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MIRA INFORM REPORT
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Report No. : |
508332 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SPECIALITY CHEMICALS COMPANY LTD |
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Registered Office : |
1 Yonge Street, Suite 1801, Toronto Ontario, M5E 1W7 |
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Country : |
Canada |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
2011 |
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Legal Form : |
Limited Company |
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Line of Business : |
Subject is dedicated to the wholesale of Equipment and Spares for Thermal
Power Plants. |
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No. of Employees : |
1 |
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 (30.09.2017) |
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: |
SPECIALITY CHEMICALS COMPANY LTD |
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Trade Names: |
SPECIALITY CHEMICALS COMPANY LTD |
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ID: |
NA |
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Date Created: |
2011 |
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Date Incorporated: |
2011 |
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Legal Address: |
1 Yonge Street, Suite 1801, Toronto Ontario, M5E 1W7 Canada |
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Operative Address: |
1 Yonge Street, Suite 1801, Toronto Ontario, M5E 1W7 Canada |
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Telephone: |
+1 416 3633071 |
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Fax: |
+1 416 3690515 |
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Legal Form: |
Limited Company |
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Email: |
speciality.chemicals@ymail.com |
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Registered in: |
CANADA |
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Website: |
www.specialitychemicals.biz |
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Contact: |
Dard Saima - Director |
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Staff: |
1 |
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Activity: |
NAICS code 423830 - Industrial Machinery and Equipment Merchant
Wholesalers |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in
2011. |
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PRINCIPAL
ACTIVITY
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Specialty Chemicals Company Ltd is dedicated to the wholesale of
Equipment and Spares for Thermal Power Plants. |
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Products/Services description: |
The company offers Fuel oil systems , Air and flue gas systems, Steam and condensate systems, Boiler equipment,
Water systems, Other power plant equipment and systems, Control and
instrumentation of all systems including analyzers and all kind of valves,
isolators and dampers. |
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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: |
Oil & Gas Industry Refineries Thermal Powerplants |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject employs |
1 employee |
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Payments: |
Slow but correct |
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LOCATION
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Headquarters : |
1 Yonge Street, Suite 1801, Toronto Ontario, M5E 1W7 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: |
The company does not disclose information on shareholders. We were not
able to confirm major holders. |
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Management: |
Dard Saima - Director |
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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 |
260.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
No found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 2011, Specialty Chemicals Company Ltd. is an organization
in the Industrial Machinery and Equipment Merchant Wholesalers Industry headquartered
in Toronto, Ontario. The company has 1 regular employee and generates an estimated $260.000
USD 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 |
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 |
- |
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POSITION |
- |
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COMMENTS |
The person contacted was reluctant to provide any information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.87 |
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Euro |
1 |
INR 80.09 |
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CAD |
1 |
INR 52.60 |
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 : |
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
·
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.