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Report No. : |
333495 |
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Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
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Name : |
RYSERSON CANADA, INC. |
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Registered Office : |
100 King Street West, Ste 6600, 1 First Canadian Place, Toronto,
Ontario M5X 1B8 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2007 |
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Legal Form : |
Federal Corporation – Profit |
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Line of Business : |
·
Subject is engages in processing and distributing
metals. ·
The company also offers a line of products,
including carbon steel, stainless steel, alloy steel, aluminum, nickel, and
red metals that are inventoried in various shapes comprising coils, sheets,
rounds, hexagons, square and flat bars, plates, structural, and tubes. It
also provides services, such as just-in-time inventory programs; production
of kits containing various products; consignment arrangements; inventory
management; production and technical assistance; and stocking programs. |
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No. of Employees : |
400 |
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
|
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: RYSERSON CANADA, INC.
Reg. address: 100 King Street West, Ste 6600, 1 First
Canadian Place
Toronto, Ontario M5X 1B8 - Canada
Headquarters: 161 The West Mall, Etobicoke, Ontario
M9C 4V8 - Canada
Telephone: +1
416-622-3100
Fax: +1 416-622-6858
Website: www.ryerson.com
Corporate ID#: 4404530
State: Federal
Judicial form: Federal Corporation – Profit
Date incorporated: 01-01-2007
Stock: -
Value: -
Name of manager: EDWARD
J. LEHNER
History:
Business issued from the
merger of:
- RYERSON CANADA, INC.
(Federal ID# 4404505)
- INTEGRIS METALS LTD.
- 4352319 CANADA INC.
- 12311 HORSESHOE WAY INC.
Business:
Ryerson Inc. engages in processing and distributing metals.
The company offers a line of products, including carbon steel, stainless
steel, alloy steel, aluminum, nickel, and red metals that are inventoried in
various shapes comprising coils, sheets, rounds, hexagons, square and flat
bars, plates, structurals, and tubes. It also provides services, such as
just-in-time inventory programs; production of kits containing various
products; consignment arrangements; inventory management; production and technical
assistance; and stocking programs.
That company serves industries, including industrial equipment,
industrial fabrication, electrical machinery, transportation equipment, heavy
equipment, and oil and gas industries in the United States, Canada, China,
Mexico, and Brazil.
The company was founded in 1842 and is headquartered in Chicago,
Illinois. Ryerson Canada Inc. is a subsidiary of Ryerson Holding Corporation.
Staff: 400
Operations & branches:
Ryerson Canada has facilities in Calgary (Alberta), Edmonton (Alberta),
Richmond (British Columbia), Winnipeg (Manitoba), Saint John (New Brunswick),
Brampton (Ontario), Toronto (Ontario) (includes Canadian headquarters),
Vaudreuil-Dorion (Quebec), Laval (Quebec) and Saskatoon (Saskatchewan).
Shareholders:
Ryerson Holding Corporation
Incorporated in Delaware on
07-16-2007
ID# 4389379
Public Company listed with
the NYSE under symbol RYI.
Management:
Roger LINDSAY is the President.
He is President of our Canada Region and our Chief Human Resources
Officer, positions he has held since August 2013. Prior to that time he
had served as our Senior Vice President, Human Resources since joining the
Company in October 2011. Prior to joining the Company, Mr. Lindsay
was president of rail and Latin America for The Timken Company from 2010 until
October 2011.
He holds a bachelor’s degree in economics and sociology from the
University of Southampton and a master’s degree in management from the
Massachusetts Institute of Technology.
David Michael HELLER is a Director.
Mark SILVER is Secretary.
Edward J. LEHNER is the CEO, since June 1, 2015.
He succeeded Michael C. Arnold who will retire at the end of the month.
Edward Lehner, 49, has served as the Company's Executive Vice President
and Chief Financial Officer since 2012. In this role he has been responsible
for leading several functions including Finance & Accounting, Supply Chain,
Corporate Development and Information Technology.
Prior to joining Ryerson, Mr. Lehner was The Chief Financial Officer and
Chief Administrative Officer of PSC Metals, Inc., a diversified metals company
and a Founder, Executive Vice President and Chief Financial Officer of
SeverCorr, LLC. His career also includes several senior financial and
general management roles for Nucor, Birmingham Steel, Inc., and Laurel
Steel.
Mr. Lehner's career began in 1989 with Deloitte Touche Tohmatsu Ltd. in
the audit, tax and IT practice in Cincinnati, Ohio. Mr. Lehner serves on the board
of directors of Modumetal. He is a member of the Financial Executives
International (FEI).
He holds a Bachelor of Arts degree in Accounting from the University of
Cincinnati and is also a Certified Public Accountant.
Subsidiaries
And partnership: None
In Canada, 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 parent company which reported sales for
year 2014 up to USD 3,622,200,000= and a net loss of
USD 25,700,000=
Banks: HSBC
Royal Bank of Canada
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: June 2015
High credit: CAD 80,000
Now owing: 0
Past due: 0
Last purchase: May 2015
Line of business: Office supply
Paying status: On terms
Date reported: June 2015
High credit: CAD 600,000
Now owing: 0
Past due: 0
Last purchase: May 2015
Line of business: Payroll
Paying status: As agreed
Date reported: June 2015
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: May 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 maintains 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
March 5, 2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
However, we suggest you a
report on the parent company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.00 |
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1 |
Rs.99.83 |
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Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
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Analysis Done by
: |
SAN |
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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.