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Report No. : |
336792 |
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Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
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Name : |
ADLER STEEL LIMITED |
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Registered Office : |
150 Consumer Road, Ste 503, Toronto, Ontario M2J 1P9 |
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Country : |
Canada |
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Date of Incorporation : |
14.06.2001 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
Distributes and Exports of Prime, Excess, and Secondary Metal
Products. |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, 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: ADLER STEEL LIMITED
Address: 150 Consumer Road, Ste 503, Toronto,
Ontario M2J 1P9 Canada
Telephone: +1
416-498-5559
Fax: +1 416-498-9727
Website: www.adlersteel.com
Corporate ID#: 3909492
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 06-14-2001
Stock: -
Value: -
Name of manager: Vijay
M. LAL
Business:
Adler Steel Ltd. distributes and exports prime, excess, and secondary
metal products in Canada and internationally. It provides engineering and
project construction services, including steel rolling, continuous casting, steel
making, and iron making.
The company offers billets and blooms, slabs, merchant bars,
reinforcement bars, flat bars, wire rods, profiles, angles, channels, beams,
hot rolled sheets/coils, hot rolled plates, cold rolled sheets/coils, black
plate coils, stainless steel, tin plates, and alloy steels.
Adler Steel Ltd. was founded in 2001 and is based in Toronto, Canada.
The Company imports from Far East and exports to the U.S.A. , Central
and South America.
Staff: 50
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a LAL family owned and managed Company.
Management:
Indu LAL is the only Director and CFO.
Indu has about three decades experience in Finance and Banking
functions, and is in charge of our financial operations of the Company.
Vijay M. LAL founded Adler Steel Ltd. in 2001 and serves as its Chief
Executive Officer. Mr. Lal has over 33 years international experience in the
Steel industry and provides logistical and directional support.
Subsidiaries
and partnership:
Adler Steel Limited
Tianjin, China
Adler Steel Singapore Pte Ltd.
Singapore
Adler Steel America LLC
Sunnyvale, CA USA
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for fiscal
year ending June 2015 is in the range of
CAD 26,000,000=
The business is profitable.
Banks: HSBC Bank
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None