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MIRA INFORM REPORT
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Report No. : |
484656 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
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Name : |
QUICKMILL INC |
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Registered Office : |
760 Rye Street Peterborough, ON Canada K9J 6W9 |
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Country : |
Canada |
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Date of Incorporation : |
1984 |
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Legal Form : |
Incorporated Company |
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Line of Business : |
Subject manufactures CNC
gantry and bridge-type milling and drilling machining centers for the metal
cutting industry. |
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No. of Employees : |
70 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC OVERVIEW
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. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
QUICKMILL INC |
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TradeName: |
QUICKMILL |
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ID: |
NA |
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Date Created: |
1984 |
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Date Incorporated: |
NA |
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Legal Address: |
760 Rye Street Peterborough, ON Canada K9J 6W9 |
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Operative Address: |
760 Rye Street Peterborough, ON Canada K9J 6W9 |
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Telephone: |
1-705-745-2961 1-800-295-0509 |
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Fax: |
1-705-745-8130 |
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Legal Form: |
INCORPORATED COMPANY |
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Email: |
info@quickmill.com |
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Registered in: |
ONTARIO |
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Website: |
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Contact: |
Gord Buchholz |
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Staff: |
70 |
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Activity: |
NAICS 1: Machine Tool Manufacturing NAICS 2: Cutting Tool and Machine Tool Accessory
Manufacturing SIC 1: Machine Tools, Metal Cutting Type SIC 2: Milling Machine Attachments (Machine Tool
Accessories) |
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Banks: |
ROYAL BANK OF CANADA |
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The Company does not make its banking details
public |
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History: |
The company was founded in 1984
and is based in Peterborough, Canada. As of March 26, 2007, Quickmill, Inc.
is a subsidiary of Batliboi, Ltd. |
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PRINCIPAL
ACTIVITY
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Quickmill, Inc. manufactures
CNC gantry and bridge-type milling and drilling machining centers for the
metal cutting industry. |
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Products/Services description: |
It offers rotary indexers and twin
spindle machines, as well as parts and preventative maintenance services. The
company also serves energy, structural steel, job shops, aerospace, heavy
equipment, pulp and paper, automotive, mould and die, water treatment, dairy
and food, machine man, and gauge and measurement industries. Products: Gantry Machining Centers Bridge Machining Centers Turnkey and Custom Machines Services: Technical Support Team Preventative Maintenance Retrofit / Remanufacturers Training Programs Machine Moves |
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Brands: |
Eliminator Annihilator Quickdrill III Intimidator Eliminator R Excalibur |
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Sales are: |
Retail |
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Clients: |
Major clients: - Alfa-Laval - Canron - Caterpillar - Dunham-Bush - Komatsu-Dresser - Carrier |
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Suppliers: |
Shenyang Machine Tool China New Gifu Enterprise Co.,Ltd.Taichun Taiwan Valmont Monterrey S. De R.L. De C. Mexico |
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Operations area: |
It offers products through
distributors/agents in Canada, the United States, Argentina, Brazil, Peru, Chile,
Colombia, Venezuela, Egypt, India, Mexico, and Saudi Arabia. |
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The company imports from |
Afghanistan Algeria Bahrain Bangladesh Bhutan Brunei Darussalam Cambodia China Cyprus Egypt Germany Hong Kong Hungary India Indonesia Iran, Islamic Republic of Iraq Israel Italy Japan Jordan Kazakhstan Korea, Democratic People's Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People's Democratic Republic Lebanon Macao Malaysia Mongolia Nepal Oman Pakistan Philippines Qatar Russian Federation Saudi Arabia Singapore Sri Lanka Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Thailand Turkey Turkmenistan United Arab Emirates United Kingdom Uruguay Uzbekistan Viet Nam Yemen Alaska Arizona California Connecticut Delaware District of Columbia Georgia Hawaii Idaho Iowa Kansas Kentucky Maine Maryland Mississippi Montana Nebraska Nevada New Hampshire New Mexico North Dakota South Carolina South Dakota Tennessee Vermont West Virginia Wyoming |
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The company exports to |
Argentina Brazil Mexico United States Venezuela, Bolivarian Republic of Alabama Arkansas Colorado Florida Illinois Indiana Louisiana Massachusetts Michigan Minnesota Missouri New Jersey New York North Carolina Ohio Oklahoma Oregon Pennsylvania Rhode Island Texas Utah Virginia Washington Wisconsin |
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The subject employs |
70 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
760 Rye Street Peterborough, ON Canada K9J 6W9, CANADA |
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Comments: |
NA |
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Branches: |
The company does not have branches |
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Related Companies: |
AESA Air Engineering SA, 78, Faubourg des Vosges, 68804, THANN, Cedex France T : +33.389.383. 434, +33.389.379 706 E : aesa.fr@aesa-ae.com Group Companies Batliboi International Ltd., Dubash House, 15 JN Heridia
Road, Ballard Estate, Mumbai – 400 001 T: +91.22.6153 0111 F: +91.22.6153 0199 E : international@batliboi.com Batliboi Impex
Ltd., Dubash House, 15 JN Heridia
Road, Ballard Estate, Mumbai – 400 001 T: +91.22.6153 0111 F: +91.22.6153 0199 E : sales.impex@batliboi.com Batliboi Environmental Engineering Ltd. Plot No B – 29, 18 – S – Road, Wagle Estate, Thane – 400 604 T : +91.22.2583 3372 E : beel.bom@batliboi.com Batliboi enXco Pvt. Ltd. No.28 ( N.P) T.V.K. Industrial Estate, Ekkaduthangal, Guindy, Chennai – 600 032 T : +91.44.4207 0835 / 4217 2094 E : jakkula.srikanth@batliboienxco.com; Spartan Electricals, Plot No B – 29, 18 – S – Road, Wagle Estate, Thane - 400 604 T : +91.22.2583 3372, 2583 7245, 2583 7246 F : +91.22.2583 3312 E : sales.spartan@batliboi.com Offices Mumbai (Air Engineering, Machine Tools) Bharat House, 5th Floor, 104 Bombay Samachar
Marg, Fort, Mumbai – 400 001. T : +91.22.6637 8200 F : +91.22.2267 5601 (Environmental Engineering, Machine Tools) Plot No B – 29, 18 – S – Road, Wagle Estate, Thane – 400 604 T : +91.22.2583 3372 E : beel.bom@batliboi.com E : mt@batliboi.com Surat Surat Navsari Road, Udhna – 394 220, Surat T : +91.261.289 0551 F : +91.261.289 0832 E : mtusales.udh.com Pune (Machine Tools) 63 – 64 Tapasvi Plaza, Akrudi Chowk, Old Pune-Mumbai Highway, Chinchwad, Pune - 411 019 Sales : 99230
09898 ; E : siddu.nironi@batliboi.com Service : 99230 09895 ; E : bmtgservice.pun@batliboi.com Pune (Environmental Engineering) # 3, Savitri Apartment, Opp. Dr. Beck & Co. Kharalwadi , Pimpri, Pune - 411 018, T: +92.20.2742 0568 Sales : 98903 80026 Chennai No.28 ( N.P) T.V.K. Industrial Estate, Ekkaduthangal, Guindy, Chennai – 600 032 Sales : 0996215 8157 Coimbatore Batliboi House, No. 6, Kasturi Nagar, Ondipudur, Coimbatore - 641 016 T : +91.422. 227 0333 Tirupur Ceeluck Compound, 577/1, Palladam Road, Veerapandy(Post) Tirupur 641
605 T : +91. 421. 434 6228 F : +91.421 2215780 Hyderabad Golden Green Apartments, Flat No. 605, Erram Manzil Colony, Panjagutta, Hyderabad – 500 082 T : +91.40.6455 6433 Sales : 97034 45070 ; E : kiran.kumar@batliboi.com Service : 98855 53108 Faridabad 3-4 SCF 2nd Floor, Ashoka Enclave - 1, Sector 34, Faridabad - 121003 T : +91.129 4162500 Telefax: +91.129 4063500 New Delhi 202-203, Deep Shikha Building, 8, Rajendra Place, New Delhi - 110 008 T : +91.11.2575 1456 / 57 E :
btmg.del@batliboi.com Ludhiana Super House, G.T. Road, Millerganj, Ludhiana - 141 003 T : +91.161.253 0340 / 0085 F : +91.161.253 0888 Kolkata 4th Floor, No.7, KYD Street, Kolkata -
700 016 T :+91.33.222 75701 F :+91.33.222 75700 Sales : 98301 08444 E : nepal.bose@batliboi.com |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Quickmill, Inc. is a subsidiary
of: Batliboi, Ltd. Mumbai ( Corporate & Registered Office) Bharat House, 5th Floor, 104 Bombay Samachar
Marg, Fort, Mumbai – 400 001. |
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Management: |
Mr. Gordon Buchholz Chief Executive Officer and President Mr. David Piggott Founder, Vice President of Technology and Director Mr. Joseph W. Lipsett Consultant and Director Mr. Peter Offierski Director of Sales |
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FINANCIAL
INFORMATION
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The company does not make its financial statements public.
The following information was provided by private sources: |
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USD 2016 / Estimated / |
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Revenue |
7 000 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Cushioned support
platform Patent number:
8770567 Abstract: A work
piece supporting device is disclosed for limiting vibrations caused by work
piece processing. The device comprises a base portion having a plurality of
openings therein. Each opening forms a well with an inner boundary and a
peripheral surface extends therefrom. A plurality of elongate supports are
each arranged to be located in a corresponding well for supporting the work
piece when positioned above the base portion. A resilient support is
positioned in the well between the inner boundary and the elongate support.
The elongate support is movable between a first position in which the
resilient support is in a relatively less compressed configuration to a
second position in which the resilient support is in a relatively more
compressed configuration. Type: Grant Filed: October 6,
2010 Date of Patent:
July 8, 2014 Assignee: Quickmill
Inc. Inventors: David C
Piggott, Gordon Buchholz Clamping device Patent number:
8360406 Abstract: Disclosed
herein is a securing device for plate-like work pieces, comprising a body
member and an anchor member, the body member having a first end and a second
end, the first end having an engagement portion, a biasing member to basis
the body member laterally within a plurality of aligned openings in said work
pieces and biasing the engagement portion past the openings, the engagement
portion having an operative surface to engage an outer surface on a first
outer work piece, the body member including a threadable portion, the anchor
member being operable to engage an outer surface on a second outer work
piece, the anchor member including a threaded member to engage the threadable
portion, the threaded member be rotationally operational to draw the body
member toward the anchor member. Type: Grant Filed: April 24,
2012 Date of Patent:
January 29, 2013 Assignee:
Quickmill, Inc. Inventor: David C.
Piggott CLAMPING DEVICE Publication number:
20120205849 Abstract: Disclosed
herein is a securing device for plate-like work pieces, comprising a body
member and an anchor member, the body member having a first end and a second
end, the first end having an engagement portion, a biasing member to basis
the body member laterally within a plurality of aligned openings in said work
pieces and biasing the engagement portion past the openings, the engagement
portion having an operative surface to engage an outer surface on a first
outer work piece, the body member including a threadable portion, the anchor
member being operable to engage an outer surface on a second outer work
piece, the anchor member including a threaded member to engage the threadable
portion, the threaded member be rotationally operational to draw the body
member toward the anchor member. Type: Application Filed: April 24,
2012 Publication date:
August 16, 2012 Applicant:
QUICKMILL, INC. Inventor: David C.
PIGGOTT Cushioned Support
Platform Publication number:
20120207562 Abstract: A work
piece supporting device is disclosed for limiting vibrations caused by work
piece processing. The device comprises a base portion having a plurality of
openings therein. Each opening forms a well with an inner boundary and a
peripheral surface extends therefrom. A plurality of elongate supports are
each arranged to be located in a corresponding well for supporting the work
piece when positioned above the base portion. A resilient support is
positioned in the well between the inner boundary and the elongate support.
The elongate support is movable between a first position in which the
resilient support is in a relatively less compressed configuration to a
second position in which the resilient support is in a relatively more
compressed configuration. Type: Application Filed: October 6,
2010 Publication date:
August 16, 2012 Applicant:
Quickmill Inc. Inventors: David C.
Piggott, Gordon Buchholz Clamping device Patent number:
8177204 Abstract: Disclosed
herein is a securing device for plate-like work pieces, comprising a body
member and an anchor member, the body member having a first end and a second
end, the first end having an engagement portion, a biasing member to basis
the body member laterally within a plurality of aligned openings in said work
pieces and biasing the engagement portion past the openings, the engagement
portion having an operative surface to engage an outer surface on a first
outer work piece, the body member including a threadable portion, the anchor
member being operable to engage an outer surface on a second outer work
piece, the anchor member including a threaded member to engage the threadable
portion, the threaded member be rotationally operational to draw the body
member toward the anchor member. Type: Grant Filed: March 18,
2009 Date of Patent: May
15, 2012 Assignee:
Quickmill, Inc. Inventor: David C.
Piggott Clamping device Patent number:
7972095 Abstract: A temporary
securing device for plate-like work pieces includes a split body and an
anchor segment, the split body has a resiliently compressible biasing member
to allow an outer diameter of the split body to contract allowing passage
within a plurality of openings in the work pieces, the split body has an
engagement portion near a first end, the engagement portion has an operative
surface to engage an outer surface on a first outer work piece, the split
body has a second end and a threaded inner support near the second end, the
anchor segment is operable to engage an outer surface on a second outer work
piece, the anchor segment includes a threaded member to engage the threaded
inner support, the threaded member be rotationally operational to draw the
split body toward the anchor segment. Type: Grant Filed: July 10,
2007 Date of Patent:
July 5, 2011 Assignee:
Quickmill, Inc. Inventor: David C.
Piggott Profile
characterization Patent number:
7860601 Abstract: A system
and method are disclosed for quickly characterizing the profile of a surface
of a processed workpiece using a non-contact scanner, such as a laser
scanner, in preparation for subsequent machining. The method determines the
location of a plurality of features of a processed workpiece on a machine tool,
and includes steps of reading a first list of approximate feature locations,
defining a scan path based on the first list, scanning a profile of the
workpiece along the scan path and calculating an actual location of each
feature of the plurality of features based on the profile. The system and
method are well suited to determine the location of features such as holes in
welder header boxes. Type: Grant Filed: December 13,
2007 Date of Patent:
December 28, 2010 Assignee:
Quickmill, Inc. Inventors: David C.
Piggott, Andy Chik Hung Wong Clamping device Publication number:
20090261519 Abstract: Disclosed
herein is a securing device for plate-like work pieces, comprising a body
member and an anchor member, the body member having a first end and a second
end, the first end having an engagement portion, a biasing member to basis
the body member laterally within a plurality of aligned openings in said work
pieces and biasing the engagement portion past the openings, the engagement
portion having an operative surface to engage an outer surface on a first
outer work piece, the body member including a threadable portion, the anchor
member being operable to engage an outer surface on a second outer work
piece, the anchor member including a threaded member to engage the threadable
portion, the threaded member be rotationally operational to draw the body
member toward the anchor member. Type: Application Filed: March 18,
2009 Publication date:
October 22, 2009 Inventor: David C.
Piggott Work piece support Publication number:
20090036281 Abstract: There is
provided a support assembly and method for supporting a work piece in a
milling process comprising an anchor portion for securing to a work surface;
a locating portion operable to nest with the anchor portion; and a tubular
support member, the tubular support member operable to nest with the locating
portion, the tubular support member having opposed support surfaces for
supporting a work piece on the work surface. Type: Application Filed: June 20,
2008 Publication date:
February 5, 2009 Applicant:
QUICKMILL INC. Inventor: David C.
Piggott Profile
characterization Publication number:
20080161961 Abstract: A system
and method are disclosed for quickly characterizing the profile of a surface
of a workpiece using a non-contact scanner, such as a laser scanner, in
preparation for subsequent machining. The method determines the location of a
plurality of features of a workpiece on a machine tool, and comprises steps
of reading a first list of approximate feature locations, defining a scan
path based on the first list, scanning a profile of the workpiece along the
scan path and calculating an actual location of each feature of said
plurality of features based on the profile. The system and method are well
suited to determining the location of features such as holes in welded header
boxes. Type: Application Filed: December 13,
2007 Publication date:
July 3, 2008 Applicant:
QUICKMILL, INC. Inventors: David C.
Piggott, Andy Chik Hung Wong Clamping device Patent number:
6099215 Abstract: A device
for establishing a seal between a pair of articles, has a first resilient
member arranged to be positioned between the articles, so that the first
resilient member and the articles collectively form a first chamber. A vacuum
supply is provided for supplying a vacuum to the first chamber. A pressure
supply is also provided for applying a pressure to the first resilient member
to force the first resilient member against both of the articles. Type: Grant Filed: February 17,
1998 Date of Patent:
August 8, 2000 Assignee: Quickmill
Inc. Inventor: David C.
Piggott Clamping device for
a workpiece processing machine Patent number:
5743685 Abstract: Disclosed
herein is a clamping device comprising a workpiece-engaging portion including
a workpiece-engaging surface; sealing means for sealing the
workpiece-engaging portion with the workpiece; the sealing means including a
first resilient member arranged to seal between the workpiece-engaging
surface and the workpiece, wherein the sealing means, the workpiece-engaging
portion and the workpiece collectively form a first chamber; vacuum supply
means for supplying a vacuum to the first chamber to draw together the
workpiece and the workpiece-engaging portion; and pressure supply means for
applying a pressure to the first resilient member to force the first
resilient member against the workpiece-engaging portion and the workpiece.
Also disclosed is a method for clamping a workpiece to a processing machine
as well as a workpiece processing machine incorporating the clamping device. Type: Grant Filed: June 2, 1994 Date of Patent:
April 28, 1998 Assignee:
Quickmill, Inc. Inventor: David C.
Piggott |
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CASES |
No found |
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TRADEMARKS |
QUICKDRILL CNC DRILLING AND TAPPING MACHINES Serial Number: 74009690 QUIKCODE computer software for operation of computer
numerical controlled drilling and tapping machines Serial Number: 74080395 QUICKMILL-TITAN GANTRY MILLING MACHINES Serial Number: 75389430 DROP AND DRILL Metal working of metal plates for others Serial Number: 75549933 QUICKMILL milling machines and drilling machines Serial Number: 74359962 ELIMINATOR gantry milling machines Serial Number: 78513981 |
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SUMMARY
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Founded in 1984, Quickmill Inc is a mid-sized organization
in the metal cutting machine tools manufacturers industry located in
Peterborough, Canada. It has approximately 70 full-time employees and
generates an estimated $7 million in annual revenue. The company imports from China, Taiwan and Mexico,
with no export records found. It is active in ONTARIO, with no negative records |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
Phil |
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POSITION |
Sales |
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COMMENTS |
He confirmed name, address, estimated staff and
group. He refused to confirm more details. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
|
CAD |
1 |
INR 51.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.