MIRA
INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Name : |
CELANESE ACETATE LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.09.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The company produces cellulose acetate 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 : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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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Legal Name: |
Celanese Acetate LLC |
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Trade Name: |
Celanese Acetate |
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Legal Address |
(Registered Agent Adress) |
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Operative Address |
1601 West LBJ Freeway |
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Telephone: |
+1-972-443-4000 |
ID : |
2794994 |
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Fax: |
+1-972-443-4000 |
Legal Form: |
Limited Liability Company |
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Email: |
info@celanese.com |
Registered in: |
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Website: |
http://www.celanese.com |
Date Created: |
NA |
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Manager: |
David Weidman, President, and CEO |
Date Incorporated: |
September 10,1997 |
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Staff: |
800 |
Stock: |
853,855 Shares |
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Value: |
NA |
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Activity: |
The company produces cellulose acetate products. |
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BANKS
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Name of the Bank |
DEUTSCHE BANK GA |
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Location |
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BUSINESS
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HISTORY |
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This company was incorporated in the state of |
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PRINCIPAL ACTIVITY |
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The company manufactures cellulose acetate products used in filtering,
film applications and other industrial uses. |
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Sales are: |
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Wholesale |
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Clients: |
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Various Industries |
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Suppliers: |
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Poly One Distribution Osterman & Company M. Holland Company |
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Operations area: |
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National, International, Local |
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The company export to Worldwide, depending on the demand |
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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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The subject employs 800 employee(s) |
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Comments on staff: |
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The company has 800 employees at group level. |
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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 headquarted at 1601 West LBJ Freeway |
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The property is: |
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Owned |
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Comments on location: |
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The company is incorpotrated in |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. It operates as a subsidiary of Celanese
Corp, which is a publicly traded company at NYSE under ticker symbol
"CE". |
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Management: |
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David Weidman, Chairman and CEO Steven Sterin, Senior Vice President and CF Doug Madden, Chief Operating Officer |
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 Mandy who refused to provide us any financial data
on grounds of confidentiality/without knowing the name of the inquiring
party. |
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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 (CONSOLIDATED FROM MOTHER COMPANY) |
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Turnover |
5,918,000,000 |
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Operating Income |
503,000 ,000 |
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Net Income |
377,000,000 |
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Current Assets |
2,668,000,000 |
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Fixed Assets |
5,613,000,000 |
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Net worth |
926,000,000 |
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Liabilities |
3,218,000,000 |
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The cash flow is |
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Legal Fillings |
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There are 18 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 ** 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 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 CORRECT credit rate. |
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Final Opinion |
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This company has been in business for
years, it has a staff of 800 employees which makes it a large sized
company. There were no legal filings found against the company or its legal
representatives. Therefor, a credit line may be considered for USD 500,000. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Position |
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Mandy |
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Comments |
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Mandy refused to provide any kind of information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.99 |
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1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.80 |
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.