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Report No. : |
354941 |
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Report Date : |
26.12.2015 |
IDENTIFICATION DETAILS
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Name : |
NORTH WEST TERMINAL LTD |
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Registered Office : |
1 Mile East, Highway 14, Unity, Saskatchewan S0K 4L0 |
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Country : |
Canada |
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Date of Incorporation : |
23.02.1993 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
The Subject owns and operates an inland-grain terminal and
bio-products production facility on the Canadian National and Canadian
Pacific rail networks near Unity, Saskatchewan. |
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Employees: |
19 + 3 part time |
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: NORTH WEST TERMINAL LTD
Address: 1 Mile East, Highway 14,
Unity, Saskatchewan S0K 4L0 –Canada
Mailing address: PO Box
1090, Unity, Saskatchewan S0K 4L0 – Canada
Telephone: +1
306-228-3735
Fax: +1 306-228-3877
Website: www.northwestterminal.com
Corporate ID#: 602876
State: Saskatchewan
Judicial form: Corporation – Profit
Date incorporated: 02-23-1993
Stock: 45,000
shares class A
3,232,915 shares Class B
Value: -
Name of manager: John
James LEIER
Business:
North West Terminal Ltd. (NWT) began operations in June of 1996.
The Company owns and operates an inland-grain terminal and bio-products
production facility on the Canadian National and Canadian Pacific rail networks
near Unity, Saskatchewan.
Ownership of NWT is widely held by approximately 1,000 shareholders, the
majority of which are area-farmers.
Today NWT’s facility at Unity is an efficient high-throughput grain
elevator with a total storage capacity of 2.3 million bushels (63,000 metric
tonnes) one of the largest grain handling facilities in Western Canada.
The Company currently can:
1) receive up to 30,000 bushels (816 tonnes) of grain per hour on two
driveways;
2) clean grain at a rate of up to 20,000 bushels (544 tonnes) per hour;
3) dry grain at a rate of 2,500 bushels (68 tonnes) per hour; and
4) load rail cars on its rail siding at a rate of 30,000 bushels (816
tonnes) per hour.
No name of foreign suppliers available.
Staff: 19 + 3 part time
Operations & branches:
At the headquarters, we
find a large warehouse and office.
Shareholders:
There are approximately 1,000 shareholders, the majority of which are
area-farmers.
Management:
John James LEIER, Chairman and President (not Director)
Bradley SPERLE, Vice President and Director
Rob WALLACE is Director and Secretary
Other Directors include Jason SKINNER, Marvin SLATER, James SKINNER,
Gerald REWERTS, Tim KELLY, Dale H. CUMMING, Rick BULLERWELL, and Larry
BRIGGS.
Gayle HOLMAN, CFO.
Subsidiaries
And partnership:
NWT is an owner of Alliance Grain Terminal Ltd. (AGT).
AGT owns and operates a 102,000 tonne bulk grain terminal in Vancouver, British
Columbia. NWT is also a shareholder of Alliance Seed Company Ltd. (ASC). This
company works with local seed growers to fulfill their objective of providing
top performing varieties of seed to Western Canadian farmers.
NWT established North West Bio-Energy Ltd. (NWB) in February, 2005 for
the purpose of constructing and operating a 25 million litre per year
Bio-Product’s facility adjacent to the grain facility at Unity, Saskatchewan.
The Bio-Product’s facility produces ethanol for fuel, industrial and
potable
markets. The facility also produces 25,000 tonnes per year of
high-protein feed supplement in the form of dried distiller’s grain.
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 84,500,000=
The business is profitable.
Banks: Canadian Imperial Bank of Commerce
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: November 2015
High credit: CAD 15,000
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 30,000
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.
The Company is in good
standing.
This means that all local and
federal taxes were paid on due date.
Last report was filed on
03-20-2015.
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.66.20 |
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1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.41 |
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CAD |
1 |
Rs.47.88 |
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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HEE |
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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.