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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
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Name : |
PETRO-CANADA LUBRICANTS INC. |
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Registered Office : |
c/o PETRO-CANADA |
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Country : |
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Date of Incorporation : |
03.09.2008 |
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Legal Form : |
Corporation – Profit
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Line of Business : |
Subject blends, packages, and sells lubricants, specialty
fluids, and greases |
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No. of Employees |
460 |
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 : |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
As a high-tech industrial society in the trillion-dollar
class,
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Source
: CIA |
Company name: PETRO-CANADA LUBRICANTS INC.
Reg. address: c/o PETRO-CANADA
150 6th Avenue S.W., Calgary, Alberta T2P 3E3 - Canada
Address: 2310 Lakeshore Road W., Mississauga, Ontario L5J 1K2 -
Canada
Mailing address: PO Box 4048, Station A, Toronto, Ontario M5W 1L6 - Canada
Telephone: +1 905-822-4222
Fax: +1 905-804-3610
Website: www.lubricants.petro-canada.ca
Corporate ID#: 7037562
State: Federal
Judicial form: Corporation – Profit
Date incorporated: September 3, 2008
Date founded: 1943
Stock: -
Value: -
Name of
manager: Kris P. SMITH
History:
Name
changed from 7037562 CANADA INC. on 10-22-2009
Business:
Petro-Canada Lubricants Inc. blends, packages, and sells lubricants, specialty fluids, and greases.
The company offers factory fill automatic transmission fluids, including heavy duty diesel engine oils, hydraulic fluids/oils, natural gas engine oils, compressor fluids, white mineral oils, and food grade lubricants, as well as agricultural sprays, base oils, electrical transformer fluids, gear oils, and heat transfer fluids. It also provides pharmaceutical white oils; and aerosol sprays, trolley fluids, and chain fluids. The company serves customers in various industries, including food and beverage canning, general manufacturing, transportation, power generation, mining, forestry, agriculture, and plastics processing. It sells its products through a network of retail and wholesale outlets in Canada, as well as sells its products through a network of distributors internationally.
The company was founded in 1943 and is based in Mississauga, Canada.
It has locations in Chicago, Illinois; Warwick, United Kingdom; and Shanghai, China. The company has refineries in Edmonton, Sarnia, and Montreal, Canada; and Commerce City, Colorado.
Petro-Canada Lubricants Inc. operates as a subsidiary of Suncor Energy Inc.
Exports worldwide.
Staff: 460
Operations & branches:
At the
headquarters, we find a refinery, warehouse and office, owned.
The Company
has refineries in Edmonton, Sarnia, and Montreal, Canada; and Commerce
City, Colorado.
Shareholders:
SUNCOR ENERGY INC.
150 6th Avenue S.W., Calgary, Alberta T2P 3E3 – Canada
Management:
Kriss P. SMITH is the Director.
He is Executive Vice President of the Company.
Since joining Suncor in 2000, Kris has held a variety of roles. Most recently, he served as Suncor’s senior vice president, Supply Trading & Corporate Development, where he was responsible for marketing, logistics and energy trading, corporate strategic planning and development, and the company’s business process and information services. Kris has also held positions in the General Counsel’s office, the U.S. downstream business and at Suncor’s Oil
Sands operation.
Kris obtained his bachelor of arts with honours from the University of Alberta in 1992, and his bachelor of laws from Dalhousie University in 1995.
He is a member of the Alberta and Colorado bars. Prior to joining Suncor, Kris was a lawyer at a respected law firm in Calgary, Alta.
Kris sits on the board of directors for the Canadian Fuels Association.
Subsidiaries
And partnership: Several worldwide
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 2013 is in the range of CAD 400,000,000+
The
business is profitable.
Banks: Scotia Bank
Royal Bank of Canada
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC): Several
Haut du formulaire
Trade
references:
Date
reported: July 2014
High
credit: CAD 90,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: July 2014
High
credit: CAD 600,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
Line of
business: Payroll
Paying status: As agreed
Date
reported: July 2014
High
credit: CAD 3,000
Now owing: 0
Past due: 0
Last
purchase: June 2014
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 a strong business.
The Company
is in good standing.
This means that
all local and federal taxes were paid on due date.
Last report
was filed on 06-30-2013.
The risk is
low.
Our
opinion:
A business
connection may be conducted.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.06 |
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1 |
Rs.101.84 |
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Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIS |
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 |
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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.