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Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL PAPER EXPORT CO. LTD. |
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Registered Office : |
1198 Rue de la Montagne, Montreal, Quebec H3G 1Z1 |
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Country : |
Canada |
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Year of Establishments: |
1971 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
marketer and
distributor of pulp and paper
products. |
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No. of Employees : |
15 |
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 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 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 an affluent, 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.
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Source : CIA |
Company name: UNIVERSAL PAPER EXPORT CO. LTD. (in
English)
LA COMPAGNIE UNIVERSELLE
D’EXPORTATION DE PAPIER LTEE (in French)
Address: 1198 Rue de la Montagne, Montreal,
Quebec H3G 1Z1 - Canada
Telephone: +1
514-878-1906
Fax: +1 514-878-1943
Website: www.upec.com
Corporate ID#: 276371
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 02-15-1978
Date founded: 1971
Stock: -
Value: -
Name of manager: Arun
MEHRA
Business:
marketer and distributor of pulp and paper products.
Based in Montreal, Universal Paper is a paper merchant and broker with
several years experience in the international pulp and paper industry.
It provides printers and packaging companies with high quality paper and
board products.
The Company exports to various countries.
Staff: 15
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
DARRAM INC.
14505 Bannister Road S.E., Calgary, Alberta T2X 3J3 - Canada
Management:
Arun MEHRA is the President
He replaced Ravinder MEHRA
Rakhmander MEHRA is Secretary.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And Partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in the range of CAD 6,000,000=
The business is said to be
profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None