|
Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
STACKTECK SYSTEMS LIMITED |
|
|
|
|
Formerly Known as: |
STACKTECK SYSTEMS CANADA INC. |
|
|
|
|
Registered Office : |
1 Page Road, Brampton, Ontario L6T 5S2 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Year of Establishments: |
1998 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
provider of integrated plastic tooling solutions for the injection molding industry. Subject offers single face molds, quick product change molds, compact slide action molds, bump-off molds, unscrewing molds, collapsible core molds, flip top molds, multi-material molds, IML molds/tooling, and mold bases. Subject provides injection molds for plastic parts, such as closures,
medical, and thin-wall packaging. Subject services include plastic product design, mold flow analysis, prototyping,
short production runs, IML prototyping and sampling, system integration, IML
robotics and integration, and repair and refurbishment. |
|
|
|
|
No. of Employees |
165 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 2010-12 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.
|
Source : CIA |
Company name: STACKTECK SYSTEMS LIMITED
Address: 1 Page Road, Brampton, Ontario L6T
5S2 - Canada
Telephone: +1
416-749-1698
Fax: +1 416-749-2765
Website: www.stackteck.com
Corporate ID#: 001452791
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: December
1, 2000
Date founded: 1998
Stock: -
Value: -
Name of manager: Randy YAKIMISHYN
History:
Name changed from STACKTECK
SYSTEMS CANADA INC.
Business:
StackTeck Systems Limited provides integrated plastic tooling solutions for the injection molding industry. It offers single face molds, quick product change molds, compact slide action molds, bump-off molds, unscrewing molds, collapsible core molds, flip top molds, multi-material molds, IML molds/tooling, and mold bases.
The company provides injection molds for plastic parts, such as
closures, medical, and thin-wall packaging.
Its services include plastic product design, mold flow analysis, prototyping,
short production runs, IML prototyping and sampling, system integration, IML
robotics and integration, and repair and refurbishment.
The company serves various markets, such as thinwall food packaging,
housewares, consumer goods, medical/pharmaceutical/laboratory, personal
care/cosmetics, caps and closures, and cutlery.
The Company was founded in 1998 and is headquartered in Brampton, Canada
with operations and regional offices in Canada, Hong Kong, Thailand, Vietnam,
Mexico, and the United States.
The Company exports worldwide.
Suppliers include:
PLASTOP KWAZULU NATAL PTY LTD
3 MACK ROAD PROSPECTON NATAL SOUTH AFRICA
Staff: 165
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Management:
Randy YAKIMISHYN is the President, Director and CEO.
He is an Operating Partner at Annex Capital Group LLC. He has worked
with the principals of Annex since 2006. Prior to joining StackTeck, Mr.
Yakimishyn led a consulting business for international converters in the food
and beverage packing markets, providing optimization of manufacturing
operations through global tooling programs and execution of operational
business strategies. Prior to his own consulting business, he held the position
of General Manger Mold Operations with Husky Injection Molding Systems from
1997 to 2004.
Mr. Yakimishyn served as President and Chief Executive Officer of
StackTeck Matrix Systems. Having started his career as a graduate engineer with
Husky in 1982, he held numerous of progressive positions in mold manufacturing
and played a key role in transitioning Husky's diverse mold manufacturing
business to a focused global leader in PET perform mold production.
He is a registered member of the Professional Engineers of Ontario.
Mr. Yakimishyn is a graduate of the University of Waterloo, and holds a
Bachelor of Science, Mechanical Engineering Degree.
Henry ROZEMA is Vice President.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And Partnership:
None
In United States, 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 30,000,000+
The business is 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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
UK Pound |
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.