MIRA INFORM REPORT
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Report Date : |
09.07.2011 |
IDENTIFICATION DETAILS
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Name : |
RHODIA INC. |
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Registered Office : |
1209 Orange Street,
Wilmington, New Castle, De |
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Country : |
United States |
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Date of Incorporation : |
09.07.1997 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Chemical Company |
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 : |
EUR 2,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: 100.00 USD = 72.1441 EUR |
IDENTIFICATION
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Ordered as: |
Rhodia Inc |
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Address in the order: |
CN 1120, Cranbury NG 08512 |
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Legal Name: |
RHODIA INC. |
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Legal Address |
1209 ORANGE STREET,
WILMINGTON, NEW CASTLE, DE, USA (incorporators) |
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Operative Address |
8 Cedar Brook Drive,
Cranbury, NJ 08512-7500, United States (headquarters) |
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Telephone: |
609-860-4000 |
ID : |
2768202 |
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Fax: |
609-409-8652 |
Legal Form: |
Corporation for Profit |
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Email: |
info@rhodia.us |
Registered in: |
Delaware |
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Website: |
http://www.rhodia.us |
Date Created: |
1997 |
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Manager: |
James Harton, President |
Date Incorporated: |
July 9th, 1997 |
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Staff: |
1,800 |
Stock: |
1,000 |
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SIC Code : |
2800 |
Value: |
USD 1.- |
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Activity: |
Chemical company |
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BANKS
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Name of the Bank |
BANK OF AMERICA |
BUSINESS
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HISTORY |
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In 1997, Rhône-Poulenc
formed Rhodia, Inc. (Rhodia) as a wholly owned subsidiary. |
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PRINCIPAL ACTIVITY |
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Chemical company |
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Products/Services description: |
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Rhodia, Inc. engages in
the development, manufacture, and marketing of specialty chemicals for
refineries and industries in North America. |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial, automotive,
tire, electronics, perfume, health, beauty and home care markets |
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Operations area: |
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National, International |
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The company export to Canada, among others |
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The subject employs 1,800
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 legal address is that
of the registered agent: 1209 ORANGE STREET, WILMINGTON, NEW CASTLE, DE, USA However, it is
headuqartered at: 8 Cedar Brook Drive Cranbury. NJ 08512-7500, USA |
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Comments on location: |
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Headquarters |
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Branches: |
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The company operates 18
production sites in the country, including: Rhodia Silcea Cincinnati 4775 Paddock Road,
Cincinnati. OH 45229 |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private
company. It is subsidiary of: Rhodia SA. Coeur Défense - Tour A -
37ème étage 110, esplanade Charles de
Gaulle 92931 Paris La Défense Cedex France Tel : +33 (0)1 53 56 64
64 2009 Net
Sales: 4,031 million Recurring
EBITDA: 487 million Operating
profit: 160 M |
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Management: |
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James Harton, President Remi Rothea, Vice
President Mark Dahlinger, Chief
Financial Officer John Donahue, Secretary |
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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, who refused to provide us any financial data without knowing
the name of the inquiring party. |
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Currency |
DATE |
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EUR |
2010 |
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Turnover |
5,226,000,000 |
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Operating Income |
602,000,000 |
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Net Income |
267,000,000 |
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The cash flow is |
NORMAL |
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Comments on the financial data: The financial data is consolidated with those of the parent compays
"Rodhia SA" (Paris:RHA). |
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Legal Fillings |
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There are no 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 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 large sized American company, which employs 1,800 people and
has 13 years of experience in the market. Rhodia's North American operations provide about 20% of its parent's
total sales. As the parent has positive financial figures, current operations
seems profitable. A credit line may be considered for EUR 2,000,000 |
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SUMMARY
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Profitability |
CORRECT |
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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Comments |
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We have contacted the
company, who refused to provide us any financial data without knowing the
name of the inquiring party. |
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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.44.33 |
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UK Pound |
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.65 |
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.