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Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
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Name : |
378642 ONTARIO INC. |
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Registered Office : |
270 Sherman Avenue N., Hamilton, Ontario L8L 6N5 - |
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Country : |
Canada |
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Date of Incorporation : |
1978 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Designs and manufactures portable gas analyzers, continuous gas analyzers, and sample conditioning equipment for industrial applications |
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No of Employees : |
20 |
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
|
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.
|
Source
: CIA |
NOTE:-
Your order on: NOVA
ANALYTICAL SYSTEMS.
This is a business name used by: 378642
ONTARIO INC.
378642 ONTARIO
INC.
Address: 270 Sherman Avenue N.,
Hamilton, Ontario L8L 6N5 - Canada
Telephone: +1
905-545-2003
Fax: +1 905-545-4248
Website: www.nova-gas.com
Corporate ID#: ON-000378642
State: Ontario
Judicial form: Corporation – Profit
Date incorporated:
Stock: -
Value: -
Name of manager: Grant FREEMAN
Business:
Nova Analytical Systems designs and manufactures portable gas analyzers,
continuous gas analyzers, and sample conditioning equipment for industrial
applications in Canada and internationally.
The company provides gas analyzers, including oxygen analyzers, NOx
analyzers, carbon monoxide analyzers, LEL combustibles analyzers, carbon
dioxide analyzers, ammonia analyzers, methane analyzers, hydrocarbons
analyzers, hydrogen analyzers, helium analyzers, nitrogen oxide analyzers, SF6
analyzers, nitrogen dioxide analyzers, HCl analyzers, sulfur dioxide analyzers,
chlorine monitors, H2S analyzers, hydrogen fluoride monitors, dew point
monitors, and fluorine monitors.
Its products are used in flue gas analyzers, emissions analyzers,
process gas analyzers, landfill gas analyzers, biogas analyzers, heat treating
analyzers, syngas production analyzers, blast furnace top gas analyzers,
hydrogen purity gas analyzers, ambient air monitors, personnel safety monitors,
engine exhaust analyzers, and controlled atmos analyzers.
The company was founded in 1978 and is based in Hamilton, Canada.
As of December 12, 2011, Nova Analytical Systems, Inc. operates as a
subsidiary of Tenova Goodfellow Inc.
No name of foreign suppliers available.
Staff: 20
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
TENOVA GOODFELLOW INC.
7070 Mississauga Road, Suite 170
Mississauga, Ontario L5N 7G2 - Canada
Tenova Goodfellow Inc. offers engineering services. The company provides
process control technology and off-gas monitoring and analysis services.
It offers services under the EFSOP brand name. The company was formerly
known as Techint Goodfellow Technologies Inc. It is based in Mississauga,
Canada. Tenova Goodfellow Inc. operates as a subsidiary of Tenova S.p.A.
Management:
James McPHERSON is the President.
Grant FREEMAN is the General Manager.
Graduate from McMaster University in 2003 with a MBA in Finance.
Commercial Manager with Nova Analytical Systems from October 2005 to
November 2011, and became General Manager.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent an email but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 4,000,000=
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: September
2014
High credit: CAD
15,000
Now owing: 0
Past due: 0
Last purchase: August
2014
Line of business: Office supply
Paying status: On
terms
Date reported: September
2014
High credit: CAD
30,000
Now owing: 0
Past due: 0
Last purchase: August
2014
Line of business: Payroll
Paying status: As
agreed
Date reported: September
2014
High credit: CAD
300
Now owing: 0
Past due: 0
Last purchase: August
2014
Line of business: Telecommunications
Paying status: On
terms
Domestic credit history:
Domestic credit history
appears as follow:
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Monthly Payment Trends - Recent Activity |
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National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were 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.61.75 |
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1 |
Rs.100.07 |
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Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SMN |
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.