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MIRA
INFORM REPORT
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Report No. : |
509331 |
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Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN IRON & METAL COMPANY INC. |
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Registered Office : |
9100 boul. Henri-Bourassa E Montréal-Est (Québec) H1E2S4 |
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Country : |
Canada |
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Date of Incorporation : |
1936 |
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Legal Form : |
Joint stock company or company |
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Line of Business : |
Subject is a company with global reach which
provides metal recycling services. |
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No. of Employees : |
2,500 |
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+ |
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 : |
Exist |
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 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 |
LA
COMPAGNIE AMÉRICAINE DE FER & MÉTAUX INC. (In
Canadian Frech) AMERICAN
IRON & METAL COMPANY INC. (In English) |
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Trade
Name |
(In
Canadian French and in English)
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ID |
ID |
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ID
Details |
1165652430
Quebec
Business Number (NEQ) |
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Creation
Date |
1936 |
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Incorporation
Date |
2009-01-27
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Legal
Address |
9100
boul. Henri-Bourassa E Montréal-Est (Québec) H1E2S4 Canada |
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Operative
Address |
9100
Henri-Bourassa Boulevard Montreal, QC H1E 2S4 Canada |
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Telephone
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514-494-2000
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Fax |
514-494-8358
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Legal
Form |
Joint
stock company or company CANADA:
Canada Business Corporations Act, RSC, 1985, c. C-44 |
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E-Mail |
smartin@aimrecyclinggroup.com
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Registered
In |
CANADA |
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Website
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www.recycling-aim.com
/ www.aim-global.com |
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Contact
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Herbert
Black, President |
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Staff |
2,500
employees |
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Activity
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Economic
Activity Code (EAC): 5919 Activity:
Other types of wholesale of scrap and salvage materials Clarifications:
RECYCLING OF FERROUS AND NON-FERROUS METALS |
Banks |
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Name of
Bank |
Reported
Amount |
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There are
not informed banks |
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Description
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The
company does not make its banking data public. |
History |
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History
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The
company was founded in 1936. |
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Key Developments |
American Iron & Metal Company, Inc.
Presents at 13th Annual Steel Markets North America Conference, Mar-13-2017
09:00 AM |
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Parent
Company |
NA |
Principal Activity |
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General
Description |
LA
COMPAGNIE AMÉRICAINE DE FER & MÉTAUX INC. / American Iron & Metal
Company, Inc. is a company with global reach which provides metal recycling
services. |
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Service/Product Description |
The company recuperates, weighs, sorts,
conditions, and recycles scrap metals, such as iron and steel, aluminum and
aluminum alloys, stainless steel and nickel alloys, and copper and copper
alloys. It offers its products worldwide. |
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Sales |
Wholesale
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Operations
Area |
National
and International |
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Imports
From |
No
import records |
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Export
To |
Worldwide
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Employees
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2,500
employees |
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Payments
With Suppliers |
Regular
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Comments
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NA |
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Comments
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NA |
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Location |
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Headquarters
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9100
Henri-Bourassa Boulevard Montreal, QC H1E 2S4 Canada |
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Branches |
The company has additional locations in
Saint John, Levis, Gatineau, Vanier, Boisbriand, Montreal, Laval, Hamilton,
Quebec, Jonquiere, Trois-Rivieres, Nepean, Lachine, Victoriaville, Dartmouth,
and St-Augustin Des Desmaures, Canada. We provide some of the addresses: AIM RECYCLAGE MONT-LAURIER 342 Rue Pierre Neveu Mont-Laurier, QC J9L 3G5 819 440-2844 AIM RECYCLAGE GRAND-REMOUS 10, chemin Lamoureux Grand-Remous, QC J0W 1E0 819 438-3355 AIM RECYCLING OTTAWA WEST 120 Bentley Ave Ottawa, ON K2E 6T9 613 228-9380 AIM RECYCLING CORNWALL 17703, Headline Road East Cornwall, ON K0C 1P0 613 330-8637 AIM RECYCLAGE THETFORD 1597 Rue Setlakwe Thetford Mines, QC G6G 8B4 418 332-3030 AIM RECYCLING BATHURST 2080, Industrial Ave Bathurst, NB E2A 4W7 506-547-9813 AIM RECYCLAGE SAGUENAY 3510 Rue de l’Énergie Jonquiere, QC G7X 9H3 418 695-1520 AIM RECYCLING DARTMOUTH 60, Simmonds Drive Dartmouth, NS B3B 1P6 902-468-9664 AIM RECYCLING SAINT JOHN 145 Gateway st PO. Box 27132 Saint John, NB E2M 5S8 506-672-4000 LOCATIONS IN QUEBEC: 5065 ch. Tourville Drummondville
(Québec) J2A3Z1 Canada 2415 ch. Tourville Drummondville (Québec)
J2A3Y4 Canada 400 rue des Entrepreneurs Québec (Québec)
G1M1B3 Canada 36 rue de Bécancour Gatineau (Québec)
J8P8A4 Canada 1597 rue Setlakwe Thetford Mines (Québec)
G6G8B4 Canada 3 rue Fournier Victoriaville Québec G6P2P9
Canada 475 rue Godin Trois-Rivières (Québec)
G8Z3H3 Canada 220 rue de Rotterdam
Saint-Augustin-de-Desmaures (Québec) G3A1T4 Canada 3459 rue Vulcain Lévis (Québec) G6W0K8
Canada 999 boul. Montmorency Québec (Québec)
G1J3W1 Canada 220 rue de Rotterdam
Saint-Augustin-de-Desmaures (Québec) G3A1T4 Canada 3510 rue de l'Énergie Saguenay (Québec)
G7X9H3 Canada 200 rue Nadon Amos Québec J9T3A1 Canada 2415 ch. Tourville Drummondville (Québec)
J2A3Y4 Canada 1975 rue Jean-Marie-Langlois La Prairie
(Québec) J5R5Z8 Canada 1798 boul. Maloney E Gatineau (Québec)
J8R3Z4 Canada 3441 RUE de Vulcain Lévis Québec G6V7M5
Canada 2905 boul. Saint-Michel Trois-Rivières
(Québec) G9A5E1 Canada 9160 boul. Henri-Bourassa E Montréal-Est
(Québec) H1E2S4 Canada 210 rue de Rotterdam
Saint-Augustin-de-Desmaures (Québec) G3A1T4 Canada 1290 ch. Dion Sherbrooke (Québec) J1R0R8
Canada 1965 RUE Jean-Marie-Langlois LaPrairie
Québec J5R5Z8 Canada 2225 montée masson Laval Québec H7E4P2
Canada |
Group Structure and Subdiary Companies |
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Listed
at the stock exchange |
NO |
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Capital
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NA |
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Shareholders (%) |
This is a private company.
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Management |
Herbert Black, President |
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Subsidiary
Companies |
NA |
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Related Companies |
AIM SOLDER POLAND |
Financial Information |
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General
Description |
This is
a private company. The company does not disclose information on shareholders.
The following information has been obtained through private sources and could
not be confirmed: |
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Year/Currency
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2016
USD |
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Sales |
810,380,000
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Legal Filings |
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Lawsuits |
AMERICAN IRON &
METAL v. JOHN M. GLOVER AGENCY |
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Trademarks |
AIM - Trademark Details |
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Documents Kept |
Document type Date of deposit in the register Current update declaration 2018-02-22 Current update declaration 2018-02-02 Current update declaration 2018-01-15 Current update declaration 2018-01-10 ANNUAL UPDATE DECLARATION 2017 2018-01-08 Current update declaration 2018-01-04 Current update declaration 2017-12-20 Current update declaration 2017-12-15 Current update declaration 2017-12-14 Current update declaration 2017-12-07 Current update declaration 2017-12-04 Current update declaration 2017-09-11 2016 ANNUAL UPDATE STATEMENT 2017-01-05 ANNUAL UPDATE STATEMENT 2015 2016-08-15 Current update declaration 2015-10-21 ANNUAL UPDATE STATEMENT 2014 2015-07-15 Current Merge Update Declaration 2015-01-08 2013 ANNUAL UPDATE STATEMENT 2014-06-19 2012 ANNUAL UPDATE STATEMENT 2013-07-02 Annual statement 2011 2012-06-29 2010 Annual Statement 2011-06-29 Amending declaration 2009-12-23 Declaration of registration 2009-01-27 |
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Mergers and Splits |
Type: Simplified merger Applicable Law: CANADA: Canada Business Corporations Act, RSC, 1985, c. C-44 Dated: 2014-12-31 Name and address of the legal person: FER & MÉTAUX AMÉRICAINS GP INC. 9100 boul. Henri-Bourassa E Montreal East (Quebec) H1E2S4 Canada Component: 1168993153 Resultant: 1165652430 Type: Ordinary merger Applicable Law: CANADA: Canada Business Corporations Act, RSC, 1985, c. C-44 Dated: 2008-12-31 Name and address of the legal person: LA COMPAGNIE AMÉRICAINE DE FER & MÉTAUX INC. 9100 boul. Henri-Bourassa E Montreal East (Quebec) H1E2S4 Canada Component: 1143400233 Resultant: 1165652430 |
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Patents Registered |
Methods for wiping a
metal contaminated surface with a water soluble fabric |
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Renewals |
Date of update of the
information status |
Summary |
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Summary |
Founded in 1936, LA COMPAGNIE AMÉRICAINE
DE FER & MÉTAUX INC. / American Iron & Metal Company, Inc. is a
company with global reach which provides metal recycling services. |
Risk Information |
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Debts |
Controlled
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Payments
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Regular
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Cash
Flow |
Normal |
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State |
ACTIVE |
Interview |
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First
Name |
Aurelie
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Position
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Reception
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Comments
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She
confirmed legal name, trade name, telephone, website, principal activity and
operations area. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.83 |
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1 |
INR 91.68 |
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Euro |
1 |
INR 80.29 |
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CAD |
1 |
INR 53.07 |
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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NIY |
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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
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.