MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
SABIC INNOVATIVE
PLASTICS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.06.2007 |
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Com. Reg. No.: |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Providing Engineering Thermoplastics Materials Solutions |
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 10,000,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
SABIC INNOVATIVE PLASTICS
Company acronym: --
Contact Information
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Address |
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Telephone |
413-448-5700 |
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Fax |
413-448-7465 |
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Website |
www.lnp.com |
Registration Data
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Date of Registration |
June 11, 2007 |
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Registration number |
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Legal address |
The Corporation Trust Company |
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Legal Form |
LLC |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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SABIC AMERICAS INC. Ph: 713-532-4999 Fx: 713-532-4994 |
100 |
Board/Executive
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Name |
Charles E. CREW Jr. |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
SABIC Innovative Plastics is a world leader in providing engineering
thermoplastics materials solutions. In more than 60 countries worldwide, the
company helps redefine the way original equipment manufacturers design. GE
brings new materials and technologies that drive changes in the design and use
of consumer and industrial products in every part of the world, including
resins for fuel, increased manufacturing productivity and enhanced product
aesthetics with materials that inspire new design possibilities; specialty film
and sheets with unbreakable LEXAN polycarbonate sheets and weather-resistant
films; polymershapes for worldwide distribution and fabrication of rod, tube,
sheet and film, plus sealants and adhesives; and automotive for technical and
materials solutions for body, engine compartment, component, structural and
lighting needs. SABIC Innovative Plastics has locations throughout the
Staff
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Number of staff employed |
11,000 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, |
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Exports To |
Worldwide |
Facilities
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Owned Rented |
Manufacture, warehouse and office |
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Premises Size |
20,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
SABIC AMERICAS INC. SABIC was established in 1976 to add value to |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
Numerous branches in the |
Bankers
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Bank |
Riyad Bank |
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Address |
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Telephone |
713-224-8071 |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
704,000,000= |
Reporter Comments
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Comments |
A financial officer controlled the present
report. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days beyond terms. |
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MAX CREDIT |
USD 10,000,000+ |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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|
1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)