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Report No. : |
353271 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ENERVAC CORPORATION |
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Registered Office : |
280 Holiday Inn Drive, Cambridge, Ontario N3C 1Z4 |
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Country : |
Canada |
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Date of Incorporation : |
12.09.1978 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is divided into two divisions, our Environmental Technology Group
and our Utility Group to better service our wide range of customers |
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No. of Employee : |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, and electric power, and a top source of US uranium imports. 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 early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-14 and plans to balance the budget by 2015 despite the recent drop in oil prices. 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 and is the world’s fifth-largest oil producer.
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Source
: CIA |
Company name: ENERVAC
CORPORATION
Address: 280 Holiday Inn Drive, Cambridge, Ontario N3C 1Z4
- Canada
Telephone: +1
519-651-1034
Fax: +1 519-651-1038
Website: www.enervac.com
Corporate ID#: ON-001096270
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-03-1994
Date founded: 09-12-1978
Stock: --
Value: --
Name of manager: Anthony
GUGLIELMI
History:
A former ENERVAC
CORPORATION was incorporated in Ontario on September 12, 1978, under ID# ON-000395358,
merged into the new ENERVAC CORPORATION, on October 3, 1994.
Business:
ENERVAC is divided into two divisions, our Environmental Technology
Group and our Utility Group to better service our wide range of customers.
The Environmental Technology Group manages the Trampoil Separators,
Coolant Recycling Systems, Sump Cleaners, Reverse Osmosis Systems,
Ultrafiltration Systems, Filters as well as Consulting on water, coolant and
waste water issues.
The Utility Group manages Dehydrators, Degasifiers, Dryers, Mobile Oil
Filters, Fuller's Earth Systems, Sulfur Hexafluoride (SF6) Processing Systems,
Oil Filters and Air Filters, Centralized Lubrication Systems as well as
consulting on your oil, air and SF6 needs.
Environmental Profile Enervac specializes in dehydration and
conventional filtration technologies for oil purification and recycling.
Enervac's compressed air dryer group specialize in high pressure dryers
for moisture and particulate removal.
The Environmental Technology Group have expertise in oil/water/solid
separation technologies and in membrane separation (reverse osmosis,
nanofiltration, ultrafiltration and microfiltration) to purify, concentrate or
recycle water, cleaners and wastewater.
The quality assurance programs meet high standards, including ISO
9000:2000 and ASME pressure vessel code. Customer support is provided by
technical sales, the applications group, the service department and the
in-house testing lab. Key Words: SF6, SF6 recovery, oil, vacuum oil dehydration,
vacuum oil degasification, coolant recovery, filtration, waste water treatment,
reclamation, fullers earth, vacuum oil purifiers, trampoil separators,
lubrication.
The Company exports worldwide.
Major clients include Siemens, ABB, AREVA, Alstom, Duke Energy, TVA,
CG International, Hydro One, BC Hydro, Major Utilities, Armed Forces,
Mining, Steel Plants, Pulp & Paper Mills, Governments…
No name of foreign suppliers available.
Staff: 40
Operations & branches:
At the headquarters, we find
a factory, warehouse and office, on 60,000
sq. feet.
Currently operating joint ventures in U.A.E. and Brazil.
Shareholders:
ENERVAC HOLDINGS LTD.
Incorporated in Ontario on
January 9, 2010
ID# ON-001832627
Management:
Anthony GUGLIELMI,
President and CEO.
Scott ALLEN, Vice President
Research and Sales
As far as we know, he is they are not involved in other local
corporations.
Subsidiaries
And partnership: None
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
Outside sources (Chamber of
Commerce) gave estimate sales for year 2014 in the range of CAD 12,000,000=
The business is said to be
profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None