MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
OXEA CORPORATION |
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Registered Office : |
1603 West Lbj
Freeway, |
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Country : |
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Date of Incorporation : |
04/12/2006 |
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Legal Form : |
Private Company |
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Line of Business : |
Supplier of oxo
chemical products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: OXEA
CORPORATION
Address: 1603
City:
State/Province:
Zip Code: 75234
Country: UNITED
STATES
Telephone: 972-443-8900
Facsimile: 972
443 8580
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
200
Legal Form: Private
Company
Website: www.oxea-chemicals.com
Business Activity: The Subject is a supplier of oxo
chemical products.
NOTE TO CLIENT
Person Contacted:
Mr. Doug Gordon,
Legal Department.
Ms. Debbie Cashon,
Finance Department.
NOTE: REGARDING THE
REQUESTED ADDRESS P.O.
LEGAL
Legal Form: Private
Company
Since (D/M/Y): 04/12/2006
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
File Number: 4261033
Incorporation Date /
Formation Date: 12/04/2006 (mm/dd/yyyy)
Entity Name: OXEA
CORPORATION
Entity Kind:
CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: THE
CORPORATION TRUST COMPANY
Address: CORPORATION
TRUST CENTER
City:
County: NEW CASTLE
State: DE
Postal Code: 19801
Phone: (302)658-7581
The Company is
qualified in the State of
Company Information:
OXEA CORPORATION
Status:
IN GOOD STANDING NOT
FOR DISSOLUTION OR WITHDRAWAL through May 29,2008
Registered Agent:
Not on file
Registered Agent
Resignation Date:
State of
File Number:
0800765197
Charter/COA Date:
January 26, 2007
Charter/COA Type:
COA
Taxpayer Number:
13006113081
Managers/Key
Personnel
Ms. Martina
Floel Executive Director
Mr. Bob
Gengellbach Operations Manager/Director
Mr. Cornelius
Robertson Chief Executive Officer
AFFILIATED ENTITIES
Management report no
affiliates or subsidiaries.
Parent Companies
Parent Company: Oxea Group,
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response. Outside sources indicate that the Oxea Group has annual
sales of EUR 1.2 billion, however this could not be confirmed.
BANKS
TX
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtained
the name of the Company's primary bank.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- -------- --------
--- --- --- --- --- --------
CHEMICALS
07-05 00-00 CREDIT 2400 2400
100 0 0 0 0
CHEMICALS
07-04 07-03 NET 30 6200 6200
100 0 0 0 0
DP EQUIP
07-06 06-07 NET 30 700 700
100 0 0 0 0
ELEC EQUIP 07-06 00-00 NET 30 6400
6400 100 0 0 0 0
CUST 6 YR
EQUIPMENT
07-07 00-00 NET 30 0 0
0 0 0
0 0 CUST
9 YR
FRGHT FWRD 07-06 07-06 NET 15 300
300 100 0 0
0 0 SATSFTRY
MACH DISTR 07-04 07-04 1/10N30 1100 1100
100 0 0 0 0
PACKAGING 07-07 00-00 NET 30 0
0 0 0
0 0 0
EQUIP LEAS 07-05 00-00 NET 30 26700
24700 66 34
0 0 0
TELECOM
07-05 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
CURRENT QUARTER 12800 11200
77 23 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 6
3 11200 77
23 0 0 0
20070600
0 6 0 400 100 0
0 0 0
20070500
0 6 0 1600 100 0
0 0 0
20070400
0 7 0 0 0
0 0 0 0
20070300
0 7 0 0 0
0 0 0 0
20070200
0 7 0 0 0
0 0 0 0
FINANCIAL INFORMATION
The Company does not
release separate financial statements for public review as they are consolidated
in those of the parent company.
HISTORY
On March 1, 2007,
OXEA began operating as a business. The company was established by a merger of
European Oxo GmbH (EOXO), along with various businesses of the Celanese Group,
which include Oxo derivates and solvents.
CURRENT OPERATIONS
NAICS Code: 4226
Chemical and Allied Products Wholesalers
Number of Employees
: 200
Business Activity:
The Subject is a
supplier of oxo chemical products.
The Company offers a
variety of solvents, polyols, carboxylic
acids, alkylamines and olefin derivatives used in coatings, lubricants,
cosmetics, pharmaceutical, flavorings and fragrances, printing inks and
plastics.
The heading address
is the Company's U.S headquarters. and consists pf 9000 square feet of leased
space. This is a temporary location, the company will move to a different
address in the fall of 2007; located at 1505 West LBJ Freeway,
Other Locations:
Manufacturing site
OXEA Corporation
Mailing:
Physical:
2001 FM 3057
Phone: 979-241-4000
FAX: 979-241-4279
Manufacturing site
Bishop
OXEA Bishop, LLC
Mailing:
Physical:
(1.5 Miles South)
Phone: 361-584-6920
Fax: 361-584-6934
PUBLIC RECORD
Filing Number: 70017163994
Filing Date: 05/22/2007
Filing Time: 9:01PM
Expiration
Date: 05/22/2012
Total Number of
Pages: 002
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
1019
DEBTOR INFORMATION
Debtor(s): OXEA CORPORATION
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): IOS CAPITAL
COLLATERAL
INFORMATION:
LEASED BUSINESS
MACHINERY/EQUIPMENT INCLUDING PROCEEDS AND PRODUCTS
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A search of
bankruptcy courts revealed no record of the Company filing for bankruptcy
GENERAL COMMENTS
Oxea Corporation was
incorporated in 2006. The Company is a supplier of chemical products. Payment
are considered to be generally satisfactory and a search of public records and bankruptcy
courts returned no derogatory information or record of the Company filing a
bankruptcy petition.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)