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Report No. : |
321299 |
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Report Date : |
12.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ROCTEST LTD. |
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Registered Office : |
680 Birch Street, Saint-Lambert, Quebec J4P 2N3 |
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Country : |
Canada |
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Date of Incorporation : |
05.10.2010 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in design and manufacturing of
geotechnical and structural instrumentation. |
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No. of Employees : |
129 |
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 – 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.
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Source
: CIA |
Company name: ROCTEST LTD.
Address: 680 Birch Street, Saint-Lambert,
Quebec J4P 2N3, Canada
Telephone: +1
450-465-1113
Fax: +1 450-465-1938
Website: www.roctest.com
Corporate ID#: BC-0000892067
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: October
5, 2010
Stock: -
Value: -
Name of manager: FREDERIC
BORNE
History:
A former ROCTEST LTD. was
incorporated in Quebec on 03-14-1995 under
ID# 1143627389, was
voluntary dissolved on 12-20-2011.
Business:
ROCTEST Ltd., a Canadian company founded in 1967, specializes in the design and manufacturing of geotechnical and structural instrumentation. ROCTEST offers a complete line of instruments used for monitoring and field testing of soil and rock, and concrete or steel structures. These instruments measure parameters such as pressure, bearing capacity, permeability, displacement, deformation and inclination.
ROCTEST's instruments and systems play a major role in maintaining safe
conditions during construction or in the operation of major civil or mining
engineering projects. They are used to analyse and monitor structural behaviour
and detect unstable or rupture conditions.
ROCTEST has steadily carved out a solid international reputation through
extensive participation in high profile projects requiring superior expertise
and a high standard of quality.
Hydroelectric installations, dams, mines, tunnels and other large civil engineering works instrumented with ROCKTEST products are found in more than 75 countries around the world.
No name of foreign suppliers available.
Staff: 129
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
NOVA METRIX (CANADA) CORP
550 Burrard Street, Ste 2900
Vancouver, British Columbia V6C 0A3 -Canada
Management:
Frederic BORNE, President
Janet BARBOOKLES, Director and Secretary.
Michael LARKIN, CFO
As far as we know, they are involved in other corporations, including:
FISO TECHNOLOGIES INC.
500 St-Jean-Baptiste, suite 195
Quebec City, Quebec
Canada G2E 5R9
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 15,000,000=
The business is profitable.
Banks: Scotia Bank
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: April 2015
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Office supply
Paying status: On terms
Date reported: April 2015
High credit: CAD 200,000
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Payroll
Paying status: As agreed
Date reported: April 2015
High credit: CAD 250
Now owing: 0
Past due: 0
Last purchase: March 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit risk.
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
June 4, 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 |
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US Dollar |
1 |
Rs.63.85 |
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|
1 |
Rs.98.47 |
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Euro |
1 |
Rs.71.51 |
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 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.