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Report Date : |
23.08.2013 |
IDENTIFICATION DETAILS
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Name : |
ADLER STEEL LIMITED |
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Registered Office : |
150 Consumer Road, Ste 503, Toronto, Ontario M2J 1P9 |
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Country : |
Canada |
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Date of Incorporation : |
14.06.2001 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Subject distributes and exports prime, excess, and secondary metal products in Canada and internationally. It provides engineering and project construction services, including steel rolling, continuous casting, steel making, and iron making. |
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No. of Employees : |
50 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaint |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Canada |
A1 |
A1 |
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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 |
CANADA - ECONOMIC OVERVIEW
As a high-tech industrial society in the trillion-dollar
class, Canada resembles the US in its market-oriented economic system, pattern
of production, and affluent living standards. Since World War II, the
impressive growth of the manufacturing, mining, and service sectors has
transformed the nation from a largely rural economy into one primarily
industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the
1994 North American Free Trade Agreement (NAFTA) (which includes Mexico)
touched off a dramatic increase in trade and economic integration with the US
its principal trading partner. Canada enjoys a substantial trade surplus with
the US, which absorbs about three-fourths of Canadian exports each year. Canada
is the US's largest foreign supplier of energy, including oil, gas, uranium,
and electric power. Given its great natural resources, highly skilled labor
force, and modern capital plant, Canada enjoyed solid economic growth from 1993
through 2007. Buffeted by the global economic crisis, the economy dropped into
a sharp recession in the final months of 2008, and Ottawa posted its first
fiscal deficit in 2009 after 12 years of surplus. Canada's major banks,
however, emerged from the financial crisis of 2008-09 among the strongest in
the world, owing to the financial sector's tradition of conservative lending
practices and strong capitalization. Canada achieved marginal growth in 2010-12
and plans to balance the budget by 2015. In addition, the country's petroleum
sector is rapidly becoming an even larger economic driver with Alberta's oil
sands significantly boosting Canada's proven oil reserves, ranking the country
third in the world behind Saudi Arabia and Venezuela.
Source
: CIA
Company name: ADLER STEEL LIMITED
Address: 150 Consumer Road, Ste 503, Toronto,
Ontario M2J 1P9 Canada
Telephone: +1
416-498-5559
Fax: +1 416-498-9727
Website: www.adlersteel.com
Corporate ID#: 3909492
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 06-14-2001
Stock: -
Value: -
Name of manager: Vijay M. LAL
Business:
Adler Steel Ltd. distributes and exports prime, excess, and secondary
metal products in Canada and internationally. It provides engineering and
project construction services, including steel rolling, continuous casting,
steel making, and iron making.
The company offers billets and blooms, slabs, merchant bars,
reinforcement bars, flat bars, wire rods, profiles, angles, channels, beams,
hot rolled sheets/coils, hot rolled plates, cold rolled sheets/coils, black
plate coils, stainless steel, tin plates, and alloy steels.
Adler Steel Ltd. was founded in 2001 and is based in Toronto, Canada.
The Company imports from Far East and exports to the U.S.A. , Central
and South America.
Staff: 50
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a LAL family owned and managed Company.
Management:
Indu LAL is the only Director and CFO.
Vijay M. LAL founded Adler Steel Ltd. in 2001 and serves as its Chief Executive
Officer. Mr. Lal has over 32 years international experience in the Steel
industry and provides logistical and directional support.
Subsidiaries
And partnership:
Adler Steel Limited
Tianjin, China
Adler Steel Singapore Pte Ltd.
Singapore
Adler Steel America LLC
Sunnyvale, CA USA
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2012 is in the range of CAD 25,000,000=
The business is profitable.
Banks: HSBC Bank
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.42 |
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|
1 |
Rs.102.09 |
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Euro |
1 |
Rs.87.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.