MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KLOCKNER PENTAPLAST OF AMERICA INC |
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Registered Office : |
3585 Klockner
Road, Gordonsville, VA 22942 |
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Country : |
United States |
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Date of Incorporation : |
22.11.1977 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Unsupported Plastic Film/Sheet Trucking Operations |
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 500,000 |
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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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MAX |
500,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
Klockner-Pentaplast of America, Inc (Subsidiary of Klockner
Pentaplast, Gordonsville, VA) Klockner barrier Films, Division |
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Address: |
3585 Klockner
Road Gordonsville,
VA 22942 USA |
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Phone: Facsimile: ID: State: Managers: |
540-832-3600 540-832-5656 F032666-2 Virginia Michael Tubridy,
President |
Date founded: |
Nov 22, 1977
Corporation for Profit N.A. N.A. Employees: 1,284 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures Unsupported Plastic Film/Sheet Trucking Operations |
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BUSINESS
Business
&Operations:
The Klöckner Pentaplast Group is one of the world’s leading producers of
films for pharmaceutical, medical device, food, electronics, and
general-purpose thermoform packaging, as well as printing and specialty
applications. Founded in 1965 in Montabaur, Germany, Klöckner Pentaplast has
grown from its initial facility to current production operations in 11
countries
Way of payments:
Usually 30 days net.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The Klöckner Pentaplast Group is wholly owned by affiliates of The Blackstone
Group. The company has sales of over $1.5 billion (Euro 1.2 billion) and
employs more than 3,400 people committed to serving customers worldwide
-the subject is a subsidiary of :
North & South America
Klöckner Pentaplast of America, Inc.
P.O. Box 500, 3585 Klöckner Road
Gordonsville, Virginia, USA 22942
+01.540.832.3600
+01.540.832.5656 fax
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
The company has consolidated
sales of over $1.5 billion (Euro 1.2 billion).
LEGALS
0 Suits
0 Judgments
1 Lien in 2007 by State of
Pennsylvania regarding State Tax.
Amount: $56,900
0 Collection Claims
Reported
0 NSF Cheques Reported
2 UCC Filings in 2008 by Oxy Vinyls LP securing
Equipment. Amount: NA
1 UCC Filing in 2008 by
Bruckner Inc securing Equipment Amount
:NA
1 UCC Filing in 2007 by
Formosa Plastics Inc securing Consigned
Merchandise Amount:NA
Any prior UCC Filings have
been cleared
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
RATING
Our final opinion
A good business connection
is possible
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Sufficient |
PUBLIC PAYMENTS |
See Details
Above regular |
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ADVISED CREDIT |
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500,000 USD |
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%)