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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MARMON KEYSTONE CANADA INC |
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Registered Office : |
1220, Heritage Road, Burlington (Ontario), L7l4x9 |
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Country : |
Canada |
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Date of Incorporation : |
1978 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Distribution & Sale Of Steel Pipe And Tubing |
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No. of Employees : |
204 |
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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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Ordered as: |
Marmon Keystone Canada Inc |
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Address in the order: |
27447 56th Avenue Lengley BC V4W 3X1 |
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Comments on data supplied: |
The address provided is a branch of the company at BRITISH COLUMBIA,
CANADA. |
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Legal Name: |
MARMON KEYSTONE CANADA INC |
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Legal Address |
1220, HERITAGE ROAD, BURLINGTON (ONTARIO), L7L4X9 (HEADQUARTERS) |
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Telephone: |
905-319-4646 |
ID : |
1144491405 |
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Fax: |
905-319-4248 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
CANADA |
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Website: |
Date Created: |
1978 |
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Manager: |
David Rombough, President & Board Member |
Date Incorporated: |
APRIL 04th 1995 |
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Staff: |
204 |
Stock: |
N.A. |
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SIC Code : |
5051 |
Value: |
N.A. |
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Activity: |
DISTRIBUTION & SALE OF STEEL PIPE AND TUBING |
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Name of the Bank |
ROYAL BANK OF CANADA |
BUSINESS
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HISTORY |
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-1907 William Horwitz and partners open a used pipe distributorship
called Keystone Pipe & Supply in Butler, PA. -1967 Keystone Pipe &
Supply Company renamed Keystone Tubular Service Corporation. -1970 becomes a member of The Marmon Group of Companies. -1978 Established at Burlington. -1994, Renamed Marmon/Keystone Canada Inc, -1995, Incorporated in CANADA. |
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PRINCIPAL ACTIVITY |
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Marmon/Keystone Canada, Inc. distributes carbon steel, stainless steel,
aluminum, carbon alloy, and nickel alloy pipes, tubes, bars, flanges, and
fittings worldwide. |
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Products/Services description: |
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The company works with the following products: Alloys: Ferro-Alloy Boiler Equipment &
Supplies: Tubes & Cleaners Fittings: Abrasion Resistant
Steel Fittings: Pipe Fittings: Pipe Flange Pipes: Abrasion Resistant Pipes: Acid & Alkali
Resistant Pipes: Aluminum Pipes: Copper Pipes: Fabricated Pipes: Galvanized Pipes: Hardened Steel Pipes: Mild Steel Pipes: Stainless Steel Tubing: Boiler Tubing: Condenser Tubing: Fined Tubing: Hollow Structural
Sections Tubing: Hydraulic Tubing: Metal Tubing: Seamless Metal Tubing: Square &
Rectangular Tubing: Stainless Steel Tubing: Welded |
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Sales are: |
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Wholesale |
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Brands: |
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ACIERS SPÉCIALISÉS SPECIALTY STEELS |
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Clients: |
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COMPANIES RELATED WITH PIPE AND TUBING MARKET. |
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Suppliers: |
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CHINA YIH KUANG METAL CORPORATION NO 57 FU HSING NORTH ROAD TAIWAN CHINA |
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Operations area: |
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National, International |
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The company imports from CHINA |
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The subject employs 204 employees |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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1220 Heritage Road, Burlington ON L7L 4X9, Tel: 905-319-4646 Fax: 905-319-4248 |
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Branches: |
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QUEBEC 290 Chemin du Tremblay, Boucherville QC J4B 5X9 Tel: 514-527-9153 TollFree: 1-800-361-8142 Fax: 450-641-4357. ONTARIO 1200 Heritage Road, Burlington ON L7L 4X9 Tel: 905-335-8827 TollFree: 1-800-263-6262 Fax: 945-335-7059 MANITOBA/SASKATCHEWAN 79 Routledge Ave, Headingley MB R4H 0A9 Tel: 204-694-6008 TollFree: 1-800-665-0126 Fax: 204-694-5591 ALBERTA Bay 13, Suite 101, 5904 - 50 Street Leduc AB T9E 0R6 Tel: 780-986-2600 TollFree: 1-800-222-6504 Fax: 780-986-9868 BRITISH COLUMBIA 27447 - 56th Avenue, Langley BC V4W 3X1 Tel: 604-857-9844 TollFree: 1-800-663-9572 Fax: 604-857-9860 ATLANTIC CANADA Sales Office, Tel: 902-468-8530 TollFree: 1-800-565-1637 Fax: 902-468-7881 |
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Business Overview: |
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The metal valve and pipe fitting manufacturing industry consists of
about 1,100 companies with combined annual revenue of about $25 billion. Major
companies include units of integrated process control companies such as
Parker Hannifin, Curtiss-Wright, Tyco International, and Flowserve, as well
as valve manufacturers such as Crane, Watts Water, and Mueller Water
Products. The industry is concentrated: the largest 50 companies generate
about 65 percent of revenue. |
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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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The company M/K REAL ESTATE INC., located at 290 ch. Du Tremblay
Boucherville (Québec) J4B5X9 Canada, is the firts shareholder. |
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Management: |
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Mr. David H. Rombough, President and General Manager Mr. Pierre Chenier, Group Vice President of Operations Mr. Tony Peluso, Regional Manager of Ontario Mr. Kevin Grantham, Sales Manager of Ontario Region |
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Related Companies: |
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Marmon/Keystone LLC P.O. Box 992. Butler, PA 16003-0092 (800) 544-1748 |
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As a private company the subject does not publish any financial
statements. |
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We have contacted customer service who refused to provide us any financial
data without knowing the name of the inquiring party. |
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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 |
100,000,000 |
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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. |
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Local credit bureau gave a NORMAL 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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-The company has a long experience in the market, -The company is a sister company of Marmon/Keystone LLC. -The company offers a large range of products, all of them with a ISO
9001 certification. -Is a well known company in the market. -We did not find any negative antecedents against the company. |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
CORRECT |
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Comments |
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We contacted customer service, and the person who answered the call
refused to provide any name, or department to get some more information, as
well as refused to confirm any info. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.90 |
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1 |
Rs.78.14 |
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Euro |
1 |
Rs.65.08 |
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.