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Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
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Name : |
MARMON/KEYSTONE CANADA INC. |
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Registered Office : |
1220 Heritage Road, Burlington, Ontario L7L 4X9 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2007 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject distributes carbon tube, pipe, shafting, and structural
tubes |
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No. of Employees |
205 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 high 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 merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its abundant 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 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela
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Source
: CIA |
Company name: MARMON/KEYSTONE CANADA INC.
Headquarters: 1220 Heritage Road, Burlington, Ontario L7L 4X9 – Canada
Telephone: +1 905-335-8827
Fax: +1 905-335-7059
Website: www.mkcanada.com
Corporate ID#: 4404548
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 01-01-2007
Stock: -
Value: -
Name of
manager: David H. ROMBOUGH
History:
Business
issued from the merger of:
-
MARON/KEYSTONE CANADA INC. (ID# 3992659)
- M/K REAL
ESTATE INC. (ID# 2987431)
Business:
Marmon/Keystone Canada Inc. distributes carbon tube, pipe, shafting, and structural tubes in Canada.
Its pipes include seamless pressure pipes, continuous weld black pipes, and seamless and electric resistance welded pipes.
The company’s tubes comprise drawn over mandrel tubes, cold drawn seamless mechanical tubing, hot rolled seamless mechanical tubing, finished honed tubing, suitable to hone tubing, cold drawn seamless mechanical alloy tubing, hot rolled seamless mechanical alloy tubing, boiler tubing, heat exchanger and condenser tubing, hydraulic JIC tubes, cold rolled electric welded tubes, hot rolled electric welded tubes, hollow structural rectangular tubes, hollow structural square tubes, and hollow structural round tubes.
Its shafting/bar solutions include chrome plated, induction hardened metric solutions, as well as chrome plated, induction hardened, and nitro bars.
The company also provides specialty steel products, such as flanges, fittings, bars, pipes, and tubes; and aluminum seamless pipes, tubes, and hollow bars. Its products are used in cylinder, pressure, hydraulic, general mechanical, alloys, and ornamental/fabrication applications.
The company was founded in 1978.
Suppliers include:
VENUS WIRE INDUSTRIES
PVT.LTD.
B.NO.19, RAGHUVANSHI MILL COMPOUNDSENAPATI BAPAT MARG,LOWER PAREL,
MUMBAI-400 013.INDIA
SHANGHAI MAX FITTINGS CO LTD
NO9855 PUWEI ROAD FENGXIAN DISTRICT T86 21 38618388 F 86 21 38618333 SHANGHAI
201417 CHINA
Staff: 205
Operations & branches:
At the
headquarters, we find a warehouse and office, owned.
The Company
maintains branches in Langley, Leduc, Winnipeg, Saskatoon, Dartmouth, and
Boucherville.
OFFICE ADDRESS
27447 56th Avenue Lengley BC V4W 3X1 Canada
Shareholders:
The
ultimate parent company is:
BERKSHIRE HATHAWAY INC.
3555 Farnam Street, Omaha, NE 68131 - USA
The Company
is listed with the NYSE under symbol BPRK.A
The
billionaire Warren BUFFET is the President.
Management:
David ROMBOUGH is the President, Director and General Manager.
He served as Executive Vice President until March 2004.
Norman E. GOTTSCHALK Jr. is Director.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
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 2013 is in the range of USD 100,000,000+
The
business is profitable.
Banks: HSBC Bank
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade
references:
Date
reported: February 2014
High
credit: CAD 50,000
Now owing: 0
Past due: 0
Last
purchase: January 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: February 2014
High
credit: CAD 280,000
Now owing: 0
Past due: 0
Last
purchase: January 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: February 2014
High
credit: CAD 3,000
Now owing: 0
Past due: 0
Last
purchase: January 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
Domestic
credit history appears as follow:
|
Monthly Payment
Trends - Recent Activity |
|
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were prompt and regular.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains a regular 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
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|
1 |
Rs.100.04 |
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Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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.