MIRA INFORM REPORT
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Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CPFILMS INC.
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Registered Office : |
Corporation Trust Center 1209 Orange Street, Wilmington, De 19801 |
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Country : |
United States |
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Date of Incorporation : |
29.04.1932 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures and sells solar control and safety window films for automotive and building applications |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Exists |
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
GovernmentGOVERNMENT |
Federal |
Currency |
USD |
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Economic Risk |
Nil |
Branch Situation |
Stable |
IDENTIFICATION
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Ordered as: |
Cpfilms Inc |
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Address in the order: |
4210 The Great Road
Fieldale Va 24089 Usa. |
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Comments on data
supplied: |
The address provided is
one of he company's branches in Virginia. |
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Legal Name: |
CPFILMS INC. |
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Legal Address: |
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Telephone: |
+ 1 (314) 674-1000 |
File
Number: |
0312016 |
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Fax: |
+ 1 (314) 674-1585 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registerd In: |
Delaware |
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Website: |
www.cpfilms.com |
Date Created: |
1955 |
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Manager: |
Mr. Ken Vicker, President |
Date Incorporated |
April 29, 1932 |
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Staff: |
3,300 (At group level) |
Stock: |
NA. |
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Value: |
NA |
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Activity: |
Manufactures and sells
solar control and safety window films for automotive and building
applications. |
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Banks
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Name of the Bank |
DEUTSCHE BANK; CITIBANK |
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Business
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PRINCIPAL ACTIVITY: |
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CPFilms Inc. manufactures and sells solar control and safety window
films for automotive and building applications. It offers Precision Coated
Films, including anti-reflective films, Clearsil release films, coated adhesive
films and foams, conductive films, decorative films, dyed colored films, hard
coated films, label stock, metalized films, optical filters, shielding films
and ESD, sputter-coated films, and UV-absorbing films. It also provides shade
films and shade film components; and LLumar Window Films, such as safety and
security, building films, automotive films, and decorative films. In
addition, it offers Gila Window Films, including residential films; Vista
Window Films, such as architectural and designer films; and FormulaOne,
including high performance auto films. Its products are used in various
applications, such as overlaminates, graphic arts and signage, decorative
laminates, labels and specialty tapes, and medical products, as well as in
pen entry systems, computer monitors, and plasma display panels. Its products
are also used in computer touchscreens and other position sensors,
electro-luminescent lamps, liquid crystal displays, transparent heaters, ESD
packaging, paper and board laminations, and radiation shielding applications.
It serves automotive, residential, and commercial markets. It sells its
products through distributors and dealers in the United States and
internationally. CPFilms, Inc. was formerly known as Courtaulds Performance
Films, Inc. and changed its name to CPFilms, Inc. in 1999. As of April 1999,
CPFilms, Inc. operates as a subsidiary of Solutia Inc. |
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Sales are: |
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Wholesale |
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Operations area: |
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National,InterNational, |
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Trade References : |
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Despite our long searches we could not identify the trade references
with the staff. |
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The subject employs 3,300 employee(s) |
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Payments : |
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regular |
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LOCATION : |
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Comments on location: |
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The company was founded in 1955 and is based in St. Louis, Missouri
with sales offices in Brazil, China/Hong Kong, Germany, Japan, Korea, Latin
America, Mexico, the Russian Federation, Singapore, the United Kingdom, and
the United States. |
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Branches: |
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It operates manufacturing facilities in Axton and Martinsville,
Virginia; Canoga Park, California; and Runcorn, the United Kingdom. |
Shareholders - Manager
- Related Companies
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Shareholders Parent Company(ies): |
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As of April 1999, CPFilms, Inc. operates
as a subsidiary of Solutia Inc. |
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Management: |
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Financials -
COMMERCIAL TRENDS AND FORECAST
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The subject is a public company traded at the stock exchange. Please find
enclosed the financial statements. |
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However our financial sources could provide us with the following
data, enclosed to this document. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1,950,000,000 |
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legal fillings |
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Rating
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Local credit
bureau gave a medium credit rate. |
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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 company with a larger
parent company has a backup. |
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND
PAYMENTS |
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Profitability |
CORRECT |
Public Records |
YES |
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Indebtedness |
MEDIUM |
Payments |
REGULAR |
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Cash |
CORRECT |
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APPENDIX
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Comments: |
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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.44.53 |
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UK Pound |
1 |
Rs.71.80 |
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Euro |
1 |
Rs.63.15 |
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.