MIRA INFORM REPORT

Report No. :	504136
Report Date :	26.04.2018

IDENTIFICATION DETAILS

Name :	AMERICAN PAPER EXPORT INC
Registered Office :	1080 Howe Street, Suite 506, Vancouver, CA-BC V6Z 2T1, Canad
Country :	Canada
Financials (as on) :	2016 [Summarized]
Date of Incorporation :	2003
Legal Form :	Corporation
Line of Business :	Subject is a Pulp and Paper Trading Company.
No. of Employees :	7

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	No Complaints
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

CANADA - ECONOMIC OVERVIEW

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. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.

The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.

Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks 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. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth.

Source : CIA

STATUTORY INFORMATION
Legal Name:	AMERICAN PAPER EXPORT INC
Trade Name:	APEx Inc.
ID:	NA
Date Created:	2003
Date Incorporated:	2016-06-14
Legal Address:	1080 Howe Street, Suite 506, Vancouver, CA-BC V6Z 2T1, Canad
Operative Address:	Suite 506-1080 Howe Street Vancouver, BC V6Z 2T1 Canada
Telephone:	604 298 7092
Fax:	604 681 6711
Legal Form:	Corporation
Email:	NA
Registered in:	CANADA
Website:	www.americanpaperexport.com
Contact:	SADRUDDIN BUDHWANI
Staff:	7
Activity:	SIC Code: 5113, Industrial and Personal Service Paper NAICS Code: 424130, Industrial and Personal Service Paper Merchant Wholesalers
Banks:
	Royal Bank of Canada
	The company does not disclose its bank details.
History:
	APEx Inc. was founded in 2003.
PRINCIPAL ACTIVITY
	American Paper Export Inc. (APEx Inc.) is a Pulp and Paper trading company.
Products/Services description:	CORRUGATING Kraft Linerboard (Virgin and Recycled) | White top Kraft Linerboard | Semi Chemical Medium | Test liner I, II, III | Medium-Fluting KRAFT Extensible type Kraft Paper for Industrial applications | Standard Multiwall and Flat Kraft for Grocery & Converting applications | Recycled Bag Kraft Paper | MG Kraft Papers PACKAGING Coated Solid Bleached Sulphate Board (SBS) | Poly Coated SBS Board | Coated Folding Box Board (GC-1, GC-2) | Coated Duplex Board Grey Back (GD) | Clay Coated News Back and Kraft Back Board (CCNB – CCKB) PRINTING Newsprint / Uncoated Ground wood | Bulky Newsprint | Directory Paper | Super Calendared Paper (SC A & SC B) | Light Weight Coated Paper (LWC) | Uncoated Woodfree Paper and Board | Coated Woodfree Art Paper and Card | Coated Label Paper PULP Bleached Northern & Southern Softwood Kraft Pulp (NSBK – SBSK) | Bleached Northern & Southern Hardwood Kraft Pulp (NBHK – SBHK) | Bleached Eucalyptus Kraft Pulp | Bleached Chemi-Thermo Mechanical Pulp (BCTMP) | Unbleached Kraft Pulp SPECIALTY Colored Cover and Text | Manila File Folder | Kraft File Folder
Brands:	APEx Inc.
Sales are:	Wholesale
Clients:	GLOBAL PACKAGING & LOGISTIC PHILIPPINES R R PAPER PRODUCTS India Is Premier Container Sdn Bhd Malaysia Print 4 U, Inc PHILIPPINES Century Paper Sacks Private Ltd India Cartonbol Bolivia Carton De Colombia Sa Colombia EMPAQUES CARTONES S A S Colombia EDITORIAL EL PAIS SA Paraguay PAPER CONVERTERS India
Suppliers:	NA
Operations area:	National and international
The company exports to	India, Bolivia, Colombia, Paraguay
The subject employs	7 employees
Payments:	No Complaints
LOCATION
Headquarters :	Suite 506-1080 Howe Street Vancouver, BC V6Z 2T1 Canada
Branches:	The company has no branches
Related Companies:	PAPER CENTRE INTERNATIONAL #302-303, 3rd Floor Hotel Metropole, Club Road Karachi 75520, Pakistan
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	SADRUDDIN BUDHWANI, President RAHIL BUDHWANI, VP of Sales, N. American & European Mill Relations SHAMS BUDHWANI, VP of Sales, Asian Mill Relations SOILE WEAVER, VP of Sales, N. American & European Mill Relations SUSANNA LAI, Finance & Accounting AMY CAI, Logistics CHRISTINE PARK, Documentation and After Sales Services
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	1 100 000
Cash Flow	Normal
LEGAL FILINGS
CASES	No found
SUMMARY
	Founded in 2003, American Paper Export Inc. is a mid-sized organization in the industrial and personal service paper companies industry located in Vancouver, Canada. It has 7 full-time employees and generates an estimated $1.1M USD in annual revenue. The company operates in the national and international area. American Paper Export Inc. is ACTIVE without negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	Assistant
COMMENTS	The person contacted confirmed name, activity and address.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.70
UK Pound	1	INR 93.14
Euro	1	INR 81.43
CAD	1	INR 52.13

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.