MIRA INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
UMICORE CANADA INC. |
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Registered Office : |
10110 114 St, Fort Saskatchewan, AB T8L4K2
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Country : |
Canada |
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Year of Establishment : |
1968 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
This plant primarily produces spherical cobalt powders |
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No. of Employees
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32 (not verified) |
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 : |
USD 700.000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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POLITICAL DATA |
ECONOMIC DATA |
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Form of
Government GOVERNMENT |
Federal |
Currency |
USD |
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Economic Risk |
Nil |
Branch Situation |
Stable |
IDENTIFICATION
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Legal Name: |
Umicore
Canada Inc. |
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Legal Address: |
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Telephone: |
+1 (780) 992 5700 |
ID: |
NA |
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Fax: |
+1 (780) 992 5788 |
Legal Form: |
Corporation for Profit |
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Email: |
info@umicore.com (parent company\'s one) |
Registerd In: |
NA |
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Website: |
www.umicore.com (parent company\'s one) |
Date Created: |
1968 |
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Manager: |
Bruce Sutherland,
Managing Director & C.O.O. |
Date Incorporated |
NA |
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Staff: |
32 (not verified) |
Stock: |
NA |
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Value: |
NA |
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Activity: |
This plant primarily
produces spherical cobalt powders. |
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BANKS
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Name of the Bank |
Royal Bank of Canada |
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BUSINESS
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HISTORY: |
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The company was established in 1968. |
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PRINCIPAL ACTIVITY: |
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This plant primarily produces spherical cobalt powders. |
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Products/Services description: |
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Primary Smelting and Refining of Nonferrous Metals, Except Copper and
Aluminum. |
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Sales are: |
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Wholesale |
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Operations area: |
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National,InterNational, |
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The company imports from Mainly from USA, Italy, India and
Oceania.. |
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Trade References : |
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"Queensland Nichel Joint
Venture" |
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The subject employs 32 employee(s) |
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Comments on staff: |
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This information was not confirmed by the company. |
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Payments : |
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regular |
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LOCATION : |
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Headquarters: |
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10110 114 St, Fort Saskatchewan, AB T8L4K2, Canada. |
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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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The parent company of the subject is
Umicore (Brussels:UMI.BR). |
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Management: |
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Bruce Sutherland, Managing Director &
C.O.O. |
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Related Companies: |
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The company is related to many companies
because it is part of a global materials technology group. |
Financials -
COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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Comments on the financial data : Our sources
provided us with the information that the company would have annual revenues
around USD 50,000,000.- |
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legal fillings |
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Rating
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Local credit bureau gave a Normal credit
rate. |
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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 has a considerable experience
in the industry. |
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND
PAYMENTS |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments: |
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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.53.36 |
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UK Pound |
1 |
Rs.82.51 |
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Euro |
1 |
Rs.68.99 |
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 |
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NB |
New Business |
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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.