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MIRA INFORM REPORT
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Report No. : |
484996 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
WEST FRASER MILLS LTD |
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Registered Office : |
501-858 Beatty St Vancouver, British
Columbia V6B 1C1 |
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Country : |
Canada |
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Date of Incorporation : |
1984 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject produces and offers lumber and
forest products. |
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No. of Employees : |
7,800 employees (whole group) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs 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 : |
Exist |
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 worlds 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 worlds 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 Canadas 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: |
WEST FRASER MILLS LTD |
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Trade Name: |
WEST FRASER MILLS LTD |
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ID: |
001727173 |
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Date Created: |
1984 |
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Date Incorporated: |
2005-01-01 |
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Legal Address: |
501-858 Beatty St VANCOUVER, British Columbia V6B 1C1 |
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Operative Address: |
858 Beatty St Suite 501 Vancouver, BC, V6B 1C1 Canada |
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Telephone: |
(604) 895-2700 |
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Fax: |
(604) 681-6061 |
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Legal Form: |
LIMITED CORPORATION |
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Email: |
mike.nomura@westfraser.com |
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Registered in: |
BR COLUMBIA / ONTARIO |
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Website: |
www.westfraser.com |
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Contact: |
Edward R. Seraphim, President and Chief
Executive Officer |
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Staff: |
7,800 employees (whole group) |
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Activity: |
NAICS 1: Sawmills NAICS 2: Pulp Mills NAICS 3: Postharvest Crop Activities
(except Cotton Ginning) NAICS 4: Paper (except Newsprint) Mills NAICS 5: Wood Preservation SIC 1: Sawmills And Planing Mills, General,
Nec SIC 2: Pulp Mills SIC 3: SIC 4: Paper Mills SIC 5: Structural Lumber And Timber,
Treated Wood |
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Banks: |
The company does not make its banking
data public |
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History
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The company was founded in 1984 and is based
in Vancouver, Canada. West Fraser Mills Ltd. operates as a subsidiary of West
Fraser Timber Co. Ltd. |
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PRINCIPAL
ACTIVITY
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West Fraser Mills Ltd. produces and
offers lumber and forest products. |
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Products/Services description: |
LUMBER FOREST PRODUCTS (fiberboard, pulp, linerboard, kraft
paper, and newsprint) |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
The Company markets cut lumber to
builders and retail outlets throughout Canada. Kimberly Clark Australia Pty Ltd, AUSTRALIA Olympic Industries Inc, USA Pt Bank Danamon, INDONESIA OJI FOREST PRODUCTS CO LTD, JAPAN |
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Suppliers: |
No |
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Operations area: |
National and International |
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The company imports from |
No records |
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The company exports to |
USA, AUSTRALIA, INDONESIA, JAPAN |
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The subject employs |
7,800 employees (whole group) |
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Payments: |
Regular |
LOCATION
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Headquarters : |
858 Beatty St Suite 501 Vancouver, BC, V6B 1C1 Canada |
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Branches: |
No branches were found |
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Related Companies: |
West Fraser Timber Co. Ltd. assumed its
present form in 1966 by the amalgamation of a group of companies under the
laws of B.C. The principal operating subsidiary, West Fraser Mills Ltd., assumed
its present form on January 1, 2005 by amalgamation under those laws. West
Fraser, Inc. and West Fraser Wood Products Inc. are Delaware corporations, while
Blue Ridge Lumber Inc., Manning Forest Products Ltd. and Sundre Forest
Products Inc. are Alberta corporations. West Fraser Newsprint Ltd. subsists
under the laws of Canada. Alberta Newsprint Company (ANC) and Cariboo Pulp
& Paper Company are unincorporated 50%-owned operations governed,
respectively, by the laws of Alberta and B.C. Sister Companies: West Fraser, Inc., West Fraser Wood Products Inc., Blue Ridge Lumber Inc., Sundre Forest Products Inc., Manning Forest Products Ltd. West Fraser Newsprint Ltd. |
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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. It operates
as a subsidiary of: West Fraser Timber Co. Ltd, 858 Beatty St Suite 501, Canada We attach companys latest FS16. |
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Management: |
Rodger Hutchinson, Finance Controller Robert Phillips, Board Member Edward Seraphim, Vice President Sales Ken Thomas, Manager Mike Nomura, General Manager Mr. Edward R. Seraphim, President and
Chief Executive Officer |
FINANCIAL
INFORMATION
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The company does
not make its financial statements public. The following information has been
provided by private sources: We also
attach parent company΄s latest financial statements. |
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USD 2016 |
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Revenue |
706,860,816 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
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CASES |
1. West Fraser Mills Ltd. v. British
Columbia, 2016 BCCA 152 (CanLII) 2016-04-08 Court of Appeal Colombie-Britannique hydraulic hose machinery conveyor
belt electrical cable equipment 2. R. v. West Fraser Mills Ltd., 1994
CanLII 1726 (BC CA) 1994-02-11
Court of Appeal Colombie-Britannique summary conviction two-year limitation
period interpretation of s-s application for certiorari proceedings cited by 1 document 3. Barbondy v. West Fraser Mills Ltd., 2010
CanLII 55287 (BC LRB)
2010-09-23 Labour Relations Board
Colombie-Britannique arbitrator dismissal application
excessive recite 4. West Fraser Mills Ltd. v. British
Columbia, 2015 BCCA 242 (CanLII) 2015-06-02 Court of Appeal Colombie-Britannique machinery cable hose exemption
purchased 5. West Fraser Mills Ltd. v. R., 2003 BCSC
268 (CanLII) 2003-02-24 Supreme
Court of British Columbia Colombie-Britannique electricity refund tangible personal
property contract quantity cited by 1 document 6. West Fraser Mills Ltd. v. Hurst, 1994
CanLII 3043 (BC SC)
1994-03-08 Supreme Court of British Columbia
Colombie-Britannique beetle infestation cutting trees
logging 7. Deboer v. West Fraser Mills Ltd., 1997
CanLII 540 (BC SC)
1997-12-22 Supreme Court of British Columbia
Colombie-Britannique contract logging trucking actual
stumpage grades 8. West Fraser Mills Ltd. v. Chouinard,
1993 CanLII 2617 (BC SC)
1993-10-05 Supreme Court of British Columbia
Colombie-Britannique temporary sludge pit mill effluent
cables underground 9. West Fraser Mills Ltd. v. British
Columbia, 2014 BCSC 2335 (CanLII) 2014-12-10 Supreme Court of British Columbia
Colombie-Britannique cable hose conveyor belt connector
purchased cited by 2 documents 10. Price v. West Fraser Mills Ltd., 2004
BCHRT 275 (CanLII) 2004-03-04 British Columbia Human Rights Tribunal
Colombie-Britannique complaint alleged instance of the contravention
job sharing time job-sharing |
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SUMMARY
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Founded in 1984, West Fraser Mills Ltd
is a large organization in the logging and sawmills companies industry
located in Vancouver, Canada. It is a large-sized company which has
approximately 7,800 employees (whole group) and generates an estimated $706
million in annual revenue. It exports to USA, AUSTRALIA, INDONESIA and JAPAN. This is an ACTIVE company incorporated
in CANADA. |
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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 |
Robert |
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POSITION |
Assistant |
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COMMENTS |
The person contacted confirmed address,
name, parent company, estimated staff and management. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.67 |
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1 |
INR 86.11 |
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Euro |
1 |
INR 76.59 |
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CAD |
1 |
INR 51.12 |
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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VIV |
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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
SCs 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
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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.