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Report No. : |
337899 |
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Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CANADA COLORS AND CHEMICAL LIMITED |
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Registered Office : |
175 Bloor Street East, Ste 1300, Toronto, Ontario M4W
3R8 |
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Country : |
Canada |
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Date of Incorporation : |
01.01.1985 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Distributes commodity and specialty chemicals to businesses in
industrial and solvent sector, food and fine chemicals, coatings and polymer
additives, oil and gas, soap and detergent, mining, pulp and paper,
environmental, and water treatment markets in Canada. |
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No. of Employees : |
310 |
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
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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: CANADA COLORS AND CHEMICAL LIMITED
Headquarters: 175 Bloor Street East, Ste 1300
Toronto, Ontario M4W 3R8 –
Canada
Telephone: +1
416-443-5500
Fax: +1 416-449-9039
Website: www.ccc-group.com
Corporate ID#: ON-0000608605
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 01-01-1985
Date founded: 09-01-1921
Stock: -
Value: -
Name of manager: David
M. EMERSON
Business:
Canada Colors and Chemicals Limited distributes commodity
and specialty chemicals to businesses in industrial and solvent sector, food
and fine chemicals, coatings and polymer additives, oil and gas, soap and
detergent, mining, pulp and paper, environmental, and water treatment markets
in Canada.
It sells industrial chemicals and solvents, such as
acids, alkalis, biocides, borates, carbonates, citrates, nitrates, oxides,
phosphates, silicates, silicones, sulphates, and surfactants; and food
ingredients and fine chemicals, including glycerin, propylene glycol, sorbitol,
white oils, and polyethylene glycols to food and beverage, pharmaceuticals, and
cosmetic markets.
The company also sells coating specialties and polymer
additives, such as paints and coatings, graphic arts and printing inks,
thermoplastic polymers, construction chemicals, adhesives and sealants,
composites, resins and polymers, antioxidants, colorants/pigments, extenders,
fire retardants, flatting agents, rheological additives, solvents,
UV stabilizers, and waxes to architectural, baking
system, industrial, maintenance and marine, powder, radiation cure,
solvent base/high solid, two part
system, and waterbase markets and systems.
In addition, Canada Colors and Chemicals Limited sells
environmental and water treatment chemicals for potable water treatment,
wastewater treatment, and industrial boiler and cooling water applications.
Further, the company sells products online.
Canada Colors and Chemicals Limited was founded in 1920
and is based in Toronto, Canada with warehouses in Brampton, Windsor, Montreal,
Vancouver, and Leduc, Canada, as well as a sulphuric acid manufacturing plant
in Elmira, Canada.
Foreign suppliers include:
SHANXI SINCERE INDUSTRIAL CO.,LTD.
ADD NO.9 XIAOQIANGLU TAIYUAN SHANXI CHINA
NAYAKEM ORGANICS PVT. LTD.
T-128, MIDC, OPP. VADILAL ICECREAM, TARAPUR,
BOISAR-401506 INDIA
Staff: 310
At above address, we find the
corporate head office.
The Company maintains branches
located:
6605 Hurontario Street, Suite 400
Mississauga, ON L5T 0A3
(business head office)
60 First Street East
Elmira, ON N3B 2Z5
(plant and distribution center)
238 Glidden Road
Brampton, ON L6W 1H8
(distribution center)
9999 Trans-Canada Highway
Montreal, PQ H4S 1V1
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201, 6209 - 50th Street |
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6610 - 45th Street |
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4919-61 Avenue SE |
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1071 Cliveden Avenue |
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3280 Jefferson Blvd. |
238 Glidden Road, Ste 3
Brampton, Ontario L6W 1H8
Shareholders:
This is a private Company.
Management:
David M. EMERSON is the President
and CEO.
Guy HARRIS is the Chairman.
Brian R. JOB is Secretary.
Subsidiaries
And partnership:
CANADA COLORS AND CHEMICALS
(EASTERN) LTD.
175 Bloor Street East, Ste 1300, Toronto, Ontario M4W 3R8
– Canada
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 an email but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in excess of
CAD 50,000,000+
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: July 2015
High credit: CAD 60,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of business: Office supply
Paying status: On terms
Date reported: July 2015
High credit: CAD 400,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of business: Payroll
Paying status: As agreed
Date reported: July 2015
High credit: CAD 3,000
Now owing: 0
Past due: 0
Last purchase: June 2015
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
National Credit Bureaus gave a
satisfying credit risk.
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 bank confirmed
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.26 |
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UK Pound |
1 |
Rs.101.99 |
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Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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.