MIRA INFORM REPORT

 

 

Report Date :

11.11.2013

 

IDENTIFICATION DETAILS

 

Name :

ATMI INC

 

 

Registered Office :

7 Commerce Drive Danbury, CT 06810

 

 

Country :

United States

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

09.04.1997

 

 

Legal Form :

Public Parent

 

 

Line of Business :

·            Supplier of materials, materials packaging and materials delivery systems

·            Manufacture of microelectronics devices

 

 

No. of Employees :

817

 

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

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

UNITED STATES - ECONOMIC OVERVIEW

 

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments

Source : CIA


Company name and address

 

ATMI INC

 

 

 

7 Commerce Drive

 

 

Danbury, CT 06810

United States

 

Map

 

Tel:

203-794-1100

Fax:

203-794-1100

Toll Free:

(800) 766-2681

 

 

 

Employees:

817

Company Type:

Public Parent

Corporate Family:

15 Companies

Traded:

NASDAQ:

ATMI

Incorporation Date:

07-Apr-1997

Auditor:

Ernst & Young LLP

Credit Rating:

A+ (100)

 

 

Fiscal Year End:

31-Dec-2012

Reporting Currency:

US Dollar

Annual Sales:

407.4  1

Net Income:

42.3

Total Assets:

599.2  2

Market Value:

893.9

 

(18-Oct-2013)

 

 

Business Description     

 

ATMI, Inc. (ATMI) is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices. The Company’s products consist of front-end semiconductor performance materials, sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment, and materials packaging and dispensing systems. ATMI’s customers include semiconductor manufacturers in the world who target technologies. ATMI’s semiconductor business tracks semiconductor wafer starts. For the six months ended 30 June 2013, ATMI Inc revenues increased 1% to $201.4M. Net income increased 17% to $17.9M. Revenues reflect Microelectronics segment increase of 88% to $177.5M, Life Sciences segment increase from $11.2M to $23.2M, Corporate/Other segment increase from $227K to $665K. Net income benefited from Microelectronics segment income increase of 72% to $52.2M.

   

Industry                                                     

 

Industry

Semiconductor and Other Electronic Component Manufacturing

ANZSIC 2006:

2429 - Other Electronic Equipment Manufacturing

ISIC Rev 4:

2610 - Manufacture of electronic components and boards

NACE Rev 2:

2611 - Manufacture of electronic components

NAICS 2012:

334413 - Semiconductor and Related Device Manufacturing

UK SIC 2007:

2611 - Manufacture of electronic components

US SIC 1987:

3674 - Semiconductors and Related Devices

 

 

Key Executives   (Emails Available)

       

Name

Title

Douglas A. Neugold

Chairman of the Board, President, Chief Executive Officer

Timothy C. Carlson

Chief Financial Officer, Executive Vice President, Treasurer

Daniel P. Sharkey

Executive Vice President - Business Development

Paul J. Hohlstein

Senior Vice President - Supply Chain and Operations

Lawrence H. Dubois

Senior Vice President, Chief Technology Officer

 

Significant Developments  

 

Topic

#*

Most Recent Headline

Date

Strategic Combinations

1

ATMI Inc And Finesse Solutions, Inc Sign Distribution Agreement For Turnkey Bioreactor Systems

16-Apr-2013

 

 

News   

 

Title

Date

Orgenesis Establishes Belgium Subsidiary for Manufacturing Process Development of Clinical Grade Cel
Yahoo! Finance (623 Words)

5-Nov-2013

Orgenesis Establishes Belgium Subsidiary for Manufacturing Process Development of Clinical Grade Cel Marketwired
Yahoo! Finance (623 Words)

5-Nov-2013

Orgenesis Establishes Belgium Subsidiary for Manufacturing Process Development of Clinical Grade Cel
Yahoo! Finance (623 Words)

5-Nov-2013

Orgenesis Establishes Belgium Subsidiary for Manufacturing Process Development of Clinical Grade Cells
Market Wire (801 Words)

5-Nov-2013

Bioreactor probe connection system
U.S. Patents (174 Words)

4-Nov-2013

NeoStem, Inc. Subsidiary Progenitor Cell Therapy Announces Cell Therapy Manufacturing Collaboration With ATMI
BioSpace (71 Words)

4-Nov-2013

                                                                      


Financial Summary    

 

As of 30-Jun-2013

Key Ratios

Company

Industry

Current Ratio (MRQ)

5.29

3.90

Quick Ratio (MRQ)

3.72

3.02

Debt to Equity (MRQ)

0.0000

0.21

Sales 5 Year Growth

2.28

11.04

Net Profit Margin (TTM) %

10.95

19.30

Return on Assets (TTM) %

7.94

15.21

Return on Equity (TTM) %

9.18

21.72

 

Stock Snapshot    

 

Traded: NASDAQ: ATMI

 

As of 18-Oct-2013

   Financials in: USD

Recent Price

28.02

 

EPS

1.33

52 Week High

28.41

 

Price/Sales

2.19

52 Week Low

17.59

 

Price/Earnings

16.81

Avg. Volume (mil)

0.13

 

Price/Book

1.77

Market Value (mil)

893.88

 

Beta

1.25

 

Price % Change

Rel S&P 500%

4 Week

4.59%

2.52%

13 Week

3.39%

0.28%

52 Week

52.28%

27.22%

Year to Date

34.20%

9.71%

 

 

 

ABI Number: 477537682

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1


2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 


Corporate Overview

 

ATMI Inc

 

Location
7 Commerce Drive
Danbury, CT, 06810

Fairfield County
United States

 

Tel:

203-794-1100

Fax:

203-794-1100

Toll Free Tel:

(800) 766-2681

 

www.atmi.com

Quote Symbol - Exchange

ATMI - NASDAQ

Sales USD(mil):

407.4

Assets USD(mil):

599.2

Employees:

817

Fiscal Year End:

31-Dec-2012

 

Industry:

Semiconductors

Incorporation Date:

07-Apr-1997

Company Type:

Public Parent

Quoted Status:

Quoted

 

Chairman of the Board, President, Chief Executive Officer:

Douglas A. Neugold

 

Industry Codes

 

ANZSIC 2006 Codes:

2429

-

Other Electronic Equipment Manufacturing

2499

-

Other Machinery and Equipment Manufacturing Not Elsewhere Classified

2412

-

Medical and Surgical Equipment Manufacturing

 

ISIC Rev 4 Codes:

2610

-

Manufacture of electronic components and boards

3250

-

Manufacture of medical and dental instruments and supplies

2819

-

Manufacture of other general-purpose machinery

 

NACE Rev 2 Codes:

2611

-

Manufacture of electronic components

3250

-

Manufacture of medical and dental instruments and supplies

2829

-

Manufacture of other general-purpose machinery n.e.c.

 

NAICS 2012 Codes:

334413

-

Semiconductor and Related Device Manufacturing

339113

-

Surgical Appliance and Supplies Manufacturing

334510

-

Electromedical and Electrotherapeutic Apparatus Manufacturing

333999

-

All Other Miscellaneous General Purpose Machinery Manufacturing

 

US SIC 1987:

3674

-

Semiconductors and Related Devices

3842

-

Orthopedic, Prosthetic, and Surgical Appliances and Supplies

3569

-

General Industrial Machinery and Equipment, Not Elsewhere Classified

3845

-

Electromedical and Electrotherapeutic Apparatus

 

UK SIC 2007:

2611

-

Manufacture of electronic components

3250

-

Manufacture of medical and dental instruments and supplies

2829

-

Manufacture of other general-purpose machinery n.e.c.

 

Business Description

ATMI, Inc. (ATMI), incorporated in 1997, is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices. The Company’s products consist of front-end semiconductor performance materials, sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment, and materials packaging and dispensing systems. ATMI’s customers include semiconductor manufacturers in the world who target technologies. ATMI’s semiconductor business tracks semiconductor wafer starts.

Microelectronics Products and Processes

Products serving the integrated circuit (IC) fabrication market represent the largest portion of ATMI’s business and development activities. ATMI’s SDS solutions use a gas cylinder containing an adsorbent material. The cylinder is filled with gas under conditions, such that the gas is adsorbed onto the adsorbent material at sub-atmospheric pressure. ATMI’s SDS solutions use a gas cylinder containing an adsorbent material. In addition, SDS products allow more process gas to be stored in the cylinder. Materials packaged in SDS systems include primarily arsine, phosphine, and boron trifluoride. The third generation of SDS products, called SDS3, maintains all the inherent safety features of previous generation SDS products, but increases the gas storage capacity by using a new adsorbent.

The Company’s copper electroplating materials and processes in semiconductor development and manufacturing with its Viaform product, include inorganic and organic molecules that provide the wiring for copper interconnects allowing manufacturers to eliminate processing steps. ATMI also focuses on the total copper integration scheme with post-chemical mechanical planarization (CMP) cleaning solutions developed using its high-productivity development (HPD) capability.

The processes for depositing thin films, such as chemical vapor deposition (CVD) and atomic layer deposition (ALD) processes that are enabled by advanced liquid, gaseous and solid precursors. ATMI markets its UltraPur materials for pre-metal dielectric, dielectric and barrier applications. ATMI forms ProE-Vap ampoule. This container allows for reliable delivery of solid precursors required for processes. ATMI has adopted the carbon adsorption technology used in sodium dodecyl sulfate (SDS) and products for semiconductor deposition processes marketed under the SAGE brand. These applications include: low-k plasma-enhanced deposition (PE-CVD), processes using low-k materials, pre-metal dielectric high-density plasma (HDP-CVD), and films using phosphine gases and thermal deposition processes using germane gases. ATMI’s ST and AP photoresist strip cleaning materials are chemistries used for applications such as semiconductor post-etch residue removal, wafer etching, organics removal, negative resist removal, edge bead removal, and corrosion prevention.

ATMI’s NOWPak liner technologies and container assemblies form the basis for its liquid materials packaging and dispensing system product portfolio for applications in IC fabrication and flat-panel display. This product line includes the Bag-in-a-Bottle and Bag-in-a-Can container systems which have their own companion dispense connection systems. Each package features a pre-cleaned collapsible inner liner, or bag, inside a rugged, high-density polyethylene overpack. The standard liner films are made of polytetrafluoroethylene and other polymers, which allow chemicals to be delivered to the manufacturing process.

Life Sciences Products

ATMI is addressing a range of critical materials handling needs for the life sciences markets. Other markets for its purity materials handling and dispensing systems include the biotechnology, laboratory and cell therapy markets. The solutions delivered to its customers consist of a hardware system, which is compatible with a one-time use mixing bag container; the technology delivers particle-free mixing and is scalable to an industrial scale. ATMI mixing technology is used for preparing buffers and media solutions for feeding the cell culture and chromatography applications, but also other process steps like virus inactivation and final-fill solutions.

The Company competes with Air Products and Chemicals, DuPont Electronic Technologies, Dow Chemical Company, BASF, Air Liquide, Praxair, Inc., Sartorius Stedim Biotech S.A., Thermo Scientific HyClone, Merck Millipore, and Xcellerex

 

More Business Descriptions

ATMI, Inc. (ATMI) is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices. The Company’s products consist of front-end semiconductor performance materials, sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment, and materials packaging and dispensing systems. ATMI’s customers include semiconductor manufacturers in the world who target technologies. ATMI’s semiconductor business tracks semiconductor wafer starts. For the six months ended 30 June 2013, ATMI Inc revenues increased 1% to $201.4M. Net income increased 17% to $17.9M. Revenues reflect Microelectronics segment increase of 88% to $177.5M, Life Sciences segment increase from $11.2M to $23.2M, Corporate/Other segment increase from $227K to $665K. Net income benefited from Microelectronics segment income increase of 72% to $52.2M.

 

Semiconductor Materials & Packaging Products Mfr

 

Establishments primarily engaged in the wholesale distribution of electrical power equipment for the generation, transmission, distribution, or control of electric energy; electrical construction materials for outside power transmission lines and for electrical systems; and electric light fixtures and bulbs.

 

ATMI, Inc. (ATMI) supplies high performance materials, materials packaging, and materials delivery systems used in the manufacture of microelectronics devices around the world. In addition, the company offers applications and analytical support services associated with each of its product categories. It offers its products and services to three principal markets such as IC fabrication, flat-panel displays, and life sciences. ATMI operates its business through two reportable operating segments, namely, Microelectronics and LifeSciences.The company’s Microelectronics business unit sells high-purity materials and materials delivery systems directly to integrated circuit manufacturers and to chemical suppliers for flat-panel display manufacturing. Its Microelectronics products include ATMI’s patented Safe Delivery Source® (“SDS”) solutions, copper integration and surface preparation products, deposition materials and high-purity liquid materials packaging solutions. For the fiscal year ended 2012, ATMI’s Microelectronics segment reported revenue of USD 365.5m, reflecting an increase of 4% over revenue in the year 2011. The segment contributed 89.71% to the company’s total revenue in 2012. Its LifeSciences business unit sells products that address an increasing number of critical process steps for the biotechnology, laboratory and cell therapy markets, including disposable mixers and bioreactors. This unit includes its Newform products and Integrity mixers, bioreactors and bioprocess vessels. For the fiscal year ended 2012, ATMI’s LifeSciences segment reported revenue of USD 41.93m, reflecting an increase of 8.7% over revenue in the year 2011. The segment contributed 10.29% to the company’s total revenue in 2012.It manufactures its products at its manufacturing facilities located across the world. ATMI has five manufacturing facilities across the US, Asia Pacific, and Europe. The facility located at Anseong (South Korea) manufactures liquid materials, while the one located in Hoegaarden (Belgium) is into manufacturing high-purity materials packaging and mixing systems. The facilities located in Burnet (Texas, US), Bloomington (Minnesota, US), and Danbury (Connecticut, US) manufacture liquid materials and delivery systems, high-purity materials packaging systems, and gas delivery systems and liquid materials respectively. The company has a contract manufacturer which manufactures and distributes its SDS products.Its research and development (R&D) activities are aimed at improving existing products and also introducing new products. As part of its R&D efforts, ATMI takes part in joint development programs with semiconductor manufacturers, advanced technology developers, and original equipment manufacturers (OEMs). The company has alliances with Matheson Tri-Gas, Inc. (Matheson) and Enthone, Inc. (Enthone), a subsidiary of Cookson Electronics. A significant number of its strategic alliances are with semiconductor manufacturers or OEMs, which help improve its core technology base. ATMIâ€s R&D expenses for the fiscal year 2012 represented 13.5% of the total revenue of the company.The company sells and distributes its products using a direct global sales and service organization. Its products are marketed and sold to end-use customers, chemical suppliers, and OEMs with the help of its direct sales channel in North America, Europe, Taiwan, South Korea, Japan, China, and Singapore. The life sciences materials handling products offered by ATMI are sold directly to semiconductor and life sciences companies. Also, the company’s SDS products for ion implant applications are sold through Matheson Tri-Gas, Inc. (Matheson), with which ATMI has a distribution agreement.Its key subsidiaries include AATMI Ecosys Corporation, Advanced Delivery & Chemical Systems Nevada, Inc., Advanced Delivery & Chemical Systems Holdings, LLC, ATMI Materials, Ltd., ATMI Korea Co., Ltd. and ATMI International Holdings, Inc., among others.Geographically, ATMI operates in seven regions, namely, the US, Taiwan, Japan, South Korea, Other Pacific Region, Belgium, and Europe and other. For the fiscal year ended December 2012, Taiwan accounted for 24.6% of the total revenue of the company followed by South Korea with 21%, the US with 19%, Japan with 11.9%, Other Pacific Region with 11.8%, Europe and Other with 10.8%, and Belgium with 0.9%.

 

ATMI, Inc. (ATMI) is in the business of supplying high performance materials, materials packaging, and materials delivery systems. The products and services offered by the company have wide application in the manufacture of microelectronics devices which includes front-end semiconductor performance materials, sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment, high-purity materials packaging and dispensing systems that allow for the reliable introduction of low volatility liquids and solids to microelectronics and life sciences manufacturing processes. The target end-market of the company includes semiconductor and flat-panel display manufacturers, whose products, in turn, are used in the automotive, communication, consumer, and IT industries. ATMI caters its offerings principally to three markets, namely, IC fabrication, flat-panel displays, and life sciences. The company is headquartered in Connecticut, the US.The company reported revenues of (U.S. Dollars) USD 407.43 million during the fiscal year ended December 2012, an increase of 4.45% over 2011. The operating profit of the company was USD 59.08 million during the fiscal year 2012, whereas the company reported an operating loss of USD 38.49 million during 2011. The net profit of the company was USD 42.33 million during the fiscal year 2012, whereas the company reported a net loss of USD 20.02 million during 2011.

 

ATMI Inc. provides specialty semiconductor materials and high-purity materials handling and delivery solutions designed to increase process efficiencies for the worldwide semiconductor flat panel and life sciences industries.

 

ATMI makes materials and materials packaging for semiconductor and flat panel manufacturers around the world. It has its corporate headquarters in Danbury, Conn., and has offices and facilities throughout the United States, as well as in Asia and Europe. Established in 1986, its customers are leading chipmakers and flat panel manufacturers. The company works closely with these customers, as well as with original equipment manufacturers, to create solutions targeted to their particular needs, such as the semiconductor transition from aluminum to copper. ATMI's solutions increase yields, speed new products to market, reduce capital expenditures and costs of ownership, and mitigate risks.

 

 

 

 

 

 

Product Codes

Product Code

Product Description

AUT-AS-M

Dispensing equipment

AUT-MH-PC

Container systems

CHE-RE

Source reagents

ENV-TR-ACP

Air purification equipment

MAN-EP-A

Thin film deposition equipment

MAN-EP-A

Silicon epitaxy wafers

MAT-SV-R

Advanced materials research and development services

MAT-SV-R

Semiconductor materials research and development services

SUB-SE-H

High performance hybrid semiconductors

SUB-SE-IZ

gallium nitride semiconductors

SUB-SV-R

Semiconductor material research and development services

TAM-SC-LS

Gas scrubbers

ZZZ-HC

Holding Company

 

 

 

 

Brand/Trade Names

Cdo - Gas machinery

 

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

407.4

Net Income:

42.3

Assets:

599.2

Long Term Debt:

0.0

 

Total Liabilities:

91.9

 

Working Capital:

0.3

 

 

 

Date of Financial Data:

31-Dec-2012

 

1 Year Growth

4.4%

NA

16.6%

Description: Z:\web\images\arrows\externalright.gif 

Market Data

Quote Symbol:

ATMI

Exchange:

NASDAQ

Currency:

USD

Stock Price:

28.0

Stock Price Date:

10-18-2013

52 Week Price Change %:

52.3

Market Value (mil):

893,883.2

 

SEDOL:

2116273

ISIN:

US00207R1014

 

Equity and Dept Distribution:

Common Stock $.01 Par, 03/11, 100M auth., 39,833,000 issd. less 8,187,000 shs. in Treas. @ $231M. Insiders own 1.56%. IPO 11/93, 1.75M shares @ $7 by Needham & Co. PO: 3/00, 2.8M shs. (1.5M by Co.) @ $45 by Goldman.*10/97, name changed from Advanced Technology Materials.

 

 

Key Corporate Relationships

Auditor:

Ernst & Young LLP

 

Auditor:

Ernst & Young LLP

 

 

 

 

 

 

 

Additional Infomation

ABI Number:

477537682

 

 

 

 

 

Partnerships

, has entered into a process development (PD) agreement with ATMI, Inc.Pursuant to the PD agreement, ATMI will supply Orgenesis with a complete disposable manufacturing process for the expansion of a patient's liver cells outside of the body, an important step in enabling the company's therapeutic technology dedicated to converting a patient's own liver cells into functioning insulin-producing cells as a treatment for diabetes. Sav DiPasquale, CEO of Orgenesis, said, "We believe the groundbreaking Integrity® Xpansion® technology from ATMI will allow us to produce a sufficient amount of AIP (Autologous Insulin Producing) cells for transplantation back to the patient’s liver in a highly efficient and cost-effective manner. We look forward to building a successful relationship with ATMI, another very strong collaboration partner for Orgenesis as we continue to work towards initiating clinical trials of our technology." Under its integrity product line, ATMI developed the Xpansion bioreactor - a compact, fully controlled and single-use system based on stacked plates, made from the same plastic material as multiple-tray stacks. Keeping the same environment for the cells enables easy and straightforward transfer from multiple-tray stacks process to Xpansion bioreactor.

 

Chris Lantman, director of commercial business development at SRI Physical Sciences Division, said, "SRI International and ATMI have validated a new approach to CO2 capture. It offers significant advantages compared to current systems. SRI International believes its collaboration with ATMI will bring an important solution to the marketplace." Laboratory, pilot and field tests conducted under the direction of Gopala Krishnan, associate director of SRI International's Materials Research Laboratory, revealed that BrightBlack carbon microbead adsorbents display exceptional physical adsorption characteristics for CO2, with high capacity and low regeneration energy. They also possess better chemical and mechanical stability in an SRI International process that features a recirculating adsorbent system with integrated CO2 adsorption and steam-stripping sections.

 

 

Credit report

 

 

Location

7 Commerce Dr
Danbury, CT 06810-4169
United States

 

County:

Fairfield

 

Phone:

203-794-1100

Fax:

203-792-8040

URL:

http://atmi.com

 

ABI©:

477537682

 

Annual Sales:

$407,433,000 (USD)

Employees:

817

 

Facility Size(ft2):

40,000+

Facility Own/Lease:

Lease

 

Business Type:

Public

Location Type:

Headquarter

 

Ticker:

ATMI

Exchange:

NASDAQ

Primary Line of Business:

SIC:

5063-49 - Semiconductor-Mfrs' Equip/Supls (Whls)

NAICS:

423610 - Electric Equip & Wiring Merchant Whols

Secondary Lines of Business:

NAICS:

453998 - Store Retailers Not Specified Elsewhere

 

423990 - All Other Durable Goods Merchant Whols

 

541613 - Marketing Consulting Svcs

 

517310 - Telecommunications Resellers

SICs:

4813-02 - Telecommunications Services

 

5099-01 - Exporters (Whls)

 

5999-19 - Chemicals-Retail

 

8742-13 - Marketing Programs & Services

 

9999-66 - Federal Government Contractors

 

 

Years in InfoUSA Database:

10+

 

 

 

 

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   * 

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Danbury, CT 06810-4131

 

 

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Corporate Structure News

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

ATMI Inc

Parent

Danbury, CT

United States

Semiconductor and Other Electronic Component Manufacturing

407.4

817

ATMI LifeSciences

Subsidiary

Hoegaarden

Belgium

Medical Equipment and Supplies

 

125

ATMI Packaging, Inc.

Subsidiary

Bloomington, MN

United States

Machinery and Equipment Manufacturing

 

100

ATMI Inc

Branch

Burnet, TX

United States

Semiconductor and Other Electronic Component Manufacturing

77.6

80

ATMI Taiwan Co. Ltd.

Subsidiary

Hsin-chu

Taiwan

Computer and Peripheral Equipment Manufacturing

 

60

ATMI Inc

Branch

Tempe, AZ

United States

Electronics Wholesale

64.4

50

ATMI Japan KK

Subsidiary

Tokyo

Japan

Computer and Peripheral Equipment Manufacturing

 

40

ATMI Korea Co. Ltd.

Subsidiary

Suwon, Gyeonggi-do

Korea, Republic of

Computer and Peripheral Equipment Manufacturing

 

17

ATMI PTE Ltd.

Subsidiary

Singapore

Singapore

Computer and Peripheral Equipment Manufacturing

 

13

ATMI Inc

Branch

Round Rock, TX

United States

Electronics Wholesale

9.6

7

ATMI GmbH

Subsidiary

Unterhaching, Bayern

Germany

Computer and Peripheral Equipment Manufacturing

 

5

ATMI International Holdings, Inc.

Subsidiary

Las Vegas, NV

United States

Investment Services

 

 

ATMI Taiwan Holdings, Inc.

Subsidiary

Las Vegas, NV

United States

Investment Services

 

 

ATMI International Trading Co. Ltd.

Subsidiary

Shanghai

China

Computer and Peripheral Equipment Manufacturing

 

 

ATMI Materials, Ltd.

Subsidiary

Burnet, TX

United States

Machinery and Equipment Manufacturing

 

 

 




Competitors Report

 

 

CompanyName

Location

Employees

Ownership

Air Liquide

Paris, France

50,000

Public

Air Products & Chemicals, Inc.

Allentown, Pennsylvania, United States

20,900

Public

BASF SE

Ludwigshafen Am Rhein, Germany

111,614

Public

Dow Chemical Co. Ltd.

Staines, United Kingdom

175

Private

E I Du Pont De Nemours And Co

Wilmington, Delaware, United States

70,000

Public

Merck KGaA

Darmstadt, Germany

38,311

Public

Praxair, Inc.

Danbury, Connecticut, United States

27,380

Public

Sartorius Stedim Biotech SA

Aubagne, France

2,994

Public

The Dow Chemical Company

Midland, Michigan, United States

52,714

Public

Xcellerex Inc

Marlborough, Massachusetts, United States

7

Private

 

 

Executives Report

Board of Directors

 

Name

Title

Function

 

Douglas A. Neugold

 

Chairman of the Board, President, Chief Executive Officer

Chairman

 

Biography:

Mr. Douglas A. Neugold is Chairman of the Board, President, Chief Executive Officer of ATMI, Inc. He has served as Chairman of the Board of the Company since January 1, 2011, as Chief Executive Officer since January 1, 2005, as a Director since August 2003, and as President since May 2000. Mr. Neugold also served as Chief Operating Officer from August 2003 to 2005. Prior to his appointment as President, he served as Executive Vice President of the Materials Division from February 1999, and Vice President of the SDS gas business from January 1998. Prior to joining the Company, Mr. Neugold served in a variety of executive and managerial positions with the Electronic Materials Division of Johnson Matthey plc, a specialty chemicals company, including Vice President, and later, President, of the Semiconductor Packages business and Director of Asian Operations. Mr. Neugold also serves as the Chairman of Semiconductor Equipment and Materials International (SEMI), the trade association serving the worldwide semiconductor equipment, materials and flat panel display industries, as well as various educational boards. Mr. Neugold has semiconductor industry experience and knowledge, and has been a manager and executive in global companies for over twenty years.

 

Age: 53

 

Education:

Clarkson University, BS

 

525,000

Compensation Currency: USD

 

Mark A. Adley

 

Lead Independent Director

Director/Board Member

 

 

Biography:

Mr. Mark A. Adley is Lead Independent Director of ATMI Inc. Since March 2002, Mr. Adley has been a Managing Director of Mergers & Acquisitions at Banc of America Securities LLC (now Bank of America Merrill Lynch), the investment banking subsidiary of Bank of America. From 1996 to 2001, Mr. Adley was a Managing Director at Credit Suisse First Boston Corporation, an investment banking firm. In addition to his knowledge of the Company, Mr. Adley has broad mergers and acquisitions experience and a wide-ranging background in finance and management.

 

Age: 52

 

Eugene G. Banucci

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Independent Director

Director/Board Member

 

 

Biography:

Dr. Eugene G. Banucci, Ph.D., is Independent Director of ATMI Inc. He is the founder of the Company, has served as a director since 1986, and as Chairman of the Board from 1986 through 2010. From 1986 until January 1, 2005, Dr. Banucci served as Chief Executive Officer, and as President from 1986 to April 2000. Since 2006, Dr. Banucci has served on the board of directors of Clean Harbors Corporation, a publicly-traded company in the environmental services business. From 2003 through February 2010, Dr. Banucci served on the board of directors of Zygo Corporation, a publicly-traded company that designs, develops and manufactures optical components and instruments for optics-intensive industries. As a founder of the Company, Dr. Banucci, who holds a Ph.D. in chemistry, has a comprehensive understanding of the Company and the industries it serves.

 

Age: 69

 

Education:

Wayne State University, PHD (Chemistry)
Beloit College, BA

 

 

Compensation Currency: USD

 

Social:

Robert S. Hillas

 

Director

Director/Board Member

 

 

Biography:

Robert Hillas has served as a director of the Company since 1987. Since January 2006 Mr. Hillas has served as Senior Advisor at Warburg Pincus LLC a private equity investing firm. From March 2005 to January 2006 Mr. Hillas was a Managing Director of Investment Banking at CIBC World Markets Corp. From April 1998 to March 2003 Mr. Hillas was the President Chief Executive Officer and Chairman of the Board of Envirogen Inc. an environmental systems and services company. Prior to April 1998 Mr. Hillas served as a Managing Director of E.M. Warburg Pincus & Co. LLC a venture banking and asset management firm.

 

Age: 63

 

Stephen Herbert Mahle

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Stephen H. Mahle is Independent Director of ATMI, Inc. Since September 2009, Mr. Mahle has been retired. From August 2007 through September 2009, Mr. Mahle served as Executive Vice President, Healthcare Policy and Regulatory, for Medtronic, Inc., a medical device manufacturer. From May 2004 to August 2007, Mr. Mahle was Executive Vice President of Medtronic and since January 1998, President of its Cardiac Rhythm Disease Management business. From 1998 to 2004, Mr. Mahle served as Senior Vice President of Medtronic. From 1995 to 1997, Mr. Mahle served as President of the Brady Pacing Business, a division of Medtronic, and prior to 1995, as Vice President and General Manager of the Brady Pacing Business. Since 2010, Mr. Mahle has served on the board of directors of EBR Systems, Inc., a privately-held company pursuing novel approaches to cardiac rhythm management. In November 2011, Mr. Mahle joined the board of Sphere Medical, Ltd., a medical device company in Cambridge, England. Mr. Mahle has broad experience as a senior executive at high-growth companies, including profit and loss responsibility for a $5 billion business and leadership of an organization of 12,000 employees. He has knowledge of the health care industry, including its regulatory framework, product quality requirements and product development issues, which are relevant to the expansion of the Company’s life sciences business.

 

Age: 66

 

Education:

Pennsylvania State University, M (Physics)
Beloit College, BS (Physics)

 

C. Douglas Marsh

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. C. Douglas Marsh is Independent Director of ATMI Inc. Since April 2004, Mr. Marsh has been retired. From July 1998 to April 2004, Mr. Marsh was the Vice President, Business Integration, U.S. Investor Relations of ASML Holding NV, a seller of photolithography equipment to the semiconductor industry. Prior to July 1998, Mr. Marsh served as Vice President, Worldwide Sales and President, U.S. Operations, of ASML Holding NV. From 2001 to 2011, Mr. Marsh served on the board of directors of MEMC Electronic Materials, Inc., a publicly-traded company that produces wafers for the semiconductor and solar industries. Mr. Marsh has experience in the semiconductor business, including in the sales, marketing, general management and product development areas.

 

Age: 66

 

George M. Scalise

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. George M. Scalise is Independent Director of ATMI, Inc. From 1997 to 2010, Mr. Scalise served as President of the Semiconductor Industry Association (SIA), the premier trade association representing the United States computer chip manufacturing industry on issues of trade, technology, environmental protection, and worker safety and health. Before joining SIA, Mr. Scalise was Executive Vice President and Chief Administrative Officer of Apple Computer, Inc. from 1996 to 1997. From 1991 to 1996, he served as Senior Vice President of Planning and Development and Chief Administrative Officer of National Semiconductor Corporation. Mr. Scalise served on the Board of Directors of the Federal Reserve Bank of San Francisco from 2000 to 2005, including as Chairman from 2003 to 2005. He also served on President George W. Bush’s Council of Advisors on Science and Technology from 2001 to 2009. Mr. Scalise currently serves as a director of Mindtree Ltd., a global information technology solutions company, and Cadence Design Systems, Inc., an electronic design automation software and engineering services company. In addition, Mr. Scalise serves as a director of Intermolecular, Inc. (“Intermolecular”), a company that provides high productivity combinatorial technology products and services for the semiconductor and clean energy sectors. The Company owns approximately 9% of the shares of Intermolecular, and has an ongoing commercial relationship with Intermolecular (which does not meet the threshold for disclosure under applicable regulations). Mr. Scalise recuses himself from any substantive Board of Director discussions that relate to Intermolecular. Mr. Scalise has knowledge of the semiconductor industry, as well as substantial experience as a director and senior executive of public companies in various industries.

 

Age: 79

 

Education:

Purdue University, BS (Mechanical Engineering)

 

Mark B. Segall

 

Board Member

Director/Board Member

 

 

Cheryl L. Shavers

 

Independent Director

Director/Board Member

 

 

Biography:

Dr. Cheryl L. Shavers, Ph.D., is Independent Director of ATMI, Inc. Since February 2001, Dr. Shavers has been the Chief Executive Officer of Global Smarts, Inc., a corporate investment and advisory services firm. She is also a director and member of the Technology and Nominating Committees of Rockwell Collins, Inc., a publicly-traded company providing communications and aviation electronics solutions. From 1999 to 2001, Dr. Shavers served as Under Secretary of Commerce for Technology at the U.S. Department of Commerce. Prior to 1999, Dr. Shavers held a variety of senior level positions at Intel Corporation, a designer and manufacturer of integrated circuits, most recently the Director of Emerging Technologies in the Microprocessor Sector Group at Intel Capital. Dr. Shavers holds a Ph.D. in chemistry and has substantial experience in the semiconductor and other technology dependent industries with companies such as Intel, Motorola and Hewlett Packard. She is also a professor at the Leavey School of Business at Santa Clara University. Her academic and professional experiences provide a unique perspective and skill set to the Board.

 

Age: 58

 

Education:

Arizona State University, PHD (Chemistry)
California Polytechnic State University, San Luis Obispo, M (Engineering Management)
Arizona State University, B (Chemistry)

 

 

Executives

 

Name

Title

Function

 

Douglas A. Neugold

 

Chairman of the Board, President, Chief Executive Officer

Chief Executive Officer

 

Biography:

Mr. Douglas A. Neugold is Chairman of the Board, President, Chief Executive Officer of ATMI, Inc. He has served as Chairman of the Board of the Company since January 1, 2011, as Chief Executive Officer since January 1, 2005, as a Director since August 2003, and as President since May 2000. Mr. Neugold also served as Chief Operating Officer from August 2003 to 2005. Prior to his appointment as President, he served as Executive Vice President of the Materials Division from February 1999, and Vice President of the SDS gas business from January 1998. Prior to joining the Company, Mr. Neugold served in a variety of executive and managerial positions with the Electronic Materials Division of Johnson Matthey plc, a specialty chemicals company, including Vice President, and later, President, of the Semiconductor Packages business and Director of Asian Operations. Mr. Neugold also serves as the Chairman of Semiconductor Equipment and Materials International (SEMI), the trade association serving the worldwide semiconductor equipment, materials and flat panel display industries, as well as various educational boards. Mr. Neugold has semiconductor industry experience and knowledge, and has been a manager and executive in global companies for over twenty years.

 

Age: 53

 

Education:

Clarkson University, BS

 

Compensation/Salary:$525,000

Compensation Currency: USD

 

Christian Kramer

 

Senior Vice President & General Manager, Microelectronics Business

Division Head Executive

 

 

Biography:

Mr. Christian Kramer has been appointed as Senior Vice President and General Manager - Microelectronics business of ATMI Inc. He has experience as a senior executive in the technology sector.

 

Mario Philips

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Senior Vice President and General Manager - LifeSciences

Division Head Executive

 

 

Biography:

Mr. Mario Philips is Senior Vice President and General Manager - LifeSciences of ATMI Inc. Mr. Philips joined ATMI in November 1999 as part of ATMI’s acquisition of MST Analytics, Inc., serving as European Sales Manager for ATMI Analytical Systems. From October 2000 to August 2003, Mr. Philips was Global Sales and Marketing Manager for ATMI Packaging, and from August 2003 to August 2004, he was General Manager of the ATMI Packaging solids packaging business. From August 2004 to March 2010, Mr. Philips served as the General Manager of ATMI LifeSciences.

 

Age: 42

 

Thomas Baum

 

Operations, Vice President

Senior Management (General)

 

 

Biography:

Tom Baum serves as vice president of research and development. He previously worked as an advisory scientist at IBM’s Almaden Research Center. Baum has a master’s degree in chemistry from the Polytechnic Institute of New York.

 

Education:

Columbia University, master's (Real Estate Development)
University of Illinois, undergraduate (Architecture)
Columbia University, MS

 

 

Tom Mcgowan

 

Business Development, Human Resources, Senior Vice President

Senior Management (General)

 

 

Biography:

Tom McGowan serves as vice president of human resources and organizational development. He previously worked as vice president of human resources for Anthem Blue Cross and USCO Logistics.

 

 

Steve Bilodeau

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Owner

Owner/Proprietor

 

 

Paul J. Hohlstein

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Senior Vice President - Supply Chain and Operations

Operations Executive

 

 

Biography:

Mr. Paul J. Hohlstein is Senior Vice President - Supply Chain and Operations of ATMI, Inc. Mr. Hohlstein joined ATMI in 2005, and served as Vice President of Supply Chain and Operations, Materials, until September 2007. Prior to joining ATMI, Mr. Hohlstein was Vice President and General Manager at Pemstar, Inc., a global electronics manufacturing service provider, from 2004 through 2005. Prior to that, Mr. Hohlstein served as Vice President, Operations of the Etch Product Group at Applied Materials, Inc., a semiconductor equipment and materials provider, and also as Vice President, Global Materials and Supply Chain Management, where he was responsible for overall operations and global management, from 2000 through 2003.

 

 

 

 

Joann Blanchard

 

Safety Manager

Environment/Safety Executive

 

 

Matthew Donatucci

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Environmental Heath, Safety and Facilities

Environment/Safety Executive

 

 

 

Timothy C. Carlson

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Chief Financial Officer, Executive Vice President, Treasurer

Finance Executive

 

 

Biography:

Mr. Timothy C. Carlson is Executive Vice President, Chief Financial Officer and Treasurer of ATMI, Inc. Prior to that, Mr. Carlson served as Senior Vice President and General Manager, Packaging, from March 2007 to September 2007. Previously, he was Senior Vice President, Business Development from 2005 to March 2007. Mr. Carlson joined ATMI as Vice President and Corporate Controller in 2000. Before joining ATMI, Mr. Carlson was with Campbell Soup Company, a global manufacturer of soup, beverage, confectionery and prepared food products, most recently as Finance Director for Campbell Australia and for Pepperidge Farm.

 

 

Kathie Wilson

View Email

Senior Credit Analyst

Finance Executive

 

 

David M Ward

 

Vice President, Controller & Principal Accounting Officer

Accounting Executive

 

 

Philip Allison

 

Tax Analyst

Corporate Tax Executive

 

 

Sharon Roma

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Payroll Manager

Benefits & Compensation Executive

 

 

Kelley Demasi

View Email

Human Resource Representative

Human Resources Executive

 

 

Dean Gifford

View Email

Human Resources

Human Resources Executive

 

 

Kellery Karrigan

View Email

Human Resources Generalist

Human Resources Executive

 

 

Teri Keels

 

Talent Acquisition

Human Resources Executive

 

 

Leigh Lavigne

View Email

Human Resources

Human Resources Executive

 

 

Kathleen G. Mincieli

View Email

Senior Vice President - Human Resources

Human Resources Executive

 

 

Biography:

Ms. Kathleen G. Mincieli is Senior Vice President - Human Resources of ATMI Inc. Ms. Mincieli joined ATMI in January 2002, and served as Human Resources Manager for recruiting and performance management until January 2003. From January 2003 to November 2008, Ms. Mincieli was Senior Director of Human Resources. She then served as Vice President, Human Resources from November 2008 to January 2010. Prior to joining ATMI, Ms. Mincieli served as Director of Human Resources for USCO Logistics Services, a division of Kuehne and Nagel, one of the world’s logistics companies.

 

Age: 57

 

 

Janel Pavlicek

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Human Resources Manager

Human Resources Executive

 

 

Jeannie Steele

View Email

Director, Global Recruiting

Human Resources Executive

 

 

Karen Vigneux

View Email

Human Resources Rep

Human Resources Executive

 

 

Stephen Curtis

 

Senior Vice President Sales

Sales Executive

 

 

Biography:

Steve is responsible for all of ATMIs customer-facing activities and its global sales and service organization. He joined ATMI in 2007 as Director of Marketing for the Materials business. He comes to ATMI after a distinguished career at NALCO where he led the activities to educate customers and execute NALCOs highly respected value-based selling model in various industries worldwide.

 

 

Tod Higinbotham

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Vice President Of Sales And Marketing

Sales Executive

 

 

Biography:

Tod leads ATMIs materials business throughout the world. He joined ATMI in 1999 as Vice-President of Sales and Marketing for the Epitaxial Services Division. In February of 2001 he transferred to the newly formed Material Lifecycle Solutions Division as Vice-President Sales and Service. In September 2003 the additional duties of Vice-President of Marketing were added to Tods responsibilities. He was appointed Senior Vice-President of ATMI and General Manager of the Materials division in November 2004. Before joining ATMI Tod worked for several years as Director of Sales and Marketing for Komatsus specialty silicon business unit. Prior to that he worked as a consultant leading business system reengineering projects for several high tech companies. Tod received his Bachelor of Science in Finance from Portland State University and an MBA from the University of Washington.

 

Education:

Portland State University, BS (Finance)
University of Washington, MBA

 

 

Santo Scarfone

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Sales & Marketing Manager

Sales Executive

 

 

Jeff Craig

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Global Director Bd & Marketing

International Executive

 

 

Catricia Mills

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Global Procurement Manager

International Executive

 

 

 

Lou Blanchard

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Director of Central Marketing

Marketing Executive

 

 

 

Karrie Bowen

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Marketing Director

Marketing Executive

 

 

 

Robert Kaim

 

Director, Marketing

Marketing Executive

 

 

Dean Hamilton

 

Corporate Communications Executive

Corporate Communications Executive

 

 

 

Troy Dewar

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Director - Investor Relations

Investor Relations Executive

 

 

Helen Dicesare

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Manager, Information Technology Support

Information Executive

 

 

 

James Hull

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Systems Engineer

Information Executive

 

 

Babu Kosanam

 

Senior Manager of Information Technologist

Information Executive

 

 

 

Kevin Laing

 

Chief Information Officer

Information Executive

 

 

Biography:

Kevin Laing serves as chief information officer. He previously worked as vice president and chief executive officer of XESystems. Laing has a master’s degree in business administration from the University of Bridgeport.

 

Education:

Southern Connecticut State University, BS (Accounting)
University of Bridgeport, MBA

 

 

Jatin Mohan

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Manager-Information Technology

Information Executive

 

 

 

Frank Perugini

 

Information Technology Manager

Information Executive

 

 

 

Patrick Reid

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Systems Engineer

Information Executive

 

 

Ron Stahl

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Systems Engineer

Information Executive

 

 

Marisa Denaro

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Web Developer

Network Management Executive

 

 

Don Wood

View Email

Network Engineer

Network Management Executive

 

 

Barry Chambers

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Applications Engineer

Engineering/Technical Executive

 

 

Barry Chen

View Email

Engineer

Engineering/Technical Executive

 

 

Joe Despres

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Product Engineer

Engineering/Technical Executive

 

 

Peter Dodson

View Email

Manuf Engineer

Engineering/Technical Executive

 

 

Kurt Dreesen

View Email

Engineer

Engineering/Technical Executive

 

 

Lawrence H. Dubois

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Senior Vice President, Chief Technology Officer

Engineering/Technical Executive

 

 

Biography:

Dr. Lawrence H. Dubois, Ph.D., is Senior Vice President and Chief Technology Officer of ATMI. Inc. Prior to joining ATMI, Dr. Dubois was Corporate Vice President and head of the Physical Sciences Division at SRI International from 2000 through September 2007, where he led a multidisciplinary team of over 200 scientists and engineers focusing on the development and commercialization of advanced materials and coatings, micro- and nano- fabrication technologies, power sources, medical diagnostics, molecular and optical physics, and environmentally benign processing. Prior to that, Dr. Dubois served as Director, Defense Sciences Office, at the Defense Advanced Research Project Agency (U.S. Department of Defense). He is a member of the Defense Sciences Research Council and a member of the Board of Directors of Sylvan Source, Inc.

 

Age: 57

 

Education:

University of California, PHD (Physical Chemistry)
Massachusetts Institute of Technology, BS (Chemistry)

 

 

 

 

 

Russ Frye

View Email

Engineer

Engineering/Technical Executive

 

 

Brian Horos

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Vice President of Technology

Engineering/Technical Executive

 

 

Sri Josyula

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Director, Enterprise Application

Engineering/Technical Executive

 

 

Shkelqim Letaj

View Email

Tech Engineer

Engineering/Technical Executive

 

 

James Lin

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Manufacturing Engineer

Engineering/Technical Executive

 

 

Michael Mulcey

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Research Engineer

Engineering/Technical Executive

 

 

Abhinav Sharma

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Developer

Engineering/Technical Executive

 

 

Tom Wu

View Email

Application Engineer

Engineering/Technical Executive

 

 

Tom Cameron

View Email

Senior Scientist

Research & Development Executive

 

 

Tianniu Chen

View Email

Research Scientist

Research & Development Executive

 

 

Philip Chen

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Scientist

Research & Development Executive

 

 

William Hunks

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Research Scientist

Research & Development Executive

 

 

Matt Kern

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Chemist

Research & Development Executive

 

 

Mackenzie King

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Vice President Research and Development

Research & Development Executive

 

 

Melissa Petruska

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Senior Scientist

Research & Development Executive

 

 

Michele Stawasz

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Research Scientist

Research & Development Executive

 

 

Michael Duffy

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Editor

Product Management Executive

 

 

Jeff Desroches

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Business Development Manager

Business Development Executive

 

 

John Edwards

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Manager, Business Analytics

Business Development Executive

 

 

Daniel P. Sharkey

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Executive Vice President - Business Development

Business Development Executive

 

 

Biography:

Mr. Daniel P. Sharkey is Executive Vice President - Business Development of ATMI Inc. Prior to that, Mr. Sharkey served as Chief Financial Officer from 1990 to September 2007, as Treasurer from 1993 to September 2007, as Executive Vice President since 2005, and as Vice President from 1993 to 2005. Mr. Sharkey also served as Secretary from January 2004 through May 2004, and as Acting Secretary from September 2007 through January 2008. Prior to 1990, Mr. Sharkey served as Vice President of Finance and Administration for Adage, Inc., a manufacturer of high-performance computer graphics terminals, Corporate Controller for CGX Corporation, and as an Audit Supervisor for KPMG, a firm that provides audit, tax and advisory services.

 

Age: 55

 

Education:

the College of the Holy Cross, BA (Economics And Accounting)

 

 

 

 

 

Patrick J. Shima

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Senior Vice President, Chief Legal Officer

Legal Executive

 

 

Biography:

Mr. Patrick J. Shima has been appointed as Senior Vice President, Chief Legal Officer of ATMI, Inc., with effect from September 5, 2013. Originally hired by ATMI in 2007 for the role of Transaction and Finance Counsel, Shima was later promoted to Deputy Chief Legal Officer in 2008. Since joining ATMI, Shima has had the opportunity to offer counsel on many critical ATMI business transactions. He will now provide oversight to, and be responsible for leading the company's entire legal function. Prior to joining ATMI, Shima spent six years as an attorney at IBM in positions of increasing responsibility. Before those responsibilities, he worked for Major League Soccer as Legal Counsel and as an associate at two New York law firms. Shima has a bachelor of arts in economics from Georgetown University and earned his JD from The George Washington University National Law Center.

 

Education:

George Washington University, JD
Georgetown University, BA (Economics)

 

Shelley Decker

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Manager-Logistics

Logistics Executive

 

 

Joe Casanova

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Facilities Manager

Facilities Executive

 

 

Ron Farmer

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Senior Procurement Manager

Purchasing Executive

 

 

Greg Kerwick

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Procurement Manager

Purchasing Executive

 

 

Steve Bishop

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Isp Manager

Other

 

 

Preston Butler

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Infrastructure Manager

Other

 

 

Suraj Chakma

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Dw Analyst

Other

 

 

David Frare

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Indirect Manefacturing Manager

Other

 

 

Navneet Gill

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Manager

Other

 

 

Gregory Hermetet

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Disposable Bioreactor Specialist

Other

 

 

Rick Loofs

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Program Manager

Other

 

 

Alex Ospina

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Associate Manager

Other

 

 

Marc Panaye

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Vertegenwoordiger Benelux

Other

 

 

Philip Sailor

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Mechanical Designer Atmi

Other

 

 

Ajinkya Shirgaonkar

 

Program Manager Process and Solutions

Other

 

 

David Shofi

 

Ip Counsel

Other

 

 

Barbara Sturm

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Director, Manager, Department Head

Other

 

 

 

 

Significant Developments

 

ATMI Inc And Finesse Solutions, Inc Sign Distribution Agreement For Turnkey Bioreactor Systems

Apr 16, 2013


ATMI Inc announced the signing of a Distribution Agreement with Finesse Solutions, Inc. This agreement will allow both companies to offer customers seamless support for single-use bioreactor systems enabled by Finesse SmartSystems, and ATMI's single-use Integrity PadReactor bioreactor. The solution combines the optimized mixing and gas transfer performance of the space-efficient PadReactor system with the industry's bioreactor control platform and single-use sensors, namely, TruFluor sensors for pH and dissolved oxygen and TruTorr sensors for pressure.

 

 

 


Annual Income Statement

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

407.4

390.1

367.3

254.7

339.1

Revenue

407.4

390.1

367.3

254.7

339.1

Total Revenue

407.4

390.1

367.3

254.7

339.1

 

 

 

 

 

 

    Cost of Revenue

206.5

206.0

191.2

152.5

172.6

Cost of Revenue, Total

206.5

206.0

191.2

152.5

172.6

Gross Profit

200.9

184.1

176.0

102.2

166.5

 

 

 

 

 

 

    Selling/General/Administrative Expense

72.0

83.2

83.2

73.3

88.8

    Labor & Related Expense

7.3

-

-

-

-

Total Selling/General/Administrative Expenses

79.3

83.2

83.2

73.3

88.8

Research & Development

46.8

53.7

48.6

37.2

37.8

    Depreciation

12.4

-

-

-

-

    Amortization of Intangibles

4.4

-

-

-

-

Depreciation/Amortization

16.8

-

-

-

-

    Impairment-Assets Held for Use

0.0

1.1

2.2

5.0

3.4

    Other Unusual Expense (Income)

1.6

84.6

0.0

0.6

-

Unusual Expense (Income)

1.6

85.7

2.2

5.6

3.4

    Other, Net

-2.7

-

-

-

-

Other Operating Expenses, Total

-2.7

-

-

-

-

Total Operating Expense

348.4

428.6

325.3

268.5

302.6

 

 

 

 

 

 

Operating Income

59.1

-38.5

41.9

-13.8

36.5

 

 

 

 

 

 

        Interest Expense - Non-Operating

-

-

-

0.0

-0.2

    Interest Expense, Net Non-Operating

-

-

-

0.0

-0.2

        Interest Income - Non-Operating

1.3

1.2

0.9

1.2

3.1

        Investment Income - Non-Operating

-0.5

-

-

-

-

    Interest/Investment Income - Non-Operating

0.8

1.2

0.9

1.2

3.1

Interest Income (Expense) - Net Non-Operating Total

0.8

1.2

0.9

1.2

3.0

    Other Non-Operating Income (Expense)

0.3

-1.8

7.7

-1.0

0.7

Other, Net

0.3

-1.8

7.7

-1.0

0.7

Income Before Tax

60.1

-39.1

50.6

-13.7

40.1

 

 

 

 

 

 

Total Income Tax

17.8

-19.1

11.1

-7.0

6.8

Income After Tax

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Net Income Before Extraord Items

42.3

-20.0

39.5

-6.7

33.3

Net Income

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

31.9

31.7

31.4

31.4

32.1

Basic EPS Excl Extraord Items

1.33

-0.63

1.26

-0.21

1.04

Basic/Primary EPS Incl Extraord Items

1.33

-0.63

1.26

-0.21

1.04

Dilution Adjustment

-

0.0

-

0.0

-

Diluted Net Income

42.3

-20.0

39.5

-6.7

33.3

Diluted Weighted Average Shares

32.7

31.7

31.9

31.4

32.1

Diluted EPS Excl Extraord Items

1.30

-0.63

1.24

-0.21

1.04

Diluted EPS Incl Extraord Items

1.30

-0.63

1.24

-0.21

1.04

Dividends per Share - Common Stock Primary Issue

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Interest Expense, Supplemental

-

-

-

0.0

0.2

Depreciation, Supplemental

27.6

23.3

22.8

22.3

20.1

Total Special Items

1.6

85.7

2.2

5.6

3.4

Normalized Income Before Tax

61.7

46.5

52.8

-8.1

43.6

 

 

 

 

 

 

Effect of Special Items on Income Taxes

0.5

30.0

0.5

2.0

0.6

Inc Tax Ex Impact of Sp Items

18.3

10.9

11.6

-5.0

7.4

Normalized Income After Tax

43.5

35.7

41.2

-3.0

36.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

43.5

35.7

41.2

-3.0

36.2

 

 

 

 

 

 

Basic Normalized EPS

1.36

1.12

1.31

-0.10

1.13

Diluted Normalized EPS

1.33

1.12

1.29

-0.10

1.13

Amort of Intangibles, Supplemental

4.7

3.8

4.0

4.5

4.1

Rental Expenses

3.8

3.7

3.4

4.3

3.6

Research & Development Exp, Supplemental

55.2

53.7

48.6

37.2

37.8

Normalized EBIT

60.7

47.2

44.1

-8.2

39.9

Normalized EBITDA

92.9

74.3

70.9

18.6

64.1

    Current Tax - Domestic

12.7

7.3

4.1

-7.3

2.4

    Current Tax - Foreign

1.7

2.7

2.3

2.2

0.8

    Current Tax - Local

0.4

0.3

0.1

0.1

1.6

Current Tax - Total

14.7

10.3

6.5

-5.1

4.8

    Deferred Tax - Domestic

2.6

-27.0

4.2

-0.1

3.3

    Deferred Tax - Foreign

0.0

-0.3

-0.3

-1.4

-0.1

    Deferred Tax - Local

0.4

-2.1

0.7

-0.4

-1.1

Deferred Tax - Total

3.0

-29.4

4.6

-1.9

2.0

Income Tax - Total

17.8

-19.1

11.1

-7.0

6.8

Defined Contribution Expense - Domestic

1.8

1.8

1.5

1.1

1.8

Total Pension Expense

1.8

1.8

1.5

1.1

1.8

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

86.1

34.5

68.6

64.7

54.6

    Short Term Investments

70.4

75.6

58.5

32.7

37.7

Cash and Short Term Investments

156.4

110.2

127.1

97.4

92.4

        Accounts Receivable - Trade, Gross

61.7

52.3

55.3

46.5

43.2

        Provision for Doubtful Accounts

-0.9

-0.8

-0.8

-2.3

-1.0

    Trade Accounts Receivable - Net

60.8

51.6

54.5

44.2

42.2

    Other Receivables

0.0

3.7

4.6

10.8

4.8

Total Receivables, Net

60.8

55.3

59.1

55.0

47.1

    Inventories - Finished Goods

62.0

54.0

46.6

38.9

41.6

    Inventories - Work In Progress

2.1

1.7

2.1

2.4

1.2

    Inventories - Raw Materials

26.9

20.5

16.5

15.0

15.6

    Inventories - Other

-3.4

-2.6

-2.4

-2.6

-2.4

Total Inventory

87.6

73.6

62.8

53.8

56.0

Prepaid Expenses

12.2

14.4

14.4

19.4

15.6

    Deferred Income Tax - Current Asset

4.5

4.4

6.8

8.0

6.9

    Other Current Assets

9.0

13.3

12.7

-

-

Other Current Assets, Total

13.5

17.7

19.5

8.0

6.9

Total Current Assets

330.5

271.2

283.0

233.6

218.0

 

 

 

 

 

 

        Buildings

48.9

51.0

52.2

47.0

46.6

        Land/Improvements

1.2

1.1

1.1

1.1

1.1

        Machinery/Equipment

226.1

214.1

210.5

197.8

176.6

        Construction in Progress

14.3

6.5

2.1

6.3

15.4

        Other Property/Plant/Equipment

2.3

3.0

2.8

2.6

2.7

    Property/Plant/Equipment - Gross

292.7

275.7

268.7

254.7

242.3

    Accumulated Depreciation

-167.6

-159.4

-149.6

-130.1

-105.9

Property/Plant/Equipment - Net

125.1

116.3

119.1

124.6

136.4

    Goodwill - Gross

46.8

46.5

47.0

33.4

33.4

    Accumulated Goodwill Amortization

0.0

-

0.0

0.0

0.0

Goodwill, Net

46.8

46.5

47.0

33.4

33.4

    Intangibles - Gross

77.7

62.6

51.3

47.5

47.0

    Accumulated Intangible Amortization

-30.8

-26.0

-22.3

-24.3

-19.8

Intangibles, Net

46.9

36.6

28.9

23.2

27.2

    LT Investments - Other

12.1

3.3

25.4

10.6

3.7

Long Term Investments

12.1

3.3

25.4

10.6

3.7

    Deferred Income Tax - Long Term Asset

15.1

19.1

2.1

2.7

1.6

    Other Long Term Assets

22.6

20.6

28.1

31.5

32.9

Other Long Term Assets, Total

37.7

39.8

30.2

34.2

34.5

Total Assets

599.2

513.7

533.6

459.6

453.1

 

 

 

 

 

 

Accounts Payable

38.6

20.8

21.0

14.8

12.9

Accrued Expenses

14.0

18.4

18.1

9.3

11.7

Notes Payable/Short Term Debt

0.0

0.0

0.0

0.0

0.0

Current Portion - Long Term Debt/Capital Leases

-

-

-

0.5

1.1

    Income Taxes Payable

16.3

1.2

3.7

1.8

0.6

    Other Current Liabilities

6.1

4.5

3.9

3.3

1.5

Other Current liabilities, Total

22.3

5.8

7.6

5.1

2.2

Total Current Liabilities

74.9

45.0

46.7

29.7

27.9

 

 

 

 

 

 

Total Long Term Debt

0.0

0.0

0.0

0.0

0.0

Total Debt

0.0

0.0

0.0

0.5

1.1

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

0.2

0.2

10.2

6.9

5.5

Deferred Income Tax

0.2

0.2

10.2

6.9

5.5

    Other Long Term Liabilities

16.8

18.2

18.2

11.5

10.8

Other Liabilities, Total

16.8

18.2

18.2

11.5

10.8

Total Liabilities

91.9

63.4

75.2

48.1

44.2

 

 

 

 

 

 

    Convertible Preferred Stock - Non Redeemable

0.0

0.0

-

-

-

Preferred Stock - Non Redeemable, Net

0.0

0.0

-

-

-

    Common Stock

0.4

0.4

0.4

0.4

0.4

Common Stock

0.4

0.4

0.4

0.4

0.4

Additional Paid-In Capital

457.7

444.6

435.8

426.4

421.0

Retained Earnings (Accumulated Deficit)

270.7

228.4

248.4

208.9

214.3

Treasury Stock - Common

-237.2

-231.2

-230.3

-227.7

-227.1

Unrealized Gain (Loss)

9.3

7.0

-

-

-

    Translation Adjustment

6.3

1.1

-

-

-

    Other Comprehensive Income

-

-

4.0

3.4

0.3

Other Equity, Total

6.3

1.1

4.0

3.4

0.3

Total Equity

507.3

450.3

458.4

411.5

408.9

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

599.2

513.7

533.6

459.6

453.1

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

32.0

31.7

31.5

31.4

31.3

Total Common Shares Outstanding

32.0

31.7

31.5

31.4

31.3

Treasury Shares - Common Stock Primary Issue

8.5

8.2

8.1

8.0

7.9

Employees

817

-

773

693

761

Number of Common Shareholders

148

-

157

159

163

Accumulated Goodwill Amortization Suppl.

0.0

-

0.0

0.0

0.0

Accumulated Intangible Amort, Suppl.

30.8

26.0

22.3

24.3

19.8

Total Capital Leases, Supplemental

0.2

-

0.1

0.1

0.2

Capital Lease Payments Due in Year 1

0.0

-

0.0

0.1

0.1

Capital Lease Payments Due in Year 2

0.0

-

0.0

0.0

0.0

Capital Lease Payments Due in Year 3

0.0

-

0.0

0.0

0.0

Capital Lease Payments Due in Year 4

0.0

-

0.0

0.0

0.0

Capital Lease Payments Due in Year 5

0.0

-

0.0

0.0

0.0

Capital Lease Payments Due in 2-3 Years

0.1

-

0.0

0.0

0.1

Capital Lease Payments Due in 4-5 Years

0.0

-

0.0

0.0

0.0

Cap. Lease Pymts. Due in Year 6 & Beyond

0.0

-

0.0

0.0

-

Total Operating Leases, Supplemental

13.3

-

15.6

8.3

8.4

Operating Lease Payments Due in Year 1

3.6

-

3.9

3.8

3.6

Operating Lease Payments Due in Year 2

2.3

-

3.7

3.1

2.3

Operating Lease Payments Due in Year 3

2.1

-

1.5

1.0

1.7

Operating Lease Payments Due in Year 4

1.7

-

1.0

0.3

0.6

Operating Lease Payments Due in Year 5

0.6

-

1.9

0.0

0.3

Operating Lease Pymts. Due in 2-3 Years

4.4

-

5.1

4.1

4.0

Operating Lease Pymts. Due in 4-5 Years

2.3

-

2.9

0.3

0.8

Oper. Lse. Pymts. Due in Year 6 & Beyond

3.1

-

3.7

0.0

0.0

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

42.3

-20.0

39.5

-6.7

33.3

    Depreciation

27.6

27.2

26.7

26.8

24.1

Depreciation/Depletion

27.6

27.2

26.7

26.8

24.1

Deferred Taxes

3.0

-29.4

4.6

-1.9

2.0

    Unusual Items

-1.9

-0.4

-5.4

9.8

1.6

    Equity in Net Earnings (Loss)

-

-

-

1.2

0.6

    Other Non-Cash Items

7.6

9.9

6.6

8.9

8.6

Non-Cash Items

5.7

9.5

1.3

19.9

10.9

    Accounts Receivable

-9.2

4.0

-9.0

-2.8

20.6

    Inventories

-14.9

-12.4

-9.2

0.4

-9.5

    Other Assets

4.0

-8.2

-4.7

-3.8

2.6

    Accounts Payable

17.2

-0.2

5.2

1.8

-8.7

    Accrued Expenses

15.2

-1.4

11.6

-2.4

-7.8

    Taxes Payable

-

-

-

-5.0

-5.8

    Other Liabilities

-

-

-

2.4

-1.2

Changes in Working Capital

12.3

-18.2

-6.1

-9.4

-9.8

Cash from Operating Activities

91.0

-31.0

66.0

28.8

60.6

 

 

 

 

 

 

    Purchase of Fixed Assets

-29.3

-20.7

-16.2

-17.3

-50.6

    Purchase/Acquisition of Intangibles

0.0

-10.4

0.0

0.0

-

Capital Expenditures

-29.3

-31.1

-16.2

-17.3

-50.6

    Acquisition of Business

0.0

0.0

-3.9

0.0

-33.1

    Sale of Fixed Assets

-

-

-

0.0

0.0

    Sale/Maturity of Investment

106.5

121.8

65.6

65.2

85.9

    Purchase of Investments

-118.3

-93.2

-104.4

-66.5

-54.9

    Other Investing Cash Flow

0.1

0.1

0.1

0.0

-

Other Investing Cash Flow Items, Total

-11.6

28.6

-42.6

-1.3

-2.0

Cash from Investing Activities

-41.0

-2.5

-58.8

-18.6

-52.7

 

 

 

 

 

 

    Other Financing Cash Flow

0.5

0.0

-2.9

0.0

-0.1

Financing Cash Flow Items

0.5

0.0

-2.9

0.0

-0.1

        Repurchase/Retirement of Common

-6.0

-0.9

-2.6

-0.6

-59.2

    Common Stock, Net

-6.0

-0.9

-2.6

-0.6

-59.2

    Options Exercised

4.6

1.3

1.8

0.2

1.6

Issuance (Retirement) of Stock, Net

-1.4

0.4

-0.8

-0.3

-57.6

        Short Term Debt Issued

-

-

-

5.7

13.9

        Short Term Debt Reduction

-

-

-

-6.3

-12.8

    Short Term Debt, Net

-

-

-

-0.6

1.1

Issuance (Retirement) of Debt, Net

-

-

-

-0.6

1.1

Cash from Financing Activities

-0.8

0.4

-3.7

-1.0

-56.5

 

 

 

 

 

 

Foreign Exchange Effects

2.4

-1.1

0.4

0.9

-1.6

Net Change in Cash

51.5

-34.1

3.9

10.1

-50.2

 

 

 

 

 

 

Net Cash - Beginning Balance

34.5

68.6

64.7

54.6

104.8

Net Cash - Ending Balance

86.1

34.5

68.6

64.7

54.6

Cash Interest Paid

0.1

0.0

0.1

0.2

0.2

Cash Taxes Paid

5.7

11.3

12.2

1.6

14.1

 


 Annual Income Statement

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Revenues

407.4

390.1

367.3

254.7

339.1

Total Revenue

407.4

390.1

367.3

254.7

339.1

 

 

 

 

 

 

    Depreciation in R&D

8.2

-

-

-

-

    Depreciation in SGA

4.2

-

-

-

-

    Amortization in R&D

0.1

-

-

-

-

    Amortization in SGA

4.3

-

-

-

-

    Contingent considerations

-2.7

-

-

-

-

    Stock-based Compensation in SGA

7.3

-

-

-

-

    Selling general administrative

72.0

-

-

-

-

    Depreciation/Amortization in COR/COGS

10.5

-

-

-

-

    Amortization in COR/COGS

0.3

-

-

-

-

    Stock-based Compensation in COR/COGS

0.3

-

-

-

-

    Other Cost of Revenue

195.4

-

-

-

-

    Cost of Revenue

-

206.0

191.2

152.5

172.6

    Other Research and development

46.8

-

-

-

-

    Research/Development

-

53.7

48.6

37.2

37.8

    Severance charges

1.6

-

-

-

-

    Contract termination

0.0

84.6

0.0

0.0

-

    Selling, general, and administrative

-

83.2

83.2

73.3

88.8

    Asset Impairments

-

0.3

2.2

2.5

-

    Severance

-

-

-

0.6

-

    Impairment of Investments

0.0

0.8

0.0

2.5

3.4

Total Operating Expense

348.4

428.6

325.3

268.5

302.6

 

 

 

 

 

 

    G/L on Invest. HFS, Maturity & Trading

-0.5

-

-

-

-

    Interest Income

1.3

1.2

0.9

1.2

3.1

    Interest Expense

-

-

-

0.0

-0.2

    Other Other income (expense), net)

0.3

-

-

-

-

    Other income (expense), net

-

-1.8

7.7

-1.0

0.7

Net Income Before Taxes

60.1

-39.1

50.6

-13.7

40.1

 

 

 

 

 

 

Provision for Income Taxes

17.8

-19.1

11.1

-7.0

6.8

Net Income After Taxes

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Net Income Before Extra. Items

42.3

-20.0

39.5

-6.7

33.3

Net Income

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

42.3

-20.0

39.5

-6.7

33.3

 

 

 

 

 

 

Basic Weighted Average Shares

31.9

31.7

31.4

31.4

32.1

Basic EPS Excluding ExtraOrdinary Items

1.33

-0.63

1.26

-0.21

1.04

Basic EPS Including ExtraOrdinary Items

1.33

-0.63

1.26

-0.21

1.04

Dilution Adjustment

-

0.0

-

0.0

-

Diluted Net Income

42.3

-20.0

39.5

-6.7

33.3

Diluted Weighted Average Shares

32.7

31.7

31.9

31.4

32.1

Diluted EPS Excluding ExtraOrd Items

1.30

-0.63

1.24

-0.21

1.04

Diluted EPS Including ExtraOrd Items

1.30

-0.63

1.24

-0.21

1.04

DPS-Ordinary Shares

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Normalized Income Before Taxes

61.7

46.5

52.8

-8.1

43.6

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

18.3

10.9

11.6

-5.0

7.4

Normalized Income After Taxes

43.5

35.7

41.2

-3.0

36.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

43.5

35.7

41.2

-3.0

36.2

 

 

 

 

 

 

Basic Normalized EPS

1.36

1.12

1.31

-0.10

1.13

Diluted Normalized EPS

1.33

1.12

1.29

-0.10

1.13

Depreciation in R&D

8.2

-

-

-

-

Amortization in R&D

0.1

-

-

-

-

Research & Development Exp

46.8

53.7

48.6

37.2

37.8

Interest Expense

-

-

-

0.0

0.2

Amort of Intangibles

4.7

3.8

4.0

4.5

4.1

Rental Expense

3.8

3.7

3.4

4.3

3.6

BC - Depreciation of Fixed Assets

27.6

-

-

-

-

Depreciation

-

23.3

22.8

22.3

20.1

    Current Tax - Federal

12.7

-

-

-

-

    Current tax Domestic

-

7.3

4.1

-7.3

2.4

    Current Tax - Local

0.4

-

-

-

-

    Current tax Local

-

0.3

0.1

0.1

1.6

    Current Tax - Foreign

1.7

-

-

-

-

    Current tax Foreign

-

2.7

2.3

2.2

0.8

Current Tax - Total

14.7

10.3

6.5

-5.1

4.8

    Deferred Tax - Federal

2.6

-

-

-

-

    Deferred Tax Domestic

-

-27.0

4.2

-0.1

3.3

    Deferred Tax - Local

0.4

-

-

-

-

    Deferred Tax Local

-

-2.1

0.7

-0.4

-1.1

    Deferred Tax - Foreign

0.0

-

-

-

-

    Deferred Tax Foreign

-

-0.3

-0.3

-1.4

-0.1

Deferred Tax - Total

3.0

-29.4

4.6

-1.9

2.0

Income Tax - Total

17.8

-19.1

11.1

-7.0

6.8

401(k) Profit Sharing Plan

1.8

1.8

1.5

1.1

1.8

Total Pension Expense

1.8

1.8

1.5

1.1

1.8

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash and cash equivalents

86.1

34.5

68.6

64.7

54.6

    Marketable securities, current portion

70.4

75.6

58.5

32.7

37.7

    Accounts Rcvbl.

61.7

52.3

55.3

46.5

43.2

    Doubtful Account

-0.9

-0.8

-0.8

-2.3

-1.0

    Raw Materials

26.9

20.5

16.5

15.0

15.6

    Work in Progress

2.1

1.7

2.1

2.4

1.2

    Finished Goods

62.0

54.0

46.6

38.9

41.6

    Excess & Obsolescence Reserve

-3.4

-2.6

-2.4

-2.6

-2.4

    Deferred income taxes

4.5

4.4

6.8

8.0

6.9

    Income taxes receivable

0.0

3.7

4.6

10.8

4.8

    Other Current Assets(1)

9.0

13.3

12.7

-

-

    Prepaid/Other

12.2

14.4

14.4

19.4

15.6

Total Current Assets

330.5

271.2

283.0

233.6

218.0

 

 

 

 

 

 

    Land

1.2

1.1

1.1

1.1

1.1

    Buildings

27.1

26.1

25.7

25.5

24.9

    Machinery and Equipment

142.4

138.7

138.7

123.3

106.4

    Software

26.0

25.0

28.3

37.3

35.5

    Cylinders and canisters

57.7

50.5

43.5

37.2

34.7

    Furniture and Fixtures

2.3

3.0

2.8

2.6

2.7

    Leasehold Improvements

21.8

24.8

26.5

21.5

21.7

    Construction in Progress

14.3

6.5

2.1

6.3

15.4

    Accumulated Depreciation

-167.6

-159.4

-149.6

-130.1

-105.9

    Deferred income taxes, non-current

15.1

19.1

2.1

2.7

1.6

    Goodwill, Gross

46.8

-

-

-

-

    Goodwill

-

46.5

47.0

33.4

33.4

    Acc Amort Goodwill

0.0

-

-

-

-

    Accumulated Amort

-

-

0.0

0.0

0.0

    Other intangibles

-

-

51.3

47.5

47.0

    Acc Amort patents & Trademarks

-29.0

-25.3

-

-

-

    Acc Amort Other Intangibles

-1.8

-0.7

-

-

-

    Amortization

-

-

-22.3

-24.3

-19.8

    Other non-current assets

22.6

20.6

28.1

31.5

32.9

    Marketable securities, non-current

12.1

3.3

25.4

10.6

3.7

    Patents & Trademarks

66.5

49.4

-

-

-

    Other

11.2

13.2

-

-

-

Total Assets

599.2

513.7

533.6

459.6

453.1

 

 

 

 

 

 

    Accounts Payable

38.6

20.8

21.0

14.8

12.9

    Accrued liabilities

8.0

7.9

5.9

4.8

5.3

    Accrued Salaries

6.0

10.5

12.2

4.5

6.4

    Loans and notes payable, current

-

-

-

0.5

1.1

    Income taxes payable

16.3

1.2

3.7

1.8

0.6

    Other current liabilities

6.1

4.5

3.9

3.3

1.5

Total Current Liabilities

74.9

45.0

46.7

29.7

27.9

 

 

 

 

 

 

    Deferred income taxes, non-current

0.2

0.2

10.2

6.9

5.5

    Other non-current liabilities

16.8

18.2

18.2

11.5

10.8

Total Liabilities

91.9

63.4

75.2

48.1

44.2

 

 

 

 

 

 

    Currency Translation Adjustments

6.3

1.1

-

-

-

    Preferred stock, par value $.01 per shar

0.0

0.0

-

-

-

    Unrealized Gain/Loss on Investments

8.2

7.0

-

-

-

    Unrealized Gain/Loss on Investment

1.1

0.0

-

-

-

    Common Stock

0.4

0.4

0.4

0.4

0.4

    Additional paid-in capital

457.7

444.6

435.8

426.4

421.0

    Treasury Stock

-237.2

-231.2

-230.3

-227.7

-227.1

    Retained earnings

270.7

228.4

248.4

208.9

214.3

    Accumul. Other

-

-

4.0

3.4

0.3

Total Equity

507.3

450.3

458.4

411.5

408.9

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

599.2

513.7

533.6

459.6

453.1

 

 

 

 

 

 

    S/O-Ordinary Shares

32.0

31.7

31.5

31.4

31.3

Total Common Shares Outstanding

32.0

31.7

31.5

31.4

31.3

T/S-Ordinary Shares

8.5

8.2

8.1

8.0

7.9

Amortization of Goodwill

0.0

-

0.0

0.0

0.0

Acc Amort patents & Trademarks

29.0

25.3

-

-

-

Acc Amort Other Intangibles

1.8

0.7

-

-

-

Amortization of Intangible

-

-

22.3

24.3

19.8

Full-Time Employees

817

-

773

693

761

Number of Common Shareholders

148

-

157

159

163

Capital Lease- Less Than 1 Year

0.0

-

0.0

0.1

0.1

Capital Lease- 1-3 Years

0.1

-

0.0

0.0

0.1

Capital Lease- 3-5 Years

0.0

-

0.0

0.0

0.0

Capital Lease- Thereafter

0.0

-

0.0

0.0

-

Total Capital Leases, Supplemental

0.2

-

0.1

0.1

0.2

Operating Lease Due Within 1 Year

3.6

-

3.9

3.8

3.6

Operating Lease Due Within 2 Years

2.3

-

3.7

3.1

2.3

Operating Lease Due Within 3 Years

2.1

-

1.5

1.0

1.7

Operating Lease Due Within 4 Years

1.7

-

1.0

0.3

0.6

Operating Lease Due Within 5 Years

0.6

-

1.9

0.0

0.3

Operating Lease - Remaining

3.1

-

3.7

-

0.0

Total Operating Leases, Supplemental

13.3

-

15.6

8.3

8.4

 


 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Reclassified Normal
31-Dec-2012

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

42.3

-20.0

39.5

-6.7

33.3

    Depreciation

27.6

27.2

26.7

26.8

24.1

    Provision for bad debts

-

-

-

1.4

0.3

    Provision for inventory obsolescence

1.9

1.0

0.6

2.1

1.5

    Deferred income taxes

3.0

-29.4

4.6

-1.9

2.0

    Non-cash royalty

-2.6

0.0

0.0

-

-

    Tax Benefits Options

-

-

-

-0.6

0.3

    Excess tax benefit from share-based paym

-

-

-

0.0

-0.2

    Realized gain on sale of marketable secu

-

-

-

0.0

-2.0

    Gain on remeasurement of contingent cons

-2.7

-1.7

0.0

0.0

-

    Stock-based compensation expense

8.4

7.5

7.7

5.7

6.7

    Long-lived asset impairments

0.8

0.6

0.5

7.3

0.2

    Gain on remeasurement of non-controlling

0.0

0.0

-5.9

0.0

-

    Impairment of investments

0.0

0.8

0.0

2.5

3.4

    Loss from equity method investee

-

-

-

1.2

0.6

    Other

-0.2

1.4

-1.7

0.3

0.0

    Accounts Receivable

-9.2

4.0

-9.0

-2.8

20.6

    Inventories

-14.9

-12.4

-9.2

0.4

-9.5

    Other Assets

4.0

-8.2

-4.7

-3.8

2.6

    Accounts Payable

17.2

-0.2

5.2

1.8

-8.7

    Accrued expenses, income taxes and other

15.2

-1.4

11.6

-2.4

-7.8

    Income Taxes

-

-

-

-5.0

-5.8

    Other Liabilities

-

-

-

2.4

-1.2

Cash from Operating Activities

91.0

-31.0

66.0

28.8

60.6

 

 

 

 

 

 

    Capital Expenditures

-29.3

-20.7

-16.2

-17.3

-50.6

    Sale of Assets

-

-

-

0.0

0.0

    Proceeds from sale of a cost basis inves

-

-

-

-

0.0

    Acquisitions of assets and investments

-11.1

-6.7

-3.1

-

-

    Intangible rights acquired due to contra

0.0

-10.4

0.0

0.0

-

    Acquisitions, net of cash acquired

0.0

0.0

-3.9

0.0

-33.1

    Acquisitions of cost-basis and equity-ba

-

-

-

0.0

-10.0

    Purchases of marketable securities

-107.1

-86.4

-101.2

-66.5

-44.9

    Proceeds from sale of cost and equity-ba

0.0

0.0

5.2

-

-

    Proceeds from sales or maturities of mar

106.5

121.8

60.4

65.2

85.9

    Other

0.1

0.1

0.1

0.0

-

Cash from Investing Activities

-41.0

-2.5

-58.8

-18.6

-52.7

 

 

 

 

 

 

    Other

0.0

0.0

-2.9

0.0

-0.3

    Purchases of treasury stock

-6.0

-0.9

-2.6

-0.6

-59.2

    Credit line repayments

-

-

-

-6.3

-12.8

    Credit line borrowings

-

-

-

5.7

13.9

    Proceeds from exercise of stock options

4.6

1.3

1.8

0.2

1.6

    Excess tax benefit from share-based paym

0.6

0.0

0.0

0.0

0.2

Cash from Financing Activities

-0.8

0.4

-3.7

-1.0

-56.5

 

 

 

 

 

 

Foreign Exchange Effects

2.4

-1.1

0.4

0.9

-1.6

Net Change in Cash

51.5

-34.1

3.9

10.1

-50.2

 

 

 

 

 

 

Net Cash - Beginning Balance

34.5

68.6

64.7

54.6

104.8

Net Cash - Ending Balance

86.1

34.5

68.6

64.7

54.6

    Cash Interest Paid

0.1

0.0

0.1

0.2

0.2

    Cash Taxes Paid

5.7

11.3

12.2

1.6

14.1

 


 

Financial Health

 

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2013

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2012

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue (?)

102.0

-3.67%

407.4

4.45%

16.95%

2.28%

Research & Development (?)

13.1

-5.03%

46.8

-12.80%

8.01%

9.40%

Operating Income (?)

12.7

-24.92%

59.1

-

-

2.39%

Income Available to Common Excl Extraord Items (?)

9.4

-17.30%

42.3

-

-

0.87%

Basic EPS Excl Extraord Items (?)

0.30

-17.33%

1.33

-

-

2.79%

Capital Expenditures (?)

23.9

80.59%

29.3

-5.72%

19.20%

-3.62%

Cash from Operating Activities (?)

3.4

-89.24%

91.0

-

46.79%

6.97%

Free Cash Flow (?)

-20.5

-

61.6

-

75.29%

15.74%

Total Assets (?)

585.2

7.08%

599.2

16.64%

9.24%

4.01%

Total Liabilities (?)

74.7

-5.21%

91.9

45.02%

24.09%

9.69%

Total Long Term Debt (?)

0.0

-

0.0

-

-

-

Employees (?)

-

-

817

-

5.64%

0.20%

Total Common Shares Outstanding (?)

31.9

-0.12%

32.0

0.84%

0.63%

-0.72%

Market Cap (?)

754.5

14.84%

667.8

5.11%

4.54%

-8.99%

Key Ratios

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Profitability

Gross Margin (?)

49.31%

47.20%

47.93%

40.12%

49.11%

Operating Margin (?)

14.50%

-9.87%

11.42%

-5.43%

10.76%

Pretax Margin (?)

14.76%

-10.03%

13.79%

-5.36%

11.84%

Net Profit Margin (?)

10.39%

-5.13%

10.76%

-2.61%

9.83%

Financial Strength

Current Ratio (?)

4.41

6.03

6.06

7.87

7.82

Long Term Debt/Equity (?)

0.00

0.00

0.00

0.00

0.00

Total Debt/Equity (?)

0.00

0.00

0.00

0.00

0.00

Management Effectiveness

Return on Assets (?)

7.61%

-3.82%

7.96%

-1.46%

7.05%

Return on Equity (?)

8.84%

-4.41%

9.08%

-1.62%

7.90%

Efficiency

Receivables Turnover (?)

7.02

6.82

6.43

4.99

6.19

Inventory Turnover (?)

2.56

3.02

3.28

2.78

3.29

Asset Turnover (?)

0.73

0.75

0.74

0.56

0.72

Market Valuation USD (mil)

P/E (TTM) (?)

20.34

.

Enterprise Value (?)

779.3

Price/Sales (TTM) (?)

2.18

.

Enterprise Value/Revenue (TTM) (?)

1.90

Price/Book (MRQ) (?)

1.75

.

Enterprise Value/EBITDA (TTM) (?)

8.59

Market Cap as of 18-Oct-2013 (?)

893.9

.

 

 

ratio

 

Traded: NASDAQ: ATMI

Financials in: USD (actual units)

Industry: Semiconductors

As of 18-Oct-2013

Sector: Technology

 

 

Company

Industry

Sector

S&P 500

Valuation Ratios

P/E Excluding Extraordinary (TTM) (?)

20.34

19.99

22.09

19.68

P/E High Excluding Extraordinary - Last 5 Yrs (?)

16.11

36.86

42.91

32.79

P/E Low Excluding Extraordinary - Last 5 Yrs (?)

14.85

12.99

12.36

10.71

Beta (?)

1.25

1.28

1.19

1.00

Price/Revenue (TTM) (?)

2.18

3.44

4.07

2.57

Price/Book (MRQ) (?)

1.75

3.87

4.73

3.67

Price to Tangible Book (MRQ) (?)

2.13

4.36

6.85

5.21

Price to Cash Flow Per Share (TTM) (?)

11.95

15.83

17.48

14.22

Price to Free Cash Flow Per Share (TTM) (?)

38.89

26.54

23.00

26.26

 

 

 

 

 

Dividends

Dividend Yield (?)

-

2.44%

1.65%

2.26%

Dividend Per Share - 5 Yr Avg (?)

0.00

1.35

0.71

1.99

Dividend 5 Yr Growth (?)

-

21.22%

7.13%

0.08%

Payout Ratio (TTM) (?)

0.00%

18.90%

10.38%

25.98%

 

 

 

 

 

Growth Rates (%)

Revenue (MRQ) vs Qtr 1 Yr Ago (?)

-3.67%

32.22%

28.50%

15.58%

Revenue (TTM) vs TTM 1 Yr Ago (?)

6.92%

40.54%

18.25%

17.69%

Revenue 5 Yr Growth (?)

2.28%

11.04%

16.94%

8.97%

EPS (MRQ) vs Qtr 1 Yr Ago (?)

-17.06%

50.47%

41.24%

19.49%

EPS (TTM) vs TTM 1 Yr Ago (?)

278.36%

130.87%

49.53%

32.55%

EPS 5 Yr Growth (?)

2.33%

7.09%

20.44%

9.86%

Capital Spending 5 Yr Growth (?)

-3.62%

-26.65%

9.78%

-2.04%

 

 

 

 

 

Financial Strength

Quick Ratio (MRQ) (?)

3.72

3.02

1.98

1.24

Current Ratio (MRQ) (?)

5.29

3.90

2.38

1.79

LT Debt/Equity (MRQ) (?)

0.00

0.19

0.31

0.64

Total Debt/Equity (MRQ) (?)

0.00

0.21

0.36

0.73

Interest Coverage (TTM) (?)

-

11.34

11.30

13.80

 

 

 

 

 

Profitability Ratios (%)

Gross Margin (TTM) (?)

48.39%

54.52%

55.32%

45.21%

Gross Margin - 5 Yr Avg (?)

47.18%

49.69%

53.24%

44.91%

EBITD Margin (TTM) (?)

22.11%

27.82%

25.78%

24.43%

EBITD Margin - 5 Yr Avg (?)

18.24%

18.02%

21.39%

22.84%

Operating Margin (TTM) (?)

14.39%

24.80%

22.29%

20.63%

Operating Margin - 5 Yr Avg (?)

4.84%

13.57%

17.62%

18.28%

Pretax Margin (TTM) (?)

15.23%

24.89%

22.54%

17.95%

Pretax Margin - 5 Yr Avg (?)

5.58%

14.88%

18.75%

17.10%

Net Profit Margin (TTM) (?)

10.95%

19.30%

17.35%

13.65%

Net Profit Margin - 5 Yr Avg (?)

5.03%

10.91%

12.72%

12.10%

Effective Tax Rate (TTM) (?)

28.14%

21.71%

23.73%

28.45%

Effective Tax rate - 5 Yr Avg (?)

9.81%

23.58%

24.82%

29.92%

 

 

 

 

 

Management Effectiveness (%)

Return on Assets (TTM) (?)

7.94%

15.21%

12.89%

8.54%

Return on Assets - 5 Yr Avg (?)

3.53%

8.48%

10.70%

8.40%

Return on Investment (TTM) (?)

8.88%

15.22%

13.09%

7.90%

Return on Investment - 5 Yr Avg (?)

3.85%

8.60%

11.50%

8.27%

Return on Equity (TTM) (?)

9.18%

21.72%

25.23%

19.72%

Return on Equity - 5 Yr Avg (?)

4.02%

11.50%

21.05%

20.06%

 

 

 

 

 

Efficiency

Revenue/Employee (TTM) (?)

502,295.00

514,699.51

617,868.03

927,613.77

Net Income/Employee (TTM) (?)

54,979.19

106,063.20

132,630.14

116,121.92

Receivables Turnover (TTM) (?)

6.08

10.12

8.08

13.25

Inventory Turnover (TTM) (?)

2.40

5.67

19.61

14.53

Asset Turnover (TTM) (?)

0.73

0.82

0.75

0.93

 

 

 Annual Ratios

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Financial Strength

Current Ratio (?)

4.41

6.03

6.06

7.87

7.82

Quick/Acid Test Ratio (?)

2.90

3.68

3.99

5.13

5.00

Working Capital (?)

255.6

226.2

236.3

203.9

190.1

Long Term Debt/Equity (?)

0.00

0.00

0.00

0.00

0.00

Total Debt/Equity (?)

0.00

0.00

0.00

0.00

0.00

Long Term Debt/Total Capital (?)

0.00

0.00

0.00

0.00

0.00

Total Debt/Total Capital (?)

0.00

0.00

0.00

0.00

0.00

Payout Ratio (?)

0.00%

0.00%

0.00%

0.00%

0.00%

Effective Tax Rate (?)

29.60%

-

21.97%

-

16.99%

Total Capital (?)

507.3

450.3

458.4

412.0

410.0

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

0.73

0.75

0.74

0.56

0.72

Inventory Turnover (?)

2.56

3.02

3.28

2.78

3.29

Days In Inventory (?)

142.41

120.91

111.26

131.32

110.92

Receivables Turnover (?)

7.02

6.82

6.43

4.99

6.19

Days Receivables Outstanding (?)

52.00

53.54

56.74

73.16

58.98

Revenue/Employee (?)

498,694

-

475,105

367,538

445,549

Operating Income/Employee (?)

72,307

-

54,254

-19,947

47,950

EBITDA/Employee (?)

111,772

-

88,818

18,724

79,673

 

 

 

 

 

 

Profitability

Gross Margin (?)

49.31%

47.20%

47.93%

40.12%

49.11%

Operating Margin (?)

14.50%

-9.87%

11.42%

-5.43%

10.76%

EBITDA Margin (?)

22.41%

-2.90%

18.69%

5.09%

17.88%

EBIT Margin (?)

14.50%

-9.87%

11.42%

-5.43%

10.76%

Pretax Margin (?)

14.76%

-10.03%

13.79%

-5.36%

11.84%

Net Profit Margin (?)

10.39%

-5.13%

10.76%

-2.61%

9.83%

R&D Expense/Revenue (?)

11.49%

13.77%

13.25%

14.59%

11.15%

COGS/Revenue (?)

50.69%

52.80%

52.07%

59.88%

50.89%

SG&A Expense/Revenue (?)

19.47%

21.34%

22.66%

28.76%

26.18%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

7.61%

-3.82%

7.96%

-1.46%

7.05%

Return on Equity (?)

8.84%

-4.41%

9.08%

-1.62%

7.90%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share (?)

1.93

-1.96

1.58

0.36

0.32

Operating Cash Flow/Share  (?)

2.84

-0.98

2.09

0.92

1.94

 

Current Market Multiples

Market Cap/Earnings (TTM) (?)

20.34

Market Cap/Equity (MRQ) (?)

1.75

Market Cap/Revenue (TTM) (?)

2.18

Market Cap/EBIT (TTM) (?)

14.69

Market Cap/EBITDA (TTM) (?)

9.85

Enterprise Value/Earnings (TTM) (?)

17.73

Enterprise Value/Equity (MRQ) (?)

1.53

Enterprise Value/Revenue (TTM) (?)

1.90

Enterprise Value/EBIT (TTM) (?)

12.81

Enterprise Value/EBITDA (TTM) (?)

8.59

 

 

Stock Report

 

 

  

 

Stock Snapshot    

 

 

Traded: NASDAQ: ATMI  

As of 18-Oct-2013    US Dollars

Recent Price

$28.02

 

EPS

$1.33

52 Week High

$28.41

 

Price/Sales

2.19

52 Week Low

$17.59

 

Price/Earnings

16.81

Avg. Volume (mil)

0.13

 

Price/Book

1.77

Market Value (mil)

$893.88

 

Beta

1.25

 

Price % Change

Rel S&P 500%

4 Week

4.59%

2.52%

13 Week

3.39%

0.28%

52 Week

52.28%

27.22%

Year to Date

34.20%

9.71%

 

 

 

2 Year Weekly End Price & Volume

Tooltip

Tooltip

 

 

 

 

 

Stock History    

 

 

Market Cap History

 

30-Jun-13

% Chg

31-Mar-13

% Chg

31-Dec-12

% Chg

30-Sep-12

% Chg

30-Jun-12

% Chg

Total Common Shares Outstanding

32

-0.1

32

-0.2

32

-0.1

32

0.2

32

0.1

Market Cap

754.5

5.3

716.2

7.2

667.8

12.3

594.5

-9.5

657.0

-11.7

Yearly Price History

 

2013

% Chg

2012

% Chg

2011

% Chg

2010

% Chg

2009

% Chg

High Price

28.41

13.4

25.05

16.6

21.48

-2.6

22.05

11.5

19.77

-39.2

Low Price

19.89

13.1

17.59

16.1

15.15

24.9

12.13

2.8

11.80

35.6

Year End Price

28.02

34.2

20.88

4.2

20.03

0.5

19.94

7.1

18.62

20.7

Monthly Price History

Price Ending Date

Open

High

Low

Close

Volume

 

18-Oct-13

26.53

28.41

25.88

28.02

1,782,727

 

30-Sep-13

24.93

26.93

24.31

26.52

1,962,384

 

30-Aug-13

24.99

25.26

24.02

24.55

2,239,407

 

31-Jul-13

23.66

27.53

23.55

24.85

4,620,551

 

28-Jun-13

23.91

24.67

23.34

23.65

2,615,847

 

31-May-13

21.67

23.97

21.04

23.87

2,866,167

 

30-Apr-13

22.33

22.62

20.36

21.75

3,742,965

 

28-Mar-13

21.68

23.33

21.46

22.43

2,964,323

 

28-Feb-13

20.56

22.29

19.89

21.90

2,946,406

 

31-Jan-13

21.36

21.54

20.00

20.41

3,593,321

 

31-Dec-12

20.01

21.00

19.31

20.88

1,974,246

 

30-Nov-12

19.81

20.48

17.81

19.92

2,046,478

 

31-Oct-12

18.75

20.38

17.59

19.75

1,967,317

 

 

 

 


Standard & Poor’s

United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

Publication date: 05-Aug-2011 20:13:14 EST


 

·        We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

·         We have also removed both the short- and long-term ratings from CreditWatch negative.

·         The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

·         More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

·         Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.

·         The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

 

TORONTO (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the long-term rating is negative. At the same time, Standard & Poor's affirmed its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's removed both ratings from CreditWatch, where they were placed on July 14, 2011, with negative implications.

 

The transfer and convertibility (T&C) assessment of the U.S.--our assessment of the likelihood of official interference in the ability of U.S.-based public- and private-sector issuers to secure foreign exchange for

debt service--remains 'AAA'.

 

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

 

Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see "Sovereign Government Rating Methodology and Assumptions ," June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government's other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.

 

We have taken the ratings off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment of 2011 has removed any perceived immediate threat of payment default posed by delays to raising the government's debt ceiling. In addition, we believe that the act provides sufficient clarity to allow us to evaluate the likely course of U.S. fiscal policy for the next few years.

 

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements,

the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

 

Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions," June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government's ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population's demographics and other age-related spending drivers closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now," June 21, 2011).

 

Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.

 

The act calls for as much as $2.4 trillion of reductions in expenditure growth over the 10 years through 2021. These cuts will be implemented in two steps: the $917 billion agreed to initially, followed by an additional $1.5 trillion that the newly formed Congressional Joint Select Committee on Deficit Reduction is supposed to recommend by November 2011. The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.

 

The act further provides that if Congress does not enact the committee's recommendations, cuts of $1.2 trillion will be implemented over the same time period. The reductions would mainly affect outlays for civilian discretionary spending, defense, and Medicare. We understand that this fall-back mechanism is designed to encourage Congress to embrace a more balanced mix of expenditure savings, as the committee might recommend.

 

We note that in a letter to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated total budgetary savings under the act to be at least $2.1 trillion over the next 10 years relative to its baseline assumptions. In updating our own fiscal projections, with certain modifications outlined below, we have relied on the CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to include the CBO assumptions contained in its Aug. 1 letter to Congress. In general, the CBO's "Alternate Fiscal Scenario" assumes a continuation of recent Congressional action overriding existing law.

 

We view the act's measures as a step toward fiscal consolidation. However, this is within the framework of a legislative mechanism that leaves open the details of what is finally agreed to until the end of 2011, and Congress and the Administration could modify any agreement in the future. Even assuming that at least $2.1 trillion of the spending reductions the act envisages are implemented, we maintain our view that the U.S. net general government debt burden (all levels of government combined, excluding liquid financial assets) will likely continue to grow. Under our revised base case fiscal scenario--which we consider to be consistent with a 'AA+' long-term rating and a negative outlook--we now project that net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high in relation to those of peer credits and, as noted, would continue to rise under the act's revised policy settings.

 

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

 

Our revised upside scenario--which, other things being equal, we view as consistent with the outlook on the 'AA+' long-term rating being revised to stable--retains these same macroeconomic assumptions. In addition, it incorporates $950 billion of new revenues on the assumption that the 2001 and 2003 tax cuts for high earners lapse from 2013 onwards, as the Administration is advocating. In this scenario, we project that the net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.

 

Our revised downside scenario--which, other things being equal, we view as being consistent with a possible further downgrade to a 'AA' long-term rating--features less-favorable macroeconomic assumptions, as outlined below and also assumes that the second round of spending cuts (at least $1.2 trillion) that the act calls for does not occur. This scenario also assumes somewhat higher nominal interest rates for U.S. Treasuries. We still believe that the role of the U.S. dollar as the key reserve currency confers a government funding advantage, one that could change only slowly over time, and that Fed policy might lean toward continued loose monetary policy at a time of fiscal tightening. Nonetheless, it is possible that interest rates could rise if investors re-price relative risks. As a result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year bond yields relative to the base and upside cases from 2013 onwards. In this scenario, we project the net public debt burden would rise from 74% of GDP in 2011 to 90% in 2015 and to 101% by 2021.

 

Our revised scenarios also take into account the significant negative revisions to historical GDP data that the Bureau of Economic Analysis announced on July 29. From our perspective, the effect of these revisions underscores two related points when evaluating the likely debt trajectory of the U.S. government. First, the revisions show that the recent recession was deeper than previously assumed, so the GDP this year is lower than previously thought in both nominal and real terms. Consequently, the debt burden is slightly higher. Second, the revised data highlight the sub-par path of the current economic recovery when compared with rebounds following previous post-war recessions. We believe the sluggish pace of the current economic recovery could be consistent with the experiences of countries that have had financial crises in which the slow process of debt deleveraging in the private sector leads to a persistent drag on demand. As a result, our downside case scenario assumes relatively modest real trend GDP growth of 2.5% and inflation of near 1.5% annually going forward.

 

When comparing the U.S. to sovereigns with 'AAA' long-term ratings that we view as relevant peers--Canada, France, Germany, and the U.K.--we also observe, based on our base case scenarios for each, that the trajectory of the U.S.'s net public debt is diverging from the others. Including the U.S., we estimate that these five sovereigns will have net general government debt to GDP ratios this year ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%. By 2015, we project that their net public debt to GDP ratios will range between 30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at 79%. However, in contrast with the U.S., we project that the net public debt burdens of these other sovereigns will begin to decline, either before or by 2015.

 

Standard & Poor's transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment reflects our view of the likelihood of the sovereign restricting other public and private issuers' access to foreign exchange needed to meet debt service. Although in our view the credit standing of the U.S. government has deteriorated modestly, we see little indication that official interference of this kind is entering onto the policy agenda of either Congress or the Administration. Consequently, we continue to view this risk as being highly remote.

 

The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.73

UK Pound

1

Rs.100.92

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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

 

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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%)

 

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.