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MIRA INFORM REPORT
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Report No. : |
485615 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WELLINGTON LABORATORIES INC. |
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Registered Office : |
345 Southgate Dr. GUELPH , Ontario N1G 3M5 |
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Country : |
Canada |
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Date of Incorporation : |
1980 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject produces and distributes ultra-pure chemicals
that are used by testing laboratories to analyze for dioxins, furans, PCBs
and related compounds in the Environment |
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No. of Employees : |
19 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 120 000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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: |
Wellington Laboratories Inc. |
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Trade
Names: |
Wellington Laboratories Inc. |
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ID: |
NA |
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Date Created: |
1980 |
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Date Incorporated: |
1980 |
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Legal Address: |
345 Southgate Dr. GUELPH , Ontario N1G 3M5, Canada |
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Operative Address: |
345 Southgate Dr. GUELPH , Ontario N1G 3M5, Canada |
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Telephone: |
(800) 578-6985 (519) 822-2436 |
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Fax: |
(519) 822-2849 |
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Legal Form: |
CORPORATION |
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Email: |
info@well-labs.com |
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Registered in: |
CANADA |
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Website: |
www.well-labs.com |
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Contact: |
BROCK G. CHITTIM – General Manager |
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Staff: |
19 |
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Activity: |
NAICS 1: Other Chemical and Allied
Products Merchant Wholesalers NAICS 2: Research and Development in the
Physical, Engineering, and Life Sciences (except Biotechnology) SIC 1: Organic Chemicals, Synthetic SIC 2: Chemical Laboratory, Except
Testing |
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Banks: |
The company does not disclose its banking
details. |
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History: |
The company was founded in 1980. |
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PRINCIPAL
ACTIVITY
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Wellington Laboratories Inc. (WL)
produces and distributes ultra-pure chemicals that are used by testing laboratories
to analyze for dioxins, furans, PCBs and related compounds in the
Environment. |
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Products/Services description: |
The company offers ultra-pure chemicals.
The company also performs laboratory analysis on a contract / research basis. |
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Brands: |
WELLINGTON |
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Sales are: |
Wholesale |
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Clients: |
Universidad De Antioquia Gs Tecnologia Aplicada Sa De Cv |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
No import found. |
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The company exports to |
Colombia Mexico Belgium Germany Japan Korea, Democratic People's Republic of Korea, Republic of Luxembourg Netherlands Taiwan United Kingdom |
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The subject employs |
19 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
345 Southgate Dr. GUELPH , Ontario N1G 3M5, Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
Wellington Laboratories Llc 7208 W 80th St Ste 206 Overland Park, Kansas 66204-3720 United States |
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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: |
This is a private company. We were not
able to confirm major holders. |
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Management: |
Brock G. Chittim - General Manager Darlene Seifried - Office Manager Heather Nell - Office Assistant Colleen H.M. Tashiro - Assistant General
Manager David Potter - Product Development
Scientist |
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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 |
3.200.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
GLYCYRRHETINIC ACID DERIVATIVES Publication number: 20130210926 Abstract: The present invention relates
to novel derivatives of glycyrrhetinic acid, compositions comprising said
derivatives and their use in the treatment of conditions or diseases that
benefits from an upregulation of PPAR? and/or a downregulation of the
expression or activity of one or more specificity (Sp) proteins, such as
cancer, diabetes and Huntington's disease. Type: Application Filed: February 5, 2013 Publication date: August 15, 2013 Applicants: The Texas A&M University
System, Wellington Laboratories Inc. Inventors: Stephen H. Safe, Sudhakar
Chintharlapalli, Alan McAlees, Robert McCrindle Glycyrrhetinic acid derivatives Patent number: 8389573 Abstract: The present invention relates
to novel derivatives of glycyrrhetinic acid, compositions comprising said
derivatives and their use in the treatment of conditions or diseases that
benefit from an upregulation of PPAR&ggr; and/or a downregulation of the
expression or activity of one or more specificity (Sp) proteins, such as
cancer, diabetes and Huntington's disease. Type: Grant Filed: June 27, 2007 Date of Patent: March 5, 2013 Assignees: Wellington Laboratories Inc.,
The Texas A&M University System Inventors: Stephen H. Safe, Sudhakar Chintharlapalli,
Alan McAlees, Robert McCrindle |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
PRO MOIST Body Soap, Hair Spray, Protein Pak for Hair,
Bath Oil, Skin Toner, Body Lotion, Shampoo, Mineral Bath Crystals and Hair… Owned by: Wellington Laboratories, Inc. Serial Number: 73224676 PRO-MOIST Facial Treatment Lotions, Toners,
Cleansers, Skin Moisturizers and Oils Owned by: Wellington Laboratories, Inc. Serial Number: 73224683 FOREVER YOUNG Facial Treatment Lotions, Toners,
Cleansers, Skin Moisturizers and Oils Owned by: Wellington Laboratories, Inc. Serial Number: 73224684 FOREVER SLIM Protein Food Supplement, Vitamin, Mineral
and Amino Acid Tablets Owned by: Wellington Laboratories, Inc. Serial Number: 73224834 Image Trademark Facial Treatment Lotions, Toners,
Cleansers, Skin Moisturizers and Oils Owned by: Wellington Laboratories, Inc. Serial Number: 73224861 T'RIFIC hair shampoos, hair and skin
conditioners, skin moisturizers, hair and skin cleansers, skin toners, body
washes, mascara… Owned by: Wellington Laboratories, Inc. Serial Number: 74113015 |
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RENEWAL HISTORY |
No records found. |
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UCC |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC
list. |
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Maximum Credit Provided |
USD 120 000 |
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SUMMARY
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Founded in 1980, Wellington Laboratories
Inc is a small organization in the other chemical manufacturers industry
located in Guelph, Canada. It has approximately 19 full-time
employees and generates an estimated $3.2 million in annual revenue. The company operates nationally and
internationally, mainly exporting to Colombia, Mexico, Belgium, Germany,
Japan, Korea, Republic of Luxembourg, the Netherlands, Taiwan and
United Kingdom. It is ACTIVE in business with no
negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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SUGGESTED CREDIT LINE |
USD 120 000 |
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STATUS |
Active |
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INTERVIEW
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NAME |
Colleen |
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POSITION |
Assistant |
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COMMENTS |
She confirmed the name of the company, the
address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the General Manager. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.53 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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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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PRI |
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Report Prepared
by : |
TRU |
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
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Company
background and operations size
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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.