MIRA INFORM REPORT

 

 

Report No. :

509548

Report Date :

19.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

COPROCESS CANADA INC

 

 

Registered Office :

675 Cochrane Dr., East Tower, 6th Floor, Markham, ON, - L3R 0B8

 

 

Country :

Canada

 

 

Financials (as on) :

2016 (Summarized)

 

 

Year of Establishment :

2001

 

 

Legal Form :

Corporation

 

 

Line of Business :

·         Research and Development in the Physical, Engineering, and Life Sciences.

·         Manufacturer of Industrial Infrared Heating Systems.

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd 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:

COPROCESS CANADA INC

Trade Names:

COPROCESS CANADA INC

ID:

NA

Date Created:

2001

Date Incorporated:

2001

Legal Address:

675 Cochrane Dr., East Tower, 6th Floor, Markham, ON, Canada, - L3R 0B8

Operative Address:

675 Cochrane Dr., East Tower, 6th Floor, Markham, ON, Canada, - L3R 0B8

Telephone:

+1 647 932 290

Fax:

-

Legal Form:

CORPORATION

Email:

-

Registered in:

CANADA

Website:

www.coprocess.ca

Contact:

Paulo Rangel - President

Staff:

1

Activity:

NAICS Code 541712 Research and Development in the Physical, Engineering, and Life Sciences

 

Banks

 

The company does not disclose its banking details.

 

History

 

Coprocess Canada Inc. was founded in 2001 by Paulo Rangel.

 

 

 

PRINCIPAL ACTIVITY

 

Coprocess Canada Inc. is a manufacturer of industrial infrared heating systems.

Products/Services description:

The company offers industrial infrared heating systems.

Brands:

Coprocess

Sales are:

Wholesale

Clients:

Textile Industry

Paper Industry

Suppliers:

NA

Operations area:

National

The subject employs

1 employee

Payments:

Slow but Correct

 

 

LOCATION

 

Headquarters :

675 Cochrane Dr., East Tower, 6th Floor, Markham, ON, Canada, - L3R 0B8

Branches:

No other branches were found.

Related Companies:

The company`s website mentions that “current manufacturing is done in Brazil.” However, no addresses are provided.

 

 

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 provided by private sources:
The major holders of this company is:

Paulo Rangel

Management:

Paulo Rangel - President

 

 

 

FINANCIAL INFORMATION

 

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

 

Revenue

190.000

Cash flow

Normal

 

 

LEGAL FILINGS

 

CASES

No records found.

OFAC Sanctions List Search

The company is not listed in the OFAC list.

 

 

 

SUMMARY

 

Founded in 2001, Coprocess Canada Inc. is an organization in the Research and Development in the Physical, Engineering, and Life Sciences Industry headquartered in Ontario, Canada.

 

The company has 1 regular employee and generates an estimated $190.000 USD in annual revenue.

 

It operates nationally. It is ACTIVE in business with no negative records.

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Paulo

POSITION

President

COMMENTS

He confirmed the name of the company, the address of the headquarters and location and the date of creation of the company. He was reluctant to provide further information.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.96

UK Pound

1

INR 91.88

Euro

1

INR 80.28

CAD

1

INR 52.68

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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