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Report No. : |
343907 |
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Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
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Name : |
LIBURDI TURBINE SERVICES INC. |
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Registered Office : |
400 Highway 6, Dundas, Ontario L9H 7K4 |
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Country : |
Canada |
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Date of Incorporation : |
09.11.2001 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is offers component repairs and engineering services |
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No. of Employees : |
250 |
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
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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 |
Company name:
LIBURDI TURBINE SERVICES INC.
Address:
400 Highway
6, Dundas, Ontario L9H 7K4 - Canada
Telephone: +1
905-689-0734
Fax:
+1 905-689-0739
Website:
www.liburdi.com
Corporate ID#:
ON-002006794
State:
Ontario
Judicial form:
Corporation – Profit
Date incorporated: November
9, 2001
Stock: -
Value: -
Name of manager: Joseph
LIBURDI
Business:
Liburdi Turbine Services, Inc. offers component
repairs and engineering services in support of the gas turbine industry.
The company provides a range of component
refurbishment and life extending processes for aero and industrial turbines,
including alloy rejuvenation, LPM powder metallurgy, and automated welding
processes, as well as coatings for erosion, oxidation, and corrosion
resistance.
Its services also include component repairs, overhaul,
and life analysis.
The company was founded in 1979 and is based in
Dundas, Canada with facilities in Dundas, Ontario; and Davidson, North
Carolina.
Liburdi Turbine Services, Inc. operates as a
subsidiary of Liburdi Engineering Limited.
On November 13, 2013, Turbine Services &
Solutions, LLC (TSS) has agreed to form a joint-venture (JV) with Liburdi
Turbine Services, Inc. in Abu Dhabi, UAE. The JV will provide repair and
refurbishment services for components of aero-derivative and light industrial
gas turbines, as well as other rotating equipment used in the oil and gas
industry.
Customers include Shell, Marathon, BP, ConocoPhillips,
ExxonMobil, Chevron, Pemex, Petrobras, Gasco, Dugas, Qafco…
Liburdi group of companies provides services to the
some of the major gas turbine operators and service shops in over 30 countries
including; Canada, USA, Mexico, Venezuela, Colombia, Peru, Brazil, Argentina,
UK, Germany, Austria, Finland, Sweden, Norway, Italy, Spain, Denmark, Russia,
Algeria, U.A.E., Qatar, Oman, Yemen, Saudi Arabia, Iraq, India, Korea, China,
Taiwan, Japan, Indonesia, Malaysia
Staff: 250
Operations & branches:
At the headquarters, we find a
large factory, warehouse and office, for the Liburdi group of companies.
Shareholders:
LIBURDI ENGINEERING LIMITED
400 Highway 6, Dundas, Ontario L9H 7K4 - Canada
Incorporated in Ontario on August 2, 1978
ID# ON-000388601
Liburdi Engineering Limited provides metallurgical
analysis, mechanical design, performance monitoring, repair development, and
corporate research and development services to the turbine industry for
commercial and military applications worldwide.
Management:
Joseph LIBURDI is the President.
As far as we know, he is the President of several
other corporations, including:
- LIBURDI AUTOMATION INC.
- LIBURDI ENGINEERING LIMITED
- LIBURDI ENGINEERING INTERNATIONAL CORPORATION
and others.
Lloyd COOKE is the Director of Operations.
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 36,000,000=
The business is profitable.
Banks: HSBC Bank
Royal Bank of Canada
Legal filings & complaints:
As of today date, there is no legal filing pending
with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: September 2015
High credit: CAD 50,000
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 400,000
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 1,800
Now owing: 0
Past due: 0
Last purchase: August 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 prompt and regular.
Other comments:
The group is developing a strong
business worldwide and is well known worldwide.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.26 |
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UK Pound |
1 |
Rs.99.53 |
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Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TRU |
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.