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Report No. : |
354379 |
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Report Date : |
26.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SNC-LAVALIN NUCLEAR INC. |
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Registered Office : |
2275 Upper Middle Road East, Oakville, Ontario L6H 0C3 |
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Country : |
Canada |
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Date of Incorporation : |
13.06.1967 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject operates as a nuclear engineering company in Canada. It provides
project management, design engineering, supply management services,
construction management, operating plant support, and radioactive materials
management and decommissioning services. |
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No. of Employee : |
300 |
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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Maximum Credit Limit : |
CAD 300,000= |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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: SNC-LAVALIN
NUCLEAR INC. (in English)
SNC-LAVALIN NUCLEAIRE INC. (in French)
Address: 2275 Upper Middle Road
East, Oakville, Ontario L6H 0C3
Canada
Telephone: +1
905-829-8808
Fax: +1 905-829-8809
Website: www.snclavalin.com
Corporate ID#: 0352276
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 06-13-1967
Stock: --
Value: --
Name of manager: Alexander S.
TAYLOR
Business:
SNC-Lavalin Nuclear Inc. operates as a nuclear engineering company in Canada.
It provides project management, design engineering, supply management services,
construction management, operating plant support, and radioactive materials
management and decommissioning services.
The company was founded in 1967 and is based in Oakville, Canada with an
additional office in Montreal, Canada.
SNC-Lavalin Nuclear Inc. operates as a subsidiary of SNC-Lavalin Inc.
Since 05-30-2005, the Company is also doing business as CANATOM NPM.
On 04-17-2013, the firm has been sanctioned by the Inter American
Development Bank’s Sanctions Committee because it was found to have engaged in fraudulent and corrective practice in
violation of the IDB Group’s anti-corruption policies. These findings were made
through an administrative process that permitted the accused firms and/or
individuals to respond to the allegations pursuant to the Sanctions Procedures.
Staff: 300
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains
several branches in Canada including the one located:
2285 Speakman Drive
Mississauga, Ontario L5K
1B1
Shareholders:
SNC-LAVALIN INC.
455 Bd Rene Levesque Ouest
Montreal, Quebec H2Z 1Z3 - Canada
(The Company is listed with the TSX under symbol SNC.TO)
Management:
Alexander S. TAYLOR is the President, Director and CEO.
Mr. Taylor joins SNC-Lavalin after 29 years with ABB, where he held a
number of senior roles, including Senior Group Vice-President of the Global
Oil, Gas and Petrochemicals business unit, and President and CEO of ABB Canada.
He brings with him vast experience in numerous engineering sectors, with
an excellent track record in a range of power generation and transmission and
distribution projects. Mr. Taylor also has significant experience in providing
services to industrial and utility clients in Canada and around the world.
Mr. Taylor began his career at Atomic Energy of Canada Ltd. in 1979, where he
contributed to the successful start-up and operation of various CANDU sites. He
joined ABB in 1985 and held positions of increasing responsibility, including
his role in expanding the company’s activities across Europe while he was
stationed in London.
Mr. Taylor holds a Bachelor of Applied Science in Mechanical Engineering
from Queen's University and a Master’s in Business Administration from the
University of Western Ontario. He is also a member of the Board of Directors of
the Wajax Corporation.
Other Directors include Janet OH and Alain-Pierre RAYNAUD.
Arden R. FURLOTTE is Secretary.
As far as we know, they are involved in several other corporations of
the group.
Subsidiaries: Several worldwide
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2014 is in the range of CAD 15,000,000=
The business is profitable.
Banks: Royal Bank of Canada
Legal filings & complaints: None
Secured debts summary: None