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Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
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Name : |
G.A. PAPER INTERNATIONAL, INC. |
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Registered Office : |
327 Renfrew Drive, Ste 102, Markham, Ontario L3R 9S8 |
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Country : |
Canada |
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Date of Incorporation : |
27.03.1986 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject operates as a trading company that specializes in
paper, board, and pulp |
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No. of Employees |
28 |
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: G.A. PAPER INTERNATIONAL, INC.
Address: 327 Renfrew Drive, Ste 102, Markham, Ontario L3R 9S8 – Canada
Telephone: +1 905-479-7600
Fax: +1 905-479-8714
Website: www.gapaper.com
Corporate ID#: ON-000660949
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-27-1986
Stock: -
Value: -
Name of
manager: Ibrahim EL-GAMMAL
Business:
G.A. Paper International Inc. operates as a trading company that specializes in paper, board, and pulp sales in Canada and internationally.
It sells containerboards that are used in the manufacture of corrugated boxes; paper grade wood pulp, which is used as a raw material in the manufacture of tissues, printing and writing papers, and boards; and fluff pulp that is primarily used in the manufacture of diapers and other absorbent products, such as bed pads, feminine hygiene supplies, and meat pads.
The company also offers a range of services that include access to trade finance, currency management, shipping and logistics, and after sales support. G.A. Paper International Inc. was founded in 1986 and is based in Markham, Canada.
On January 17, 2014, G.A. PAPER INTERNTIONAL INC., announced that it has acquired the merchant operation FIRN OVERSEAS PACKAGING LTD. (Firn) from the Mondi Group.
Headquartered in Hungerford, UK, Firn is a leading supplier of containerboard, packaging materials and related products, mainly to Africa and South Asia.
The addition of Firn provides G.A. Paper's Group of Companies with a greater presence in Sub-Saharan Africa and the Indian Sub-Continent, both identified by G.A. Paper as key growth regions.
No name of foreign suppliers available.
Staff: 28
Operations & branches:
At the
headquarters, we find the corporate office, on lease.
Shareholders:
This is a
private Company.
Ibrahim
EL-GAMMAL is the founder.
Management:
Ibrahim EL-GAMMAL is the President and CEO.
He held senior Scientific and Engineering Positions at the Research and Development departments of 3m, Xerox, Gulf Oil and Petro-Canada.
Dr. El-Gammal holds a Bachelor's Degree in Chemical Engineering from Cairo University, Master of Applied Science from the University of Waterloo, Canada, Ph. D in Chemical Engineering from the University Waterloo and a Master of Management Science Degree from the University Waterloo.
Mohamed AZZAM serves as Vice President of G.A. Paper International, Inc.
Dr. Azzam is a Professional Engineer in the Province of Ontario-Canada.
He held academic and teaching positions at Universities in Canada, Egypt and Saudi Arabia. Dr. Azzam also held senior scientific and engineering positions at the research and development departments of 3m, Xerox, Gulf Oil and Petro-Canada.
Dr. Azzam received a Bachelor's degree in Chemical Engineering from Cairo University-Egypt, Master's of Applied Science degree from University of Waterloo-Canada and a Ph.D in Chemical Engineering from university of Waterloo-Canada
Osama RAMADAN serves as a Vice President at G.A. Paper International, Inc. and G.A. Paper International (USA), Inc. Mr. Ramadan serves as the President and Principal at Ramtech Overseas, Inc. Prior to this, Mr. Ramadan was employed with Construction Specialties International USA and Formic(A) International UK. He completed his Business education at Philadelphia University.
Subsidiaries
And partnership:
G.A. PAPER
INTERNATIONAL (USA) INC.
5017 W.
Laurel Street, Tampa, FL 33607 - USA
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 6,000,000=
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: None
Haut du formulaire
Trade references:
Date
reported: March 2014
High
credit: CAD 30,000
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of
business: Office supply
Paying
status: On terms
Date
reported: March 2014
High
credit: CAD 50,000
Now owing: 0
Past due: 0
Last
purchase: February 2014
Line of
business: Payroll
Paying
status: As agreed
Date
reported: March 2014
High
credit: CAD 800
Now owing: 0
Past due: 0
Last
purchase: February 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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 59.32 |
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|
1 |
Rs. 99.41 |
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Euro |
1 |
Rs. 80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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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.