MIRA INFORM REPORT

 

 

Report Date :

21.02.2011

 

IDENTIFICATION DETAILS

 

Name :

AMVAC CHEMICAL CORPORATION

 

 

Registered Office :

211D Davie Ave City of Commerce CA 90040 1706

 

 

Country :

United States 

 

 

Date of Incorporation :

10.08.1945

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Agricultural and specialty chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

----

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Amvac Chemical Corporation

Address in the order:

A Subsidiary of American Vanguard Corp

 

211D Davie Ave City of Commerce CA 90040 1706

Comments on data supplied:

4100 E Washington Blvd Los Angeles, CA

90023-4406

Legal Name:

Amvac Chemical Corporation

Legal Address

211D Davie Ave City of Commerce CA 90040 1706

Operative Address

4100 E Washington Blvd Los Angeles, CA

90023-4406

Telephone:

+1 (323) 264-3910

ID :

C0199048

Fax:

-

Legal Form:

Corporation for Profit

Email:

-

Registered in:

California

Website:

www.AmvacChemical.com

Date Created:

1945

Manager:

Eric G. Wintemute, CEO

Date Incorporated:

August 10th, 1945

Staff:

75

Stock:

N/A

 

 

Value:

N/A

Activity:

Agricultural and specialty chemicals

 

 

BANKS

 

Name of the Bank

Bank Of The West

 

 

BUSINESS

 

HISTORY

 

This company was created in the year 1945.

 

PRINCIPAL ACTIVITY

 

The company is a specialty chemical manufacturer that is dedicated to developing and marketing safe and effective products for agricultural and commercial uses.

Products/Services description:

 

Insecticides, fungicides, molluscicides, plant growth regulators and soil fumigants are marketed in liquid, powder and granular forms.

Brands:

 

Amazin

Ambush insecticide

Amcotonne

Deadline T&O

Evital

Fortress 5G

Suppliers:

 

Greenton

Orthene

Ornazin

Prelude

Thimet

Vapam

 

The company imports from Europe, Asia

The company export to Worldwide

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This company is wholly own subsidiary of American Vanguard Corp that operates at the stock exchange NYSE under ticker symbol: AMV.

 

4695 Macarthur Court # 1250

Newport Beach, CA 92660

Management:

 

Eric G. Wintemute, CEO

David T. Johnson, CFO

James Barry, Chief Administrative Officer and Senior Vice President

Related Companies:

 

GemChem Inc

EMI

 

Both of these companies are subsidiaries of American Vanguard Corp as the subject.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Silvia who refused to provide us any financial data on grounds of confidentiality, however she agreed to verify the company's address and it headquarter.

 

Currency

DATE

USD

2010(Consolidated from mother company)

Turnover

209,329,000

Operating Income

(6,329,000)

Net Income

(5,789,000)

Current Assets

119,676 ,000

Fixed Assets

66,114,000

Net worth

153,087,000

Liabilities

101,624,000

 

Legal Fillings

 There are 51 UCC** files listed with the Secretary of State of California.

 

There were 21 lawsuits found against the company in which we can find:

 

 

Aka Kovassi, et al v. Dow Chemical Company

Filed: November 26, 2008 as 08-56930 Updated: March 18, 2010 16:43:48

Defendant,: AMVAC CHEMICAL CORPORATION, a California corporation

Plaintiff - Appellee,s: ABDOULAYE LOURE, ADAMA KOURAOGO, AHIMIN DENIS KOUAMELIAN, AKA FRANCIOS KOVASSI, AKA GERMAN KOUMELAN and others

 

 

Ahoulou Kangah, et al v. Dow Chemical Company, et al

Filed: November 25, 2008 as 08-56921 Updated: March 18, 2010 17:07:02

Defendant,: AMVAC CHEMICAL CORPORATION, a California corporation

Plaintiff - Appellee,s: ABDOULAYE KONATE, ABDOULAYE KONE, ABIELEY KODIA, ABLI JEROME KOFFI, ABRI FIRMIN KOFFI and others

 

 

Kallilou Diarrassouba, et al v. Dow Chemical Company

Filed: November 25, 2008 as 08-56922 Updated: March 18, 2010 17:07:05

Defendant,: AMVAC CHEMICAL CORPORATION, a Delaware corporation

Plaintiff - Appellee,s: ABLASSE GUIATIN, ABLE PIERRE EKRA, ADAMA KONE GOMON, ADJROUFOU MAURICE ESSEY, AHOUA ARSENE HOLLY and others

 

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

 

Local credit bureau gave a Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This company has been in business for 66 years. It has a staff of 75 employees which makes it a medium sized company.

There were several law suits fund against the company.

The receptionist refused to give us any financial information; Therefore we gathered the financial figures from its mother company, and it gave us a low profitability for the year 2010, a negative net income and a negative operating income.

Due to the fact that there was no financial information found for this company, to all their lawsuits, and to the negative year that its mother company had.

We strongly suggest working with GUARANTEES.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

LOW

Public Records

YES

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

N.A.

 

 

 



APPENDIX

 

Person Interviewed

 

Silvia

Position

 

Receptionist

Comments

 

She refused to provide us with the company's financial figures though she clarified the difference between  main office and its headquarter.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.18

UK Pound

1

Rs.73.04

Euro

1

Rs.61.43

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.