MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ARCELORMITTAL TUBULAR PRODUCTS MONTREAL INC. |
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Registered Office : |
4000, Rue Des Acieries, |
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Country : |
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Date of Incorporation : |
17.11.2006 |
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Legal Form : |
Private |
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Line of Business : |
Manufacturer of Metal Tubular Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name : ARCELORMITTAL
TUBULAR PRODUCTS MONTREAL INC.
Address :
4000 RUE DES ACIERIES
City :
CONTRECOEUR
State/Province :
Zip Code :
JDL ICD
Country :
Telephone :
450-587-8600
Facsimile :
450-442-7747
Legal Form :
Federally Chartered Corp. - Private
Website :
www.mittalsteel.com
Business Activity : The
Company is a designer and manufacturer of metal tubular products.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
NOTE TO CLIENT
NOTE::LEGAL NAME: ARCELORMITTAL
TUBULAR PRODUCTS MONTREAL INC.
ORDERED NAME: ARCELOMITTAL
PLEASE NOTE THAT WHILE SEVERAL ENTITIES HEADQUARTERED AT THE HEADING
ADDRESS ARE IN THE PROCESS OF CHANGING THEIR LEGAL NAMES TO INCLUDE
ARCELORMITTAL IN THEIR TITLES, ARCELORMITTAL TUBULAR PRODUCTS MONTREAL INC. IS
CURRENTLY THE ONLY ENTITY CURRENTLY USING ARCELORMITTAL IN ITS LEGAL NAME.
Please note that while the subject is technically headquartered at the
ordered address, the Company primarily operates from the address 5870, Rue
Saint-Patrick, Montreal, Quebec (tel: 514-762-5202)
Person Contacted: Ms. Josee
Bonenfant, the assistant to Mr. Pierre Bolduc, Finance Officer. She confirmed the legal name, address, and
fax number, before deferring to Mr. Bolduc for more information, however, we
have not received a response to our messages at this time.
Please note that an employment figure could not be learned, however, the
LEGAL
Legal Form :
Federally Chartered Corp. - Private
Since (D/M/Y): 17/11/2006
State/Province of Incorporation :
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
Corporation #6658911
BN #836231167RC0001
Corporation Name(s): ArcelorMittal Tubular Products Montreal Inc.
ArcelorMittal Produits Tubulaires Montréal Inc.
Old Name(s) and Change Date(s)
Arcelor Mittal P& T Canada Inc. - 2007/10/02
6658911 CANADA INC. - 2006/12/11
Mailing Address: [Latest address on file]
Care of: Jacques Beauchamp
Street: 4000 des
City: Contrecoeur
Province:
Postal Code: J0L1C0
Country:
Registered Office Address: [Latest address on file]
Care of: Jacques Beauchamp
Street: 4000 des
City: Contrecoeur
Province:
Postal Code: J0L1C0
Country:
Reg. Off. Eff: 2006/11/17
Status: Active
Incorporation Date: 2006/11/17
The Company is provincially qualified in
Incorporation Number: 1164131337
Legal Name: ARCELOR MITTAL P& T CANADA INC. (Old Name)
Incorporation Date: 11/17/2006
Last Annual Report: 10/3/2007
Location:
Address:4000, ROUTE DES ACIERIES CONTRECOEUR (
Managers/Key
Personnel
Mr. Roelof Ijsbrand Baan
President
Mr. Denis Fraser
Secretary
Mr. Benoit Alain
Director
AFFILIATED ENTITIES
The following is a sample of affiliates:
Companhia Siderúrgica de Tubarão
Dofasco Inc.
Mittal Steel Lázaro Cárdenas S.A.
de C.V.
Mittal Steel USA Inc.
Aceria Compacta de Bizkaia
Arcelor Atlantique et
Arcelor
Arcelor Eisenhüttenstadt
GmbH
Arcelor España S.A.
Arcelor Méditerranée SAS
Arcelor Steel
Arcelor Piombino S.p.a.
Cockerill Sambre S.A.
Industeel Belgium S.A.
Industeel France S.A.
Mittal Steel Galati S.A.
Mittal Steel Ostrava a.s.
Mittal Steel Poland S.A.
Acindar Industria Argentina de
Aceros S.A.
Arelor Huta Warszawa Sp.
z.o.o.
Arcelor
Arcelor Olaberría, S.L.
Arcelor Profil Luxembourg
S.A.
Arcelor Rodange S.A.
Belgo Siderurgia S.A.
Mittal Canada Inc.
Mittal Steel
Mittal Steel Hochfeld GmbH
Please note that many of the
Ultimate parent company's subsidiaries have already changed their names to
reflect the name, ARCELORMITTAL.
Parent Companies
Parent Company: ARCELOR MITTAL PIPES & TUBES N.V.
HOFPLEIN 20 (23RD FLOOR)
Ultimate Parent: ARCELORMITTAL
The following are selected stock price
and financial statement information for the parent company, ARCELORMITTAL,
which trades on the
As of 10/23/2007 in
US Dollars
Stock Price: 79.32
52 Week High: 81.02
52 Week Low: 39.59
Shares Outstanding: 1,390,000,000
Fiscal Year End: 12/31/2006 in
Thousands of US Dollars:
Net Sales: 58,870,000
Net Income: 5,405,000
Total Assets: 112,166,000
Total Liabilities: 70,039,000
Total Equity: 42,127,000
The Company has no known subsidairies.
BANKS
PQ
Telephone:
Facsimile:
Account Number:
Account Manager:
A bank name could not be learned at this time.
PAYMENT HISTORY
No payment record was found for the Subject at this time.
FINANCIAL
INFORMATION
Please note that the Company has not finished its first fiscal year of
operations, therefore, no financial statement information is available at this
time. The Subject is consolidated within
its ultimate parent, ARCELORMITTAL.
CURRENT OPERATIONS
NAICS Code: 33 Mfg- Metals, Machinery, Appliances,
Furniture, Equ
Business Activity
The Company is a designer and manufacturer of metal tubular products.
The heading address is the headquarters for the Subject. The facility consists of administrative
office space.
The Company has a manufacturing facility located in
TRADE REFERENCES
A fax was sent to the Company for trade references. If we receive a response, we will amend the
report accordingly.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy
petitions or Uniform Commercial Codes.
GENERAL COMMENTS
The Subject, federally chartered
in
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)