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MIRA
INFORM REPORT
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Report No. : |
493485 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
CAPSCANADA CORPORATION |
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Registered Office : |
456 Silvercreek Industrial Drive ,Tecumseh ,Ontario N8n
4y3 |
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Financials (as on) |
2016 (Summarized) |
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Country : |
Canada |
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Date of Incorporation : |
1984 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufactures empty capsules |
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No. of Employees : |
26 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC OVERVIEW
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. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
CAPSCANADA CORPORATION |
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Trade Names: |
CapsCanada® Corporation |
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ID: |
3889785 |
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Date Created: |
1984 |
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Date Incorporated: |
2001-05-11 |
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Legal Address: |
456 SILVERCREEK INDUSTRIAL DRIVE TECUMSEH Ontario N8N 4Y3 |
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Operative Address: |
456 Silvercreek Industrial Dr. WINDSOR , Ontario N8N 4Y3 |
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Telephone: |
(519) 727-4618 |
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Fax: |
(519) 727-4619 |
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Legal Form: |
CORPORATION |
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Email: |
info@capscanada.com |
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Registered in: |
CANADA |
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Website: |
www.capscanada.com |
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Contact: |
Dale Martin – General Manager |
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Staff: |
26 |
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Activity: |
NAICS 1: All Other Miscellaneous Chemical Product and
Preparation Manufacturing SIC 1: Gelatin: Edible, Technical, Photographic, Or
Pharmaceutical |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1984. |
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PRINCIPAL ACTIVITY |
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Capscanada Corporation manufactures empty capsules. |
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Products/Services description: |
It offers gelatin and hypromellose, vegetable, and
platinum capsules, as well as LQ CAPS for liquid and semisolid formulations.
The company also provides technical support services. It serves
pharmaceutical and health nutrition industries, which include Rx, OTC, and
dietary supplement manufacturers. |
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Brands: |
CapsCanada® |
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Sales are: |
Wholesale |
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Clients: |
Tecnocaps S.A. De C.V. C.I. Farmacapsulas S.A. Productora De Gelatina S.A |
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Suppliers: |
Lotte Fine Chemical Co.,Ltd Gelita Do Brasil Ltda |
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Operations area: |
National and International |
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The company imports from |
KOREA BRAZIL |
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The company exports to |
UNITED STATES MEXICO COLOMBIA |
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The subject employs |
26 employees |
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Payments: |
Slow |
LOCATION |
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Headquarters : |
456 Silvercreek Industrial Dr. WINDSOR , Ontario N8N 4Y3 |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The company does not disclose information on shareholders.
We were not able to confirm major holders. |
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Management: |
Dale Martin – General Manager Alexis Filip – Manager Max Gilinski - Board Member Robert Picard - Board Member |
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FINANCIAL INFORMATION |
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The company does not make its
financial statements public. The following information has been provided by
private sources: |
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USD 2016 |
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Revenue |
4.250.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
1. United Food and Commercial Workers International Union,
Local 175 v. CapsCanada Corporation, 2016 CanLII 88869 (ON LRB) — 2016-12-12 Ontario Labour Relations Board — Ontario representation vote — proposed bargaining unit —
application for certification — employees — membership 2. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 17379 (ON LRB) — 2017-03-24 Ontario Labour Relations Board — Ontario adjournment request — dismissal of an employee — rearrange
— advisor — reschedule 3. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 37952 (ON LRB) — 2017-06-13 Ontario Labour Relations Board — Ontario settlement — implementing — withdraw — cancelled — seized 4. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 10519 (ON LRB) — 2017-02-22 Ontario Labour Relations Board — Ontario copies — bargaining unit description — posted —
certificate — rescinded 5. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 993 (ON LRB) — 2017-01-09 Ontario Labour Relations Board — Ontario vote — ballots — certification — remedies — cast 6. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 8335 (ON LRB) — 2017-02-16 Ontario Labour Relations Board — Ontario organizing drive — union — forty-two employees — letter —
ballots 7. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 485 (ON LRB) — 2017-01-04 Ontario Labour Relations Board — Ontario organizers — amend — chooses — application — inside 8. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 15016 (ON LRB) — 2017-03-15 Ontario Labour Relations Board — Ontario reschedule — scheduled — adjournment request — instructing
— date 9. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 5122 (ON LRB) — 2017-01-30 Ontario Labour Relations Board — Ontario disallow — allegations — wrongdoing — application — leave 10. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 6064 (ON LRB) — 2017-02-06 Ontario Labour Relations Board — Ontario campaigning — union — vote — workplace — employees 11. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 5671 (ON LRB) — 2017-02-03 Ontario Labour Relations Board — Ontario copies — posted — deleted — purport — employees 12. United Food and Commercial Workers International Union,
Local 175 v CapsCanada Corporation, 2017 CanLII 4455 (ON LRB) — 2017-01-23 Ontario Labour Relations Board — Ontario vote — chanted — posted — campaigning — representation |
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TRADEMARKS |
CAPSCANADA HARD SHELL GELATIN CAPSULES SOLD EMPTY FOR PHARMACEUTICALS
IN A VARIETY OF COLORS FOR USE IN MEDICAL AND PHARMACEUTICALS… Owned by: CapsCanada Corporation Serial Number: 76481229 CAPSCANADA HARD SHELL GELATIN CAPSULES SOLD EMPTY FOR PHARMACEUTICALS
IN A VARIETY OF COLORS FOR USE IN MEDICAL AND PHARMACEUTICAL… Owned by: CapsCanada Corporation Serial Number: 76481230 YOUR CAPSULE PARTNER Manufacture of empty hard capsules and empty two-piece
capsules to order and/or specification of others Owned by: CapsCanada Corporation Serial Number: 77351932 QUALITY CAPSULES FOR QUALITY PRODUCTS Manufacture of empty hard capsules and empty two-piece
capsules to order and/or specification of others Owned by: CapsCanada Corporation Serial Number: 77412037 PLATINUM CAPS Capsules sold empty for pharmaceuticals Owned by: CapsCanada Corporation Serial Number: 77636475 LQ CAPS Capsules sold empty for pharmaceuticals; Gelatin capsules
sold empty for pharmaceuticals; Unit dose capsules sold empty… Owned by: CapsCanada Corporation Serial Number: 85099567 CAPSCANADA Hard shell gelatin capsules sold empty for pharmaceuticals
in a variety of colors for use in medical and pharmaceutical… Owned by: CapsCanada Corporation Serial Number: 85128055 |
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RENEWAL HISTORY |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY |
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Founded in 1984, Capscanada Corporation is a small
organization in the chemical preparation company’s industry located in
Windsor, Canada. It has approximately 26 full-time employees and generates
an estimated $4.2 million in annual revenue. The company operates nationally and internationally,
mainly importing from Korea and Brazil. It is ACTIVE in business with medium
credit risk. |
RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Slow |
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CASH
FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called number (519) 727-4618 several times and received
no answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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CAD |
1 |
INR 51.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.