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Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
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Name : |
AZELIS CANADA CHEMICALS LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.05.1986 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
distributor of specialty chemicals in Subject supplies coatings to the paint and varnish, adhesives and
sealants, inks, and building and construction industries; food ingredients,
such as acidifiers, preservatives, and sweeteners; ingredients for bakery,
beverage, confectionary, dairy and dessert, health and sports nutrition, meat
and fish, convenience, and smoke products; health products, including healthy
aging, digestion, and weight control products, as well as nutrition
supplements; and active pharmaceutical ingredients, encapsulated flavors,
medical devices, oral healthcare products, antimicrobial products and
preservatives, suppository ingredients, healthcare products, and basic
excipients. |
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No. of Employees |
50+ |
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: AZELIS CANADA CHEMICALS LTD.
Address:
Canada
Telephone: +1
416-299-7772
Fax: +1 416-299-0296
Website: www.azelis.com
Corporate ID#: 8066744
State: Federal
Judicial form: Federal Corporation – Profit
(A
Federal Corporation is allowed to do business in all the Country)
Date incorporated: 02-21-2012
Date founded: 05-14-1986
Stock: -
Value: -
Name of manager: Tony KRASKE
History:
Business issued from the merger of:
AZELIS CANADA CHMICALS LTD.
Federal ID# 2040026
and
PEARLCHEM DISTRIBUTORS INC.
Federal ID# 2239469
Business:
Azelis Canada Chemicals distributes specialty chemicals in Europe and
internationally.
It supplies coatings to the paint and varnish, adhesives and sealants,
inks, and building and construction industries; food ingredients, such as
acidifiers, preservatives, and sweeteners; ingredients for bakery, beverage,
confectionary, dairy and dessert, health and sports nutrition, meat and fish,
convenience, and smoke products; health products, including healthy aging,
digestion, and weight control products, as well as nutrition supplements; and
active pharmaceutical ingredients, encapsulated flavors, medical devices, oral
healthcare products, antimicrobial products and preservatives, suppository
ingredients, healthcare products, and basic excipients.
The company also distributes specialty and commodity chemicals for use
in the chemical producers and pharmaceuticals, I&I/household and cleaning,
lubricants/metal working fluids, paper, agrochemicals, textile and leather,
water treatment, building, wood preservation, agriculture and horticulture,
electronics and salt industries; and feed additives and materials to the animal
and other industries. In addition, it offers materials for applications in a
range of sectors comprising transportation, marine, chemical protection,
sanitary applications, wind energy and sports, and leisure production; and
ingredients and application solutions in personal care, as well as fragrance
and fragrance ingredients.
Further, it provides elastomers, natural and synthetic rubber, chemical
additives, and fillers, such as silica, carbon black, and pigments for use in
tire, cable, industrial rubber, electrical, and household applications; and
specialist applications, including children’s playground surfaces, sports
halls, and artificial grass.
Staff: 50+
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
AZELIS HOLDING S.A.
Posthofbrug 12
Antwerp, 2600 - Belgium
Management:
Tony CRASKE is the Managing Director.
Present here since February 2013.
He was a former president of the Canadian Association of Chemical Distributors
and past president of the Northeast Chemical Association.
The Board of
Directors includes:
- Kevin ALLAN
- Martin Wilhelm HOLLENHORST
- Hans Joachim MULLER
- Joan TRAYNOR
Subsidiaries
and partnership:
None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a sales
assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
fiscal year ending February 2013 is in excess of CAD 10,000,000+
The business is said to be
profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None