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Report Date : |
07.12.2012 |
IDENTIFICATION DETAILS
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Name : |
VIBAC CANADA INC. |
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Registered Office : |
12250 Bld Industriel, |
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Country : |
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Date of Incorporation : |
14.11.1977 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
development and manufacture of specialty packaging
products. |
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No. of Employees : |
105 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
CAD 1,200,000+ |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
canada - ECONOMIC OVERVIEW
As an affluent,
high-tech industrial society in the trillion-dollar class, Canada resembles the
US in its market-oriented economic system, pattern of production, and affluent
living standards. Since World War II, the impressive growth of the
manufacturing, mining, and service sectors has transformed the nation from a
largely rural economy into one primarily industrial and urban. The 1989
US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade
Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in
trade and economic integration with the US its principal trading partner.
Canada enjoys a substantial trade surplus with the US, which absorbs about
three-fourths of Canadian exports each year. Canada is the US's largest foreign
supplier of energy, including oil, gas, uranium, and electric power. Given its
great natural resources, highly skilled labor force, and modern capital plant,
Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the
global economic crisis, the economy dropped into a sharp recession in the final
months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12
years of surplus. Canada''s major banks, however, emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector''s tradition of conservative lending practices and strong
capitalization. Canada achieved marginal growth in 2010 and 2011 and plans to
balance the budget by 2015. In addition, the country''s petroleum sector is
rapidly becoming an even larger economic driver with Alberta''s oil sands
significantly boosting Canada''s proven oil reserves, ranking the country third
in the world behind Saudi Arabia and Venezuela.
|
Source : CIA |
Company name: VIBAC CANADA INC.
Address: 12250 Bld Industriel,
Montreal, Quebec H1B 5M5 – Canada
Telephone: +1
514-640-1599
Fax: +1 514-640-1577
Website: www.vibacgroup.com
Corporate ID#: 0921157
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 11-14-1977
Stock: -
Value: -
Name of manager: Pietro
BATTISTA
Business:
VIBAC Canada Inc. engages in the development and manufacture of
specialty packaging products.
Its products include transparent, coextruded, metallizable, metallized, white opaque, matte, and plain homopolymer films; BOPP carton sealing and strapping tapes; and BOPP solvent, BOPP solvent low noise, BOPP hot melt, and PVC tapes. The company serves packaging and marking industries.
The company was founded in 1976 and is based in Montreal, Canada.
VIBAC Canada Inc. operates as a subsidiary of Vibac SpA.
Brands: VIBAC - SEALAST
Suppliers include:
THAI FILM INDUSTRIES PUBLIC CO. LTD.
73/3 Bangna-Trad, km.13 Bangplee, Samutprakarn 10540, Thailand
NINGHAI GUYUE STATIONERY CO LTD
Aohu Road, Meilin Ninghai Zhejiang China
Staff: 105
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on
450,000 sq. ft., owned.
Shareholders:
Vibac SpA
Strada Ticineto
Salita S. Salvatore
Ticineto, AL 15040
Italy
Vibac S.p.A. develops and manufactures specialty packaging films and
pressure-sensitive tapes for the packaging and marking industries. It offers
metallized and white opaque biaxially oriented polypropylene films; and
pressure sensitive tapes for carton sealing and other purposes. The company was
founded in 1970 and is headquartered in Ticineto, Italy. It has locations in
L'Aquila VIBAC, L'Aquila, Potenza VIFAS, and Viggiano, Italy. Vibac S.p.A. has
production units in Italy, the United States, and Canada.
Management:
Pietro BATTISTA is the President
Luis REYES, Vice President and Secretary
Patrizio MASINI, Cristina BATTISTA, Richard STRACHROWSKI, Vice
Presidents
Loriana SAVIGNANO, Georges LOUANNES, Directors.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year 2011
is in the range of CAD 60,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None