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MIRA
INFORM REPORT
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Report No. : |
510652 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GIATEC SCIENTIFIC INC |
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Registered Office : |
245 Menten Place, Suite 300 Ottawa, Ontario, K2H 9E8 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
07.09.2010 |
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Legal Form : |
Federal Corporation with Share Capital |
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Line of Business : |
Subject is a developer and manufacturer of nondestructive
testing quality control and condition assessment devices for the construction
industry. |
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No. of Employees : |
25 |
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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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: |
GIATEC SCIENTIFIC INC |
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Trade
Names: |
GIATEC SCIENTIFIC INC |
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ID: |
001862626 |
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Date Created: |
2010 |
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Date Incorporated: |
2010-09-07 |
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Legal Address: |
245 Menten Place, Suite 300 Ottawa, Ontario, Canada K2H 9E8 |
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Operative Address: |
245 Menten Place, Suite 300 Ottawa, Ontario, Canada K2H 9E8 |
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Telephone: |
(613) 240-7451 |
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Fax: |
(613) 280-1544 |
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Legal Form: |
Federal Corporation with Share Capital |
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Email: |
sales@giatecscientific.com |
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Registered in: |
ONTARIO |
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Website: |
www.giatecscientific.com |
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Contact: |
Aali R. Alizadeh - Co-Founder &
Chief Executive Officer |
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Staff: |
25 |
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Activity: |
NAICS code 334519 - Other Measuring and
Controlling Device Manufacturing |
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Banks: |
The company does not disclose its
banking details. |
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History: |
Giatec Scientific Inc. was co-founded by
Pouria Ghods of Carleton University and Aali R. Alizadeh of the University of
Ottawa in September 2010. |
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PRINCIPAL ACTIVITY |
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Giatec Scientific Inc. is a developer
and manufacturer of nondestructive testing quality control and condition
assessment devices for the construction industry. |
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Products/Services description: |
The company offers nondestructive
testing quality control and condition assessment devices. |
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Brands: |
Giatec SmartRock2™ Giatec Smart Concrete™ Giatec BlueRock2™ Giatec SmartBox™ Giatec iCOR® Giatec XCell™ Giatec Perma2™ Giatec RCON2™ Giatec Surf™ |
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Sales are: |
Wholesale |
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Clients: |
Tap Tecnologias Avanzadas Para Pavimentos
S.A.S Cementos Apasco SA De Cv Hormicreto Cia Ltda |
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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 records found. |
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The company exports to |
COLOMBIA MEXICO ECUADOR |
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The subject employs |
25 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
245 Menten Place, Suite 300 Ottawa, Ontario, Canada K2H 9E8 |
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Comments on Address: |
The address given in the order is an old
address. |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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. The major holders of this company are: Pouria Ghods |
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Management: |
Aali R. Alizadeh - Co-Founder &
Chief Executive Officer Pouria Ghods- Co-Founder |
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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 |
4.200.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
Electrical methods and systems for
concrete testing Patent number: 9638652 Abstract:
Hundreds of thousands of concrete bridges and hundreds of billions of tons of
concrete require characterization with time for corrosion. Accordingly,
protocols for rapid testing and improved field characterization systems that
automatically triangulate electrical resistivity and half-cell corrosion
potential measurements would be beneficial allowing discrete/periodic mapping
of a structure to be performed as well as addressing testing for asphalt
covered concrete. Further, it is the low frequency impedance of rebar in
concrete that correlates to corrosion state but these are normally time
consuming vulnerable to noise. Hence, it would be beneficial to provide a
means of making low frequency electrical resistivity measurements rapidly.
Further, prior art techniques for electrical rebar measurements require
electrical connection be made to the rebar which increases measurement
complexity/disruption/repair/cost even when no corrosion is identified. Type: Grant Filed: January 30, 2014 Date of Patent: May 2, 2017 Assignee: GIATEC SCIENTIFIC INC. Inventors: Pouria Ghods, Rouhollah
Alizadeh, Mustafa Salehi ELECTRICAL METHODS AND SYSTEMS FOR
CONCRETE TESTING Publication number: 20140210494 Abstract: Hundreds of thousands of
concrete bridges and hundreds of billions of tons of concrete require
characterization with time for corrosion. Accordingly, protocols for rapid
testing and improved field characterization systems that automatically
triangulate electrical resistivity and half-cell corrosion potential
measurements would be beneficial allowing discrete/periodic mapping of a
structure to be performed as well as addressing testing for asphalt covered
concrete. Further, it is the low frequency impedance of rebar in concrete
that correlates to corrosion state but these are normally time consuming
vulnerable to noise. Hence, it would be beneficial to provide a means of
making low frequency electrical resistivity measurements rapidly. Further,
prior art techniques for electrical rebar measurements require electrical
connection be made to the rebar which increases measurement
complexity/disruption/repair/cost even when no corrosion is identified. Type: Application Filed: January 30, 2014 Publication date: July 31, 2014 Applicant: Giatec Scientific Inc. Inventors: Pouria Ghods, Rouhollah
Alizadeh, Mustafa Salehi Concrete core test fixture Patent number: D699597 Type: Grant Filed: September 21, 2012 Date of Patent: February 18, 2014 Assignee: Giatec Scientific Inc. Inventors: Pouria Ghods, Rouhollah
Alizadeh, Parham Chabi, Mustafa Salehi |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
SMART CONCRETE Monitoring devices, namely, sensors such
as for humidity, pressure, pH, vibration, and temperature with electrical
assessment… Owned by: Giatec Scientific Inc. Serial Number: 87184652 ICOR Hand-held devices for corrosion
evaluation of reinforced concrete structures; hand-held devices for measuring
corrosion… Owned by: Giatec Scientific Inc. Serial Number: 87307086 GIATEC Concrete testing devices, sensors,
software, and technologies for measuring the non-destructive properties of
concrete Owned by: Giatec Scientific Inc. Serial Number: 87307112 SMART Construction materials; sensors embedded
within construction materials; monitoring devices, namely sensors such as for
humidity… Owned by: Giatec Scientific Inc. Serial Number: 87429758 |
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RENEWAL HISTORY |
No records found. |
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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 2010, Giatec Scientific Inc.
is an organization in the Other Measuring and Controlling Device
Manufacturing Industry headquartered in Ottawa, Canada. The company has 25 regular employees and
generates an estimated $4.2 million USD in annual revenue. It operates nationally and
internationally, mainly exporting to Colombia, Mexico and Ecuador. 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 |
Sarah |
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POSITION |
Sales |
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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. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.02 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.07 |
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CAD |
1 |
INR 53.06 |
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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NIY |
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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
·
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.