MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SMITH METER
GmbH |
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Registered Office : |
Regentstr.
1, 25474 Ellerbek |
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Country : |
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Date of Incorporation : |
01.06.1970 |
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Com. Reg. No.: |
HRB 17 PI |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture
of Precision Mechanical Optical Measuring, Control, Navigation etc.
Instruments and Equipment |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 100.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
SMITH METER GmbH
Regentstr. 1
25474 Ellerbek
Telephone: 04101/304-0
Telefax: 04101/304-133
Homepage: www.fmctechnologies.com
CONCLUSION
The maximum credit is EUR 100.000,00.
Business relations are permissible.
LEGAL FORM
Private limited company
Date of foundation
01.06.1970
Begin of Business activities
01.06.1970
Shareholders' agreement
01.06.1970
Registered on
19.09.1970
Commercial Register
Local court 25421 PINNEBERG
Under
HRB 17 PI
Share capital
EUR 9.714.545,74
Shareholder
Smith Meter
Holdings Limited
2800 South Post Oak
Boulevard, Suite
5701
USA Houston/Texas
Legal form: Other
legal form
Share: EUR 9.714.545,74
Manager
Dale Eugene
Sumpter
25474 Ellerbek
having sole power of representation
Occupation:
Businessman
Manager
Howard Richard
Short
25474 Ellerbek
having sole power of representation
born 28.05.1959
Occupation: Businessman
Further functions/participations of
Howard Richard Short (Manager)
Manager:
F. A. Sening GmbH
Regentstr. 1
25474 Ellerbek
Legal form: Private limited company
Share capital: EUR 1.533.875,64
Reg. Data: 29.12.1995
HRB 4000 PI
25421 PINNEBERG
BUSINESS HISTORY
Beginning of
business activities:01.06.1970
BUSINESS ACTIVITIES
33202
MANUFACTURE OF PRECISION MECHANICAL OPTICAL MEASURING, CONTROL,
NAVIGATION ETC. INSTRUMENTS AND EQUIPMENT
PARTICIPATION
Shareholder:
F. A. Sening GmbH
Regentstr. 1
25474 Ellerbek
Legal form: Private limited company
Share capital: EUR 1.533.875,64
Share:
EUR 1.533.875,64
Reg. Data: 29.12.1995
HRB 4000 PI
25421 PINNEBERG
FINANCIAL INFORMATION
Payment experience: cash
discount/within agreed terms
REAL ESTATE
Type of
ownership: proprietor
Share: 100,00 %
Address Regentstr. 1
25474 Ellerbek
Type of real estate: plot
of land
Size: 25.000,00
sq.m
Residential floor space/
Usable floor space: 12.100,00 sq.m
Land register
documents were not available.
BANKERS
DRESDNER BANK,
HAMBURG
Sort. code: 20080000
FIGURES
Financial year: 01.01. - 31.12.
Turnover: 2006 EUR 21.000.000,00
Share capital: EUR
9.714.545,74
Equipment: EUR
2.500.000,00
Employees: 130
Branch number: 33202
Approximate figures are given.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)