MIRA INFORM REPORT

 

 

Report Date :

18.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

G. A. PAPER INTERNATIONAL INC

 

 

Registered Office :

327 Renfrew Drive Suite 102, Markham,  ON  L3R 9S8

 

 

Country :

Canada

 

 

Date of Incorporation :

27.03.1992

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Pulp and Paper Salers

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 415,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - CANADA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: CAD

Branch Situation:Stable

 

 

IDENTIFICATION

Ordered as:

GA Paper International

Address in the order:

327 Renfrew Drive Suite 102 Markham Ontario L3R 9S8 Toronto

 

 

Legal Name:

G. A. Paper International Inc

 

 

Legal Address

327 Renfrew Drive Suite 102,

Markham,  ON  L3R 9S8,

Canada

 

 

Telephone:

(905) 479-7600

Document Number :

ON-0000660949

Fax:

(905) 479-8714

Legal Form:

Corporation for Profit

Email:

info@gapaper.com

Registered in:

Ontario

Website:

http://www.gapaper.com/

Date Created:

1986

Manager:

Ibrahim Elgammal, President

Date Incorporated:

March, 27th. 1992

Staff:

25

Stock:

NA

 

 

Value:

NA

Activity:

Pulp and paper salers

 

 

BANKS

 

Name of the Bank

BMO Bank of Montreal Markham, ON

 

BUSINESS

 

HISTORY

 

The company was created in 1986.

PRINCIPAL ACTIVITY

 

Pulp and paper salers

Products/Services description:

 

The company specializes in corrugated containerboards, such as kraft linerboards, corrugating medium/semi-chemical fluting, white-top kraft liners, bleached kraft pulps, which include softwood, hardwood, eucalyptus, and fluff.

 

The company also provides test liners, recycled medium/fluting, mottled kraft liners, recycled white-top liners, and sack krafts, as well as newsprint and woodfree paper.

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry

Operations area:

 

National, International

The company export to Worldwide, mainly Middle East, North Africa, and Mediterranean Europe

The subject employs 25 employee(s)

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at 327 Renfrew Drive – Suite 102 - Markham, Ontario, L3R 9S8 - Canada

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Despite our long searches we could not identify the name of the shareholders.

Management:

 

The directors of the company are:

 

Mr. Ibrahim El-Gammal, President

Mr. Mohamad Azzam, Vice President

Nermine El-Gammal, Secretary-Treasurer & Board Member

 

They are among the shareholders.

 

This is a privately owned business.

Related Companies:

 

USA

 

G.A. Paper International (USA) Inc. - (Subsidiary)

5017 W. Laurel Street

Tampa, FL 33607, USA

 

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted Mr. Don, from the Accounting Department, who refused to provide us any financial data without knowing the name of the inquiring party.

However our financial sources could provide us with the following data (estimates):

 

Currency

DATE

USD

12-31-2008

Turnover

25,000,000

The cash flow is

Normal

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.



Rating

 

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.

 

 

 Final Opinion

 

This is a small sized Canadian company which employs 25 persons and has 24 years of experience in the market.

 

A credit line may be consider for USD 415,000.-

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

 

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Don

Position

 

Accounting Department

Comments

 

The person contacted refused to provide us any information on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.59

UK Pound

1

Rs.72.31

Euro

1

Rs.60.73

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.