Document 6BanQ7qM4wpyzON7Xw1bQ9V1R

FILE NAME: Phenolic Resins (PHR) DATE: 1946 DOC#: PHR071 DOCUMENT DESCRIPTION: M oody's Manual of Investments - Union Carbide Entry MOODY'S MANUAL OF- INVESTMENTS AMERICAN AND FOREIGN ? / -- :-- i -- i ------------------- --- , * ' --------------- -- -- E toU ST R IA L SECURITIES j JOHN SHERMAN PORTER, EdItor-in-Chief V I 7 Editorial Board , i ! ' / Frank J. St. Clair G eorge I. Blair Arthur W. Herrmann David M. Ellinwood C. Wesley Lee Ma x Brupbacher 1946 copyright, 1946, Y M oody's I nvestors Service, New Y ork 1.1 ItIGET SBXVX MOODY'S INVESTORS SERVICE 65 B R O A D W A Y , NEW Y O R K 6, N. Y. P H ILA D E L P H IA Stock Exchange B ldg. BOSTON 75 Federal St. C H IC A G O LOS ANGELES PITTSBURGH SAN FRANCISCO 105 W . Adams S t. Hollingsworth Bldg. Union Trust Bldg. B oas B ldg. LONDON: MOODY'S INVESTORS SERVICE, LTD. 2518 ST A T IST IC A L R E C O R D 1944 Earned par ahara---------------------------D ividends p e r share---------------------- 15.44 $ 12.00 Pries r a n ? ---- -- ...........--...........-------- 370-26714 168.27 N e t tangible assets p er s h a r e --------N um ber o f hares------------------------- 900.000 CAPITAL TOOK ,, , . _ JE 19211924__ L S in g er M an u factu rin g C e . cap ita! stock; 1927-28 A U T H O R IZ E D --1 200.000 shares: Issued and 1931-- 1934-- outstanding. 900.000 shares; par 100. 193*-- D ivid end R ecord (In S) 1914411-- (100 p ar share?) 1943 15.12 * 12.00 41-17584 *165.28 900.000 5-00 9.00 28.00 15.50 14.50 12.00 88..0000 1922-- 1925-- 1929-- 1932-- 1935-- 1989 1942-45 s 1942 1941 1940 1939 3.41 1939 10.58 14.21 12.00 13.71 32.00 S .00 7.00 *19-116 12.00 254-200 181-130 162 58 15984-10214 *160.78 155-99 *155.31 151.58 155.44 900.000 900.000 900.00U0O s9u0v0.u0u00v 00.000 __ 1923-- 7.00 bu t pavm ent w as postponed Indefinitely. (BTo l5:w 26.00 1926-- 1930-- U.00 M a r. 15. . 22.00 L IS T E D -- U n listed trading on New Y o rk C u rb *.00 1933-- 6.00 Exchange. . _ 31.00 7*.0W0 1936-37 18.00 T R A N S F E R A G E N T -- Registrar Ac T ran sfer 1a*p4w0. .... 1.00 C o., Jersey C ity , N . J . 12.00 1M 6- - 3.00 R E G IS T R A R -- C om m ercial T ru st C o., Jersey C ity , N . J . - p h ic e r a n g r - 73-1911 avah* 1 1 4 __ 12.00 1917... 11.00 1 *-- ,1915-- m *-19 00 -- 0 *00 101-- 00 10.00UN10I2O0--NBI7.9C0ARBIDE & CARBON CORPORATION CA P IT A L ST R U C T U R E CAPITAL STOCK p V a lu e Am ount O u tsta n d in g i r v l3SUe no nar 9.277.788 shs. L m ^ ter* p<at-war contingen cles," earned p e r share: 44. 3.72. E arn e d p er S" h. 1945 1944 4.08 00*4.06 L td -D ry D iva, 1945 p e r1"S94"h4. 3.00 3.00 c e ll Ind ustrial PC~r~aiclle Gases A P rice Range 1945 1932-45 10284-7884 111-1584 C ^ ld e z R anks as thtea H I8T O R Y Canb ^ r l^ s tlcS5 bon electrodes and other car- fOT aretylene and made b ^ T S k rp ^ te d 'in lfe w Y o rk . N o v . V ia iJ aa_a bon holding com pany and acquired 8|i* 8 Canadian R ailroad S e iw e Co.. L . follow ing fo u r com panies and th e ir subsld- * Carbon C hem icals Lorp-. . . ------------------ * - " * ,n * P ^ a n ic ^ c h e m te a ls ._lM ls LW Can ,, , a_ eok5 fh^ torm * ? farm and m ine lig h tin g , in tte form " G arble" processed carbide in flcodUghts ana p ^ a b le ^ etylem a g e n e r a to r s ^ a n ^ a g a r ic bide C o., ineoi 1898. F o r detai E le c t* S h m g t c a l Co., W . V . - F e r r o - g 8*to*19! 8 acquired a ll o f t ie com m on stock of O xw eld A cetylen e C o. a * form ed the w hoUy ow ned subsidiaries, Cana d ian N a tio n a l C arbon C o . L td . and Prest-O - lit e Co. of Canada, Ltd . . In 1919 acquired a ll o f the corrm on stock of O xw eld R a ilro a d S e rvice C o. and te tte wime year form ed the w h o lly owned su b sid la riM D om inion O xygen C o ., f,td . and K em et La b - w uul|l producer* luefaction o f alp) ` `Ion are used w elding and sg | , o r w " * s -a s s * t IRi0.Tld3L<^ i9 I?A ued 43.344 sha,'i l 3 jt acquire pH o f the stefck of M adison A ven u e C orp.Tsu cceeded by C arbide & Carbon R ealty Co. f r c ). ow ning a 22-rio ry office .t^ iild iijg at tha^ location in New Y o rk other gases^deriVp o w e r ^ o f M ich.-- B e c - " h l l t S ! ? C h y '/920 Issued 37.500 shares to acouire H avnes S te llite Co. and form ed the w h o lly m^ned su bsid iary, C a rb id e & C arbon C hem l- 3 e CS rM ch lbg taon J Ru aiilirTMoa.d Co.. 7>9.384-*I-n -' v 'X Am 'ia B 'S N n hjSP form ed a w h o lly ow ned su bsid iary, E le ctro M e ta llu rg ica l Co o f Canada. L td ( In 1924 aftorm eda a Owmnhu1o4ulwlyj1Coftw nIendi'.1subsidiary C* {? l I l s ^ d stock of A ktleselskabet Saudefaldene (Sauda F a lls Co-j ^ a n t In N orvujy " -- Ther p^.*t-0 -L ite Co.. Inc.. N . Y p ^ ^ L it e Company of Canada. Ltd ' m !- ^ r^ p a n y of Canada. Ltd m ivsv vy vuc p u lw a r - c a h ^ .e a rb .d e , Ull VU w*wv ^ tories. Inc. N . Y .- V---l-n--'-?-^--6----p--u--^--^rdsp ai .te nt aj ! ia.n5ds so t"te r a sse t, u . T v a n a d iu m C orp .., DD ee ll..---Vvaennaadoljuumra and n e rta ln fn g o d y to the dry cell battery busi tungsten m ining. ness o f M anhattan E le ctrica l Su o oly .C o - and Sbbsidiaries* In w hich votin g power was less the property and other assets o f C orliss C ar- than l1O00%'S.w eerree;:^ , , aII1 bin Ci927. P rest-O, _-_L__i_te. C__o__._,__I_n__c_.,j asu bsidiary. Autopoint 0 0 .-7 7 ^ 1 % ^ u Ltd.-51% DB d l^ o ie d ' t f T t riora^ e^ battejy business Co Canadian Resins & C h e ^ SKBSM? jviazaa miiuamay --g ,, {r66Z6 Hydrocarbon gases, ** " e^t&u;,S"S Sr ^n ^M^ luy- ilr %t l t |eSttee . _ w* J d*e"l y* ^* a d ven ts tn the autom obne lacqu er, v ^ t h ^ n o ^ t t y i d co h d h * u se d as an anti- y<in t' l 927- form ed w holly-ow ned su b sld ta n r A m erlcan S ^ M t e <^.. ln c .. w hich acquired assets o f A m erican C a rb o llte C o -,2 i i r^ A che- Tn 1^29 Acauired the com m on ito c s o f Acne* son G rap h ite C orp .. engaged in the production rf^ ra p h lte products, sp ecia lizin g In electrodes W ^ c ^ e T M l e h l g a n O x -h y d ric Co. " to m r a c o u t ? ^ a d dition al land s and righ ts o s " W ver tn W est V irg ln ia fo r the deveioom ent o f a h y d ro -e le ctric station. In 1929 acq u ired A V tieselskabet M eraK er leatose1a9n30d a3c7q-ustioreryd Ccaureb itdoe and Carbon b u lld 111to* 193? f m m d a w h o lly ow ned suhridlaJ^ . -Carbide 8c Carbon C h em icals, L td ., to conson a t o M ra TM i S ?om ^Di5 * Ic e * C o r p . o f A m erica*, dry ice producing p lan t at N iagara in foreig n countries, as*fo\- these foreig n com panies since 1935 are as 101 low s: D ec.31: IJo* 1944........... 37 37 1941I I I - - 36 1940-------- 42 1 ^ 9 .......... 1939--- -- -- *1 ................ ... ^ U n d e V b a tin g cSa, ileMs &x . O per. Rev. -11-22-,.-66-00-00--,.99-11--66 10,630.658 10.607.480 17,791^04 13,462,765 17,8*9,054 17,769.792 15^213 15^13.107 17.90336 15.105.138 IS .897357 15.118,771 14.647393 conditions Inform atiSi)'Sd a v a ila b le . ___ _ BUSINESS A PRODUCTS The business m ay be segregated Into flve groups' fr ^ e V c n d S d e . ta fe e ra y 0 a i film and p lastics tod u sW M .^ ^ alcohol, used production of for- m ch iO T ta d e d acetylene. e-d ^ d e ln p d 8 fo r tii* m anu factu re o f d ry Ice. . G lyco l-eth e rs. . "A ld e h y d e s. Esters. __, E th e rs and oxides. .. - . ., G ly co ls. , K e to n e s. - . . r ^ " . ,, ^ l-s o d u c ti s^^ylinnnth^s e, tuuicsseerdde fiIenns pMroioduocsaemP^ tr gpmlasntuictsa,ctaurseuboo-fl S S s ? M s5 & ! c ^ S l* N o v T l939 a cq u ire d a ll the p rop erty and assets o f BakeR ta C o rn . ( B e l.l. m anutocto re r o f phenol-form aldehyde and Otte r type p la c e s , p aying th e re fo r 187^00 shares of Stock. . : ' ' __ S U B S ID IA R IE S . steels. O ther pr; A r ^ ^ n |lP ^ y l r y ` f m 8 10086 o f the votin g co n tro l o f the follo w ing : tools and sp ed ai __ . ... * 4 4 --v .--./ tncflSM*1 * 8514 MOODY'S M ANUAL OF INVESTM ENTS PRINCIPAL PLANTS A PROPERTIES In 1944 _ I n _ 1 ,f 2. com panies com prising the fiv t to coordinate CSSS above operated 197p lan t* In the ous plastics developed b y several oper _ g n lte d S tates and C ta a d a lo ca te d in 118 cities, u n ite. T his M in g* to five the num ber o f groups refun d, if any. .............. P tw tace^ . fa add ition , m a i toto w hich com pany's business 1* divided. T he <b) Incom e and excess profits taxes as com tsfaed m sales o ffices and 1,145 warehou B ak elite C o ro ., W h olly-ow n edrobsidiary. w ill ca rry , on ales o'?fr^thiieL .nnle?wr4EgroliVupp.- a . puted fo r year 1945 are low er In am ount o f approxim ately $2,423,000 b y reason o f pay-.' a i& o ily ^1,1w n_ S5'd ^ 'W* " a F---y---T-V-f--ao-n-r-a-r-d--iu--m-n--e-C-w-o*dKr o&. .*.. m ents during year fo r pasf-servioe annuittefi ta anaount o f $2,919,010 w hich w e r*ih a rg e d jp isI*fnonniw7twohitbviaHcecVh`KAMwMvnrroau!iaTlw*ll Hnu--m"wfa-a$-si9n-u-tmushf-eav-c*mltu-U-u--ve-$rwt-egailatc-n-hn-decmnmuiac_arkluseadatxivi 'S l- into---c--o-n<ip--o--u--nd** -o*f --certain meettaallss,, tec* ^ A lle y s and Metals: Prlnatptil plants o f this tu n g ste n , o th e rs . m olybdenum , v a n a d~iu m l" *" . ./ ..,U,U,847 -----. . . . ,u - com e and prolife taxes) na? been charged to NIANAQEMBIVT w artim e adjustm ent reserve; o f n et am oun t *1,403.453 applies to 1944. , ... etectrie fu rn ace operations, owns and .'erson. P residen t. BALANCE SHEET8 .. ,;. rr -rerty, Vice-President. .... T aken from annual reports to stockholders; ates lu -ge pow er properties includin e a ] owning. V ice -P resid en t. ' fo r prior years from S E C reports, see below ; 5ofe?1401,00w0iihv.pe.loapn,d2ean*stwealmth-electric p lacan i wun .Jtte rd . V iee-F resid n n t -----.v ,, . W h ite, V ice-P resid en t - - Consolidated B alance Sh ee t, as o f D ec. 31 (in clu d in g subsidiaries operating in U . S . and v S S t e2?.5,`Ey ,o f >out 70.000 h .p . in W est - G . D avidson, V ice-P resid en t (Chem icals) Canada): ,...................... electriec p lia__n__t__d__r_a_b__o__u_tN4o6r,i0w00a'yh .pa.nadt Sat S te R . T . HofPmen, V ice -P res. (fa d . R elations) A` ssets: . S . B . K irk , V ice-P resid en t (Gases) C a s h _______________ 1945 1944 * $104.058.962 $110.984,920 M--a-r-ifeu, MBiucihu.uuInii, asdudbistitoan tial quantl" f* ot electric pow er are purchased under J . W . M cL aughlin . V ice-P res. (Plastics) W . J . P riestley , V ice -P res. (A lloys) U . S . ta x notes . . . M arket, secur. . . . 34,000,000 .1,886,198 49.no,000 4,118,648 hw ?Bi.io . opr8ti 055 *, N tfliS ra F a lls, N . Y .: ^ ** <V P r ,p r (R alh vad) R---e-c--e--iv--a--b--l-e-s- ,--n--e---t-.. Post-w ar tax ref. 42,218,596 ,, 5,729,495 . -5..4,1,,62.3i a' ..,. S h effield , A la .; an d W alland, O r - h u te d lK o ie ^ n a c tu r e S ^Ieitim^carbde! Directors H)Inventories -- I 80.067183 71,378,438 plants, fo r w hich are given under th e ioH cw l 'ig division . R . R . B row ning. N ew Y ork. ffiG eorge W . D avison, N ew Y ork Total current Lan d , bld gs., e te .. $281,571,280 $290,414.244 873,807,877 856.172,21 C Ind ustrial G n e j & C arb id e: P lan ts fo r the Jn a n u fa ctu re o f cald u ra carbide are faceted - Jr -. New York. 2)Fred H . H aegerson. New Y o rk D epree. & am ort. N et property . . 256,690,326 117,117,051 204,651,181 151,521,029 ^ N ia g a r a F a ll* , N jfY ; W ellan d ..O n t: Sau lt Stte. Marie, Mteh. Mid M eraker. N orw ay. Hom er A . H o lt, Charleston. W . V a . , Paul P . H uffard, N ew York P aten ts, e t c ._____ EOInv. in affiliates 1 8,011,182 1 8.808,852 O p lannttaetIne th e prln ?al iannddustarniaaldcaanotpeerrsatfeoar [DBenjaipin O 'Sh ea, N ew Y ork gl.Tames A . R afferty , N ew Y ork . RJFgn. sub. invest. O ther securities -- 23,553,864 20.980894 567,866 ta tm an u factu re Vi t, oxygen and other gaias Edw ard 5. W hitney. N ew Y o rk . by t.h..ve li*qHuWe'MfaVcWtiUo4n wo f cauir aRnUdQ Upl1aBnItIs flo r tUhlVe RJM em ber a t E xecu tiv e Com m ittee Post-w ar tax r e f.. Prepaid in s., e tc - 191,897,010 (912,013,918 1,927,372 1,872,176 m am m eture o f acetylene from calcium carb id * Tw o plants^ ip the u n ited States are oper A n n u al M eeHnip T h ird Tuesday in A p ril, f * . o f Stockholders: D ec. 6. 1945, 74,888. T o tal _________ $428,077.709 $481,178,976 ated fo r the production o f exy-acetylen e w eld in g an a cu ttin g apparatus and supplies. .G e n e r a l Offlc*: Carbid e A Carbon *0 E . 4?nd S t.. N ew Y ork 17, N . Y . B ld g , L iab ilities: A ccta. p a y a b le ___ $17,748,841 $18,467,345 eastern* etaetrw lM . r^ u fa ch y ta g p la n ts ta d B atteries; C h ie f o f tw T d lv U io n ere INCOME ACCOUNT8 T a k e n from reports * to stockholders; fo r D iv s. payable . . . A ccrued ta x e s ___- 6,958.341 63,755,803 6,858,341 95,384.540 prior years (as reported to S E C ), see below : Interest accrued . O ther accruals . . ^ C o n so lid ated Incom e A ccou n t, yeas* ended 4,249~62 19O0O 4.968.879 W S & E & P * * : O ee. 31 (including subsidiaries operating in Debentures due ~ 1 ^00,000 . Cltem laab lAooontde,dWa. tVa.,.; 'Issfle *: p rin cip al plants a rt U . S . andi fC.ann.aAda.t):. . fest n , H astin gs'an d ~D- N et s a le s _________ 1945 1944 Total current N ot stated QJ8577,874,598 W artim e ad j. res. N et e a r n in g s ____ $92,712.606 $128,369,UK! 8.891.852 - 14,000,000 Sitm d E ' ad[tiBn`algot, ofMamSdIf*i.);e lT*dev, AxNuaCs. C ity , T ex .; J .; Leachi W artim e a d j. re s .. y ., and l F a lls, N . Y . B a la n c e _________ __ $134,475,044 134.475,044 161,053,777 D eb. 2i4s, 1963 ___ 6.315,714 154,788,052 D eferred liab . . . . .625.298 2 1 , 0 00,000 1,642,062 f. Art fa ad d ition , la rg e o ffice buildings l^ K e w Y ork Snd Chicago. D eprec. & d ep let A m o rtiz a tio n ____ 14.857,664 22,829,819 Post-w ar co n t res. 14,761.234 WC ap ital stock . . 18.270.505 Earned surplus . . 15,000,000 192,879,842 115,968.111 15,000,000 192,879,842 108,287,969 . Com pany h supervised construc^cm o f a B a la n c e ____________ In terest ____________ num bw o f p lan t* fo r governm ent including In c . & p ro f, t a x .. 96,787.561 582,941 121,706,824 674,290 T o tal ................. r428,077,709 $431478,978 pum fe fo r R u bber Reserve C o , fo r production Of butadiene and styrene used in m anufacture Met in c o m e ____ _ Post-w ar cont. res. 58,315.094 87.889.526 83.306.527 N et cu rr. assets -- 188,858,674 37.725.506 8 A t lower o f cost or m arket. $162.045,139 - Of synthetic ro b b er; plants fo r M etal Reserve C o . fo r treatin g tungsten and vanadium ores, B alan ce --_________ 37889.526 8,244,922 34.480.584 9.277,788 no par shares. '19A t cost or less. V " and plants fo r D efense P lan t Corp. fo r pro D iv id e n d s_________ Su rp lu s fo r y e a r. duction o f m agnesium and other electric-fu r 27,883,864 10.056,162 27,833,364 E Investm ents in w holly-ow ned foreign sub 6,647,220 sid iaries excluded from consolidation at cost r.c nace products, grap h ite electrodes, batteries, E arn , surp ., 1-1 . . ESCredits . . . . _____ and o tijer carbon products, and plante fo r the 108,287.969 542,990 104,185,353 or less. . j ... 395,195 (Slncludes $2,438,679 excess profits ta x re production o f oxygen . Som e o f these plants ffiA n n u ity a d ju s t.. E arn, su rp ., 12-81. - m pany under lease agree- 2,919.010 115,968,111 2.939,805 fu n d bonds. 108,287,969 -ECanadi& n only. ,, - -1 r G overnm ent on fe e bas!. E F ro m S E C report. N o te: Foreign subsidiaries, all 100% owned, -,S . V anadium C o rp ., sub p m n iTM .' - i . -------------- - -- -- * are shown as investm ents. O n ly th at p art o f i its vanadium and Uranium e^ In c lu ederin ii* ? ^ ,nin ^ i5 ir^ * t , Incom e o f such subsidiaries received during at N uela and N atu rita, Colo. kefaSXe 1TiSi^r*iet Y o J?e year 10 dividends is included in eonsoldated at Deo' 8I- S293i6D: ncom e. Unaudited reports covering less than ^ je . T ii' C A m ,- __ , , . fo il year indicate th at incom e o f com panies m r C?- ^ Bubssdiary, w as closed down in ttiial-tbioinn*ffonir*i19u44?sa?nr5d?niio specific provisiionneiha*s pdaivyiidnegnsduschpadidiv.idends w ill exceed am oun.t...o...f.. (N CO M B C C O U N T 8 been m ade in 1944 other than general provision A ccounts certified by Hurdm an St Cranstoun. ^5PARATTVTC C O N S O L ID A T E D IN C O M E A C C O U N T Y E A R S E N D x n n * r Taken._ ^ 7 > P o rte led w itt S e r o ^ e i w d $1 : - 9M: totuma, etc..-- (Pot 11994454figu res taken from 1943 rep ort to stockholders, see 19 1941 above) e07,91,i $488.350.613 $404380,653 1940 1989 43,088d 89,970.2 333.402.178 <^4,566.058 1317,785,988 ^ .7 7 8 2 4 1 28,593,038 8231393395 138,675,065 ,921.308 8170346,684 105,785,725 21,504,0 $180380316 $0339325 19335.974 12,7 r 1,199 40^06 68397 ' T 69.403 138379 110311 Interest on ~se cu xltlcsl1 $124,848,050 1A37/"' $120, 1,587 4H6l,101 $103,092,452 $67,727.619 r 362.064 fla s h '> 200,188 618,920 123,070 586313 i , 248,435 6357 fo rg n " s iL n w id ^ ^ M iscellan eou s o th er i n c oe t e l l TM ~ Jrot incom e ---------------- 1 .^ ,1 . 128,097.671 M .998 122,928.79* 105,474, 711355 786.490 e'> e . , .. fe i ^M iscellan eo u s incom e d e d u c tio n s ... ; Provision fo r depreciation A dep le - 6 .3 9 1 3 . 8331379 51, 79.179316 , .5M.679 l,OMl ... t * tion o f fo reign p r o p e r t l ,, - ....._ - Interest and debt discount and e x p ... 'J W ~8923g W i.i 2.500.000 1.241,7 . $21,___ ____ fr tttoTM^irr-z~ir _ und, exe*s profite ta x .. 88,400388 118324.1TM 79,882,27 104,529,9 6j441,220 85,888.509 48,641,885 S,712,458 "^339*045 er 5,093,854 B ----- - . . - i-w F c S o i^ n S S r yesp ^ *ZZ.--Z. $37,725.506 $38,342,389 585.166 $3.088.t23 3 1 3 H 2,041,625 $,247374 "7 ,4 5 _A m ouni tran sid , tp su rolu a E a rM d su rp ^ .^ b e g jM ilo g n f y ^ 531369.411 $42,041,625 $ 7 3 7 4 '$35347.400 'S ' tl.40S.T80 dead --- . . . 58.862 ' 0^a 7'o2 " 1 B B P lu * ta a rg e * : $7383.3 1 0 ,6 0 2 3 ` 23358.30 4,401371 U 374326 639029* ' ` , en d o f y e e x .,, ,, ___ _ ff* . fc L . DATA $108387358 00339.150 $ . 8 3 8 $ W S Z f -- -- -- i rapatela ln - i ; ' S5*r **5 f t i a i c u i i o r u . j other tb n Federal $16.354.460 S1 ,0 3 7 $15,253,906 ,497,079 0304,774 86319359 15,925.885 *5,369,640 11,6773*0 < m i * * **J ' ` ' in em n e. ate and r o y e i t e t e - - ..j...- .^ ._ ^ 11,082,5 2,940370 7300,659 g t com pany's n et in o o m e .i.^ _ _ g tv to M p inge a f sab s, o o n s.;*^ $8.949.5 ,457340 J , 7*7,631 *4 5 .9 7 5 ^ :ixte fro m su b s, consolidated__ _ m In earn in g* o f su b s, n o t i from . auba. n ot 1,588.750 58305 1.943332 Sf.416,609 59,800 27,717 0 463.424 54*1*29 1,100,5 13 S 1.1M399 1403 ImS