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Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
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Name : |
NBS TECHNOLOGIES INC. |
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Registered Office : |
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Country : |
Canada |
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Date of Incorporation : |
26.09.1980 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Subject is engaged in designs, develops, and manufactures card personalization equipment and software for card personalization, secure ID, and smart card chip/EMV compliance/migration. Its products include UbiQ Software, an EMV/chip card
software that includes UbiQPersoMaster, an EMV/chip card migration and
compliance suite for high-volume central card issuance environments, as well
as Xpressi, a remote and branch instant card issuance software solution; and
Javelin5, a card design software. |
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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 – 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: NBS TECHNOLOGIES INC.
Address: 703 Evans Avenue, Ste
402, Etobicoke, Ontario M9C 5E9
Canada
Telephone: +1
416-621-1911
Fax: +1 416-621-8875
Website: www.nbstech.com
Corporate ID#: ON-001721477
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-27-2006
Date founded: 09-26-1980
Stock: -
Value: -
Name of manager: Bryan
HILLS
Business:
NBS Technologies, Inc. designs, develops, and manufactures card
personalization equipment and software for card personalization, secure ID, and
smart card chip/EMV compliance/migration.
Its products include UbiQ Software, an EMV/chip card software that
includes UbiQPersoMaster, an EMV/chip card migration and compliance suite for
high-volume central card issuance environments, as well as Xpressi, a remote
and branch instant card issuance software solution; and Javelin5, a card design
software.
The company also offers desktop card printers, desktop card embossers,
card imprinters, card personalization systems, smart card
manufacturing/production equipment, wafer handling and inspection equipment,
and consumables and spare parts. Its products are used in instant and central
card issuance, EMV migration/compliance, and wafer handling and packaging
applications.
NBS serves casino/gaming, financial, government, healthcare,
semiconductor, service, and smart card manufacturing industries in Canada and
internationally. It sells its products through dealers.
Staff: 200
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
BROOKFIELD ASSET MANAGEMENT INC.
181 Bay Street
Toronto, Ontario M5J 2T3 - Canada
Public Company listed with
the TSX under symbol BAM.
Management:
Bryan HILLS is the President, Director and CEO.
He has been Chief Executive Officer and President of NBS Technologies
Inc. since February 2010. Mr. Hills is responsible for the leadership and
continued development of NBS Technologies. Mr. Hills served as Chief Financial
Officer of NBS Technologies Inc. since 2006. Previously, Mr. Hills served as
the Vice President of Finance of Cygnal Technologies Corporation until being
appointed Vice President of Risk Management and Internal Controls. He also
served as an Interim Chief Financial Officer of Cygnal Technologies Corporation.
Michael DELANEY, Vice President
Mark SWALWELL, Vice President and CFO.
Subsidiaries
and partnership:
NBS TECHNOLOGIES, INC.
10925 Bren Road East,
Minneapolis, Minnesota 55343 - USA
NBS TECHNOLOGIES LTD
B1 Moorfield Point, Slyfield Industrial Park,
Guildford, Surrey GU1 1RU, United Kingdom
NBS TECHNOLOGIES S.A.
Zone Industrielle, Avenue Villevieille
13106 Rousset Cedex
France
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 15,000,000=
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