MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
LANXESS S.A. DE C.V. |
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Registered Office : |
Ejercito Nacional No.
579 Piso 3, Colonia Granada, México D.F., C.P. 11,520 |
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Country : |
Mexico |
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Date of Incorporation : |
06.04.2004 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Importation and
distribution of chemical products for the textile industry, automobile,
leather and tanning, plastics, etc. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : LANXESS S.A. DE C.V.
TAXPAYER REGISTRATION : RFC LAN040406NU3
OPERATING STATUS :
Active
MAIN ADDRESS :
Ejercito Nacional No. 579 Piso 3, Colonia
Granada,
CITY/PROVINCE/STATE :
México D.F., C.P. 11,520
COUNTRY : MEXICO
TELEPHONE :
(5255)5262.4300
FAX : (5255)5.262..4311
E - MAIL : miguelangel.rodriguez@lanxess.com
WEB SITE : www.lanxess.com
COMMENTS -
Other e-mail address for this
company: mario.correa@lanxess.com
SUMMARY
Incorporation
: 2004
Operating Status :
Active
Last Capital
: *
Annual Sales
: 6,944.00 Million Euros
Employees
: *
QUALIFICATION
RATING : SECURED CREDIT IS ADVISED
PAYMENTS : NO FURTHER CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION :
06APR2004
REGISTERED IN :
Mexico D.F.
DURATION : 99 years
INITIAL CAPITAL :
Ps$ 50,000.= Pesos
CURRENT PAID-IN CAPITAL : Ps$ 50,000.= Pesos
TYPE OF SHARES :
Nominatives
LISTED AT STOCK EXCHANGE : No
SHARE VALUE
:
Ps$1.= Peso each share
CURRENT EXCHANGE RATE : Ps$10.98 per 1.00 USD
HISTORY
Subject was started as a
division of BAYER DE MEXICO S DE CV, known as BAYER CHEMICAL. It was
established as LANXESS SA DE CV on April 6th., 2004, and started operations
from July 1st. 2,004.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
OWNERSHIP %
NASSON, SEBASTIAN Genera Director
VASQUEZ, CARLOS Finance Manager
RODRIGUEZ MARTINEZ,
MIGUEL ANGEL Accounting Chief
LANXESS DEUTSCHLAND
GMBH Shareholder 100%
WHO IS WHO ?
LANXESS DEUTSCHLAND GMBH
German enterprise.
Dealers of synthetic
rubbers, synthetic fibres and plastics.
This enterprise has
subsidiaries worldwide, located in America, Pacific-Asia, Europe, Middle East
and Africa.
Corporate offices are
located at :
Corporate Communications
Building W4
51369 Leverkusen
Tel: +49 (0) 214-30-43025
Fax: +49 (0) 214-30-56849
RELATED COMPANY(IES)
This enterprise is a
subsidiary of LANXESS DEUTSCHLAND, GMBH of Germany, which in turn is a
subsidiary of BAYER AG of Germany.
COMPANY NAME COUNTRY RELATION
LANXESS DEUTSCHLAND
GMBH GERMANY Parent Co.
BUSINESS
MAIN ACTIVITY -
Importation and
distribution of chemical products for the textile industry, automobile, leather
and tanning, plastics, etc.
Among the products which
subject offers to its customers we could name: Hydrofluoric acids, plastic
additives, bleaching agents, alcohols, amines, biocides, etc.
Subject sells brands of
third parties.
IMPORT : Yes From group companies and third parties in USA,
Asia and Europe.
EXPORT : No
% CASH SALES/METHOD : 50%
% CREDIT SALES/TERMS : 50% (Terms of 30 days)
% FOREIGN PURCHASES : 100%
SELLING TERRITORY : 100% in the Mexican market
EMPLOYEES : 265 approximately
FACILITIES –
Use
: Current administrative site of this company is
at captioned address.
Remarks
and other Premises -
Corporate building is
located in a business zone of Mexico.
Other location:
- Lago Victoria Nº 74, Quinto
Piso, Col. Ampliacion Granada, Delegacion Miguel Hidalgo, C.P. 11,520, Mexico
D.F.
Previous administrative
site: Boulevard Miguel de Cervantes Saavedra No. 259, Ampliación Granada,
Delegación Miguel Hidalgo.
COMMENTS -
Subject makes its importations
against direct credits.
FINANCIAL INFORMATION
We interviewed Mr. Miguel
Angel Rodriguez Martinez, Accounting Chief. He confirmed some information but
said he had to request authorization from top management in order to release
further particulars.
Through third-party
sources we got the consolidated balance sheet of the group prepared by the
LANXESS Aktiengesellschaft, Leverkusen at December 31st., 2006.
The figures are expressed
in millions of Euros.
BALANCE
SHEET DATE : 31DEC2006 31DEC2005
TYPE OF
BALANCE SHEET : Consolidated Consolidated
BALANCE
SHEET OF : 12
months 12 months
CURRENCY : Million Euros Million Euros
ASSETS
TOTAL
CURRENT : 2,475.00 2,506.00
FIXED : 1,465.00 1,526.00
OTHERS : 265.00 309.00
TOTAL ASSETS :
4,205.00 4,341.00
LIABILITIES
TOTAL
CURRENT : 1,223.00 1,509.00
OTHERS : 1,554.00 1,576.00
TOTAL
EQUITY : 1,428.00 1,256.00
TOTAL
LIABILITIES : 4,205.00 4,341.00
SALES :
6,944.00 7,150.00
PROFIT (LOSS) : 202.00 -54.00
LIQUIDITY RATIO : 2.02 (Current Assets/Current Liabilities)
DEBT-TO-EQUITY
RATIO: 116.76% (Shareholders'equity/Current Liabilities)
PROFITABILITY
MARGIN: 2.91% (Profits/Sales)
WORKING CAPITAL :
1,252.00
(Current Assets - Current Liabilities)
PAYMENTS RECORD
TRADE REFERENCES –
COMMENTS
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Subject is not active
seeker of local trade credits since all goods it sells are imported.
LIST OF DOMESTIC SUPPLIERS –
Suppliers
listed Alphabetically.
Supplier
ATLAS REFINERY INC.
LANXESS DEUTSCHLAND
GMBH
LAWSUITS ? .-
According to the Board of
Conciliation and Arbitration, a complaint was filed against this company in
year 2005 by the UNION OF WORKERS OF THE PLASTIC INDUSTRIES, CHEMICAL PRODUCTS
IN PLASTICS AND SIMILARS, under Nº CC-1630/96-XIII-D.F. Further particulars
unavailable.
BANKING INFORMATION
BANKERS
Banking is with:
BANCO NACIONAL DE MEXICO
SA
A detailed reference was
unavailable per policy of the above named banking entity.
GENERAL INFORMATION
LANXESS SA DE CV is
associated to the NATIONAL CHAMBER OF THE RUBBER INDUSTRY.
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%)