MIRA INFORM REPORT
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Report No. : |
312639 |
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Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
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Name : |
CANADIAN SPECIALTY METALS ULC |
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Registered Office : |
5775 Rue Kieran, Saint-Laurent, Quebec H4S 0A3 |
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Country : |
Canada |
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Date of Incorporation : |
25.08.1994 |
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Legal Form : |
Unlimited Liability Company ULC |
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Line of Business : |
Subject has a nationwide network of distribution centres with access
to a comprehensive inventory of specialty metals along with a wide range of
value added processes. |
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No. of Employee : |
160 |
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 |
Company
name and address
CANADIAN SPECIALTY METALS ULC
Your order on: MAGNA STAINLESS
This is a business name owned by:
Address: 5775 Rue Kieran,
Saint-Laurent, Quebec H4S 0A3 - Canada
Telephone: +1
514-339-1211
Fax: +1 514-339-1105
Website: -
Corporate ID#: AB-2014072553
State: Alberta
Judicial form: Unlimited Liability Company ULC
Date incorporated: June 11,
2008
Date founded: August 25, 1994
Stock: -
Value: -
Name of manager: Gregg
COUSINS
ACTIVITIES & OPERATIONS
History:
03-30-2007 – Amalgamation
of:
- 1737717 ONTARIO INC
- 2140452 ONTARIO INC
- A.S.A. ALLOYS INC.
- CANADIAN SPECIALTY METALS
INC.
Business:
Canadian Specialty Metals ULC, has a nationwide network of distribution
centres with access to a comprehensive inventory of specialty metals along with
a wide range of value added processes.
This combined with proven worldwide sourcing and procurement ensures
that ASA Alloys/Magna Stainless can provide you with the best product quality
and service in aerospace, aluminum and stainless steel products.
It employs an experienced aerospace sales team who specializes in
stocking your aircraft material for the aerospace industry.
The Company carries all grades to support programs from landing gears to
small aircraft components.
CANADIAN SPECIALTY METALS ULC is also using the following registered
business names:
- CORPORATION MAGNA
- MAGNA INOXYDABLE
- MAGNA STAINLESS
- METAUX SPECIALISES CANADIANS
Foreign suppliers
include:
YIEH MAU CORP.
NO.345, SHUN-AN RD., LUZHU DIST., KAOHSIUNG CITY 821, TAIWAN
Staff: 160
Operations & branches:
At the headquarters, we find a large warehouse and office.
The Company maintains branches located:
20 Challenger Cres
Sherwood Park, Alberta T8H 2R1
1351j Kelly Lake Rd
Sudbury, Ontario P3E 5P5
SHAREHOLDERS
& MANAGERS
Shareholders:
CANADIAN SPECIALTY METALS HOLDINGS, INC.
555 Skokie Blvd
Northbrook, IL 60062 - USA
Management:
Gregg COUSINS is the President and Director.
Graduate from Durham College in 1985 with a
CET in Aviation and Industrial Engineering Technology.
MBA from Athabasca University in 2003.
Present here since June 2011.
Thomas J. DAGENBACK is Vice President and
General Manager.
Kurt L. FRIEDMANN is Director.
Subsidiaries
And partnership: None
FINANCIALS
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 70,000,000=
The business is said to be profitable.
Banks: Scotia Bank
…
LEGAL
FILINGS
Legal
filings & complaints:
As of today date, there is no legal filing
pending with the Courts.
Secured debts summary: None
Haut du formulaire
COMPANY CREDIT HISTORY
Trade references:
Date reported: February
2015
High credit: CAD
30,000
Now owing: 0
Past due: 0
Last purchase: January
2015
Line of business: Office
supply
Paying status: On
terms
Date reported: February
2015
High credit: CAD
250,000
Now owing: 0
Past due: 0
Last purchase: January
2015
Line of business: Payroll
Paying status: As
agreed
Date reported: February
2015
High credit: CAD
1,200
Now owing: 0
Past due: 0
Last purchase: January
2015
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 made on due date.
International
credit history:
Payments of imports are currently made on terms.
Other comments:
The Company maintains a
strong 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.
Last report was filed on
05-20-2014.
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 |
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US Dollar |
1 |
Rs.62.67 |
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1 |
Rs.92.46 |
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Euro |
1 |
Rs.66.34 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
ANK |
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.