MIRA INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
RHODIA INC. |
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Registered Office : |
8 Cedar Brook
Drive, Cranbury, NJ 08512 |
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Country : |
United States |
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Date of Incorporation : |
07.09.1997 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Chemical
Preparations. |
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: |
RHODIA INC. |
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Address: |
8 Cedar Brook
Drive, Cranbury,
NJ 08512, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (609)
860-4000 + 1 (609) 409-8652 2768202 Delaware James Harton, President |
Date founded: |
07/09/1997 Corporation for Profit N.A. N.A. 1,800 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures chemical preparations. |
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BANKS
HSBC
Wells Fargo
BUSINESS
Business & Operations:
French imports are more than just Camembert and the nouvelle vague; Rhodia's
North American operations bring the specialty chemicals business of its French
parent Rhodia over to the US.
The company manufactures an array of chemicals, from surfactants and
cosmetics to pharmaceutical ingredients and rare earth materials.
Rhodia's North American operations also include the manufacture of
agricultural chemicals, silicas, silicones, and engineering plastics. Rhodia
has operations throughout the US, as well as in Canada.
The company is working worldwide.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
James Harton, President,
Mark Dahlinger, Chief
Financial Officer.
The parent company is
Rhodia Holding Inc. (Cranbury, NJ)
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, RHODIA INC. does not publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover |
1,384,000,000 |
LEGALS
0 Suits
0 Judgments
3 Liens in 2008 by States of
Utah, Ohio (2) for non payment of State Taxes. Total Amount: $3,332
4 Liens in 2007 by State of
Indiana for non-payment of State Taxes.
Total Amount: $18,441
0 Collection Claims
Reported
0 NSF Cheques Reported
2 UCC Filings in 2005 by HSBC
Securities securing Inventory. Amount:
NA
2 UCC Filings in 2005 by
Rhodia Funding securing Inventory. 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.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion
This is a large company working on the global market.
The company is well established with worldwide connection and good
sales.
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 |
See Above Regular |
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ADVISED CREDIT |
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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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)