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Report No. : |
310546 |
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Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
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Name : |
COMMUNICATIONS & POWER INDUSTRIES CANADA
INC. |
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Registered Office : |
c/o Charles S. REAGH (Registered Agent) 900-1959 Upper Water Street, Halifax, Nova Scotia B3J 2X2 |
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Country : |
Canada |
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Year of Establishments : |
1948 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Engaged as manufacturer of Microwave Communications Products and as the technological leader of high Frequency Switching Power Supplies for Medical and Industrial Markets. ·
Engaged as provider of Microwave, Radio
Frequency, Power and Control Solutions for Critical Defense, Communications,
Medical, Scientific and Other Applications. · Subject Develops, Manufactures and Distributes Products used to Generate, Amplify, Transmit and Receive High-Power/High-Frequency Microwave and Radio Frequency Signals and/or provide power and control for Various Applications. |
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No of Employees : |
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
1,000,000+ |
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Status : |
Good |
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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 – December 31, 2014
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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 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: COMMUNICATIONS & POWER INDUSTRIES CANADA
INC.
Reg. office: c/o Charles S. REAGH (Registered Agent)
900-1959 Upper Water Street,
Halifax, Nova Scotia B3J 2X2
Canada
Headquarters: 45 River Drive, Georgetown, Ontario
L7G 2J4 - Canada
Telephone: +1
905-877-0161
Fax: +1 905-877-5327
Website: www.cpii-com
Corporate ID#: 3266580
State: Nova Scotia
Judicial form: Corporation – Profit
Date incorporated: 09-27-2012
Date founded: 1948
Stock: -
Value: -
Name of manager: Joe O. CALDARELLI
History:
Business issued from the merger of:
- COMMUNICATIONS &
POWER INDUSTRIES CANADA INC. (incorporated on 11-15-1988)
- 3251300 NOVA SCOTIA
COMPANY
Business:
The Company is doing business as CPI CANADA INC.
CPI Canada Inc., located in Georgetown, Ontario, Canada, has established
itself as the premier manufacturer of microwave communications products and as
the technological leader of high frequency switching power supplies for medical
and industrial markets.
CPI Canada Inc., leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. CPI develops, manufactures and distributes products used to generate, amplify, transmit and receive high-power/high-frequency microwave and radio frequency signals and/or provide power and control for various applications. End-use applications of these systems include the transmission of radar signals for navigation and location; transmission of deception signals for electronic countermeasures; transmission and amplification of voice, data and video signals for broadcasting, Internet and other types of commercial and military communications; providing power and control for medical diagnostic imaging; and generating microwave energy for radiation therapy in the treatment of cancer and for various industrial and scientific applications.
The company is organized into
seven operating divisions: Microwave Power Products Division, which now
includes the Eimac operations, in Palo Alto, Calif.; Beverly Microwave Division
in Beverly, Mass.; Satcom Division in Georgetown, Ontario, Canada and Palo
Alto, Calif.; Communications & Medical Products Division in Georgetown,
Ontario, Canada; Econco Division in Woodland, Calif.; Malibu Division in
Camarillo, Calif.; and Radant Technologies Division in Stow, Mass.
CPI Canada`s medical X-ray generators and power supplies have combined
superior performance with outstanding support on a true vendor/customer
partnership basis.
CPI Canada is an ISO 9001 company which is dedicated to continuous improvement
and customer satisfaction.
Foreign suppliers
include:
ITELCA S A S
V EL DORADO 85 D 55 LC 215 COLOMBIA
Staff: 300
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
COMMUNICATIONS & POWER INDUSTRIES INC.
307 Hansen Highway
Palo Alto, CA 94304 - USA
Management:
Joe O. CALDARELLI is the President, Director and CEO.
He serves as the President of COMMUNICATIONS & POWER INDUSTRIES
INC.,
Communications & Medical Products Division at of Communications
& Power Industries LLC. Mr. Caldarelli has been the Chief Executive Officer
of CPI International Holding Corp. since March 2002. He has been the Chief
Executive Officer of Communications & Power Industries LLC and CPI Holdco
since March 2002. He served as the Chief Executive Officer, President,
Communications and Medical Products Division of CPI International, Inc. since
March 2002.
He served as a Co-Chief Operating Officer of CPII since October 2000 and
Vice President of CPII since August 1995. Mr. Caldarelli was Vice President and
General Manager for the Communications & Medical Products Division under
the Electron Device Business of Varian Associates, Inc. from 1985 to August
1995 and President of Varian Canada, Inc. from 1992 to August 1995.
From 1982 to 1985, he served as Marketing Manager of the Communications
& Medical Products Division of Varian Associates, Inc. and served as its
Equipment Operations Manager from 1979 to 1982. Prior to joining Varian Associates,
Mr. Caldarelli served as Manufacturing Engineering Manager for Medtronic
Canada, Inc.
He serves as a Director of Communications & Power Industries, Inc.
He has been a Director of CPI International, Inc. since March 2002.
He has been a Director at CPI International Holding Corp. since March
2002.
He served as Director of Varian Canada, Inc. from 1992 to August 1995.
Mr. Caldarelli holds a B.S. degree in mechanical engineering from the
University of Toronto.
Joel A. LITTMAN is Vice President and Director.
He has been the Chief Financial Officer of CPI International Holding
Corp. and Communications & Power Industries, Inc. since September 2001 and
also serves as its Chief Accounting Officer, Treasurer and Secretary. Mr.
Littman has been the Chief Financial Officer of CPI, a subsidiary of CPI
International Inc., since September 2001. He served as Corporate Controller for
CPI and CPI International, Inc. from November 1996 to September 2001. From
September 1989 to November 1996, he served as Controller of the Microwave Power
Products Division of Varian Associates, Inc. and Communications & Power
Industries, Inc. He served various finance positions with Varian Associates and
TRW Inc. He has a B.A. Degree in Economics and an MBA, both from the University
of
California at Los Angeles.
Renu BHARGAVA is Director, Secretary and Controller.
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 USD CAD 40,000,000=
The business is profitable.
Banks: CIBC
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several