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Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ASA ALLOYS WESTERN CANADA INC. |
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Registered Office : |
81 Steinway Blvd, Etobicoke, Ontario M9W 6H6 |
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Country : |
Canada |
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Year of Incorporation : |
1983 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· distributor of specialty metal products. · Subject offers stainless, aircraft, aluminum, nickel, and titanium alloys, as well as vacuum arc remelted steels, bronze, beryllium copper, and stainless and carbon steel plates. · Subject also provides grinding, gun drilling, heat treating, water jet cutting, shearing, threading, saw cutting, plasma and flame cutting, and metal polishing services · Subject products are used in various applications, including aerospace, oil and gas, machinery, petro chemical, pipes, metal fabricating, pulp and paper, steel mills, and transportation. · Subject operates as a subsidiary of Commercial Sheet Metal, Inc. |
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No of Employees : |
150 |
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 |
Company name: ASA ALLOYS WESTERN CANADA INC.
Address: 81 Steinway Blvd,
Etobicoke, Ontario M9W 6H6 - Canada
Telephone: +1
416-213-0000
Fax: +1
416-213-9507
Website: www.asaalloys.com
Corporate ID#: AB-2011910128
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: October
9, 2005
Date founded: 1983
Name of manager: Ward
SEYMOUR
Business:
The Company is also doing
business as ASA ALLOYS INC.
ASA Alloys Inc. distributes specialty metal products.
It offers stainless, aircraft, aluminum, nickel, and titanium alloys, as
well as vacuum arc remelted steels, bronze, beryllium copper, and stainless and
carbon steel plates. The company also provides grinding, gun drilling, heat
treating, water jet cutting, shearing, threading, saw cutting, plasma and flame
cutting, and metal polishing services. Its products are used in various
applications, including aerospace, oil and gas, machinery, petro chemical,
pipes, metal fabricating, pulp and paper, steel mills, and transportation.
The company was founded in 1983 and is based in Etobicoke, Canada.
ASA Alloys Inc. operates as a subsidiary of Commercial Sheet Metal, Inc.
Suppliers include:
VIRAJ PROFILES LTD.
10 IMPERIAL CHAMBERS, 1ST FLOOR WILSON ROAD,
BALLARD ESTATE CHINA
YUEN CHANG STAINLESS STEEL CO LTD.
13F, NO.235 JUNGJENG 4TH ROAD CHIANJIN CHIU KAOHSIUNG TAIWAN
Staff: 150
Operations & branches:
At the headquarters, we find a warehouse and office, owned.
The Company maintains branches located:
1351J Kelly Lake Road
Sudbury, Ontario P3E 5P5
1195 Michener Road
Sarnia, Ontario N7S 4W3
61 Paramount Road
Winnipeg, Manitoba R2X 2W6
20 Challenger Crescent
Sherwood Park, Alberta T8H 2R1
810 57th Street east
Saskatoon, Saskatchewan S7K 5Z1
170
English Dr.
Moncton, New Brunswick E1E 4K6
Shareholders:
Commercial Sheet Metal, Inc.
5320 Bradco Boulevard
Mississauga, Ontario L4W 1G7
Canada
Management:
Ward SEYMOUR is the
President.
Graduate from Sheridan
College in 1977
Present here since 198.
Tom CAMPBELL is Executive Vice
President
Ian JONES, Vice President
of Finance
Subsidiaries and Partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2013 is in excess of CA 50,000,000+
The business is said to be
profitable.
Banks: Royal Bank of Canada
Scotia Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None