MIRA INFORM REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RT VANDERBILT COMPANY INC |
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Registered Office : |
30 Winfield Street, Norwalk, Ct 06855 |
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Country : |
United States |
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Date of Incorporation : |
11.10.1916 |
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Com. Reg. No.: |
12629 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Chemicals and Allied Products |
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 : |
2,000,000 USD. |
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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: USD |
IDENTIFICATION
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Ordered as: |
R T Vanderbilt Company Inc |
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Address in the order: |
30 Winfield Street, Norwalk, CT 06855 |
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Legal Name: |
RT VANDERBILT COMPANY INC |
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Legal Address |
30 WINFIELD STREET, NORWALK, CT 06855, USA |
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Telephone: |
(203) 853-1400 |
Registration Number : |
12629 |
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Fax: |
(203) 853-1452 |
Legal Form: |
Corporation for Profit |
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Email: |
info@rtvanderbilt.com |
Registered in: |
New York |
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Website: |
http://www.rtvanderbilt.com |
Date Created: |
1916 |
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Manager: |
Hugh Vanderbilt |
Date Incorporated: |
OCTOBER 11, 1916 |
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Staff: |
450 |
Stock: |
100,000 shares |
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SIC Code : |
5169 |
Value: |
USD 10 per share |
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Activity: |
Chemicals and Allied Products, NEC |
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BANKS
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Name of the Bank |
WELLS FARGO BANK, N.A. |
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Location |
4 CORPORATE DR STE 495 SHELTON
CT 06484- 6264 |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company engages in the manufacture and sale of minerals and
chemicals. |
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Products/Services description: |
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The company offers paint and paper products, including mineral
fillers, drier accelerators, corrosion inhibitors, fungicides and preservatives,
dispersing agents, and thixotropes; starch conversion enzymes, water
retention aids, biocides and fungicides, minerals, dispersing and suspending
agents, and pitch control agents; life sciences products, including
agri-science, animal care, and personal care and pharmaceutical; a selection
of biocides for industrial preservation; a range of polymers, such as Hypalon
and Neoprene, antioxidants, emulsion and suspension stabilizers,
bactericides, dispersants, specialty surfactants, and industrial mineral
fillers; a range of accelerators and crosslinking agents; and a line of
mineral fillers and reinforcing agents, as well as conductive carbon black
products. |
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Sales are: |
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Wholesale |
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Clients: |
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It serves rubber, plastics, petroleum, paint, paper, pharmaceutical,
agricultural, ceramics, adhesives, wire and cable, cosmetics, and household
products industries. |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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Competitors: |
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Dow Chemical Company E. I. Du Pont De Nemours and Company |
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The subject employs 450 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 above address. |
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Comments on location: |
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The company is incorporated in New York. However, it is headquartered in
Connecticut. |
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Branches: |
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The company has chemical manufacturing plants in Connecticut and
Kentucky; and mining and minerals processing facilities in New York, North
Carolina, South Carolina, Nevada, Arizona, California, and Kentucky. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Management: |
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Mr. Hugh B. Vanderbilt Chairman and CEO Mr. Roger K. Price President and COO Mr. Joseph Denaro CFO Mr. Paul Vanderbilt Vice President and Secretary Mr. Hugh T. Gartland Vice President of Corporate Accounting &
Taxes |
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 Accounts Payable Department but the person
interviewed refused to provide us any financial data on grounds of
confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
237,765,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2007 |
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Turnover |
229,374,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of New York: Filing Number: 1012020654932 Filing Date: 12-02-2010 Secured Party: WELLS FARGO BANK, N.A. Filing Number: 1011240643781 Filing Date: 11-24-2010 Secured Party: GE GOVERNMENT FINANCE, INC., AS COLLATERAL AGENT Filing Number: 1004050173133 Filing Date: 04-05-2010 Secured Party: DE LAGE LANDEN FINANCIAL SERVICES, INC. Filing Number: 0912216149148 Filing Date: 12-21-2009 Secured Party: GENERAL ELECTRIC CAPITAL CORPORATION Filing Number: 0906255587924 Filing Date: 06-25-2009 Secured Party: IBM CREDIT LLC There are no legal filings listed with the
District Court. The last annual report was filed on Sep
03, 2010 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 good 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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The company has 95 years in the business. It is a medium sized American company, evolving in a stable sector. Profitability is correct, indebtedness is controlled, cash is normal
and payments are regular. We did not find a specific adverse record against the subject. A credit line may be considered for 2,000,000 USD. |
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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Person Interviewed |
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Ted Krystin |
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Position |
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International credit manager (ext 324) |
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Comments |
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The sales manager Kevin M. Delaney (ext 490) provided in the order was
not available during our call. We have been told that Ted Krystin, the
international credit manager, would be the person to talk to. A message has
been left on his voice mail but the call has not been returned yet. The receptionist has also confirmed us some information to complete
this report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.61 |
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UK Pound |
1 |
Rs.73.28 |
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Euro |
1 |
Rs.65.47 |
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.