MIRA INFORM REPORT
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Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SOLUTIA INC |
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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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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.04.1997 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
manufacture and marketing of performance materials and specialty chemicals used in a range of consumer and industrial 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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Maximum Credit Limit : |
USD 2,500,000 |
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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 Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Solutia Inc |
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Address in the order: |
575 Maryville Centre Drive P O Box No 66760, St. Louis Missouri 63141,
United States |
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Legal Name: |
Solutia Inc |
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Legal Address |
Corporation Trust Center 1209
Orange Street - Wilmington - New Castle - DE 19801 - USA (Registered agent
address) |
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Operative Address |
575 Maryville Centre
Drive St. Louis, Missouri 63141 USA (Headquarters) |
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Telephone: |
+1 (314) 674-1000 |
ID : |
2735025 |
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Fax: |
+1 (314) 674-1585 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
1901 |
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Manager: |
Mr. Jeffry N. Quinn, CEO |
Date Incorporated: |
April, 1st. 1997 |
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Staff: |
3,300 |
Stock: |
121,893,667 |
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Value: |
NA |
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Activity: |
Solutia Inc. engages in
the manufacture and marketing of performance materials and specialty
chemicals used in a range of consumer and industrial applications. |
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BANKS
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Name of the Bank |
Citibank, N.A |
BUSINESS
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HISTORY |
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Solutia Inc. was founded in
1901 and is headquartered in St. Louis, Missouri. |
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PRINCIPAL ACTIVITY |
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Solutia Inc. engages in
the manufacture and marketing of performance materials and specialty
chemicals used in a range of consumer and industrial applications. |
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Products/Services description: |
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It operates in three
segments: Advanced Interlayers, Performance Films, and Technical Specialties.
The Advanced Interlayers segment produces polyvinyl butyral (PVB) sheet, a
plastic interlayer used in the manufacture of laminated glass for automotive
and architectural applications; and as an encapsulant used in photovoltaic
applications under SAFLEX brand; specialty intermediate PVB resin and
plasticizer products under BUTVAR brand; and optical grade PVB resin and plasticizers.
The Performance Films
segment offers solar control, decorative, safety, and security window films
for aftermarket automotive and architectural applications under the LLUMAR,
V-KOOL, HÜPER OPTIK, VISTA, GILA, and FORMULA ONE HIGH PERFORMANCE AUTOMOTIVE
TINT brand names; and precision coated films and other enhanced polymer films
for electronics and energy industrial customers under the FLEXVUE brand. The Technical Specialties
segment provides chemicals for the rubber, solar energy, process manufacturing,
and aviation industries. This segment offers vulcanizing agents, principally
insoluble sulfur under the CRYSTEX brand; antidegradants under the SANTOFLEX
brand; heat transfer fluids under the THERMINOL brand; and aviation hydraulic
fluids under the SKYDROL brand name. |
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Sales are: |
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Wholesale |
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Brands: |
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SANTOFLEX THERMINOL SKYDROL |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted refused
to provide the name of the suppliers for us to check trade references. |
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Operations area: |
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National, International |
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The company export to Europe,
Asia, Latin America, and Canada |
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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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Headquarters |
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The company is
headquartered at the address listed above. |
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Comments on location: |
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It is incorporated in
Delaware due to tax purposes. |
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Branches: |
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The company has several
franchisees in the US. |
Shareholders - Manager - Related Companies
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Listed at the stock
exchange: |
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YES |
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Capital: |
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% of Shares Held by All
Insider and 5% Owners: 6 % % of Shares Held by
Institutional & Mutual Fund Owners: 92 % % of Float Held by
Institutional & Mutual Fund Owners: 98 % Number of Institutions
Holding Shares: 233 |
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Shareholders Parent Company(ies): |
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Major Direct Holders HARBINGER CAPITAL
PARTNERS MASTER FUND I, LTD. QUINN JEFFRY N SULLIVAN JAMES M VOSS JAMES R DEBOLT ROBERT T Top Institutional Holders VANGUARD GROUP, INC.
(THE) Cadian Capital
Management, LLC EAGLE ASSET MANAGEMENT,
INC WESTFIELD CAPITAL
MANAGEMENT COMPANY AllianceBernstein, L.P. BlackRock Institutional
Trust Company, N.A. BlackRock Fund Advisors Gates Capital Management,
Inc. STATE STREET CORPORATION FMR LLC Top Mutual Fund Holders FIDELITY FUND VANGUARD SMALL-CAP INDEX
FUND ISHARES RUSSELL 2000
INDEX FD FIDELITY VALUE FUND VARIABLE INSURANCE PRODUCTS
FD II-CONTRAFUND PORTFOLIO FIDELITY PURITAN FUND INC VANGUARD TOTAL STOCK
MARKET INDEX FUND VANGUARD SMALL-CAP GROWTH
INDEX FUND FIDELITY BALANCED FUND Eagle Series Tr-Eagle Mid
Cap Stock Fund |
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Management: |
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Mr. Jeffry N. Quinn, CEO and
President Mr. James M. Sullivan,
CFO Mr. James R. Voss, COO |
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Related Companies: |
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Solutia Europe SPRL/BVBA
(Belgium) CPFilms Inc. (Delaware) Solutia Netherlands
Holdings B.V (Nehterlands) Flexsys K.K. (Kabushiki
Kaisha) (Malaysia) Solutia Brasil Ltda
(Brazil) (Among others) |
Financials - COMMERCIAL TRENDS AND
FORECAST
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The subject is a public company traded at the NYSE stock exchange,
ticker symbol: "SOA". Please find enclosed the financial statements. |
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Legal Fillings |
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There are various claims,
lawsuits, and pending actions against the Company and its subsidiaries
incident to the operations of its business. It is the opinion of management, after
consultation with counsel, that the ultimate resolution of such claims,
lawsuits and pending actions will not have a material adverse effect on the
Company’s consolidated financial position, results of operations or
liquidity. |
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 big sized American company which employs 3,300 people and has
110 years of experience in the market. There were no legal filings found against the company or its legal
representatives. It is a publicly traded company at NYSE stock exchange under ticker
symbol: "SOA". A credit line may be considered for USD 2,500,000. |
SUMMARY
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Profitability |
CORRECT |
Public
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YES |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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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.71.91 |
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Euro |
1 |
Rs.62.98 |
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.