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Report No. : |
325010 |
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Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
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Name : |
KRONOS CANADA INC. |
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Registered Office : |
1255 University Street, Ste 1102, Montreal, Quebec H3B 3W7 |
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Country : |
Canada |
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Date of Incorporation : |
06.07.1936 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Manufacture, importer and exporter of chemical products, including
colors and pigments. |
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No. of Employee : |
330 (as of 12-31-2014) |
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, 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 |
KRONOS CANADA INC.
Address: 1255 University Street, Ste 1102, Montreal,
Quebec H3B 3W7
Canada
Telephone: +1 514-397-3501
Fax: +1 514-393-1186
Website: www.kronostio2.com
Corporate ID#: 2420376
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: July 6, 1936
Stock: -
Value: -
Name of manager: Serge
PAYETTE
Business:
The Company is manufacture, importer and exporter of chemical products,
including colors and pigments.
Exports to South and Central America.
No name of foreign suppliers available.
Staff: 330 (as of 12-31-2014)
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains a large factory located:
3390 Route Marie Victorin
Varennes, Quebec J3X 1P7
Shareholders:
KROS WORLDWIDE INC.
5430 LBJ Freeway, Ste 1700,
Dallas, TX 75240 - USA
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments
(TiO2) worldwide. The company produces TiO2 in two crystalline forms, rutile
and anatase to impart whiteness, brightness, opacity, and durability for
products, including paints, coatings, plastics, paper, fibers, and ceramics, as
well as for various specialty products, such as inks, food, and cosmetics.
Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
Management:
Serge PEYETTE, President and CEO
Joseph MAAS, Sr. Vice President
Gregory M. SWALWELL, Vice President and CFO
Robert D. GRAHAM, Vice President
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.
From the 10K of the parent
company, we noted the following financials concerning KRONOS CANADA INC.
Sales 2012: USD
339,100,000=
Sales 2013: USD 246,500,000=
Sales 2014: USD
252,300,000=
Banks: HSBC Bank
Scotia Bank
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several