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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
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Name : |
G.A. PAPER INTERNATIONAL INC. |
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Registered Office : |
327 Renfrew Drive, Ste 102, Markham, Ontario L3R 9S8 |
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Country : |
Canada |
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Date of Incorporation : |
27.03.1986 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Pulp and paper trading company |
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No. of Employees : |
28 |
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 : |
Good |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 and 2011 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: G.A. PAPER INTERNATIONAL INC.
Address: 327 Renfrew Drive, Ste
102, Markham, Ontario L3R 9S8 –
Canada
Telephone: +1
905-479-7600
Fax: +1 905-479-8714
Website: www.gapaperintl.com
Corporate ID#: ON-000660949
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-27-1986
Stock: -
Value: -
Name of manager: Ibrahim
EL-GAMMAL
Business:
G.A. Paper International, Inc. operates as a pulp and paper trading
company in the Middle East, North Africa, and Mediterranean Europe.
It specializes in corrugated containerboards, such as kraft linerboards,
corrugating medium/semi-chemical fluting, and white-top kraft liners; and
bleached kraft pulps, which include softwood, hardwood, eucalyptus, and fluff.
The company also provides test liners, recycled medium/fluting, mottled kraft
liners, recycled white-top liners, and sack krafts, as well as newsprint and
woodfree paper.
It serves the customers in Egypt, Saudi Arabia, the United Arab
Emirates, Yemen, Oman, Bahrain, Kuwait, Jordan, Lebanon, Syria, Morocco,
Algeria, Tunisia, Libya, Turkey, Greece, Cyprus, Malta, Bangladesh, Pakistan,
and Korea.
G.A. Paper International, Inc. was founded in 1986 and is based in
Markham, Canada.
Suppliers include:
HAYAT KIMYA SANAYI A.S.
Mahir Iz Caddesi No 23, Altunizade, Istanbul, 34662, Turkey
Staff: 28
Operations & branches:
At the headquarters, we
find a warehouse and office.
Shareholders:
Ibrahim EL-GAMMAL is the
founder and major shareholder.
Management:
Ibrahim EL-GAMMAL is the President and CEO.
Dr. El-Gammal held senior Scientific and Engineering Positions at the
Research and Development departments of 3m, Xerox, Gulf Oil and Petro-Canada.
Dr. El-Gammal holds a Bachelor's Degree in Chemical Engineering from
Cairo University, Master of Applied Science from the University of Waterloo,
Canada, Ph. D in Chemical Engineering from the University Waterloo and a Master
of Management Science Degree from the University Waterloo.
Mohamed Azzam serves as Vice President of G.A. Paper International, Inc.
Dr. Azzam is a Professional Engineer in the Province of Ontario-Canada.
Dr. Azzam held academic and teaching positions at Universities in
Canada, Egypt and Saudi Arabia. Dr. Azzam also held senior scientific and engineering
positions at the research and development departments of 3m, Xerox, Gulf Oil
and Petro-Canada. Dr. Azzam received a Bachelor's degree in Chemical
Engineering from Cairo University-Egypt, Master's of Applied Science degree
from University of Waterioo-Canada and a Ph.D in Chemical Engineering from
university of Waterioo-Canada.
Osama Ramadan serves as a Vice President at G.A. Paper International,
Inc. and G.A. Paper International (USA), Inc. Mr. Ramadan serves as the
President and Principal at Ramtech Overseas, Inc. Prior to this, Mr. Ramadan
was employed with Construction Specialties International USA and Formic(A)
International UK. He completed his Business education at Philadelphia
University.
Subsidiaries
And partnership:
G.A. Paper International (USA) Inc.
5017 W. Laurel Street
Tampa, FL 33607
USA
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2011 is in the range of CAD 300,000,000=
The business is profitable.
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None