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MIRA INFORM REPORT
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Report No. : |
509087 |
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Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
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Name : |
COAST FRASER ENTERPRISES LTD |
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Registered Office : |
13401 108th Avenue, Suite 1820, Surrey, CA-BC V3T 5T3 |
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Country : |
Canada |
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Financials (as on) : |
2016 (Summarized) |
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Year of Establishment : |
2009 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in trading of international wood product. |
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No. of Employees : |
13 |
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 : |
No Complaints |
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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: |
COAST FRASER ENTERPRISES LTD |
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Trade Names: |
COAST FRASER ENTERPRISES LTD |
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ID: |
NA |
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Date Created: |
2009 |
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Date Incorporated: |
2016-07-19 |
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Legal Address: |
13401 108th Avenue, Suite 1820, Surrey, CA-BC V3T
5T3, Canada |
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Operative Address: |
Suite 1820, 13401 - 108th Avenue, Surrey, BC, V3T
5T3, Canada |
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Telephone: |
(604) 498-1110 |
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Fax: |
(604) 909-4803 |
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Legal Form: |
CORPORATION |
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Email: |
info@coastfraser.com |
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Registered in: |
CANADA |
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Website: |
www.coastfraser.com |
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Contact: |
Frank Hui – President |
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Staff: |
13 |
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Activity: |
NAICS 1: Lumber, Plywood, Millwork, and Wood Panel
Merchant Wholesalers SIC 1: Lumber: Rough, Dressed, And Finished |
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Banks
The company does not disclose its banking details. |
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History
The company was founded in 2009. |
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Key Developments: |
COAST FRASER ENTERPRISES LTD. RANKS NO. 213 OVERALL,
8TH IN WHOLESALER & DISTRIBUTION IN THE 2017 PROFIT 500 Vancouver, British Columbia – (September 14, 2017) Canadian
Business and PROFIT today ranked Coast Fraser Enterprises Ltd. No. 213 on the
29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing
Companies. Published in the October issue of Maclean’s magazine and at
CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their
five-year revenue growth. Coast Fraser Enterprises Ltd. made the 2017 PROFIT
500 list with a five-year revenue growth of 300%. “It is never easy to earn a spot on the PROFIT 500,
but this year’s applicant pool was the most competitive yet,” says Deborah
Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the
resilience, innovation and sheer management smarts it takes to build a
thriving business today. Canada—and the world—needs more entrepreneurial
success stories like these.” |
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PRINCIPAL
ACTIVITY
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Coast Fraser Enterprises Ltd. is an international
wood product trading company. |
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Products/Services description: |
The company provides the following softwood species and
logs: Southern Yellow Pine, Spruce Pine Fir, Hemlock Fir, Douglas Fir,
Eastern White Pine, Western Red Cedar, Southern Yellow Pine Logs, White Fir,
Engelmann Spruce/Lodgepole Pine, Douglas Fir Larch, Yellow Cedar, Hemlock Fir
Logs and Douglas Fir Logs. |
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Brands: |
COAST FRASER |
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Sales are: |
Wholesale |
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Clients: |
Wan Delong Wood Co., Ltd Bnbm Group Forest Products Co., Ltd C And D Logistics Group Co.,Ltd. Dongguan Soyute Supply Chain Management Co.ltd. Zhejiang Junye Trading Co,. Ltd Ailiya Enterprises |
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Suppliers: |
Weyerhaeuser |
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Operations area: |
National and International |
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The company imports from |
UNITED STATES |
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The company exports to |
CHINA INDIA |
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The subject employs |
13 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Suite 1820, 13401 - 108th Avenue, Surrey, BC, V3T
5T3, Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
Coast Fraser is a partner and distributor of
Weyerhaeuser. It is also a member of Canada Wood, BC Wood, and the North
American Wholesale Lumber Association (NAWLA). |
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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 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: |
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Management: |
Frank Hui – President Hong Bian – 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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Sales |
3.900.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
No found. |
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TRADEMARKS |
WOODTRADER Providing online access to real-time timber and
lumber pricing information from industry suppliers and the platform to bid… Owned by: Coast Fraser Enterprises Ltd. Serial Number: 87031732 V Providing online access to real-time timber and
lumber pricing information from industry suppliers and the platform to bid… Owned by: Coast Fraser Enterprises Ltd. Serial Number: 87031756 |
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RENEWAL HISTORY |
NEXT RENEWAL DATE 2018-05-15 |
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SUMMARY
Coast Fraser Enterprises Ltd is a small organization
in the lumber, plywood, and millwork company’s industry located in Surrey,
Canada. It opened its doors in 2009 and now has an estimated
$3.9 million in yearly revenue and approximately 13 employees. The company operates nationally and internationally,
mainly importing from the United States. It is ACTIVE in business with no
negative. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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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 |
Assistant |
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COMMENTS |
The person contacted confirmed name, address and activity.
She refused to provide more details. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.38 |
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1 |
INR 91.39 |
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Euro |
1 |
INR 79.89 |
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CAD |
1 |
INR 52.72 |
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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NIS |
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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
·
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.