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Report No. : |
345728 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
MULTIMATIC INC. |
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Registered Office : |
300 Basaltic Road, |
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Country : |
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Date of Incorporation : |
03.09.1985 |
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Legal Form : |
Ontario Corporation – Profit |
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Line of Business : |
Manufactures stampings, welded assemblies, mechanisms, and suspension
components. |
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No. of Employee : |
1,000+ |
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 |
Your order on: ANTON MFG WAREHOUSE
8871 Keele Street, Concord, Ontario L4K 2N1 –
Canada
Ph: +1 905-761-6837
This is a branch of:
Company name: MULTIMATIC
INC.
Address: 300 Basaltic Road,
Concord, Ontario L4K 4Y9 - Canada
Telephone: +1
905-879-0500
Fax: +1 905-879-0501
Website: www.multimatic.com
Corporate ID#: 001775584
State: Ontario
Judicial form: Ontario Corporation – Profit
Date incorporated: August
1, 2008
Date founded: September 3, 1985
Stock: --
Value: --
Name of manager: Peter
CZAPKA
Business:
Multimatic, Inc. manufactures stampings, welded assemblies, mechanisms,
and suspension components.
It also designs and develops automotive body/chassis systems.
The company offers vehicle closure hardware systems; door, hood, trunk,
liftgate/decklid, and sliding hinge systems; closure checking, assist, and
power devices; suspension components, modules, and sub-systems; I/P structures,
and integrated stamped and welded vehicle sub-systems;
composite products for automotive OEMs, motorsports teams, motorcycle
manufacturers, and performance aftermarket parts suppliers; stamped, profile,
cast, and forged hinge systems; body and chassis components, assemblies, and
systems for vehicle manufacturers; and bumpers and chassis/body structural
components.
It also provides design, engineering,
analysis, prototyping, and testing services; vehicle and suspension engineering,
development, and testing services; and contract services to corporate
divisions, and automotive OEM’s and suppliers. The company supplies components,
systems, and services to the automotive industry in Canada and internationally.
Multimatic, Inc. was founded in 1985 and is
headquartered in Markham, Canada. It has facilities in Toronto, Canada;
Detroit, Michigan; Butler, Indiana; Queretaro, Mexico; Thetford and Coventry,
United Kingdom; Goteborg, Sweden; Koln, Germany; Tokyo, Japan; and Fujian, China.
Staff: 1,000+
Operations & branches:
At above address, we find a large factory, warehouse and office, owned.
Shareholders:
This is a private company.
Management:
Peter CZAPKA, President and CEO
Larry HOLT, Vice President of engineering
Subsidiaries
And partnership:
Multimatic Ltd.
Shakespeare House, 42 Newmarket Road,
Cambridge, CB5 8EP
UK
Multimatic Indiana, Inc.
USA
and others
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is excess of CAD 100,000,000=
The business is said to be
profitable.
Banks: Royal Bank of Canada
HSBC
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: Several
Trade references:
Date reported: September 2015
High credit: CAD 35,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Office supply
Paying status: On terms
Date reported: September 2015
High credit: CAD 1,200,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Payroll
Paying status: As agreed
Date reported: September 2015
High credit: CAD 2,000
Now owing: 0
Past due: 0
Last purchase: August 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit risk.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
regular business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.15 |
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1 |
Rs.100.53 |
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Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.