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Report No. : |
353143 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL PAPER EXPORT CO. LTD. |
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Registered Office : |
1198 Rue de la Montagne, Montreal, Quebec H3G 1Z1 |
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Country : |
Canada |
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Year of Establishment : |
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 – 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.
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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 Chairman.
Arun MEHRA is the President and CEO.
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 2014 is in the range of CAD 7,000,000=
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