MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAISER ALUMINIUM INTERNATIONAL INC. |
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Registered Office : |
15000 East Euclid Avenue, Spokane , Wa 99215 |
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Country : |
United States |
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Date of Incorporation : |
13.02.1968 |
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Com. Reg. No.: |
0672411 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufactures Sheet, Plate, Coil and Flat Rolled Aluminum Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company
Name: KAISER
ALUMINIUM INTERNATIONAL, INC.
Trade
Name:
Address: 15000 East
Euclid Avenue
City: SPOKANE
Founded
(D/M/Y):
State/Province: WA
Zip
Code: 99215
Sales
/ Revenue: -
Country: UNITED
STATES
Net
Income:
Telephone: 509 924-1500
Total
Equity:
Facsimile: 509 242-1098
Number
of Employees: 735
URL www.kaiseral.com
Legal
Form: Corporation
- Private
Shareholder: Kaiser Aluminum Corporation
Business
Activity: The
Subject manufactures sheet, plate, coil and flat rolled aluminum products.
NOTE TO CLIENT
Person Contacted: Ms. Kathy Bangley, Accounting Department,
verified all the information in this report
MAILING ADDRESS:
P.O BOX 15108
SPOKANE, WA 99215
IMPERATIVES
NOTE: THE COMPANY
FILED FOR CHAPTER 11 BANKRUPTCY PROTECTION IN 2002 AND EMERGED ON JUNE 8 2007.
LEGAL
Legal Form: Corporation - Private
Incorporation
State DE
Status: ACTIVE
Since (D/M/Y): 13/02/1968
The company is NOT
required to publish an annual financial report.
The Subject is incorporated in the state of Delaware:
File Number: 0672411 Incorporation Date / Formation Date: 02/13/1968
Entity Name: KAISER ALUMINIUM INTERNATIONAL, INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE STREET
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)658-7581
No qualification information for the Subject was found filed with the Washington State Secretary of State.
MANAGERS / KEY PERSONNEL
v Mr. Jack A.
Hockema President & CEO
v Mr. John M. Donnan Vice President & General Counsel
Owners
Kaiser Aluminum
Corporation Majority
AFFILIATED COMPANIES
The Subject has
the following affiates:
v Kaiser Aluminum
Fabricated Products, LLC Delaware
v Kaiser Aluminum
Investments Company Delaware
v Anglesey Aluminium
Limited United Kingdom
v Kaiser Aluminum
& Chemical of Canada Limited Ontario
v Kaiser Bellwood
Corporation Delaware
v Anglesey Aluminium
Limited U.K
Parent Companies
Parent Company: Kaiser Aluminum
Corporation.
Address: 27422 Portola
Parkway, Suite 350
City: FootHill Ranch
State/Province: CA
Zip Code: 92610
Country: UNITED STATES
Telephone: 949 614-1740
The parent company is publicly traded on the Nasdaq Stock Exchange under the ticker symbol KALU. The recent
trading price of the stock is $63.00 with a 52 week range between $52.75 and $89.24. There are approximately 20,581,000 shares outstanding.
(in thousands USD) 12/31/2006
(CONSOLIDATED)
Total Revenue $1,357,300
Cost of Revenue $1,176,800
Gross Profit $180,500
Net Income $3,167,400
Total Current Assets $384,900
Total Assets
$655,400
Total Current Liabilities $176,400
Total Liabilities $284,700
Total Equity $370,700
BANKS
JP Morgan Chase
Bank
State/Province: WA
Country: UNITED STATES
Telephone: 800 242-7338
The above bank
requires an authorization from the Company which Management declined to disclose.
Thus we cannot furnish account reference information.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------
ADVERTISNG 08-01 00-00 NET 30 0 0 0 0 0 0 0 CUST 5 YR
ADVERTISNG 08-01 07-12 0000000 0 0 0 0 0 0 0
AIR TRANS 07-12 07-12 0000000 4200 100 100 0 0 0 0 CUST 22 YR
BLDG MATRL 08-01 04-11 2/10EOM 0 0 0 0 0 0 0
BLDG MATRL 07-11 00-00 VARIED 100 0 0 0 0 0 0
BUS SERVCS 08-01 00-00 NET 7 11200 4800 100 0 0 0 0
CHEMICALS 07-10 07-09 NET 30 8600 2100 100 0 0 0 0
COMPUTERS 07-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 17 YR
CONST MACH 08-01 00-00 NET 30 6800 0 0 0 0 0 0
CONST MACH 08-01 00-00 NET 30 0 0 0 0 0 0 0
CONST MACH 07-12 01-11 NET10TH 0 0 0 0 0 0 0
DISTRIBUTR 07-12 07-12 COD 100 0 0 0 0 0 0
DISTRIBUTR 08-01 00-00 2/15N30 187200 47500 100 0 0 0 0
ELEC DISTR 08-01 00-00 NET 30 0 0 0 0 0 0 0
ELEC DISTR 07-12 07-12 NET 30 38200 5900 100 0 0 0 0 CUST 11 YR
ELEC DISTR 07-11 00-00 VARIED 0 0 0 0 0 0 0
ELEC DISTR 07-12 07-11 NET 30 11600 0 0 0 0 0 0
ELEC EQUIP 07-12 00-00 COD 0 0 0 0 0 0 0 CUST 11 YR
ELEC MFG 07-11 00-00 VARIED 800 0 0 0 0 0 0 CUST 7 YR
ELEC SUPLR 08-01 07-06 NET30 2000 0 0 0 0 0 0
ELEC SUPLR 07-12 07-12 2/10N30 92400 40300 76 17 4 3 0 CUST 13 YR
ELECTRONIC 08-01 01-05 CIA 0 0 0 0 0 0 0 CUST 12 YR
EQUIPMENT 07-09 03-02 NET 30 0 0 0 0 0 0 0
EQUIPMENT 08-01 08-01 VARIED 100000 61900 72 28 0 0 0
EQUIPMENT 07-11 00-00 NET 30 3300 0 0 0 0 0 0
FACTOR 07-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 8 YR
FREIGHT 08-01 07-12 VARIED 252100 36100 55 45 0 0 0
FRGHT FWRD 08-01 07-10 NET 30 0 0 0 0 0 0 0
FUEL DISTR 08-01 00-00 VARIED 4800 0 0 0 0 0 0
GRPHIC ART 07-10 00-08 NET30 0 0 0 0 0 0 0 CUST 12 YR
INDUS MACH 07-12 00-00 NET 30 300 0 0 0 0 0 0
INDUS SUPL 08-01 00-00 NET 30 600 0 0 0 0 0 0
INDUS SUPL 07-12 01-10 NET 30 4100 0 0 0 0 0 0 CUST 23 YR
INDUS SUPL 08-01 00-00 NET 30 0 0 0 0 0 0 0
INDUS SUPL 07-12 06-09 COD 3900 0 0 0 0 0 0 CUST 3 YR
INDUS SUPL 08-01 00-00 VARIED 0 0 0 0 0 0 0
INDUS SUPL 07-12 05-04 NET 30 2000 0 0 0 0 0 0 CUST 14 YR
INDUS SUPL 07-12 07-10 VARIED 14000 5800 100 0 0 0 0
INDUS SUPL 07-12 07-08 NET10TH 1300 0 0 0 0 0 0
INDUS SUPL 07-12 99-08 NET 30 0 0 0 0 0 0 0
IRON&STEEL 08-01 00-00 NET 30 0 0 0 0 0 0 0
LAWNMOWERS 07-10 01-09 CONTRCT 35700 0 0 0 0 0 0 CUST 13 YR
MACH DISTR 08-01 04-07 1/10N30 0 0 0 0 0 0 0 CUST 5 YR
MATRL HNDL 08-01 00-00 NET 30 0 0 0 0 0 0 0
MED SUPPLY 08-01 00-00 VARIED 0 0 0 0 0 0 0
METAL 08-01 00-00 2/10NET 0 0 0 0 0 0 0
METAL 08-01 00-04 1/10N30 100 0 0 0 0 0 0
METAL 08-01 00-00 1/10N30 0 0 0 0 0 0 0
METAL DIST 07-11 06-08 VARIED 6200 0 0 0 0 0 0 CUST 33 YR
NEWSPAPERS 08-01 00-00 NET 10 0 0 0 0 0 0 0
PACKAGING 08-01 07-10 NET 30 0 0 0 0 0 0 0 CUST 3 YR
PAINTS 07-12 00-00 NET 30 18500 3400 63 6 11 0 20
PAPER DIST 08-01 99-09 VARIED 900 0 0 0 0 0 0 CUST 11 YR
PERSNLSVCS 07-09 00-00 NET 30 0 0 0 0 0 0 0
PETROLEUM 08-01 02-03 NET 15 0 0 0 0 0 0 0
PETROLEUM 07-12 00-00 VARIED 0 0 0 0 0 0 0
PETRO EQP 07-10 00-00 NET 30 48300 6000 28 0 72 0 0
PLUMBING 07-12 07-12 NET 10 18900 17600 91 2 7 0 0
PLBG SUPLR 08-01 08-01 NET 30 32500 8100 97 0 0 0 3 CUST 2 YR
PRNTG&PUBL 08-01 00-00 NET 30 0 0 0 0 0 0 0
PUMP EQUIP 08-01 00-00 1/15N30 36200 15800 99 1 0 0 0
R&D 08-01 00-00 NET 45 35300 27200 100 0 0 0 0
SAFTY PROD 07-12 00-00 NET 30 0 0 0 0 0 0 0 CUST 5 YR
TEMP HELP 08-01 00-00 NET 7 800 0 0 0 0 0 0
TELECOM 07-11 02-12 NET EOM 200 0 0 0 0 0 0 WRITE-OFF
TRUCK DLR 08-01 00-00 CONTRCT 15800 14500 58 27 0 15 0
WELDING 07-12 07-11 NET 30 8400 200 100 0 0 0 0
AIR TRANS 06-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 23 YR
BLDG MATRL 05-08 05-04 VARIED 2300 0 0 0 0 0 0
COMPUTERS 05-05 00-00 VARIED 0 0 0 0 0 0 0 CUST 37 YR
COMPUTERS 06-06 06-05 0000000 32300 6100 0 69 31 0 0
CONSTRUCTN 07-08 00-00 1/10N30 0 0 0 0 0 0 0
CONSTRUCTN 07-08 00-00 1/10N30 0 0 0 0 0 0 0
CONST MACH 06-08 05-12 NET 30 1400 0 0 0 0 0 0
CONST MACH 07-08 00-11 NET PRX 0 0 0 0 0 0 0
CONTRACTOR 05-03 00-00 VARIED 0 0 0 0 0 0 0
CRED CARD 07-06 00-00 VARIED 100 100 0 0 0 0 100 BANKRUPTCY
CRED CARD 08-01 00-00 N30PRXO 0 0 0 0 0 0 0 PAID COLLC
CRED CARD 07-02 00-00 N30PRXO 0 0 0 0 0 0 0 PAID COLLC
DP EQUIP 05-04 00-00 NET 30 0 0 0 0 0 0 0
ELEC DISTR 05-10 00-00 NET 30 1300 800 0 0 0 0 100
ELEC SUPLR 07-11 07-10 2/10N30 100500 80700 42 4 4 50 0
ELEC SUPLR 05-04 00-00 VARIED 0 0 0 0 0 0 0
ELECTRONIC 05-12 00-00 VARIED 1300 0 0 0 0 0 0
EQUIPMENT 06-07 00-00 NET 30 0 0 0 0 0 0 0
FREIGHT 07-09 07-06 NET 30 200 0 0 0 0 0 0
FREIGHT 05-12 05-12 VARIED 2000 2000 100 0 0 0 0
FRGHT FWRD 07-06 00-00 NET30 200 100 0 100 0 0 0
GENERAL 06-05 06-05 0000000 51300 38700 35 49 2 2 12
HARDWARE 05-03 00-00 1/10TH 200 0 0 0 0 0 0
HARDWARE 05-02 00-00 1/10N30 500 0 0 0 0 0 0
HEATNG&A/C 06-03 00-00 1/10N25 0 0 0 0 0 0 0
INDUS SUPL 06-08 00-00 NET 30 2300 0 0 0 0 0 0
INDUS SUPL 07-11 00-00 1/10N30 4300 3800 100 0 0 0 0
MANUFCTRNG 07-11 99-10 NET 30 15500 0 0 0 0 0 0
MATRL HNDL 07-12 00-00 NET10TH 1800 0 0 0 0 0 0
MATRL HNDL 07-12 00-00 NET10TH 0 0 0 0 0 0 0
METAL DIST 06-07 98-12 VARIED 0 0 0 0 0 0 0 CUST 8 YR
MISC MANUF 07-04 06-10 VARIED 1600 0 0 0 0 0 0
MOTR TRANS 05-12 04-06 NET 30 0 0 0 0 0 0 0
NEWSPAPERS 05-03 00-00 VARIED 0 0 0 0 0 0 0
NONFER MTL 07-07 04-04 VARIED 5000 0 0 0 0 0 0
OFFC SUPPL 07-06 07-06 NET 4000 2100 39 61 0 0 0 CUST 5 YR
PETROLEUM 06-05 00-00 ROI 0 0 0 0 0 0 0
PETROLEUM 06-01 00-00 UNK 0 0 0 0 0 0 0
PLASTICS 08-01 00-00 NET 30 1100 1100 100 0 0 0 0
PLBG SUPLR 07-02 98-11 COD 0 0 0 0 0 0 0
MACH RPAIR 05-03 05-02 NET 30 10300 10300 100 0 0 0 0
MACH RPAIR 07-11 00-00 NET 30 383800 48500 97 3 0 0 0
MACH RPAIR 07-11 00-00 NET 30 24600 0 0 0 0 0 0
MACH RPAIR 07-11 00-00 NET 30 49600 8800 100 0 0 0 0
MACH RPAIR 07-10 00-00 NET10TH 600 0 0 0 0 0 0
RUBBER 07-06 00-00 VARIED 200 0 0 0 0 0 0
SAFTY PROD 06-10 00-00 NET 30 29200 29200 90 10 0 0 0
TELECOM 06-11 00-00 NET 30 100 100 100 0 0 0 0
TIRES 05-09 00-00 NET 10 0 0 0 0 0 0 0
TRUCK DLR 05-08 00-00 NET 30 0 0 0 0 0 0 0
TRUCK DLR 07-10 00-00 NET 30 31100 30300 100 0 0 0 0
TRUCK EQP 06-09 00-00 COD 0 0 0 0 0 0 0 CUST 7 YR
CURRENT QUARTER 1007400 297300 81 15 3 1 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20080100 0 8 3 290100 84 13 3 0 0
20071200 0 7 3 373700 86 12 1 1 0
20071100 0 31 3 416400 89 7 2 2 0
20071000 0 32 8 253800 69 22 8 1 0
20070900 0 31 4 355000 79 18 2 1 0
20070800 0 7 4 371500 81 16 3 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth 2007 3 324700 86 11 2 1 0
Third 2007 5 311400 76 19 4 1 0
Second 2007 14 306300 73 11 2 10 4
First 2007 5 269100 74 21 5 0 0
Fourth 2006 6 316800 82 11 5 1 1
FINANCIAL INFORMATION
We could not obtain any financial information for the Subject. Please see
Parent Company section of this report for a synopsis of the parent company's
financial condition.
CURRENT OPERATIONS
SIC Code: 3353
NAICS Code: 331315
Aluminum Sheet, Plate and Foil Manufacturing
Number of Employees: 735
Business Activity
The Subject manufactures sheet, plate, coil and flat rolled aluminum
products.
The heading address is the Company's headquarters. There are several
locations throughout the U.S.
PUBLIC RECORD
Filing Number : 62358018
Filing Date : 07/10/2006
Filing Time : 11:21PM
Filing Type : ORIGINAL
Filing Office
SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS
DOVER, DE 19901
Debtor(s) : KAISER ALUMINIUM INTERNATIONAL, INC.
27422 PORTOLA PARKWAY, SUITE 350
FOOTHILL RANCH, CA 92610
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : WILMINGTON TRUST COMPANY, AS COLLATERAL AGENT
1100 NORTH MARKET STREET
WILMINGTON, DE 19890-0001
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Filing Number : 62357853
Filing Date : 07/10/2006
Filing Time : 11:20PM
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS
DOVER, DE 19901
Debtor(s) : KAISER ALUMINIUM INTERNATIONAL, INC.
27422 PORTOLA PARKWAY, SUITE 350
FOOTHILL RANCH, CA 92610
Secured Party(s) : JPMORGAN CHASE BANK, N.A., AS AGENT
2200 ROSS AVENUE, 6TH FLOOR, MAIL CODE TX1-
2921
DALLAS, TX 75201
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A nationwide search of bankruptcy courts found no filings related to the Subject.
COMMENTS
Kaiser Aluminium International, was incorporated in 1968. The Subject is a manufacturer of aluminum products.
Suppliers have reported some collections issues. The Company filed for Chapter 11 Bankruptcy Protection in 2002 and emerged in June 2007.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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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%)