is scheduled for launch in 2015.
MSCI’s COMMStellation™ will orbit the earth at a height of 1,000 kilometres
circling the earth in a polar orientation.
The COMMStellation™ will be comprised of 78 microsatellites in 6 orbital
planes with an additional 6 redundant microsatellites (1 per orbital plane). In
its current configuration, COMMStellation™ will provide 100% global coverage
with up to 15 times the speed and 10 times the total bandwidth capacity of a
MEO constellation of comparable satellites.
FINANCIALS
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.
Outside sources (bank) gave
estimate sales for year 2013 in the range of
CAD 1,800,000=
The business is said to be
profitable.
Banks: Scotia Bank
LEGAL
FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None