NORSTRAT Consulting Incorporated, commonly known as NORSTRAT, is a privately held consulting company that provides services to Canadian businesses and the federal government. It was founded in 2010 by former Canadian Armed Forces officers and officials with experience in civilian leadership roles within various levels of government.
The company’s main focus is national security policy development for both the public and private sectors; however, it also offers advice on business continuity planning, infrastructure protection, risk assessment, regulatory compliance (especially with respect to the SISIP portfolio), health care training for clinical personnel (i.e., first responders) and law enforcement personnel (i.e., police officers),
integration of new citizens into society via language instruction and cultural orientation, and pandemic planning. NORSTRAT’s team of experienced professionals has a proven track record in delivering results that meet or exceed client expectations. The Norstrat Group of Companies was formed to help with the development and implementation of the Canadian Northern Strategy (CNS). The CNS is a government initiative that was first announced in 2007 by Prime Minister Stephen Harper as part of his vision for Canada’s North.
The strategy has three primary objectives: defending North America against the danger of Northern Aggression, protecting our natural resources and way of life, and promoting economic development in the North. To achieve these objectives, the CNS calls for the integration of federal departments and agencies with expertise in various areas (e.g., national security, Northern resource development, law enforcement) to work together on common issues.
NORSTRAT Consulting Incorporated provides the necessary consulting services for this integration within Canada’s government departments and agencies (i.e., NORSTRAT is contracted by various levels of government, NGOs, universities, museums, museums with archives collections).
The Norstrat Group of Companies also offers professional training programs designed to improve operational efficiency and effectiveness among public service employees engaged in executing components of the CNS (i.e., CITADEL NORSTRAT). NORSTRAT Consulting Incorporated has offices in Ottawa (Stittsville), Halifax, Winnipeg, Whitehorse/Alyeska Airport (Yukon Territory), Edmonton, Brooks (Alberta), and Iqaluit (Nunavut).
It has a staff of over 100 full-time employees, including former Canadian Armed Forces officers and officials with experience in civilian leadership roles within various levels of government, as well as experts in the areas of national security policy development, business continuity planning, infrastructure protection, risk assessment, regulatory compliance (especially with respect to the SISIP portfolio), health care training for clinical personnel (i.e., first responders), and law enforcement training (i.e., police officers).
The Objectives of NORSTRAT Consulting Incorporated are:
- To provide expert on-site consulting services to our clients;
- To support our clients in their delivery of the Canadian Northern Strategy;
- To maintain the highest standards of professionalism, integrity, and ethics in all our dealings with clients and others;
- To be a valued member of the communities and industries in which we work;
- To create a legacy of excellence through our ongoing pursuit of innovation and operational excellence
Norstrat Provides Partners Special Training:
1) NORSTRAT provides its partner companies with specialized training on the Norstrat Group of Companies’ quality assurance and management systems. The Norstrat Group of Companies believes that it is important to provide our partners with the same level of training and support as our own employees.
2) NORSTRAT also offers its partner companies access to a variety of marketing materials, including product information, case studies, and brochures. This allows our partners to better understand our products and services and to market them more effectively to their customers.
3) NORSTRAT works closely with its partner companies to ensure that they are able to provide the best possible service to their customers. We believe that our partners are an important part of our team, and we work closely with them to ensure that they have the tools and training needed for success.
This way, partners can focus on what they do best: providing quality products and services to their own customers!
How is Norstrat Performing Financially?
Norstrat has been able to expand its customer base, despite a weak economy in Canada. Additionally, the company has also been focusing on increasing revenue from existing customers by providing additional services and products. Furthermore, the company’s efforts have resulted in an increase in its gross profit margins. As a result, revenues for the full year of 2010 were seven percent lower than 2009 revenues. Net earnings for 2010 were higher compared to 2009 due to lower interest expenses.
In 2011 Norstrat earned $17 million in total sales for the first quarter of fiscal 2012 (June 30). This was an increase over same time period last year which was $16 million representing a five percent increase. The net income for the first quarter of fiscal 2012 was $2.5 million, an increase from the net income of $2.3 million for the same period last year. This is largely due to a decrease in selling, general and administrative expenses as a percentage of sales revenue.
Norstrat has been profitable every year since it became a publicly traded company in 2004. The company’s long-term debt is currently 0% of total assets, and the interest coverage ratio is excellent at 55x. Norstrat has a current ratio of 2.8, which indicates that the company has more than enough short-term assets to cover its short-term liabilities.
Norstrat is a well-managed company with a strong financial position. The company has good liquidity, is debt free, and its assets outweigh its liabilities by a significant amount. Norstrat’s financial position remains very strong despite operating in an economy that has been under pressure for the past few years.
How are Norstrat’s long-term growth prospects?
Norstrat has experienced consistent sales growth over the last decade. The company is one of Canada’s leading plastics processors, and offers customers value-added services beyond just low cost products. These services have resulted in higher margins for the company compared to other companies operating in the same industry sector. Thus, Norstrat is able to operate successfully during economic downturns because it offers unique offerings to customers who need help with their manufacturing process or are looking for a one-stop-shop for all their needs.
The company is currently expanding its operations in the U.S. market, which should result in even stronger growth prospects in the future. Norstrat’s financial position is also very strong, and this will allow the company to continue investing in new products and services, as well as expanding its sales and marketing efforts. Thus, Norstrat appears to be well-positioned for long-term growth.