MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
E. I. DU PONT DE NEMOURS AND COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1802 |
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Legal Form : |
Corporation for Profit Public Company |
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Line of Business : |
Manufactures Chemicals,
Resins. |
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 |
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: |
E.
I. DU PONT DE NEMOURS AND COMPANY |
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Address: |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (302) 774-1000 + 1 (302) 774
7321 0048306 Ellen J. Kullman, President |
Date founded: |
1802 Incorporated 09/04/1915 Corporation for Profit Public Company N.A. N.A. 60,000 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures chemicals, resins. |
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BANKS
Stockmens Bank
Wells
BUSINESS
Business & Operations:
E. I. DU PONT DE NEMOURS AND COMPANY is a private company located in
The company is also incorporated in the state of
Operating in more than 70 countries, DuPont offers a wide range of
products and services for markets including agriculture, nutrition,
electronics, communications, safety and protection, home and construction,
transportation and apparel.
In 1802, DuPont was primarily an explosives company. One hundred years
ago, our focus turned to chemicals, materials and energy. Today, they deliver
science-based in areas such as food and nutrition, health care, apparel, safety
and security, construction, electronics and transportation.
Innovation and discovery, their core values have remained constant:
commitment to safety, health and the environment; ethical standards; and
treating people with respect.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Ellen J. Kullman,
President,
Charles O Holliday JR,
Chief Executive Officer,
David Bills, Sales Officer.
They are among the
shareholders.
FINANCIALS – COMMERCIAL TRENDS AND FORECAST
As a private company E. I. DU PONT DE NEMOURS AND COMPANY 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
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29,400,000,000 |
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LEGALS
1 Suit in 2008 by Joyce Craig. Reason: Product
Liability. Amount: NA
1 Suit in 2008 by Denekei Lawson . Reason: Premises
Liability. Amount: NA
1 Suit in 2008 by Refrigeration Technologies. Reason: NA
Amount:NA
All previous Suits have been settled
0 Judgments
10 Liens
from 2004 to 2007 for non-payment of
State Taxes . Total Amount Approx
$200,000
0 Collection Claims Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 by Stockmens Bank seciring
Inventory. Amount:NA
2 UCC Filings in 2007 by Yamaha Motor Corp securing
Inventory & Proceeds. 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 company with several suits.
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 |
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.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)