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Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL PAPER EXPORT CO. LTD. |
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Registered Office : |
1198 Rue de la Montagne, |
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Country : |
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Date of Incorporation : |
1971 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
·
Subject is a paper merchant and broker with
several years experience in the international pulp and paper industry. ·
It provides printers and packaging companies with
high quality paper and board products. |
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No. of Employees : |
15 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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 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: UNIVERSAL PAPER EXPORT CO. LTD. (in
English)
LA COMPAGNIE UNIVERSELLE D’EXPORTATION DE
PAPIER LTEE (in French)
Address: 1198
Rue de la Montagne, Montreal, Quebec H3G 1Z1 - Canada
Telephone: +1
514-878-1906
Fax: +1 514-878-1943
Website: www.upec.com
Corporate ID#: 276371
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 02-15-1978
Date founded: 1971
Stock: -
Value: -
Name of manager: Arun
MEHRA
Business:
Based in Montreal, Universal Paper is a paper merchant and broker with
several years experience in the international pulp and paper industry.
It provides printers and packaging companies with high quality paper and
board products.
The Company exports to various countries.
Staff: 15
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
DARRAM INC. (+50%)
14505 Bannister Road S.E.
Calgary, Alberta T2X 3J3 - Canada
Management:
Ravinder MEHRA is the President
He replaced Arun MEHRA in February 2014.
Rakhmander MEHRA is Secretary.
As far as we know, they are not involved in other local corporations.
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 6,000,000=
(same as 2012)
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
Haut du formulaire
Trade references:
Date reported: September 2014
High credit: CAD 5,000
Now owing: 0
Past due: 0
Last purchase: August 2014
Line of business: Office supply
Paying status: On terms
Date reported: September 2014
High credit: CAD 25,000
Now owing: 0
Past due: 0
Last purchase: August 2014
Line of business: Payroll
Paying status: As agreed
Date reported: September 2014
High credit: CAD 600
Now owing: 0
Past due: 0
Last purchase: August 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history appears as follow:
Monthly Payment Trends - Recent Activity
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
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04/14 |
$2,800 |
100% |
0% |
0% |
0% |
0% |
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05/14 |
$2,600 |
100% |
0% |
0% |
0% |
0% |
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06/14 |
$2,600 |
100% |
0% |
0% |
0% |
0% |
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07/14 |
$2,600 |
100% |
0% |
0% |
0% |
0% |
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08/14 |
$2,600 |
100% |
0% |
0% |
0% |
0% |
|
09/14 |
$2,800 |
100% |
0% |
0% |
0% |
0% |
National Credit Bureaus
gave a satisfying credit rating.
International
credit history:
Payments of imports are currently made on terms.
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.
Last report was filed on
02-27-2014.
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.61.75 |
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1 |
Rs.100.06 |
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Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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.