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Report No. : |
327069 |
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Report Date : |
15.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BEST THERATRONICS LTD. |
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Registered Office : |
413 March Road, Ottawa, Ontario K2K 0E4 |
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Country : |
Canada |
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Date of Incorporation : |
03.12.2007 |
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Legal Form : |
Federal Corporation Profit (A Federal Corporation is
allowed to do business in all the Country) |
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Line of Business : |
·
Subject is engages in designing, manufacturing, installing,
and servicing external beam teletherapy machines and self-contained blood
irradiators to treat cancer. ·
The company offers Theratron Equinox, an isotope
based teletherapy system; and Theratron Phoenix External Beam Therapy System,
which provides lifesaving treatments in the harshest clinical environments
for cancer. Its products are used in brachytherapy and external beam
radiation. |
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No. of Employees : |
180 |
RATING & COMMENTS
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MIRAs 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 : |
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 December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 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. 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 |
Company name: BEST THERATRONICS LTD.
Address: 413 March Road, Ottawa, Ontario K2K
0E4 Canada
Telephone: +1
631-591-2100
Fax: +1 631-591-6627
Website: www.theratronics.ca
Corporate ID#: 6883508
State: Federal
Judicial form: Federal Corporation Profit
(A Federal Corporation is allowed to do
business in all the Country)
Date incorporated: December
3, 2007
Stock: -
Value: -
Name of manager: Krishnan
SUTHANTHIRAN
Business:
Best Theratronics Ltd. engages in designing, manufacturing, installing,
and servicing external beam teletherapy machines and self-contained blood
irradiators to treat cancer.
The company offers Theratron Equinox, an isotope based teletherapy
system; and Theratron Phoenix External Beam Therapy System, which provides
lifesaving treatments in the harshest clinical environments for cancer. Its
products are used in brachytherapy and external beam radiation.
The company was incorporated in 2007 and is based in Ottawa, Canada.
Best Theratronics Ltd. operates as a subsidiary of Best Medical
International, Inc.
After an investment of CAD 20 million by Mr. Suthanthiran, Best
Theratronics now manufactures cyclotrons of varying sizes and capabilities that
produce medical isotopes used to treat cancer.
Foreign suppliers include:
INSTITUTO DE CANCEROLOGIA SA
V EL DORADO 106 39 OF 410 TER DE CARGA DOS COLOMBIA
BUCKLEY SYSTEMS LTD
9 11 BOWDEN ROAD OAKLAND NEW ZEALAND
Staff: 180
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on
150,000 sq. ft. owned.
Shareholders:
Best Medical International, Inc.
7643 Fullerton Road
Springfield, Virginia 22153 USA
Best Medical International, Inc. engages in the development,
manufacture, and marketing of brachytherapy products, and radiotherapy and
diagnostic imaging devices to healthcare providers and organizations worldwide.
Best Medical International, Inc. was founded in 1977 and is based in
Springfield, Virginia.
Management:
Krishnan SUTHANTHIRAN is
the President and Director.
He founded Best Medical Canada Ltd. in 1977 and serves as its President.
Mr. Suthanthiran purchased ATV Productions in June of 2005 and
immediately founded a sister company, Best Entertainment Corp., to facilitate
international distribution of television and movies. He serves as Chairman of
the Board of Best Entertainment Corp. He attend Carleton University in Ottawa,
Ontario. After completing his masters in Mechanical Engineering, he took
pre-med courses at the University of Toronto and worked for an oncologist in
the U.S.
Chandrakanth ARYA and David CHOO are Directors.
As far as we know, they are involved in other corporations, including:
BEST CYCLOTRON SYSTEMS, INC.
8765 Ash St., Unit 7, Vancouver, British Columbia 6P 6T3 - Canada
BEST MEDICAL CANADA LTD.
413 March Road, Ottawa, Ontario K2K 0E4 Canada
BEST ENTERTAINMENT CORP.
7643 Fullerton Road, Springfield, VA 22153 - USA
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 fiscal
year ending January 2015 is in the range of
CAD 50,000,000+
The business is said to be
profitable.
Banks: Royal Bank of Canada
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: none
Trade references:
Date reported: May 2015
High credit: CAD 30,000
Now owing: 0
Past due: 0
Last purchase: April 2015
Line of business: Office supply
Paying status: On terms
Date reported: May 2015
High credit: CAD 250,000
Now owing: 0
Past due: 0
Last purchase: April 2015
Line of business: Payroll
Paying status: As agreed
Date reported: May 2015
High credit: CAD 1,000
Now owing: 0
Past due: 0
Last purchase: April 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
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.
Last report was filed on
October 1, 2014.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
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|
1 |
Rs.99.27 |
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Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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
SCs 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.