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Report No. : |
309485 |
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Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIFIED ALLOYS LTD. |
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Registered Office : |
1600, 10025 102A Avenue, Edmonton, Alberta T5J 2Z2 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.2006 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in services stainless & alloy fluid connecting
products for the Pulp & Paper, Oil & Gas, Petro-Chemical and Power Generation
Industries. |
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No. of Employees : |
54 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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, uranium,
and electric power. 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 financial sector's tradition of conservative lending
practices and strong capitalization. Canada achieved marginal growth in 2010-13
and plans to balance the budget by 2015. 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.
|
Source
: CIA |
Company name: UNIFIED ALLOYS LTD.
Reg. office: 1600, 10025 102A Avenue, Edmonton,
Alberta T5J 2Z2 - Canada
Address: 8835-50 Avenue,
Edmonton, Alberta T6E 5H4 - Canada
Telephone: +1
780-468-5656
Fax: +1 780-469-3651
Website: www.unifiedalloys.com
Corporate ID#: 2012127615
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: 01-01-2006
Date founded: 1976
Stock: -
Value: -
Name of manager: Alfred
HANSEN
History:
Unified Alloys is a privately owned company founded in 1976 by Alfred
Hansen. Subsequently, Darren Hansen and Lorraine Hansen have formed corporate
partnerships along with Employee Stake holders.
The Company is issued from the merger of:
- ALFRED TUBE HOLDING CO. LTD.
- EDMONTON TUBE & ALLOYS LTD.
Business:
Unified Alloys services stainless & alloy fluid connecting products
for the Pulp & Paper, Oil & Gas, Petro-Chemical and Power Generation
Industries.
Foreign suppliers include:
HAITIMA CORPORATION
8F., NO.201, SEC.2, TIDING BLVD., NEIHU DISTRICT, TAIPEI 114, TAIWAN
TA CHEN STAINLESS PIPE CO., LTD.
N0.125 HSIN-TIEN 2ND STREET, HSIN-TIEN JENG-TEH, TAINAN TAIWAN
Staff: 54
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
HANSEN PROPERTY CO., LTD 100
shares
8835-50 Avenue
Edmonton, Alberta T6E 5H4
Canada
Management:
Alfred HANSEN is the President, Director and CEO.
Subsidiaries and Partnership:
UNIFIED ALLOYS (ONTARIO)
LTD.
UNIFIED ALLOYS (CALGARY)
LTD.
UNIFIED ALLOYS (QUEBEC)
LTD.
UNIFIED ALLOYS (EDMONTON)
LTD.
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of CAD 30,000,000=
The business is profitable.
Banks: Scotia Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary: None
Trade references:
Date reported: January 2015
High credit: CAD 15,000
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Office supply
Paying status: On terms
Date reported: January 2015
High credit: CAD 80,000
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Payroll
Paying status: As agreed
Date reported: January 2015
High credit: CAD 400
Now owing: 0
Past due: 0
Last purchase: December 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
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Monthly Payment
Trends - Recent Activity |
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National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were made on due date.
International credit history:
Payments of imports are currently made on terms.
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
01-27-2014.
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 |
|
US Dollar |
1 |
Rs.61.82 |
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|
1 |
Rs.95.27 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.