MIRA INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
DUPONT PERFORMANCE ELASTOMERS SĀRL |
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Registered Office : |
Chemin du Pavillon 2, 1218 Le
Grand-Saconnex |
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Country : |
Switzerland |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.01.1996 |
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Com. Reg. No.: |
660.0.129.996-4 / 372513 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
manufacture of basic chemicals for agriculture,
nutrition, electronics, communications, safety and protection, home and
construction, transportation and apparel |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
|
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 : |
CHF 800'000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Switzerland |
a1 |
a1 |
|
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 |
Company name
DuPont Performance Elastomers Sārl
Operating address
Chemin du Pavillon 2
1218 Le Grand-Saconnex
Switzerland/CH
Telephone: 022
7175111
Fax: 022
7175109
Web
site: http://www.dupont.com
E-mail: info@dupont.com
VAT-No.: CHE108397581
Profile
Established: 1996
Line
of Business: Chemicals
Industry
Division: Manufacturing
Industry-code (NACE): 2014 Manufacture of other organic basic
chemicals
Import/Export: Export
Banks: unknown
Operational Figures
Coverage: Company
Figures: approximately
Employees: 74
Activity
The business activities includes the manufacture of basic chemicals for
agriculture, nutrition, electronics, communications, safety and protection,
home and construction, transportation and apparel.
Real Estate
Information on property ownership was not available.
Company Register
Company
No: 660.0.129.996-4 /
372513
Legal
form: Limited liability
company
Registration: 19.01.1996
Legal
status: active
Responsible
Register: Registre du commerce du
canton de Genčve
Auditor: PricewaterhouseCoopers
SA, Genčve
History: Date of Statutes:
15.04.2010
Entry Deleted Name
03.05.2010 DuPont
Performance Elastomers Sārl
03.05.2010 DuPont Performance Elastomers SA
Entry Deleted Legal domicile
active Le
Grand-Saconnex, Switzerland
Entry Deleted Address
active chemin
du Pavillon 2, 1218 Le Grand-Saconnex/GE, Switzerland/CH
Entry Deleted Capital
active LLC
Capital CHF 42'600'000, paidup CHF 42'600'000
Entry Deleted Capital Structure
15.04.2011 426'000
Participation shares of CHF 100.--
Entry Deleted Activity (original Language)
active Fabrication,
faire fabriquer, commerce, distribution et promotion de produits chimiques,
organiques, biologiques et industriels, en particulier d'élastomčres et
opérations commerciales ou industrielles ainsi que publicité s'y rapportant;
recherches dans le domaine des produits chimiques, organiques, biologiques et industriels
et en particulier dans le domaine des élastomčres; déposer, acquérir, vendre ou
exploiter, notamment sous forme de licences, tous brevets, modčles et dessins
industriels, savoir-faire, marques ou autres droits de propriété industrielle
et intellectuelle.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Liability/Obligations:
Prestations accessoires: Obligation de fournir des prestations accessoires,
droits de préférence, de préemption ou d'emption: pour les détails, voir les
statuts.
active Reports:
Communication aux associés: par lettre, téléfax ou email.
03.05.2010 Change
of Corporate Form: La société anonyme a été transformée en société ā
responsabilité limitée conformément au projet de transformation du 14.04.2010
et bilan au 31.12.2009, présentant des actifs de CHF 100'327'349 et des passifs
envers les tiers de CHF 53'189'407, contre attribution ā l'associée unique de
426'000 parts de CHF 100.
Management
Title Name
General
Manager Patrick
Schriber, Origin: Lucerne, Switzerland, Address: Tannay, Switzerland, single
signature
General
Manager Terrence
Vandeveld, Origin: Innertkirchen, Switzerland, Address: Chéserex, Switzerland,
single signature
Chairman
of the management Bjoern Hedlund ,
Origin: Sweden, Address: Fournex, Switzerland, single signature
Executive board
Title Name
Chief
Executive Officer Bjoern
Hedlund
Financial Data Dupont Group
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.12.2010 31.12.2009
Number of months: 12 12
Currency: mil.
USD mil. USD
Balance Sheet
Intangible fixed
assets 5'321.0 4'689.0
Tangible fixed
assets 11'339.0 11'094.0
Financial fixed
assets 1'041.0 1'014.0
other fixed assets 3'650.0 4'100.0
Fixed assets 21'351.0 20'897.0
Stocks 5'967.0 5'380.0
Trade accounts
receivable 4'343.0 3'932.0
Liquid assets 4'263.0 4'021.0
Securities 2'538.0 2'116.0
other trade
accounts 1'826.0 1'710.0
Accruals 122.0 129.0
Other current
assets 8'749.0 7'976.0
Current assets 19'059.0 17'288.0
Total assets 40'410.0 38'185.0
Capital 9'765.0 9'003.0
Other shareholders
funds -487.0 -1'788.0
Total shareholders
equity 9'278.0 7'215.0
Minority interests 465.0 436.0
long term debt
(financial debts) 10'137.0 9'528.0
Other non current
liabilities 11'141.0 11'616.0
Non current
liabilities 21'278.0 21'144.0
short term debt
(financial debts) 133.0 1'506.0
Trade accounts
payable 3'795.0 3'020.0
other accounts
payable 5'461.0 4'864.0
other current
liabilities 5'461.0 4'864.0
Current
liabilities 9'389.0 9'390.0
Shareh. equity,
min. interests + liabilities 40'410.0 38'185.0
Profit and loss
account
Sales 31'505.0 26'109.0
Net sales 31'505.0 26'109.0
Other operating
revenue 790.0 1'222.0
Operating revenue 32'295.0 27'331.0
Cost of goods sold 23'146.0 19'708.0
Gross profit 9'149.0 7'623.0
Other operating
expenses 5'320.0 5'028.0
Operating result 3'829.0 2'595.0
Interest revenues 93.0 91.0
other financial
revenues 392.0 111.0
Financial income 485.0 202.0
Interest expenses 590.0 408.0
other financial
expenses 13.0 205.0
Financial expenses 603.0 613.0
Financial result -118.0 -411.0
Result before
extraordinary items 3'711.0 2'184.0
Extraordinary
Result 0.0 0.0
Result before
taxes 3'711.0 2'184.0
Taxes 659.0 415.0
Result before
minority interests 3'052.0 1'769.0
minority interests 21.0 14.0
Result for the
financial year 3'031.0 1'755.0
Cash flow
Depreciation 1'204.0 1'251.0
Cash flow 4'256.0 3'020.0
Cash flow from
operating activities 4'559.0 4'741.0
Investments in
tangible fixed assets 1'508.0 1'308.0
Cash flow from
investing activities -2'439.0 -4'298.0
Cash flow from
financing activities -1'829.0 -97.0
Others -49.0 30.0
Change in
liquidity 242.0 376.0
Liquidity at
beginning of the year 4'021.0 3'645.0
Liquidity at end
ot the year 4'263.0 4'021.0
Notes
Research and
Development 1'651.0 1'378.0
Added value 5'505.0 3'843.0
Working Capital 6'515.0 6'292.0
Gross cost land
and buildings 6'583.0 6'106.0
Gross cost other
tangible fixed assets 23'384.0 22'809.0
Gross cost total 29'967.0 28'915.0
Ultimate Parent Company
Name: E.I. du Pont de
Nemours and Company
City/Country: Wilmington, United States of
America/US
Owner/-s
No.
of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Name: DuPont de Nemours
International Sārl
City/Country: Le Grand-Saconnex,
Switzerland/CH
Capital
share: CHF 42'600'000.--
Interest: 100.00% voting right,
100.00% capital interest
Sisters
Name: Du Pont de Nemours
Immobiličre SA
City/Country: Le Grand-Saconnex,
Switzerland/CH
Name: Du Pont Products SA
City/Country: Le Grand-Saconnex,
Switzerland/CH
Name: INVISTA Products SA
City/Country: Le Grand-Saconnex,
Switzerland/CH
Investments
It is believed that the company has no investments.
Legal Actions
Control date Year No. Amount CHF Status
16.09.2009 2009 0
16.09.2009 2008 0
16.09.2009 2007 0
An updated legal action check is only
available against proof of interest. e.g. a copy of an enquiry letter, and
order or invoice relating to the subject company.
Credit Information
Financial
Statements: The company does not
disclose any financial statements. Third parties are not permitted any insight
into the financial affairs. It is therefore difficult to make a proper
assessment of the actual situation.
Financial
Situation: The financial situation
is in order.
Payment
experiences: Payments are made with
arranged conditions.
Maximum
Credit: CHF 800'000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
|
UK Pound |
1 |
Rs.79.88 |
|
Euro |
1 |
Rs.68.64 |
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 |
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NB |
New Business |
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This score serves as a reference to assess SCs 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.