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Report No. : |
498469 |
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Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ULTRA CHEM S. DE R.L. DE C.V. |
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Registered Office : |
Aut. México-Querétaro No. 3130 Int 700A
Col. Valle Dorado, Tlalnepantla Edo. de México C.P. 54020 |
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Country : |
Mexico |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Variable Capital Limited Liability Company |
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Line of Business : |
Subject is manufacturing of industrial organic chemicals. |
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No. of Employees : |
130 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
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Legal Name: |
ULTRA CHEM S. DE R.L. DE C.V. |
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Trade Name: |
ULTRA CHEM |
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RFC: |
UCE000523MX9 |
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Date Created: |
2000 |
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Date Incorporated: |
2000 |
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Legal Address: |
Aut. México-Querétaro No. 3130 Int 700A Col. Valle Dorado, Tlalnepantla Edo. de
México C.P. 54020 |
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Operative Address: |
Aut. México-Querétaro No. 3130 Int 700A Col. Valle Dorado, Tlalnepantla Edo. de
México C.P. 54020 |
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Telephone: |
(+52) 55-5378-28-34 01 800 10 ULTRA (85872) |
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Fax: |
5378-2832 |
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Legal Form: |
Variable Capital
Limited Liability Company |
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Email: |
info@ultrachem.com.mx |
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Registered in: |
MEXICO |
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Website: |
ultrachem.com.mx |
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Contact: |
José Antonio Iniestra ZúñIga |
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Staff: |
130 |
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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 |
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Banks: |
BANAMEX |
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History: |
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The company was founded in 2000. The
company was acquired by Nexeo Solutions Inc. in 2017. |
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PRINCIPAL ACTIVITY |
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The Company's line of business includes
the manufacturing of industrial organic chemicals. |
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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 |
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Brands: |
ANAFAPYT ANIQ |
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Sales are: |
Wholesale |
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Clients: |
SOCIEDAD QUIMICA ALEMANA SOCIEDAD ANONIMA Peru |
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Suppliers: |
Huntsman P & A Spain Sl Spain Bluestar Silicones France Sas France |
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Operations area: |
National |
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The company imports from |
Spain, France |
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The company exports to |
Peru |
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The subject employs |
130 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
Aut. México-Querétaro No. 3130 Int 700A Col. Valle Dorado, Tlalnepantla Edo. de
México C.P. 54020 |
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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. |
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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. |
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Competitors: |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Major holder is: Nexeo Solutions Inc. Texas, USA |
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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 |
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FINANCIAL INFORMATION |
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The company
does not make its financial statements public. The following information has
been provided by private sources: |
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USD 2016 |
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Revenue |
53 900 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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CASES |
No records found |
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SUMMARY |
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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. |
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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 |
Pamela |
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POSITION |
Accounting |
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COMMENTS |
She confirmed RFC, experience, current
ownership and estimated staff number. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.20 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 80.46 |
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MXN |
1 |
INR 3.51 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.