|
Report No. : |
306639 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACIER PROFILE S.B.B. INC. |
|
|
|
|
Registered Office : |
3005 Rue des Batisseurs, Terrebonne, Quebec J6Y 0A2 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
17.12.1973 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Manufactures Plate Work, and Fabricated Structural Products, and
Bolts. |
|
|
|
|
No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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: 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
Stock: -
Value: -
Name of manager: OCTAVE
BELLAVANCE
Business:
The Company manufactures plate work, and fabricated structural products,
and bolts.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
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.