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Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIVAR CANADA LTD. |
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Registered Office : |
9800 Van Horne Way, Richmond, British Columbia V6X 1W5 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2008 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject distributes industrial and crop protection chemicals in
Canada. |
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No. of Employees : |
780 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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) |
|
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: UNIVAR CANADA LTD.
Address: 9800
Van Horne Way, Richmond, British Columbia V6X 1W5
Canada
Telephone: +1
604-273-1441
Fax: +1 604-273-2043
Website: www.univarcanada.com
Corporate ID#: AB-2013713090
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: 01-01-2008
Date founded: 1950
Stock: -
Value: -
Name of manager: Larry
BULLOCK
Business:
Univar Canada Ltd. distributes industrial and crop protection chemicals
in Canada. It offers agricultural chemicals, micronutrient products, resins and
polymers, elastomers, reinforcements, mineral fillers, color pigments and
dispersions, plasticizers, rubber accelerators, polymer stabilizers, monomers
and intermediates, acids and bases, surfactants and solvents, organic and
inorganic salts, inhibitors, additives, titanium dioxide, defoamers, and
biocides; raw materials for products ranging from personal care, soaps, and
detergents to metal cleaning and plating; food and beverage ingredients ranging
from acidulants and emulsifiers to polyols and preservatives; chemical products
for use at various stages of production ranging from sap stain prevention to
pulp and paper manufacturing; chemical and related products for use at various
stages of production ranging from crushing and concentration to smelting; feed
ingredients to animal feed manufacturers; chemicals for the pharmaceutical
industry; and water treatment products for disinfection, coagulation and
flocculation, corrosion and odor control, pH control, foam control, ion
exchange, and solids breakdown.
The company also offers bulk tank storage monitoring, analysis
management and distribution certification, custom blending, just-in-time
delivery, private label packaging, repackaging, tank telemetry, tank truck
deliveries, transloading, and vendor-managed inventory services.
It serves agriculture, compounding and formulating, chemical
manufacturing, coatings, adhesives, sealants, elastomers, energy, food, forest
products, mining, personal care, pharmaceutical, third party warehousing and
distribution, vegetation management, waste management, and water treatment
industries.
Univar Canada Ltd. was formerly known as Vopak Canada Ltd. and changed
its name to Univar Canada Ltd. in July 2002.
The company was founded in 1950 and is based in Richmond, Canada.
Staff: 780
Operations & branches:
At above address, we find
the corporate headquarters, owned.
The Company maintains 25 branches
in Canada
Shareholders:
UNIVAR HOLDCO CANADA III ULC
(subsidiary of UNIVAR N.V.)
Management:
Randy CRADDOCK is the
President, Director and CEO
He has been President of Global Agriculture and Environmental Sciences
at Univar Inc. since December 2012. Mr. Craddock serves as President and
Principal Officer Univar Canada Ltd. Mr. Craddock served as President of Univar
Canada Ltd.at Univar Inc. since January 2006. Mr. Craddock began his career
with Univar in 1981. During his tenure, he has served in a number of capacities
including Regional Vice President of Western Canada, General Manager of Prairie
Provinces, General Sales Manager of Southern Alberta, and Technical Sales
Representative, first in Regina and then in Edmonton. He served as Vice
President of Western Canada at Univar Canada Ltd.
Mr. Craddock graduated from the British Columbia Institute of Technology
in Marketing, Transportation and Distribution Management.
Joel KALINER is the CFO.
Subsidiaries
And partnership: None
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 1.4 billion.
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
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, payments of
imports are currently made on terms.
The Company maintains a
regular business.
The Company is in good
standing.
This means that all local and
federal taxes were paid on due date.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.56.74 |
|
UK Pound |
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.