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Report Date : |
29.12.2014 |
IDENTIFICATION DETAILS
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Name : |
CANPOTEX LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.10.1981 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
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Markets and distributes potash products ·
Subject offers standard grade products for agricultural
use, including direct applications, bulk blending, and NPK formulations; and
granular grades for direct fertilizer applications. ·
The company also provides potash products for the
manufacture of potassium hydroxide; for water softeners; potash that is used
as a road de-ice and an animal feed supplement; and potash that is used in
the preparation of hydraulic fracturing solutions for oil well drilling to
control swelling in certain clay formations. |
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No. of Employee : |
85 |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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: CANPOTEX LIMITED
Address: 111 2nd Avenue South, Ste
400 Saskatoon, Saskatchewan S7K 3R7 - Canada
Telephone: +1
306-931-2200
Fax: +1 306-653-5505
Website: www.canpotex.com
Corporate ID#: 35289-6
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 10-21-1981
Date founded: 1970
Stock: -
Value: -
Name of manager: Steven
DECHKA
Business:
Canpotex Limited markets and distributes potash products to customers
principally in Asia, Latin America, and Oceania.
It offers standard grade products for agricultural use, including direct
applications, bulk blending, and NPK formulations; and granular grades for direct
fertilizer applications.
The company also provides potash products for the manufacture of
potassium hydroxide; for water softeners; potash that is used as a road de-ice
and an animal feed supplement; and potash that is used in the preparation of hydraulic
fracturing solutions for oil well drilling to control swelling in certain clay
formations.
In addition, it offers potash products that are used by food processors
and pharmaceutical manufacturers in various products.
Furthermore, the company provides full load port agency services for
Canpotex potash shipments through the Port of Vancouver; and forwarding agency
services for cargoes of potash, sulphur, and grain.
It serves customers in Australia, Brazil, China, India, Indonesia,
Japan, Korea, and Malaysia.
The company markets products through ocean transportation and railcars.
Canpotex Limited was founded in 1970 and is based in Saskatoon, Canada
subsidiary offices in Singapore; Hong Kong; Tokyo, Japan; and West Vancouver,
Canada.
The Company exports worldwide.
Last news:
On April 24, 2014, Canpotex signed a contract to deliver 120,000 tons of
potash to Bangladesh with an option for an additional 60,000 tons.
The one-year deal is valued at $40 million for the first installment
with the optional deliveries estimated at $20 million. This is the first
contract to supply Bangladesh and its emerging agricultural economy since 1992.
It is estimated that Bangladesh purchases approximately 600,000
tons/year of potash.
On April 4, 2014, Canpotex Limited announced that it has agreed to an
annual contract with its government and private sector partners in India to
supply approximately 1 million tonnes of potash at a price of $322.00 per ton
on a CFR basis.
On January 24, 2014, Canpotex Limited announced that it has reached
agreement with Sinochem Fertilizer Macao Commerical Offshore Ltd. for the
supply of 700,000 metric tonnes of potash to China during the first half of
2014.
This new contract is priced at current and competitive market levels.
Staff: 85
Operations & branches:
At the headquarters, we
find a large warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
The Board of Directors includes Stephen F. DOWDLE, William J. DOYLE,
James T. PROKOPANKO, Steven DECHKA, Ron A. WILKINSON, Charles V. MAGRO,
and Richard N. MCLELLAN.
Steven DECHKA is the President and CEO.
Dwayne DAHLE is the CFO.
Subsidiaries and
partnership:
CANPOTEX (HONG KONG) LIMITED
Unit 2206, Westlands Centre, 20 Westlands Road, Quarry Bay, Hong Kong
CANPOTEX INTERNATIONAL CANADA INC.
100 Park Royal South, Suite 1111, West Vancouver, BC V7T 1A2,
Canada and others.
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 25,000,000+
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: Several
TRADE REFERENCES:
Date reported: December 2014
High credit: CAD 50,000
Now owing: 0
Past due: 0
Last purchase: November 2014
Line of business: Office supply
Paying status: On terms
Date reported: December 2014
High credit: CAD 120,000
Now owing: 0
Past due: 0
Last purchase: November 2014
Line of business: Payroll
Paying status: As agreed
Date reported: December 2014
High credit: CAD 1,100
Now owing: 0
Past due: 0
Last purchase: November 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 maintains 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.64 |
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1 |
Rs.98.98 |
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Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.