MIRA INFORM REPORT

 

 

Report No. :

498469

Report Date :

21.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ULTRA CHEM S. DE R.L. DE C.V.

 

 

Registered Office :

Aut. México-Querétaro No. 3130 Int 700A Col. Valle Dorado, Tlalnepantla Edo. de México C.P. 54020

 

 

Country :

Mexico

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

2000

 

 

Legal Form :

Variable Capital Limited Liability Company

 

 

Line of Business :

Subject is manufacturing of industrial organic chemicals.

 

 

No. of Employees :

130

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Mexico

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 


 

MEXICO - ECONOMIC OVERVIEW

 

Mexico's $2.4 trillion economy – 11th largest in the world - has become increasingly oriented toward manufacturing since the North American Free Trade Agreement (NAFTA) entered into force in 1994. Per capita income is roughly one-third that of the US; income distribution remains highly unequal.

Mexico has become the US' second-largest export market and third-largest source of imports. In 2016, two-way trade in goods and services exceeded $579 billion. Mexico has free trade agreements with 46 countries, putting more than 90% of its trade under free trade agreements. In 2012, Mexico formed the Pacific Alliance with Peru, Colombia, and Chile.

Mexico's current government, led by President Enrique PENA NIETO, has emphasized economic reforms, passing and implementing sweeping energy, financial, fiscal, and telecommunications reform legislation, among others, with the long-term aim to improve competitiveness and economic growth across the Mexican economy. Since 2015, Mexico has held public auctions of oil and gas exploration and development rights and for long-term electric power generation contracts. Mexico has also issued permits for private sector import, distribution, and retail sales of refined petroleum products in an effort to attract private investment into the energy sector and boost production.

Since 2013, Mexico’s economic growth has averaged 2% annually, falling short of private-sector expectations that President PENA NIETO’s sweeping reforms would bolster economic prospects. Growth is predicted to remain below potential given falling oil production, weak oil prices, structural issues such as low productivity, high inequality, a large informal sector employing over half of the workforce, weak rule of law, and corruption. In 2018, Mexico’s economy will be vulnerable to uncertainty surrounding the future of NAFTA—because the US is its top trading partner and the two countries share integrated supply chains—and to potential shifts in domestic policies following the inauguration of a new a president in December 2018.

 

Source : CIA

 


STATUTORY INFORMATION      

 

Legal Name:

ULTRA CHEM S. DE R.L. DE C.V.

Trade Name:

ULTRA CHEM

RFC:

UCE000523MX9

Date Created:

2000

Date Incorporated:

2000

Legal Address:

Aut. México-Querétaro No. 3130 Int 700A

Col. Valle Dorado, Tlalnepantla Edo. de México C.P. 54020

Operative Address:

Aut. México-Querétaro No. 3130 Int 700A

Col. Valle Dorado, Tlalnepantla Edo. de México C.P. 54020

Telephone:

(+52) 55-5378-28-34

01 800 10 ULTRA (85872)

Fax:

5378-2832

Legal Form:

Variable Capital Limited Liability Company

Email:

info@ultrachem.com.mx

Registered in:

MEXICO

Website:

ultrachem.com.mx

Contact:

José Antonio Iniestra ZúñIga

Staff:

130

Activity:

NAICS 1: All Other Basic Organic Chemical Manufacturing

NAICS 2: Other Chemical and Allied Products Merchant Wholesalers

SIC 1: Industrial Organic Chemicals, Nec

SIC 2: Polyurethane Products

 

 

Banks:

BANAMEX

 

History:

 

 

The company was founded in 2000. The company was acquired by Nexeo Solutions Inc. in 2017.

 

PRINCIPAL ACTIVITY

 

 

The Company's line of business includes the manufacturing of industrial organic chemicals.

Products/Services description:

CHEMICAL INDUSTRY

Additives

Anhydrides

Defoamers

Demolding agents

Emulsions

Surfactants

Silicone Fluids

Water repellents

Rubbers (HTV and RTV)

Lubricants

Adhesion Promoters (Silanes)

Special solvents

CASE polyols

COATINGS AND PAINTS

Additives

Anhydrides

Titanium Dioxide

Pine Derivatives

Epoxi hardeners, diluents and accelerators

Coating Specialties

Isocyanates

Monomers and photoinitiators for UV

Pigments

Adhesion Promoters

CASE Poliols

Resins

FOOD AND BEVERAGES

Chelating agents

Defoamers

Antioxidants

Titanium Dioxide

Colors

Demolding agents

Specialties for Food

HOME CARE

Defoamers

Softeners

Emulsions

Silicones

Dyers

Surfactants

Specialties for Home Care

Brands:

ANAFAPYT

ANIQ

Sales are:

Wholesale

Clients:

SOCIEDAD QUIMICA ALEMANA SOCIEDAD ANONIMA

Peru

Suppliers:

Huntsman P & A Spain Sl

Spain

Bluestar Silicones France Sas

France

Operations area:

National

The company imports from

Spain, France

The company exports to

Peru

The subject employs

130 employees

Payments:

Regular

 

 

LOCATION

 

Headquarters :

Aut. México-Querétaro No. 3130 Int 700A

Col. Valle Dorado, Tlalnepantla Edo. de México C.P. 54020

Branches:

Av. Solidaridad Iberoamericana No. 7599.

Col. Las Pintitas, El Salto, Jalisco,

C.P. 45690.

 

Carretera Apodaca-Santa Rosa N° 964,

Bodega 2, Col. Santo Tomás,

Apodaca, Nuevo León, C.P. 66604.

 

Calle 2 No. 5C, Bodega 3,

Parque Industrial Benito Juárez,

Querétaro, Querétaro. C.P. 76120.

 

Calle 60 Predio 477 x 55,

Parque Industrial No contaminante,

Mérida, Yucatán. C.P. 97300.

Related Companies:

Centro de Distribución Grupo Cropa Panalpina,

18 Avenida 40-23 Zona 12, 5to Nivel Oficina 505

Guatemala, Ciudad.

Costa Rica

Centro Distribución Yobel SCM:

Complejo industrial “Indupark”.

(Los llanos del Coyol 800 oeste del Cedis de Wal Mart)

El Coyol, provincia de Alajuela.

Competitors:

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

Major holder is:

 

Nexeo Solutions Inc.

Texas, USA

Management:

Ricardo Velázquez Flores, Operations Manager

José Antonio Iniestra ZúñIga, Administrator

Antonio Hernández Celis, Marketing Manager

Fernando Dávila Sánchez, Head of Quality Management

Jose Arruti, Director

 

 

FINANCIAL INFORMATION

 

The company does not make its financial statements public. The following information has been provided by private sources:

 

 

USD 2016

 

Revenue

53 900 000

Cash Flow

Normal

 

 

LEGAL FILINGS

 

 

 

CASES

No records found

 

 

 

SUMMARY

 

 

Founded in 2000, Ultra Chem, S. De R.L. De C.V. is a mid-sized organization in the organic chemicals manufacturers industry located in Tlalnepantla De Baz, Mexico.

 

It has approximately 130 full-time employees and generates $ 53 million in annual revenue.

 

The company operates in the national and international area.

 

The organization is ACTIVE without negative records.

 

RISK INFORMATION

 

 

 

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Pamela

POSITION

Accounting

COMMENTS

She confirmed RFC, experience, current ownership and estimated staff number.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 65.20

UK Pound

1

INR 91.49

Euro

1

INR 80.46

MXN

1

INR 3.51

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

TRU

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.