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MIRA INFORM REPORT
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Report No. : |
484448 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
STEEL CANADA LIMITED |
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Registered Office : |
355 Traders Boulevard East, Mississauga, ON L4Z 2E5 |
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Country : |
Canada |
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Date of Incorporation : |
1962 |
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Legal Form : |
Corporation |
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Line of Business : |
· Manufactures steel and steel products in Canada. ·
The company offers carbon flat rolled, coated flat
rolled, tin mill products and scrap metal. |
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No. of Employees : |
50 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate 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 |
STATUTORY
INFORMATION
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Legal Name: |
STEEL CANADA LIMITED |
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Trade Names: |
SCL |
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ID: |
NA |
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Date Created: |
1962 |
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Date Incorporated: |
1982 |
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Legal Address: |
355 Traders Boulevard East Mississauga, ON L4Z 2E5 Canada |
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Operative Address: |
355 Traders Boulevard East Mississauga, ON L4Z 2E5 Canada |
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Telephone: |
905-890-0209 |
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Fax: |
905-890-5391 |
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Legal Form: |
Corporation |
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Email: |
rahim@steelcanada.com |
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Registered in: |
CANADA |
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Website: |
www.steelcanada.com |
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Contact: |
Mr. Feroz Ali Jassani - President |
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Staff: |
50 |
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Activity: |
NAICS 1: Metal Service Centers and Other Metal Merchant Wholesalers SIC 1: Steel |
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Banks: |
The company does not make its banking data public. |
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History: |
The company was founded in 1962 and is based in Mississauga, Canada.
It was formerly known as Jubilee Corporation and changed its name to Steel Canada
Limited in 1982. |
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PRINCIPAL
ACTIVITY
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Steel Canada Limited manufactures steel and steel products in Canada. |
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Products/Services description: |
The company offers carbon flat rolled, coated flat rolled, tin mill products
and scrap metal. Product / Service / Licensing Product Name: Iron & Steel Products for Export: - Hot Rolled - Cold Rolled - Galvanneal/Electro - Galvalume - Pre-Painted (Gal & CR Base) - ETP Tin Plate (Bright & Matte) - ETP Misprints - Tin Free Steel (TFS) - Tin Mill Black Plate (TMBP) - ETP Excess Prime Coils - Mill Scale - Secondary Hot Rolled Plates - Cobble Plates - Cast Iron (Oversize) - Auto Shredded (ISRI-211) - HMS1 & HMS2 - Secondary Billets Products for Domestic Distribution: - Hot Rolled - Galvanized - Galvalume - Galvanneal - Cold Rolled |
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Brands: |
STEEL CANDA |
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Sales are: |
Wholesale |
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Clients: |
Chittagong Steel House Premier Bank Limited Fetasa Tijuana Sa De Cv Hojalata Chuma S A De Cv Villamizar Betancur Diego Leon |
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Suppliers: |
NA |
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Operations area: |
National and International SCL exports an estimated of 145,000 metric tons annually to over 23
countries worldwide. |
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The company exports to |
Afghanistan Argentina Bangladesh Brazil China France India Italy Jordan Malaysia Mauritius Mexico Pakistan Philippines Saudi Arabia Singapore Sri Lanka Sudan Syrian Arab Republic Thailand United Arab Emirates United Kingdom Viet Nam |
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The subject employs |
50 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
355 Traders Boulevard East Mississauga, ON L4Z 2E5 Canada |
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Comments on Address: |
350,000 square feet of covered warehousing facilities |
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Branches: |
No other branches were found. |
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Related Companies: |
STEEL CANADA PROPERTIES LIMITED 355 Traders Boulevard East Mississauga Ontario L4Z 2E5 Date formed: 2017-10-06 |
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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 were not able to confirm major holders. |
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Management: |
Feroz Jassani Title: President Area of Responsibility: Management Executive. Telephone: (905) 890-0209 Facsimile: (905) 890-5391 Email: info@steelcanada.com Santana Dias Title: Vice President Area of Responsibility: Management Executive. Telephone: (905) 890-0209 Facsimile: (905) 890-5391 Email: info@steelcanada.com Jess Angeles Title: Manager Area of Responsibility: Domestic Sales & Marketing. Telephone: (905) 890-0209 Facsimile: (905) 890-5391 Email: info@steelcanada.com |
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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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$CDN 2016 |
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Revenue |
11.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
Date Document Type Document Description 2017-10-06 Incorporation |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 1962, Steel Canada Limited is a mid-sized organization in
the metals service centers industry located in Mississauga, Canada. It has approximately 50 full-time employees and generates $11.8
million in annual revenue. The company operates nationally and internationally, mainly exporting
to Bangladesh Mexico and Colombia. It is ACTIVE in business with no negative
records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called number 905-890-0209 several times and received no answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.35 |
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1 |
INR 85.89 |
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Euro |
1 |
INR 76.15 |
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CAD |
1 |
INR 51.14 |
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 : |
TPT |
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
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.