MIRA INFORM REPORT

 

 

Report No. :

510689

Report Date :

24.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

VANPORT CANADA CO

 

 

Registered Office :

1460 Main St Suite 200, North Vancouver, BC V7J 1C8

 

 

Country :

Canada

 

 

Financials (as on) :

2016 (Summarized)

 

 

Year of Establishment :

1997

 

 

Legal Form :

Extra-Provincial Domestic Corporation with Share Capital

 

 

Line of Business :

·         The Company's line of business includes distributing of lumber, plywood, and millwork.

·         Subject specializes in the cutting and distribution of Hemlock, Douglas Fir, Sitka Spruce and Yellow Cedar.

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

 

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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:

VANPORT CANADA CO

Trade Names:

VANPORT CANADA CO

ID:

001957192

Date Created:

1997

Date Incorporated:

1999-07-26

Legal Address:

1460 Main St Suite 200

North Vancouver, BC V7J 1C8, Canada

Operative Address:

1460 Main St Suite 200

North Vancouver, BC V7J 1C8, Canada

Telephone:

+1-604-985-0533

Fax:

+1-604-985-0364

Legal Form:

Extra-Provincial Domestic Corporation with Share Capital

Email:

bill@vanport.ca

Registered in:

CANADA

Website:

www.vanport-intl.com/ca/index.html

Contact:

Don McGregor - President

Staff:

4

Activity:

SIC Code 5031, Lumber, Plywood, Millwork, and Wood Panels

NAICS Code 423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

 

 

Banks

 

The company does not disclose its banking details.

 

History

 

The company was founded in 1997 and is based in North Vancouver, British Columbia.

 

 

Parent Company:

Vanport Canada Co. operates as a subsidiary of:

Vanport International

28590 SE WALLY RD, BORING, OR, 97009-9451  United States

 

 

PRINCIPAL ACTIVITY

 

The Company's line of business includes distributing lumber, plywood, and millwork.

Products/Services description:

Vanport Canada Co specializes in the cutting and distribution of Hemlock, Douglas Fir, Sitka Spruce and Yellow Cedar.

Brands:

Vanport

Sales are:

Wholesale

Clients:

Forestal Sierra Azul S.A. De C.V.

Main Shine Wooden Co Ltd

Li Chiao Fong Wood Enterprise

Sumec Machinery And Electric Co.,

Suppliers:

NA

Operations area:

National and International

The company exports to

MEXICO

TAIWAN

CHINA

The subject employs

4 employees

Payments:

No Complaints

 

 

LOCATION

 

Headquarters :

1460 Main St Suite 200

North Vancouver, BC V7J 1C8, Canada

Comments on Address:

The address given in the order is a warehouse location.

Branches:

Warehouse

#310-800 CARLETON COURT, DELTA, BC, V3M 6Y6 CANADA

Related Companies:

No related companies were found.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

Vanport Canada Co. operates as a subsidiary of:

Vanport International

28590 SE WALLY RD, BORING, OR, 97009-9451  United States

Management:

Don McGregor – President

Doug Millholm – Manager

Peggy Hsu – Japan Sales

Jiekun Wang – China Sales & North American Imports

 

 

FINANCIAL INFORMATION

  

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

 

 

USD 2016

 

Revenue

1.300.000

Cash flow

Normal

 

 

LEGAL FILINGS

 

CASES

No records were found.

OFAC

Sanctions List Search

The company is not listed in the OFAC list.

 

 

 

SUMMARY

 

Founded in 1997 Vanport Canada Co is an organization in the Lumber Industry headquartered in North Vancouver, BC.

 

The company has 4 employees and generates an estimated $1.3 million USD in annual revenue.

 

It operates nationally and internationally, mainly exporting to the China. It is ACTIVE in business with no negative records.

 

RISK INFORMATION

 

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

-

POSITION

-

COMMENTS

We called number +1-604-985-0533 several times and received no answer.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.21

UK Pound

1

INR 91.43

Euro

1

INR 80.24

CAD

1

INR 53.13

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.