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Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
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Name : |
THOMPSONS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.01.1949 |
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Legal Form : |
Corporation – Profit
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Line of Business : |
Subject provides agricultural services and products to growers,
canning and food processing industries, and consumers |
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No. of Employees |
400 |
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: THOMPSONS LIMITED
Address: 2 Hyland Drive, Blenheim, Ontario N0P 1A0 - Canada
Telephone: +1 519-676-5411
Fax: +1 519-676-3185
Website: www.thompsonslimited.com
Corporate ID#: ON-001900850
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 07-31-2013
Date founded: 01-25-1949
Stock: -
Value: -
Name of
manager: Ms. Dawn D. BETANCOURT
NOTE :
Business founded in 1924. At the time, there
was no file numbers for businesses.
A first incorporated in 01-25-1949.
History:
A former
THOMPSONS LIMITED was incorporated in Ontario on 01-25-1949 under
ID#
ON-000058576, merged into the new company on 07-31-2013.
Business:
Thompsons Limited provides agricultural services and products to growers, canning and food processing industries, and consumers in Canada and internationally. It distributes seeds, grains, white pea beans, edible beans, popcorn, soybeans, wheat, dry beans, and dry pack grocery products; and seed, fertilizer, and crop protection products to farmers in Ontario's agricultural regions.
It offers inputs for farmers to produce and grow crops; farm related services associated with the growth of agricultural crops; popcorn, peas, lentils, and dry beans through local grocers; and farm services, including grain marketing, precision agricultural, crop input, crop input application, and equipment rental services, as well as IP Elite programs for growers.
It processes and packages, and ships grain and edible beans to domestic and export markets; retails fertilizer and crop protectants; procures, processes, packages, and markets dry beans and popcorn for the retail grocery market; and operates a subsidiary in the United States that specializes in the contract production and processing of dry beans varieties. It owns and operates bean processing facilities in Ontario and Minnesota; elevators that receive, process, and ship the cash crops of Ontario, Manitoba, North Dakota, Minnesota, and Michigan producers; and retail farm centers, seed processing plants, and a wheat processing plant.
It exports its products to food processors in England, Switzerland, Japan, Singapore, Malaysia, Hong Kong, and internationally.
Thompsons Limited was formerly known as W.G. Thompson & Sons Ltd. and changed its name in 2004.
The company was founded in 1924 and is based in Blenheim, Canada with branches in Blacks Lane, Blenheim, Coatsworth, Granton, Hensall, Kent Bridge, Mitchell, Norwich, Pain Court, Pontypool, and Port Albert, Canada; and East Grand Forks, Minnesota.
As of July 31, 2013, Thompsons Limited is a joint venture between The Andersons, Inc. and Lansing Trade Group, LLC.
Staff: 400
Operations & branches:
At the
headquarters, we find a warehouse and office.
The Company
maintains branches located:
12098
Blacks Road
RR2 Rodney, ON
Canada N0L 2C0
125
George Street
Blenheim, ON
Canada N0P 1A0
21333
Coatsworth Road
Coatsworth, ON
Canada N0P 1H0
695
Levitt Street
Granton, ON
Canada N0M 1V0
96
Nelson Street
Hensall, ON
Canada N0M 1X0
23696
Kent Bridge Road
Kent Bridge, ON
Canada N0P 1V0
3964
County Road 168, RR3
Mitchell, ON
Canada N0K 1N0
345539
Quaker Street, RR3
Norwich, ON
Canada N0J 1P0
6857
Pain Court Line, RR1
Pain Court, ON
Canada N0P 1Z0
9
Elevator Road
Bethany, ON
Canada L0A 1A0
35541
Dungannon Road, RR1
Dungannon, ON
Canada N0M 1R0
41703
US Hwy 2 SW.
East Grand Forks, MN
USA 56721
Shareholders:
- The Andersons, Inc.
- Lansing Trade Group, LLC
Management:
Ms. Dawn D. BETANCOURT serves as the President at Thompsons Limited.
She is a Member of the National Grain and Feed Association, previously serving on the association's Country Elevator Committee for six years.
Ms. Betancourt earned her Bachelor's Degree in Economics from Michigan State University, East Lansing, Mich. subsequently she earned an Executive MBA from Bowling Green State University, Bowling Green, Ohio.
Terry KOEHLER serves as the Chief Financial Officer
Ross GOLDHAWK is the Operations Manager.
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 financial assistant controlled the present report.
Sales
declared for year 2013 is in the range of CAD 50,000,000+
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
Haut du formulaire
Trade
references:
Date
reported: August 2014
High
credit: CAD 30,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: August 2014
High
credit: CAD 600,000
Now owing: 0
Past due: 0
Last
purchase: July 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: August 2014
High
credit: CAD 4,000
Now owing: 0
Past due: 0
Last
purchase: July 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.
Other
comments:
The Company
is developing a strong business.
The bank
confirmed a regular account.
The Company
is in good standing.
This means that
all local and federal taxes were paid on due date.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.10 |
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1 |
Rs.99.04 |
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Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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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.