MIRA INFORM REPORT
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Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
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Name : |
CAMOPLAST SOLIDEAL INC |
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Registered Office : |
2144 King West Suite 110 Sherbrooke, QC J1J 2E8 |
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Country : |
Canada |
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Year of Establishment : |
1958 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of components, sub-systems, and assemblies |
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 1,000,000. |
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Status : |
Good |
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Payment
Behaviour : |
Usually Correct |
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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 |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: 100.00 CAD = 97.6927 USD |
IDENTIFICATION
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Ordered as: |
Camoplast Solideal Inc |
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Address in the order: |
2675, Rue Macpherson, Magog (Qucbec) Jixoe6 |
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Comments on data supplied: |
Please note that the address provided belongs to one of the manufacturing
plants. For further information about the address you provided please refer
to the BRANCHES part of this report; The structure is headquartered at 2144
King West Suite 110 Sherbrooke, QC J1J 2E8 Canada. That is why we proceed on making the report under that
address. |
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Legal Name: |
CAMOPLAST SOLIDEAL INC |
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Legal Address |
2144 King West Suite 110 Sherbrooke, QC J1J 2E8 Canada |
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Operative Address |
2144 King West Suite 110 Sherbrooke, QC J1J 2E8 Canada |
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Telephone: |
+1 (8199 823-8710 |
ID : |
NA |
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Fax: |
+1 (819) 823-8772 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1958 |
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Manager: |
Pierre Marcouiller, Chairman of the Board |
Date Incorporated: |
NA |
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Staff: |
8,000 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of components, sub-systems, and assemblies. |
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BANKS
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Name of the Bank |
Royal Bank Of Canada |
BUSINESS
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HISTORY |
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This company was created in the year 1978. |
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PRINCIPAL ACTIVITY |
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The structure engages in the design, development, and manufacture of
specialized components, sub-systems, and assemblies for original equipment
manufacturers of power sports, agricultural, construction, industrial,
defense, and automotive vehicles. |
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Products/Services description: |
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Industrial tires Rubber tracks Rubberized wheels Undercarriage systems Body dressing parts Under-the-hood plastic components and assemblies Molded skis Engine covers Thermal and air induction systems Coolant and washer reservoirs Structural composite parts Among others. |
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Sales are: |
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Wholesale |
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Brands: |
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Camoplast Solideal |
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Clients: |
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Various industries |
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Operations area: |
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National, International, Local |
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The company imports from worldwide |
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The company export to Worldwide depending on the demand. |
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The subject employs 8,000 employee(s) |
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PAYMENTS |
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To be monitored |
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LOCATION |
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Headquarters |
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The company is headquartered at 2144 King West Suite 110 Sherbrooke,
QC J1J 2E8 Canada. |
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Branches: |
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The structure has facilities and manufacturing plants in Australia,
South Korea, Sri Lanka, US and Mexico. Among them we can include: 2675 Rue Omer-Boisvert Magog, QC J1X 0E6 Canada. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Pierre Marcouiller, Chairman of the Board Christian Martin, Director of Sales and Marketing. Alain Tremblay, director Ginette Chenier, Secretary |
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 Christina 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 |
1,061,890,000 |
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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 good 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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This is a big sized company with 8,000
employees and 53 years of experience. The subject operates with ISO 9000:2000,
ISO 14001:2004 and ISO / TS 16949, which allows the4 subject to have a
positive and strong presence worldwide. There were no legal filings found against
the company or its legal representatives. The income per employee is pretty fair for
its size. A credit line may be considered for USD
1,000,000. We suggest monitoring the company's length
of payments. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Christina |
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Position |
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Representative |
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Comments |
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She refused to provide us any financial data on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.91 |
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UK Pound |
1 |
Rs.76.53 |
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Euro |
1 |
Rs.66.43 |
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.