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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CANPOTEX LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1970 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Farm Supplies |
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No. of Employees : |
100 |
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 300,000 |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Ordered as: |
Canpotex Limited |
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Address in the order: |
P O Box 1600 Suite 400 111 2nd Avenue South Saskatoon Saskatchewan
Canada S7K 3R7 |
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Legal Name: |
CANPOTEX LIMITED |
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Legal Address |
111 - 2ND AVENUE SOUTH SUITE 400, P.O. Box: 1600 SASKATOON SK S7K 3R7 Canada |
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Telephone: |
604 903-7140 |
ID : |
100787720RC0001 |
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Fax: |
604 926-8863 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Canada |
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Website: |
Date Created: |
1970 |
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Manager: |
Steven Dechka, President & Chief Executive Officer |
Date Incorporated: |
July 21st 1970 |
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Staff: |
100 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Farm Supplies |
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Name of the Bank |
ROYAL BANK OF |
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BUSINESS
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HISTORY |
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The company was created in In 1970-10-08 change the name for CANPOTEX LIMITED |
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PRINCIPAL ACTIVITY |
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Canpotex Limited offers standard grade products for agricultural use,
including direct applications, bulk blending, and NPK formulations; and
granular grades for direct fertilizer applications. The company also provides
potash products for the manufacture of potassium hydroxide; for water
softeners; potash that is used as a road de-ice and an animal feed
supplement; and potash that is used in the preparation of hydraulic
fracturing solutions for oil well drilling to control swelling in certain
clay formations. |
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Products/Services description: |
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-Standard: grades are suitable for direct fertilizer application and for use in
various NPK formulations. -Granular: grades are increasing in popularity and suitable for direct fertilizer
application and in bulk blending with other fertilizer nutrients. -Industrial: grades are highly purified and used mainly as a raw material in a
variety of industrial applications. |
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Sales are: |
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Wholesale |
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Clients: |
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agriculture companies |
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Suppliers: |
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CHIUAN SHING CHEMICAL ENGINEERING CO., LTD |
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Operations area: |
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National, International |
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The company imports from |
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The company exports to Asia, Latin America, and |
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The subject employs 100 employees |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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111 - |
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Name of the Bank |
ROYAL BANK OF |
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BUSINESS
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HISTORY |
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The company was created in Canada (1970-07-21) asPOTEXCO LIMITED. In 1970-10-08 change the name for CANPOTEX LIMITED |
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PRINCIPAL ACTIVITY |
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Canpotex Limited offers standard grade products for agricultural use,
including direct applications, bulk blending, and NPK formulations; and
granular grades for direct fertilizer applications. The company also provides
potash products for the manufacture of potassium hydroxide; for water
softeners; potash that is used as a road de-ice and an animal feed
supplement; and potash that is used in the preparation of hydraulic
fracturing solutions for oil well drilling to control swelling in certain
clay formations. |
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Products/Services description: |
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-Standard: grades are suitable for direct fertilizer application and for use in
various NPK formulations. -Granular: grades are increasing in popularity and suitable for direct fertilizer
application and in bulk blending with other fertilizer nutrients. -Industrial: grades are highly purified and used mainly as a raw material in a
variety of industrial applications. |
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Sales are: |
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Wholesale |
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Clients: |
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agriculture companies |
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Suppliers: |
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CHIUAN SHING CHEMICAL ENGINEERING CO., LTD Seattle, Washington |
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Operations area: |
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National, International |
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The company imports from U.S.A., Australia, Brazil, China, India,
Indonesia, Japan, Korea, and Malaysia. |
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The company exports to Asia, Latin America, and Oceania. |
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The subject employs 100 employees |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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111 - 2ND AVENUE SOUTH SUITE 400, P.O. Box: 1600 SASKATOON SK S7K 3R7 Canada |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Companies: |
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The main shareholders of the company are: Agrium Inc. Suite 1700, 4582 South Ulster Street Denver, Colorado 80237 Phone: (303) 804-4400 Fax: (303) 267-1319 www.agrium.com Mosaic Canada Crop Nutrition, LP* Atria Corporate Center Suite E490 3033 Campus Drive Plymouth, MN 55441 USA 800.918.8270 763.577.2700 Fax 763.559.2860 www.mosaicco.com Potash Corporation of Saskatchewan Inc. Canada (Corporate Headquarters) Suite 500 122 - 1st Avenue South Saskatoon, SK Canada S7K 7G3 www.potashcorp.com |
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Management: |
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Steven Dechka President & Chief Executive Officer David Rogiani Senior Vice President, Marketing South Asia, Oceania and Europe Matthew Albrecht Senior Vice President, Marketing North Asia, Latin America and Brazil David Rogiani Senior Vice President, Marketing South Asia, Oceania and Europe Matthew Albrecht Senior Vice President, Marketing North Asia, Latin America and Brazil Andrew Law General Manager Hiro Ishii Managing Director Ted Nieman Senior Vice President, General Counsel & Corporate Secretary Dwayne Dahl Vice President, Finance & Chief Financial Officer Scott Rudderham Senior Vice President, Operations Debbie Tamke Vice President, Sales Administration Jon Somers Vice President, Planning & Development Kendra Kuse Vice President, Human Resources and Administration |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Ms. Jennifer who refused to provide us any
financial data on grounds of confidentiality. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
22,000,000 |
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The cash flow is |
NORMAL |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
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Local credit bureau gave a NORMAL credit rate. 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 42 years of experience in the market, where through
the time they have improved and expanded the products along the business. -Is a big sized company with 100 employees. -The company has business by agencies in Australia, Brazil, China,
India, Indonesia, Japan, Korea, and Malaysia. -The revenue is normal according with the activity, and the size of
the company. -A credit line may be considered for USD 300,000 |
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Jennifer |
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Position |
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Corporate represtative. |
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Comments |
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The person contacted, confirmed the number of employees, and the
address of the headquarters, however she denied to provide more information. |
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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.51.15 |
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1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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.