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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KARL W. RICHTER INC. |
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Registered Office : |
350 Middlefield Road, Scarborough, Ontario M1S 5B1 |
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Country : |
Canada |
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Date of Incorporation : |
27.12.1987 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company is importer and distributor of abrasives, polishing supplies, seals, tools, fasteners, plumbing, and much more. |
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No. of Employees : |
55 |
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 Complaints |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
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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
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: KARL W. RICHTER INC.
Address: 350 Middlefield Road, Scarborough,
Ontario M1S 5B1 - Canada
Telephone: +1 416-757-8951
Fax: +1 416-757-7110
Website: www.kwrtools.com
Corporate ID#: 001887962
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: January
2, 2013
Date founded: December 27, 1987
Stock: -
Value: -
Name of manager: Christian
RICHTER
History:
A former KARL W. RICHTER INC.
was incorporated in Ontario on December 29, 1987 under ID# 000752093, merged
into the new KARL W. RICHTER INC. on
January 2, 2013.
Business:
The Company is importer and distributor of abrasives, polishing
supplies, seals, tools, fasteners, plumbing, and much more.
Brands include Mitutoyo Precision Instruments, matrix tooling solutions,
Fuller Metric Parts, NSK America, and others.
Staff: 55
Operations & branches:
At the headquarters, we
find a warehouse and office, owned.
Shareholders:
This is a private company.
Management:
Christian RICHTER is the President, Director and CEO
Other managers include Paul VERDONK and Brett McKINNON.
As far as we know, they are involved in other corporations, including:
KARL W. RICHTER TOOLS, FILES & ABRASIVES LIMITED
Incorporated in Ontario on 12-29-1987
ID# 000752093
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.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
CAD 8,000,000+
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