MIRA
INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SONNEBORN HOLDING, LLC. |
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Registered Office : |
575 Corporate Dr Lbby 4, Mahwah, NJ 07430-2330 |
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Country : |
United States |
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Date of Incorporation : |
03.03.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures Industrial
and Organic Chemicals |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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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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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 |
2,000,000 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: |
SONNEBORN
HOLDING, LLC. |
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Address: |
575 Corporate Dr
Lbby 4, Mahwah, NJ
07430-2330, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (201) 760-2940 + 1 (201) 760-2967 3934340 Delaware Robert Muller, President. |
Date founded: |
March 3, 2005
Limited Liability Company N.A. 400 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufactures industrial and organic chemicals |
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BANKS
Lasalle Bank Midwest
BUSINESS
Business & Operations:
Sonneborn is the world company working in the manufacture and supply of high-purity
specialty hydrocarbons. Their primary products are:
- White oils,
-Petrolatums,
-Plastics oils,
-PVC oil,
-Microcrystalline waxes,
-Petroleum distillates.
Other products include refrigeration oils, cable-filling compounds, ink oils
and compressor lubricants. Standard and custom grades are available to meet the
strict USP, NF, BP, DAB, French Codex, EuP, Japanese and other pharmacopeias.
Offices and manufacturing across five continents.
Sonneborn, reborn since the early 1900s, the Sonneborn name has been
synonymous with the highest quality refined hydrocarbons in the world. While
through the years their name has changed (most recently the Refined Products
business of Crompton Corporation), one thing has remained consistent: their
goal of providing premium products.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Robert Muller, President,
John Cunnane, director.
They are also two of the
main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Sonneborn Holding, Llc. does not publish
any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
328,530,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2008 &
2007 by CSI Leasing Inc securing Equipment.
Amount: NA
1 ICC Filing on 2007 by
Lasalle Bank Midwest securing All Assets. Amount: NA
All previous UCC Filings
have been cleared
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a medium company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
2,000,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)