MIRA
INFORM REPORT
|
Report Date : |
23.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
Du Pont de Nemours International SA |
|
|
|
|
Registered Office : |
Case postale 50, 1218 Le Grand-Saconnex/GE |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25-02-1959 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of Petrol, Chemical Products, Polymers
and Fibres |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EUR 1.500.000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Detail
assessment: |
Payments: |
|
|
|
The payments and business transactions are conducted in an orderly
manner. |
|
|
|
Individual
credit limit*: |
EUR 1.500.000.-- |
Name
Du Pont de Nemours International SA
Line of Business
Industrie chimique
Legal domicile
chemin du Pavillon 2
1218 Le Grand-Saconnex/GE
Business address
Case postale 50
1218 Le Grand-Saconnex/GE
Telephone: 022 7175111
Fax: 022 7175109
Homepage: http://www.dupont.com
E-Mail: info@dupont.com
CREDIT ADVICE
Credit opinion: maximum
credit EUR 1.500.000,--
This credit advice is based on information available at the time of
conducting the research, being the above indicated date.
All amounts in this report are given in Swiss Francs (CHF) unless
otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock
company
First Publication: 25-02-1959
Last Publication: 11-04-2007
History:
The group Du Pont was founded in 1802 and is one of the world's oldest
industrial groups that is still active on the market today. Initially, the
company started to manufacture black powder, and at the beginning of the 1920s,
the group launched an ambitious research and development programme. During the mid 1950s, Du Pont opened several
branches in
countries. Since 1981 the subject has been operating its energy sector
branch in Conoco.
Share capital: 2.000.000
Paid up: 2.000.000
Divided into: 20.000
Registered shares of 100
History:
26-09-2000 2.000.000 Capital
decrease
20.000.000 Previous capital
Direct Parent com.: E.I. Du Pont
de Nemours & Company,
Company Management: Mireille J.
Quirina
Patrick S. Schriber
ACTIVITY:
Sector : Manufacture
Activity: Du Pont de Nemours is active in five large divisions:
PETROL
Exploration and manufacture of raw petroleum, natural gaz, natural
liquid gaz Refinement of, trade in, supply and transport of petrol, gaz,
kerosine, propane, alternative carburators, domestic fuel, engine carburators,
engine oil, petrol coke
CHEMICAL PRODUCTS
Special chemical products, including acid products, high performance
products, services in the areas of safety and environmental protection, special
intermediate products, acrylonitrile, aniline, ethylene, cyanuric acid, etc.
Fluoric products, including cooling liquids, loose agents, sponging
agents, polymer, coverings, membranes, films, etc. White pigments and mineral
products, including titanium dioxide, abrasive sand, moulding and refractory
sand.
POLYMERS
Automobiles, including technical materials, cooling liquids, technical
polymeres, fibres, elastomeres, paints and varnishes for high quality car
bodies
Materials for solid surfaces
Industrial and polymere protection devices, including resinous
substances and films for industrial packagings and applications Elastomers,
including synthetic caoutchouc materials and rubber pieces cut in various sizes
Technical polymers, including nylon resins, polyester and thermoplastic
elastomers, cristal liquid polymers, polimeric pieces and filaments
Polyester films, industrial films, etc.
FIBRES
Nylon, including resines, fibres, etc.
Polyester fibres
Elasthan fibre
Technical and non-tissued fibres, including thermofiled tissues,
polyethylene, polyprophylene, etc.
Systems for advanced materials, components for high performance,
temperature, organic, metal and ceramic matrixes
DIVERSIFIED ACTIVITIES
Agricultural products, herbicides, insecticides, bio-technology
products, etc.
Medical products, radiography films and equipment, analysers and
reagents for clinical diagnosis, centrifugal machines, radiography markers
Electronic materials like photomasks, films, etc.
Printing and publishing materials, products and equipment for the
graphics and printing industry, electronic imagery, prints for packagings, etc.
All these activities are divided into 26 strategic units which offer
their products and services to the following market sectors: aviation, clothes,
automobile, agriculture, construction, energy, electronics, health and the
editing and printing fields.
Marks, Licences: TEFLON -
LYCRA - DACRON - SILVERSTONE - NOMEX -
STAINMASTER - KEVLAR - CORIAN - MYLAR - TYVEK -
CORDURA - COOLMAX - ANTRON
The company operates a research laboratory at the rue du Nant d'Avril
146 in Meyrin and is active in the synthetic leather segment. The laboratory is
operated under the name of "European Technical Centre".
Significance: It is one of the leading companies in its business sector.
EMPLOYEES:
Number of employees: 600
The Du Pont group employs around 60'000 people worldwide. Approximately one third of the group's
employees works outside the
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Position per
09-09-2003.
Report from 09-09-2003, in 1200 Geneve.
2001 2002 2003
No. Amount No.
Amount No. Amount
Betreibungen None 0 2 3.903 4 9.127
Rechtsvorschl. 2 3.903 4 9.127
A current check of the legal actions requires a document of
justification with a legitimate signature.
The payments and business transactions are conducted in an orderly manner.
FINANCIAL DATA:
Financial position: The
financial situation is considered solid.
Key figures (in CHF):
Consolidated key figures (in USD 1.000.000):
31.12.2006 31.12.2005
31.12.2004 31.12.2003
Sales 27'421.0 26'639.0
27'340.0 26'996.0
Profit/Loss 3'148.0 2'056.0
1'780.0 973.0
Shareholder
funds 9'422.0 8'962.0
11'377.0 9'781.0
Balance
sheet total 31'777.0 33'291.0
35'632.0 37'039.0
The Du Pont Group generates about half of its sales outside the
Fortune 500: 67th largest
Banker(-s): UBS Ltd, 1200 Geneve
Credit Suisse
(CS), 1200 Geneve
Auditors: PricewaterhouseCoopers
SA, Geneve
The company'real estaste properties figure under the name of Du Pont de
Nemours Immobiliere SA, chemin du Pavillon 2, Le Grand-Saconnex, with a share
capital of CHF 700'000, which belongs 100% to Du Pont de Nemours International
SA.
Fiscal taxation : No information is available due to the local tax
authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com.: E.I. Du Pont
de Nemours & Company,
*** ATTENTION: The following Text must be translated ***
Le groupe Du Pont est present dans plus de 70 pays et dispose de plus de
40 laboratoires de recherches et de developpements aux Etats-Unis et 35
laboratoires dans 11 autres pays.
Direct Investments:
Du Pont Products SA, Le Grand-Saconnex/GE
(100.0%).
Du Pont de
Nemours Immobiliere SA, Le
Grand-Saconnex/GE (100.0%).
INVISTA Products SA, Le Grand-Saconnex/GE
(100.0%).
Associated companies:
FP Fermentation Products Sarl, Le
Grand-Saconnex/GE, Switzerland/CH
DuPont de Nemours Holding SA, Le
Grand-Saconnex/GE, Switzerland/CH
DuPont Russian Coatings (Suisse) Sarl, Le
Grand-Saconnex/GE, Switzerland/CH
DuPont Performance Elastomers SA, Le
Grand-Saconnex/GE, Switzerland/CH
Du Pont Products SA, Le Grand-Saconnex/GE,
Switzerland/CH
Du Pont de Nemours Development SA, Le
Grand-Saconnex/GE, Switzerland/CH
Du Pont de Nemours Immobiliere SA, Le
Grand-Saconnex/GE, Switzerland/CH
INVISTA Products SA, Le Grand-Saconnex/GE,
Switzerland/CH
INVISTA (International) Sarl, Geneve/GE,
Switzerland/CH
BOARD OF DIRECTORS:
Ian Hudson, from
President, sole signature.
Mireille J. Quirina, from
Member, Director, sole signature.
Patrick S. Schriber, from
Member, Director, sole signature.
MANAGEMENT:
Christopher Newton, from
Authorised signatory, sole signature.
Patricia Sandoz, from Le Locle, in Prangins/VD/Switzerland,
Authorised signatory, sole signature.
Terrence A. Vandeveld, from Innertkirchen, in Chigny/VD/Switzerland,
Authorised signatory, sole signature.
PERSONNEL INFORMATION:
Ian Hudson doesn't have another mandate as managing director in
Mireille J. Quirina, born in 1951, lives at chemin de Tirelonge 34 in
1213 Onex.
Patrick S. Schriber, born 31.10.1960, married, father of a family. He is
resident in 1295 Tannay, chemin de Benuyer 12.
He is also managing director, with individual signature in following
companies :
- DuPont International Operations Sarl, Le Grand-Saconnex
- DuPont Russian Coatings (
- FF Fermentation Products Sarl, Le Grand-Saconnex
FURTHER MANDATES:
Mireille J. Quirina:
- Du Pont de Nemours Development SA, Le Grand-Saconnex
- Du Pont de Nemours Immobiliere SA, Le Grand-Saconnex
Patrick S. Schriber:
- Du Pont Products SA, Le Grand-Saconnex
- Du Pont de Nemours Development SA, Le Grand-Saconnex
- Du Pont de Nemours Immobiliere SA, Le Grand-Saconnex
- DuPont de Nemours Holding SA, Le Grand-Saconnex
- Funiculaire St-Luc-Chandolin SA, St-Luc
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)