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MIRA INFORM REPORT
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Report No. : |
515099 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
ENGENIUM CHEMICALS CORP. |
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Registered Office : |
4333 - 46 Ave. SE Calgary, AB T2B 3N5 |
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Country : |
Canada |
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Date of Incorporation : |
01.12.2011 |
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Legal Form : |
Corporation |
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Line of Business : |
Engenium Chemicals Corporation is dedicated to the wholesale
distribution of chemical products. |
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No. of Employees : |
87 |
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 (31.12.2017) |
Current Rating (01.04.2018) |
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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 seventh-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 bilateral trade and investment relationship, with goods and services trade totaling more than $680 billion in 2017, and two-way investment stocks of more than $800 billion. Over three-fourths of Canada’s merchandise 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. Canada’s economy posted strong growth in 2017 at 3%, but most analysts are projecting Canada’s economic growth will drop back closer to 2% in 2018.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
ENGENIUM CHEMICALS CORP. |
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Trade Names: |
Engenium Chemicals Corporation |
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ID: |
AB2016435972 |
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Date
Created: |
1984 |
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Date
Incorporated: |
2011-12-01 |
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Legal
Address: |
320, 703 – 6TH AVENUE S.W. CALGARY ALBERTA T2P 0T9, CANADA |
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Operative
Address: |
4333 - 46 Ave. SE Calgary, AB T2B 3N5, Canada |
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Telephone:
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(403) 279-8545 |
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Fax: |
(403) 236-7316 |
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Legal
Form: |
CORPORATION |
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Email: |
- |
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Registered
in: |
CANADA |
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Website:
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www.engeniumchemicals.com |
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Contact: |
Chris Martin - President & Chief Executive
Officer |
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Staff: |
87 |
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Activity: |
NAICS code: 424690, Other Chemical and Allied
Products Merchant Wholesalers Industry |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 1984 as Brine-Add Fluids Ltd.
In 2011, it merged with Synerchem International Inc. |
PRINCIPAL
ACTIVITY
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Engenium Chemicals Corporation is dedicated to
the wholesale distribution of chemical products. |
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Products/Services description: |
The company offers Mucilages And Thickeners Derived From Locust Beans And Seeds Or Guar Seeds, Ammonium Chloride, Choline And Its Salts, Polyvinyl Alcohols, Polysulphides, Polysulphones, Non-Ionic Surface-Active Agents, Chemical Products And Preparations Of The Chemical Or Allied Industries, Surface-Active Preparations, Washing And Cleaning Preparations and Other Organo-Inorganic Compounds. |
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Brands: |
Engenium Chemicals |
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Sales are: |
Wholesale |
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Clients: |
Delmon Chemical Industries Factory Calfrac De Mexico Sa de Cv |
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Suppliers: |
Be Long International Group Ltd. (Hongkong) Hindustan Gum & Chemic |
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Operations area: |
National and International |
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The company imports from |
CHINA INDIA |
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The company exports to |
SAUDI ARABIA MEXICO |
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The subject employs |
87 employees |
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Payments:
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Regular |
LOCATION
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Headquarters
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4333 - 46 Ave. SE Calgary, AB T2B 3N5, Canada |
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Comments
on Address: |
- |
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Branches: |
The company´s website mentions that it has warehouse
facilities. However, no addresses are provided. |
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Related Companies: |
No related companies were found. |
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 company does not disclose information on shareholders.
We were not able to confirm major holders. |
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Management: |
Chris Martin - President & Chief Executive
Officer Vlad Baron - Director Peter Stevens |
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 |
130.000.000 |
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Cash flow |
Normal |
LEGAL
FILINGS
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PATENTS |
Oil well fracturing fluids Patent number: 8450248 Abstract: Additives useful in attenuating the crosslinking time of sparingly soluble borate minerals and the use of those additives in oil well fracturing fluids and methods are described. Type: Grant Filed: November 7, 2007 Date of Patent: May 28, 2013 Assignee: Engenium Chemicals Corp. Inventor: David P. Horton Gelled hydrocarbons for oilfield processes and methods of use Patent number: 8367590 Abstract: Gelled liquid hydrocarbons and methods for gelling hydrocarbons and treating subterranean wellbores employ a phosphorus compound of the formula: wherein, X is a straight chained alkyl or alkoxy group having 5 to 18 carbon atoms in combination with a polyvalent metal source. Type: Grant Filed: April 12, 2011 Date of Patent: February 5, 2013 Assignee: Engenium Chemicals Corp. Inventors: Ioan Ghesner, David P. Horton |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
SYNERCLEAN Industrial cleaners; industrial degreasers; cleaning
detergents Owned by: Engenium Chemicals Corp. Serial Number: 87814290 |
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RENEWAL HISTORY |
Date Document
Type Document Description 2011-12-01 Merger
of BRINE-ADD FLUIDS LTD. SYNERCHEM INTERNATIONAL INC. to form new company ENGENIUM
CHEMICALS CORP. Registration number 2016435972 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
SUMMARY
Founded in 1984, Engenium Chemicals Corporation is an organization in the Other Chemical and Allied Products Merchant Wholesalers Industry headquartered in Calgary, Canada.
The company has 87 regular employees and generates an estimated $130 million USD in annual revenue.
The company operates nationally, mainly importing from China and India. It is ACTIVE in business with no negative records.
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 |
INTERVIEW
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NAME |
Christine |
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POSITION |
Manager |
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COMMENTS |
She confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the approximate number of employees and the name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.19 |
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1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
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CAD |
1 |
INR 51.06 |
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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NIY |
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Report Prepared
by : |
SUJ |
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.