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MIRA INFORM REPORT
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Report No. : |
494330 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TRIPLE M METAL LP |
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Registered Office : |
471 Intermodal Drive Brampton, ON L6T
5G4 |
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Country : |
Canada |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
1971 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Subject provides metal recycling and
processing services. |
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No. of Employees : |
600 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 worlds 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 worlds 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 Canadas 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: |
Triple M Metal LP |
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Trade
Names: |
Triple M Metal LP |
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ID: |
NA |
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Date Created: |
1971 |
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Date Incorporated: |
2014-07-31 |
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Legal Address: |
471 Intermodal Drive Brampton, ON L6T 5G4 Canada |
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Operative Address: |
471 Intermodal Drive Brampton, ON L6T 5G4 Canada |
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Telephone: |
905-793-7083 |
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Fax: |
905-793-7285 |
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Legal Form: |
LIMITED PARTNERSHIP |
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Email: |
ferrousinquiries@triplemmetal.com |
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Registered in: |
CANADA |
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Website: |
www.triplemmetal.com |
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Contact: |
Mr. Joe Caruso - Chief Executive Officer
and Director |
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Staff: |
600 |
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Activity: |
NAICS 1: Secondary Smelting, Refining, and
Alloying of Nonferrous Metal (except Copper and Aluminum) SIC 1: Recovery And Refining Of
Nonferrous Metals Size |
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Banks: |
The company does not disclose its
banking details. |
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History: |
The company was founded in 1971 by Mike and
Antonio Giampaolo. |
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PRINCIPAL
ACTIVITY
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Triple M Metal LP provides metal
recycling and processing services. |
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Products/Services description: |
It acquires, recycles, processes, and supplies
ferrous and non-ferrous scrap metals, such as brass, copper, aluminum,
stainless steel, lead, zinc, catalytic converters, and specialty alloys to
various steel mills and foundries. The company also processes electrical and
electronic scrap; provides scrap management services to various clients, such
as the automotive sector, as well as steel manufacturing and construction
industries, including scrap handling layout and plant design; and brokerage,
and bin and truck services. In addition, it engages in various businesses,
such as real estate development; construction of industrial, residential, and
golf course properties; a steel service center; aluminum remelt plants; and
an electronics processing and recycling company. |
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Brands: |
TRIPLE M |
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Sales are: |
Wholesale |
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Clients: |
Metal Triple M Mexico Sa De Cv Saype Metals Ltd Ningbo Jintian Copper (Group) Co. Lily Development Ltd Mild On International Limited Lovable Star Co., Ltd |
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Suppliers: |
Zhengxin Machinery (Hongkong) Co.,Ltd Wuyi Manning Machinery Imp. & Exp.
Co., Ltd. |
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Operations area: |
National and International |
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The company
imports from |
CHINA |
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The company exports to |
MEXICO SWITZERLAND CHINA TAIWAN |
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The subject employs |
600 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
471 Intermodal Drive Brampton, ON L6T 5G4 Canada |
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Comments on Address: |
- |
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Branches: |
The company has several branches in
Canada. Some of them are: 900 Intermodal Drive, Brampton, Ontario, Canada L6T 0B5 BRAMPTON PUBLIC YARD 331 Intermodal Drive, Brampton, Ontario, Canada L6T 5G4 HAMILTON BRAMPTON ST. 1640 Brampton St, Hamilton, Ontario, Canada L8H 3S1 KESWICK 24707 Woodbine Avenue, Keswick, Ontario, Canada L4P 3E9 |
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Related Companies: |
SOUTH CAROLINA 101 Valley View Road, PO Box 596, Fountain Inn, South Carolina, United
States LORDSTOWN OHIO 5120 Tod Avenue SW, Lordstown, Ohio, United States 44481 NEW JERSEY TRADING OFFICE Verona, New Jersey, United States RAMOS ARIZPE Blvd. Beta No. 3150, Parque Industrial
Santa Maria, Ramos Arizpe, Coahuila, Mexico C.P. 25903 |
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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: |
The company does not disclose
information on shareholders. The following information has been obtained
through private sources and could not be confirmed: The major holders of this company are: Antonio Giampaolo |
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Management: |
Mr. Joe Caruso - Chief Executive Officer
and Director Mr. Oscar Moniz President Tom Anderson Vice President of
Engineering Mr. Michael Hlacar - Vice President of
Ferrous Sales and Purchasing Michael Barichello Vice President of
Finance |
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FINANCIAL
INFORMATION
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The company
does not make its financial statements public. The following information has
been provided by private sources: |
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CAD 2016 |
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Gross Revenue |
250.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
1. Hale v. Triple M Metal LP, 2013 HRTO
1796 (CanLII) 2013-10-24 Human Rights Tribunal of Ontario
Ontario paraplegia submits reasonable prospect
reprisal complaint 2. Triple M Metal LP v. The Queen, 2016 TCC
293 (CanLII) 2016-12-23 Tax Court of Canada Canada (Federal) scrap metal dealer recapture
specified energy input tax 3. International Union of Operating
Engineers, Local 793 v. Triple M Metal LP, 2015 CanLII 53739 (ON LRB)
2015-08-21 Ontario Labour Relations Board Ontario representation vote membership cards
application for certification bargaining unit photocopies 4. United Steel, Paper and Forestry, Rubber,
Manufacturing, Energy, Allied Industrial and Service Workers International
Union (United Steelworkers) v. Triple M Metal LP, 2010 CanLII 61196 (ON LRB) 2010-10-20 Ontario Labour Relations Board Ontario withdrawn applications request 5. International Union of Operating
Engineers, Local 793 v. Triple M Metal LP, 2015 CanLII 55972 (ON LRB)
2015-09-03 Ontario Labour Relations Board Ontario ballots taking of the representation
vote cast janitors copies 6. Toste v. Triple M Metal LP, 2009 HRTO
1317 (CanLII) 2009-08-26 Human Rights Tribunal of Ontario
Ontario rescheduling adjournment requests
dates mediation 7. Hale v. Triple M Metal LP, 2013 HRTO
1981 (CanLII) 2013-11-29 Human Rights Tribunal of Ontario
Ontario reconsideration reasonable prospect
submits eligible request |
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TRADEMARKS |
TRIPLE M METAL Ferrous and non-ferrous scrap metal
dealerships Owned by: Triple M Metal LP Serial Number: 77880604 TRIPLE M METAL LP Ferrous and non-ferrous scrap metal
dealerships Owned by: Triple M Metal LP Serial Number: 77880606 |
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RENEWAL HISTORY |
No records found. |
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UCC |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC
list. |
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SUMMARY
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Founded in 1971, Triple M Metal Lp is a
large organization in the secondary nonferrous metal companys industry
located in Brampton, Canada. It has approximately 600 full-time employees
and generates an estimated $250 million in annual revenue. The company operates nationally and
internationally, mainly importing from China. It is ACTIVE in business with
no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Steven |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the company, the
address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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CAD |
1 |
INR 50.60 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
SCs 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
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Promoters
/ Management background
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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.