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MIRA INFORM REPORT
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Report No. : |
499946 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
BOMBARDIER INC |
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Formerly Known As : |
BOMBARDIER LIMITED |
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Registered Office : |
800 René-Lévesque Boulevard West Montréal, QC H3B
1Y8 |
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Country : |
Canada |
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Financials (as on) : |
31.12.2017 |
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Date of Incorporation : |
1942 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is engaged in manufactures and sells transportation equipment
worldwide. |
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No. of Employees : |
66,000 |
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 : |
Exist |
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: |
BOMBARDIER INC |
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TradeName: |
BOMBARDIER INC |
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ID: |
1143920115 |
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Date Created: |
1942 |
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Date Incorporated: |
1995-03-21 |
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Legal Address: |
800 René-Lévesque Boulevard West Montréal, QC H3B 1Y8 Canada |
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Operative Address: |
800 René-Lévesque Boulevard West Montréal, QC H3B 1Y8 Canada |
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Telephone: |
514-861-9481 |
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Fax: |
514-861-2420 |
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Legal Form: |
Joint
stock company or company |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
www.bombardier.com |
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Contact: |
Alain M. Bellemare - Chief Executive Officer,
President and Director |
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Staff: |
66,000 |
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Activity: |
Electronic Equipment Repair Services Industry Consumer Services Industry Railroad Equipment Manufacturing Industry Transportation Equipment Manufacturing Industry Aerospace Products & Parts Manufacturing
Industry |
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History: |
Bombardier Inc. was founded in 1942 and is
headquartered in Montréal, Canada. The company was formerly known as Bombardier
Limited. The company merged with CANADAIR INC and BOMBARDIER AÉRO INC. in
1988, with BOMBARDIER IMMOBILIER LTÉE, BOIS-FRANC IMMOBILIER LTEE and CLUB
CHALLENGER-AERO INC. in 1997, with DE HAVILLAND INC. and DE HAVILLAND
HOLDINGS INC. in 1998, with CENTRE DE FINITION BOMBARDIER INC. in 2001 and
with BOMBARDIER CAPITAL LTÉE in 2013. |
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Key Developments: |
Bombardier Commercial Aircraft Presents at 2nd
Annual Korea Airfinance Conference, Feb-27-2018 02:50 PM Feb 24 18 Bombardier Commercial Aircraft Presents at 2nd
Annual Korea Airfinance Conference, Feb-27-2018 02:50 PM. Venue: Conrad
Seoul, Seoul, South Korea. Speakers: Francois Cognard, Vice President Sales,
Asia Pacific. Bombardier Inc. Presents at 2018 Citi Industrials
Conference, Feb-21-2018 03:30 PM Feb 21 18 Bombardier Inc. Presents at 2018 Citi Industrials
Conference, Feb-21-2018 03:30 PM. Venue: Miami Beach Edition Hotel, Miami
Beach, Florida, United States. Speakers: John Di Bert, Senior VP & CFO. |
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PRINCIPAL
ACTIVITY
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Bombardier Inc., together with its subsidiaries,
manufactures and sells transportation equipment worldwide. |
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Products/Services description: |
The company operates in four segments: Business
Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and
Transportation. The Business Aircraft segment designs, manufactures, and
provides aftermarket support for Learjet, Challenger, and Global business
jets. The Commercial Aircraft segment designs and manufactures a portfolio of
commercial aircraft in the 60- to 150-seat categories, including Q400
turboprops; the CRJ700, 900, and 1000 regional jets; and CS100 and CS300
mainline jets, as well as provides aftermarket support services. The Aerostructures
and Engineering Services segment designs and manufactures aircraft structural
components, such as engine nacelles, fuselages, and wings; and provides
aftermarket component repair, overhaul, and other engineering services. The
Transportation segment offers a range of products and services in the rail
industry, including rolling stock; system and signaling systems; supply
chain, spare parts inventory management, obsolescence management, and
technical support services; fleet and operations management services; and
asset life management, component re-engineering, and overhaul services. |
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Brands: |
BOMBARDIER |
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Sales are: |
Wholesale |
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Clients: |
Bombardier Transportation Mexico Sa de Cv Bombardier Aerospace Mexicosa De Cv R A M Sa De Cv BT Ensambles Mexico Sa de Cv Kuo Aerospace S.A. De C.V. Heroux Devtek Mexico S.A. De C.V. Aerovias De Integracion Regional S.A. Aires S.A. Mitsubishi Heavy Ind. Smooth Marine Equipment Limited Nanjing Kangni Mechanical & Electrical Co., Ltd Spider Trading Co Ltd Xtreme Machine Pte Ltd Avnir Motor Co.Ltd. Aerospace Industrial Development Corporation |
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Suppliers: |
Short Brothers PLC Korea Aerospace Industries Ltd. Tracker Industria E Engenharia Ltda |
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Operations area: |
National and International |
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The company imports from |
UNITED KINGDOM SOUTH KOREA BRAZIL |
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The company exports to |
MEXICO COLOMBIA JAPAN CHINA SINGAPORE ISRAEL TAIWAN |
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The subject employs |
66.000 Employees |
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Payments: |
Slow |
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LOCATION
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Headquarters : |
800 René-Lévesque Boulevard West Montréal, QC H3B 1Y8 Canada |
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Branches: |
The address provided in the order corresponds to
Bombardier Aerospace, which is a unit of Bombardier Inc. Hence, it is a
branch location. Some of the company´s branches are: BOMBARDIER AÉRONAUTIQUE 400 ch. de la Côte-Vertu Dorval (Québec) H4S1Y9 Canada BOMBARDIER AÉRONAUTIQUE 2351, BOULEVARD ALFRED NOBEL MONTRÉAL (QUÉBEC) H4S2A9 BOMBARDIER AÉRONAUTIQUE 410, ISABEY VILLE SAINT-LAURENT (QUÉBEC) H4T1V3 BOMBARDIER AÉRONAUTIQUE 10200, IRÉNÉE-VACHON MIRABEL (QUÉBEC) J7N3E3 |
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Related Companies: |
The company has locations throughout the world. Some
of them are: UNITED STATES Bombardier Capital Inc. One Learjet Way, Mailstop 1 Wichita, Kansas 05446 United States BRAZIL Hortolândia Bombardier Rail Vehicles Production Site Sítio São João, s/n - Jd. São Camilo 13184-902 - Hortolândia - SP Brazil AUSTRIA Vienna Bombardier Rail Vehicles Production Site Hermann Gebauer Straße 5 1220 Vienna Austria Beijing Bombardier Engineering Site Yintai Center, Tower C, Room 3904 No.2 Jianguomenwai Street Chaoyang District, Beijing. 100020, P.R. of China |
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Subsidiaries: |
C Series Aircraft Limited Partnership - Canada Bombardier Transportation GmbH - Germany Bombardier Transportation (Holdings) UK Ltd- U.K. Bombardier Transportation Financial Services S. à
r.l. - Luxembourg Bombardier Transport Canada Inc. - Canada Learjet Inc. - U.S. |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
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Market Capital: |
8.251B |
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Outstanding Shares: |
2,195,379 |
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Shareholders: |
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Management: |
Alain M. Bellemare - Chief Executive Officer,
President and Director John Di Bert - Chief Financial Officer and Senior
Vice President Laurent René Octave Troger - President of
Transportation David M. Coleal - President of Business Aircraft Frederick S. Cromer - President of Commercial
Aircraft Patrick Ghoche - Vice President, Investor Relations Simon Letendre - Senior Advisor, Public Affairs |
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FINANCIAL
INFORMATION
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We attach company’s last financial statements. Bombardier Inc. announced consolidated earnings
results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced revenues were
$4,715 million compared to $4,380 million for the same period a year ago.
EBIT before special items was $215 million compared to $104 million for the
same period a year ago. EBIT was $149 million compared to $74 million for
the same period a year ago. EBITDA before special items was $304 million
compared to $203 million for the same period a year ago. Net loss was $109
million compared to $259 million for the same period a year ago. Diluted LPS
was $0.05 compared to $0.12 for the same period a year ago. Adjusted net
income was $51 million compared to adjusted net loss of $141 million for the
same period a year ago. Net additions to PP&E and intangible assets were
$365 million compared to $327 million for the same period a year ago. Free
cash flow was $872 million compared to $496 million for the same period a
year ago. Net loss attributable to common equity holders of the company was
$265 million compared to $681 million for the same period a year ago. EBITDA was $244
million compared to $183 million for the same period a year ago. Adjusted net
income attributable to equity holders of the company was $42 million compared
with adjusted net loss of $147 million a year ago. Adjusted EPS was $0.02
compared to Adjusted LPS of $0.07 a year ago. Cash flows from operating
activities was $1,237 million compared to $823 million for the same period a
year ago. For the year, the
company announced revenues of $16,218 million compared to $16,339 million for
the same period a year ago. EBIT before special items was $672 million
compared to $427 million for the same period a year ago. EBIT was $246 million
compared to LBIT $58 million for the same period a year ago. EBITDA before
special items was $993 million compared to $798 million for the same period a
year ago. Net loss was $553 million compared to $981 million
for the same period a year ago. Diluted LPS was
$0.25 compared to $0.48 for the same period a year ago. Adjusted net income
was $63 million adjusted net loss of $268 million or $0.14 per share for the
same period a year ago. Net additions to PP&E and intangible assets were
$1,317 million compared to $1,201 million for the same period a year ago.
Free cash flow usage was $786 million compared to $1,064 million for the same
period a year ago. Net loss attributable to common equity holders of the
company was $1,054 million compared to $5,370 million for the same period a
year ago. EBITDA was $611
million compared to $323 million for the same period a year ago. Adjusted net
income attributable to equity holders of the company was $73 million compared
with adjusted net loss of $341 million a year ago. Adjusted EPS was $0.03
compared to Adjusted LPS of $0.15 a year ago. Cash flows from operating
activities were $531 million compared to $137 million for the same period a
year ago. The company announced impairment charges on PP&E and intangible
assets of $6 million compared to $10 million a year ago. Special items
excluding impairment charges on PP&E and intangible assets $60 million
compared to $20 million a year ago. |
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LEGAL
FILINGS
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PATENTS |
AIRCRAFT SEAT Publication number: 20150008707 Abstract: A seat
includes a seat pan, having a seat pan front edge and a seat pan rear edge.
The seat pan front edge defines a first pivot point and the seat pan rear
edge defines a second pivot point. A lumbar cushion, having a lumbar cushion
top edge and a lumbar cushion bottom edge, is articulately disposed adjacent
to the seat pan rear edge. A backrest, having a backrest top edge and a
backrest bottom edge, is articulately disposed adjacent to the lumbar cushion
top edge. A headrest, having a headrest top edge and a headrest bottom edge,
is articulately disposed adjacent to the backrest top edge. The seat pan, the
lumbar cushion, the backrest, and the headrest are positionable with respect
to one another such that seat is configurable into at least one of a taxi,
takeoff and landing position, a limited recline position, a napping position,
and a sleeping position. The first pivot point remains in a substantially
fixed position for each of the positions. Type: Application Filed: October 5, 2012 Publication date: January 8, 2015 Applicant: BOMBARDIER INC. Inventor: BOMBARDIER INC. MULTI-AXIS SERIALLY REDUNDANT, SINGLE CHANNEL,
MULTI-PATH FLY-BY-WIRE FLIGHT CONTROL SYSTEM Publication number: 20130197722 Abstract: A multi-axis serially redundant, single
channel, multi-path fly-by-wire control system comprising: serially redundant
flight control computers in a single channel where only one “primary” flight
control computer is active and controlling at any given time; a matrix of parallel
flight control surface controllers including stabilizer motor control units
(SMCU) and actuator electronics control modules (AECM) define multiple
control paths within the single channel, each implemented with dissimilar
hardware and which each control the movement of a distributed set of flight
control surfaces on the aircraft in response to flight control surface
commands of the primary flight control computer; and a set of (pilot and
co-pilot) controls and aircraft surface/reference/navigation sensors and
systems which provide input to a primary flight control computer and are used
to generate the flight control surface commands to control the aircraft in
flight in accordance with the control law algorithms implemented in the
flight Type: Application Filed: January 16, 2013 Publication date: August 1, 2013 Applicant: Bombardier Inc. Inventor: Bombardier Inc. THREE-WHEEL VEHICLE Publication number: 20130186701 Abstract: An three-wheel vehicle including a modular
front structure having a storage compartment therein. The modular front
structure is adapted to be mounted onto the chassis of the three-wheel
vehicle and to support bodywork elements thereby providing ease of assembly
of the vehicle and ease of disassembly for packaging the vehicle. Type: Application Filed: December 18, 2012 Publication date: July 25, 2013 Applicant: BOMBARDIER RECREATIONAL PRODUCTS INC. Inventor: BOMBARDIER RECREATIONAL PRODUCTS INC. SNOWMOBILE HAVING FRONT TRACKS WITH BRAKES Publication number: 20130015006 Abstract: A central endless drive track is disposed
below the seat of a snowmobile. At least two left wheels are operatively
connected to a left track frame disposed forwardly of the seat. A left track
engages the left wheels. A left brake is connected to the left track frame
and selectively engages one of a first left wheel and the left track to brake
the left track. At least two right wheels are operatively connected to a
right track frame disposed forwardly of the seat. A right track is disposed
around the right wheels. A right brake is connected to the right track frame
and selectively engages one of a first right wheel and the right track to
brake the right track. A brake lever causes the left and right brakes to
brake the left and right tracks respectively. Type: Application Filed: September 17, 2012 Publication date: January 17, 2013 Applicant: BOMBARDIER RECREATIONAL PRODUCTS INC. Inventor: BOMBARDIER RECREATIONAL PRODUCTS INC VEHICLE HAVING A VARIABLE ASSIST POWER STEERING
ASSEMBLY Publication number: 20130180793 Abstract: A recreational utility vehicle has a
frame, four wheels, a pair of seats mounted laterally beside each other, a
cage, a steering assembly, an engine, a front differential, a rear
differential, an actuator selectively operatively connecting the engine to
the front differential, and a vehicle drive mode switch for selecting between
a first and second drive mode. When the first drive mode is selected, the
actuator operatively connects the engine to the front differential, and when
the second drive mode is selected, the actuator operatively disconnects the
engine from the front differential. An electric motor is operatively
connected to the steering assembly. A steering control unit is electrically
connected to the electric motor, determines an output torque to be applied by
the electric motor based at least in part on a speed of the vehicle, and
controls the electric motor to apply the output torque to the steering
assembly. Type: Application Filed: March 5, 2013 Publication date: July 18, 2013 Applicant: BOMBARDIER RECREATIONAL PRODUCTS INC. Inventor: BOMBARDIER RECREATIONAL PRODUCTS INC. |
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GOVERNMENT CONTRACTS |
Government Contractor: BOMBARDIER INC Name & Address: 5055 TAYLOR-KIDD BLVD KINGSTON, ON K7M 6J1 Number of Defense Contracts Awarded : 68 Dollar Amount of Defense Contracts Awarded:
$1,332,822 |
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CASES |
Quebec (Commission des droits de la personne et des
droits de la jeunesse) v. Bombardier Inc. (Bombardier Aerospace
Training Center), [2015] 2 SCR 789, 2015 SCC 39 (CanLII) — 2015-07-23 Supreme Court of Canada — Canada (Federal) Union Carbide Canada Inc. v. Bombardier Inc., [2014]
1 SCR 800, 2014 SCC 35 (CanLII) —
2014-05-08 Supreme Court of Canada — Canada (Federal) Bombardier Inc. (div. Canadair) et Borduas, 1998
CanLII 19983 (QC CLP) —
1998-11-30 Chalifoux et Bombardier Aéronautique inc., 2006
CanLII 91843 (QC CLP) — 2006-10-27 Lévesque et Bombardier inc., 1991 CanLII 11321 (QC
CALP) — 1991-12-02 Commission d'appel en matière de lésions
professionnelles du Québec — Quebec Bombardier inc. (Aéronautique) et Mailloux, 2004
CanLII 93094 (QC CLP) —
2004-02-13 Rivest c. Bombardier inc. (centre de finition), 2007
QCCA 622 (CanLII) — 2007-05-07 Court of Appeal — Quebec |
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TRADEMARKS |
BOMBARDIER radio controlled model snowmobiles Owned by: BOMBARDIER INC. Serial Number: 74252068 EXPLORER motorized boats having a mixed rigid/semi-rigid hull Owned by: BOMBARDIER INC. Serial Number: 74296317 BOMBARDIER CANADIAN AVIATION TRAINING CENTRE ECOLE
CANADIENNE D'AVIATION aviation training services Owned by: BOMBARDIER INC. Serial Number: 74321918 CAN-AM motorcycles and structural parts for motorcycles Owned by: BOMBARDIER INC. Serial Number: 74705199 CAN-AM motorcycles and structural parts for motorcycles Owned by: BOMBARDIER INC. Serial Number: 74719475 MILLENNIUM EDITION SNOWMOBILES, WATERCRAFT AND ALL TERRAIN RECREATIONAL
VEHICLES Owned by: BOMBARDIER INC. Serial Number: 75723294 |
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Renewal History: |
Type of document Date of filing Current Update Statement 2017-12-15 Current update statement 2017-11-21 Current update statement 2017-08-07 Current update statement 2017-07-10 Current update statement 2017-06-05 2016 ANNUAL UPDATE DECLARATION 2017-05-17 Correction Update Statement 2017-01-10 Current update statement 2017-01-05 Statement of correction update 2016-10-06 2015 ANNUAL UPDATE STATEMENT 2016-05-11 2014 ANNUAL UPDATE STATEMENT 2015-02-24 Current update statement 2014-05-05 Current Update Statement 2013-11-05 2013 ANNUAL UPDATE STATEMENT 2013-07-03 Statement of current amalgamation update 2013-04-08 |
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SUMMARY
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Founded in 1942, Bombardier Inc is a large organization
in the aircraft manufacturing and assembly companies industry located in
Montréal, Canada. The company operates in four segments: Business
Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and
Transportation. It has approximately 66,000 regular employees and
generates an estimated $16.3 billion in annual revenue. The company mainly imports from United Kingdom and
South Korea. It operates nationally and internationally The company shows negative profitability in its last
financial figures. |
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RISK
INFORMATION
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DEBTS |
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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 |
Louise |
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POSITION |
Operator |
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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 Chief Executive Officer. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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CAD |
1 |
INR 50.48 |
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 : |
DNS |
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 |
|
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.