MIRA INFORM REPORT

 

 

Report Date :

17.01.2007

 

IDENTIFICATION DETAILS

 

Name :

EMERSON ELECTRIC CO.

 

 

Registered Office :

8000 West Florissant Avenue, St. Louis, Missouri 63136                       

 

 

Country :

United States               

 

 

Financials (as on) :

30.09.2006

 

 

Date of Incorporation :

1890

 

 

Legal Form :

Corporation – Public

 

 

Line of Business :

Designer, manufacturer and seller of a broad range of electrical, electromechanical and electronic products and systems.

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : EMERSON ELECTRIC CO.

Trade Name(s)               : Emerson Motor Technologies

               Emerson Network Power

               Emerson Process Management

Address                        : 8000 WEST FLORISSANT AVENUE

City                              : ST. LOUIS                   

State/Province               : MISSOURI                    

Zip Code                       : 63136                       

Country                         : UNITED STATES               

Telephone                     : 314 553-2000               

Facsimile                      : 314 553-3527                

Legal Form                    : Corporation - Public

Founded (D/M/Y)           : /  /1890

In KUSD  As of              : 30/09/2006

Sales / Revenue : 20,133,000  

Net Income                    : 1,845,000  

Total Equity                   : 8,154,000  

Number of Employees    : 127,800  

Website                        : www.gotoemerson.com

Business Activity           : Designer, manufacturer and seller of a broad range of electrical,

                                      electromechanical and electronic products and systems.

 

 

NOTE TO CLIENT

 

NOTE:: LEGAL NAME:   EMERSON ELECTRIC CO.

 

ORDERED NAME: EMERSON MOTOR TECHNOLOGIES

 

Please note that the ordered name is a division of EMERSON ELECTRIC CO.

 

In addition, the ordered address PROTRANS INTERNATIONAL, 8511 MILO ROAD, LAREDO, TX 78045, is a branch office for EMERSON ELECTRIC CO. which is also shared by a non related entity; PROTRANS INTERNATIONAL The heading address is the headquarters for EMERSON ELECTRIC CO.

 

The information in this report was obtained from the 2006 Annual Report.

 

 

IMPERATIVES

 

From Corporate Website:

 

" Emerson Acquires Damcos Holding A/S

 

Acquisition further expands portfolio of valve automation and marine tank management solutions for global shipbuilding industry AUSTIN, TEXAS, January 5, 2007 – Emerson (NYSE: EMR) today announced it has acquired Damcos Holding A/S from the 3i Group PLC (UK: III) of the United Kingdom; Danfoss A/S of Nordborg, Denmark; and the Damcos management team. Terms of the agreement were not disclosed.

 

Damcos (www.damcos.com) is a leading supplier of valve remote control systems, tank monitoring equipment, and complete marine tank management solutions to the global marine and offshore markets. It will immediately become part of Emerson’s Process Management business, complementing the company’s established marine measurement and valve actuation brands, which include Saab Rosemount TankRadar, and Bettis, El-O-Matic, Hytork, Shafer, and Dantorque actuators...

 

...Founded in 1960 and based in Naestved, Denmark, Damcos became a leading supplier of hydraulic equipment for the local marine shipbuilding industry.

 

Since the early 1990s, the company has developed into a leading, global supplier of marine actuators and integrated marine tank management solutions. Since 2004, Damcos has had a strategic partnership with Emerson to sell Saab Rosemount TankRadar systems to the tanker market. Damcos has production facilities in Naestved; Ry, Denmark; Busan, South Korea; and Shanghai, China. The acquisition includes all Damcos’ technologies, manufacturing facilities, and employees."

 

 

LEGAL

 

Legal Form                                : Corporation - Public  

Since (D/M/Y)                            : 24/09/1890

State/Province of Incorporation    : MO

Status                                       : ACTIVE

Previous Legal Form                   :

Company is required to publish an annual financial report.

 

MISSOURI SECRETARY OF STATE

Name:  Emerson Electric Co.

Name Type:  Legal

Charter Number:  00005170

Entity Creation Date:  9/24/1890

State of Business.:  MO

Reg. Agent:  W.W. Withers

                     8000 W. FLORISSANT

                     ST. LOUIS MO 63136

_____________________________________________________________________

STOCK QUOTE    As of 1/16/2007 in US Dollars

Ticker:  EMR

Exchange:  New York Stock Exchange

Stock Price:                  44.16

52 Week High:              45.21

52 Week Low:                           37.95

Shares Outstanding:      800,673,000

 

 

Managers/Key Personnel

 

Mr. David N. Farr                        Chairman &  Chief Executive Officer

Mr. Edward L. Monser               Chief Operating Officer

Mr. Walter J. Galvin                   Chief Financial Officer

NOTE:  The Subject has several subsidiaries.  The following is a sample of these subsidiaries:

 

COMPANY NAME                                                                     JURISDICTION

____________                                                                           ___________

 

AIH, Inc.                                                                                                Delaware

AIHL, LLC                                                                                 Delaware

Alco Controls S.A. de C.V.                                                         Mexico

Applied Concepts, Inc.                                                               Pennsylva

Woodstock Land Company, LLC                                                             Missouri

Artesyn Technologies, Inc.                                                          Florida

Artesyn Communication Products, Inc.                                        Wisconsin

Artesyn Communication Products Scandinavia AB                        Sweden

Artesyn Communication Products UK Ltd.                                   Scotland

Spider Software, Ltd.                                                                  Scotland

Artesyn Asset Management, Inc.                                                Delaware

Artesyn North America, Inc.                                                        Delaware

Artesyn Cayman LP                                                                   Cayman Islands

Artesyn International Ltd.                                                            Cayman Isla

Artesyn Ireland Ltd.                                                                    Cayman Islands

Artesyn Technologies Asia Pacific, Ltd.                                       Hong Kong

Zhong Shan Artesyn Technologies Electronics Co., Ltd.                China

Artesyn Netherlands B.V.                                                           Netherlands

Artesyn UK, Ltd.                                                                        United King

Artesyn France S.A.R.L.                                                            France

Artesyn Holding GmbH                                                               Austria

Artesyn Austria GmbH                                                               Austria

Artesyn Austria GmbH &  Co. KG                                               Austria

Artesyn Hungary Elektronikai kft                                                             Hungary

Artesyn do Brasil Comercio de Produtos

de Conversao de Energia LTDA                                                   Brazil

Artesyn Germany GmbH                                                                        Germany

Artesyn Elektronische Gerate

Beteiligungs-und Verwaltungs-GmbH                                           Germany

Artesyn GmbH &  Co. KG                                                           Germany

Artesyn Delaware, Inc.                                                               Delaware

Artesyn Delaware LLC                                                                Delaware

Artesyn Technologies Japan KK                                                  Japan   

Astec International Holdings Limited                                                        United King

Astec America Inc.                                                                    Delaware

Astec Electronics (Malaysia) Sdn Bhd                                         Malaysia

Astec Germany GmbH                                                                           Germany

Astec International Limited                                                          Hong Kong

Astec Advanced Power Systems Ltda.                                        Brazil

Astec Advanced Power Systems (Malaysia) Sdn Bhd                   Malaysia

Astec Advanced Power Systems (Penang) Sdn Bhd                     Malaysia

Astec Agencies Limited                                                              Hong Kong

Astec Custom Power (Hong Kong) Limited                                   Hong Kong

Astec Custom Power (Philippines) Inc.                                        Philippin

Astec Custom Power (Singapore) Pte Ltd                                    Singapore

Astec Electronics Company Limited                                            China

Astec Electronics (Luoding) Company Ltd.                                   China

Astec Nanjing Design Engineering Company                                China

Astec Power Supply (Shenzhen) Company Ltd.                            China

Astec Power Inc.                                                                       BVI

Astec Power Philippines, Inc.                                                      Philippines

EMR Holdings Limited                                                                Japan

Stourbridge Holdings (U.K.) Limited                                                         United Kingdom

Brandenburg Limited                                                                  United King

Mirroware Manufacturing Limited                                                             United Kingdom

Astec Europe Ltd.                                                                      United Kingdom

Astec International PLC                                                              United Kingdom

Astec France S.A.R.L.                                                               France

B.B.I., S.A. de C.V.                                                                   Mexico

Branson Ultrasonic S.A.                                                             Switzerland

Bristol Inc.                                                                                             Delaware

Bristol Digital Systems Australasia Proprietary Limited                 Australia

Brooks Instrument Canada (1967) Limited                                    Canada

Buehler Holdings LLC                                                                 Delaware

Business Services Philippines, Inc.                                             Delaware

California Emerson LLC                                                              Delaware

ClosetMaid Corporation                                                              Florida

Clairson, Inc.                                                                             Delaware

Clairson de Mexico, S.A. de C.V.                                                Mexico

ClosetMaid (Hong Kong) Limited                                                 Hong Kong

ClosetMaid North America, Inc.                                                   Delaware

Compania de Motores Domesticos S.A. de C.V.                           Mexico

Computational Systems, Incorporated                                          Tennessee

CSI Technology, Inc.                                                                  Delaware

Emerson Process Management Distribution n.v.                           Belgium

Controles Electromecanicos de Mexico S.A. de C.V.                    Mexico

Control Techniques Iberia S.A.                                                                Spain

Control Techniques Sweden AB                                                  Sweden

Cooligy Inc.                                                                               Delaware

Daniel Industries, Inc.                                                                 Delaware

Bettis Corporation                                                                      Delaware

Bettis Canada Ltd.                                                                     Canada

Bettis France SARL                                                                   France

Bettis Holdings, Ltd.                                                                   United King

Bettis UK Ltd.                                                                                        United Kingdom

Prime Actuator Control Systems Limited                                      United Kingdom

Prime Actuator Control Systems UK Ltd.                                     United Kingdom

Dantorque A/S                                                                           Denmark

Hytork Controls, Inc.                                                                  Delaware

Shafer Valve Company                                                               Ohio

Daniel Automation Company                                                       Delaware

Daniel Industrial, Inc.                                                                  Delaware

Daniel En-Fab Systems, Inc.                                                                  Delaware

Daniel International Limited                                                         United King

Daniel Europe Limited                                                                United Kingdom

Daniel Industries Limited                                                             United Kingdom

Spectra-Tek Holdings Ltd.                                                           United Kingdom

Spectra-Tek UK Ltd.                                                                   United Kingdom

Spectra-Tek International Limited                                                 United King

Greenfield (UK) Limited                                                               United Kingdom

Daniel Measurement and Control, Inc.                                          Delaware

Daniel Industries Canada Inc.                                                      Canada

Daniel Measurement Services, Inc.                                              Delaware

Metco Services Limited                                                              United King

Metco Services Venezuela, C.A.                                                 Venezuela

Danmasa S.A. de C.V.                                                               Mexico

Hytork International Ltd.                                                              United Kingdom

Hytork Controls, Inc.                                                                  Florida

Hytork Controls Limited                                                              United King

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

No credit facilities were found for the Subject.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  06-11 06-11 0000000 11500    11500    92  1   0   0   7   CUST 24 YR

 ALUMINUM   07-01 00-00 1/10N30 4200     0        0   0   0   0   0

 

 ELEC DISTR 06-10 00-00 VARIED  87200    35000    66  25  2   0   7

 ELEC EQUIP 06-12 05-10 CREDIT  100      0        0   0   0   0   0   CUST  1 YR

 ELEC SUPLR 06-12 05-08 NET 30  1200     0        0   0   0   0   0   CUST  2 YR

 ELEC SUPLR 06-12 00-00 NET30   57400    8200     100 0   0   0   0

 ELECTRONIC 06-10 00-00 NET  30 136900   60900    81  17  0   0   2

 FACTOR     06-12 06-10 NET 30  104100   0        0   0   0   0   0

 FACTOR     07-01 05-08 NET     15400    0        0   0   0   0   0   CUST  7 YR

 FINCL SVCS 07-01 02-09 NET 30  6200     0        0   0   0   0   0

 FINCL SVCS 06-12 06-09 NET     100      0        0   0   0   0   0   CUST  2 YR

 FOOD DISTR 07-01 00-00 NET 30  33700    17800    99  0   0   1   0

 FREIGHT    06-09 06-09 VARIED  21800    21800    92  0   0   0   8

 FREIGHT    07-01 06-12 VARIED  35600    22600    53  44  3   0   0

 FRGHT FWRD 06-11 06-11 VARIED  2000     1300     8   92  0   0   0

 GENERAL    06-12 00-00 1/15N30 4000     300      0   100 0   0   0   CUST 20 YR

 GENERAL    07-01 06-12 OTHER   500000   0        0   0   0   0   0   CUST  7 YR

 GIFTWARE   06-10 00-00 NET 30  5600     100      100 0   0   0   0   CUST  9 YR

 HEATNG& A/C 07-01 00-00 NET 30  2500     2100     0   100 0   0   0

 INDUS SUPL 07-01 00-00 N30     2400     0        0   0   0   0   0   CUST  8 YR

 INDUS SUPL 06-12 06-09 NET 30  13300    0        0   0   0   0   0   CUST 18 YR

 IRON& STEEL 07-01 00-00 NET 30  48400    14400    100 0   0   0   0

 MACH DISTR 06-12 00-00 VARIED  500      0        0   0   0   0   0

 MACH DISTR 06-11 06-07 1/10N30 1200     0        0   0   0   0   0   CUST 16 YR

 MACH DISTR 06-12 06-12 VARIED  2600     1400     100 0   0   0   0

 MANUFCTRNG 06-12 06-12 NET 30  295000   113900   25  64  6   2   3   CUST 24 YR

 MANUFCTRNG 06-12 06-11 VARIED  156400   127800   37  36  27  0   0   CUST  5 YR

 METAL DIST 06-12 06-08 VARIED  6300     200      0   0   0   0   100 CUST 28 YR

 MISC MANUF 06-09 06-09 VARIED  159700   159700   41  46  9   0   4   CUST 17 YR

 MISC MANUF 06-11 06-11 NET 30  2000     2000     100 0   0   0   0

 OFFC SUPPL 07-01 04-09 CREDIT  4000     0        0   0   0   0   0   ACCTCLOSED

 PACKAGING  06-11 00-00 NET 30  1400     0        0   0   0   0   0   CUST  6 YR

 PETROLEUM  06-09 06-08 NET 30  1700     900      100 0   0   0   0   CUST 13 YR

 PETROLEUM  06-12 06-12 VARIED  1200     800      100 0   0   0   0   CUST  9 YR

 PRI METALS 07-01 06-12 VARIED  100000   100000   94  4   1   0   1

 MACH RPAIR 06-12 00-00 NET 30  18500    0        0   0   0   0   0

 RENTALS    06-10 00-00 NET 30  900      300      100 0   0   0   0

 RESTR SUPL 06-10 04-06 VARIED  1700     500      0   0   0   0   100 CUST  8 YR

 RUBR& PLAST 06-12 00-00 1/10N30 45900    45900    34  18  26  22  0

 TEMP HELP  07-01 00-00 NET 10  5200     0        0   0   0   0   0   CUST  8 YR

 TRUCK DLR  07-01 00-00 CONTRCT 49000    37900    59  31  5   1   4

 AIR TRANS  05-12 00-00 NET 30  41200    13100    15  26  5   13  41  COLLECTION

 CELLUL/PAG 04-11 04-07 NET 30  500      0        0   0   0   0   0

 CHEMICALS  05-01 00-00 NET 30  100      0        0   0   0   0   0

 COMMUN SVC 06-06 06-06 NET 30  100      100      100 0   0   0   0

 COMPUTERS  04-07 00-00 NET 30  10600    800      100 0   0   0   0

 COMPUTERS  06-06 06-02 0000000 1800     200      0   0   0   0   100

 CONTAINERS 04-07 04-07 VARIED  800      800      45  55  0   0   0   CUST 15 YR

 CRED CARD  06-12 06-12 N30PRXO 900      400      100 0   0   0   0   CUST 25 YR

 ELEC EQUIP 06-04 00-00 NET 30  200      100      0   0   100 0   0

 ELEC EQUIP 06-02 05-11 CONTRCT 6500     6500     0   0   0   100 0

 ELEC MFG   04-03 03-12 NET 30  19300    19300    70  0   30  0   0

 ELEC MFG   06-08 00-00 NET 30  9600     0        0   0   0   0   0   CUST  6 YR

 ELEC SUPLR 04-08 04-06 2/10N30 200      0        0   0   0   0   0

 FINCL SVCS 06-07 00-00 COD     25800    25800    0   66  34  0   0

 FOOD       05-01 03-06         100      0        0   0   0   0   0   CUST  5 YR

 FREIGHT    06-05 00-00 NET30   6300     0        0   0   0   0   0   CUST  6 YR

 FREIGHT    04-02 00-00 NET 30  3200     3200     100 0   0   0   0

 FRGHT FWRD 06-01 00-00 NET 30  29000    24000    74  2   24  0   0

 FUEL DISTR 04-02 00-00 VARIED  100      100      0   0   0   0   100

 GENERAL    06-04 06-02 1/10PRX 300      0        0   0   0   0   0   CUST  2 YR

 GENERAL    06-04 00-00 NET 30  8000     800      100 0   0   0   0

 GENERAL    05-02 03-01 VARIED  1600     0        0   0   0   0   0   NEW ACCT

 GLASS      05-09 05-07 NET 30  200      0        0   0   0   0   0   CUST 11 YR

 HEATNG& A/C 05-05 05-04 2/10N30 800      100      0   100 0   0   0   CUST  5 YR

 INDUS SUPL 06-06 03-09 NET 30  30300    0        0   0   0   0   0   CUST 21 YR

 INDUS SUPL 06-06 06-06 VARIED  75300    2600     61  39  0   0   0   CUST 19 YR

 LEASING    07-01 00-00 NET 30  1400     1000     100 0   0   0   0   CUST  2 YR

 LEASING    04-10 04-05 N30     3900     100      0   0   0   0   100 CUST  4 YR

 LEASING    04-10 00-00 VARIED  107000   107000   0   99  1   0   0

 LEASING    05-04 00-00 CONTRCT 5800     0        0   0   0   0   0

 MANUFCTRNG 06-02 04-12 VARIED  5000     0        0   0   0   0   0   CUST  4 YR

 MANUFCTRNG 04-02 00-00 NET 30  800      800      72  28  0   0   0

 MANUFCTRNG 04-07 04-04 NET 30  900      0        0   0   0   0   0

 MED SUPPLY 06-04 00-00 VARIED  400      0        0   0   0   0   0

 METAL DIST 04-05 04-05 NET EOM 66700    54000    42  49  0   9   0

 METL FNSHG 04-03 00-00 NET 30  463200   463200   86  6   0   0   8

 MISC MANUF 04-05 00-00 0000000 3200     0        0   0   0   0   0

 MISC MANUF 06-05 06-02 VARIED  71700    0        0   0   0   0   0

 OFFC SUPPL 05-02 04-12 NET     15300    0        0   0   0   0   0   CUST  1 YR

 OFFC SUPPL 04-05 96-10 CREDIT  5000     0        0   0   0   0   0

 OFFC SUPPL 05-03 05-03 NET 30  2500     200      100 0   0   0   0   CUST 21 YR

 OFFC EQUIP 06-04 98-09 VARIED  6000     0        0   0   0   0   0   CUST 10 YR

 PAINTS     04-12 00-00 VARIED  3400     2800     14  15  70  0   1

 PAINTS     06-03 06-01 1/10PRX 700      0        0   0   0   0   0   CUST  1 YR

 PETROLEUM  04-11 00-00 PROX 15 100      100      100 0   0   0   0

 PETROLEUM  04-10 00-00 VARIED  900      900      100 0   0   0   0   PROMPT

 RENTALS    05-11 00-00 NET 10  600      600      86  14  0   0   0

 RUBBER     05-03 00-00 NET 30  118300   94700    27  35  35  3   0

 SAFTY PROD 06-03 00-00 NET 30  500      0        0   0   0   0   0   CUST 10 YR

 SOAP       04-02 00-00 2/10N30 400      400      0   0   0   0   100

 SURG EQUIP 06-03 00-00 NET 30  200      100      0   0   0   100 0

 TEMP HELP  04-06 00-00 NET 30  38200    21600    68  32  0   0   0

 TEMP HELP  06-08 00-00 NET 7   1200     0        0   0   0   0   0

 TELECOM    06-08 06-05 NET 30  100      0        0   0   0   0   0   PAYS-SLOW

 TELECOM    06-08 06-06 NET 30  700      0        0   0   0   0   0   PAYS-SLOW

 TRANSPORTN 04-11 00-00 VARIED  446200   0        0   0   0   0   0

 CURRENT QUARTER                1946800  787300   88  8   2   0   2

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20061200  0      6         2            966800   94  4   2   0   0

 20061100  0      6         1            985100   96  3   1   0   0

 20061000  0      6         2            1001900  95  3   1   0   1

 20060900  0      5         2            1021600  95  3   1   0   1

 20060800  0      8         3            992700   94  3   1   1   1

 20060700  0      7         20           747500   48  28  13  4   7

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 Fourth   2006              2            784900   93  4   2   1   0

 Third    2006              2            782700   95  3   1   0   1

 Second   2006              3            747000   91  5   2   1   1

 First    2006              1            850900   95  4   1   0   0

 Fourth   2005              2            2642200  95  3   1   0   1

 

 

FINANCIAL INFORMATION

 

FINANCIAL FIGURES

 

 Year-End (D/M/Y):              30/09/2006        30/09/2005      30/09/2004

                                Consolidated     Consolidated    Consolidated

 Sales / Revenues               20,133,000       17,305,000       15,615,000  

 Gross Margin                    7,168,000        6,183,000        5,566,000  

 Operating Income (Loss)         2,891,000        2,358,000        2,062,000  

 Interest on Loans                 231,000          209,000          210,000  

 Other Expenses                    306,000          -65,000          -88,000  

 

 RESULTS

 Income before Taxes             2,684,000        2,149,000        1,852,000  

 Income Tax                        839,000          727,000          595,000  

 Net Income                      1,845,000        1,422,000        1,257,000  

 

 ASSETS

 Cash and Equivalents              810,000        1,233,000        1,346,000  

 Inventory                       2,222,000        1,813,000        1,705,000  

 Accounts Receivables            3,716,000        3,256,000        2,932,000  

 Other Current Assets              582,000          535,000          433,000  

 Total Current Assets            7,330,000        6,837,000        6,416,000  

 Property Plant &  Equip          3,220,000        3,003,000        3,061,000  

 Other Fixed Assets              1,196,000        1,077,000        1,049,000  

 Total Fixed Assets             11,342,000       10,390,000        9,945,000  

 Intangibles                     6,755,000        6,062,000        5,612,000  

 Total Assets                   18,672,000       17,227,000       16,361,000  

 

 LIABILITIES

 Trade Creditors                 4,476,000        3,961,000        3,437,000  

 Total Current Liab              5,374,000        4,931,000        4,339,000  

 Long Term Debt                  3,128,000        3,128,000        3,136,000  

 Other Long Term Liab            2,016,000        1,768,000        1,648,000  

 Total Long Term Liab            5,144,000        4,896,000        4,784,000  

 Total Liabilities              10,518,000        9,827,000        9,123,000  

 

 EQUITY

 Retained Earnings              11,314,000       10,199,000        9,471,000  

 Total Equity                    8,154,000        7,400,000        7,238,000  

 

FINANCIAL ANALYSIS

 

                           Actual           Previous    Percentage of total assets

                           30/09/2006        30/09/2005     30/09/2006  30/09/2005

 Cash and Equivalents       810,000        1,233,000         4.34      7.16

 Inventory                2,222,000        1,813,000        11.90     10.52

 Other Current Assets       582,000          535,000         3.12      3.11

 Total Current Assets     7,330,000        6,837,000        39.26     39.69

 Intangibles              6,755,000        6,062,000        36.18     35.19

 Total Assets            18,672,000       17,227,000       100.00    100.00

 Total Current Liab       5,374,000        4,931,000        28.78     28.62

 Long Term Debt           3,128,000        3,128,000        16.75     18.16

 Other Long Term Liab     2,016,000        1,768,000        10.80     10.26

 Total Liabilities       10,518,000        9,827,000        56.33     57.04

 Total Equity             8,154,000        7,400,000        43.67     42.96

 

The above information is listed in thousands of US Dollars.

 

 

HISTORY

 

Emerson was founded in 1890 in St. Louis, Missouri, as a manufacturer of electric motors and fans.  They have grown into a multi-national corporation over 100 years of operations.

 

 

CURRENT OPERATIONS

 

NAICS Code:   335999    All Other Miscellaneous Electrical Equipment and C

SIC Code:        3699

 

Number of Employees:         127,800  

 

Business Activity:

Designer, manufacturer and seller of a broad range of electrical, electromechanical and electronic products and systems.

 

The divisions of the Company are organized into the following business segments based on the nature of the products and services provided: Process Control; Industrial Automation; Electronics and Telecommunications; Heating, Ventilating and Air Conditioning; and Appliance and Tools.

 

The heading address is the Company's headquarters.  At September 30, 2006, the Company had approximately 275 manufacturing locations worldwide, of which approximately 170 were located outside the United States, primarily in Europe and to a lesser extent in Asia, Canada and Latin America.  The approximate numbers of manufacturing locations by business segment are: Process Managemen

 55; Industrial Automation, 95; Network Power, 40; Climate Technologies, 35; and Appliance and Tools, 50.  The majority of the locations are owned, with the remainder occupied under operating or capital leases.

 

 

PUBLIC RECORD

 

A search of public revealed the following sample information, actions against the Company and no bankruptcy petitions.  We cannot determine the current status of the actions against the Company.

 

Name Searched: EMERSON ELECTRIC CO

 

Defendant Counsel: McCarthy, Thomas O [COR LD NTC]

McMahon and Berger

2730 N Ballas Road Suite 200

St Louis, MO, USA 63131-3039

314-567-7350 Fax : 314-567-5968 Email: McCarthy@mcmahonberger.com

Defendant: Emerson Electric Co

Filing Date: 5/6/2003

Filing Type: Civil

Plaintiff Counsel: Palank, Mary A [COR LD NTC]

Palank and Associates, LLC

1034 S Brentwood Boulevard Suite 1950

St Louis, MO, USA 63117

314-721-1719 Fax : 314-863-3301 Email: Marypalank@palanklaw.com

Plaintiff: Klobe, Tina P

--------------------------------------------------------------------------------

Name Searched: EMERSON ELECTRIC CO

Party Address: 8100 W FLORISSANT AV

ST LOUIS, MO 63136

Amount: $ 1,282

Creditor: STATE OF MISSOURI

Debtors: EMERSON ELECTRIC CO

Entered: 11/05/2002

Number: 02AC022944

Type: CIVIL JUDGMENT

--------------------------------------------------------------------------------

Name Searched: EMERSON ELECTRIC CO

Party Address: 1000 WALNUT #800

KANSAS CITY, MO 64106

Amount: $ 3,500

Creditor: NOAH SPENCER

Debtors: EMERSON ELECTRIC CO

Entered: 10/19/2004

Number: 04CV226813

Type: CIVIL JUDGMENT

--------------------------------------------------------------------------------

Filing Number:  20040082398H

Filing Date:  08/02/2004

Filing Type:  ORIGINAL

DEBTOR INFORMATION

EMERSON ELECTRIC CO.

8000 W. FLORISSANT AVENUE

ST. LOUIS, MO 63136

Secured Party(s):  CIT TECHNOLOGIES CORPORATION

--------------------------------------------------------------------------------

Filing Number:  20050067303H

Filing Date:  06/29/2005

Filing Type:  ORIGINAL

Contract Type:  LEASE

Debtor(s):  EMERSON ELECTRIC CO.

8000 W FLORISSANT AVE

SAINT LOUIS, MO 63136

Secured Party(s):  IBM CREDIT LLC

--------------------------------------------------------------------------------

Filing Number:  20060062676G

Filing Date:  06/07/2006

Filing Type:  ORIGINAL

Debtor(s):  EMERSON ELECTRIC CO.

8000 WEST FLORISSANT ROAD

ST. LOUIS, MO 63136

Secured Party(s):  U.S. BANCORP OLIVER-ALLEN TECHNOLOGY LEASING

--------------------------------------------------------------------------------

Filing Number:  20060073824C

Filing Date:  06/30/2006

Filing Type:  ORIGINAL

Debtor(s):  EMERSON ELECTRIC CO.

8000 W. FLORISSANT AVENUE

ST. LOUIS, MO 63136

Secured Party(s):  CIT TECHNOLOGIES CORPORATION

 

 

GENERAL COMMENTS

 

Emerson Electric Co., founded in Missouri in 1890, is engaged in the designing and supplying of product technology and delivering engineering services in a wide range of industrial, commercial and consumer markets around the world.

 

Their payment history is generally satisfactory.  A few actions were found against the Company, however, no bankruptcy petitions were reported or noted.

 

The Company is responsible for normal business transactions.

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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