MIRA INFORM REPORT

 

 

Report Date :           

15.06.2011

 

IDENTIFICATION DETAILS

 

Name :

FMC CORPORATION

 

 

Registered Office :

1220 N. Market Street Suite 804, Wilmington New Castle, De 19801.

 

 

Country :

United States 

 

 

Date of Incorporation :

28.06.1984

 

 

Com. Reg. No.:

2038757

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Specialty Chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

1,500,000 USD.

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

                                                                                                                                      

GEOPOLITICS - UNITED STATES

 

                        POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Growing

 

 

IDENTIFICATION

 

Ordered as:

FMC Biopolymer

Address in the order:

1735 Marker Street Philadephia pA 19103

Comments on data supplied:

The name provided is a division of the company FMC CORPORATION, headquartered at the address provided. Therefore, we made the report on FMC CORPORATION.

Legal Name:

FMC CORPORATION

 

 

Legal Address

1220 N. MARKET STREET SUITE 804, WILMINGTON NEW CASTLE, DE 19801.

 

Operative Address

1735 Market Street Philadelphia, PA 19103.

Telephone:

+1 (215) 299-6000

Registration Number :

2038757

Fax:

+1 (215) 299-5998

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

Delaware

Website:

www.fmc.com

Date Created:

1883

Manager:

Pierre R. Brondeau

Date Incorporated:

June 28th, 1984

Staff:

4,900 (At group level)

Stock:

71,485,844

 

 

Value:

$ 0,10 Par Value

Activity:

Specialty Chemicals

 

 

BANKS

 

Name of the Bank

Wells Fargo Bank

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

This is a chemical company that includes three chemical markets:

- The Agricultural Products segment develops, markets, and sells a portfolio of crop protection, pest control, and lawn and garden products.

 

-The Specialty Chemicals segment produces microcrystalline cellulose.

 

-The Industrial Chemicals segment that produces soda ash for glass, chemicals, and detergents

Products/Services description:

 

Insecticides, herbicides, carrageenan, peroxygens, chemical processing, detergents, antimicrobial disinfectants, environmental applications, electronics, polymers; and phosphorus chemicals.

Among others.

Sales are:

 

Wholesale

Clients:

 

Insecticides companies

Pharmacies

And other related industries.

Operations area:

 

National, International

The company imports from Worldwide

The company export to Worldwide

Trade References:

 

The person contacted refused to provide the names of their suppliers for us to check the trade references.

Competitors:

 

General Chemical

The Dow Chemical Company

E I Du Pont De Nemours And Company

Monsanto Company

7.Zep Inc

Comments on staff:

 

The company has 4,900 employees at group level.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at the above operative address. The legal address is the one registered at the Secretary of State of Delaware and is that of the registered agent.

The property is:

 

Owned

Comments on location:

 

The company is incoporated in Delaware for tax purposes, However it is headquartered in Pennsylvannia

Branches:

 

The company has twenty branches inside US. including:

 

516 West Shaw Avenue Suite 200, Fresno 93704

1735 Market Street Philadelphia, Pennsylvania 19103.

Seven LakePointe Plaza 2801 Yorkmont Road, Suite 300 Charlotte, North Carolina 28208.

78 Sawyer Avenue  P.O.Box 845 Tonawanda, New York 14150.

Among others.

 

The company also has different location worldwide.

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

YES

Management:

 

Chairman, President, and CEO: Pierre Brondeau

Managing Director: Richard Svoboda

SVP and CFO: W. Kim Foster



Financials - COMMERCIAL TRENDS AND FORECAST

 

The subject is a public company traded at the stock exchange NYSE under ticker symbol "FMC". Please find enclosed the financial statements.

Legal Fillings

 There are 900 UCC** files listed with the Secretary of State of Delaware including:

 

 

Filing Number:  2011 0280597

Filing Date:  01-25-2011

Secured Party:  RAYMOND LEASING CORPORATION  Secured Party Address:  PO BOX 130

GREENE  NY   13778- 0130

Debtor:  FMC CORPORATION

 

 

Filing Number:  2010 4087122

Filing Date:  11-19-2010

Secured Party:  JOY TECHNOLOGIES INC.

Secured Party Address:  177 THORN HILL RD WARRENDALE  PA   15086- 7527

Debtor:  FMC CORPORATION

 

 

Filing Number:  2010070704237

Filing Date:  07-06-2010

Secured Party:  RICOH AMERICAS CORP

Secured Party Address:  1111 OLD EAGLE SCHOOL RD WAYNE  PA   19087- 1453

Debtor:  FMC CORPORATION

 

 

Filing Number:  49-272556 

Filing Date:  02-01-2010

Secured Party:  DOOSAN GLOBAL FINANCE

Secured Party Address:  1111 OLD EAGLE SCHOOL RD WAYNE  PA   19087- 1453

Debtor:  FMC CORPORATION

 

 

Filing Number:  2009 3438733

Filing Date:  10-19-2009

Secured Party:  DE LAGE LANDEN FINANCIAL SERVICES, INC.

Secured Party Address:  1111 OLD EAGLE SCHOOL RD WAYNE  PA   19087- 1453

Debtor:  FMC CORPORATION

 

There are 19 law suits against the company between the years 2009 and 2010 including:

 

 

Cloverleaf Golf Course, Inc. v. FMC Corporation

Filed: March 11, 2011 as 3:2011cv00190 Updated: March 11, 2011 21:03:14

Plaintiff: Cloverleaf Golf Course, Inc.

Defendant: FMC Corporation

Presiding Judge: David R. Herndon

Referring Judge: Stephen C. Williams

Cause Of Action: Patent Infringement

 

 

AGSAVER LLC v. FMC CORPORATION

Filed: February 9, 2011 as 2:2011cv00997 Updated: February 10, 2011 22:23:57

Plaintiff: AGSAVER LLC

Defendant: FMC CORPORATION

Presiding Judge: RONALD L. BUCKWALTER

Cause Of Action: Fed. Question

 

 

OLLIE ANNA EMANUELL v. BUFFALO PUMPS, INC. et al

Filed: February 7, 2011 as 2:2011cv62394 Updated: February 10, 2011 22:31:53

Plaintiff: OLLIE ANNA EMANUELL

Defendants: BUFFALO PUMPS, INC. , CBS CORPORATION , CRANE COMPANY, INC., ELLIOTT COMPANY , FMC CORPORATION  and others

Cause Of Action: Diversity-Asbestos Litigation

 

 

Genevieve Schroeder et al v. A.W. Chesterton Company

Filed: January 25, 2011 as 2:2011cv00738 Updated: February 22, 2011 05:33:36

Plaintiffs: Craig Schroeder, Genevieve Schroeder and Keith SchroederDefendants: A.W. Chesterton Company, DOES, Flowserve, FMC Corporation, General Electric Company and othersPresiding Judge: Manuel L. Real

Referring Judge: Victor B. Kenton

 

 

THOMAS et al v. AIR & LIQUID SYSTEMS CORPORATION et al

Filed: January 20, 2011 as 2:2011cv60073 Updated: February 17, 2011 22:14:59

Plaintiffs: RONALD BRUCE THOMAS  and SANDRA HINSON THOMAS

Defendants: AIR & LIQUID SYSTEMS CORPORATION , BLACKMER PUMP, CRANE CO. , FLOWSERVE CORPORATION, INC., FMC CORPORATION  and others

Presiding Judge: EDUARDO C. ROBRENO

Cause Of Action: Diversity-Asbestos Litigation

 

 

The last annual report was filed on February 22nd, 2011.

 

 

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 company has been in business for 128 years.

It is a large sized American company, evolving in a growing sector.

Profitability is good, indebtedness is controlled, cash is normal and payments are regular.

There was an increase on a 10 % on the revenue compared to the year 2009.

There were 19 law suits found against the company between the years 2009 and 2010.

 

The company is in good standing but considering the several lawsuits against the company, a credit line may be considered for 1,500,000 USD.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

GOOD

Public Records

YES

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Comments

 

We've contacted the company; however we never got to speak with a representative. Our agent left a voice mail but we didn't get an answer yet.

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.77

UK Pound

1

Rs.73.45

Euro

1

Rs.64.55

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.