|
Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRENCH LIMITED |
|
|
|
|
Registered Office : |
71 Maybrook Drive, Scarborough, Ontario M1V 4B6 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
01.10.1997 |
|
|
|
|
Legal Form : |
Ontario Corporation - Profit |
|
|
|
|
Line of Business : |
Designs and manufactures high-voltage equipment for utility and industrial customers internationally. |
|
|
|
|
No. of Employees : |
600 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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: TRENCH LIMITED
Address: 71 Maybrook Drive, Scarborough, Ontario M1V 4B6
- Canada
Telephone: +1 416-298-8108
Fax: +1 416-298-2209
Website: www.trenchgroup.com
Corporate ID#: ON-001258297
State: Ontario
Judicial form: Ontario Corporation - Profit
Date incorporated: October
1, 1997
Stock: -
Value: -
Name of manager: Howard POULSON
Business:
Trench Limited designs and manufactures high-voltage equipment for utility
and industrial customers internationally.
The company offers instrument transformers, bushings, and coil products,
as well as communication equipment for electric utility applications.
The company is based in Scarborough, Canada.
Trench, Ltd. operates as a subsidiary of Trench Electric B.V.
Staff: 600
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains
several branches in Canada including:
432 Monarch Avenue
L1S 2G7 Ajax, Ontario
Tel +1-905-426-2665
Fax +1-905-426-2671
390 Midwest Road
M1P 3B5 Scarborough, Ontario
Tel +1-416-751-8570
Fax +1-416-751-6952
330 Finchdene Square
M1X 1A5 Scarborough, Ontario.
Tel +1-416-847-5400
Fax +1-416-291-5581
1865 Clements Rd
Pickering, Ontario L1W 3V4
Ph: 905-619-3246
Shareholders:
Trench Electric B.V.
Profjh Bavincklaan
Amstelveen, 1083 AT
Netherlands
Trench Electric B.V. engages in the design and production of electrical
equipment for high voltage applications in the transmission and distribution of
electricity. The company’s electrical transmission and distribution equipment
transforms, regulates, conditions, and measures electricity for utilities and
industrial customers worldwide.
Trench Electric’s power engineering products include instrument
transformers, bushings, composite insulators, reactors, line traps, power line
carrier, and reactor and electronic control systems.
The company primarily operates in Austria, Brazil, Canada, China, England,
France, Germany, and Switzerland.
Trench Electric B.V. was founded in 1962 by Anthony Trench. The company
is based in Amstelveen, The Netherlands.
Trench Electric B.V. now operates as a subsidiary of Siemens Power
Transmission & Distribution, Inc.
Management:
Howard POULSON is the Chairman and CEO.
Howard Poulson has been Chairman of Trench Electric BV since March 1998.
On June 1st 1999, Mr. Poulson took over the post of Chief Executive
following the retirement of Ron Montgomery from that office.
Prior to joining Trench, Mr. Poulson has had a long career as a director
and Chief Executive of a number of public companies largely operating in the
electronics industry and is currently the Chairman of Aramis Ltd.
John H. FINLAY is the President
John H.G. Finlay has been Executive Vice President, North America &
International of Trench Electric BV since April 2000. Mr. Finlay also serves as
a Director of Trench Electric BV and Trench Electric Holdings BV. Mr. Finlay
became Executive Vice President and Chief Financial Officer of Trench Electric
at the time of its formation in September 1997.
Mr. Finlay joined Trench Limited in Canada in 1988 as Chief Financial
Officer. He was Chief Financial Officer and Executive Vice President of Trench
and its predecessors from its formation in 1993.
Subsidiaries &
Partnership: None (in Canada)
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 100,000,000=
Banks: Royal Bank of Canada
HSBC
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: December 2012
High credit: CAD 30,000
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Office supply
Paying status: 15 days beyond terms
Date reported: December 2012
High credit: CAD 800,000+
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Payroll
Paying status: As agreed
Date reported: December
2012
High credit: CAD 4,000
Now owing: 0
Past due: 0
Last purchase: November 2012
Line of business: Telecommunications
Paying status: 12 days beyond terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent Activity |
|
National Credit Bureaus
gave a medium credit rating.
According to our credit analysts, during the last 6 months, 82% of trade
experience indicates a regular payment.
Domestic payments are currently made with an average of 15+ days beyond
terms.
International credit history:
Payments of imports are currently made with an average of 5 to 10 days
beyond terms.
The Company is improving
its payments, but the cash is low, due to high inventories and conditions of
the market.
Other comments:
The Company maintains its
business.
The Company is in good standing.
This means that all local
and federal taxes were paid on due date.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.71.79 |
|
Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.