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MIRA
INFORM REPORT
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Report No. : |
489550 |
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Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
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Name : |
MASER CORPORATION |
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Registered Office : |
4070 Confederation Pky Unit 4602
Mississauga, ON, L5B 0E9 |
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Country : |
Canada |
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Date of Incorporation : |
19.09.2014 |
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Legal Form : |
Ontario Business Corporation |
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Line of Business : |
Subject is dedicated to provide recyclable materials. |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
MASER CORPORATION |
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Trade Name: |
MASER CORPORATION |
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ID: |
002434809
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Date Created: |
2014 |
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Date Incorporated: |
2014-09-19 |
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Legal Address: |
4070 Confederation Pky Unit 4602 Mississauga, ON, L5B 0E9 Canada |
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Operative Address: |
4070 Confederation Pky Unit 4602 Mississauga, ON, L5B 0E9 Canada |
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Telephone: |
(416) 238-7752 |
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Fax: |
(416) 238-7752 |
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Legal Form: |
Ontario Business Corporation |
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Email: |
NA |
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Registered in: |
ONTARIO |
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Website: |
No website |
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Contact: |
Vikas Sheel, President |
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Staff: |
4 |
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Activity: |
Recyclable Material Wholesalers Industry |
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Banks: |
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Bank of America |
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History: |
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The company was established in 2014 |
PRINCIPAL
ACTIVITY
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The company is dedicated to provide
recyclable materials. |
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Products/Services description: |
Recyclable services Refined Copper And Copper Alloys |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Mahindra Sanyo Special Steel Pvt. Ltd. India Pragati Udyog India Kalyani Carpenter Special India |
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Suppliers: |
NA |
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Operations area: |
National |
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The company imports from |
No import records |
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The company exports to |
India |
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The subject employs |
4 employees |
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Payments: |
Slow but Correct |
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LOCATION |
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Headquarters : |
4070 Confederation Pky Unit 4602 Mississauga, ON, L5B 0E9 Canada |
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Branches: |
No branches |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. We could not
confirm major holders. |
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Management: |
Vikas Sheel, President Mamrata Thaudry, Board Member |
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FINANCIAL INFORMATION |
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The company
does not make its financial statements public. The following information has
been provided by private sources: |
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USD 2016 |
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Gross Revenue |
10 000 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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There are no legal records found. |
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SUMMARY |
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The company is dedicated to provide
recyclable materials. It was established in 2014 and shows low
commercial profile with no website or being listed with major credit bureaus. It shows high revenue according to its
size. The company is ACTIVE in Ontario. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Slow but Correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Vikas Sheel |
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POSITION |
President |
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COMMENTS |
The person contacted confirmed name,
address, activity and staff. He confirmed that they had no website and that
the company is not related to MASER CORP. from USA or MASER CANADA, INC. from
Canada. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.61 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.95 |
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CAD |
1 |
INR 51.16 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.