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Report No. : |
342767 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SPINEMED SALES INTERNATIONAL LTD |
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Registered Office : |
1722 South Ogilvie Street, Prince George, British Columbia V2N 1W9 |
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Country : |
Canada |
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Date of Incorporation : |
15.12.2000 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company is importer and
wholesaler of physicians and surgeons equipment and supplies. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
|
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.
|
Source
: CIA |
Company name: SPINEMED SALES INTERNATIONAL LTD
Address: 1722 South Ogilvie
Street
Prince
George, British Columbia V2N 1W9 - Canada
Telephone: +1
250-614-2030
Fax: +1 250-563-3177
Website: www.spinemed.com
Corporate ID#: BC-0001011863
State: British Columbia
Judicial form: Corporation
– Profit
Date incorporated: 09-01-2014
Date founded: 15-12-2000
Stock: -
Value: -
Name of manager: TIM
EMSKY
History:
A former SPINEMED SALES INTERNATIONAL
LTD was incorporated in British Columbia on 12-15-2000, under ID#
BC-0000619362, merged into the new SPINEMED SALES INTERNATIONAL LTD on
09-01-2014.
Business:
The Company is importer and
wholesaler of physicians and surgeons equipment and supplies.
Based on their years of clinical experience, and feedback gained from
healthcare professionals in the field, the SpineMED® system was designed to
overcome the limitations and untoward side-effects found with previous
devices. Cumbersome nylon harnesses, outdated tower design, and antiquated
traction components have been eliminated and replaced with a patented restraint
system, exclusive pelvic tilt mechanism and advanced computer controls.
No name of foreign suppliers available.
Staff: 5
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a private Company.
Management:
Tim EMSKY is the President, Director and CEO.
He is also the President at:
- SPINEMED SALES GmbH (Germany)
- CERT HEALTH SCIENCE LLC (USA)
Subsidiaries
And partnership: n/a
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 1,500,000=
The business is said to be
profitable.
Banks: Royal 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: September 2015
High credit: CAD 6,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Office supply
Paying status: 8 days beyond terms
Date reported: September 2015
High credit: USD 10,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Payroll
Paying status: As agreed
Date reported: September 2015
High credit: CAD 480
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Telecommunications
Paying status: 6 days beyond terms
Domestic credit history:
National Credit Bureaus
gave a correct/medium credit risk.
According to our credit analysts, during the last 6 months, domestic
payments were made with an average of 5 days beyond terms.
Other comments:
The Company maintains its
business.
The bank confirmed some
late payments but remains confident.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is medium/low.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
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|
1 |
Rs.99.17 |
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Euro |
1 |
Rs.73.08 |
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.