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Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ALLIANCE GRAIN TRADERS INC. |
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Registered Office : |
P.O. Box 30029, No. 1 Highway East, Regina, saskatchewan S4N 7K9 |
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Country : |
Canada |
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Date of Incorporation : |
21.09.1932 |
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Legal Form : |
Corporation – Profit LLC |
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Line of Business : |
Engages in sourcing, processing, distributing, and exporting pulses
and staple food products worldwide. |
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No. of Employees : |
700 |
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 – March 31st, 2013
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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 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 |
ALLIANCE GRAIN TRADERS INC.
Your order on: SASKCAN PULSE TRADING
SASKCAN PULSE TRADING INC. was incorporated in Saskatchewan on 07-30-2001
under ID# SK-0101024271, and merged into ALLIANCE GR1AIN TRADERS INC.
SASKCAN PULSE TRADING is now a trade name incorporated on 07-31-2001
under ID# TM-1387321, owned by:
Company name: ALLIANCE GRAIN TRADERS INC.
Address: P.O. Box 30029, No. 1 Highway East
Regina, saskatchewan S4N 7K9 –
Canada
Telephone: +1
306-525-4490
Fax: +1 306-525-4463
Website: www.alliancegrain.com
Corporate ID#: ON-0002210951
State: Ontario
Judicial form: Corporation – Profit LLC
Date incorporated: July 2,
2009
Date founded: September 21, 1932
Stock: 19,828,852
shares issued and outstanding
Market value: CAD
236,359,916=
Name of manager: Murad
AL-KATIB
Business:
Alliance Grain Traders Inc. engages in sourcing, processing,
distributing, and exporting pulses and staple food products worldwide.
The company offers red, green, and yellow lentils; yellow and green
whole and split peas; kabuli, desi, and split desi chickpeas; white, navy,
romano, pinto, barbunya, dark and light red kidney, faba, black, and red beans;
milled durum wheat products, such as pasta, semolina, and bulgur products; food
ingredients, including flour, protein, starch, and fiber derived from pulses,
durum wheat, and rice; and other products comprising rice, popcorn, sunflower
seeds, canary seeds, flax seeds, edible oils, feed items, spices, and other
commodities.
It is also involved in trading edible oils and crystal sugar, vegetable
oils, salt, potatoes, and fresh fruits and vegetables. The company markets its
products to importers, canners, packaging companies, wholesalers, and distributors.
Alliance Grain Traders Inc. is headquartered in Regina, Canada.
Through its subsidiaries in Turkey, the Arbel Group, AGT also produces
staple foods such as Arbella Pasta, rice, and milled wheat products, including
bulgur and semolina.
Staff: 700
Operations & branches:
At the headquarters, we
find the corporate headquarters, a factory and warehouse, owned.
Shareholders:
The Company is listed with
the Toronto Stock Exchange under symbol AGT.
Management:
Murad Al-Katib serves as the Chief Executive Officer and President of
Alliance Grain Traders Inc. Mr. Al-Katib serves as the Chief Executive Officer
and President of Alliance Pulse Processors Inc.
He served as the Chief Executive Officer and President of Saskcan Pulse
Trading Inc., a Division of Alliance Pulse Processors Inc. Mr. Al-Katib served
as Chairman of the Board of Trustees of Alliance Grain Traders Inc., since
January 2008 and Trustee since August 1, 2007. Mr. Al-Katib co-founded Saskcan
in 2001 and led its expansion as processor and seller of pulses and specialty
crops., over the next six years as its President and Chief Executive Officer.
In 2005, he was elected to Board of Directors of the Canadian Special Crops
Association ("CSCA") and Pulse Canada, the national association for
the pulses and specialty crops industry. He served as the President of the CSCA
and Vice Chair of Pulse Canada since 2006. Also in 2006, he was appointed to
the Advisory Board for Small and Medium Enterprise for the Canadian Minister of
International Trade, David Emerson. He has been a Director of Alliance Grain
Traders Inc. since August 01, 2007. He serves as a Director of Saskcan Pulse
Trading, Inc., and Saskcan Pulse Trading Inc. He served as a Trustee of
Alliance Grain Traders Inc. since August 1, 2007.
In October 2004, Mr. Al-Katib was selected as the Prairie Regional
Winner of the Ernst and Young Emerging Entrepreneur of the year for 2004. In
May 2005, he was named one of Canada's Top 40 under 40 years old in Canada by
the Caldwell Partners and the Globe and Mail. In 2006, Murad was awarded a
Saskatchewan Centennial Medal as an outstanding business leader by
Saskatchewan's Lieutenant- Governor.
Mr. Al-Katib graduated from the University of Saskatchewan with a Bachelor
of Commerce with Distinction in Finance and finished his Master of
International Management with Distinction from the American Graduate School of
International Management (Thunderbird) in Arizona.
Huseyin Arslan is the Executive Chairman.
He founded Alliance Pulse Processors, Inc. Mr. Arslan is a Co-Founder of
Saskcan Pulse Trading Inc. He has 25 years experience in the international food
and agricultural products. He serves as an Executive Chairman of Alliance Grain
Traders Inc and has been its Director since January 31, 2008. He serves as a
Director of Alliance Pulse Processors Inc. He has been a Director of Alliance
Grain Traders Income Fund since January 31, 2008. He serves as a Director of
Arbel Pulse and Grain Industry SA, Durum Gida SA, European Tobacco SA in
Turkey. He serves as a Director of Alliance's subsidiaries United Pulse Trading
Inc. in North Dakota and Australia Milling Group.
Mr. Arslan holds Bachelor of Science in Electronics Engineering from
Middle East Technical University in Turkey.
Gaetan BOURASSA is the COO
Mr. Lori IRELAND is the CFO.
Subsidiaries
And partnership: Several
subsidiairies worldwide.
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12/2012 |
12/2011 |
12/2010 |
12/2009 |
12/2008 |
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Total Revenue |
855,325 |
759,974 |
642,140 |
387,888 |
328,672 |
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Total Net Income |
6,812 |
(8,461) |
18,966 |
29,941 |
22,205 |
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Banks: Royal Bank of Canada
Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
Several
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.95 |
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1 |
Rs.83.80 |
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Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.