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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SPI INDUSTRIES INC. |
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Registered Office : |
R.R. 2, |
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Country : |
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Date of Incorporation : |
02.11.1978 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer of Plastic
Mold |
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No. of Employees : |
50 |
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) |
|
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: SPI INDUSTRIES INC.
Address: R.R. 2,
Telephone: +1 519-935-2211
Fax: +1 519-935-2174
Website: www.spiplastics.com
Corporate ID#: ON-001888975
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: February
1, 2013
Date founded: November 2, 1978
Stock: -
Value: -
Name of manager: Eric
ROBINSON
History:
A former SPI INDUSTRIES
INC. was incorporated in Ontario on 10-02-1978 under ID# 000397085, and merged
into the new business.
Business:
Plastic mold manufacturer.
SPI is a rotational molding company producing and exporting many
innovative products lines.
Products include Indoor play family entertainment units, landscape
building products, livestock waterers, outdoor playground equipment, custom
rotomolding, and mich more.
Te Company has won a number of awards, the latest being an Award of
Merit from the Ontario Chamber of Commerce.
No name of foreign suppliers.
Staff: 50
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private company.
Management:
Eric ROBINSON is the President, Director and CEO.
Lee NIVEN is a Manager.
(no antecedents available)
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 6,000,000+
The business is said to be
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