MIRA
INFORM REPORT
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Report Date : |
09.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ICC CHEMICAL CORPORATION |
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Registered Office : |
460 Park Avenue, New
York, NY 10022 |
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Country : |
United States |
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Date of Incorporation : |
05.08.1985 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Markets Chemicals
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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Maximum Credit Limit : |
USD 2,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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Maximum |
USD 2,000,000 |
GEOPOLITICS
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POLITICAL DATA |
ECONOMICAL DATA |
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FORM OF GOVERNMENT POLITICAL RISK |
Federal Nil |
CURRENCY ECONOMICAL SITUATION |
USD 100 = 64 € Satisfying |
IDENTIFICATION
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Company Name : |
ICC CHEMICAL CORPORATION |
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Address : |
460 Park Avenue, New York, NY 10022 |
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Phone : Facsimile : Website : ID : Managers : |
212-521-1700 NYS Pt: William BRUNGER |
Date founded : |
05-08-1985 Corporation - Profit Not close 50 people |
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Legal form : |
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Stock : |
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Employees : |
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Business : |
Markets chemicals products |
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LEGAL
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SHAREHOLDERS |
ICC INDUSTRIES |
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SUBSIDIARIES |
- |
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PARTICIPATIONS |
- |
BANKS
Bank of America
JO Morgan Chase
Bank
FINANCIAL FIGURES
The Company does not
publish any financials.
COMMENTS
ACTIVITY
The company acts as the international
trading arm of parent ICC Industries, which manufactures chemicals, plastics, and
pharmaceuticals. ICC Chemical markets products
such as petrochemicals;
plastic resins and raw materials; organic, inorganic, and specialty chemicals;
performance products; and pharmaceutical and food ingredients. It
has bulk storage and
warehouse locations throughout the US, as well as a fleet of
trucks, railcars, and
isocontainers.
ICC Chemical has offices in
Africa, Asia, Europe, Latin America, and the Middle East.
The Company maintains an
office located: 27475 Ferry Rd
Warrenville, IL 60555
Phone:
(630) 717-2940
SHAREHOLDERS
- MANAGERS
The parent Company is: ICC Industries
460 Park Avenue,
New York, NY 10022
ICC Industries supplies the
dealers who supply the public with drugs.
ICC makes the raw materials
that pharmaceutical companies use to manufacture drugs and trades many basic
and specialty chemicals around the world.
An international maker and
marketer of chemicals, plastics, and pharmaceutical products, ICC also trades and
distributes nutritional supplements and food ingredients.
The Chairman is John J.
FARBER.
William BRUNGER is
President and CEO.
Naveen CHANDRA is Executive
Vice President.
COMMERCIAL
TREND AND FORECASTS
Turnover 2006: 517,000,000 USD
Result: 20,000,000 USD
The bank liabilities are under control with about USD 64 millions in
short terms and USD 82 millions in long terms.
Estimated sales for year
2007 are about USD 550 Million.
There are several UCC files
listed with the Secretary of State of New York.
BANK
RATING
Local credit bureau gave a
good credit rate.
As far as we know, payments
are made on regular basis.
RATING
Local credit bureau gave a
satisfying credit rate.
The Company is in “good
standing”.
This means only that all
local and federal taxes were paid on due date.
As far as we know, payments
are made on regular basis.
Cash-flow is sufficient and
the business is largely profitable.
This is a large business
working on worldwide market.
A business connection may
be conducted.
The company is well managed
with good financial reserves.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Satisfying Controlled Satisfying |
PUBLIC RECORD PAYMENTS |
No Regular |
ADVISED
CREDIT
USD 2,000,000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
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%)