MIRA INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
FLSMIDTH INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.08.1928 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
manufactures and supplies
machines, parts, and services to the cement and minerals processing
industries |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Flsmidth Inc |
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Address in the order: |
2040 Avenue C, |
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Legal Name: |
Flsmidth Inc |
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Legal Address |
Corporation Trust Center |
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Operative Address |
2040 Avenue C (Headquarters) |
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Telephone: |
+1 (610) 264-6011 |
ID : |
0241729 |
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Fax: |
+1 (610) 264-6307 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1928 |
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Manager: |
Mr. Christian Jepsen, CEO |
Date Incorporated: |
August, 21st. 1928 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
FLSmidth, Inc. manufactures and supplies machines, parts, and services
to the cement and minerals processing industries. |
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BUSINESS
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HISTORY |
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FLSmidth, Inc. was formerly known as Fuller Co. The company was founded in 1928 |
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PRINCIPAL ACTIVITY |
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FLSmidth, Inc. manufactures and supplies machines, parts, and services
to the cement and minerals processing industries. |
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Products/Services description: |
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The company offers equipments for the crushing, grinding, and
separation of minerals; pyro processing for metallurgical materials, lime,
pulp and paper, and alumina industries; crushing and grinding operations with
conveying systems; raw materials preparation systems with stackers and
reclaimers, and the handling of final product with materials loading systems |
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Sales are: |
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Wholesale |
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Clients: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references |
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Operations area: |
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National, International |
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The subject employs NA employee(s) |
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LOCATION |
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Headquarters |
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The company is headquartered at the address listed above |
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Comments on location: |
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The company is incorporated in |
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Business Overview: |
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Demand is driven by consumer income and the rate of product
innovation. The profitability of individual companies depends on
manufacturing efficiency and effective marketing and distribution. Large
companies have advantages in economies of scale in manufacturing, marketing,
and distribution. Small companies can compete effectively by offering
specialty products or components in system solutions such as speakers in a
home theatre system. Average annual revenue per worker is about $500,000 per
year. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company, which is a subsidiary of FLSmidth & Co.
A/S. FLSmidth A/S Cement Technologies & Corporate Matters Vigerslev Allé 77 2500 Valby Tel: +45 36 18 18 00 Fax: +45 36 44 11 46 info@flsmidth.com |
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Management: |
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Mr. Christian Jepsen, Chief Executive Officer Timothy Vansyckle, Secretary Kevin Chabin, Treasurer Timothy Vansyckle, Vice President |
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Related Companies: |
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FLSmidth Inc. FLSmidth Pvt. Ltd FLSmidth Wadgassen (Among others) |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Mr. Michael, from the
accounting department, who refused to provide us any financial data
without knowing the name of the inquiring party. |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Delaware. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a Low credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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Final Opinion |
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This is an American company, which was
founded in 1928. We have found that its parent company,
FLSmidth & Co. A/S, a Danish company, has been listed at the pink sheets. We have no financial information for the
company requested, nor do we have any payment experience. Therefore, we strongly suggest working with
GUARANTEES.- |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Mr. Michael |
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Position |
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Accountind department |
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Comments |
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The person contacted refused to provide us any information on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.