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Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
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Name : |
SKOOKUMCHUCK PULP INC. |
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Registered Office : |
4501 Farstad Way, Skookumchuck, British Columbia V0B 2E0 |
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Country : |
Canada |
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Date of Incorporation : |
17.04.2013 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Pulp Mill |
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No. of Employees : |
290 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Busines |
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Payment Behaviour : |
-- |
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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 |
|
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: SKOOKUMCHUCK PULP INC.
Address: 4501 Farstad Way, Skookumchuck,
British Columbia V0B 2E0, Canada
Telephone: +1
250-422-3261
Fax: +1 250-422-3085
Website: -
Corporate ID#: BC-0000967707
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 04-17-2013
Stock: -
Value: -
Name of manager: Raymond
SUN
Business:
On March 2013, TEMBEC INC.
sells its NBSK pulp mill and related assets and liabilities located in
Skookumchuck, BC, to Paper Excellence Canada Holdings Corporation, for a purchase price of
CAD 89,000,000, which includes working capital.
The Company produces 650 metric tons per day of premium grade softwood
pulp for markets in North America and Asia.
Staff: 290
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
PAPER EXCELLENCE CANADA HOLDINGS CORPORATION
10551 Shellbridge Way, Ste 95
Richmond, BC V6X 2W8 - Canada
Paper Excellence Canada Holdings Corporation operates pulp and paper
mills. The company is based in Richmond, Canada. Paper Excellence Canada
Holdings Corporation operates as a subsidiary of Paper Excellence B.V.
Management:
Raymon SUN is the Manager.
No antecedents available.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
We called both SKOOKUMCHUCK PULP
INC. and its parent company PAPER EXCELLENCE CANADA HOLDINGS CORPORATION but nobody was available to answer our questions.
We sent a fax but no answer
received.
No financials available at
this time.
Banks: Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Haut du formulaire
Trade references:
Date reported: October 2013
High credit: CAD 350,000
Now owing: 0
Past due: 0
Last purchase: September 2013
Line of business: Payroll
Paying status: As agreed
Date reported: October 2013
High credit: CAD 1,200
Now owing: 0
Past due: 0
Last purchase: September 2013
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
Other comments:
The Company is developing
its 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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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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 |
|
<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.