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MIRA
INFORM REPORT
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Report No. : |
509582 |
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Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ACADIAN SEAPLANTS LIMITED |
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Registered Office : |
1801 Hollis Street, Suite 2100, Halifax,
CA-NS B3J 3N4, |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
1981 |
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Legal Form : |
Limited company |
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Line of Business : |
Subject manufactures natural plant and crop input
products, animal feed supplements, cultivated sea-vegetables, and functional
ingredients from marine plants. |
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No. of Employees : |
300 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 (30.09.2017) |
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: |
ACADIAN SEAPLANTS LIMITED |
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Trade
Names: |
ACADIAN SEAPLANTS LIMITED |
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ID: |
NA |
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Date Created: |
1981 |
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Date Incorporated: |
2014-08-28 |
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Legal Address: |
1801 Hollis Street, Suite 2100, Halifax,
CA-NS B3J 3N4, Canada |
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Operative Address: |
30 Brown Avenue Dartmouth, NS B3B 1X8 Canada |
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Telephone: |
902-468-2840 |
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Fax: |
902-468-3474 |
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Legal Form: |
LIMITED COMPANY |
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Email: |
INFO@ACADIAN.CA |
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Registered in: |
CANADA |
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Website: |
www.acadianseaplants.com |
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Contact: |
Mr. Jean-Paul Deveau - President |
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Staff: |
300 |
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Activity: |
SIC Code 5191, Farm Supplies |
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Banks: |
The company does not disclose its
banking details. |
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History: |
Acadian Seaplants Limited was founded in
1981 by Louis Deveau. |
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PRINCIPAL ACTIVITY |
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Acadian Seaplants Limited manufactures
natural plant and crop input products, animal feed supplements, cultivated
sea-vegetables, and functional ingredients from marine plants. |
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Products/Services description: |
Its
plant and crop input products enhance agricultural and horticultural crop
productivity, plant vigor, plant nutrition, and crop fertility. The company
also provides seaplants' kelp for animal and aquaculture feed, and
nutritional supplements. In addition, it offers food and functional
ingredients derived from cultivated and wild, sustainably-harvested seaweeds,
such as edible sea vegetables, botanical/supplement ingredients, and brewery
agents/aids. The company serves food, biochemical, agricultural, and
agri-chemical markets worldwide. |
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Brands: |
Acadian Seaplants |
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Sales are: |
Wholesale |
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Clients: |
Valagro Spa Acadian Seaplants Mexicana S.A. De Cv Asp Latam SA De Cv Valeagro Comercio Importacao E Exp. Quimica Suiza Industrial Del Peru Sa Quimica Suiza Industrial Del Ecuador Qsi Sa Biostadt India Limited Pi Industries Ltd Bion Tech Inc. |
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Suppliers: |
Uist Asco Ltd |
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Operations area: |
National and International |
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The company imports
from |
UNITED KINGDOM |
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The company exports to |
ITALY MEXICO BRAZIL PERU ECUADOR INDIA TAIWAN |
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The subject employs |
300 EMPLOYEES |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
30 Brown Avenue Dartmouth, NS B3B 1X8 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
The company has six processing plants
spread across Atlantic Canada, Ireland and Scotland. However, no addresses
are mentioned in the company`s website. |
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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. The following information has been provided by
private sources: |
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Management: |
Mr. Jean-Paul Deveau – President Linda Theriault - Director of Public
& Government Relations |
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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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Sales |
30.000.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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CASES |
No records found. |
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TRADEMARKS |
STIMPLEX plant growth stimulants and fertilizers
for agricultural, commercial and domestic use Owned by: Acadian Seaplants Limited Serial Number: 74449179 SPECTRA-MIN Seaweed based feed supplements for
livestock Owned by: Acadian Seaplants Limited Serial Number: 75569835 TASCO MARINE PLANT BASED PLANT GROWTH
STIMULANT FOR FOLIAGES YIELDING INCREASED NUTRITION AND HEALTH FOR RAISING
ANIMALS Owned by: Acadian Seaplants Limited Serial Number: 75814188 NUTRAMER Marine plant based preparations for
further manufacture of vitamins and beauty products Owned by: Acadian Seaplants Limited Serial Number: 76330611 ACADIAN NUTRITIONAL PRODUCTS FOR QUALITY
CROPS Marine plant based plant growth
stimulators, regulators and fertilizers for agricultural and domestic use Owned by: Acadian Seaplants Limited Serial Number: 76509707 ACADIAN SEAPLANTS Seaweed based plant growth stimulators,
regulators and fertilizers for agricultural, commercial and domestic use;
seaweed… Owned by: Acadian Seaplants Limited Serial Number: 76547231 |
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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 1981, Acadian Seaplants
Limited is an organization in the Farm Supplies Industry headquartered in
Nova Scotia, Canada. The company has 300 regular employees
and generates an estimated $30.3 million USD in annual revenue. It operates nationally and
internationally, mainly importing form 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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STATUS |
Active |
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INTERVIEW |
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NAME |
Robert |
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POSITION |
Sales |
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COMMENTS |
He 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 President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.72 |
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1 |
INR 91.65 |
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Euro |
1 |
INR 79.89 |
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CAD |
1 |
INR 53.04 |
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 : |
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
·
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.