MIRA INFORM REPORT

Report No. :	493589
Report Date :	03.03.2018

IDENTIFICATION DETAILS

Name :	TECHNOPHAR EQUIPMENT AND SERVICE (2007) LTD.
Formerly Known As :	6752284 CANADA INC
Registered Office :	100 King Street West, Suite 6600, 1 First Canadian Place, Toronto Ontario M5X 1B8
Country :	Canada
Financials (as on) :	2016
Date of Incorporation :	1984
Legal Form :	Limited Company
Line of Business :	Subject engages in the design, development, and manufacture of hard gelatin capsule machines and soft gelatin encapsulation machines for pharmaceuticals, nutritional, and cosmetics industries.
No. of Employees :	100

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION
Legal Name:	TECHNOPHAR EQUIPMENT AND SERVICE (2007) LTD.
Trade Name:	TES
Company Number:	CA6752284
Date Created:	1984
Date Incorporated:	11/4/2007
Legal Address:	100 King Street West, Suite 6600 1 First Canadian Place Toronto Ontario M5X 1B8, CANADA
Operative Address:	3293 St Etienne Blvd WINDSOR, Ontario N8W 5B1, Canada
Telephone:	519-727-4114
Fax:	519-727-4333
Legal Form:	Limited Company
Email:	sales@technophar.com
Registered in:	ONTARIO
Website:	www.technophar.com
Contact:	David Kirby , Director
Staff:	100
Activity:	Primary Industry (NAICS): 333299 - All Other Industrial Machinery Manufacturing Primary Business Activity: Manufacturer / Processor / Producer
Banks
Royal Bank of Canada	The company does not make its banking details public.
History
The company was founded in 1984 and is headquartered in Tecumseh, Canada. As of May 23, 2007, Technophar Equipment and Service Limited operates as a subsidiary of Qualicaps, Inc.
Previous Names 6752284 CANADA INC. 2007-05-18
PRINCIPAL ACTIVITY
Technophar Equipment And Service Limited engages in the design, development, and manufacture of hard gelatin capsule machines and soft gelatin encapsulation machines for pharmaceuticals, nutritional, and cosmetics industries.
Products/Services description:	It offers deck machines, lab machines, confectionery equipment, packaging equipment, precision components, pinbars, viscosity and temperature controls, sorting/inspection machines, tumble dryers, die rolls, capsule counting/weighing scales, medicine compounding equipment, capsule polishing pans, capsule drying and storage trays, change and spare parts, capsule presorters, sorting belts, melters, gelatin tanks, and auxiliary equipment. The company’s services include preliminary factory design, engineering specifications, final building inspection, supervision and technical assistance, and technical training. Product Name: HARD GELATIN CAPSULE EQUIPMENT Hard gelatin capsule machines and support equipment for pharmaceutical and health nutrition industry. Product Name: SOFT GELATIN CAPSULE EQUIPMENT Soft gelatin capsule production lines and support equipment for pharmaceutical and health nutrition industry. Product Name: FOOD PRODUCTS MACHINERY/EQUIPMENT Product Name: Pharmaceutical Products, Equipment, & Machinery Product Name: Gears High quality gearing for any application. Service Name: Turn key operations Full service factory design, training, implementation.
Brands:	TES
Sales are:	Wholesale
Clients:	Procaps S.A. Colombia C.I. Farmacapsulas, S.A. Colombia
Suppliers:	QUALICAPS CO., LTD. Japan
Operations area:	It serves North America, South America, Europe, Africa, Middle East, and Asia markets.
The company imports from	Australia Chile Greece Hungary Iran, Islamic Republic of Iraq Israel Italy Kenya Luxembourg Malaysia Montenegro Morocco Netherlands Portugal Serbia Singapore South Africa Thailand Turkey
The company exports to	Algeria Argentina Belarus Belgium Brazil Bulgaria China Colombia Egypt France Germany India Indonesia Japan Jordan Korea, Republic of Pakistan Poland Romania Switzerland Taiwan Tunisia United Arab Emirates United Kingdom United States Venezuela, Bolivarian Republic of Viet Nam
The subject employs	100 employees
Payments:	No complaints
LOCATION
Headquarters :	3293 St Etienne Blvd WINDSOR, Ontario N8W 5B1, Canada
Comments on Address:	54,000 sq.ft. Facility
Branches:	There are no branches related
Related Companies:	Technophar SRL Romania Odorheiu-Secuiesc Romania
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	Technophar Equipment and Service Limited operates as a subsidiary of: Qualicaps, Inc. 6505 Franz Warner Pkwy, Whitsett, NC 27377 USA
Management:	Victor Calin Title: Chief Operating Officer Area of Responsibility: Management Executive Telephone: (519) 946-0800 Facsimile: (519) 946-0801 Email: victor.c@technophar.com Paul Lukas Title: Vice President Area of Responsibility: Export Sales & Marketing Telephone: (519) 946-0800 Facsimile: (519) 946-0801 Email: paul.l@technophar.com Dario Sfalcin Title: Administrator Telephone: (519) 946-0800 Facsimile: (519) 946-0801 Email: dario.s@technophar.com
FINANCIAL INFORMATION
There are no legal issues connected to the subject. The following information has been provided by outside sources:
CAD 2016
Total Sales:	40 000 000
Cash Flow	Normal
LEGAL FILINGS
There are no legal records for the subject
FILL SUPPLY MECHANISM FOR SOFT CAPSULE MACHINE Publication number: 20100018170 Abstract: A fill supply mechanism can include a pumping member that moves reciprocally within a pump cavity thereby causing fill material to be drawn into and expelled from the pump cavity. A valve member can be reciprocally movable and can allow fill material to be drawn into the pump cavity when in a first valve member position and allow fill material to be discharged from the pump cavity when in a second valve member position. A drive mechanism drives reciprocal motion of the pumping member and the valve member. The reciprocal motion of the pumping member and the valve member are along co-planar axes and can be along parallel co-planar axes. Type: Application Filed: July 23, 2008 Publication date: January 28, 2010 Applicant: TECHNOPHAR EQUIPMENT AND SERVICE (2007) LTD. Inventor: Adrian Oana
SUMMARY
Technophar Equipment And Service Limited engages in the design, development, and manufacture of hard gelatin capsule machines and soft gelatin encapsulation machines for pharmaceuticals, nutritional, and cosmetics industries. The company was founded in 1984 and is headquartered in Tecumseh, Canada. As of May 23, 2007, Technophar Equipment and Service Limited operates as a subsidiary of Qualicaps, Inc. The company operates both within national and international markets without negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No complaints
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	Jenny
POSITION	Sales
COMMENTS	She confirmed name, address, experience, website, directors activity and parent group.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.23
UK Pound	1	INR 89.71
Euro	1	INR 79.50
CAD	1	INR 50.85

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.