|
|
|
MIRA INFORM REPORT
|
Report No. : |
498792 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SDT NORTH AMERICA INC |
|
|
|
|
Registered Office : |
PO Box 682, Cobourg, Ontario K9A 4R5 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Financials (as on) : |
2016 (Summarized) |
|
|
|
|
Year of Establishment : |
1990 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Subject provides ultrasound detectors for predictive maintenance and
condition based monitoring. |
|
|
|
|
No. of Employees : |
7 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
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: |
SDT NORTH AMERICA INC |
|
Trade Name: |
SDT NORTH AMERICA |
|
ID: |
NA |
|
Date Created: |
1990 |
|
Date Incorporated: |
1990 |
|
Legal Address: |
PO Box 682, Cobourg, Ontario K9A 4R5, Canada |
|
Operative Address: |
1532 Ontario St Cobourg ON K9A 4R7, Canada |
|
Telephone: |
905-377-1313 |
|
Fax: |
905-377-1402 |
|
Legal Form: |
CORPORATION |
|
Email: |
info@sdtnorthamerica.com |
|
Registered in: |
CANADA |
|
Website: |
www.sdtultrasound.com |
|
Contact: |
Allan Rienstra - President & Board Member |
|
Staff: |
7 |
|
Activity: |
NAICS 1: Industrial Machinery and Equipment Merchant Wholesalers SIC 1: Controlling Instruments And Accessories |
|
|
|
Banks
The company does not disclose its banking details. |
|
|
|
|
History
The company was founded in 1990 and is based in Cobourg, Canada. |
|
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
SDT North America Inc. provides ultrasound detectors for predictive
maintenance and condition based monitoring. |
|
|
Products/Services description: |
The company offers SDT270, a portable ultrasound instrument; SDT270
ATEX for dangerous and potentially explosive atmospheres; and Ultranalysis
Suite, a software designed to manage the critical PdM data SDT270 gathers
from critical assets. It also offers SDT Sherlog, including testing
instrument and training program for marine industry; underground tank
testing; SDT TankTEST, which provide testing for underground tanks; SDT170,
an ultrasound condition monitoring instrument; and sensors and accessories.
The company’s products are used in pulp and paper, food, textile,
water/wastewater, cement, petroleum refining, glass/fiber glass, mining,
steel, automotive, and shipping industries; and foundries. It serves PdM and
reliability professionals. |
|
Brands: |
SDT |
|
Sales are: |
Wholesale |
|
Clients: |
Wesco Distribution De Mexico SA De Cv Tecnologia Avanzada Para Mantenimiento SA De Cv Ultrasound Distribuidora S.A.S Vibromontajes S.A.S |
|
Suppliers: |
NA |
|
Operations area: |
National and International |
|
The company exports to |
MEXICO COLOMBIA |
|
The subject employs |
7 employees |
|
Payments: |
No Complaints |
|
|
|
LOCATION
|
|
|
Headquarters : |
1532 Ontario St Cobourg ON K9A 4R7, Canada |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found |
|
Related Companies: |
SDT International Bd. de L'Humanité 415 B-1190, Brussels Belgium LUDECA Inc. 1425 NW 88th Avenue Doral FL 33172, United States Middle East PROACT Engineering PO Box 27107 Mussafah Ind. Area AE-AZ United Arab Emirates India: SDT India Kolkata WB , India |
|
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information on shareholders. We were not
able to confirm major holders. |
|
Management: |
Allan Rienstra - President & Board Member Linda Rienstra |
|
|
|
FINANCIAL
INFORMATION
|
|
|
The company does not make its financial statements
public. The following information has been provided by private sources: |
|
|
USD 2016 |
|
|
Sales |
1.500.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
PATENTS |
No records found. |
|
|
|
|
GOVERNMENT CONTRACTS |
Sdt North America Inc Government Contractor in Cobourg, Canada dollars obligated (Latest year): $8,285 latest fiscal year: 2016 total dollars obligated (Since FY2007):$41,867 number of contracts (Since FY2007): 5 |
|
|
|
|
CASES |
No records found. |
|
TRADEMARKS |
No records found. |
|
RENEWAL HISTORY |
No records found. |
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY
Founded in 1990, Sdt North America Inc is a small organization in the industrial
machinery and equipment company’s industry located in Cobourg, Canada. It has approximately 7 full-time employees and generates an estimated
$1.4 million in annual revenue. The company operates nationally and internationally, mainly exporting
to Mexico and Colombia. It is ACTIVE in business with medium credit risk. |
|
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
INTERVIEW
|
|
|
NAME |
Ken |
|
POSITION |
- |
|
COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location and the date of creation of the company. He was reluctant to
provide further information. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
|
CAD |
1 |
INR 50.37 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NIT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.