MIRA INFORM REPORT

 

 

Report Date :

04.03.2011

 

IDENTIFICATION DETAILS

 

Name :

CHARLOFFE CHEMICAL INC

 

 

Registered Office :

9901 1H West Suite 800, San Antonio TX 78230

 

 

Country :

United States

 

 

Date of Incorporation :

17.10.1988

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Industrial Chemicals.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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)

United States

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


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Charloffe Chemical Inc

Address in the order:

9901 1H West Suite 800, San Antonio TX 78230

Legal Name:

Charlotte Chemical Inc

Legal Address

2500 WILCREST, SUITE 334 HOUSTON, TX 77042

Operative Address

9901 1H West Suite 800, San Antonio TX 78230

Telephone:

+1 (210) 558-2800  +1 (210) 558-2886

ID :

17425182155

Fax:

+1 (210) 694-0892

Legal Form:

Corporation for Profit

Email:

-

Registered in:

Texas

Website:

-

Date Created:

1988

Manager:

Sergio Tostado, President

Date Incorporated:

October 17th, 1988

Staff:

50

Stock:

N/A

 

 

Value:

N/A

Activity:

Industrial Chemicals

 

                                                                                    

BANKS

 

Name of the Bank

Bank Of America

 

 

BUSINESS

 

HISTORY

 

This company was created in the year 1988.

PRINCIPAL ACTIVITY

 

The company is categorized under industrial chemicals.

Products/Services description:

 

Chlorinated Paraffin, Chlorinated Rubber, Polymeric Plasticizers, Bbp, Castor Oil, Biocides For Plastic And Paints, PVC Stabilizers, PVC Resins, Acrylamide, Antimony Oxide, Zinc Borate, Zinc Stannate. 

Sales are:

 

Wholesale

Clients:

 

Various industries

The company does not import

The company export to Worldwide

 

 

 

LOCATION

Headquarters

 

The company is headquartered at 9901 1H West Suite 800, San Antonio TX 78230.

Branches:

 

There were no branches found for this company.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Sergio Gómez Tostado, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

Legal Fillings

 There is one UCC** files listed with the Secretary of State of Texas.

 

There are no legal filings listed with the District Court.

 

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 United States citizens and permanent residents are prohibited from doing business.

 

** 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 United States of America. 

 

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 Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This company has been in business for 23 years. It has a staff of 50 employees which makes it a medium sized company.

 

There were no legal filings fund against the company or its legal representatives.

 

Due to the fact that the accountant refused to provide us with any financial figures about the company, and considering that as a private company there was no financial information found.

 

We suggest working with GUARANTEES

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

LOW

Public Records

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Greg

Position

 

Accountant

Comments

 

He agreed to provide us with basic information, such as the company's operative address, and its manager; however he refused to provide us any financial data on grounds of confidentiality.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.96

UK Pound

1

Rs.73.37

Euro

1

Rs.62.33

 

 

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

----

NB

New Company

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.