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Report Date : |
09.05.2012 |
IDENTIFICATION DETAILS
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Name : |
OXYDE CHEMICALS CHINA LTD. |
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Registered Office : |
C/o Tagent Corporate Services Ltd. Room 1507, 15/F., Emperor Group Centre, |
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Country : |
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Date of Incorporation : |
13.06.2007 |
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Com. Reg. No.: |
38221498 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of chemicals and plastics, etc. |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office In Hong Kong |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
OXYDE CHEMICALS
CHINA LTD.
ADDRESS: c/o Tagent Corporate
Services Ltd.
Room 1507, 15/F., Emperor
Group Centre, 288 Hennessy Road, Wanchai, Hong Kong.
PHONE: 2573 2686
FAX: 2574 2060
E-MAIL: fredwong@oxyde.com.hk
Managing Director: Mr. Fernando
Rodriguez
Incorporated on: 13th
June, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1,000.00
Business Category: Chemical Trader.
Employee:
1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Tagent Corporate Services Ltd.
Room 1507, 15/F., Emperor Group Centre, 288 Hennessy Road, Wanchai, Hong
Kong.
Holding Company:-
Oxyde International Ltd., British Virgin Islands.
Ultimate Holding Company:-
Oxyde Chemicals Inc., USA.
Affiliated Companies:-
OCB Trading Ltda., Brazil.
OCI Indonesia, Indonesia.
OCV Trading Venezuela C.A., Venezuela.
Oxyde Chemicals (Guangdong), China.
Oxyde Chemicals (Turkey), Turkey.
Oxyde Chemicals Far East Ltd., China.
Oxyde Chemicals Korea Corporation, South Korea.
Oxyde Quimica S.A. de C.V., Mexico.
38221498
1141183
Managing Director: Mr. Fernando
Rodriguez
Contact Person: Mr. Fred Wong
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000.00
(As per registry dated 13-06-2011)
|
Name |
|
No. of shares |
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Oxyde International Ltd. Arawak Chambers, Sea Meadow House, P.O. Box 173,
Blackburne Highway, Road Town, Tortola, British Virgin Islands. |
|
1,000 ==== |
(As per registry dated 13-06-2011)
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Name (Nationality) |
Address |
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Fernando RODRIGUEZ |
Unit 7E, Two Waterway Court, The Woodlands, Texas 77380, USA. |
(As per registry dated 13-06-2011)
|
Name |
Address |
Co. No. |
|
Tagent Corporate Services Ltd. |
Room 1507, 15/F., Emperor Group Centre, 288 Hennessy Road, Wanchai,
Hong Kong. |
0616242 |
The subject was incorporated on 13th June, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of chemicals and plastics, etc.
Employee: 1.
Commodities Imported: Europe, India, other Asian countries, etc.
Markets: Asia,
Europe, North America, Central & South America, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000.00
Mortgage or Charge: (See
attachment)
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
DBS Bank (Hong Kong) Ltd.,
Hong Kong.
Standing:
Small.
Oxyde Chemicals China Ltd. is a wholly-owned subsidiary of Oxyde International
Ltd. which is a BVI-registered firm. Its
ultimate holding company Oxyde Chemicals Inc. [Oxyde Chemicals] is a US-based
and registered firm.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 1507, 15/F., Emperor Group Centre, 288 Hennessy
Road, Wanchai, Hong Kong known as Tagent Corporate Services Ltd. which is
handling its correspondences and documents.
Tagent Corporate Services Ltd. is also the corporate secretary of the
subject.
The subject has one employee in Hong Kong. The contact person of the subject is Mr. Fred
Wong who is also the single employee.
Fred Wong can be reached at the phone number and fax number 852-2122
9970 and 852‑2122 9971 respectively.
Oxyde Chemicals was founded in 1924 trading in metals and minerals in
Amsterdam. In the early 1950s, it became
an international marketer of chemicals and plastics. Today, its privately held company works and
trades in more than 60 countries, serving its partners from regional centres.
Oxyde Chemicals trades in those products that range from fibre
intermediates like MEG to plastic resins such as PVC. Today, Oxyde Chemicals has had offices in
countries around the globe; from the Americas to Europe, from Asia to Africa. In addition to trading, Oxyde Chemicals
maintains a distribution network for select products in the United States,
Europe, Mexico and Venezuela.
Oxyde Chemicals is registered with the Houston Minority Supplier
Development Council as a “Minority Business Enterprise” as defined by the
National Minority Supplier Development Council Inc. under NAICS Code 326122.
As a vital international trading partner, Oxyde Chemicals offers
customers with a broad range of petrochemical and plastic raw materials. It is trading in the following products:-
Chemicals — Glycols, Solvents, Monomers, Aromatics, Fiber Intermediates,
Organic Intermediates, Inorganic Intermediates, solvents, etc.
Oxo‑Alcohols Plasticizers, Organic Intermediates, Inorganics, etc.
Plastics — Vinyls, Polypropylene, Polyethylenel, Polystyrene,
Engineering Plastics, etc.
Oxyde Chemicals has set up office and associated companies in China,
South Korea, Indonesia, Brazil, Mexico, Venezuela, etc. It also has had office in India, Turkey,
Guangzhou of China, etc.
The subject is fully supported by Oxyde Chemicals. History in Hong Kong is over four years and
ten months.
On the whole, consider the subject good for normal business engagements.
|
Date |
Particulars |
Amount |
|
11-12-2007 |
Instrument: Assignment of DC Proceeds re export
bills restricted to other banks for negotiation/payment Property: By way of assignment or agreement to assign in each case as beneficial
owner. All monies in any currency
representing proceeds payable or to be paid to the Customer under the
Documentary Credits, all the Customer’s right, title and interest in the said
Documentary Credits and the benefit of all powers and remedies for enforcing
the Documentary Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
All loans or other advances made or to be made by the Bank to the
Customer against documents submitted under a Documentary Credit, all monies
and liabilities in any currency owing by the Customer to the Bank at any
time, whether separately or jointly, actually or contingently, present or
future, interest on all loans and advances and such monies and all expenses
of the Bank in perfecting or enforcing the Assignment |
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11-12-2007 |
Instrument: Security Over Deposits Property: The deposit with chargee in the amount of US$150,000.00 and all monies
under Deposit No. 808‑326482-274 whatever currency it may subsequently
be denominated in, any renewal of such deposit and the interest thereon
together with any further monies in any deposit account with the chargee at
any of its offices Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
Amount secured – (i) all monies in any currency owing by the Company
to the chargee at any time, actually or contingently, in any capacity, alone
or jointly with any other person; (ii) interest on such monies, to the date
on which the chargee receives payment, at the rates payable by the Company or
which would have been payable but for any circumstance which restricts
payment and (iii) all expenses of the chargee in perfecting or enforcing this
Charge |
|
11-12-2007 |
Instrument: Assignment of Export DC Proceeds Property: The Customer as beneficial owner and by way of security for the
payment of the Secured Monies has assigned or agreed to assign to the Bank
(a) all monies in any currency representing proceeds payable or to paid to
the Customer under the Export Documentary Credits, (b) all the Customer’s
right, title, benefit and interest in the Export Documentary Credits and (c)
the benefit of all powers and remedies for enforcing the Export Documentary
Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
All monies and liabilities in any currency |
|
27-04-2010 |
Instrument: Charge on Cash Deposit to secure Liabilities
of the Depositor Property: 1) By way of first fixed
charge and agreement to charge: the Deposit and all right, title and interest
of the Company 2) By way of set-off: any
sum standing to the credit of any one or more of the accounts of the Company
with the Bank Mortgagee: DBS Bank (Hong Kong) Ltd.,
Hong Kong. |
All sums of money and liabilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.85 |
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|
1 |
Rs.85.44 |
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Euro |
1 |
Rs.68.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
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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-- |
NB |
New Business |
-- |
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.