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Report No. : |
331155 |
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Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
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Name : |
NEXEO SOLUTIONS CANADA CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.12.2010 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Distributes of Chemicals, Plastics, and Composites Products. |
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No. of Employees : |
120 |
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: NEXEO SOLUTIONS CANADA CORP.
Address:
Telephone: +1
800-387-2376
Fax: +1 905-823-9280
Website: www.nexeosolutions.com
Corporate ID#: BC-0000898226
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: 12-17-2010
Stock: -
Value: -
Name of manager: David
BRADLEY
Business:
NEXEO SOLUTIONS CANADA distributes chemicals, plastics, and composites
products.
The company operates through two segments: Chemicals, Plastics.
The Chemicals segment distributes alcohols, blends, esthers, glycols,
hydrocarbons, ketones, resins, silicones, and surfactants to industrial users via
rail car, bulk truck, truckload boxes, and less-than-truckload quantities. The
Plastics segment supplies a range of products, such as engineered
thermoplastics, polyolefins, specialty thermoplastics, styrenics for blow
molding, extrusion, injection molding, and rotation molding plastic processors.
Nexeo Solutions Canada is a subsidiary of Nexeo Solutions, LLC (USA)
Foreign suppliers include:
- Sabic Innovative Plastics
- Exxon Mobil
- Lyondell Basel
- Teknor Apex
- Solvay
- Du Pont
Staff: 120
Operations & branches:
At the headquarters, we
find the corporate office.
The Company maintains branches located:
2060 Viceroy Place
Richmond, British Columbia V6V 1Y9
Shareholders:
NEXEO SOLUTIONS LLC
1000-3 Waterway Square Place
The Woodlands, TX 77380 – USA
which is a subsidiary of:
NEXEO SOLUTIONS HOLDINGS,
LLC
Incorporated in Delaware on
November 4, 2010
ID# 4893746
Management:
David A. BRADLEY is the President on NEXEO SOLUTIONS CANADA CORP.
He has been the CEO of Nexeo Solutions, LLC since March 15, 2011 and
serves as its President. Mr. Bradley served as the Chief Operating Officer of
Kraton Performance Polymers, Inc. from December 2009 to January 2011, as Vice
President of Global Operations from December 2004 to December 2009 and as Vice
President of Business Transformation from April 2004 to December 2004. He also
served as Chief Operating Officer of Kraton Polymers LLC from January 2008 to
January 2011 and as Chief Operating Officer of K.P. Global Holdings C.V. from
December 2006 to January 2011. He served as Vice President of Global Operations
of KRATON Polymers LLC from September 2004 to January 2011.
Prior to joining Kraton Performance Polymers, Inc., Mr. Bradley served
as the Lexan Manufacturing Manager at GE Plastics’ Mount Vernon, Indiana, site.
Mr. Bradley served in a variety of leadership positions for GE Plastics from
1994 to 2004, which included roles in business process development and Six
Sigma.
He has been a Director of Nexeo Solutions, LLC since April 29, 2011.
Mr. Bradley holds a B.S. degree in Chemical Engineering from the
University of Louisville.
As far as we know, he is involved in several corporations of the group.
Ross CRANE is Treasurer.
Michael B. FARNELL Jr. is Secretary.
Subsidiaries and
partnership:
None
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report and confirmed that all financials
are consolidated into the ultimate parent company which reported revenue for
fiscal year ending September 2014 up to
USD 4,514,500,000= and a
net loss of CAD 12,200,000=
Banks: Bank of America
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None