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Report No. : |
340131 |
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Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
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Name : |
KLEAN INDUSTRIES INC. |
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Registered Office : |
349 West Georgia Street, Suite 3038, Vancouver, British Columbia V6B
3X5 |
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Country : |
Canada |
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Date of Incorporation : |
03.06.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
·
Provides renewable energy, resource-recovery, and
recycling solutions for institutional and industrial customers in Canada and
internationally. ·
Manufactures and distributes waste-treatment and
commodity conversion systems and equipment. |
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No. of Employees : |
10 |
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.
|
Source
: CIA |
Company name: KLEAN INDUSTRIES INC.
Headquarters: 349 West Georgia Street, Suite 3038,
Vancouver, British Columbia V6B
3X5 - Canada
Telephone: +1
604-637-9609
Fax: +1 604-637-9609
Website: www.kleanindustries.com
Corporate ID#: BC-0000726422
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: June 3,
2005
Stock: -
Value: -
Name of manager: Jesse KLINKHAMER
Business:
Klean Industries Inc. provides renewable energy, resource-recovery, and
recycling solutions for institutional and industrial customers in Canada and
internationally.
It manufactures and distributes waste-treatment and commodity conversion
systems and equipment.
The company’s systems include carbonization, dryers, CHP turbines,
refining, flue gas, remanufacturing, shredding, liquefaction, medical waste,
performance data, waste to energy, RDF, controls, and material handling
systems.
It offers technologies and solutions for environmental waste recycling,
green commodity, and clean energy production. The company engages in EPC
project development; packaged equipment sales; energy and environmental
consulting; and resource procurement and commodity sales.
It provides packaged service solutions for cleantech systems, including
gasification and pyrolysis plant procurement; feedstock identification and
procurement; combine heat and power plants; detailed engineering; mineral
processing plants; pipe and valve station design and layout; biogas production
facilities; telemetry management software integration; solvent extraction plants; milling and crushing plants; material
and conveyor handling systems; capital
cost estimations; waste-water treatment plants; operator training; sourced financing; technology due diligence;
specialized consulting; construction
management; engineering study and feasibility analysis; and complete engineering, procurement, and
construction, as well as offers
consulting services; and financing and funding services.
The company was founded in 2005 and is based in Vancouver, Canada with
technology development facilities in Asia and business development offices
around the globe.
Staff: 10
Operations & branches:
At the headquarters, we
find the corporate headquarters.
Shareholders:
- Jesse KLINKHAMER
- Scott CARLEY
are shareholders.
Management:
Jesse KLINKHAMER is the co-founder, President, Director and CEO.
Prior to Klean Industries, he founded Solid State Investments and served
as Principal Investor and Primary Investment Strategist.
Mr. Klinkhamer provided sales and marketing services to resource
companies involved in hydrocarbon refining in North America. He is a Lead
Consultant to many blue chip companies such as BP, Innovene, Sims Metal
Recyclers, Heidleberg Cement Group and Ragn Sells.
He serves as the Chairman and Founding Partner of Environmental
Economics & Industrial Sustainability Society.
Scott CARLEY serves as Chief Operations Officer.
He co-founded Klean Industries Inc.
He served as President of CYOP Systems International Inc. from September
2005 to December 8, 2006. With more than 10 years of Internet technology and
software experience, Mr. Carley has held executive positions in the online
media and gaming industries, including President of SportsBookVIP.com,
GamblingVIP.com., and at World Gaming PLC. He was responsible for International
Business Development, which included direct sales to new software licensees.
Mr. Carley served as the Chief Operations Officer for Kouei
International Inc., where he oversaw the expansion of their products into the
international arena.
Subsidiaries
And partnership: None
(in British Columbia)
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 1,000,000=
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
National Credit Bureaus
gave a correct credit rating.
According to our credit analysts, during the last 6 months, payments
were made on due date.
The Company maintains a
regular business.
The bank confirmed a
correct credit history.
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.66.39 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.