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Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
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Name : |
NORTH RIM PULP AND PAPER, INC. |
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Registered Office : |
21 Water Street, Ste 501, Vancouver, British Columbia v6b 1a1 |
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Country : |
Canada |
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Date of Incorporation : |
11.01.2008 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is exporter and wholesaler of prime pulp and off-quality pulp |
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No. of Employees : |
3 |
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
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 |
NORTH RIM PULP AND
PAPER, INC.
Address: 21 Water Street, Ste 501
Vancouver, British Columbia v6b 1a1 – Canada
Telephone: +1
604-200-8700
Fax: +1 866-858-0358
Website: www.nrppi.com
Corporate ID#: BC-0000813499
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: January
11, 2008
Stock: -
Value: -
Name of manager: Ken
GRENIER
Business:
The Company is exporter and wholesaler of prime pulp and off-quality
pulp.
Clients include:
FUJIAN XIYUAN PAPER CO, LTD
WUZHAI INDUSTRIAL AREA, WUZHAI COUNTRY, JIAOMEI TOWN, LONGHAI CITY,
FUJIAN PROVINCE CHINA
TIANJINSHI ZISHENG CO LTD
4-3-102, YIXIANGYUAN, NO 47, 11 JING ROAD, HEDONG DIS, TIANJIN, CHINA
Staff: 3
Operations & branches:
At the headquarters, we find
the corporate office, on lease.
Shareholders:
Wilfried Heinzel AG
Wagramer Strasse 28-30
1223 Vienna - Austria
Ph : +43-1-260 11-401
Fx : +43-1-260 11-402
Management:
Ken GRENIER is the President, Director and CEO.
He is President and founding partner of North Rim Pulp and Paper.
Ken has over 20 years experience in the Pulp and Paper Industry and has
worked in various senior management capacities. He has a strong entrepreneurial
spirit and a solid reputation in the industry.
Ken sits on two non-profit boards. He serves as treasurer of The Goh
Vancouver Youth Ballet Society, and Vice Chair of Phoenix Gymnastics
Society.
Mike DAVIS is the Sales Manager.
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 2013 is in the range of CAD 1,500,000=
The business is profitable.
Banks: Royal Bank of Canada
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: May 2014
High credit: CAD 8,000
Now owing: 0
Past due: 0
Last purchase: April
2014
Line of business: Payroll
Paying status: As agreed
Date reported: May 2014
High credit: CAD 300
Now owing: 0
Past due: 0
Last purchase: April 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 a
regular 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
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.59.26 |
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1 |
Rs.99.63 |
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Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NNA |
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.