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Report No. : |
331208 |
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Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
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Name : |
SINOCO PRODUCTS INC. |
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Registered Office : |
4085 Rue Lavoisier, Boisbriand, Quebec J7H 1N1 |
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Country : |
Canada |
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Date of Incorporation : |
04.08.2006 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Manufacturer and Distributor of Moulded and Fabricated High-Density
Polyethylene (HDPE) Fittings. Products include IPS Electrofusion Fittings, IPS Butt Fusion
Fabricated fittings, IPS Socket Fusion Fittings, IPS Pipe, and more. |
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No. of Employees : |
20 |
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.
|
Source
: CIA |
Your order on: RMB IMPORT/EXPORT
The correct name is:
Company name: LES PRODUITS SINOCO INC. (in
French)
SINOCO
PRODUCTS INC. (in English)
Headquarters: 4085 Rue Lavoisier,
Boisbriand, Quebec J7H 1N1 – Canada
Telephone: +1 450-430-7117
Fax: +1 450-430-0184
Website: www.sinoco.ca
Corporate ID#: 4378423
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: August
4, 2006
Stock: -
Value: -
Name of manager: Martin
LAMARRE
Business:
Sinoco Products Inc. is a manufacturer and distributor of moulded and fabricated high-density polyethylene (HDPE) fittings.
Products include IPS electrofusion fittings, IPS Butt Fusion Fabricated
fittings, IPS Socket Fusion fittings, IPS pipe, and more.
Since September 3, 2013, the Company is also doing business as RMB
IMPORT/EXPORT.
Foreign suppliers include:
SKAPS INDUSTRIES INDIA PVT LTD
PLOT NO. A-20, SURVEY NO. 423, MAHAGUJARAT
INDUSTRIAL ESTATE, AHMEDABAD - BAVLA HIGHWAY, VILL. MORA, AHMEDABAB INDIA
Staff: 20
Operations & branches:
At the headquarters, we
find a factory office.
The Company maintains its
warehouse located:
4240 Rue Marcel-Lacasse
Boisbriand, Quebec J7H 1N3 –
Shareholders:
1st
shareholder: (+50%)
GESTION UNFOR INC.
4085 Rue Lavoisier, Boisbriand, Quebec J7H 1N1
2nd shareholder :
FIDUCIE MARTIN LAMARRE
20 Rue de Josselin, Blainville, Quebec J7B 1X8
Management:
Martin LAMARRE, President, Director and CEO
Benoit LEDUC, Vice President
Richard THEORET, Secretary.
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, Martin
LAMARRE controlled the present report.
However, sales declared for
year 2014 is in the range of CAD 5,000,000=
The business is profitable.
Banks: Banque de Montreal
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None