|
Report No. : |
342823 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GENTHERM GLOBAL POWER TECHNOLOGIES INC. |
|
|
|
|
Registered Office : |
3700 78th Avenue SE, Ste 9, Calgary, Alberta T2C 2L8 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
1975 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Manufactures and distribute thermoelectric generators (TEGs), and
remote power systems. |
|
|
|
|
No. of Employees : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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: GENTHERM GLOBAL POWER TECHNOLOGIES INC.
Address: 3700 78th Avenue SE, Ste
9, Calgary, Alberta T2C 2L8 – Canada
Telephone: +1
403-236-5556
Fax: +1 403-236-5575
Website: www.globalte.com
Corporate ID#: AB-2018125290
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: April 1,
2014
Date founded: 1975
Stock: -
Value: -
Name of manager: JAMES
BOLAN
Business:
GENTHERM GLOBAL POWER TECHNOLOGIES manufactures and distribute
thermoelectric generators (TEGs), and remote power systems.
It offers TEGs; cycle chargers that are used various applications,
including telecom service providers for remote repeaters, liquids pipeline
controls and communications, and remote northern applications of various types,
as well as security and surveillance sensors, cameras, and communications; and
a line of rectifiers that include advantage air cooled, benchmark air series,
utility air series that are used primarily for small utility and service
station applications, and CP sentinel units.
The company also provides self-contained remote site stations.
In addition, it offers DC and AC power distribution panels; power
conditioning-inverters/converters, and DC and AC inversion products;
batteries/control enclosures and battery system integration products; heat
recovery systems; gas pressure reduction systems, natural gas conditioning
systems, and propane systems and vapourizers; cathodic protection panels; and
remote control TEG systems. The company provides fuel conditioning and fuel
management products; power generation products; power conversion, distribution,
and storage products; and customer loads.
It offers its products for various applications that include oil or gas
pipelines, well sites, offshore platforms, telecommunications sites, cathodic
protection, well automation, monitoring equipment, navigational aids, and
communications systems. The company’s products are available through authorized
sales representatives in Canada and internationally.
Gentherm Global Power Technologies was formerly known as Global
Thermoelectric Inc. and merged into Gentherm Global Power Technologies in April
2014.
As of April 1, 2014, the Company operates as a subsidiary of Gentherm
Incorporated.
No name of foreign suppliers available.
Staff: 150
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office.
The Company maintains a
branch located:
8505 Technology Forest Place, Bldg 903
Woodlands Cluster
The Woodlands, TX 77381
Shareholders:
The ultimate parent company is:
GENTHERM INCORPORATED
21680 Haggerty Rd.
Northville, MI 48167 – USA
(Public Company listed with the Nasdaq under symbol THRM)
Management:
James BOLEN is the President.
Graduate from Ivey Business School at Western University in 1991 with a
MBA in Business.
Graduate from University of Saskatchewan in 1987 with a B.E. in
Electrical Enginering.
Mark BURCHBY is Vice President of Operations.
Graduate from University Of Alberta in 1985 with a Bachelor’s Degree in
Mechanical Engineering.
Ken BARDEN is the CFO.
Subsidiaries
And partnership: None
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.
However, sales estimate for
year 2014 is in the range of CAD 14,000,000=
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: September 2015
High credit: CAD 32,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Office supply
Paying status: On terms
Date reported: September 2015
High credit: CAD 190,000
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 800
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment
Trends - Recent Activity |
|
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 is developing
its business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
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.