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Report No. : |
315915 |
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Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
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Name : |
WATTMAN TRAINS & TRAM INC |
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Registered Office : |
828 Bd Industrial, Granby, Quebec J2J 1A4 |
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Country : |
Canada |
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Date of Incorporation : |
27.04.1990 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Develops and Manufactures of Wooden Trackless Electric Trains and
Trams. |
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No. of Employees : |
23 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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.
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Source
: CIA |
Company name: TRAINS & TRAMS WATTMAN INC (in French)
WATTMAN TRAINS & TRAM INC (in English)
Address: 828
Bd Industrial, Granby, Quebec J2J 1A4 - Canada
Telephone: +1
450-378-3333
Fax: +1 450-378-3334
Website: www.wattman.ca
Corporate ID#: 1143820208
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 04-27-1990
Stock: -
Value: -
Name of manager: Renaud
LAROUCHE
Business:
Wattman develops and manufactures wooden trackless electric trains and
trams, specially for the transportation of up to 20 people.
The zoo train is designed for intensive use in zoos and the Mini-Express
mall train for malls, theme parks, family entertainment centers and special
events. The Mini-Express Trackless train is a quiet, safe and environmentally
friendly electric train.
Wattman is the only mall train manufacturer that designs and
manufactures its own trackless power train.
Foreign suppliers
include:
GUANGDONG MARSHELL ELECTRIC VEHICLE CO., LTD.
LINJIANG INDUSTRIAL AREA ZHAOQING, GUANGDONG, CHINA
Staff: 23
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains a
factory located:
4590 Rue Hochelaga
Montreal, Quebec H1V 1C5
was a former location.
Shareholders:
1st shareholder
(+50%):
INVESTISSEMENTS MYRIAM INC.
5551 Chemin McFarland,
Sherbrocke, Quebec J1N 0E4
2nd shareholder:
GESTION DE VOUVRAY LTEE
828 Bd Industrial, Granby, Quebec J2J 1A4
Management:
Renaud LAROUCHE, President
Graduate from HEC Montreal in Business and Finance
Pierre PARROT, Vice President, Secretary and Treasurer
Michel TROTTIER, Sales 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.
We sent a fax but no answer
received.
Sales declared for year
2014 is in the range of USD 1,800,000=
The business is said to be
profitable.
Banks: Banque de Montreal
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None