MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GENERAL ELECTRIC
COMPANY |
|
|
|
|
Registered Office : |
3135 Easton Turnpike, Fairfield, CT 06828 |
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|
|
|
Country : |
United States |
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|
|
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Date of Incorporation : |
17.01.1912 |
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|
Legal Form : |
Public Company |
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|
|
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Line of Business : |
Technology, Media, and Financial Services Company Worldwide |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 10,000,000 |
|
|
|
|
Status : |
Excellent |
|
|
|
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Payment Behaviour : |
No Complaints |
|
|
|
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Litigation : |
Clear |
Company
Name
GENERAL ELECTRIC COMPANY
Company acronym:
--
Contact Information
|
Address |
3135 Easton Turnpike USA |
|
Telephone |
203-373-2211 |
|
Fax |
203-373-3131 |
|
Website |
www.ge.com |
Registration Data
|
Date of Registration |
01-17-1912 in New York State |
|
Registration number |
New York State does not issue organizational ID numbers |
|
Legal address |
3135 Easton Turnpike USA |
|
Legal Form |
Public Company (NYSE=GE) |
|
Share Capital |
There were 9,955,456,000 shares of common stock with a par value of $0.06
per share outstanding at September 26, 2008. |
|
Other Registration Data |
- |
Shareholders
with Shares
58% of the common stock is held by institutional
and mutual fund owners including:
|
Barclays Global Investors UK Holdings Ltd |
|
3.84% |
|
STATE STREET CORPORATION |
|
3.13% |
|
VANGUARD GROUP, INC. (THE) |
|
3.11% |
Board/Executive
|
Name |
Jeffrey R. IMMELT |
|
Position within the company |
Executive Chairman and
CEO |
|
Name |
Keith S. SHERIN |
|
Position within the company |
Executive Vice
President and CFO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
General Electric Company (GE) operates as a technology, media, and financial
services company worldwide. It operates through four segments: GE Capital,
Energy Infrastructure, Technology Infrastructure, and NBC Universal.
The GE Capital segment offers an array of products and services that
include commercial loans, operating leases, fleet management, financial
programs, home loans, insurance, credit cards, personal loans, and other
financial services. The Energy Infrastructure segment involves in the
development, implementation, and improvement of products and technologies that
harness various resources, such as wind, oil, gas, and water. The Technology
Infrastructure segment focuses on building healthcare, transportation, and
technology infrastructure. The NBC Universal segment develops, produces, and
markets film, television, news, sports, and special events.
Staff
|
Number of staff employed |
300,000 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Worldwide |
|
Exports To |
Worldwide |
Facilities
|
Owned |
Manufacture, warehouse and office |
|
Premises Size |
300,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
Quoted with the NYSE under symbol GE. |
|
Subsidiaries |
More than 100 subsidiaries |
Branches
|
Address |
More than 50 branches in the U.S. |
Bankers
|
Bank |
JP Morgan Chase Bank |
|
|
Bank of America |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
Financial Reports on attachment.
Reporter Comments
|
Comments |
Interview conducted with an officer of the United States Securities and Exchange Commission. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Low
Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 94% of
trade experience indicates a regular payment. Payments of imports are currently made on terms. |
|
MAX CREDIT |
USD 10,000,000+ |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 10,000,000+ |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
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. |
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 |
|
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%)