MIRA
INFORM REPORT
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Report No. : |
353064 |
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Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
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Name : |
RECYC PHP INC. |
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Registered Office : |
2575 Bd Saint-Joseph, |
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Country : |
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Date of Incorporation : |
27.01.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a manufacturer and exporter of reclaimed items,reclaimed fluff pulp, reclaimed sodium polyacrylate, reclaimed plastic, plastic pellets, rejected sanitary napkins bales and super absorbent pellets. |
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No. of Employee : |
6 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, and electric power, and a top source of US uranium imports. 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 early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-14 and plans to balance the budget by 2015 despite the recent drop in oil prices. 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 and is the world’s fifth-largest oil producer.
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Source
: CIA |
Company name
RECYC PHP INC.
Address: 2575
Bd Saint-Joseph, Drummondville, Quebec J2B 7V4 – Canada
Telephone: +1
819-477-1309
Fax: -
Website: www.recycphp.ca
Corporate ID#: 1163473573
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 01-27-2006
Stock: -
Value: -
Name of manager: Daniel
FORTIN
ACTIVITIES
& OPERATIONS
Business:
Recyc PHP INC. is a manufacturer and exporter of reclaimed
items,reclaimed fluff pulp, reclaimed sodium polyacrylate, reclaimed plastic,
plastic pellets, rejected sanitary napkins bales and super
absorbent pellets.
The company is specialized in the treatment of post-industrial hygiene products
rejects in order to reclaim Fluff Pulp, Sodium Polyacrylate and Plastic Film.
It also provides service of implementation of reclaim system.
Exports to the U.S., South America and Asia.
No name of foreign suppliers available.
Staff: 6
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
SHAREHOLDERS & MANAGERS
Shareholders:
1st shareholder:
Timothy KAUFMAN
2nd shareholder:
Daniel FORTIN
3rd shareholder:
Marie-Claude PARENTEAU
Management:
Daniel FORTIN is the President and CEO.
Graduate from the University of Sherbrooke in 1991
From 2002 to 2006, he was Production Manager at SCA HYGIENE PRODUCTS.
As far as we know, he is not involved in other local corporations.
Mark KAUFMAN is Treasurer.
Subsidiaries And
partnership: None
FINANCIALS
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent an email but no
answer received.
Outside source (Bank) gave
sales estimate for year 2014 is in the range of
CAD 2,000,000=
The business is said to be
profitable.
Banks: Banque de Montreal
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary: None