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Report No. : |
304447 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
PRECISION ELECTRONICS CORPORATION |
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Registered Office : |
70 Bartor Road, North York Ontario M9M 2G5 |
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Country : |
Canada |
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Date of Incorporation : |
03.06.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturing high quality industrial and military potentiometers |
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No. of Employee : |
60 |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
PRECISION ELECTRONICS
CORPORATION
Address: 70 Bartor Road, North York? Ontario
M9M 2G5 - Canada
Telephone: +1 416-744-8840
Fax: +1 416-744-6545
Website: www.precisionelectronics.com
Corporate ID#: ON-001661978
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: June 3,
2005
Stock: -
Value: -
Name of manager: Rudi BOTH
Business:
The Company has been manufacturing high quality industrial and military
potentiometers since 1951, supplying many of the world's leading aerospace,
communications and industrial OEM's and the after-markets.
Its military-style units feature all-metal housings, stainless-steel shafts and
gold-plated terminals.
For over 30 years, Precision has had its products listed on the U.S.
Government's Qualified Products List.
Member of the Alliance of Manufacturers & Exporters Canada.
No name of foreign suppliers available.
Staff: 60
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Rudi BOTH is the President, Director and CEO.
(no antecedents available)
Linda PHILLIPS is the CFO.
As far as we know, they are 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 but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
CAD 8,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None