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MIRA INFORM REPORT
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Report No. : |
487427 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
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Name : |
NI-MET METALS INC. |
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Formerly Known As : |
NI-MET METALS & MINERALS INC. |
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Registered Office : |
2939 Portland Dr Suite 300 Oakville, ON, L6H 5S4 |
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Country : |
Canada |
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Year of Establishment : |
1990 |
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Legal Form : |
Corporation |
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Line of Business : |
Wholesale of Primary Metals, Secondary Metals, Ferro Alloys, Minor Metals,
Scraps and Steel Products. |
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No. of Employees : |
18 |
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 : |
Satisfactory |
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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: |
NI-MET METALS INC. |
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Trade Name: |
Ni-Met Metals Inc. |
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ID: |
001563138 |
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Date Created: |
1990 |
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Date Incorporated: |
2003-02-20 |
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Legal Address: |
The legal address is not provided by the public of
Ontario. |
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Operative Address: |
2939 Portland Dr Suite 300 Oakville, ON, L6H 5S4 Canada |
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Telephone: |
+1 2892911111 |
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Fax: |
(289) 291-1100 |
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Legal Form: |
CORPORATION |
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Email: |
info@ni-met.com |
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Registered in: |
ONTARIO |
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Website: |
www.ni-met.com |
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Contact: |
Anil Shah |
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Staff: |
18 |
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Activity: |
Steel Service Centers & Other Metal Wholesalers Industry Recyclable Material Wholesalers Industry |
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Banks
The company does not make its banking data public |
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History
The company was incorporated by Anil Shah in 1990. Previous Name(s) NI-MET METALS & MINERALS INC. |
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PRINCIPAL
ACTIVITY
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Ni-Met Metals & Minerals Inc. is dedicated to the wholesale of
Primary Metals, Secondary Metals, Ferro Alloys, Minor Metals, Scraps and
Steel Products. |
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Products/Services description: |
Nickel, Zinc, Copper, Lead, Aluminum, Tin, Brass, Ferro Manganese,
Roasted Molybdenum Ore, Ferro Molybdenum, Ferro Silicon, Ferro Nickel, Ferro
Titanium, Ferro Boron, Ferro Tungsten, Ferro Phosphorous, Ferrous Scraps, Non
Ferrous Scraps, and Steel Products. |
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Brands: |
The company does not have any brands. |
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Sales are: |
Wholesale |
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Clients: |
Qingyuan Powermetal Recycling Resou Shandong Saincom Agriculture Developing Co. Ltd Rashtriya Metal Industries Ltd. Viraj Profiles Ltd. Jiangsu Crc Investment Co.ltd Crc Iewc Mexico S De Rl De Cv |
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Suppliers: |
Comercial Y De Inversiones 4 G S.A. Ligas De Aluminio S/A Liasa CompaÑia De No Ferrosos De Mexicosa De Cv |
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Operations area: |
National and International |
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The company imports from |
CHILE BRAZIL MEXICO |
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The company exports to |
CHINA INDIA MEXICO |
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The subject employs |
18 employees |
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Payments: |
Slow but Correct |
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LOCATION
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Headquarters : |
2939 Portland Dr Suite 300 Oakville, ON, L6H 5S4 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
The company has presence in India, China, UAE, Thailand, Indonesia
& Pakistan |
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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: |
The major holder of this company is Anil Shah. |
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Management: |
Anil Shah, President & 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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Revenue |
$ 4.569.000 |
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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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SUMMARY
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Founded in 1990, Ni-Met Metals Inc. is a small organization in the
Steel Service Centers & Other Metal Wholesalers Industry. It has 18 employees and generates an estimated $ 4.569.000 US in
annual revenue. It mainly imports from Chile, Brazil and Mexico. It operates nationally and internationally. 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 |
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 |
NA
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POSITION |
Administrative |
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COMMENTS |
The
person contacted confirmed name of the company, website, address, managers and
activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.72 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
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CAD |
1 |
INR 51.20 |
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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PRA |
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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
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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.