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Report No. : |
308490 |
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Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PINACLE STAINLESS STEEL INC. |
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Registered Office : |
4665 Rue Cousens, Montreal, Quebec H4S 1X5 |
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Country : |
Canada |
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Date of Incorporation : |
16.01.1987 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Distributor of stainless steel industrial plumbing and fluid handling
products. |
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No. of Employee : |
60 + part time |
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: ACIER ONOXYDABLE PINACLE INC. (in French)
PINACLE STAINLESS STEEL INC. (in English)
Address: 4665 Rue Cousens, Montreal, Quebec
H4S 1X5 - Canada
Telephone: 1
514-745-0360
Fax: +1 514-745-0387
Website: www.pinacle.ca
Corporate ID#: 1144600005
State: Quebec
Judicial form: Corporation – Profit
Date incorporated: 05-10-1995
Date founded: 01-16-1987
Stock: -
Value: -
Name of manager: John
GOUGH
Business:
PinAcle Stainless Steel Inc. operates as a distributor of stainless
steel industrial plumbing and fluid handling products.
It offers stainless steel pipes, tubes, fittings, valves, hangers, and
fasteners.
Suppliers include:
ZHEJIANG STELLAR PIPE INDUSTRY CO LTD
INDUSTRIAL PARK, XIAOZHI, QINGTIAN 323900, ZHEJIANG CHINA
Staff: 60 + part time
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains
branches located:
7007 54th Street
SE
Calgary, Alberta
455 Ambassador Drive
Mississauga, Ontario
484 Adelard Savoie Bld
Dieppe, New Brunswick
3603 Milar Avenue
Saskatoon, Saskatchewan
Shareholders:
3097-4729 QUEBEC INC.
4665 Rue Cousens, Montreal, Quebec H4S 1X5 – Canada
Incorporated in Quebec on 03-15-1994
ID# 1140175432
Management:
John GOUGH is the President, Director and CEO
As far as we know, he is involved in other corporations, including:
3097-4729 QUEBEC INC.
4665 Rue Cousens, Montreal, Quebec H4S 1X5 – Canada
9255-0813 QUÉBEC INC.
4665 Rue Cousens, Montreal, Quebec H4S 1X5 – Canada
6525717 CANADA INC.
2405-220 - 12th Avenue SE, Calgary, Alberta T2G 0R5 - Canada
and others.
Marc HEBERT is Secretary and Treasurer
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.
Outside sources (bank) gave
revenue for year 2014 up to CAD 45,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
Scotia Bank
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None