MIRA INFORM REPORT

Report Date :

16.01.2008

IDENTIFICATION DETAILS

Name :	OCCIDENTAL CHEMICAL CORP
Registered Office :	PO Box 809050 Dallas, Tx 75380-9050
Country :	United States
Date of Incorporation :	04.01.1955
Com. Reg. No.:	853259160
Legal Form :	Institutions
Line of Business :	Alkalies and Chlorine

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow by 7 days
Litigation :	Clear

Company Information

OCCIDENTAL CHEMICAL CORP
PO BOX 809050
DALLAS, TX 75380-9050
(972) 404-3800

Business Identification Number:

853259160

File Established:

09/1981

Date of Incorporation:

04/01/1955

SIC code:

ALKALIES AND CHLORINE - 2812

Matching Name and Address

This business is linked to the one displayed above. The report shows the best view of the business.

OCCIDENTAL CHEMICAL CO
50005 LBJ FWY
DALLAS, TX 75244

Executive Summary

  Intelliscore for OCCIDENTAL CHEMICAL CORP

14.11

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

100

High risk

Low risk

HIGH RISK
8% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

	NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS
	BALANCE ON HIGH CREDIT
	NUMBER OF DEROGATORY PUBLIC RECORD ACCOUNTS
	NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

  Current DBT range compared to all industries*

7 DBT
($1,600,100 Balance)

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 5 DBT

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings: details (FILED 10/06-04/07)

2

Judgment filings:

0

Total collections: details (PLACED 05/02-12/06)

16

Sum of legal filings:

$2,032

UCC filings: details (FILED 03/03-06/07)

10

Cautionary UCC filings present?

Yes**

Trade Information

Monthly average DBT:

7

Highest DBT previous 6 months:

11

Highest DBT previous 5 quarters:

11

Total continuous trades:

54

Current continuous trade balance:

$1,600,100

Trade balance of all trades (98):

$6,872,200

Average balance previous 5 quarters:

$2,074,780

Highest credit amount extended: details

$2,400,100

6 month balance range:

$1,292,700 - $2,426,800

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

  7 month DBT trends

90+

60

30

5

8

9

11

6

3

7

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

  Quarterly DBT trends (previous 5 quarters)

90+

60

30

10

5

6

10

5

0

4Q06

1Q07

2Q07

3Q07

4Q07

Performance Analysis

Predicted DBT for 03/12/2008: 7 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid the same as similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

Legal Filings and Collections

Collections
Date Placed	Status	Original Balance	Outstanding Balance	Date Closed	Agency	Agency Phone
12/2006	Open Account	$4,470	$4,470		JOHNSON MORGAN & WHITE	(800) 441-9550
02/2005	Closed, Uncollected	$98	$98	04/2005	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
12/2004	Closed, Uncollected	$243	$243	03/2005	RECEIVABLE MANAGEMENT SERVICES	(000) 000-0000
04/2004	Paid in Full	$0	Undisclosed	12/2007	CITI - OFFICE MAX COLLECTIONS	(800) 767-1289
09/2003	Open Account	$0	Undisclosed		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$131	$131		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$385	$385		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$40	$40		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$125	$125		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$125	$125		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$126	$126		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$0	Undisclosed		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$127	$127		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$127	$127		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
09/2003	Open Account	$0	Undisclosed		FIDELITY NATIONAL CREDIT SERVI	(800) 648-9341
05/2002	Open Account	$1,382	$1,382		JONATHAN NEIL & ASSOCIATES INC	(818) 705-3770

Tax Liens
File Date	Filing Type	Status	Amount	Filing Number	Jurisdiction
09/07/2007	State Tax Lien	Released	$922	5220048472131001	DALLAS COUNTY CLERK
04/25/2007	State Tax Lien	Filed	$1,110	07105483	MERCER COUNTY REG
10/20/2006	State Tax Lien	Filed	$922	5220048472131001	DALLAS COUNTY CLERK

Trade Payment Information

Trade Payment Experiences (Trade Lines With an (*) after date are newly reported)						Account Status Days Beyond Terms
Business Category	Date Reported	Last Sale	Payment Terms	Recent High Credit	Balance	Cur	1-30	31-60	61-90	91+	Comments
ADVERTISNG	01/2008		NET 30		$0						CUST 5 YR
=AGRI CHEM	12/2007	11/2007	NET 30	$2,400,100	$608,700	100%
+AIR TRANS	11/2007	11/2007		$10,500	$8,400	100%					CUST 23 YR
-APPAREL	12/2007	10/2007	NET 30	$2,700	$2,700		55%	45%
=BLDG MATRL	11/2007	11/2007	VARIED	$5,100	<$100		100%				CUST 3 YR
=BLDG MATRL	12/2007	11/2007	VARIED	$114,000	$16,600		100%
+CHEMICALS	10/2007	08/2007	NET 30	$58,700	$500	100%
COMMUN SVC	09/2007		NET 30		$0						CUST 7 YR
COMPUTERS	01/2008		CREDIT		$0						ACCTCLOSED
ELEC DISTR	01/2008		NET 30		$0
ELEC DISTR	12/2007		VARIED	$1,900	$0						PROMPT
+ELEC EQUIP	12/2007		NET 30	$4,400	$1,200	100%					CUST 57 YR
-ELEC EQUIP	11/2007	06/2007	CONTRCT	$36,300	$13,700					100%	CUST 10 YR
=ELEC MFG	01/2008		VARIED	$670,800	$294,600	25%	75%				CUST 8 YR
-ELEC SUPLR	09/2007		NET30	$1,100	$1,000				100%
EQUIPMENT	12/2007		NET 30		$0
EQUIPMENT	01/2008		NET 30	$5,900	$0						CUST 10 YR
+FACTOR	11/2007	11/2007	NET 30	$327,400	$327,400	100%
FACTOR	01/2008		NET 30		$0						CUST 3 YR
FACTOR	12/2007		NET 30		$0						CUST 4 YR
FINCL SVCS	12/2007	08/2007	NET	$8,800	$0						CUST 4 YR
FREIGHT	01/2008	05/2006	VARIED	$200	$0
+FREIGHT	01/2008	12/2007	VARIED	$25,100	$800	69%	31%
FRGHT FWRD	11/2007	02/2007	NET 30		$0
GIFTWARE	12/2007	11/2005	NET 30	$5,000	$0
-INDUS MACH	12/2007		NET 30	$25,200	$21,700	1%		63%	36%
INDUS SUPL	11/2007		NET 30		$0						CUST 3 YR
+INDUS SUPL	10/2007	10/2007	NET 30	$16,600	$12,500	99%	1%				CUST 9 YR
-INDUS SUPL	10/2007	10/2007	VARIED	$51,900	$26,400	39%	18%	16%	27%		CUST 22 YR
INDUS SUPL	10/2007		NET 30		$0
INDUS SUPL	10/2007		NET 30		$0						CUST 3 YR
INDUS SUPL	10/2007		COD		$0
+INDUS SUPL	10/2007	09/2007	NET 30	$8,700	$1,900	58%	42%				CUST 16 YR
INDUS SUPL	10/2007		NET 30		$0						CUST 1 YR
MACH DISTR	12/2007		VARIED	$2,300	$0
=MACH DISTR	10/2007	10/2007	1/10N30	$5,300	$4,600	19%	81%				CUST 23 YR
-MED SUPPLY	12/2007		VARIED	$7,200	$7,200	59%	18%	4%		19%
-MISC MANUF	12/2007	10/2005	NET 30	$3,900	$300					100%
-MISC MANUF	12/2007		VARIED	$1,093,600	$239,500	35%	47%	16%	2%
OPTIC SUPL	01/2008		NET 15		$0						CUST 13 YR
-PACKAGING	12/2007	10/2007	NET 30	$7,200	$3,700		100%				CUST 7 YR
PAINTS	11/2007	06/2000	VARIED		$0						WRITE-OFF
PAINTS	11/2007	10/2007	1/10PRX	$500	$0						CUST 2 YR
PLUMBING	11/2007		NET30		$0
R&D	11/2007		NET 30	$1,300	$0
SAFTY PROD	12/2007		NET 30	$100	$0						CUST 19 YR
SAFTY PROD	11/2007	02/2007	NET 30		$0						CUST 4 YR
+TELECOM	12/2007		NET 30	$7,300	$5,700	52%	48%
+TELECOM	12/2007		NET 30	$100	<$100	100%
TRANSPORTN	11/2007	09/1999	VARIED		$0						CUST 8 YR
TRANSPORTN	12/2007		NET 30		$0						PROMPT
WAREHOUSE	11/2007	04/2007	VARIED		$0						ACCTCLOSED
=WAREHOUSE	01/2008	12/2007	VARIED	$800	$500	27%	73%
+WELDING	11/2007	10/2007	N10PRXO	$400	$300	71%	29%

Trade Payment Totals

Trade Payment Experiences				Account Status Days Beyond Terms
Type	Lines Reported	Recent High Credit	Balance	Cur	1-30	31-60	61-90	91+	Comments
Continuously Reported	54	$4,910,400	$1,600,100	71%	23%	4%	1%	1%	DBT: 7
Newly Reported	0								DBT:
Trade Lines Totals	54	$4,910,400	$1,600,100	71%	23%	4%	1%	1%	DBT: 7

Additional Payment Experiences

Trade Payment Experiences (Trade Lines With an (*) after date are newly reported)						Account Status Days Beyond Terms
Business Category	Date Reported	Last Sale	Payment Terms	Recent High Credit	Balance	Cur	1-30	31-60	61-90	91+	Comments
=AGRI CHEM	01/2005	01/2005	VARIED	$4,073,800	$4,073,800	72%	28%
AIR TRANS	11/2006		NET 30		$0						CUST 19 YR
COMPUTERS	05/2005		VARIED		$0						CUST 37 YR
-COMPUTERS	06/2006	04/2006		$6,900	$300			100%
CONST MACH	03/2005		N10PRXO		$0
DISTRIBUTR	07/2005		NET30	$1,200	$0
DP EQUIP	11/2006		NET 30		$0
-ELEC DISTR	06/2006		NET 30	$8,200	$2,900	1%	30%		32%	37%
=ELEC SUPLR	04/2005		VARIED	$31,700	$3,100	61%	30%			9%
-ELEC SUPLR	10/2007	09/2007	2/10N30	$10,200	<$100			100%			CUST 3 YR
ELEC SUPLR	10/2007	10/2007	2/10N30	$32,700	$0						CUST 13 YR
ELEC SUPLR	09/2005	03/2000	2/10N30		$0						CUST 9 YR
-ELEC SUPLR	10/2007	03/2007	2/10N30	$15,900	$1,300					100%	CUST 21 YR
-EQUIP LEAS	05/2007	12/2006	NET 30	$389,500	$2,600					100%
FACTOR	09/2006	02/2001	NET 30		$0
FACTOR	08/2007		NET 30		$0						CUST 7 YR
-FINCL SVCS	07/2007		NET 20	$27,500	$800	4%	75%	21%
FINCL SVCS	09/2006	08/2006	CONTRCT	$18,900	$0						ACCTCLOSED
+FRGHT FWRD	08/2006	07/2006	NET 15	$300	$100	100%					SATSFTRY
-FUEL DISTR	05/2005		NET 30	<$100	<$100	3%			97%
+HEATNG&A/C	05/2007		NET 30	$87,500	$9,800	100%
+INDUS MACH	07/2006		NET	$219,300	$39,600	39%	61%
+INDUS MACH	03/2007		NET 30	$100	<$100		100%
+IRON&STEEL	06/2006		NET 30	$100	$100	100%
LEASING	11/2007		CONTRCT	$7,100	$0
-LUMBR&WOOD	09/2005	07/2005	VARIED	$6,300	$200			100%			CUST 5 YR
+MANUFCTRNG	12/2006	11/2006	VARIED	$392,200	$197,900	92%	8%				CUST 5 YR
-MED EQUIP	04/2007		NET 30	$1,000	$1,000				100%
MISC MANUF	05/2006	03/2006	VARIED	$11,300	$0
NEWSPAPERS	10/2006	12/2002	NET 30		$0
+OFFC EQUIP	04/2006	03/2006	NET 30	$1,200	<$100		100%				CUST 2 YR
=OIL REFNG	12/2006			$1,056,400	$912,000	99%			1%
PACKAGING	01/2006	04/1999	NET 30		$0
+PACKAGING	08/2007	07/2007	NET 60	$12,900	$4,600	100%
PAPER PROD	06/2005		NET 30		$0
+PRNTG&PUBL	05/2006		VARIED	$10,000	$10,000	100%
TELECOM	07/2005	06/2005	NET 30		$0						CUST 17 YR
+TELECOM	07/2005	05/2005	NET 30	<$100	<$100	100%					EXLENT ACC
TELECOM	05/2007	05/2007	NET 30	<$100	$0						EXLENT ACC
TELECOM	05/2007		NET 30		$0						CUST 11 YR
-TEMP HELP	01/2007		VARIED	$4,100	$200					100%	CUST 6 YR
TRANSPORTN	12/2005		NET 15		$0						ACCTCLOSED
TRUCK DLR	08/2005		CONTRCT		$0
-WHLSE TRAD	04/2007	04/2007	NET 30	$11,300	$11,300	33%	30%			37%

Monthly Payment Trends

Payment Trends Analysis
ALKALIES AND CHLORINE INDUSTRY SIC: 2812

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

7

$1,600,100

71%

23%

4%

1%

1%

NOV07

85%

5

3

$2,059,500

92%

4%

2%

1%

1%

OCT07

81%

6

6

$2,426,800

71%

27%

1%

1%

SEP07

80%

6

11

$1,778,800

76%

12%

12%

AUG07

83%

5

9

$1,292,700

76%

6%

17%

1%

JUL07

83%

5

8

$2,124,100

71%

22%

2%

4%

1%

JUN07

83%

5

5

$1,905,000

82%

12%

5%

1%

Quarterly Payment Trends

Payment History - Quarterly Averages				Account Status Days Beyond Terms
Quarter	Months	DBT	Balance	Cur	1-30	31-60	61-90	91+
Q4 - 07	OCT-DEC	5	$2,012,400	81%	15%	2%	1%	1%
Q3 - 07	JUL-SEP	10	$1,723,400	73%	15%	5%	6%	1%
Q2 - 07	APR-JUN	6	$2,181,300	83%	11%	3%	1%	2%
Q1 - 07	JAN-MAR	5	$2,515,400	89%	7%	1%		3%
Q4 - 06	OCT-DEC	10	$1,941,400	81%	9%	2%	1%	7%

Inquiries

Summary of Inquiries
Business Category	JAN08	DEC07	NOV07	OCT07	SEP07	AUG07	JUL07	JUN07	MAY07
GENERAL		1
LEASING	1
Totals	1	1

UCC Profile

The number of UCC Filings is summarized with the 10 most recent listed below.

A full UCC detail report is available the same business day by entering UCC-853259160-C032513882
into the Business ID Number field on the BizApps order page.

UCC Summary		Filings
Date Range	Year	Cautionary UCCs^**	Total Filed	Released/ Term'd	Cont	Amended/ Assigned
JAN - PRESENT	2008
JUL - DEC	2007			1
JAN - JUN	2007		2	2		1
JUL - DEC	2006
JAN - JUN	2006
PRIOR TO JAN	2006	7	8		1
Total		7	10	3	1	1

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

UCC Filings

UCC FILED Date: 06/08/2007

Filing Number: 0700194371

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AIRGAS SOUTHWEST, INC. TX CORPUS CHRISTI 78469 4817 AGNES ST

Collateral: UNDEFINED

UCC TERMINATED Date: 07/06/2007

Filing Number: 0700228914

Original Filing Date: 06/08/2007

Original Filing Number: 0700194371

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AIRGAS SOUTHWEST, INC. TX CORPUS CHRISTI 78469 4817 AGNES ST

Collateral: 

UCC FILED Date: 01/22/2007

Filing Number: 2007 0266311

Jurisdiction: SEC OF STATE DELAWAR

Secured Party: SUNOCO, INC. PA PHILADELPHIA 19103 1735 MARKET ST. 16TH FL.,

Collateral: UNDEFINED

UCC AMENDED Date: 01/05/2007

Filing Number: 0700005773

Original Filing Date: 01/05/2007

Original Filing Number: 0700005223

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AIRGAS SOUTHWEST, INC. TX VICTORIA 77902 203 N BEN JORDAN

Collateral: 

UCC TERMINATED Date: 03/23/2007

Filing Number: 0700096610

Original Filing Date: 01/05/2007

Original Filing Number: 0700005207

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AIRGAS SOUTHWEST, INC. TX VICTORIA 77902 203 N BEN JORDAN

Collateral: 

UCC TERMINATED Date: 03/23/2007

Filing Number: 0700096618

Original Filing Date: 01/05/2007

Original Filing Number: 0700005223

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: AIRGAS SOUTHWEST, INC. TX VICTORIA 77902 203 N BEN JORDAN

Collateral: 

UCC FILED Date: 05/25/2005

Filing Number: 200505250637128

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: WILMINGTON TRUST COMPANY, NOT IN ITS IND DE WILMINGTON 19890

Collateral: UNDEFINED

UCC FILED Date: 05/19/2004

Filing Number: 200405190523920

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: MANUFACTURERS AND TRADERS TRUST COMPANY, NY BUFFALO 14240 ON

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 03/25/2004

Filing Number: 200403255234173

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: CATERPILLAR FINANCIAL SERVICES CORPORATI TN NASHVILLE 37203

Collateral: HEREAFTER AQUIRED PROP, UNDEFINED

UCC FILED Date: 03/23/2004

Filing Number: 200403235227287

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: AMERICAN FINANCE GROUP, INC. TX DALLAS 75225 8333 DOUGLAS AV

Collateral: EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED

Company Background Information

  Corporate Registration

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF OHIO

State of Origin: OH

Date of Incorporation: 04/01/1955

Current Status: Active

Business Type: Institutions - Unknown

Charter Number: 246127

  Additional Company Background Information

Operating Information

Business Type: Institutions

Primary SIC Code: ALKALIES AND CHLORINE - 2812

Secondary SIC Code: CHEMICALS AND ALLIED PRODUCTS, NE - 5169

Additional SIC Code: 2800 - 5063

Number of Employees: 2

Sales: $300,000

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions