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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIAL
FABRICATION INC. |
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Registered Office : |
240 Fielding Road, Lively, |
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Country : |
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Date of Incorporation : |
13.09.2002 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Manufacturer of the MINECAT® Mine Utility Vehicles for Underground Mining and focus on After Sales Parts and Service Support. Engaged in providing
Utility Equipment and Design Solutions for the Mining Industry. |
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No of Employees : |
40 |
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 250,000 |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
|
Source
: CIA |
Company name: INDUSTRIAL FABRICATION INC.
Address: 240 Fielding Road, Lively,
Telephone: +1
705-523-1621
Fax: +1 705-523-0565
Website: www.minecat.com
Corporate ID#: 001499514
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 09-13-2002
Name of manager: Daryl
RAUTIAINEN
History:
A former INDUSTRIAL
FABRICATION INC. was incorporated in Ontario on 03-17-1998 under ID# 001264081,
merged into the new INDUSTRIAL FABRICATION INC. on 03-13-2002.
Business relocated from 2280 Long Lake Rd, Sudbury, Ontario.
Business:
· The Company is specialized in the manufacture of the MINECAT® mine utility vehicles for underground mining and focus on after sales parts and service support.
Subject provides utility equipment and design solutions for the mining
industry.
No name of foreign suppliers available.
Staff: 40
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office, owned.
Shareholders:
Daryl RAUTIAINEN is a major
shareholder.
Management:
Daryl RAUTIAINEN is the
President, Director and CEO.
Marcel SEMERS is the Sales
Manager.
Present here since September 2012.
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, nobody
was available to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2013 in excess of
CAD 10,000,000+
The business is profitable.
Banks: TD Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None