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Report Date : |
17.10.2014 |
IDENTIFICATION DETAILS
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Name : |
CANIMEX INC. |
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Registered Office : |
285 Rue Saint-Georges, Drummondville, Quebec J2C 4H3 |
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Country : |
Canada |
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Date of Incorporation : |
13.04.1994 |
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Legal Form : |
Quebec Corporation – Profit |
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Line of Business : |
Subject engages in manufacturing and trading mechanical and hydraulic
power transmission components, access systems, garage door hardware, and
metallic parts. |
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No. of Employees : |
500 |
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
|
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: CANIMEX INC.
Headquarters: 285 Rue Saint-Georges, Drummondville, Quebec J2C 4H3
Canada
Telephone: +1 819-477-1335
Fax: +1 819-477-0347
Website: www.canimex.com
Corporate ID#: 1140273633
State: Quebec
Judicial form: Quebec Corporation – Profit
Date incorporated: 04-13-1994
Date founded: 11-12-1969
Stock: -
Value: -
Name of
manager: Roger DUBOIS
Business:
Canimex, Inc. engages in manufacturing and trading mechanical and hydraulic power transmission components, access systems, garage door hardware, and metallic parts.
It offers gearboxes and planetary drives, speed reducers, bearings, slewing rings, door rollers and guides, pulleys, counterbalancing parts, chain hoists, handles and locks, decorative door hardware, hinges, brackets, return and slewing springs, cable assemblies, and garage door operators.
The company also manufactures components for sectional and rolling garage doors, rolling doors, and electric operators, as well as aluminum products for the access system and automotive sectors. In addition, it offers sheet metal work, stamping, and high precision machining services.
The company serves original equipment manufacturers in the power transmission components industry in North and South America, Europe, Australia, and internationally.
Canimex, Inc. was founded in 1969 and is based in Drummondville, Canada with warehouses in the United States and Europe.
Foreign suppliers include:
CHENG HAI OILLESS METAL INDUSTRIAL
NO.998 CHIEN FENG RD., LAN-KUN LI, M IAO LI , TAIWAN
Staff: 500
Operations & branches:
At above
address, we find a large warehouse and office.
The Company
maintains branches located:
475 Rue Laferté
Drummondville, Quebec J2C 3K1
401 Rue Laferté
Drummondville, Quebec J2C 3K1
575 Rue des Ecoles
Drummondville, Quebec J2B 1J6
Shareholders:
ROGER DUBOIS INC.
285 Rue Saint-Georges, Drummondville, Quebec J2C 4H3
Incorporated in Quebec on 01-07-1997
ID# 1146418638
Holding Company
Management:
Roger
DUBOIS, President and CEO
Daniel
DUBOIS, Secretary
They are
also involved in:
ROGER DUBOIS INC.
285 Rue Saint-Georges, Drummondville, Quebec J2C 4H3
Incorporated in Quebec on 01-07-1997
ID# 1146418638
FONDATION CANIMEX
285 Rue Saint-Georges, Drummondville, Quebec J2C 4H3
A Non Profit corporation
Incorporated in Quebec on 11-15-2000
ID# 1149697741
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 CAD 200,000,000=
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: Several
Trade
references:
Date
reported: October 2014
High
credit: CAD 20,000
Now owing: 0
Past due: 0
Last
purchase: September 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: October 2014
High
credit: CAD 800,000
Now owing: 0
Past due: 0
Last
purchase: September 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: October 2014
High
credit: CAD 2,000
Now owing: 0
Past due: 0
Last
purchase: September 2014
Line of
business: Telecommunications
Paying
status: On terms
Domestic
credit history:
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made on due date.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains a regular business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
Last report
was filed on 05-22-2014.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
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|
1 |
Rs.98.24 |
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Euro |
1 |
Rs.78.66 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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.