MIRA INFORM
REPORT
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Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ELEMENTIS SPECIALTIES INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.12.1997 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Specialty Chemicals |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Elementis Specialities |
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Address in the order: |
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Legal Name: |
ELEMENTIS SPECIALTIES INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 800 866 6800 |
ID : |
2834088 |
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Fax: |
+1 609 443 2422 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
David W Dutro , President |
Date Incorporated: |
December 16th 1997 |
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Staff: |
513 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Specialty chemicals. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK |
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Name of the Bank |
WACHOVIA BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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Elementis engages in the manufacture and sale of specialty chemicals
worldwide. The company operates in three segments: Specialty Products,
Surfactants, and Chromium. The Specialty Products segment manufactures and
sells rheology control additives, including organoclays, colourants, high
performance dispersing agents, defoamers, coalescing agents, flow and
leveling additives, wetting and slip agents, other specialty additives and
resins, and lanolin and other natural oil derivatives. This segment offers its
products for industrial coatings, architectural coatings, construction,
oilfield chemicals, and personal care applications. The Surfactants segment
manufactures surface active ingredients for markets, such as oilfield
chemicals, pulp and paper, textile and leather, household products,
agrochemicals, feed, and plastic and resins. The Chromium segment produces
chromium chemicals, including sodium dichromate, chromic acid, chromic oxide,
and liquid chrome sulphate for leather tanning, timber treatment, metal finishing,
chrome metal alloys, chrome pigments, ceramics/refractory markets. |
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The subject employs 513 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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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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ELEMENTIS SPECIALTIES INC. is the The parent company is headquartered in the W1S 4BL, Tel: +44 (0) 20 7408 9300 Fax: +44 (0) 20 7493 2194 Email: elementis.info@elementis-eu.com |
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Management: |
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- David Dutro, Group Chief Executive - Brian Taylorson, Finance Director - Greg McClatchy, President, Elementis Specialties - Eric Haaijer, President, Elementis Chromium - Walker Allen, General Counsel and Chief Compliance Officer - Jerry Horton, Vice President Worldwide Human Resources |
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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However our financial sources could provide us with the following
data. The financial figures are consolidated with the parent company. |
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Currency |
DATE |
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GBP |
31/12/2009 |
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Turnover |
363,700,000,000 |
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Operating Income |
19,500,000 |
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Net Income |
-37,000,000 |
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Legal Fillings |
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There
are 38 UCC** 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 ** 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 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 large The mother company had a bad performance
last year. We suggest working with guarantees |
SUMMARY
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Profitability |
NEGATIVE |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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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.45.57 |
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1 |
Rs.72.50 |
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Euro |
1 |
Rs.62.46 |
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 |
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.