MIRA INFORM REPORT

 

 

Report Date :           

10.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ASA ALLOYS INC

 

 

Registered Office :

81 Steinway Blvd, Etobicoke, ON M9W 6H6

 

 

Country :

Canada

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Marketing semifinished metal products, except precious metals

 

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 :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Canada

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address 

 

ASA Alloys Inc

81 Steinway Blvd

Etobicoke, ON M9W 6H6

Canada

Tel:       416-213-0000

Fax:      416-213-9507

 

 

Synthesis     

 

Employees:                   100

Company Type:            Private Independent

Financials in:                 USD (Millions)

Reporting Currency:       Canadian Dollar

Annual Sales:                147.0

Total Assets:                 NA

 

 

Business Description     

 

Establishments primarily engaged in marketing semifinished metal products, except precious metals.

 

Establishments in this industry may operate with warehouses (metals service centers) or without warehouses (metals sales offices).

 

Industry

 

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423510 - Metal Service Centers and Other Metal Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    5051 - Metals Service Centers and Offices

 

           

Key Executives

(Emails Available)       

 

Name                           Title    

Ward Seymour              President         

Josie Lee                      Vice President Human Resources          


1 - Profit & Loss Item Exchange Rate: USD 1 = CAD 1.020628

2 - Balance Sheet Item Exchange Rate: USD 1 = CAD 0.97355

 

 

Corporate Overview

 

Location

81 Steinway Blvd

Etobicoke, ON, M9W 6H6

Canada

Tel:       416-213-0000

Fax:      416-213-9507

           

Sales CAD(mil):             150.0

Assets CAD(mil):           NA

Employees:                   100

Industry:                        Miscellaneous Capital Goods

Company Type:             Private Independent

Quoted Status:              Not Quoted

President:                     Ward Seymour

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Additional Information

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

 

NAICS 2002 Codes:

423510  -          Metal Service Centers and Other Metal Merchant Wholesalers

 

US SIC 1987:

5051     -          Metals Service Centers and Offices

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

 

Business Description

Establishments primarily engaged in marketing semifinished metal products, except precious metals. Establishments in this industry may operate with warehouses (metals service centers) or without warehouses (metals sales offices).

 

Financial Data

Financials in:

CAD(mil)

 

Revenue:

150.0

1 Year Growth

NA

 

Additional Information

ABI Number:

027269158

 

 

 

 

 

 

 

Credit Report as of 03/01/2011

 

Location

81 Steinway Blvd
Etobicoke, ON M9W 6H6
Canada

 

County:

Toronto Metropolitan

 

Phone:

416-213-0000

Fax:

416-213-9507

 

ABI©:

027269158

 

Annual Sales:

$150,000,000 (CAD)

Employees:

100

 

 

Business Type:

Private

Location Type:

Single Location

 

Recommended credit limit *

   N/A

 

 

Primary line of business:

SIC:

5051-06 - Steel-Distributors & Warehouses (Whls)

NAICS:

423510 - Metal Merchant Whols

 

 

Table of Contents

 

Profile Links

·         Similar Businesses in the Area

 

External Links

·         OneSource Company Profile

·         Similar Businesses in the Area *

 


Metal Supermarkets

100 Haist Ave Ste:B

Vaughan, ON    

 

Metal Supermarkets

113 Cushman Rd Ste:43

St Catharines, ON L2M 6S9       

 

Metal Supermarkets

22 Jutland Rd Ste:A

Etobicoke, ON M8Z 2G9

 

Metal Supermarkets

45 Ironside Cres Ste:12

Scarborough, ON M1X 1N3        

 

Russel Metal Mart Inc

140 Bradwick Dr Ste:14

Concord, ON L4K 1K8   

 

Metal Supermarkets

73 Railside Rd Ste:2

North York, ON M3A 1B2

 

Samuel Son & Co Limited

861 Redwood Sq

Oakville, ON     

 

Niagarasteel Svc Center

23 Smith Ave

St Catharines, ON L2R 6Y6       

 

Ryerson Canada Inc

161 The West Mall

Etobicoke, ON M9C 4V8

 

Garth Industrial

46 Taber Rd

Etobicoke, ON M9W 3A8

 

   * Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 5051-06 - Steel-Distributors & Warehouses (Whls)) regardless of size.

 

 


Executive report

 

Executives

 

Name

Title

Function

 

Ward Seymour

President

President

 

Josie Lee

 

Vice President Human Resources

Human Resources Executive

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.