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MIRA INFORM REPORT
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Report No. : |
484094 |
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Report Date : |
05.01.2018 |
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 pulp and paper trading company · It specializes in corrugated containerboards, such as kraft linerboards, corrugating medium/semi-chemical fluting, and white-top kraft liners; and bleached kraft pulps, which include softwood, hardwood, eucalyptus, and fluff. · The company also provides test liners, recycled medium/fluting, mottled kraft liners, recycled white-top liners, and sack krafts, as well as newsprint and woodfree paper. |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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
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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 |
Company
NAME AND ADDRESS
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.gapaperintl.com
Corporate ID#: ON-000660949
State: Ontario
Judicial form: Corporation – Profit
Date incorporated: 03-27-1986
Stock: -
Value: -
Name of manager: Ibrahim
T. EL-GAMMAL
ACTIVITIES & OPERATIONS
Business:
G.A. Paper International, Inc. operates as a pulp and paper trading
company in the Middle East, North Africa, and Mediterranean Europe.
It specializes in corrugated containerboards, such as kraft linerboards,
corrugating medium/semi-chemical fluting, and white-top kraft liners; and
bleached kraft pulps, which include softwood, hardwood, eucalyptus, and fluff.
The company also provides test liners, recycled medium/fluting, mottled kraft
liners, recycled white-top liners, and sack krafts, as well as newsprint and
woodfree paper.
It serves the customers in Egypt, Saudi Arabia, the United Arab
Emirates, Yemen, Oman, Bahrain, Kuwait, Jordan, Lebanon, Syria, Morocco,
Algeria, Tunisia, Libya, Turkey, Greece, Cyprus, Malta, Bangladesh, Pakistan,
and Korea.
Suppliers include:
HAYAT KIMYA SANAYI A.S.
Mahir Iz Caddesi No 23, Altunizade, Istanbul, 34662, Turkey
Staff: 30
Operations & branches:
At the headquarters, we
find the corporate office.
SHAREHOLDERS & MANAGERS
Shareholders:
Ibrahim T. EL-GAMMAL is the
founder and major shareholder.
Management:
Ibrahim T. EL-GAMMAL is the President and CEO.
Dr. El-Gammal 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.
Dr. Azzam 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 Waterioo-Canada and a Ph.D in Chemical Engineering from
university of Waterioo-Canada.
Osama M. 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
FINANCIALS
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 a fax but no answer
received.
However, sales estimate for
year 2016 is in the range of CAD 340 million verse USD 300 million in 2015.
The business is profitable.
Banks: Scotia Bank
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary:
None