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MIRA INFORM REPORT
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Report No. : |
497185 |
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Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
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Name : |
THE COBALT REFINERY COMPANY INC |
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Registered Office : |
2900, 10180 - 101 Street, Edmonton Alberta, T5J 3V5 |
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Country : |
Canada |
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Financials (as on) : |
2015 [Summarized] |
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Date of Incorporation : |
25.10.1994 |
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Legal Form : |
Corporation |
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Line of Business : |
The company's line of business includes the smelting and refining of
nonferrous metals. |
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No. of Employees : |
20 |
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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Maximum Credit Limit : |
USD 250 000 |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
THE COBALT REFINERY COMPANY INC |
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Trade Name: |
THE COBALT REFINERY COMPANY INC. |
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ID: |
206299711 |
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Date Created: |
1995 |
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Date Incorporated: |
1994/10/25 |
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Legal Address: |
2900, 10180 - 101 Street Edmonton Alberta T5J 3V5 |
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Operative Address: |
10101 114 St Fort Saskatchewan, AB, T8L 4G6 Canada |
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Telephone: |
(780) 992-7000 |
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Fax: |
(780) 992-7070 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
CANADA |
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Website: |
The company does not have a website. |
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Contact: |
Roman Balan - Director |
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Staff: |
20 |
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Activity: |
NAICS 1: Nonferrous Metal (except Aluminum) Smelting and Refining SIC 1: Primary Nonferrous Metals, Nec |
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Banks: |
The company does not disclose its banking details. |
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History: |
The Cobalt Refinery Company Inc. was founded in 1995. Sherritt's
current Metals production is carried out through its 50% interest in a joint venture
known as the Moa Joint Venture. The Moa Joint Venture is a
vertically-integrated nickel and cobalt mining, processing, refining and
marketing joint venture between subsidiaries of Sherritt and General Nickel
Company S.A. (‘‘GNC''), a Cuban company. The operations of the Joint Venture,
known as Metals Enterprise S.A., are carried on through three companies: • Moa Nickel S.A. (‘‘Moa Nickel'') - owns and operates the Moa, Cuba
mining and processing facility • The Cobalt Refinery Company Inc. (‘‘CRC'') - owns and operates the
Fort Saskatchewan, Alberta metals refinery • International Cobalt Company Inc. (‘‘ICCI'') - is responsible for
feed acquisition and the marketing and sale of commodity cobalt and nickel. |
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Name History: Previous Legal Entity Name Date of Name Change (YYYY/MM/DD) 629971 ALBERTA LTD. 1994/11/23 |
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PRINCIPAL
ACTIVITY
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The company's line of business includes the smelting and refining of
nonferrous metals. |
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Products/Services description: |
The company offers nickel and cobalt products. |
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Brands: |
The company does not have any brands of its own. |
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Sales are: |
Wholesale |
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Clients: |
Private Companies |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject employs |
20 EMPLOYEES |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
10101 114 St Fort Saskatchewan, AB, T8L 4G6 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: |
Voting Shareholders: Legal Entity Name: GNC REFINERY HOLDINGS CANADA INC. Corporate Access Number: 217996834 Street: 1900, 333 - 7 AVENUE SW City: CALGARY Province: ALBERTA Postal Code: T2P 2Z1 Percent Of Voting Shares: 50 Last Name: THE COBALT REFINERY HOLDINGS COMPANY LTD Street: BOX 610 City: FREDERICTON Province: NEW BRUNSWICK Postal Code: E2B 5A6 Percent Of Voting Shares: 50 |
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Management: |
Directors: Last Name: CEDENO First Name: JOSE Middle Name: ORIOL RODRIGUEZ Street/Box Number: CARRETERA MOA-SAGUA, KM 1 1/2, MOA City: HOLGUIN Country: CUBA Last Name: DOBSON First Name: TIMOTHY Street/Box Number: 10101 114 ST City: FORT SASKATCHEWAN Province: ALBERTA Postal Code: T8L 2T3 Last Name: GORDIN First Name: VIVIAN Middle Name: RODRIGUEZ Street/Box Number: CARRETERA MOA-SAGUA, KM 1 1/2, MOA City: HOLGUIN Country: CUBA Last Name: ROBLES First Name: JOSE Middle Name: MANUEL ABREU Street/Box Number: 3A ENTRE 76 Y 78,OFICINA #213, EDIFICIO BEIJING City: PLAYA, CUIDAD DE LA HABANA Country: CUBA Last Name: SARUK First Name: ELVIN Street/Box Number: SUITE 2000, 425-1 STREET SW City: CALGARY Province: ALBERTA Postal Code: T2P 3L8 Last Name: SNOWDEN First Name: ANDREW Street/Box Number: 181 BAY ST, 26 FLOOR, BROOKFIELD PLACE City: TORONTO Province: ONTARIO Postal Code: M5J 2T3 |
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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 2015 |
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Sales |
6.244.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
0817717 – COREFCO Application number 0817717 CIPO status ABANDONED - SECTION 40(3) Filed 1996-07-11 Applicant THE COBALT REFINERY COMPANY INC. 10101 - 114 STREET FORT SASKATCHEWAN T8L 4G6 ALBERTA Representative for service MCKAY-CAREY & COMPANY 6928 ROPER ROAD, SUITE 200 EDMONTON ALBERTA T6B 3H9 Agent MCKAY-CAREY & COMPANY 6928 ROPER ROAD, SUITE 200 EDMONTON ALBERTA T6B 3H9 Name COREFCO Type Word Mark Category Trade-mark |
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RENEWAL HISTORY |
Last Annual Return Filed: File Year Date Filed (YYYY/MM/DD) 2017 2017/11/09 |
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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 1995, The Cobalt Refinery Company Inc. is an organization
in the primary nonferrous metal company’s industry located in Fort
Saskatchewan, Canada. It has approximately 20 full-time employees and generates an estimated
$6.2 million in annual revenue. The company operates nationally. 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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SUGGESTED CREDIT
LINE |
USD 250 000 |
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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 (780) 992-7000 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 64.99 |
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1 |
INR 90.83 |
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Euro |
1 |
INR 80.58 |
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CAD |
1 |
INR 50.12 |
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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PRI |
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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
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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.