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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
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Name : |
MERIT PRECISION MOULDING LIMITED |
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Registered Office : |
2035 Fisher Drive, Peterborough, Ontario K9J 6X6 |
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Country : |
Canada |
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Date of Incorporation : |
22.10.1993 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a full service thermoplastic injection moulder servicing the
Electronic, Automotive, Consumer and Industrial Sectors. |
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No. of Employees : |
45 |
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 – June 1, 2014
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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 |
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.
|
Source
: CIA |
Company name: MERIT PRECISION MOULDING LIMITED
Address: 2035 Fisher Drive,
Peterborough, Ontario K9J 6X6 - Canada
Telephone: +1
705-742-4200
Fax: +1 705-742-6233
Website: www.meritprecision.com
Corporate ID#: 001035424
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 10-22-1993
Stock: -
Value: -
Name of manager: Tim
I. BARRIE
Business:
Merit Precision Moulding Limited is a full
service thermoplastic injection moulder servicing the Electronic, Automotive,
Consumer and Industrial Sectors.
All engineering resins are utilized including PC, PVC, CPVC, Nylons, Tefzel,
ABS, PP, etc. with equipment ranging up to 800 tons.
Foreign suppliers
include:
TOP PLASTIC MOLD LTD.
1ST FLOOR, BUILDING TWO, NO.10 INDUSTRIAL ESTATE, TIANLIAO, GONGMI CHINA
Staff: 45
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Tim I. BARRIE is the President and General Manager.
Graduate from York University in 1985 with a MBA.
He is the founder of the Company.
As far as we know, he is 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 but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2013 in the range of
CAD 6,000,000=
The business is said to be
profitable.
Banks: TD Bank
1096 Lansdowne St W,
Peterborough, Ontario K9J 1Z9
Ph: +1 705-742-6558
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary: None