MIRA
INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
FMC CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1883 |
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Com. Reg. No.: |
2038757 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Specialty Chemicals |
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 : |
1,500,000 USD. |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – 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: |
FMC CORPORATION |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (215) 299-6000 |
Registration Number : |
2038757 |
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Fax: |
+1 (215) 299-5998 |
Legal Form: |
Corporation for Profit |
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Email: |
N.A. |
Registered in: |
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Website: |
Date Created: |
1883 |
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Manager: |
Pierre R. Brondeau |
Date Incorporated: |
June 28th, 1984 |
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Staff: |
4,900 (At group level) |
Stock: |
71,485,844 |
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Value: |
$ 0,10 Par Value |
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Activity: |
Specialty Chemicals |
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BANKS
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Name of the Bank |
Wells Fargo Bank |
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BUSINESS
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PRINCIPAL ACTIVITY |
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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 |
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Products/Services description: |
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Insecticides, herbicides, carrageenan, peroxygens, chemical
processing, detergents, antimicrobial disinfectants, environmental applications,
electronics, polymers; and phosphorus chemicals. Among others. |
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Sales are: |
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Wholesale |
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Clients: |
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Insecticides companies Pharmacies And other related 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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General Chemical The Dow Chemical Company E I Du Pont De Nemours And Company Monsanto Company 7.Zep Inc |
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Comments on staff: |
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The company has 4,900 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 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. |
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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 incoporated in |
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Branches: |
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The company has twenty branches inside US. including: Seven LakePointe Plaza Among others. The company also has different location worldwide. |
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Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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YES |
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Management: |
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Chairman, President, and CEO: Pierre Brondeau Managing Director: Richard Svoboda SVP and CFO: W. Kim Foster |
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Financials - COMMERCIAL TRENDS AND FORECAST
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The subject is a public company traded at the stock exchange NYSE
under ticker symbol "FMC". Please find enclosed the financial
statements. |
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Legal Fillings |
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There are 900 UCC** files listed
with the Secretary of State of Filing Number: 2011 0280597 Filing Date: 01-25-2011 Secured Party: RAYMOND LEASING
CORPORATION Secured Party
Address: GREENE NY 13778- 0130 Debtor: FMC CORPORATION Filing Number: 2010 4087122 Filing Date: 11-19-2010 Secured Party: JOY TECHNOLOGIES
INC. Secured Party Address: Debtor: FMC CORPORATION Filing Number: 2010070704237 Filing Date: 07-06-2010 Secured Party: RICOH AMERICAS
CORP Secured Party Address: 1111 OLD
EAGLE SCHOOL RD 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 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 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 ** 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. 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 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. |
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SUMMARY
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Profitability |
GOOD |
Public Records |
YES |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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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. |
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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.44.73 |
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1 |
Rs.73.21 |
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Euro |
1 |
Rs.63.90 |
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.