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Report No. : |
306639 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ACIER PROFILE
S.B.B. INC. |
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Registered Office : |
3005 Rue des Batisseurs, |
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Country : |
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Date of Incorporation : |
17.12.1973 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Engaged in manufacturing of all kind of metal products Subject is specialize in industrial subcontracting, in
fields as diverse as building structures, anchors, power substations
structures, telecom and electric towers. Engaged
in manufacturing structures & complex oversized structural elements for
the energy, mining & civil engineering sector. Subject
also supply heavy equipment, custom made, for various industries. |
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No of Employees : |
100 |
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
|
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: ACIER PROFILE S.B.B. INC.
Address: 3005 Rue des Batisseurs,
Terrebonne, Quebec J6Y 0A2 – Canada
Telephone: +1 450-968-0800
Fax: +1 450-968-0050
Website: www.sbb.ca
Corporate ID#: 1141182478
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 12-17-1973
Name of
manager: Octave BELLAVANCE
Business:
Engaged in manufacturing of
metal products of all kinds, made to customers specifications.
Subject is specialize in industrial subcontracting, in fields as diverse as building structures, anchors, power substations structures, telecom and electric towers.
Engaged in manufacturing structures & complex oversized structural elements for the energy, mining & civil engineering sector.
Subject also supply heavy equipment, custom made, for various industries.
No name of foreign suppliers available.
It is said that the Company exports to USA, Mexico, Japan, Iran, Colombia…
Staff: 100
Operations & branches:
At the
headquarters, we find a factory, warehouse and office, on
80,000 sq.
foot, owned.
The Company maintains a branch located:
855 Bd Industrial
Terrebonne, Quebec J6Y 1V7
Canada
Shareholders:
1st shareholder:
Octave BELLAVANCE
335 Rue Northcote, Rosemere, Quebec J7A 1X4 – Canada
2nd shareholder:
Patrick BELLAVANCE
402 Rue du Clos-du-Meunier, Prevost, Quebec J0R 1T0 – Canada
3rd shareholder:
Fiducie Familiale Patrick Bellavance
402 Rue du Clos-du-Meunier, Prevost, Quebec J0R 1T0 – Canada
Management:
Octove BELLAVANCE, President
Patrick BELLAVANCE, Vice President and CEO
Francois ROCHON, CFO
As far as we know,
they are involved in other corporations, including:
GESTION ACIER PROFILE S.B.B. INC.
3005 Rue des Batisseurs, Terrebonne, Quebec J6Y 0A2 – Canada
In Canada,
privately held corporations are not required to publish any financials.
On a direct
call, a financial assistant controlled the present report but deferred any
financials.
We sent a
fax but no answer received.
However,
sales estimate for year 2014 is in the range of CAD 25,000,000=
The
business is said to be profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date
reported: January 2015
High
credit: CAD 20,000
Now owing: 0
Past due: 0
Last
purchase: December 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: January 2015
High
credit: CAD 150,000
Now owing: 0
Past due: 0
Last
purchase: December 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: January 2015
High
credit: CAD 600
Now owing: 0
Past due: 0
Last
purchase: December 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
maintains a regular business.
The Company
is in good standing.
This means that
all local and federal taxes were paid on due date.
Last report
was filed on 03-27-2014.
The risk is
low.
Our opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.14 |
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UK Pound |
1 |
Rs.95.78 |
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Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
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.