MIRA INFORM
REPORT
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Report Date : |
23.08.2011 |
IDENTIFICATION DETAILS
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Name : |
PINACLE STAINLESS STEEL |
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Registered Office : |
455 Ambassador Dr, Mississauga, ON L5T 2J3 |
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Country : |
Canada |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturing hot metal, pig iron, and silvery pig
iron from iron ore and iron and steel scrap; converting pig iron, scrap iron,
and scrap steel into steel; and in hot-rolling iron and steel into basic
shapes |
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 : |
Small Company |
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Payment
Behaviour : |
---- |
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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
Pinacle Stainless Steel
455 Ambassador Dr
Mississauga, ON L5T 2J3
Canada
Tel: 905-795-2882
Fax: 905-795-1717
Synthesis
Employees: 20
Company Type: Private
Independent
Financials in: USD
(Millions)
Reporting Currency: Canadian
Dollar
Annual Sales: 15.8
Total Assets: NA
Business Description
Establishments
primarily engaged in manufacturing hot metal, pig iron, and silvery pig iron
from iron ore and iron and steel scrap; converting pig iron, scrap iron, and
scrap steel into steel; and in hot-rolling iron and steel into basic shapes,
such as plates, sheets, strips, rods, bars, and tubing. Merchant blast furnaces
and by-product or beehive coke ovens are also included in this industry.
Industry
Industry Iron and Steel
ANZSIC 2006: 2110 - Iron
Smelting and Steel Manufacturing
NACE 2002: 2710 - Manufacture
of basic iron and steel and of ferro-alloys
NAICS 2002: 331111 - Iron and
Steel Mills
UK SIC 2003: 2710 - Manufacture
of basic iron and steel and of ferro-alloys
US SIC 1987: 3312 - Steel
Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills
Key Executives
Name Title
Michael Joseph Manager
News
Bottom of Form
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Title |
Date |
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Pinacle
Stainless Steel Expertise Utilized in Groundbreaking Carbon Capture and
Storage Project |
3-Aug-2011 |
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Pinacle
Stainless Steel Expertise Utilized in Groundbreaking Carbon Capture and
Storage Project |
26-Jul-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = CAD 1.006653
2 - Balance Sheet Item Exchange Rate: USD 1 = CAD 0.97245
Corporate Overview
Location
455 Ambassador Dr
Mississauga, ON, L5T 2J3
Canada
Tel: 905-795-2882
Fax: 905-795-1717
Sales CAD(mil): 15.9
Assets CAD(mil): NA
Employees: 20
Industry: Iron
and Steel
Company Type: Private
Independent
Quoted Status: Not
Quoted
Manager: Michael Joseph
Contents
· Industry Codes
· Business Description
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
2110 - Iron Smelting and Steel Manufacturing
NACE 2002 Codes:
2710 - Manufacture of basic iron and steel and of ferro-alloys
NAICS 2002 Codes:
331111 - Iron and Steel Mills
US SIC 1987:
3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and
Rolling Mills
UK SIC 2003:
2710 - Manufacture of basic iron and steel and of ferro-alloys
Business
Description
Establishments
primarily engaged in manufacturing hot metal, pig iron, and silvery pig iron
from iron ore and iron and steel scrap; converting pig iron, scrap iron, and
scrap steel into steel; and in hot-rolling iron and steel into basic shapes,
such as plates, sheets, strips, rods, bars, and tubing. Merchant blast furnaces
and by-product or beehive coke ovens are also included in this industry.
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Credit Report as of 06/01/2011
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Location |
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455 Ambassador Dr |
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County: |
Peel Regional |
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Phone: |
905-795-2882 |
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Fax: |
905-795-1717 |
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ABI©: |
025412669 |
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Annual Sales: |
$15,895,000 (CAD) |
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Employees: |
20 |
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Business Type: |
Private |
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Location Type: |
Single Location |
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RECOMMENDED CREDIT
LIMIT * |
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N/A |
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Primary Line of
Business: |
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SIC: |
3312-12 - Stainless Steel (Manufacturers) |
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NAICS: |
331111 - Iron & Steel Mills |
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Secondary Lines of
Business: |
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·
Profile Links
·
Similar
Businesses in the Area
Samuel
Plate Sales
2253 Lasalle Blvd
Sudbury, ON P3A 2A9
Ryerson
Canada Inc
160 Magill St
Lively, ON P3Y 1K7
Russel
Metals Inc
2420 Stevenage Dr
Ottawa, ON K1G 3W3
* Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 3312-12 - Stainless Steel (Manufacturers)) regardless of size.
Executive report
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Pinacle Stainless
Steel Expertise Utilized in Groundbreaking Carbon Capture and Storage Project
Stainless Steel
Global Warming
Focus: 03 August 2011
[What follows is
the full text of the news story.]
PinAcle Stainless
Steel (PinAcle), a Canadian-owned, Edmonton-based company specializing in stainless
steel, is pleased to announce their continued involvement in the Alberta Carbon
Trunk Line (ACTL) through the supply of corrosion-resistant stainless steel
piping products essential for carbon capture.
As the first
extensive commercial carbon capture and storage (CCS) project in Alberta, the
ACTL will provide widespread economic benefits and focus on reducing
environmental impacts. PinAcle has been involved in the ACTL project since 2007
in a variety of capacities, such as supplying budgetary advice and providing
technical knowledge of line sizes, alloys, and wall thicknesses. PinAcle's
expertise in the storage, marshalling, and distribution of stainless steel and
specialty alloy pipe, tube, fittings, flanges and valves, will deliver
cost-saving supply strategies and locally-produced products for the ACTL.
"PinAcle has
extensive experience from past involvement on a variety of CO2 capture and
enhanced oil recovery (EOR) projects. We are excited that the Alberta
Government is working with industry to reduce CO2 emissions, support EOR
projects and stimulate the local economy," said Scott Ion, Director of
Projects at PinAcle. "Our involvement in the ACTL to date has been a
thorough, patient persistence that will help to ensure a well-designed and
expertly-executed project."
"Enhance is
looking forward to our continued affiliation with PinAcle, a Canadian-owned,
local supplier with extensive knowledge of stainless steel production and
supply," said Blair Eddy, Vice President Operations, Enhance Energy Inc.
"Their expertise and experience will add economic benefits to the overall
ACTL project."
Pinacle Stainless Steel Expertise Utilized in
Groundbreaking Carbon Capture and Storage Project
Canada Newswire: 26 July 2011
[What follows is the full text of the news story.]
Canadian-Owned
PinAcle Supplies Stainless Steel Products for theAlberta Carbon Trunk Line
Project
CALGARY, July 26,
2011 /CNW/ - PinAcle Stainless Steel (PinAcle), a Canadian-owned,
Edmonton-based company specializing in stainless steel, is pleased to announce
their continued involvement in the Alberta Carbon Trunk Line (ACTL) through the
supply of corrosion-resistant stainless steel piping products essential for
carbon capture.
As the first
extensive commercial carbon capture and storage (CCS) project in Alberta, the
ACTL will provide widespread economic benefits and focus on reducing
environmental impacts. PinAcle has been involved in the ACTL project since 2007
in a variety of capacities, such as supplying budgetary advice and providing
technical knowledge of line sizes, alloys, and wall thicknesses. PinAcle's
expertise in the storage, marshalling, and distribution of stainless steel and
specialty alloy pipe, tube, fittings, flanges and valves, will deliver cost-saving
supply strategies and locally-produced products for the ACTL.
"PinAcle has
extensive experience from past involvement on a variety of CO2 capture and
enhanced oil recovery (EOR) projects. We are excited that the Alberta
Government is working with industry to reduce CO2 emissions, support EOR
projects and stimulate the local economy," said Scott Ion, Director of
Projects at PinAcle. "Our involvement in the ACTL to date has been a
thorough, patient persistence that will help to ensure a well-designed and
expertly-executed project."
"Enhance is
looking forward to our continued affiliation with PinAcle, a Canadian-owned,
local supplier with extensive knowledge of stainless steel production and
supply," said Blair Eddy, Vice President Operations, Enhance Energy Inc.
"Their expertise and experience will add economic benefits to the overall
ACTL project."
About PinAcle Stainless Steel
PinAcle Stainless
Steel is Canada's premier stocking distributor of Stainless, Duplex, and
Specialty Alloy Steel pipe, tube, fittings, flanges, valves, and Fasteners.�
Canadian owned, with five warehouses located in Edmonton, Saskatoon, Toronto,
Montreal, and Moncton.
About the Alberta Carbon Trunk Line (ACTL)
The ACTL will be
capable of gathering CO2 from several sources in the Alberta's Industrial
Heartland and transporting the CO2 to existing mature oil fields throughout
South-Central Alberta. These oilfields will see significant increases in
production as CO2 is permanently stored in the reservoir. The capture and permanent
storage of CO2 will result in significant reductions in emissions of greenhouse
gases in Alberta. The initial supply of CO2 will come from North West Upgrading
Inc. and Agrium Inc.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.95 |
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UK Pound |
1 |
Rs.75.76 |
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Euro |
1 |
Rs.66.01 |
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.