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Report No. : |
348544 |
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Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BRAMPTON ENGINEERING INC |
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Registered Office : |
8031 Dixie Road, Brampton, Ontario L6T 3V1 |
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Country : |
Canada |
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Date of Incorporation : |
13.03.1974 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engages in the design and engineering of 5–11 layer blown
film lines for barrier applications in the food, medical, and industrial
packaging industries |
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No. of Employees : |
130 |
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 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. 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: BRAMPTON ENGINEERING INC
Address: 8031 Dixie Road, Brampton, Ontario
L6T 3V1 - Canada
Telephone: +1
905-793-3000
Fax: +1 905-793-1753
Website: www.be-ca.com
Corporate ID#: ON-0001683535
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 12-31-2005
Date founded: 03-13-1974
Stock: -
Value: -
Name of manager: Gary
HUGHES
Business:
Brampton Engineering, Inc. engages in the design and engineering of 5–11
layer blown film lines for barrier applications in the food, medical, and
industrial packaging industries.
The company offers AeroFrost, an air cooled blown film coextrusion
system up to 11-layers; and AquaFrost, a water quenched blown film coextrusion system
up to 11-layers for the clearest thermo-formable barrier film. It also offers
streamlined coextrusion die (SCD) equipment; FlexSTACK SCD, a compact version
of the SCD; FlexWIN, a center-surface-combo gap film winders; ITALYCS-5, a
computerized line management system; isotherm die temperature isolation
technology; I-Flex, a series of automatic gauge control systems; and eCool
internal bubble cooling systems. In addition, the company offers project
management, rheology consultation, and spare parts and support services.
It serves customers through agents and its sales team in Greece, the
United States, China, Canada, Argentina, Australia, Benelux, Belgium, Central
America, Colombia, France, Indonesia, Israel, Japan, Korea, México, Perú, the
Russian Federation, Scandinavia, Thailand, the United Kingdom, and Vietnam.
Brampton Engineering, Inc. was founded in 1974 and is headquartered in
Brampton, Canada.
The Company exports worldwide.
Staff: 130
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Gary HUGHES has been the Chief Executive Officer and President of
Brampton Engineering, Inc., since December 2013.
With a strong manufacturing and engineering background, Mr. Hughes has a
long and successful career in plastics as well as packaging and printing-based
capital equipment industries. He served as Director Global Packaging with
Muller Martini, and served as the President and Chief Executive Officer of
Muller Martini Canada Inc. He also spent 16 years with Husky Injection Molding,
where he was responsible for a number of businesses over the years; this
includes four years, where he started and ran Husky’s Advanced Manufacturing
Center, where the emphasis was on Husky’s development commercialization,
quality initiatives and processing efficiency.
Dean MASTANTUONO is Vice President and 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 and gave sales for year 2014
is in the range of CAD 30,000,000+
The business is profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None