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Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
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Name : |
CANCARB LIMITED |
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Registered Office : |
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Country : |
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Year of Establishments: |
1973 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
· engages in developing, manufacturing, and marketing thermal carbon black. Subject also operates a power plant that uses waste heat
from the carbon black process to produce electricity for sale in Subject distributes furnace process carbon black for the
rubber industry in the |
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No. of Employees : |
70 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
Company name: CANCARB LIMITED
Address:
Canada
Telephone: +1
403-527-1121
Fax: +1 403-529-6093
Website: www.cancarb.com
Corporate ID#: 781410
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 11-30-1978
Date founded: 1973
Stock: -
Value: -
Name of manager: David
W. PETRIE
History:
The Company is issued from the merger of:
- CANCARB LIMITED (Feredal
ID# 259471)
- NORTHWEST NITRO-CHEMICALS LTD. (Federal ID# 708313)
Business:
Cancarb Limited engages in developing, manufacturing, and marketing
thermal carbon black. The company also operates a power plant that uses waste
heat from the carbon black process to produce electricity for sale in Medicine
Hat.
It distributes furnace process carbon black for the rubber industry in
the Americas. Its products are used in various applications, such as rubber,
re-factories, plastics, temperature insulation, metallurgy, concrete, carbon
composites, ceramics, specialties, and graphite applications.
The company distributes its products through a network of distributors
and agents in the Americas, Asia, Europe, Africa, and internationally.
Cancarb Limited was founded in 1973 and is based in Medicine Hat,
Canada. Cancarb Limited operates as a subsidiary of TransCanada PipeLines
Limited.
The Company exports to China, India, US, Colombia, and other countries.
Staff: 70
Operations & branches:
At the headquarters, we find
a large factory, warehouse and office, owned.
Shareholders:
TransCanada PipeLines Limited
450 – 1st Street SW
Calgary, Alberta T2P 5H1, Canada
TransCanada PipeLines Limited operates as an energy
infrastructure company in North America.
TransCanada PipeLines Limited reported unaudited consolidated earnings
results for nine months ended September 30, 2013.
For the nine months period, the company reported revenue CAD 6,465
million compared to CAD 5,918 million a year ago. Comparable EBITDA was CAD
3,568 million compared to CAD 3,193 million a year ago. Net income attributable
to common shares was CAD 1,333 million compared to CAD 1,023 million a year
ago. Comparable earnings were CAD 1,215 million compared to CAD 1,042 million a
year ago. Funds generated from operations were CAD 2,899 million compared to
CAD 2,448 million a year ago. Net cash provided by operations was CAD 2,636
million compared to CAD 2,547 million a year ago. Capital expenditures were CAD
3,030 million compared to CAD 1,555 million a year ago. Comparable EBIT was CAD
2,492 million compared to CAD 2,161 million a year ago. Income before income
taxes was CAD 1,819 million against CAD 1,457 million a year ago.
Management:
David W. Petrie has been the President of Cancarb Limited since November
2008.
He is also a Director.
Mr. Petrie has been with Cancarb since 1996, holding progressively
responsible management positions. He served as Director of Marketing at
Cancarb, responsible for global marketing of its Thermax-brand medium thermal
carbon black products as well as for customer service, logistics and quality
assurance.
Alexander J. POURBAIX is a Director.
Subsidiaries
And Partnership:
None
In Canada, privately held corporations
are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2012 is in excess of CAD 10,000,000+
The business is profitable.
Banks: HSBC Bank
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None