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Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
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Name : |
POLYCAST INDUSTRIAL PRODUCTS LTD |
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Registered Office : |
965 Sherwin Road, Winnipeg, Manitoba R3H 0T8 |
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Country : |
Canada |
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Date of Incorporation : |
27.12.1972 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures insulating fittings for electric equipment, mouldings, switches,
transformers, connectors, and related products |
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No. of Employees |
70 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
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 |
POLYCAST INDUSTRIAL PRODUCTS LTD.
Your order on: POLYCAST INTERNATIONAL
This is a registered business name used by:
Address: 965 Sherwin Road, Winnipeg, Manitoba
R3H 0T8 - Canada
Telephone: +1
204-632-5428
Fax: +1 204-697-0314
Website: www.polycastinternational.com
Corporate ID#: MB-0000311227
State: Manitoba
Judicial form: Corporation – Profit
Date incorporated: 12-27-1972
Stock: -
Value: -
Name of manager: Leah
NAGEL
Business:
The Company manufactures insulating fittings for electric equipment,
mouldings, switches, transformers, connectors, and related products.
Since 08-26-1996, the Company is using the business name POLYCAST
INTERNATIONAL, registered under ID# MB-0003525201.
Exports to the United States, Mexico, Puerto Rico, Cuba, …
No name of foreign suppliers available.
Staff: 70
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Leah MAGEL is the Executive Manager.
Laurie THOMSEN and Dale WHITAKER are Operation Managers.
Arthur ERHARDT is the Sales Executive.
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 Secretary
controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in the range of CAD 15,000,000=
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