MIRA
INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ROHM & HAAS CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.04.1917 |
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Legal Form : |
Corporation For Profit |
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Line of Business : |
Manufacturer of Miscellaneous
Materials. |
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 1,00,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Rohm & Haas Co |
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Address in the order: |
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Legal Name: |
ROHM AND HAAS COMPANY |
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Legal Address |
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Operative Address |
100 |
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Mailing Address |
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Telephone: |
+ (215)-592-30 00 |
Document Number : |
0062510 |
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Fax: |
+ (215)-592-33 77 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1907 |
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Manager: |
Yi Paik, President |
Date Incorporated: |
April 23rd, 1917 |
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Staff: |
17,000 employees |
Stock: |
1,000 |
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Value: |
NA |
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Activity: |
Manufacturer of miscellaneous
materials. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK |
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Name of the Bank |
BANK OF |
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Name of the Bank |
GREATER BAY BANK |
BUSINESS
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HISTORY |
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The company was founded in Haas moved to In 1965, Rohm and Haas
moved from its In 1999, Rohm and Haas
acquired the Morton Salt company, which operates as a division of Rohm and
Haas today. On July 10, 2008 Rohm and Haas announced
it was being bought by Dow Chemical Company for US$18.8 billion (9.68 billion
€). Rohm and Haas will continue doing business under its name and will
remain in its On April 1, 2009, the merger of
Rohm and Haas Company (“Rohm and Haas”) with a subsidiary of the Company was
completed, and Rohm and Haas became a wholly owned subsidiary of Dow Chemical Company. |
PRINCIPAL ACTIVITY
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Rohm And Haas Company is a multi-national chemicals manufacturing
company. The company manufactures and markets a range of polymers and specialty
chemicals. |
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Products/Services description: |
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The main products of Rohm and Haas are specialty materials, advanced chemistry
that allows end use products to have a particular characteristic — low-odor,
water-based paints, sunscreens with greater SPF functionality, or more
powerful semiconductor chips, for example. |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial Companies. |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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Trade References: |
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Despite our searches, we were not able to find any company’s trade
references. |
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The subject employs 17,000 employee(s) |
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PAYMENTS |
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Regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 100 N |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has several locations in the |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is wholly owned subsidiary of Dow Chemical Company a publicly traded at the NYSE under the symbol
"Dow" and headquartered
in |
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Management: |
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Yi Paik, President |
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Related Companies: |
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ROHM AND HAAS ROHM AND HAAS ESPANA SL ROHM AND HAAS TAIWAN, INC Rohm and Haas German Real Estate GmbH Among others... |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company
the subject does not publish any financial statements. We enclose the
parent company's financial Statement for information. |
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The turnover
below is the consolidated of the Parent Company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
53,674,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of Delaware. Among them: 1. Filing Number: 2009 3760441 Filing Date: 11-23-2009 Filing Jurisdiction: Filing Location: SECRETARY OF
STATE/UCC DIVISION FEDERAL & DUKE OF Filing History: Filing Type
Filing Date INITIAL FILING 11-23-2009 Secured Party: WELLS FARGO
BANK, N.A. Secured Party Address: 300 Debtor: ROHM AND HAAS COMPANY Debtor Address: 2. Filing Number: 2009 3259832 Filing Date: 10-09-2009 Filing Jurisdiction: Filing Location: SECRETARY OF
STATE/UCC DIVISION FEDERAL & DUKE OF Filing History: Filing Type
Filing Date INITIAL FILING 10-09-2009 Secured Party: WELLS FARGO
BANK, N.A. Secured Party Address: 300 Debtor: ROHM AND HAAS COMPANY Debtor Address: Collateral Description:
10/09/2009 2009 3259832 - EQUIPMENT LEASED AND PROCEEDS Collateral Count: 3. Filing Number: 2009 2838693 Filing Date: 09-02-2009 Filing Jurisdiction: Filing Location: SECRETARY OF
STATE/UCC DIVISION FEDERAL & DUKE OF Filing History: Filing Type
Filing Date INITIAL FILING 09-02-2009 Secured Party: TOYOTA MOTOR
CREDIT CORPORATION Secured Party Address: Debtor: ROHM AND HAAS COMPANY Debtor Address: Collateral Description:
09/02/2009 2009 2838693 - EQUIPMENT Collateral Count: The company is defendant in various pending lawsuits and proceedings
and is subject to various other claims arising in the normal course of its
business. Although the outcome of these lawsuits and proceedings cannot be
predicted with certainty at this time, it is believed that the ultimate
disposition of such suits will not have a material adverse effect on the
company. The last annual report was filed on February 25th, 2011 THE COMPANY IS NOT LISTED ON THE OFAC LIST.* For information: * The Specially Designated Nationals (SDN) List is a publication of
OFAC which lists individuals and organizations with whom ** The Uniform Commercial Code (UCC) is one of a number of uniform
acts that have been promulgated in conjunction with efforts to harmonize the
law of sales and other commercial transactions in all 50 states within the The UCC deals primarily with transactions involving personal property
(movable property), not real property (immovable property). It allows a creditor to notify other creditors about a debtor’s assets
used as collateral for a secured transaction by filing a public notice
(financing statement) with a particular filing office. The Uniform Commercial Code Bureau files and maintains records on
financial obligations (including IRS liens) incurred by individuals (in
business as a sole proprietor), business entities and corporations. |
Rating
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Local credit bureau gave a good 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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Final Opinion |
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This is a big size company with several years in the business. It is well established in its market. The company is part of a large international group with operations
worldwide. We can note that the group is following a safe trend for the fiscal
year 2010. Indeed, its profitability is correct and the cash flow is normal. However, the indebtedness of the group is medium. The subject company accounts for a significant part of the group's
financial results. For these reasons, we suggest a maximum credit line of USD 1,000,000 To completely secure the
company's credit line, we suggest considering the subject’s Final Parent
Company as a guarantor. |
SUMMARY
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Profitability |
CORRECT |
Public |
YES |
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Indebtedness |
MEDIUM |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Customer Service Manager |
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Comments |
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She was able to confirm us some information in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.20 |
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1 |
Rs.72.24 |
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Euro |
1 |
Rs.63.09 |
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 |
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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-- |
NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.