MIRA
INFORM REPORT
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Report Date : |
04..01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALBERNARLE INTERNATIONAL CORPORATION |
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Registered Office : |
330, Fourth St. Richmond, VA 23219 |
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Country : |
United States |
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Date of Incorporation : |
26.06.1995 |
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Legal Form : |
Corporation- private |
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Line of Business : |
International Distributor of Chemical Products produced by its parent,
ALBEMARLE CORPORATION. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: ALBEMARLE
INTERNATIONAL CORPORATION
Trade Name:
Address: 330 FOURTH ST.
City: RICHMOND
Founded (D/M/Y):
State/Province: VA
Zip Code: 23219
Sales / Revenue: -
Country: UNITED STATES
Net Income:
Telephone: 804-788-6000
Total Equity:
Facsimile: 804-788-6020
Number of Employees:
URL www.albemarle.com
Legal Form: Corporation -
Private
Shareholder:
Business Activity: The Subject is an
international distributor of chemical products produced by
its
parent, ALBEMARLE CORPORATION.
NOTE TO CLIENT
Please note that
the ordered address, 451 FLORIDA ST., BATON ROUGE, LA, is an administrative office
for the Subject. The corporate headquarters is located at the above address.
Person Contacted:
Mr. Jeff Stanford, Controller for ALBEMARLE CORPORATION. Mr. Stanford stated that the Subject's
operations are completely integrated into its parent, ALBEMARLE CORPORATION.
The Company does not have separate financial statements, officers, or
employment figures from its parent. Please note that ALBEMARLE CORPORATION has 3,560
employees.
LEGAL
Legal Form: Corporation - Private
Incorporation
State VA
Status: ACTIVE
Since (D/M/Y): 26/06/1995
The company is NOT
required to publish an annual financial report.
The Company incorporated in Virginia under the following registration.
Legal Name : ALBEMARLE INTERNATIONAL CORPORATION
Corporate Identification Number : 0449148 - 6
STATUS : ACTIVE
DATE OF CERTIFICATE : 06/26/1995
STATE OF INCORPORATION
: VA VIRGINIA
STOCK INDICATOR : S STOCK
R/A NAME : LUTHER C KISSAM IV
330 SOUTH FOURTH STREET
RICHMOND, VA 23219
MANAGERS / KEY
PERSONNEL
Mr. Mark C. Rohr President & CEO
Mr. Richard J.
Diemer Chief Financial
Officer
Mr. John M. Steitz Chief Operating Officer
AFFILIATED COMPANIES
The Company is
affiliated with the following entities:
Albemarle
Catalysts International, LLC; Delaware
Albemarle
Catalysts U.S., LLC; Delaware
Albemarle Delaware
One, LLC; Delaware
ACI Delaware
Corporation; Delaware
Albemarle
Catalysts Company LP; Delaware
Albemarle
Catalysts Company BV; Netherlands
Albemarle
Netherlands BV; Netherlands
Albemarle Europe
SPRL; Belgium
Parent Companies
Parent Company: Albemarle Corporation
Address: 330 S 4th St
City: Richmond
State/Province: VT
Zip Code: 23219
Country: UNITED STATES
Telephone: (804) 788-6000
The following are selected stock price and financial statement information for the parent company, ALBEMARLE CORPORATION, which trades on the New York stock
exchange under the symbol ALB.
As of 12/31/2006 in US Dollars
Stock Price: 40.15
52 Week High: 48.84
52 Week Low: 32.92
Shares Outstanding: 95,830,000
Fiscal Year End: 12/31/2006 in Thousands of US Dollars:
Net Sales:
2,368,510
Net Income: 142,970
Total Assets: 2,530,370
Total Liabilities: 1,502,270
Total Equity: 1,028,100
SUBSIDIARIES
The Company has no
subsidiaries.
BANKS
Bank of America
City: New York
State/Province: NY
Country: UNITED STATES
Telephone: 803 765-4882
Facsimile: 415 343-9301
Mr. Stanford
confirmed BANK OF AMERICA as the Subject's banking institution, however, he
would not confirm the provided account number, 54038033, for this report. He
declined to provide an alternative account number for the Subject.
PAYMENT HISTORY
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Please note that due to the nature of the Business, the Subject does not have |
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separate payment record information from its parent. The following payment |
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record is for ALBEMARLE CORPORATION. |
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BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61- |
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CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS |
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AIR TRANS 07-11 05-08 0000000 3200 1800 82 0 0 0 18 CUST 13 YR |
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DP SERVCS 07-08 07-07 NET 30 4200 3200 100 0 0 0 0 |
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ELEC EQUIP 07-11 00-00 NET 30 1000 800 0 100 0 0 0 CUST 10 YR |
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ELEC MFG 07-11 00-00 VARIED 21500 21500 14 86 0 0 0 CUST 7 YR |
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ELECTRONIC 07-11 02-10 NET30 0 0 0 0 0 0 0 CUST 5 YR |
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EQUIPMENT 07-12 00-00 NET 30 0 0 0 0 0 0 0 CUST 4 YR |
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FACTOR 07-11 00-00 NET 30 0 0 0 0 0 0 0 |
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FINCL SVCS 07-12 07-03 NET 10700 2000 0 0 0 0 100 CHARGE OFF |
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FREIGHT 07-12 07-08 VARIED 1000 0 0 0 0 0 0 |
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HEATNG&A/C 07-10 00-00 NET 30 3100 600 0 100 0 0 0 |
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INDUS MACH 07-11 00-00 NET 30 3700 0 0 0 0 0 0 |
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INDUS SUPL 07-10 07-03 COD 2200 100 100 0 0 0 0 CUST 10 YR |
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INDUS SUPL 07-10 05-03 NET 30 3200 0 0 0 0 0 0 CUST 3 YR |
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PACKAGING 07-12 03-12 NET 30 0 0 0 0 0 0 0 CUST 7 YR |
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PERSNLSVCS 07-12 07-03 ROI 8200 0 0 0 0 0 0 |
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SAFTY PROD 07-11 07-07 NET 30 100 0 0 0 0 0 0 CUST 10 YR |
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TELECOM 07-12 00-00 NET30 3000 1500 98 0 0 2 0 |
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TRANSPORTN 07-11 03-03 VARIED 2000 0 0 0 0 0 0 CUST 4 YR |
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TRANSPORTN 07-09 00-00 NET 30 0 0 0 0 0 0 0 PROMPT |
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AIR TRANS 06-11 00-00 NET 30 22300 21300 34 3 2 0 61 COLLECTION |
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BUS SERVCS 06-10 06-10 NET 30 0 0 0 0 0 0 0 |
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CHEMICALS 06-04 06-01 NET 30 1500 0 0 0 0 0 0 |
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CONTRL DEV 04-12 03-10 NET 30 3600 0 0 0 0 0 0 |
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ELEC DISTR 06-01 00-00 NET 30 0 0 0 0 0 0 0 |
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ELEC EQUIP 07-03 07-03 CONTRCT 4900 4900 100 0 0 0 0 |
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ELEC SUPLR 05-04 00-00 VARIED 5100 5100 100 0 0 0 0 |
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ELEC SUPLR 05-08 00-00 NET30 1500 100 0 0 0 100 0 |
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EQUIP LEAS 05-06 00-00 NET 30 0 0 0 0 0 0 0 |
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FACTOR 06-06 04-04 NET 30 0 0 0 0 0 0 0 |
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FACTOR 04-12 04-10 NET 30 1400 1400 0 100 0 0 0 |
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FRGHT FWRD 06-01 00-00 NET 30 20100 4500 43 22 9 13 13 |
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GROCERY 05-01 00-00 DISCNT 141700 141700 0 35 34 31 0 PAYS-SLOW |
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INDUS MACH 06-07 00-00 NET 1300 900 100 0 0 0 0 |
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INDUS SUPL 05-04 02-06 NET 30 6200 0 0 0 0 0 0 CUST 3 YR |
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LEASING 07-11 00-00 CONTRCT 5900 2500 100 0 0 0 0 |
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METAL DIST 05-02 00-00 VARIED 0 0 0 0 0 0 0 CUST 9 YR |
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OFFC SUPPL 07-06 07-06 NET 16100 0 0 0 0 0 0 CUST 3 YR |
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PAINTS 05-08 05-06 1/10PRX 0 0 0 0 0 0 0 |
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TELECOM 06-08 06-07 NET 30 1100 0 0 0 0 0 0 EXLENT ACC |
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TELECOM 05-03 00-00 NET 30 100 100 100 0 0 0 0 |
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TRUCK DLR 05-09 00-00 CONTRCT 0 0 0 0 0 0 0 |
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WATR EQUIP 07-04 00-00 NET 30 103000 103000 100 0 0 0 0 |
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CURRENT QUARTER 67100 31500 30 63 0 0 7 |
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Payment Trends |
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INDUSTRY BUSINESS BALANCE CUR 1- 31- 61- |
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DATE CUR DBT DBT $ % 30 60 90 91+ |
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-------- --- --- --- -------- --- --- --- --- --- |
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20071200 0 6 18 34600 31 58 4 0 7 |
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20071100 0 5 19 22400 49 34 7 0 10 |
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20071000 0 4 24 10200 77 0 0 0 23 |
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20070900 0 5 23 10500 78 0 0 0 22 |
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20070800 0 5 22 11300 77 0 3 0 20 |
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20070700 0 5 20 11700 78 3 0 0 19 |
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Payment History - Quarterly Averages |
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BALANCE CUR 1- 31- 61- |
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QUARTER YEAR DBT $ % 30 60 90 91+ |
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Third 2007 25 10100 76 0 1 0 23 |
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Second 2007 24 9800 76 1 0 0 23 |
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First 2007 24 16300 36 42 5 8 9 |
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Fourth 2006 21 14800 32 43 15 9 1 |
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Third 2006 13 6700 46 44 7 0 3 |
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FINANCIAL INFORMATION
Mr. Stanford stated
that the Subject does not release separate financial statement information from
its parent, ALBEMARLE CORPORATION.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 4226
Chemical and Allied
Products Wholesalers
Business Activity:
The Subject is an
international distributor of chemical products produced by its parent,
ALBEMARLE CORPORATION.
The Subject
primarily exports to the Asian market.
The heading address is the corporate headquarters for the Subject. The
facility consists of office space.
The Company has an additional administrative office located in Baton
Rouge, LA.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy petitions or Uniform Commercial Cods.
COMMENTS
The Subject, incorporated in 1995 in Virginia, is engaged as an international distributor of chemicals. The payment record is generally satisfactory and the operating history is clear. No derogatory information or bankruptcy petitions were reported or noted. The Company is responsible for normal business transactions.
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%)