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Report No. : |
312644 |
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Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
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Name : |
ASA ALLOYS WESTERN CANADA INC. |
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Registered Office : |
81 Steinway Blvd, Etobicoke, Ontario M9W 6H6 |
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Country : |
Canada |
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Date of Incorporation : |
09.10.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
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Distributes specialty metal products. ·
Subject offers stainless, aircraft, aluminum, nickel,
and titanium alloys, as well as vacuum arc remelted steels, bronze, beryllium
copper, and stainless and carbon steel plates. The company also provides
grinding, gun drilling, heat treating, water jet cutting, shearing,
threading, saw cutting, plasma and flame cutting, and metal polishing
services. Its products are used in various applications, including aerospace,
oil and gas, machinery, petro chemical, pipes, metal fabricating, pulp and
paper, steel mills, and transportation. |
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No. of Employees : |
150 |
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
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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.
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Source
: CIA |
Your order on: ASA ALLOYS INC.
The correct name is: ASA
ALLOYS WESTERN CANADA INC.
Company name: ASA ALLOYS WESTERN CANADA INC.
Address: 81 Steinway Blvd, Etobicoke, Ontario
M9W 6H6 - Canada
Telephone: +1
416-213-0000
Fax: +1 416-213-9507
Website: www.asaalloys.com
Corporate ID#: AB-2011910128
State: Alberta
Judicial form: Corporation – Profit
Date incorporated: October
9, 2005
Date founded: 1983
Stock: -
Value: -
Name of manager: Ward
SEYMOUR
Business:
The Company is also doing
business as ASA ALLOYS INC.
ASA Alloys Inc. distributes specialty metal products.
It offers stainless, aircraft, aluminum, nickel, and titanium alloys, as
well as vacuum arc remelted steels, bronze, beryllium copper, and stainless and
carbon steel plates. The company also provides grinding, gun drilling, heat
treating, water jet cutting, shearing, threading, saw cutting, plasma and flame
cutting, and metal polishing services. Its products are used in various
applications, including aerospace, oil and gas, machinery, petro chemical,
pipes, metal fabricating, pulp and paper, steel mills, and transportation.
The company was founded in 1983 and is based in Etobicoke, Canada.
ASA Alloys Inc. operates as a subsidiary of Commercial Sheet Metal, Inc.
Suppliers include:
FROCH ENTERPRISE CO LTD
NO 122 INDUSTRIAL ROAD TOU LIU CITY YUN LIN TAIWAN
Staff: 150
Operations & branches:
At the headquarters, we
find a warehouse and office, owned.
The Company maintains
several branches including:
1351J Kelly Lake Road
Sudbury, Ontario P3E 5P5
1195 Michener Road
Sarnia, Ontario N7S 4W3
61 Paramount Road
Winnipeg, Manitoba R2X 2W6
20 Challenger Crescent
Sherwood Park, Alberta T8H 2R1
810 57th Street east
Saskatoon, Saskatchewan S7K 5Z1
170 English Dr.
Moncton, New Brunswick E1E 4K6
Shareholders:
Commercial Sheet Metal, Inc.
5320 Bradco Boulevard
Mississauga, Ontario L4W 1G7
Canada
Management:
Ward SEYMOUR is the
President.
Graduate from Sheridan
College in 1977
Tom CAMPBELL is Executive
Vice President
Ian JONES, Vice President
of Finance
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 but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in excess of CAD 50,000,000+
The business is said to be
profitable.
Banks: Royal Bank of Canada
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: May 2014
High credit: USD 20,000
Now owing: 0
Past due: 0
Last purchase: April 2014
Line of business: Office supply
Paying status: On terms
Date reported: May 2014
High credit: USD 250,000
Now owing: 0
Past due: 0
Last purchase: April 2014
Line of business: Payroll
Paying status: As agreed
Date reported: May 2014
High credit: USD 2,000
Now owing: 0
Past due: 0
Last purchase: April 2014
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus
gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic
payments were prompt and regular.
International credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains is developing
its business.
The bank confirmed a
regular account.
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.62.67 |
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1 |
Rs.93.16 |
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Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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.