MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL PAPER EXPORT CO LTD |
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Registered Office : |
1198 Mountain Street, Montreal, Quebec,H3G 1Z1 |
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Country : |
Canada |
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Date of Incorporation : |
15.02.1978 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of paper and pulp |
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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Maximum Credit Limit : |
100,00 USD. |
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Status : |
Satisfactory |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
GEOPOLITICS - CANADA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: CAD |
IDENTIFICATION
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Ordered as: |
Universal Paper Export Co Ltd |
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Address in the order: |
1198 Mountain St. Montreal, Quebec Canada H3G 1Z1 |
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Legal Name: |
UNIVERSAL PAPER EXPORT CO LTD |
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Trade Name: |
LA COMPAGNIE UNIVERSELLE
D'EXPORTATION DE PAPIER LTEE |
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Legal Address |
1198 Mountain Street, Montreal, Quebec,H3G 1Z1,Canada |
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Telephone: |
+ 1 (514) 878-1906 |
Document Number : |
1143128636 |
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Fax: |
+ 1 (514) 878-1943 |
Legal Form: |
Limited Company |
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Email: |
Registered in: |
Quebec |
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Website: |
Date Created: |
February 15th,1978 |
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Manager: |
MEHRA RAVINDER, President |
Date Incorporated: |
March 2nd,1995 |
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Staff: |
18 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesaler of paper and pulp. |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
BUSINESS
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HISTORY |
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Universal Paper Export Co. Ltd is a private company created in 1978
and based in Quebec. |
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PRINCIPAL ACTIVITY |
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Universal Paper Export Co. Ltd. is Canada's largest independently
owned exporter of pulp and paper products. Over the past three decades, the company has specialized in exporting
all pulp and paper grades, and now has customers in over fifty countries on
all continents. Universal has unique strength in Latin America, the Pacific rim,
Australia, the Middle East, the Indian Sub-continent, as well as Africa. The company is also doing business as LA COMPAGNIE UNIVERSELLE D'EXPORTATION DE PAPIER LTEE |
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Products/Services description: |
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The company offers the following products: - Kraft Pulps
(Softwood and Hardwood): Fluff Pulp CTMP / BCTMP / Mechanical Pulps Sulphite Pulps Dissolving Pulps De-inked Pulps - Paper
Products: Newsprint — Standard, High Bright, Bulky and Colored Light Weight Coated (LWC) Woodfree Coated Papers Super Calendared Papers (SCA) Soft Calendared Papers (SCB) Telephone Directory Papers |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial Companies |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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Trade References: |
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- Georgia Pacific (Atlanta) Richard lawless ( senior Manager) Tel: +1 (404) 652 4975 |
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The subject employs 18 employee(s) |
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PAYMENTS |
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made on a 55 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at 1198 Mountain Street Montreal, Quebec, Canada H3G 1Z1 |
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The property is: |
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Owned |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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DARRAM INC. - Main Shareholder 14505 BANNISTER ROAD S.E., 3RD FLOOR, T2X 3J3, CALGARY, ALBERTA, CANADA |
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Management: |
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MEHRA RAVINDER, President, MEHRA RAKHMANDER, Secretary. MEHRA ARUN, Vice President |
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Related Companies: |
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UNI PRODUCTS LTD (India) |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. We have
contacted the company’s Vice President who provided us with the
following data: |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
5,500,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
4,470,000 |
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The cash flow is |
Normal |
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Comments on the financial data: The company's
vice president, was able to inform us that the company is profitable and they
do not have any bank liabilities. |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau gave a correct credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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Final Opinion |
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The company presents correct income for
its size. It has increased in 2010. The business is well established. We did not notice any specific adverse
record against the company. A business connection can be conducted. A credit line can be granted in the range
of 100,00 USD. It is nevertheless important to remember
that the subject is a limited company. No action could consequently prosper
against the owners’ personal assets in case of the company’s failure. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.