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Report No. : |
342358 |
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Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
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Name : |
UNI-SELECT INC. |
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Registered Office : |
170 Bd Industriel, Boucherville, Quebec J4B 2X3 |
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Country : |
Canada |
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Financials (as on) : |
30.06.2015 |
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Date of Incorporation : |
22.11.1968 |
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Legal Form : |
Public Company |
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Line of Business : |
Subject is engaged is distributes automotive replacement parts, accessories,
tools and equipment, paints, and related products |
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No. of Employees : |
5,300+ |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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.
|
Source
: CIA |
Company name: UNI-SELECT INC.
Address: 170 Bd Industriel, Boucherville,
Quebec J4B 2X3 - Canada
Telephone: +1
450-641-2440
Fax: +1 450-449-4908
Website: www.uni-select.com
Corporate ID#: 1144728806
State: Quebec
Judicial form: Public Company (TSX = UNS)
Date incorporated: 11-22-1968
Stock: 21,579,504 shares issued and outstanding (as
of 06-30-2015)
Market capitalization: CAD 1,272,974,941= (as of 09-25-2015)
Name of manager: HENRY
BUCKLEY
Business:
Uni-Select Inc. distributes automotive replacement parts, accessories,
tools and equipment, paints, and related products in Canada.
The company primarily sells brake parts, suspension parts, driveline and
exhaust components, paint and body shop products, lubricants and chemical
products, equipment and tools, and maintenance products, as well as parts for
temperature control, fuel systems, and engine management components under the
Auto Extra, Worldparts, and Mäktig brand names.
It also sells maintenance and repair parts for foreign nameplate
vehicles to warehouse distributors and consumers; and automotive paints,
coatings, and related accessories primarily under the SMART brand to collision
repair shops, automotive dealerships, fleet operators, and commercial
customers.
The company operates 13 distribution centers and 189 corporate stores.
Uni-Select also distributes the automotive paints in the United States.
The company was founded in 1968 and is headquartered in Boucherville,
Canada.
Sells to 1155 independent distributors and stores in all Canada and 29
USStates.
The Company is using several registered names including AUTO EXTRA,
AUTO PARTS PLUS, AUTO PARTS PROFESSIONALS, AUTOPLUS, BUMBER TO BUMPER,
COLOR PLUS, CARROSSIER PRO COLOR, UNI-PRO, and others.
No name of foreign suppliers available.
Staff: 5,300+
Operations & branches:
At the headquarters, we
find the corporate office and warehouse.
The Company maintains
several branches in Canada.
Shareholders:
Fidelity Management & Research Company
483 Bay Street, Ste 300, Toronto, Ontario M5G 2N7 – Canada
Beutel, Goodman & Co., Ltd.
2000 20 Ave. Eglinton W., Toronto, Ontario M4R 1K8 - Canada
Management:
Henry BUCKLEY is the President and CEO (not Director)
He has been the CEO and President of Uni-Select Inc. since August 1,
2015.
Mr. Buckley served as Chief Operating Officer of Uni-Select Inc. from
September 8, 2014 to August 1, 2015. Mr. Buckley served as Vice President for
Specialty Brand Companies and Mergers and Acquisitions for W.W. Grainger Inc.
Mr. Buckley served as Vice President and General Manager of K&D Pratt Group
Inc. Mr. Buckley served as Vice President and General Manager of
Acklands-Grainger Inc and also served as its Vice President of Sales. Mr.
Buckley has more than 30 years of experience gained from management roles in
industrial distribution both in the US and Canada.
He holds a Masters in Business Administration from Queen's University.
The Board of Directors includes Jean DULAC, Richard G. ROY, Robert
CHEVRIER,
James E. BUZZARD, Patricia CURADEAU-GROU, Richard L. KEISTER, Jeffrey
HALL,
Dennis WELVAERT, and Andre COURVILLE.
Louis JUNEAU is Secretary.
Subsidiaries
And partnership:
UNI-SELECT USA, INC.
…
On attachment:
- 10K 2014
- 2nd 10Q 2015
|
Currency in |
As of: |
Dec 31 |
Dec 31 |
Dec 31 |
Dec 31 |
|
Revenues |
1,780.6 |
1,797.6 |
1,788.1 |
1,784.4 |
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Net income |
53.9 |
29.4 |
21.3 |
50.1 |
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Banks: Banque de Montreal
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
Several
Trade references:
Date reported: August 2015
High credit: USD 100,000+
Now owing: 0
Past due: 0
Last purchase: July 2015
Line of business: Office supply
Paying status: On terms
Date reported: August 2015
High credit: USD 6,000,000+
Now owing: 0
Past due: 0
Last purchase: July 2015
Line of business: Payroll
Paying status: As agreed
Date reported: August 2015
High credit: USD 4,000
Now owing: 0
Past due: 0
Last purchase: July 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.
Other comments:
The Company is developing a
regular business.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
August 3, 2015.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.08 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.73.81 |
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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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.