MIRA INFORM REPORT
|
Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
OXYDE CHEMICALS INC |
|
|
|
|
Registered Office : |
711 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.10.1987 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Trader and distribution of industrial chemicals |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
300 000 USD |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: 100 USD = 74 EUR |
IDENTIFICATION
|
Ordered as: |
Oxyde Chemicals Inc |
||
|
Address in the order: |
|
||
|
Legal Name: |
OXYDE CHEMICALS INC |
||
|
Legal Address |
711 |
||
|
Operative Address |
|
||
|
Telephone: |
+1 (281) 874 - 9100 |
ID : |
0106403000 |
|
Fax: |
+1 (281) 874 - 9172 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
1987 |
|
|
Manager: |
JOSE FERNANDO RODRIGUEZ, President. |
Date Incorporated: |
October 5th, 1987 |
|
Staff: |
59 employees |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Trade and distribution of industrial chemicals. |
||
BANKS
|
Name of the Bank |
ABN AMRO BANK |
|
Name of the Bank |
WELLS FARGO BANK |
|
Name of the Bank |
BANQUE ARTESIA |
|
Name of the Bank |
HSBC BANK |
BUSINESS
|
HISTORY |
|
|
|
The company was founded in 1924 in |
|
PRINCIPAL ACTIVITY |
|
|
|
The company engages in trading and distributing industrial chemicals
and plastic raw materials. Other activities include transportation, storage,
documentation, and financing. It offers glycols, fiber intermediates,
oxo-alcohols and plasticizers, aromatics, solvents, organic intermediates,
and plastic products. |
|
Products/Services description: |
|
|
|
- Chemicals
Trading: Glycols Monomers Aromatics Inorganics Solvents Oxo-Alcohols & Plasticizers Organic Intermediates - Plastic
Trading: Vinyls Polyethylene Polypropylene Polystyrene Engineering Plastics Among others... |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Profesionals of the industry. It serves mainly the Synthetic Fibers,
Food Additives, Chemical Manufacturing and Construction Industry, among others... |
|
Operations area: |
|
|
|
National, International |
|
The company imports from Worldwide, depending on the demand |
|
|
The company export to Worldwide, depending on the demand |
|
|
Trade References: |
|
|
|
Despite our searches we were not able to find any company’s trade
references. |
|
The subject employs 59 employee(s) |
|
|
PAYMENTS |
|
|
|
made on a 60 days basis - monitored over the last 12 months |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at |
|
Surface area: |
|
|
|
13,960 net sq ft |
|
Business Overview: |
|
|
|
The |
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
Despite our long searches we could not identify any company’s
shareholders. |
|
Management: |
|
|
|
Jose Rodriguez, President Hans Bruehl, Product Trader Steve Stone, Director Tony Mohan, Sales Brian Williams, Trader |
|
Related Companies: |
|
|
|
OXYDE QUIMICA OCB TRADING LTDA OCV TRADING OXYDE OXYDE OXYDE CHEMICALS ( OXYDE CHEMICALS KOREA CORP Among many others... |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
However our financial sources could provide us with the following data
(ESTIMATES): |
|
Currency |
DATE |
|
USD |
2009 |
|
Turnover |
18,100,000 |
|
Operating Income |
564,000 |
|
Net Income |
423,000 |
|
Net worth |
3,400,000 |
|
Bank liabilities |
760,000 |
|
The cash flow is |
Good |
|
Currency |
DATE |
|
USD |
2008 |
|
Turnover |
17,900,000 |
|
Operating Income |
834,000 |
|
Net Income |
657,000 |
|
Net worth |
3,000,000 |
|
Bank liabilities |
900,000 |
|
The cash flow is |
Good |
|
Legal Fillings |
|
There are 5 UCC files listed with the
Secretary of State of Texas: 1. Filing Number: 80040913348 Filing Date: 12-30-2008 Secured Party: ING BANK N.V. Filing Number: 40076433017 Filing Date: 07-29-2004 Secured Party: BANQUE ARTESIA 2. Filing Number: 20039175178 Filing Date: 08-02-2002 Secured Party: ABN AMRO BANK N.V. (ATTN: GLOBAL TCF) 3. Filing Number: 643237 Filing Date: 12-14-2000 Secured Party: ABN AMRO BANK, N.V. 4. Filing Number: 88191993 Filing Date: 07-28-1988 Secured Party: BANQUE PARIBAS There is one legal filings listed with the
District Court. Oxyde Chemicals, Inc. v. M.T. Dawn et al Plaintiff:
Oxyde Chemicals, Inc. Defendants: M.T. Dawn, Chemluck Shipping
S.A. and ACE Tankers C.V. Case Number: 1:2010cv05879 Filed: August 4, 2010 Court: Office: County: XX Out of State Presiding Judge: Jed S. Rakoff Nature
of Suit: Contract - Marine Cause: 28:1333 Jurisdiction: Federal Question Jury Demanded By: None THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by individuals
(in business as a sole proprietor), business entities and corporations. |
Rating
|
Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
|
|
Final
Opinion |
|
|
|
This is a small size company with several
years in the business. The company's income remains pretty fair
for its size. Its activity and profitability followed
the same trend. The financial institutions indicate that the
company has at this point enough cash to fulfill current obligations. In addition, the subject's length of
payment has remained regular. At this time, we believe that, the subject
can handle a credit line in the range of 300 000 USD The business connection can be conducted. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
YES |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
GOOD |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.50 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.63 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.