MIRA
INFORM REPORT
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Report Date : |
12.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
DUPONT PERFORMANCE
ELASTOMERS L.L.C. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16/01/1996 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Engages as a
global supplier of specialty elastomers and supporting technologies. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
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 |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: DUPONT
PERFORMANCE ELASTOMERS L.L.C.
Address:
City:
State/Province:
Zip Code: 19809
Country: UNITED
STATES
Telephone: 302
792-4000
Facsimile: 302
792-4450
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 1,300
Legal Form: Limited
Liability Company
Website: www.dupontelastomers.com
Business Activity: The Company engages as a global
supplier of specialty elastomers and supporting
technologies.
IMPERATIVES
Multiple attempts
were made to contact a member of management or the controller without any success.
The receptionist confirmed the address for the Subject and the nature of
business; however, she could not release any additional details. It should be
noted that a search for a registration was obtained through the Delaware
Secretary of State. However, the Delaware Secretary of State does not provide a
registration status. In addition, a search for a payment history provided the
payment record which is listed in this report.
A general search was conducted via the internet; however, we were unable
to confirm the names of the executive officers. We also contacted the parent
company, E.I. Du Pont De Nemours And Company; however, we were unable to
confirm the information found in this report with a representative in the Legal
Department or Investor Relations Department. All other electronic investigation
via the internet and directory assistance failed to provide additional
information.
LEGAL
Legal Form: Limited Liability
Company
Since (D/M/Y): 16/01/1996
State/Province of
Incorporation:
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the state of
--
Entity Name: DUPONT
PERFORMANCE ELASTOMERS L.L.C.
File Number: 2564121
Incorporation Date: 01/16/1996 (mm/dd/yyyy)
Entity Kind: LIMITED
LIABILITY COMPANY (LLC)
Entity Type: GENERAL
Residency: DOMESTIC
State:
-----
REGISTERED
AGENT: THE CORPORATION TRUST COMPANY
Address: CORPORATION
TRUST CENTER
City:
County: NEW
CASTLE
State:
Postal Code: 19801
Phone: 302
658-7581
--
Managers/Key
Personnel
Ms. Francine C.
Shawl President
& CEO
Ms. Mariane
Price Administrative Manager
AFFILIATED ENTITIES
SUBSIDIARIES OF THE
REGISTRANT
------------------------------
DuPont Performance
Elastomers S.A.
2, chemin du
Pavillon
CH-1218 Le Grand-Saconnex
Tel. +41-22-717-4000
Fax +41-22-717-4001
-----
DuPont Performance
Elastomers Pte. Ltd.
1 Maritime Square
#10-54
HarbourFront Centre
Tel. +65-6275-9383
Fax +65-6275-9395
-----
DuPont Performance
Elastomers Ltda.
Barueri - SP
CEP: 06454-080
Brasil
Tel.
+55-11-4166-8978
Fax +55-11-4166-8989
-----
AFFILIATES OF THE
REGISTRANT JURISDICTION
---------------------------- ------------
Agar Cross S.A.
Antec International
Ltd.
Camtex Fabrics
Ltd.
ChemFirst Inc.
Christiana Insurance
Limited
Destination Realty
Inc.
DPC (
DPC S/A
DPC South
America
DSRB Ltda.
DuPont - Kansai
Automotive Coatings Company
DuPont (
DuPont (
DuPont (
DuPont (South
America), Holdings LLC
DuPont (
DuPont (
DuPont (
DuPont Agricultural
Caribe Industries, Ltd.
DuPont Agricultural
Chemicals Ltd.,
DuPont Agro Hellas
S.A.
DuPont Argentina
S.A.
DuPont Asia Pacific,
Ltd.
DuPont Beteiligungs
GmbH
DuPont Canada
Inc.
DuPont Capital
Management Corporation
DuPont Chemical and
Energy Operations, Inc.
DuPont China Holding
Company Ltd.
DuPont China
Limited
DuPont China
Ltd.(US)
DuPont Coatings
SAS
DuPont Company (
DuPont Conid
S.p.A.
DuPont Coordination
Center N.V.
DuPont CZ
s.r.o.
DuPont DACI
Beteiligungs GmbH
DuPont Danmark
ApS
DuPont de Nemours (
DuPont de Nemours
(Deutschland) GmbH
DuPont de Nemours
(Flandre)
DuPont de Nemours (
DuPont de Nemours (
DuPont de Nemours (
DuPont de Nemours
Development S.A.
DuPont de Nemours
Groupe S.A.R.L.
DuPont de Nemours
International S.A.
DuPont de Nemours
International S.A. - S. Africa
DuPont de Nemours
Italiana S.r.l.
DuPont Deutschland
Holding Gmbh & Co. KG
DuPont Diagnostics,
Inc.
DuPont Displays,
Inc.
DuPont do Brasil
DuPont Elastomers
Inc.
DuPont Electronics
Microcircuits Industries, Ltd.
DuPont Energy
Company, LLC
DuPont Engineering
Products, S.A.R.L.
DuPont Environmental
Remediation Services Inc.
DuPont Far East (
DuPont Far Eastern
Petrochemicals Ltd.
DuPont Feedstocks
Company
DuPont Fibers (
DuPont Fibers (
DuPont Flandre
Finance
DuPont Foreign Sales
Corporation
DuPont Global
Operations, Inc.
DuPont Herberts
Automotive Systems Service BVBA
DuPont Holdco
DuPont Holdco
DuPont Holographics,
Inc.
DuPont Iberica,
S.L.
DuPont India
Ltd.
DuPont International
(
DuPont International
Trading, Inc.
DuPont Kabushiki
Kaisha
DuPont KGA B.V.
DuPont Khimprom
DuPont Medical
Products, Inc.
DuPont Mexico S.A.
de C.V.
DuPont Operations (
DuPont Operations
Inc.
DuPont Operations
Worldwide, Inc.
DuPont Orient
Operations Ltd.
DuPont Performance
Coating
DuPont Performance
Coatings (
DuPont Performance
Coatings (
DuPont Performance
Coatings
DuPont Performance
Coatings GmbH & Co KG
DuPont Performance
Coatings Iberica, S.L.
DuPont Performance
Coatings Polska Spolka z.o.o.
DuPont Performance
Coatings Pty. Ltd.
DuPont Performance
Coatings
DuPont Performance
Coatings, Inc.
DuPont Performance
Coatings, Tintas e
DuPont Pharma,
Inc.
DuPont Poland Sp
z.o.o.
DuPont Polimeros
Ltda.
DuPont Polyester Europe
Aps
DuPont Polymer
Powders SARL
DuPont Powder
Coatings (
DuPont Powder
Coatings Andina S.A.
DuPont Powder
Coatings
DuPont Powder
Coatings
DuPont Powder
Coatings Iberica S.L.
DuPont Powder
Coatings Saudia Co. Ltd.
DuPont Powder
Coatings
DuPont Powder
Coatings U.K. Ltd.
DuPont Powder
Coatings USA, Inc.
DuPont Pulverlack
Deutschland GmbH & Co. KG
DuPont Qingdao Nylon
Enterprise Ltd.
DuPont Quimica de
Venezuela
DuPont S.A. de
C.V.
DuPont Scandinavia
GmbH
DuPont Services
B.V.
DuPont Singapore
Fibres Pte Ltd.
DuPont Specialty
Grains
DuPont Taiwan
Ltd.
DuPont Textiles
& Interiors (
Textiles & Interiors Delaware, Inc.
DuPont Textiles
& Interiors Holdings, Inc.
DuPont Trading (
DuPont Treasury,
Ltd.
DuPont
DuPont Vespel Parts
and Shapes, Inc.
DuPont Wirex
Ltd.
DuPont Yunmeng
Protein Company Limited
E.I. DuPont India
Private Limited
Electronic Materials
DuPont Dongguan Ltd
Helmstedter Lack-und
Chemische Fabrik GmbH & Co. KG
Herberts America
Inc.
Herberts Mexico S.A.
de C.V.
Herberts Plascon Pty
Ltd.
Hickory Holdings,
Inc.
Holding DP, S.A. de
C.V.
Huajia Chemical
Company
IDAC
Initiatives de
International
Dioxcide,Inc.
INVISTA
(Deutschland) GmbH
INVISTA (France)
S.A.S.
INVISTA (
INVISTA
(International)
INVISTA (
INVISTA (
INVISTA (U.K..)
Interior Holdings Ltd.
INVISTA (
INVISTA (
INVISTA Apparel
& Textile Traders Inc.
INVISTA B.V.
INVISTA Fibras
Brasil Ltda.
INVISTA Inc.
INVISTA Korea
Inc.
INVISTA Trading (
The
Invironmentalists
Permatex GmbH
Permatex Italia
S.r.l.
Pioneer Hi-Bred
International, Inc
Pitt-Consol Chemical
Company
Polar Vision
PolyGlobal
Associates, L.L.C.
PT DuPont
Agricultural Products
PT DuPont Powder
Coatings
Qualicon, Inc.
Renner DuPont
S.A.
Sentinel
Transportation, LLC
Solae Holdings
LLC
Solae LLC
Spies Hecker,
GmbH
Sporting Goods
Properties Inc.
Teodur B.V.
Uniax LLC
Verniplast
Parent Companies
Parent Company: E.I. DU PONT DE NEMOURS AND COMPANY
UNITED STATES
Telephone: 302 774-1000
Dupont Performance Elastomers
L.L.C. is a subsidiary firm and as such, all of its financial activities are
consolidated with the following financial statements of the parent company,
E.I. Du Pont De Nemours and Company:
E.I. DU PONT DE
NEMOURS AND COMPANY - BALANCE SHEET
(expressed in Thousands of U.S. Dollars)
FISCAL YEAR 03/31/2007 12/31/2006 12/31/2005
---------- ---------- ----------
ASSETS
Total Current Assets 13,532,000 12,870,000
12,422,000
Total Assets 32,473,000 31,777,000 33,250,000
---------- ---------- ----------
LIABILITIES
Total Short Term LiabO 7,814,000 7,940,000
7,463,000
Total Liabilities 22,297,000 22,355,000 24,343,000
---------- ---------- ----------
SHAREHOLDERS EQUITY
Retained Earnings 10,142,000 9,679,000 7,935,000
Total Equity 10,176,000 9,422,000 8,907,000
-------------------------------------------------------------------------
E.I. DU PONT DE NEMOURS AND COMPANY - PROFIT
& LOSS ACCOUNT
(expressed in Thousands of U.S. Dollars)
FISCAL YEAR 03/31/2007 12/31/2006 12/31/2005
---------- ---------- ----------
PROFIT &
LOSS ACCOUNT
Global Net Sales 8,161,000
28,982,000 28,491,000
Cost Of Goods Sold 5,546,000 20,440,000 19,701,000
---------- ---------- ----------
Gross Result 2,615,000 8,542,000 8,790,000
Operating Result 1,411,000 3,789,000 4,076,000
---------- ---------- ----------
Net Profit Before Taxes 1,312,000 3,329,000 3,558,000
Tax 365,000 196,000 1,468,000
---------- ---------- ----------
Net Incomes/Loss Of The Year 945,000 3,148,000 2,053,000
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E.I. Du Pont De Nemours And Company is a
public company trading stock as:
--
Ticker Symbol: DD
Stock Exchange: NYSE
Recent Trade: $50.69
52 Week High: $53.67
(26-Feb-2007)
52 Week Low: $38.82
(14-Aug-2006)
Outstanding
Shares: 923,674,000
Market Capital: $46.82
billion
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
A bank reference
could not be obtained.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
DISTRIBUTR 07-04 07-04 NET30 300
0 0 0
0 0 0
CUST 75 YR
MACH DISTR 07-04 07-03 1/10N30 1600 700
100 0 0 0
0 CUST 1 YR
PACKAGING
07-06 00-00 NET 30 2500 0
0 0 0
0 0 CUST
9 YR
SAFTY PROD 07-05 00-00 NET 30 0
0 0
0 0 0 0 CUST 13 YR
AIR TRANS
05-09 05-09 200 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 21400 16700
94 1 0
2 3 COLLECTION
CURRENT QUARTER 4400 700
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070500
0 8 11 3200 29
71 0 0 0
20070400
0 9 0 1600 100 0
0 0 0
20070300
0 9 0 1600 100 0
0 0 0
20070200
0 8 0 1600 100 0
0 0 0
20070100
0 9
0 1100 100 0
0 0 0
20061200
0 8 0 1100 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 1600 100 0
0 0 0
Fourth
2006 0 900 100 0
0 0 0
Third 2006 0 500 100 0
0 0 0
Second
2006 0 0 0
0 0 0 0
First
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Financial
information could not be obtained as all financial statements are consolidated
into those of the parent company which are summarized above.
CURRENT OPERATIONS
NAICS Code: 3262
Rubber Product Manufacturing
Number of
Employees: 1,300
Business Activity:
The Company engages
as a global supplier of specialty elastomers and supporting technologies. The Company specializes in the production of
thermoset rubber polymers and high-performance fluoroelastomers. The products are used for automotive systems,
semiconductor manufacture, wire and cable, construction, chemical processing,
aircraft and aerospace industry and all high performance parts with
high-temperature, oil & chemical
resistance. It targets the general rubber industry and the automotive industry.
As far as can be
determined, the heading address is the Company headquarters. It could not be
determined at this time whether the firm operates branch locations or
divisions.
PUBLIC RECORD
A search of public
failed to reveal any Uniform Commercial Codes, tax liens, legal actions, or
bankruptcy petitions at this time.
GENERAL COMMENTS
Dupont Performance
Elastomers L.L.C., incorporated in 1996 in the state of
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/normal. |
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 |
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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%)