MIRA
INFORM REPORT
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Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
FLSMIDTH DORR-OLIVER EIMCO INC |
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Registered Office : |
2850 S Decker
Lake Drive, Salt Lake City, UT
84119
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Country : |
United States |
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Date of Incorporation : |
18.10.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Professional
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 : |
USD 600,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
600,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
FLSMIDTH DORR-OLIVER EIMCO INC. Dba Dorr-Oliver Eimco Usa Inc. |
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Address: |
2850 S Decker
Lake Drive
Branch: P O Box 6700 Salt Lake
City, UT 84119
Detroit, MI 48267 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (801) 526-2000 + 1 (801) 526-2001 3581427 Delaware Pete Flaghan, Vice
President |
Date founded: |
Oct 18, 2002
Corporation for Profit N.A. N.A. 215 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales professional equipment |
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BANKS
US Bancorp
National Bank of Canada
BUSINESS
Business & Operations:
Fl Smidth Dorr-Oliver Eimco Inc. also does business as Dorr-Oliver Eimco
USA Inc.
Fl Smidth Dorr-Oliver Eimco Inc. is a company headquartered in Salt Lake
City, UT. Dorr-Oliver Eimco USA Inc's line of business is wholesaler of
professional equipment.
The company has several partners including:
Elastomer Products,
Madison Filter,
Star Foundry and Machine,
Wasatch Tool.
Industry Overview:
Demand is closely tied to the level of business activity. The
profitability of individual companies depends on merchandising and an efficient
delivery system. Big companies have economies of scale in distribution because
they can supply a wide range of products to the same customer. Small companies
can compete successfully by distributing specialty products or providing
superior customer service. Operations are highly automated. Within the
wholesale segment of the industry, annual revenue per employee is about
$300,000.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Pete Flaghan, Vice President.
The parent companies are Fl Smidth Dorr-Oliver Eimco Denmark Aps and Groupe Laperriere & Verreault Inc. Fl Smidth Dorr-Oliver Eimco Denmark ApsVigerslev Alle 77, C/O Fl Smidth & Co A/S, Valby, Denmark Groupe Laperriere & Verreault Inc.25 Rue Des Forges Bureau 420, Trois-Rivieres, QC, Canada
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Fl Smidth Dorr-Oliver Eimco Inc. does not publish any financial
statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
30,200,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
4 UCC Filings in 2008 by U
S Bancorp securing Equipment. Amount: NA
All previous UCC Filings
have been cleared
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a medium company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
600,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.73 |
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. |
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%)