MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION DETAILS
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Name : |
OXYDE CHEMICALS
INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05/10/1987 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Trading of
petrochemicals. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: OXYDE
CHEMICALS INC
Address:
City:
State/Province:
Zip Code: 77090
Country: UNITED
STATES
Telephone: 281
874-9100
Facsimile: 281
874-9172
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 12
Legal Form: Corporation
- Private
Website: www.oxydeusa.com
Maj.
Shareholder: Mr. Fernando Rodriguez
Business Activity: Oxyde Chemicals Inc is engaged in the
trading of petrochemicals.
NOTE TO CLIENT
The information in
this report was provided by Ms. Kris Steingrub, Office Manager. A written
request for additional information has been faxed to the subject company. If a
response is received this report will be updated immediately.
NOTE: PRANQUE ARTESIA
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 05/10/1987
State/Province of
Incorporation: TX
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Company
Information: OXYDE CHEMICALS INC
Status: IN GOOD STANDING
Registered
Agent: J
FERNANDO RODRIGUEZ
711
State of
File Number: 0106403000
Charter/COA
Date: October 5, 1987
Charter/COA
Type: Charter
Taxpayer
Number: 17602313417
Managers/Key Personnel
Mr. Fernando
Rodriguez President
Mr. Steve Stone Chief Financial Officer
Ms. Kris
Steingrub Office Manager
OWNERS
Mr. Fernando
Rodriguez
% Majority
OXYDE CHEMICALS
B.V.
Minority
AFFILIATED ENTITIES
There are no
subsidiaries or divisions, however several affiliated companies are listed
below:
OCB
Rua Barao de
Paranapanema, 146
Bloco C-conjunto 83
Jardim Proenca-Campinas-SP
CEP 13 026-010
Tel. +55-19-32947711
Fax +55-19-32947200
regis@oxydebr.com
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OXYDE CHEMICALS (
R. 303, Block 17 Mei
Guiyuan
Long yan
Tel. +86-754-8322648
Fax +86-139-02738271
oxyde@pub.shantou.gd.cn
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OXYDE CHEMICALS FAR
EAST LTD.
6F, Dong Long You
Xi
200040
Tel. +86-21-62792309/16/23
Fax +86-21-62756978
Mob +86-139-01691318
oxydeshg@stn.sh.cn
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OXYDE CHEMICALS,
SARL
2, Rue de la
Creativite
59658 Villenueve
D`Ascq
Tel. +33-320-799150
Fax +33-320-799151
oxydechemicals@nordnet.fr
www.oxyde.nl
-------------------------------------------------------------------
OXYDE CHEMICALS,
GMBH
Bahnhofstrasse 9
25358 Horst /
394366 Deutschland
Tel. +49-4126-394365
Fax +49-4126-394367
a.leszinski@oxydechemicals.de
www.oxyde.nl
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OXYDE CHEMICALS
ITALIA SRL
Via Principale 9
29010 Pianello
Val Tidone PC
Tel. +39-0523 997241
Fax +39-0523 997623
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PT OCI
JL Mataram Raya N0.
58
Perumnas III
Karawaci,
Tangerang 15810
Tel. +61-21-5916465
Fax +62-21-5512116
oxydeina@indosat.net.id
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OCK CORPORATION
Rm. 1003, Samdo
Officetel
Building 12-1
7837396
Yoido-Dong,
youngdeungpo-Ku
Tel.
+82-2-7830006/7398
Fax +82-2-7837399
ockcorp@chollian.net
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OXYDE QUIMICA S.A.
de C.V.
Plaza
Blvd. Antonio L.
Rodríguez #3058,PH
Col. Rincón de Santa
María,
Tel .+52-81-81009890
Fax +52-81-81009891
quimica@oxydeusa.com
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The
OXYDE CHEMICALS,
B.V.
Burg. Haspelslaan 61
1181 NB
Tel. +31-20-6562222
Fax +31-20-6401676
oxyde@oxydechem.nl
www.oxyde.nl
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OXYDE CHEMICALS B.V.
Ul. Dominikanska 11b
02738
Tel.
+48-22-8536272/8538282
8282/4454
Fax +48-22-8535040
oxydewaw@k2.pl
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OXYDE CHEMICALS B.V.
Bl. P39 Sc 2, 3rd
Floor
70700
Tel. +40-1-4203458
Fax +40-1-4207885
oxydemiv@fx.ro
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OXYDE CHEMICALS B.V.
Tel. +7-095-5860445
Fax +7-095-5860445
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OXYDE KIMYA A.S.
Ebulula Cad. Park
Maya Sitesi
Akatlar 34330
Tel. +90-212-3522740
Fax +90-212-3522759.
oxyde@oxydekimya.com
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OCV TRADING
Avda. Principal Urb.
Edificio Irune
Mezzanina " B"
Las Mercedes Caracas
Tel.
+58-21-9937985/5297/2860
Fax +58-21-29911025
correaf@oxydeven.com
BANKS
WELLS FARGO BANK
TX
Telephone: 713
319-1451
Facsimile:
Account Number:
Account Manager: Mr.
Andrew Moy
With Bank for more
than 8 Years
No Line of Credit
Overall Rating:
Excellent
PRANQUE ARTESIA
Telephone:
Facsimile:
Account Number:
Account Manager:
A written request
for Bank Contact information has been faxed to the subject company. If a
response is received this report will be updated immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 07-03 0000000 2300
1000 100 0 0
0 0 CUST 20 YR
COMMUNICTN 07-04 07-03 NET 30 1700
1600 100 0 0
0 0
COMPUTERS
07-01 04-12 CREDIT 20000 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
10 YR
FACTOR
04-07 00-00 NET 30 0 0
0 0 0
0 0 CUST 29 YR
GENERAL
06-01 00-00 N10PRXO 100
0 0 0
0 0 0
MANUFCTRNG 06-11 06-08 VARIED 7842100
1050200 0 0
100 0 0 CUST
5 YR
TELECOM
04-09 00-00 NET 30 600 600
100 0 0 0 0
CURRENT QUARTER 24000 2600
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 22 0 2700 100 0
0 0 0
20070300
0 17 0 2400 100 0
0 0 0
20070200
0 16 0 2400 100 0
0 0 0
20070100
0 8 0 2500 100 0
0 0 0
20061200
0 7 0 4000 100 0
0 0 0
20061100
0 7 0 2800 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0
2500 100 0 0 0 0
Fourth
2006 0 3100 100 0
0 0 0
Third
2006 0 1900 100 0
0 0 0
Second
2006 0 700 100 0
0 0 0
First 2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
No financial figures
regarding the subject company could be obtained directly from management or
from outside sources at the time of this report.
HISTORY
The Company was
founded in August 15, 1987 by the former Parent Company, OXYDE CHEMICALS B.V.
for operations in the
In 1991, THE OXYDE
CHEMICALS CORPORATION changed its name to OXYDE CHEMICALS, INC.
Today, the Company
is networked with agents and distributors worldwide.
CURRENT OPERATIONS
NAICS Code: 42269
Other Chemical and Allied Products Wholesalers
SIC Code: 5169
Number of
Employees: 12
Business Activity:
Oxyde Chemicals Inc
is engaged in the trading of petrochemicals. The Subject purchases shiploads of
chemicals and plastics and trades them to companies in other countries. Products include; aromatics solvents, oxo-
alcohols and plasticisers, fibre intermediates, glycols, inorganic
intermediates, organic intermediates, plastics and solvents. Sales are on an
international basis.
The headquarters and
sole location listed above is owned by the subject company. The location is a
total of 17,000 square feet, however the subject only occupies 10,000 square
feet. A tenant is located in the remaining area.
PUBLIC RECORD
No liens or
bankruptcy filings were found. Several judgments and civil filings were found
which do not appear to have impacted normal operations:
--------------------------------------------------------------------------------
Name Searched: OXYDE
CHEMICALS INC.
Party Address: TX
Creditor: YUNG CHU
CHEM IND LTD
Debtors: OXYDE
CHEMICALS INC
Entered: 10/19/2001
Number: 0141242
Type: CIVIL JUDGMENT
--------------------------------------------------------------------------------
Name Searched: OXYDE
CHEMICALS INC.
Defendant: Oxyde
Chemicals Inc, as Charterer Under an Asbatankvoy Charter
Party Dated June 3
1997
Filing Date:
1/25/2002
Filing Type: Civil
Plaintiff Counsel:
Gonynor, Francis J [COR LD NTC]
Eastham Watson Dale
& Forney
808 Travis 20TH
Floor
713-225-0905
713-225-2907 Fax
Plaintiff: Haewang
Industries Co Ltd, as Owner of M/T Sunny Chemi
--------------------------------------------------------------------------------
Name Searched: OXYDE
CHEMICALS INC.
Party Address: NA NA
TX
Creditor: YUNG CHU
CHEM IND LTD
Debtors: OXYDE CHEMICALS
INC
Entered: 08/13/2001
Number: 200141242
Type: CIVIL NEW
FILING
--------------------------------------------------------------------------------
Name Searched: OXYDE
CHEMICALS INC.
Party Address: 12941
N FY #533
Amount: $ 2,347
Creditor: YOUNGBLOOD
AND ASSOCIATES
Debtors: OXYDE
CHEMICALS INC
Entered: 05/10/2000
Number: 731904
Type: CIVIL JUDGMENT
--------------------------------------------------------------------------------
Name Searched: OXYDE
CHEMICALS INC.
Party Address: 12941
I 45 N 533
Creditor: AMERICAN
TECNOPOL CORP
Debtors: OXYDE
CHEMICALS INC
Entered: 03/11/2002
Number: SC42C4001327
Type: CIVIL NEW
FILING
GENERAL COMMENTS
OXYDE CHEMICALS INC is
well established with operations dating from 1987. Payments are made on time.
The operation history revealed several judgments and civil filings were found
which do not appear to have impacted normal operations. The subject is
considered to be responsible for normal business transactions at this time.
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%)