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Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
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Name : |
CANPOTEX LIMITED |
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Registered Office : |
111 2nd Avenue South, Ste 400, Saskatoon, Saskatchewan S7K
3R7 |
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Country : |
Canada |
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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 : |
· Engaged in marketing and distributing potash products to customers principally in Asia, Latin America, and Oceania. · Subject offers standard grade products for agricultural use, including direct applications, bulk blending, and NPK formulations; and granular grades for direct fertilizer applications. · Subject 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 Employees : |
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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 high 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 merchandise exports each
year. Canada is the US's largest foreign supplier of energy, including oil,
gas, uranium, and electric power. Given its abundant 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 2010-13 and plans to balance the budget by 2015. In
addition, the country's petroleum sector is rapidly expanding, because Alberta's
oil sands significantly boosted Canada's proven oil reserves. Canada now ranks
third in the world in proved oil reserves behind Saudi Arabia and Venezuela
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Source
: CIA |
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
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 to South and Central America.
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