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Report No. : |
339630 |
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Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
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Name : |
B.S.B. MFG. LIMITED |
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Registered Office : |
596 Arvin Avenue, Stoney Creek, Ontario L8E 5P1 |
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Country : |
Canada |
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Year of Establishment : |
1977 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures of Aluminum and Alloy Fabricated Metals. |
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No. of Employees : |
30 |
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: BSB MANUFACTURING LIMITED
The correct name is:
Company name: B.S.B. MFG. LIMITED
Address: 596 Arvin Avenue, Stoney Creek,
Ontario L8E 5P1 - Canada
Telephone: +1
905-643-0101
Fax: +1 905-643-0110
Website: www.bsbmfg.com
Corporate ID#: 000560257
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 09-30-1983
Date founded: 1977
Stock: -
Value: -
Name of manager: Bill
BHOGAL
Business:
The Company manufactures aluminum and alloy fabricated metals.
Clients include Delphi, TRW Automotive, John Deere, and others.
Office of the Foreign
Assets Control (OFAC):
The company is not listed on the OFAC list.
The Specially Designated Nationals (SDN) List is a publication of OFAC
which lists individuals and organizations with whom United States citizens and
permanent residents are prohibited from doing business.
No name of foreign suppliers available.
Staff: 30
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, on
65,000 sq. feet, owned.
Shareholders:
This is a BHOGAL family
owned and managed Company.
Management:
Paul BHOGAL is the President (retired).
Narinder BHOGAL is the Director and CEO.
Graduate from McMaster University in 1994 in Mechanical Engineering.
Present here since January 1995.
Paul BHOGAL is in charge of Marketing and Finance.
Nindi BHOGAL is the Export Manager.
Subsidiaries and partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
Secretary controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 5,000,000=
The business is said to be
profitable.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None