MIRA INFORM REPORT
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Report No. : |
346985 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SEMEX CANADA INC. |
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Registered Office : |
130 Stone Road West, Guelph, Ontario N1G 3N2 |
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Country : |
Canada |
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Date of Incorporation : |
12.12.1996 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Research and Development in the Physical, Engineering and Life
Sciences |
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No. of Employees : |
50 (Approx. 1,800
Worldwide) |
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
|
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 |
Note
Your order on: SEMEX ALLIANCE
This is a business name used by:
Company
name & address
Company name: SEMEX CANADA INC.
Address: 130 Stone Road West, Guelph, Ontario
N1G 3N2 - Canada
Telephone: +1
519-821-5060
Fax: +1 519-821-7225
Website: www.semex.com
Corporate ID#: ON-001213770
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-12-1996
Stock: -
Value: -
Name of manager: PAUL
LARMER
ACTIVITIES & OPERATIONS
Business:
Research and Development in the Physical, Engineering and Life Sciences
The Company delivers high quality bovine genetic solutions for its
partners
The business is present in 80 countries.
Suppliers include:
SHANGHAI DIANYUN IMP AND EXP CO LTD
NO 626 LUO CHUAN DONG ROAD SHANGHAI CHINA
SEMEX SHANGHAI CO LTD
114 ROOM 516 YUNCHUAN ROAD BAO SHAN DISTRICT SHANGHAI 201906 CHINA
Staff: 50 (approx. 1,800 worldwide)
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
SHAREHOLDERS
& MANAGERS
Shareholders:
WESTGEN, WERSTERN CANADA GENETICS CENTER
6681 Glover Road
Langley, British Columbia V2Y 1M1 - Canada
EASTGEN INCORPORATED
5653 Hwy 6 N., R.R. #5
Guelph, Ontario N1H 6J2 – Canada
CENTRE D’INSEMINATION ARTIFICIELLE DU QUEBEC
3450 Sicotte, Saint-Hyacinthe, Quebec J2S 2M2, Canada
Management:
Paul LARMER is the CEO
Graduate from Harvard Business School in 2012
Present here since June 2007.
Vince BOSQUET, CFO
Robert McRAE, Vice President of Global Operations
The Board of Directors include Norm McNAUGHTON (President), Gary BOWERS,
Robert WRIGHT, Leonard CHABOT, Warren McINTOSH, Gerrit WENSIK, Henry GISLER,
Germain LEHOUX, Martin GREGOIRE, Arthur PRUIM.
Francois AMYOT is Secretary.
Subsidiaries
And partnership: None
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 10,000,000=
The business is profitable.
Banks: Royal Bank of Canada
…
LEGAL
FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
COMPANY CREDIT HISTORY
Trade references:
Date reported: October 2015
High credit: CAD 25,000
Now owing: 0
Past due: 0
Last purchase: September 2015
Line of business: Office supply
Paying status: On terms
Date reported: October 2015
High credit: CAD 80,000+
Now owing: 0
Past due: 0
Last purchase: September 2015
Line of business: Payroll
Paying status: As agreed
Date reported: October 2015
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: September 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 terms.
Other comments:
The Company maintains its
business.
The bank confirmed an
account on 5 figures medium.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last annual report was
listed on 09-14-2015.
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.65.22 |
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1 |
Rs.99.93 |
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Euro |
1 |
Rs.71.67 |
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.