x

MIRA INFORM REPORT

 

 

Report Date :

16.02.2012

 

 

 

 

IDENTIFICATION DETAILS

 

Name :

UNIFIED ALLOYS LTD

 

 

Registered Office :

8835, 50 Avenue, Edmonton, (ALBERTA) T6E5H4

 

 

Country :

Canada

 

 

Year of Establishment :

1976

 

 

Legal Form :

Limited Company

 

 

Line of Business :

It markets metal products.

 

 

No. of Employees :

54

 

 

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 390,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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: 1.00 CAD = 1.00427 USD
Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Please take note that the address provided in the order is that of a branch location.

Legal Name:

UNIFIED ALLOYS LTD

 

 

Legal Address

8835, 50 Avenue, Edmonton, (ALBERTA) T6E5H4, Canada

Operative Address

8835 - 50th Ave, Edmonton, Alberta T6E 5H4, Canada (Headquarters)

Telephone:

+1 (780) 468-5656

ID :

1160214079

Fax:

+1 (780) 469-3651

Legal Form:

Limited Company

Email:

ap.edm@unifiedalloys.com

Registered in:

Canada

Website:

http://www.unifiedalloys.com/

Date Created:

1976

Manager:

Alfred Hansen, President

Date Incorporated:

July 11th 2001

Staff:

54

Stock:

NA

 

 

Value:

NA

Activity:

It markets metal products.

 

 

BANKS

 

Name of the Bank

Royal Bank of Canada

 

BUSINESS

 

HISTORY

 

The company was created in 1976.

PRINCIPAL ACTIVITY

 

It markets metal products.

Products/Services description:

 

The company offers:

Pipe

Gauge Pipe & Fittings

Pipe Fittings

Pipe Flanges

Pipe Valves

Tube

Parker Instrumentation

Instrumentation Fittings

Instrumentation Valves

Tube Preinsulated

Hangers & Clips

Fasteners

Tube Plastics

Bar Products

Sales are:

 

Wholesale

Clients:

 

Pulp & Paper, Oil & Gas, Petro-Chemical and Power Generation Industries

Operations area:

 

National, Local

Trade References:

 

We couldn’t contact a person at the company’s to provide us the trade references.

The subject employs 54 employee(s)

 

 

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 8835 - 50th Ave, Edmonton, Alberta T6E 5H4, Canada.

Branches:

 

The company has the following branches:

 

#140, 6260 Graybar Rd.

Richmond, British Columbia, Canada

V6W 1H6

 

#1, 7408 - 40th Street S.E.

Calgary, Alberta, Canada

T2C 2L6

 

151 Steeles Avenue E

Milton, Ontario, Canada

L9T 1Y1

 

5155 Avenue Fιlix-Leclerc

St. Laurent, Quebec, Canada

H4R 0C2

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Unified Alloys is a privately owned company founded in 1976 by Alfred Hansen. Subsequently, Darren Hansen and Lorraine Hansen have formed corporate partnerships along with Employee Stake holders.

Management:

 

Alfred Hansen, President

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have tried to contact the Accounts Payable and we were directed to an automatic voicemail. We left a message.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

 

 

USD

2010

 

 

Turnover

23,726,720

 

 

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

 

 

The subject is a medium sized Canadian company.

 

It started its operations in 1976. Therefore, it has a very good experience in its field.

 

UNIFIED ALLOYS LTD is one of the largest in servicing the specialty steels marketplace in Canada.

 

The company has a good business structure, with a few branches within the Canadian territory.

 

No evidence of legal or labor antecedents found against the company in the consulted databases.

 

Credit line may be considered for USD 390,000-.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

 

Indebtedness

N.A.

Payments

REGULAR

 

 

Cash

NORMAL

 

 

 

 



APPENDIX

 

Comments

 

We have tried to contact the Accounts Payable and we were directed to an automatic voicemail. We left a message and no one has replied it yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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.