MIRA INFORM REPORT
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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
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Name : |
BECLAWAT MANUFACTURING INC. |
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Registered Office : |
90 Hanna Court South, Belleville, Ontario K8P 5H2 |
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Country : |
Canada |
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Date of Incorporation : |
1934 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
The Subject designs and
manufactures doors and windows for the marine, offshore, mass transit, military transport
and specialized vehicle industries. |
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No. of Employees : |
30 |
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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Maximum Credit Limit: |
CAD 150,000= |
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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 – 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 a 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.
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Source
: CIA |
Company name and address
Company name: BECLAWAT MANUFACTURING INC.
Address: 90 Hanna Court South, Belleville, Ontario K8P
5H2 - Canada
Telephone: +1
613-966-5611
Fax: +1 613-966-0878
Website: www.beclawat.com
Company summary
Corporate ID#: 4436512
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: August 2,
2007
Date founded: 1934
Stock: -
Value: -
Name of manager: Roger
LAVOIE
ACTIVITIES &
OPERATIONS
Business:
The Company designs and
manufactures doors and windows for the marine, offshore, mass transit, military
transport and specialized vehicle industries.
Suppliers include:
SU-AN ENTERPRISE CO.
1401 JIENIN 1375-2 DAEYEUN 5-DONG,NAM-KU, PUSAN 608-808 KOREA
Staff: 30
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
SHAREHOLDERS & MANAGERS
Shareholders:
PRELCO INC.
94 Bd Cartier
Riviere du Loup, Quebec G5R 2M9 – Canada
Prelco Inc., along with its subsidiaries, manufactures architectural, industrial,
and transportation safety glass in Canada and the northeastern United States.
It offers heating, bent, decorative, ceramic, laminated, spandrel, safety,
structural, tempered, and insulating glass products; glass doors and
partitions; and protective water repellent coating products for commercial and
residential applications. The company also provides industrial glass for food,
visual communications, and other industries; and transportation glass for
railroad, marine, and utility markets.
It serves architects, engineers, and customers.
The company was founded in 1974 and is headquartered in Rivière-du-Loup,
Canada.
Management:
The Board of Directors includes Roger LAVOIE, Richard LANGLAIS, Nicole
GOULET, and Yvan THIBAULT.
Roger LAVOIE is the President
Shayne SWITZER is the General Manager
Subsidiaries
And partnership: None
FINANCIALS
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 6,000,000=
The business is said
profitable.
Banks: HSBC Bank
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
COMPANY CREDIT HISTORY
Trade references:
Date reported: August 2013
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Office supply
Paying status: On terms
Date reported: August 2013
High credit: CAD 40,000+
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Payroll
Paying status: As agreed
Date reported: August 2013
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: July 2013
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company is developing
its business.
The bank confirmed a
regular account.
The Company is in good
standing.
This means that all local and
federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
Credit requested: Maximum
Credit limit: CAD 150,000=
Bas du formulaire
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.14 |
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1 |
Rs.99.02 |
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Euro |
1 |
Rs.83.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.