MIRA
INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
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Name : |
VIBAC CANADA INC |
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Registered Office : |
12250 boul. Industriel, Montréal (Québec) H1B5M5 |
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Country : |
Canada |
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Year of Establishment : |
1975 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
It is dedicated to the manufacturing of pressure sensitive tapes. |
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No. of Employees : |
105 |
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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Maximum Credit Limit : |
USD 900,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
GEOPOLITICS – CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 1.00 CAD = 0.986003 USD |
IDENTIFICATION
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Comments on data supplied: |
Dear Client, Please take note that the legal name of the name provided in the order
is VIBAC CANADA INC. This information was confirmed with the company. |
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Legal Name: |
VIBAC CANADA INC |
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Legal Address |
12250 boul. Industriel, Montréal (Québec) H1B5M5, Canada |
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Operative Address |
12250 Industrial Blvd., H1B 5M5 Montreal, Quebéc, Canada |
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Telephone: |
+1 (514) 640 1599 |
ID : |
1143037423 |
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Fax: |
+1 (514) 640 1577 |
Legal Form: |
Corporation for Profit |
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Email: |
inco@vibac.com |
Registered in: |
Canada |
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Website: |
http://www.vibacgroup.com/ |
Date Created: |
1975 |
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Manager: |
Pietro Battista, President |
Date Incorporated: |
February 28th 1995 |
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Staff: |
105 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
It is dedicated to the manufacturing of pressure sensitive tapes. |
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BANKS
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Name of the Bank |
Canadian Imperial Bank of Commerce (CIBC) |
BUSINESS
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HISTORY |
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The company was created in 1975. The company was formerly known as
CANADA VIBAC TAPE CORP until October 17th, 2000. |
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PRINCIPAL ACTIVITY |
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Tapes manufacturer. |
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Products/Services description: |
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The company is dedicated to the manufacturing of pressure sensitive
tapes with different supports: BOPP for carton sealing and other purposes. Paper (masking tapes) for various applications: automotive, DIY, and
so on. PVC, cloth. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Operations area: |
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National, International |
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The company export to Depending on demand. |
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The subject employs 105 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 12250 Industrial Blvd., H1B 5M5
Montreal, Quebéc, Canada. |
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Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. It is a wholly owned subsidiary of VIBAC
S.P.A.. Strada Ticineto – Salita S. Salvatore 40 15040 Ticineto (AL) info@vibac.it |
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Management: |
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Pietro Battista, President Richard Stachrowski, Vice President Luis Reyes, Vice President And Tresurer Jocelyne Rodrigue, Secretary Georges Mouannes, Administrator Loriana Savignano, Administrator Savignano, Loriana, Administrator |
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Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Silvi Gatineao, Accounts Payable, who refused to
provide us any financial data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
56,130,000 |
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The cash flow is |
NORMAL |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
Rating
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Local credit bureau gave a Correct credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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Final Opinion |
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It started to operate in 1975. Therefore, it has more than 35 years of
experience. VIBAC CANADA INC is a subsidiary of VIBAC SPA, located in Italy. The
parent, together with its subsidiaries are part of The VIBAC Group, one of
the world's leading privately owned companies focused on the development and
manufacturing of a diversified line of specialty packaging films and
pressure–sensitive tapes. The company’s performance and reliability is well proven with its
installations around the world and the fact that it is part of a recognized
group. The business has remained stable in the market. There is current payment experience. No evidence of legal or labor antecedents found against the company in
the consulted databases. Credit line may be considered for USD 900,000-. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Silvi Gatineao |
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Position |
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Accounts Payable |
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Comments |
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We have contacted this person at the company's and she provided us the
following data: President Shareholders Employees Banks Payments to suppliers |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.39 |
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1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
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 |
-- |
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.