MIRA INFORM
REPORT
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Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
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Name : |
AC PLASTIQUES CANADA INC |
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Registered Office : |
1395 Montãoe Chaonier, Les Cã¨Dres, QC J7T 1L9 |
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Country : |
Canada |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Piping/Tubing |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
AC Plastiques Canada Inc
1395 Montãoe Chaonier,
Les Cã¨Dres, QC J7T 1L9
Canada
Tel: 450-455-3311
Fax: 450-452-2037
Web: www.acplastiques.com
Synthesis
Employees: 60
Company Type: Private Subsidiary
Corporate Family: 7
Companies
Ultimate Parent: Plasticon
Europe BV
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 30.6
Total Assets: NA
Business Description
Piping/Tubing
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified
NACE 2002: 2875 - Manufacture
of other fabricated metal products not elsewhere classified
NAICS 2002: 33299 - All Other
Fabricated Metal Product Manufacturing
UK SIC 2003: 2875 - Manufacture
of other fabricated metal products not elsewhere classified
US SIC 1987: 3498 - Fabricated
Pipe and Pipe Fittings
Key Executives
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Name |
Title |
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Eric Lamontagne |
Manager |
News
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Title |
Date |
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Plasticon
Europe BV Acquires AC Plastiques (1992) Inc |
15-Dec-2010 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
1395 Montãoe Chaonier,
Les Cã¨Dres, QC J7T 1L9
Canada
Tel: 450-455-3311
Fax: 450-452-2037
Web: www.acplastiques.com
Sales USD(mil): 30.6
Assets USD(mil): NA
Employees: 60
Industry: Miscellaneous
Fabricated Products
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Manager: Eric
Lamontagne
Contents
· Industry Codes
· Business Description
· Financial Data
Industry Codes
ANZSIC 2006 Codes:
2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2875 - Manufacture of other fabricated metal products not
elsewhere classified
NAICS 2002 Codes:
33299 - All Other Fabricated Metal Product Manufacturing
US SIC 1987:
3498 - Fabricated Pipe and Pipe Fittings
UK SIC 2003:
2875 - Manufacture of other fabricated metal products not
elsewhere classified
Business
Description
Piping/Tubing
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Financials in: |
USD(million) |
1 Year Growth |
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Revenue |
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 7 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Oldenzaal |
Netherlands |
Chemicals - Plastics and Rubber |
110.7 |
1,100 |
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Subsidiary |
Dompierre Sur Yon |
France |
Fabricated Plastic and Rubber |
13.8 |
77 |
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Subsidiary |
Les Cèdres, QC |
Canada |
Miscellaneous Fabricated Products |
30.6 |
60 |
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Subsidiary |
Bergen Op Zoom, Noord-Brabant |
Netherlands |
Miscellaneous Capital Goods |
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20 |
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Subsidiary |
Lemmer, Friesland |
Netherlands |
Business Services |
27.0 |
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Subsidiary |
Lemmer, Friesland |
Netherlands |
Fabricated Plastic and Rubber |
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100 |
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Subsidiary |
Dompierre Sur Yon |
France |
Commercial Banks |
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Executive report
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Executives |
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Manager |
Other |
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Plasticon Europe
BV Acquires AC Plastiques (1992) Inc
Business Wire: 15
December 2010
[What follows is
the full text of the news story.]
OLDENZAAL, Netherlands--(BUSINESS
WIRE)-- The management and shareholders of Plasticon Europe BV, Oldenzaal
(Netherlands), and AC Plastiques Canada (1992) Inc� wish to announce that
agreement has been reached on the acquisition of AC Plastiques Canada (1992)
Inc. by Plasticon Europe BV. AAC Capital Partners, which has a majority stake
in Plasticon, fully supports the important strategic acquisition of AC
Plastiques.
For Plasticon
Europe BV this means an important step in the company�s growth strategy. With
AC Plastiques the group will strengthen its position in its core business and
explore markets where it currently has limited presence. Being part of the
group, AC Plastiques� will be able to offer a much wider product and service
package to the market and profit from the synergy with the existing Plasticon
Europe companies. AC Plastiques will remain an independent entity within the
group operating under its current name, serving the North American market
besides the power market that Plasticon North America will continue to service.
Plasticon Europe
BV provides the chemical, water/wastewater, power generation and other process
industries with integrated solutions for handling and containing critical fluids
and gases. Plasticon Europe BV is Europe�s largest manufacturer of specialty
engineered and corrosion resistant glass fibre reinforced plastic and dual
laminate products. The company has its head office in the Netherlands, with
production locations in the UK, the Netherlands, Germany, Poland, France,
Finland, Thailand and Malaysia and sales offices in the United States, Belgium,
Norway, Russia and Austria.
AC Plastiques is
engaged in developing non-metallic solutions for corrosion related industrial
problems. It produces tanks, apparatus and piping systems for mainly the
chemical, metals & mining industry. AC Plastiques comprises locations in
Montreal Canada, Louisiana USA (AC Plastiques USA LLC) and Shanghai China (AC
Plastiques Jiaxing and Sanfang).
Plasticon Europe
BV
Mr. L. Stutvoet
+31 541 � 85 85 15
or
AC Plastiques
Mr. �. Lamontagne
+1 450 455 3311
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.80 |
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UK Pound |
1 |
Rs.72.86 |
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Euro |
1 |
Rs.63.11 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.