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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ENVIRA-NORTH SYSTEMS LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.02.2003 |
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Legal Form : |
Corporation – Profit LLC
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Line of Business : |
Manufactures and sells the most innovative commercial
ventilation systems |
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No. of Employees |
40 |
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 1, 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 |
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 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: ENVIRA-NORTH SYSTEMS LTD
Address: 92 Railway Street, Seaforth, Ontario N0K 1W0 - Canada
Telephone: +1 519-527-2198
Fax: +1 519-527-2560
Website: www.enviranorth.com
Corporate ID#: ON-002022054
State: Ontario
Judicial form: Corporation – Profit LLC
Date incorporated: February 3, 2003
Stock: -
Value: -
Name of
manager: Daniel LAMBERT
Business:
Envira-North Systems Ltd.
designs, manufactures and sells the most innovative commercial ventilation
systems on the market today.
Envira-North Systems is Canada's largest supplier of industrial/commercial big
ceiling (destratification) fans and claim 75% of the Canadian market for
industrial/commercial destratification and ventilation fans.
Applications include hangars, warehouses, hockey rinks, shopping malls, distribution centres, office buildings, dairy farms, or any other facility with high ceilings.
Staff: 40
Operations & branches:
At the
headquarters, we find a factory, warehouse and office, owned.
Shareholders:
This is a
private Company.
Management:
Daniel LAMBERT is the President, Director and CEO.
(no antecedents available)
As far as we know, he is involved in:
SUN-NORTH SYSTEMS LTD
92 Railway Street, Seaforth, Ontario N0K 1W0 - Canada
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, a sales assistant controlled the present report but deferred any
financials.
We sent a
fax but no answer received.
Sales
declared for year 2013 is in the range of CAD 4,000,000=
(same as
2012)
The
business is said to be profitable.
Banks: Scotia Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade
references:
Date
reported: July 2014
High
credit: CAD 2,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: July 2014
High credit: CAD 50,000+
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: July 2014
High
credit: CAD 600
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
Domestic
credit history appears as follow:
|
Monthly Payment
Trends - Recent Activity |
|
National
Credit Bureaus gave a satisfying credit rating.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.10 |
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1 |
Rs.102.04 |
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Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
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41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.