MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRICON INTERNATIONAL, LTD. |
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Registered Office : |
777 Post Oak
Bldg. Ste. 650, Houston, Tx – 77056 |
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Country : |
United States |
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Date of Incorporation : |
11/04/1997 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Engaged as an importer and exporter of petro and industrial chemicals
as well as motor gasoline components. |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: TRICON INTERNATIONAL,
LTD.
Trade Name: TRICON ENERGY LTD.
Address: 777 POST OAK
BLDG. STE. 650
City: HOUSTON
State/Province: TX
Zip Code: 77056
Country: UNITED
STATES
Telephone: 713-963-0066
Facsimile: 713-985-6191
URL www.triconenergy.com
Legal Form: Limited
Partnership
Shareholder:
Founded (D/M/Y): 1997
Sales / Revenue: -
Net Income:
Total Equity:
Number of
Employees: 62
Business Activity: The Subject is engaged as
an importer and exporter of petro and industrial
chemicals
as well as motor gasoline components.
NOTE TO CLIENT
NOTE: The provided
name: TRICON ENERGY LTD. is a d/b/a for TRICON INTERNATIONAL, LTD. located at
the provided address.
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Mr. Chuck
Matthews, Controller, provided the following information in this report.
LEGAL
Legal Form: Limited
Partnership
Incorporation
State TX
Status: ACTIVE
Since (D/M/Y): 11/04/1997
The company is NOT
required to publish an annual financial report.
TEXAS CORPORATE REGISTRY:
TRICON INTERNATIONAL, LTD.
Filing Number: 9744810
Filing Date: 04/11/1997
State of Incorporation: TEXAS
Duration: PERPETUAL
Status: IN EXISTENCE
Business Type: DOMESTIC LIMITED PARTNERSHIP (LP)
REGISTERED AGENT INFORMATION
Name: DAYLE C PUGH
Address: 909 FANNIN STREET
HOUSTON, TX 77010
MANAGERS / KEY PERSONNEL
Mr. Chuck Matthews Controller
Mr. Ignacio Torras President
Mr. Jeffrey McNear Vice President &
Secretary
Mr. Richard
Farrell Vice
President
AFFILIATED COMPANIES
Tricon Energy UK
Tricon Energy Inc.
BANKS
Bank of America
State/Province: TX
Country: UNITED
STATES
The above bank
requires an account number and signed authorization which Management declined
to provide.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------
AIR TRANS 07-11 00-00 0000000 4000 500 100 0 0 0 0 CUST 11 YR
COMPUTERS 07-12 03-10 CREDIT 0 0 0 0 0 0 0
MISC MANUF 07-12 00-00 VARIED 4512500 3600 0 100 0 0 0
PETROLEUM 07-11 00-00 SPECIAL 7141600 0 0 0 0 0 0
TELECOM 07-11 00-00 NET 30 4700 2500 35 42 23 0 0
AIR TRANS 06-11 00-00 NET 30 100 0 0 0 0 0 0 CUST 3 YR
COMPUTERS 05-05 00-00 CREDIT 0 0 0 0 0 0 0 CUST 37 YR
LEASING 05-06 00-00 CONTRCT 900 0 0 0 0 0 0 CUST 1 YR
CURRENT QUARTER 11662800 6600 20 71 9 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20071200 0 5 0 2169400 100 0 0 0 0
20071100 0 4 0 5431800 100 0 0 0 0
20071000 0 4 0 3296400 100 0 0 0 0
20070900 0 4 4 3200 74 26 0 0 0
20070800 0 4 0 2797000 100 0 0 0 0
20070700 0 3 0 2268700 100 0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third 2007 0 2032200 100 0 0 0 0
Second 2007 0 3053300 100 0 0 0 0
First 2007 0 5858900 100 0 0 0 0
Fourth 2006 0 1508600 100 0 0 0 0
Third 2006 4 4600 74 26 0 0 0
FINANCIAL INFORMATION
Management
declined to provide any financial information and outside sources could not
provide any insight into the financial condition of the Subject.
Please note that
as a privately-held company, the Subject is not required to disclose financial
statements for public review.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 4226
Chemical and Allied
Products Wholesalers
Number of Employees: 62
Business Activity:
The Subject is
engaged as an importer and exporter of petro and industrial chemicals as well
as motor gasoline components.
The headquarters
is at the heading address. Management reports additional offices in Istanbul,
Shanghai and Paris.
PUBLIC RECORD
LAWSUITS FILED AGAINST THE COMPANY:
Name Searched: TRICON ENERGY LTD.
Defendant: Tricon Energy Ltd
Filing Date: 11/2/2005
Filing Type: Civil
Plaintiff Counsel: Davis, Jeffrey S [COR LD NTC]
Gardere Wynne Et Al
1000 Louisiana Ste 3400
Houston, TX, USA 77002
713-276-5500 Fax: 713-276-5555 Fax
Plaintiff: Innophos Fosfatados De Mexico S De RL De CV Formerly Known as Rhodia Fosfatados De Mexico SA De CV
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NO BANKRUPTCY PETITION WAS FILED BY THE COMPANY.
COMMENTS
The Subject is engaged as an established importer and exporter of petro and industrial chemicals as well as
motor gasoline components. Payment are considered to be generally satisfactory and a search of public
records found one
lawsuit filed against the Subject, the details of which are unknown at this time.
A search of bankruptcy courts returned no 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. |
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%)