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Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
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Name : |
FOCUS MICROWAVES INC. |
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Registered Office : |
1603 Rue Saint-Regis, |
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Country : |
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Date of Incorporation : |
20.07.1987 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Subject manufactures automatic impedance tuners from 10mhz to
110ghz and on-wafer integrated load pull and noise measurement systems. |
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No. of Employees |
28 |
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.
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Source
: CIA |
Company name: FOCUS MICRO ONDES INC. (in French)
FOCUS
MICROWAVES INC. (in English)
Address: 1603 Rue Saint-Regis,
Telephone: +1
514-684-4554
Fax: +1 514-684-8581
Website: www.focusmicrowaves.com
Corporate ID#: 1140939019
State: Quebec
Judicial form: Corporation – Profit
Date incorporated:
07-20-1987
Stock: -
Value: -
Name of manager: Christos
TSIRONIS
Business:
The Company manufactures automatic impedance tuners from 10mhz to 110ghz
and on-wafer integrated load pull and noise measurement systems.
No name of foreign suppliers available.
Staff: 28
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
3055931 CANADA INC. (+50%)
44 Rue du Karibou
Kirkland, Quebec H9J 2H8 –
Canada
Management:
Christos TSIRONIS is the President, Director and CEO.
Graduate from RWTH Aachen University in 1979.
Imme FICHTNER is Secretary.
As far as we know they are involved in the parent company.
Dr. Zacharia OUARDIRHI is the General Manager.
Graduate from Ecole Polytechnique, Montreal
Emily MANENTIS is the CFO.
Subsidiaries
And partnership: None
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 5,000,000=
The business is said to be
profitable.
Banks: Banque Royale du Canada
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: August 2014
High credit: CAD 6,000
Now owing: 0
Past due: 0
Last purchase: July 2014
Line of business: Office supply
Paying status: On terms
Date reported: August 2014
High credit: CAD 35,000
Now owing: 0
Past due: 0
Last purchase: July 2014
Line of business: Payroll
Paying status: As agreed
Date reported: August 2014
High credit: CAD 400
Now owing: 0
Past due: 0
Last purchase: July 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
Monthly Payment Trends - Recent Activity
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
03/14 |
$4,700 |
100% |
0% |
0% |
0% |
0% |
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04/14 |
$4,500 |
100% |
0% |
0% |
0% |
0% |
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05/14 |
$4,300 |
100% |
0% |
0% |
0% |
0% |
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06/14 |
$4,600 |
100% |
0% |
0% |
0% |
0% |
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07/14 |
$4,600 |
100% |
0% |
0% |
0% |
0% |
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08/14 |
$4,300 |
100% |
0% |
0% |
0% |
0% |
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 its
business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local and
federal taxes were paid on due date.
Last report was filed on
July 1, 2014.
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 |
|
US Dollar |
1 |
Rs.61.10 |
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UK Pound |
1 |
Rs.99.05 |
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Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
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.