MIRA INFORM REPORT

Report No. :	501165
Report Date :	31.03.2018

IDENTIFICATION DETAILS

Name :	CSL SILICONES INC
Registered Office :	144 Woodlawn Rd W Guelph, Ontario N1H 1B5
Country :	Canada
Financials (as on) :	2016 (Summarized)
Year of Establishment :	1976
Legal Form :	Corporation
Line of Business :	Manufactures of Room Temperature Vulcanizing (RTV) Silicone Products.
No. of Employees :	35

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
Payment Behaviour :	Slow but Correct
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Canada	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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.

Source : CIA

STATUTORY INFORMATION
Legal Name:	CSL SILICONES INC
Trade Names:	CSL Silicones Inc.
ID:	NA
Date Created:	1976
Date Incorporated:	2014-08-21
Legal Address:	144 Woodlawn Rd W GUELPH, Ontario N1H 1B5 Canada
Operative Address:	144 Woodlawn Rd W GUELPH, Ontario N1H 1B5 Canada
Telephone:	(519) 836-9044
Fax:	(519) 836-9069
Legal Form:	CORPORATION
Email:	info@cslsilicones.com
Registered in:	CANADA
Website:	www.cslsilicones.com
Contact:	Faisal Huda - President & Board Member
Staff:	35
Activity:	NAICS 1: Adhesive Manufacturing NAICS 2: Synthetic Rubber Manufacturing SIC 1: Sealing Compounds, Synthetic Rubber Or Plastic SIC 2: Synthetic Rubber
Banks The company does not disclose its banking details.
History The company was founded in 1976 by Seraj ul Huda.
PRINCIPAL ACTIVITY
CSL Silicones Inc. manufactures Room Temperature Vulcanizing (RTV) silicone products.
Products/Services description:	The company offers Silicone Sealants, Anti-Graffiti Coatings, High Voltage Insulator Coatings, Anti-Corrosion Coatings, Glazing Sealants, Concrete Coatings, Form-in-Place Gaskets, High Temperature Sealants y Performance Coatings.
Brands:	CSL SILICONES
Sales are:	Wholesale
Clients:	Muehlhan Cyprus Ltd Greek Branch Innovative Technologies Ajay Industries. Hung Jin Trading Co Prolec SA De Cv Silicon Technology SAC
Suppliers:	NA
Operations area:	National and International
The company imports from	No import records found.
The company exports to	GREECE INDIA KOREA MEXICO PERU
The subject employs	35 employees
Payments:	Slow but correct
LOCATION
Headquarters :	144 Woodlawn Rd W GUELPH , Ontario N1H 1B5 Canada
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed: The major holder of this company is: Faisal Huda
Management:	Faisal Huda - President & Board Member Karen Yoshida - Secretary M Cuda - Controller C. McConnery -Vice President J. Greenberg - Manager
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	3.850.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	AIR-WATER BARRIER SILICONE COATINGS ublication number: 20170009098 Abstract: The present application discloses a one-part room temperature vulcanizable (RTV) poly(diorganosiloxane) composition for a silicone elastomer air-water barrier coating for a building envelope; a method of preparing a silicone elastomer air-water barrier coating for a building envelope using such a composition and a building envelope prepared by such a method. Type: Application Filed: March 19, 2015 Publication date: January 12, 2017 Applicant: CSL Silicones Inc. Inventors: Faisal Huda, Farooq Ahmed, Jocelyn J. Johansen, Balwantrai Mistry, Christopher W. McConnery SUPERHYDROPHOBIC ELASTOMERIC SILICONE COATINGS Publication number: 20170044400 Abstract: The present application discloses a one-part room temperature vulcanizable (RTV) poly(diorganosiloxane) composition for a superhydrophobic elastomeric silicone coating; a method of coating a high voltage insulator using such a composition and a coated high voltage insulator prepared by such a method or using such a composition. The present application also discloses methods of protecting a substrate, of waterproofing a substrate, for reducing drag on a substrate and/or for inhibiting water from pooling on a horizontal or near-horizontal substrate using such a composition. Type: Application Filed: July 26, 2016 Publication date: February 16, 2017 Applicant: CSL Silicones Inc. Inventors: Farooq Ahmed, Balwantrai Mistry, Jocelyn J. Johansen, Faisal Huda, Christopher W. McConnery
GOVERNMENT CONTRACTS	No records found.
CASES	CSL Silicones, Inc v. Midsun Group Inc Plaintiff: CSL Silicones, Inc Defendant: Midsun Group Inc Case Number: 3:2014cv01897 Filed: December 17, 2014 Court: Connecticut District Court Office: New Haven Office County: XX Outside US Presiding Judge: Charles S. Haight Nature of Suit: Trademark Cause of Action: 15:1051 Jury Demanded By: Plaintiff United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (United Steelworkers) v CSL Silicones Inc., 2016 CanLII 5786 (ON LRB) — 2016-02-04 United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (United Steelworkers) v CSL Silicones Inc., 2016 CanLII 9040 (ON LRB) — 2016-02-22
TRADEMARKS	CSL SILICONE [ ADHESIVES CONTAINING SILICONE FOR USE IN HOBBY/ARTCRAFTS AND GENERAL HOUSEHOLD REPAIRS OF METAL, GLASS, PAPER, WOOD, CERAMICS… Owned by: CSL SILICONES INC. Serial Number: 73769193 SI-COAT Silicone coating compositions for use in coating and protecting surfaces of metals, concretes, secondary containment fabrics… Owned by: CSL SILICONES INC. Serial Number: 76030460 570 Silicone based coating for application to electrical insulators Owned by: CSL SILICONES INC. Serial Number: 76041955 579 silicone based corrosion protection coating for metal surfaces Owned by: CSL SILICONES INC. Serial Number: 76042070 549 silicone based coatings for use on fabrics used in secondary containment systems in chemical containment areas Owned by: CSL SILICONES INC. Serial Number: 76410798 SI-COAT Silicone coating compositions for use in protecting surfaces of metal, concrete, secondary containment fabrics and electrical… Owned by: CSL SILICONES INC. Serial Number: 78333067
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY Founded in 1976, Csl Silicones Inc is a mid-sized organization in the adhesive and sealant company’s industry located in Guelph, Canada. It has approximately 35 full-time employees and generates an estimated $3.8 million in annual revenue. The company operates nationally and internationally mainly exporting to Greece, India, Korea, Mexico and Peru. It is ACTIVE in business with medium credit risk.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Slow but correct
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Chris
POSITION	Operations
COMMENTS	He confirmed the name of the company, the address of the headquarters and location, the date of creation of the company, the number of employees and the name of the President.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
CAD	1	INR 50.40

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.