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Report No. : |
313853 |
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Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SIALCO MATERIALS LIMITED |
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Registered Office : |
6605 Dennett Place, Delta, British Columbia V4G 1N4 |
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Country : |
Canada |
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Date of Incorporation : |
07.06.1988 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is medium sized Surfactant manufacturing and specialty
chemical manufacturing company. |
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No. of Employees : |
17 |
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.
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Source
: CIA |
Company name: SIALCO MATERIALS LIMITED
Address: 6605
Dennett Place, Delta, British Columbia V4G 1N4 – Canada
Telephone: +1
604-940-4777
Fax: +1 604-940-4757
Website: www.sialco.com
Corporate ID#: BC-0000346591
State: British Columbia
Judicial form: Corporation – Profit
Date incorporated: June 7,
1988
Stock: -
Value: -
Name of manager: TERRANCE
PORTER
Business:
SIALCO MATERIALS LIMITED is a medium sized Surfactant manufacturing and
specialty chemical manufacturing company.
Sialco manufactures INTERPHON™ surfactants
which include alkanolamides, amphoterics, betaines, esters, phosphate esters
and sulfates.
We also offer custom reaction and toll reaction of specialty surfactants and
related specialty organic chemicals.
Applications are found in cosmetics, personal care, cleaning products,
synthetic lubricants, and more.
Foreign suppliers include:
JOJOBA ISRAEL
KIBBUTZ HATZERIM BEER SHEBA 85420 ISRAEL
Staff: 17
Operations & branches:
At the headquarters, we
find a factory, warehouse and office.
Shareholders:
This is a private Company.
Management:
Terrence PORTER is the President, Director and CEO.
He is also in charge of sales and development.
Michael HALLAT is the Operations Manager.
As far as we know, he is they are not involved in other local
corporations.
Subsidiaries
And partnership: None
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of USD 6,000,000=
The business is said to be
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: February 2015
High credit: USD 3,000
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: USD 25,000
Now owing: 0
Past due: 0
Last purchase: January 2015
Line of business: Payroll
Paying status: As agreed
Date reported: February 2015
High credit: USD 250
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
regular business.
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.62.63 |
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1 |
Rs.92.94 |
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Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
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Analysis Done by
: |
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.