MIRA INFORM REPORT

 

 

Report Date :           

02.07.2011

 

IDENTIFICATION DETAILS

 

Name :

ALLIED FITTINGS CANADA

 

 

Registered Office :

172 Turbo Drive, Sherwood Park, AB, T8H 2J6

 

 

Country :

Canada

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Petro-chemical, oilsands and refining industries

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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: 100.00 USD  = 94.9854 CAD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Allied Fittings Canada

Address in the order:

172 Turbo Drive, Sherwood Park, Alberta T8H 2J6

 

 

Legal Name:

Allied Fittings Canada

Legal Address

172 Turbo Drive, Sherwood Park, AB, T8H 2J6 Canada.

Operative Address

172 Turbo Drive, Sherwood Park, AB, T8H 2J6 Canada.

Telephone:

+1 (780) 464-7774

ID :

N/A

Fax:

+1 (780)  464-0044

Legal Form:

Corporation for Profit

Email:

info@alliedfit.com

Registered in:

Canada

Website:

www.alliedfit.com

Date Created:

N/A

Manager:

Jerry Aguilar, Operations Manager

Date Incorporated:

N/A

Staff:

N/A

Stock:

N/A

 

 

Value:

N/A

Activity:

Petro-chemical, oilsands and refining industries

 

 

BUSINESS

 

HISTORY

 

Although we were able to find some information about the company, we were unable to get the company's creation date.

PRINCIPAL ACTIVITY

 

The company is categorized under petro-chemical, oil sands and refining industries.

Products/Services description:

 

Flange Manufacturers:

-Tri-Lad Canada

-Tri-Lad U.S.A.

-Echjay Industries

-Federal Flange

-Galperti S.r.L.

-San Eng

-Melesi Italy

-Kofco

-Bebitz

 

Fittings:

-ASTM A234 WPB

-ASTM A860 WPHY60

-ASTM A234 WPC

-ASTM A860 WPHY65

-ASTM A420 WPL6

-ASTM A860 WPHY70

-ASTM A860 WPHY52

-CSAZ235.11 CAT II GR359

-All to NACE MR-01-75

 

And other manufacturer products.

Sales are:

 

Wholesale

Clients:

 

Various industries.

Operations area:

 

National, Local

The company imports from US

The company does not export

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 172 Turbo Drive, Sherwood Park, AB, T8H 2J6 Canada.

30 Woodslee Avenue, Paris, ON, N3L 3V1, Canada.

Branches:

 

The company has another branch located in:

30 Woodslee Avenue, Paris, ON, N3L 3V1, Canada.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Jerry Aguilar, Operations Manager 

Scott Cochrane, High Yield Manager

Charity Halsall, Branch Manager

Related Companies:

 

The company also operates in Unites States under Alied Fitting LP

7200 Mykawa Road

Houston, TX, 77033.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Danny who refused to provide us any financial data on grounds of confidentiality; She agreed though, to send us all their information by e mail to Tperry@alliedfit.com; We sent them an e mail but we didn't get a response yet.

Legal Fillings

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

 

Rating

 

Local credit bureau gave a low 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 medium sized company with presence in the United States.

 

There were no legal filings found against the company or its legal representatives.

 

We've contacted the company but they refused to provide us any information over the phone. So we sent them an e mail but we didn't get an answer.

 

Due to the fact that there is not enough information for this company,

We suggest then working with GUARANTEES.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Danny

Position

 

Account Manager

Comments

 

She refused to provide us any financial data on grounds of confidentiality; She agreed though, to send us all their information by e mail to Tperry@alliedfit.com; We sent them an  mail but we didn't get a response yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.58

UK Pound

1

Rs.71.75

Euro

1

Rs.64.80

 

 

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.