MIRA INFORM REPORT
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Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
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Name : |
SEMEX CANADA INC. |
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Registered Office : |
130 Stone Road West, Guelph, Ontario N1G 3N2 |
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Country : |
Canada |
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Date of Incorporation : |
12.12.1996 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Engaged in Research and Development in the Physical, Engineering and Life Sciences ·
Subject delivers high quality bovine genetic solutions for its
partners who believe in balanced breeding |
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No of Employees : |
50 (approximately 1,800
worldwide) |
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 |
Note:
The corporate name is SEMEX CANADA INC.
Company
name & address
Company name: SEMEX CANADA INC.
Head Office Address: 130
Stone Road West, Guelph, Ontario N1G 3N2 - Canada
Telephone: +1
519-821-5060
Fax: +1 519-821-7225
e-mail: info@semex.com
Website: www.semex.com
Company
summary
Corporate ID#: ON-001213770
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-12-1996
Name of manager: Paul
LARMER
ACTIVITIES & OPERATIONS
Business:
· Research and Development in the Physical, Engineering and Life Sciences
·
The Company delivers high quality bovine genetic solutions for its
partners who believe in balanced breeding.
·
The business is present in 80 countries.
Suppliers include:
SHANGHAI DIANYUN IMP AND EXP CO LTD
NO 626 LUO CHUAN DONG ROAD SHANGHAI CHINA
SEMEX SHANGHAI CO LTD
114 ROOM 516 YUNCHUAN ROAD BAO SHAN DISTRICT SHANGHAI 201906 CHINA
Staff: 50 (approx. 1,800
worldwide)
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
SHAREHOLDERS
& MANAGERS
Shareholders:
WESTGEN
6681 Glover Road
Langley, British Columbia V2Y 1M1 - Canada
EASTGEN
5653 Hwy 6 N., R.R. #5
Guelph, Ontario N1H 6J2 – Canada
CENTRE D’INSEMINATION ARTIFICIELLE DU QUEBEC
3450 Sicotte, Saint-Hyacinthe, Quebec J2S
2M2, Canada
Management:
Paul LARMER is the CEO
Graduate from Harvard Business School in 2012
Present here since June 2007.
Vince BOSQUET, CFO
Robert McRAE, Vice President of Global Operations
Subsidiaries
and Partnership:
None
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 9,000,000+ (same as 2012).
The business is profitable.
Banks: Royal Bank of Canada
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None