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Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
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Name : |
ACTIVE EXHAUST CORP. |
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Registered Office : |
1865 Birchmount Road, Scarborough, Ontario M1P 2J5 |
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Country : |
Canada |
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Year of Incorporation : |
1958 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Designs and manufactures automobile exhaust systems for original equipment manufacturing applications. |
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No. of Employees : |
150 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaint |
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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, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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 2010-12 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: ACTIVE EXHAUST CORP.
Address: 1865 Birchmount Road,
Scarborough, Ontario M1P 2J5 - Canada
Telephone: +1
416-445-8610
Fax: +1 416-445-9765
Website: www.activeexhaust.com
Corporate ID#: ON-001377583
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 11-29-1999
Date founded: 1958
Stock: -
Value: -
Name of manager: Peter
HAMPTON
Business:
Active Exhaust Corp. designs and manufactures automobile exhaust systems
for original equipment manufacturing applications.
It offers mufflers and accessories, spark arrestors, diesel mufflers,
bent tubes, and round tube converters, as well as related replacement exhaust
parts. The company also provides testing of existing exhaust systems, custom
manufacturing of components, and powder coating services.
It serves outdoor power equipment, recreational vehicles, and
agricultural equipment markets, as well as stationary engine powered
generators, pumps, compressors, and automotive aftermarket catalysts.
Active Exhaust Corp. markets its products through dealers, distributors,
and sales representatives.
The company was formerly known as ACS Limited.
Active Exhaust Corp. was founded in 1958 and is based in Toronto,
Canada.
The company has warehouse locations in the United States.
Suppliers include:
Ningbo Shenfeng Automobile Parts Co.,Ltd.
NO.1 East Shuntai Road,Yangming Technology Industrial Zone, Yuyao,
Ningbo, Zhejiang, China
Staff: 150
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Peter HAMPTON is the
President, Director and CEO.
Matthew BUTSON is
Engineering Services Manager
Patrick SILVA is Quality
Manager
Subsidiaries
And partnership:
ACTIVE EXHAUST CHINA CORP.
Incorporated in Ontario on 03-30-2012
ID# 002322661
ACTIVE EXHAUST INDIA CORP.
Incorporated in Ontario on 01-09-2013
ID# 002356698
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
2012 is in the range of CAD 28,000,000=
The business is 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