MIRA INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AQUALON COMPANY |
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Registered Office : |
Corporation Trust Center 1209 Orange Street Wilmington New Castle, DE,
19801 |
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Country : |
United States |
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Date of Incorporation : |
06.11.2008 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Industrial Organic Chemicals Manufacturers |
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 500.000. |
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Status : |
Satisfactory |
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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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United States |
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: |
Aqualon Company |
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Address in the order: |
Hercules Plaza, 1313, North Market Street Wilmington, DE 19894-0001,
U.S. |
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Legal Name: |
Aqualon Company |
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Trade Name: |
Ashland Aqualon Functional Ingridients |
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Legal Address |
Corporation Trust Center 1209 Orange Street Wilmington New Castle, DE,
19801, U.S. |
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Operative Address |
1313 North Market Streetwilmington, DE 19801-1150, U.S. |
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Telephone: |
+1 (302) 594-5000 |
ID : |
4620387 |
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Fax: |
+1 (302) 594-5400 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
2008 |
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Manager: |
John Panichella, President |
Date Incorporated: |
November 6, 2008 |
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Staff: |
120 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Industrial Organic Chemicals Manufacturers |
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BANKS
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Name of the Bank |
BANK OF AMERICA, N.A., AS |
BUSINESS
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HISTORY |
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The company has been created in the year 2008. |
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PRINCIPAL ACTIVITY |
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This is a private company that manufactures industrial chemicals. The company provides specialty chemicals, technologies and expertise
to customers worldwide. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, International |
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The company does not import |
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The company export to Worldwide |
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The subject employs 120 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 1313 N Market Street # A Wilmington,
DE 19801-1150, U.S. |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Ashland Aqualon Functional Ingredients is the name under which Aqualon
Company has been doing business since the acquisition of its parent company
Hercules incorporated by Ashland inc in November 2008. |
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Management: |
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John Panichella, President |
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Financials - COMMERCIAL TRENDS
AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company but refused to provide us any financial
data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 (Consolidated) |
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Turnover |
287,000,000 |
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Legal Fillings |
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There are 125 UCC's files listed with the
Secretary of State of Delaware. There are no legal filings listed with the
District Court. 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 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 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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Final Opinion |
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This is a medium sized US company as it
has currently a staff of 120 employees. It started operations in 2008; therefore
it has 2 years of experience. The company has a normal cash flow. There were no legal filings found against
the company or its legal representatives. Nevertheless, the company has been doing
business for a short time; therefore, we consider that a credit line may be
considered for USD 500.000. |
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SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Shanon |
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Comments |
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We contacted the company but the operator refused to provide us with
any kind of information on grounds of confidentiality. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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UK Pound |
1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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.