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Report No. : |
331345 |
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Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
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Name : |
H. L. BLACHFORD LTD |
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Registered Office : |
2323 Yoyal Windsor Drive, Mississauga, Ontario L5J 1K5 |
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Country : |
Canada |
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Year of Establishment : |
1921 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject is engages in the research and development, design,
manufacture, and distribution of metal working fluids for stamping, drawing,
corrosion resistance, and tube/pipe coatings. |
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No. of Employees : |
90 |
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: H. L. BLACHFORD LTEE (in French)
H.
L. BLACHFORD LTD (in English)
Address: 2323 Yoyal Windsor Drive,
Mississauga, Ontario L5J 1K5 – Canada
Telephone: +1
905-823-3200
Fax: +1
905-823-9290
Website: www.blachford.ca
Corporate ID#: 325589
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 10-22-1942
Date founded: 1921
Stock: -
Value: -
Name of manager: John
BLACHFORD
Business:
H.L. Blachford Ltd. engages in the research and development, design, manufacture,
and distribution of metal working fluids for stamping, drawing, corrosion
resistance, and tube/pipe coatings.
It offers Chemdraw stamping, drawing, and hydroforming fluids; stamping
and drawing, fire resistant hydraulic, casting, and corrosion protection
fluids; tube and pipe coatings; machining and grinding products; cleaners;
rolling oils; and hydroforming and additional metal working products.
The company also provides wire drawing lubricants for tire bead
producers; wet lubricants for non-ferrous wire applications; grease and paste
products, and liquid concentrates for emulsions that are used in non-ferrous,
ferrous, and coated-ferrous wire drawing applications; wire pre-coats and
emulsions; lubricants for powdered metals; and low ash content products and
various green lubricants.
In addition, it offers plastics and metallic stearates that are used as
lubricants, internal release agents, heat stabilizers, and process aids in
various plastics applications; metallic stearates that are used in various
industries, including pharmaceutical, cosmetic, inks, concrete, paints,
veneers, sandpaper, grease, and food; anti-tack coatings and process aids; and
acoustical products, including custom-engineer molded, fabricated, and spray-on
vibration dampers, barriers, absorbers, composites, and thermal materials.
Further, the company provides thermal products, including engine compartment
insulators, cab wall insulation, die cut acoustical heat shields, molded heat
shields, thermal barriers, and thermal wraps; and rubber floor mats.
It serves its customers through a network of distributors in Canada and
internationally.
H.L. Blachford Ltd. was founded in 1921 and is based in Mississauga,
Canada.
Brands include Antivibe, Barymat, Barycast, Conasorb, Ferrocote, Draw,
Quakerol, Microgrind, Microlubric, Chemdraw, Multidraw, Calford, Rubbercoat, Chemlube…
The Company exports worldwide.
Staff: 90
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office.
The Company maintains a
branch located:
1010 Rue Sherbrooke Ouest,
Ste 1800
Montreal, Quebec H3A 2R7 -
Canada
Shareholders:
1st shareholder:
John BLACHFORD (+50%)
2333 Rue Sherbrooke Ouest
Montreal, Quebec H3H 2T6
2nd shareholder:
BLACHFORD FAMILY 2000
2333 Rue Sherbrooke Ouest
Montreal, Quebec H3H 2T6
Management:
John BLACHFORD is the President, Director and CEO.
Graduate from McGill University in 1963 with a BEeng PhD in Chemical
Engineering and Chemistry.
David McCOY is Secretary.
Subsidiaries
And partnership:
BLACHFORD INCORPORATED
1400 Nuclear Drive
West Chicago, IL 60185 U.S.A.
BLACHFORD CORPORATION
401 Center Rd
Frankfort, IL 60423 U.S.A.
707 Broadview Drive
Kings Mountain, NC 28086 U.S.A.
BLACHFORD AM LTD
355 Pinebush Rd
Cambridge, Ontario N1T 1B2 Canada
In United States and
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 25,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
Several