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Report No. : |
337168 |
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Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
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Name : |
WILLIAMS |
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Registered Office : |
1700, |
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Country : |
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Date of Incorporation : |
22.12.2013 |
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Legal Form : |
Unlimited Liability Company |
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Line of Business : |
The Company Manufactures and Sells Propylene Products. |
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No. of Employees : |
30 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Canada |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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, and electric power, and
a top source of US uranium imports. 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 early intervention by the Bank
of Canada and the financial sector's tradition of conservative lending
practices and strong capitalization. Canada achieved marginal growth in 2010-14
and plans to balance the budget by 2015 despite the recent drop in oil prices.
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 and is the world’s fifth-largest oil producer.
|
Source
: CIA |
Company name: WILLIAMS CANADA PROPYLENE ULC
Reg. Address: 1700, 421 7th Avenue SW,
Calgary, Alberta T2P 4K9 - Canada
Headquarters: 600, 604 1st Street SW, Calgary, Alberta T2P
1M7 - Canada
Telephone: +1
403-444-4515
Fax: +1 403-444-4506
Website: -
Corporate ID#: 2017920006
State: Alberta
Judicial form: Unlimited Liability Company
Date incorporated: 12-22-2013
Stock: -
Value: -
Name of
manager: David M. CHAPPELL
Business:
The Company manufactures and sells propylene products.
No name of foreign suppliers available.
Staff: 30
Operations
& branches:
At the
headquarters, we find a factory, together with 2 sister Companies WILLIAM
ENERGY CANADA DEVELOPMENT ULC
WILLIAM HORIZON
OFFGAS ULC
Shareholders:
The Williams Companies
International Holding BV 100%
Herikerbergweg
239
1101 CM
Amsterdam
The Netherlands
Which is a
wholly owned subsidiary of:
THE WILLIAMS
COMPANIES, INC.
1 Williams
Center, Tulsa, OK 74172
USA
(Public
Company)
Management:
David M. CHAPPELL, President, Director and CEO
Alan S. ARMSTRONG and John R. DEARBORN are Vice President
and Directors.
As far as we know, he is they are involved in other
corporations, including:
WILLIAM ENERGY
CANADA DEVELOPMENT ULC
WILLIAM HORIZON
OFFGAS ULC
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.
Outside sources
(bank) gave estimate sales for year 2014 in the range of
CAD 3,000,000+
The business is
said to be profitable.
Banks: TD Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the
Courts.
Secured debts summary:
None
Trade
references:
Date reported: July 2015
High credit: CAD 20,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of
business: Office supply
Paying status: On terms
Date reported: July 2015
High credit: CAD 50,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of
business: Payroll
Paying status: As agreed
Date reported: July 2015
High credit: CAD 380
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of
business: Telecommunications
Paying status: On terms
Domestic credit
history:
National Credit
Bureaus gave a satisfying credit risk.
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.
Last report was
filed on 03-03-2015.
The risk is
low.
Our opinion:
A business
connection may be conducted.
However, we
suggest you a report on THE WILLIAMS COMPANIES, INC.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.23 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.