MIRA
INFORM REPORT
|
Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ORICA CANADA INC. |
|
|
|
|
Registered Office : |
Stikeman Elliott LLP, 199 Bay Street 5300 Commerce Court West,
Toronto, Ontario M5L 1B9 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
01.10. 2005 |
|
|
|
|
Com. Reg. No.: |
4325974 |
|
|
|
|
Legal Form : |
Federal Corporation |
|
|
|
|
Line of Business : |
Manufacturer and Wholesaler Explosives. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
CAD 1,000,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Name
ORICA CANADA INC.
Company acronym:
--
Contact Information
|
Address |
301 Rue de l’Hotel de Ville Browsburg-Chatham, Quebec J8G 3B5 Canada |
|
Telephone |
450-533-4201 |
|
Fax |
450-533-1393 |
|
Website |
www.orica.com |
Registration Data
|
Date of Registration |
October 1st, 2005 |
|
Registration number |
4325974 |
|
Legal address |
Stikeman Elliott LLP 199 Bay Street 5300 Commerce Court West Toronto, Ontario M5L 1B9 -
Canada |
|
Legal Form |
Federal Corporation |
|
Share Capital |
- |
|
Other Registration Data |
ORICA CANADA INC was incorporated on January 30 1998, under Federal
ID# 3461041 and merged into the new one. |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
ORICA EXPLOSIVES HOLDINGS PTY LTD 1 NICHOLSON STREET, ICI HOUSE – MELBURN, VICTORIA 3000 AUSTRALIA |
100 |
Board/Executive
|
Name |
Craig B. ELKINGTON |
|
Position within the company |
President |
|
Name |
Joseph KEENAN |
|
Position within the company |
Vice President |
|
Name |
Michael WENKOFF |
|
Position within the company |
Manager |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Manufacturer and wholesaler explosives.
Staff
|
Number of staff employed |
300 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Far East |
|
Exports To |
- |
Facilities
|
Rented |
Office |
|
Premises Size |
3,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
ORICA EXPLOSIVES HOLDINGS PTY LTD (Public Company) |
|
Subsidiaries |
- |
|
Affiliates |
- |
Branches
|
Address |
Several branches in Canada |
Bankers
|
Bank |
HSBC Bank Royal Bank |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Estimate |
|
Currency |
CAD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
50,000,000+ |
Reporter Comments
|
Comments |
On a direct call,
nobody accepted to answer our questions. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 days
beyond terms. |
|
MAX CREDIT |
CAD 1,000,000+ |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
CAD 1,000,000+ |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.76 |
|
UK Pound |
1 |
Rs.74.87 |
|
Euro |
1 |
Rs.60.81 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)