ML20029D461
| ML20029D461 | |
| Person / Time | |
|---|---|
| Site: | 05000054, 07000687 |
| Issue date: | 04/21/1994 |
| From: | Stadler M HOFFMAN-LA ROCHE, INC. |
| To: | NRC |
| References | |
| NUDOCS 9405050429 | |
| Download: ML20029D461 (3) | |
Text
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- Hoffmann-La Roche
- l s a a e n u nc 340 Kings!and Seeet Nut.cy New Jesey 0710 EJ3 Martin F.Stadler 3
Senior Vice President hnance. Human Resources and Adm:ntstrahan (201)235-2022 April 21, 1994 4
4 U.S.
Nuclear Regulatory Commission Nashington, D.C.
20555 I am the Senior Vice President-Finance, Human Resources and Administration of Hoffmann-La Roche Inc.,
which maintains its principal place of. business at 340 Kingsland Street, Nutley, NJ 07110, a New Jersey Corporation.
This letter is in support of this company's use of the financial test set forth in Paragraph A.2 of Section II of Appendix A to 10 CFR Part 30, as referenced by 10 CFR Parts 50 and 70, to demonstrate financial assurance, as specified in 10 CFR Parts 50 and 70 on behalf of Cintichem, Inc.,
our subsidiary.
This Company guarantees, through the Parent Company Guarantee submitted to demonstrate compliance under 10 CFR Parts 50 and 70, the decommissioning of the following facility owned or operated by Cintichem Inc., a subsidiary of this company as indicated in our letter dated February 18, 1994 to the attention of Mr. Robert Wood.
The current cost estimates or certified amounts for j
decommissioning, so guaranteed, are shown for each facility:
U.S.
NUCLEAR COST OF ESTIMATES REGULATORY NAME AND FOR REGULATORY COMMISSION ADDRESS ADDRESS OF ASSURANCES LICENSE OF LICENSED DEMONSTRATED BY NUMBER LICENSEE ACTIVITY THIS AGREEMENT i
R-83 Cintichem Inc.
Cintichem Inc.
$29,287,833 SNM-639 Long Meadow Road Long Meadow Road Tuxedo, NY Tuxedo, NY 10987 10987 The Company is not required to file a Form 10K with the U.S.
Securities and Exchange Commission for the latest fiscal year.
This fiscal year of tnis Company ends on December 31.
The figures for the items marked with an asterisk on Appendix 1,
" Financial Test: Alternative A.1,"
attached hereto, are derived from this Company's independently audited, year-end financial statements and footnotes for the latest completed fiscal year, ended December 31, 1993.
9405050429 940421 hI
{DR ADOCK 05000054 V
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U.S.
Nuclear Regulatory Commission April 21, 1994
, Page 2 I hereby certify that the content of this letter and Appendix 1 hereto are true and correct to the best of my knowledge.
Please confirm receipt of these documents by signing and returning the attached copy of this letter.
l Very truly
- ours,
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[(kb,l.v U Q7 l
MFS/ges Enclosure i
j Receipt Acknowledgment:
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Appendix 1 Hoffmann-La Roche Inc.
Financial Test:
Alternative A.1
($ Thousands) 1.
Decommissioning cost estimates for facility (R-81 SNM-639) total of all cost estimates shown in paragraphs above 29,288
- 2.
Total liabilities (if any portion of the cost estimates for decommissioning is included in total liabilities on your firm's financial statement, deduct the amount of that portion from this line and add that amount to lines 3 and 4)
$1,892,993
- 3.
Tangible net worth 326.684
- 4.
Net worth 584,659 1
- 5.
Current assets
$. 842,605
- 6.
Current liabilities
$ 616,532
- 7.
Net working capital (line 5 minus line 6)
$ 226.073
- 8.
The sum of net income plus depreciation, depletion, and amortization
$ 439,222
- 9.
Total assets in United States (required only if less than 90 percent of firm's assets are located in the United States)
N/A Yes No 10.
Is line 3 at least $10 million?
X ll, Is line 3 at least 6 times line 17 X
12.
Is line 7 at least 6 times line 1?
X 13.
Are at least 90 percent of firm's assets located in the United States? If not, complete line 14.
X 14.
Is line 9 at least 6 times line 17 NLA N/A (Guarantor must meet two of the following three ratios) 15.
Is line 2 divided by line 4 less that 2.07 X
16.
Is line 8 divided by line 2 greater than 0.1?
X l
17.
Is line 5 divided by line 6 greater than 1.57 X
- Denotes figures derived from financial statements.
( A.1) As set forth in Paragraph A.1 of Section II of Appendix A to 10 CFR Part 30, as referenced by 10 CFR Parts 50 and 70.
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