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MIRA INFORM REPORT
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Report No. : |
487212 |
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Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HAMILTON METAL RECYCLING LTD. |
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Registered Office : |
45 Falcon Road, Stoney Creek, Ontario L8E 5G3 |
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Country : |
Canada |
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Date of Incorporation : |
18.05.2010 |
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Legal Form : |
Ontario Business Corporation |
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Line of Business : |
Subject is dedicated to the wholesale of
metal scrap. |
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No. of Employees : |
1 |
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 : |
Small Company |
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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: |
HAMILTON METAL RECYCLING LTD. |
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Trade Name: |
HAMILTON METAL RECYCLING LTD |
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ID: |
002244225 |
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Date Created: |
2010 |
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Date Incorporated: |
2010-05-18 |
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Legal Address: |
45 FALCON ROAD, STONEY CREEK, ONTARIO
L8E 5G3 |
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Operative Address: |
45 Falcon Rd Stoney Creek, ON, L8E 5G3 Canada |
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Telephone: |
+ 1 647 997 6394 |
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Fax: |
+ 1 289 656 1202 |
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Legal Form: |
Ontario Business Corporation |
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Email: |
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Registered in: |
ONTARIO |
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Website: |
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Contact: |
Veeraj Tokas |
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Staff: |
1 |
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Activity: |
Finance and Insurance Sector Industry |
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Banks
The company does not make its banking
data public |
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History
The company was founded in 2010. |
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PRINCIPAL
ACTIVITY
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The company is dedicated to the
wholesale of metal scrap. |
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Products/Services description: |
Bars SS Sheets Aluminium sheets Polish tubes SS Threaded Bar Flanges |
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Brands: |
The company does not have any brands. |
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Sales are: |
Wholesale |
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Clients: |
Aikang Remetech Co.Ltd., |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
No import found. |
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The company exports to |
JAPAN |
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The subject employs |
1 employee |
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Payments: |
Slow but Correct |
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LOCATION
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Headquarters : |
45 Falcon Rd Stoney Creek, ON, L8E 5G3 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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: |
Veeraj Tokas - President & Board
Member |
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 2015 |
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Revenue |
761.000 |
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Cash flow |
Normal |
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LEGAL FILINGS
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CASES |
No records found. |
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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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Hamilton Metal Recycling Ltd is a small
organization in the investors industry located in Stoney Creek, Canada. It opened its doors in 2011 and now has an
estimated $761.000 USD in yearly revenue and approximately 1 employee. The company mainly exports to Japan. It
operates nationally and internationally. It is ACTIVE in business with no
negative records. However, it shows low commercial profile. |
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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 |
- |
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POSITION |
- |
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COMMENTS |
We called + 1 647 997 6394 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 63.84 |
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1 |
INR 88.28 |
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Euro |
1 |
INR 77.88 |
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CAD |
1 |
INR 51.39 |
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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VAR |
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Report Prepared
by : |
NIT |
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.