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Report No. : |
343319 |
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Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
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Name : |
BASF MEXICANA, S.A. DE C.V |
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Registered Office : |
Insurgentes Sur 975 Col. Ciudad De Los Deportes Delegación Benito Juárez Mexico, DF 3710 Mexico |
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Country : |
Mexico |
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Date of Incorporation : |
1959 |
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Legal Form : |
Sociedad Anonima de Capital Variable |
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Line of Business : |
The company operates in five
segments: Chemicals, Performance Products, Functional Materials &
Solutions, Agricultural Solutions, and Oil and Gas. |
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No. of Employees : |
1100 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Mexico |
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 |
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Legal Name: |
BASF MEXICANA,
S.A. DE C.V |
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Trade Name: |
BASF MEXICANA |
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RFC: |
BME-8109104S6 |
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Date Created: |
1959 |
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Date
Incorporated: |
1959 |
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Legal Address: |
Insurgentes Sur
975 |
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Operative
Address: |
Insurgentes Sur
975 |
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Telephone: |
5255 5325 2600 |
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Fax: |
5255 5611 6625 |
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Legal Form: |
Sociedad Anónima
de Capital Variable |
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Email: |
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Registered in: |
Mexico |
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Website: |
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Contact: |
Michael Heinz,
President and Director |
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Staff: |
1100 |
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Activity: |
Industrial
Chemical Manufacturing Industry |
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BANKS |
BANAMEX |
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The company does
not disclose its banking information |
History
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The company was
established in 1959 |
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BASF Mexicana,
S.A. de C.V. operates as a subsidiary of BASF SE. |
PRINCIPAL ACTIVITY
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The company operates
as a chemical company. |
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Products/Services
description: |
The company
operates in five segments: Chemicals, Performance Products, Functional
Materials & Solutions, Agricultural Solutions, and Oil and Gas. The
Chemicals segment offers solvents, plasticizers, monomers, glues, and
electronic chemicals, as well as raw materials for detergents, plastics,
textile fibers, paints and coatings, plant protection, and medicines. The
Performance Products segment provides dispersions and pigments, care
chemicals, nutrition and health, paper chemicals, and performance chemicals
that are used in the pharmaceuticals, personal care, and cosmetics, as well
as hygiene and household products; and other products for enhancing the
processes in the paper, oil and gas production, water treatment, and ore
production industries. The Functional Materials & Solutions segment
offers catalysts, battery materials, engineering plastics, polyurethane
systems, automotive and industrial coatings, and concrete admixtures, as well
as construction systems, such as tile adhesives and decorative paints for the
automotive, electrical, chemical, and construction industries, as well as for
household, and sports and leisure applications. The Agricultural Solutions
segment provides fungicides, herbicides, and insecticides, as well as
functional crop care products. |
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Brands: |
BASF |
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Sales are: |
Wholesale |
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Clients: |
Basf SA |
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Suppliers: |
BASF QUIMICA
COLOMBIANA S A |
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Operations area:
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National and
International |
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The company
imports from |
Germany,
Colombia |
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The company
exports to |
Colombia, Puerto
Rico, Peru, Ecuador, Argentina |
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The subject
employs |
1100 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Insurgentes Sur
975 |
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Branches: |
Tultitlan,
Hidalgo, Mexico |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the
stock exchange: |
NO |
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Shareholders: |
The company is a
subsidiary of: |
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Management: |
Francisco Caraza
Zamaniego, Commissioned |
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FINANCIAL INFORMATION
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The company does
not disclose its financial figures. Current production
is 22,000 tons annually, manufactured coatings for the automotive industry
(OEM and TIER), mainly Primers, Basecoats - Water and Solvent Based Base -
and Clearcoats. |
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The following
information corresponds to parent company: BASF SE. 2014 Revenue $90343.253 Gross Profit
$22470.9485 Operating
Income $8937.5715 Net Income $6265.9025 Diluted EPS $6.81 Total Assets $86736.87 |
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LEGAL FILINGS
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There are no
legal for the subject |
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SUMMARY
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BASF Mexicana,
S.A. de C.V. operates as a subsidiary of BASF SE. The company
operates as a chemical company, it has 56 years of experience in the Mexican market
with a large sized structure. The company is
well established in business, supported by its parent company headquarted in
germany with locations worldwide. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Liz |
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POSITION |
Administrative |
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COMMENTS |
She confirmed
address, staff, parent company and activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.55 |
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UK Pound |
1 |
Rs.99.17 |
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Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TRU |
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 |
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 |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.