MIRA INFORM REPORT
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Report No. : |
353377 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CSL SILICONES INC. |
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Registered Office : |
144 Woodlawn Road West, Guelph, Ontario N1H 1B5 |
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Country : |
Canada |
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Date of Incorporation : |
10.09.1976 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Company manufactures anti-graffiti coatings, silicone sealants and
adhesives, high voltage insulator coating, anti-corrosion coating. |
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No. of Employees : |
40 |
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 & address
Company name: CSL SILICONES INC.
Address: 144 Woodlawn Road West,
Guelph, Ontario N1H 1B5 - Canada
Telephone: +1
519-836-9044
Fax: +1 519-856-9069
Website: www.cslsilicones.com
Corporate ID#: ON-001816061
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: February
1, 2010
Date founded: September 10, 1976
Stock: -
Value: -
Name of manager: FAISAL
HUDA
ACTIVITIES & OPERATIONS
Business:
The Company manufactures anti-graffiti coatings, silicone sealants and
adhesives, high voltage insulator coating, anti-corrosion coating…
Exports worldwide.
No name of foreign suppliers available.
Staff: 40
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
SHAREHOLDERS
& MANAGERS
Shareholders:
This is a private Company.
Management:
Faisal HUDA is the President and CEO.
Graduate from HEC Paris, France, in 2003.
M. CUDA is the Controller.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
FINANCIALS
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 year
2014 is in the range of CAD 10,000,000+
The business is profitable.
Banks: Royal Bank of Canada
…
LEGAL
FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
COMPANY CREDIT HISTORY
Trade references:
Date reported: November 2015
High credit: CAD 8,000
Now owing: 0
Past due: 0
Last purchase: October
2015
Line of business: Office supply
Paying status: On terms
Date reported: November 2015
High credit: CAD 50,000
Now owing: 0
Past due: 0
Last purchase: October 2015
Line of business: Payroll
Paying status: As agreed
Date reported: November 2015
High credit: CAD 320
Now owing: 0
Past due: 0
Last purchase: October 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 is developing a
regular business worldwide.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
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 |
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US Dollar |
1 |
Rs.66.80 |
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1 |
Rs.100.49 |
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Euro |
1 |
Rs.72.52. |
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CAD |
1 |
Rs.49.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KAS |
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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.