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Report No. : |
346679 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
G.A. PAPER INTERNATIONAL, INC. |
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Registered Office : |
327 Renfrew Drive, Ste 102, Markham, Ontario L3R 9S8 |
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Country : |
Canada |
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Date of Incorporation : |
27.03.1986 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject operates as a trading company that specializes in paper, board, and pulp sales in Canada and internationally. |
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No of Employees : |
28 |
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.
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Source
: CIA |
Company name: G.A. PAPER INTERNATIONAL, INC.
Address: 327 Renfrew Drive, Ste
102, Markham, Ontario L3R 9S8 – Canada
Telephone: +1
905-479-7600
Fax: +1 905-479-8714
Website: www.gapaper.com
Corporate ID#: ON-000660949
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-27-1986
Stock: -
Value: -
Name of manager: Ibrahim
EL-GAMMAL
Business:
G.A. Paper International Inc. operates as a trading company that
specializes in paper, board, and pulp sales in Canada and internationally.
It sells containerboards that are used in the manufacture of corrugated
boxes; paper grade wood pulp, which is used as a raw material in the
manufacture of tissues, printing and writing papers, and boards; and fluff pulp
that is primarily used in the manufacture of diapers and other absorbent
products, such as bed pads, feminine hygiene supplies, and meat pads.
The company also offers a range of services that include access to trade
finance, currency management, shipping and logistics, and after sales support.
G.A. Paper International Inc. was founded in 1986 and is based in Markham,
Canada.
On January 17, 2014, G.A. PAPER INTERNTIONAL INC., announced that it has
acquired the merchant operation FIRN OVERSEAS PACKAGING LTD. (Firn) from
the Mondi Group.
Headquartered in Hungerford, UK, Firn is a leading supplier of
containerboard, packaging materials and related products, mainly to Africa and
South Asia.
The addition of Firn provides G.A. Paper's Group of Companies with a
greater presence in Sub-Saharan Africa and the Indian Sub-Continent, both
identified by G.A. Paper as key growth regions.
No name of foreign suppliers available.
Staff: 28
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is a private Company.
Ibrahim EL-GAMMAL is the
founder.
Management:
Ibrahim EL-GAMMAL is the President and CEO.
He held senior Scientific and Engineering Positions at the Research and
Development departments of 3m, Xerox, Gulf Oil and Petro-Canada.
Dr. El-Gammal holds a Bachelor's Degree in Chemical Engineering from
Cairo University, Master of Applied Science from the University of Waterloo,
Canada, Ph. D in Chemical Engineering from the University Waterloo and a Master
of Management Science Degree from the University Waterloo.
Mohamed AZZAM serves as Vice President of G.A. Paper International, Inc.
Dr. Azzam is a Professional Engineer in the Province of Ontario-Canada.
He held academic and teaching positions at Universities in Canada, Egypt
and Saudi Arabia. Dr. Azzam also held senior scientific and engineering
positions at the research and development departments of 3m, Xerox, Gulf Oil
and Petro-Canada.
Dr. Azzam received a Bachelor's degree in Chemical Engineering from
Cairo University-Egypt, Master's of Applied Science degree from University of
Waterloo-Canada and a Ph.D in Chemical Engineering from university of
Waterloo-Canada
Osama RAMADAN serves as a Vice President at G.A. Paper International,
Inc. and G.A. Paper International (USA), Inc. Mr. Ramadan serves as the President
and Principal at Ramtech Overseas, Inc. Prior to this, Mr. Ramadan was employed
with Construction Specialties International USA and Formic(A) International UK.
He completed his Business education at Philadelphia University.
Subsidiaries
And partnership:
G.A. PAPER INTERNATIONAL
(USA) INC.
5017 W. Laurel Street,
Tampa, FL 33607 - USA
In Canada, privately held
corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
Outside source (bank) gave
estimate sales for year 2014 in the range of
CAD 26,000,000=
The business is profitable.
Banks: Scotia Bank
HSBC
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 64.88 |
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|
1 |
Rs. 99.89 |
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Euro |
1 |
Rs. 72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
NIT |
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 |
-- |
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.