MIRA INFORM REPORT

Report Date :

03.06.2011

IDENTIFICATION DETAILS

Name :	FMC CORPORATION (FMC LITHIUM)

Registered Office :	Corporation Trust Center 1209 Orange Street, Wilmington, New Castle, De

Country :	United States

Financials (as on) :	31.12.2010

Date of Incorporation :	10.08.1928

Legal Form :	Corporation for Profit

Line of Business :	Chemical Company

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 3,000,000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

GEOPOLITICS - UNITED STATES

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal

Economic Risk: Nil

Currency: USD

Branch Situation:Stable

IDENTIFICATION

Ordered as:	FMC Lithium Lithium Division
Address in the order:	Seven LakePointe Plaza, 2801 Yorkmont Road, Suite 300, Charlotte, NC 28208 USA
Comments on data supplied:	In 1995, Lithium Corporation of America was acquired by FMC Corporation. FMC's lithium operations are now known as FMC Lithium
Legal Name:	FMC CORPORATION (FMC LITHIUM)
Trade Name:	FMC LITHIUM
Legal Address	CORPORATION TRUST CENTER 1209 ORANGE STREET, WILMINGTON, NEW CASTLE, DE, USA (incorporators)
Operative Address	Seven LakePointe Plaza, 2801 Yorkmont Road, Suite 300, Charlotte, NC 28208 USA (headquarters)
Telephone:	215-299-6000	ID :	0241301
Fax:	215-299-5998	Legal Form:	Corporation for Profit
Email:	info@fmclithium.com	Registered in:	Delaware
Website:	http://www.fmclithium.com	Date Created:	1928
Manager:	Pierre R. Brondeau, Chairman	Date Incorporated:	August 10th, 1928
Staff:	4,900	Stock:	71,485,844.
		Value:	$0.10 par value
Activity:	Chemical company

BANKS

Name of the Bank

BANK OF AMERICA

BUSINESS

HISTORY
	The company was created in 1928. In 1995, Lithium Corporation of America was acquired by FMC Corporation.
PRINCIPAL ACTIVITY
	Chemical company.
Products/Services description:
	FMC Corporation, a chemical company, provides solutions, applications, and products for agricultural, consumer, and industrial markets worldwide. It operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals
The subject employs 4,900 employee(s)
LOCATION
Headquarters
	The company was incorporated in Delaware for tax purposes. The legal address is that of the incorporator agent: CORPORATION TRUST CENTER 1209 ORANGE STREET, WILMINGTON, NEW CASTLE, DE, USA However, the company is headquartered at: Seven LakePointe Plaza, 2801 Yorkmont Road, Suite 300, Charlotte, NC 28208 USA

Shareholders - Manager - Related Companies

Listed at the stock exchange:
	YES
Capital:
	% of Shares Held by All Insider and 5% Owners:1% % of Shares Held by Institutional & Mutual Fund Owners:90% % of Float Held by Institutional & Mutual Fund Owners:91% Number of Institutions Holding Shares:388
Shareholders Parent Company(ies):
	Major Direct Holders (shares) BRONDEAU PIERRE R: 154,295 WALTER WILLIAM G: 63,461 WILSON D MICHAEL: 50,861 STEELE MILTON: 49,070 UTECHT ANDREA E: 48,544 Top Institutional Holders (%) FMR LLC: 6.13 VANGUARD GROUP, INC. (THE): 5.06 STATE STREET CORPORATION: 3.91 RS Investment Management Co., LLC: 3.59 WELLINGTON MANAGEMENT COMPANY, LLP: 3.48 BlackRock Advisors, LLC: 2.98 Top Mutual Fund Holders (%) FUNDAMENTAL INVESTORS INC: 3.77 AMERICAN FDS INSURANCE SER-GROWTH FD: 2.79 FIDELITY LOW-PRICED STOCK FUND: 2.79 NEW PERSPECTIVE FUND INC: 1.92 AMERICAN FDS INSURANCE SER-ASSET ALLOCATION FD: 1.75
Management:
	Pierre Brondeau President, Chief Executive Officer and Chairman of the Board W. Kim Foster Executive Vice President and Chief Financial Officer Mark A. Douglas President, Industrial Chemicals Group Milton Steele President, Agricultural Products Group
Related Companies:
	Subsidiaries: FMC Agricultural Products International, AG Switzerland FMC Agroquímica de México S.A. de C.V. Mexico FMC BioPolymer AS Norway FMC BioPolymer (UK) Limited United Kingdom FMC Chemicals Netherlands BV Netherlands FMC Chemical International, AG Switzerland FMC Chemicals Limited United Kingdom FMC Chemical S.p.r.l. Belgium FMC Finance B.V. Netherlands FMC Foret, S.A. Spain FMC India Private Limited India FMC International Ireland FMC Marine Colloids (Philippines), Inc. Philippines FMC of Canada Limited Canada FMC Química do Brasil Limitada Brazil FMC Specialty Alkali Corporation Delaware FMC (Suzhou) Crop Care Co. Ltd. China FMC WFC I, Inc. Wyoming FMC Wyoming Corporation Delaware Minera Del Altiplano S.A. Argentina P.T. Bina Guna Kimia Indonesia

Financials - COMMERCIAL TRENDS AND FORECAST

The subject is a public company traded at NYSE:FMC. Please find enclosed the financial statements.

Legal Fillings

There are several 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

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.

Final Opinion

This is a large sized American company, which employs 4,900 people and has 88 years of experience in the market.

The financial data show a positive commercial trend

A credit line may be considered for USD 3,000,000

SUMMARY

FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	CORRECT	Public Records	NO
Indebtedness	CONTROLLED	Payments	REGULAR
Cash	NORMAL

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.73.46
Euro	1	Rs.64.58

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
----	NB	New Business	----

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%)

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