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Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
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Name : |
WHITEWATER WEST
INDUSTRIES LTD. |
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Registered Office : |
6700 Mc Millan Way, Richmond, British Columbia V6W 1J7 |
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Country : |
Canada |
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Year of Establishments : |
1980 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Engaged in designing, manufacturing, and building waterpark attractions. · Subject offers waterslides, interactive, waves and rivers, as well as flowriders. · Subject also provides prime plays, such as hopkins rides, family entertainment centers, family adventure parks, park attractions, and playgrounds. · Subject also offers park planning, engineering, manufacturing, project management, and after sales and services. · Subject serves waterparks, parks and recreation facilities, resorts, amusement parks, and cruise ships. |
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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 : |
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: WHITEWATER WEST INDUSTRIES LTD.
Address: 6700 Mc Millan Way, Richmond, British
Columbia V6W 1J7
Canada
Telephone: +1
604-273-1068
Fax: +1 604-273-4518
Website: www.whitewaterwest.com
Corporate ID#: BC-0000398274
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 12-17-1990
Date founded: 1980
Name of manager: Geoffrey
CHUTTER
Business:
Whitewater West Industries Ltd. designs, manufactures, and builds
waterpark attractions.
It offers waterslides, interactive, waves and rivers, as well as
flowriders.
The company also provides prime plays, such as rides, family entertainment centers, family adventure
parks, park attractions, and playgrounds. In addition, it offers park planning, engineering, manufacturing, project management, and after sales and services.
The company serves waterparks, parks and recreation facilities, resorts,
amusement parks, and cruise ships.
Whitewater West Industries Ltd. was founded in 1980 and is based in
Richmond, Canada.
The company has additional offices in California, Colorado, Florida,
Ohio, Virginia, Australia, China, Egypt, France, Korea, New Zealand, the
Russian Federation, Spain, Thailand, the United Arab Emirates, and the United
Kingdom.
The Company exports 90% of its production.
Suppliers include:
Ningbo Zhong Lian Steel Structure Co., Ltd.
5th Floor, No. 438,
Zhu Jiang Nan Road, Beilun, Ningbo, Zhejiang, China 315800
Staff: 200
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Geoffrey CHUTTLER is the President, Director and CEO
Maxwell DICKOFF is Controller.
Subsidiaries And partnership:
Hopkins Rides LLC
4239 SW High Meadows Avenue
Palm City, FL 34990 USA
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 40,000,000= verse USD 35,000,000= in 2012.
The business is profitable.
Banks: Scotia 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