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Report No. : |
354576 |
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Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
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Name : |
FROMMELT INDUSTRIES OF CANADA INC. |
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Registered Office : |
181 Regina Road, Vaughan, Ontario L4L 8M3 |
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Country : |
Canada |
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Date of Incorporation : |
01.06.1986 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Subject as a partner in the Rite Hite Enterprise, has been the world leader in dock seals and shelters since 1951. · Its products offer the superior quality you expect while featuring our innovative and exclusive designs that solve the problems others cannot. · Subject’s longstanding reputation for quality and innovation has expanded through the constant introduction of unique new products. · Examples include the ELIMINATOR™ GAPMASTER™ Sealing Shelter; the RainGuard™ Header Seal; and the PitMaster™ Underleveler Seal. |
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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 – 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: FROMMELT INDUSTRIES OF CANADA INC.
Address: 181 Regina Road, Vaughan,
Ontario L4L 8M3 - Canada
Telephone: +1
905-850-2155
Fax: +1 905-850-3266
Website: www.frommelt.ca
Corporate ID#: ON-001008322
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: December
1, 1992
Date founded: June 1, 1986
Stock: -
Value: -
Name of manager: Joe
DI BIASE
History:
A former FROMMELT
INDUSTRIES OF CANADA INC. was incorporated in Ontario on
June 1, 1986 under ID# 000668760, merged into the new FROMMELT
INDUSTRIES OF CANADA INC. on December 1, 1992
Business:
Frommelt Industries of Canada, Inc., as a partner in the Rite Hite Enterprise,
has been the world leader in dock seals and shelters since 1951.
Its products offer the superior quality you expect while featuring our
innovative and exclusive designs that solve the problems others cannot.
Frommelt’s longstanding reputation for quality and innovation has
expanded through the constant introduction of unique new products.
Examples include the ELIMINATOR™ GAPMASTER™ Sealing Shelter; the
RainGuard™ Header Seal; and the PitMaster™ Underleveler Seal.
Frommelt expertise in Canada has expanded to include the design and
manufacturing of high quality loading dock accessories, area protection, energy
saving and safety products in its Vaughan, Ontario, Canada facility.
Suppliers include:
Qingdao Xinquan Industrial Products
Huangshan Industrial Park of Qingdao Jiaonan, China
Staff: 23
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
This is a private Company.
Management:
Joe DI BIASE is the President and CEO
As far as we know, he is 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
2014 is in the range of CAD 2,600,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
6140 Highway 7, Woodbridge, Ontario
L4H 0R2
Ph: 905-856-5515
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None