MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
METSO MINERALS INDUSTRIES INC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 (Consolidated) |
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Date of Incorporation : |
23.11.1987 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of technology and services |
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 500 000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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: |
Metso Minerals Industries Inc |
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Address in the order: |
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Legal Name: |
METSO MINERALS INDUSTRIES INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (412)-269-50 00 |
Document Number : |
2144317 |
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Fax: |
+1 (412)-269-50 00 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1987 |
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Manager: |
Don Gaughenbaugh, President |
Date Incorporated: |
November 23rd, 1987 |
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Staff: |
130 employees |
Stock: |
1,000 shares |
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Value: |
NA |
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Activity: |
Supplier of technology and services |
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BANKS
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Name of the Bank |
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Name of the Bank |
CITIBANK |
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Name of the Bank |
CHASE BANK |
BUSINESS
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HISTORY |
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METSO MINERALS INDUSTRIES, INC is a private company created in 1974
and based in |
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PRINCIPAL ACTIVITY |
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METSO MINERALS INDUSTRIES, INC is working as a global supplier of technology
and services for the mining, construction, power generation, oil and gas,
recycling, and pulp and paper industries. The company has three segments: - Mining and Construction Technology - Energy and Environmental Technology, Paper - Fiber Technology |
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Products/Services description: |
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- Mining and
Construction Technology: Full-scope solutions for mining industry Grinding mills, grinding solutions Crushers, crushing solutions Process equipment, such as pumps, filters, thickeners, separation
equipment Mobile crushers and screens Bulk materials handling solutions, conveyors Expert and maintenance services - Energy and
Environmental Technology, Paper: Power boiler plants and chemical recovery boilers, evaporators,
flue-gas cleaning and environmental systems, power boiler rebuilds Process automation and information management application networks and
systems Process measurement systems and analyzers Control, on-off and emergency shutdown (ESD) valves and intelligent
positioners and condition monitoring Equipment for fragmentizing, compacting, and separating scrap metal Equipment for shredding and crushing solid waste Expert and maintenance services Spare and wear parts - Fiber Technology Paper and board machines, comprehensive production lines Tissue machines, comprehensive production lines Equipment and production lines for chemical pulp industry Equipment and production lines for mechanical pulp industry Fabrics and filters for paper, pulp, energy and mining industries Expert and maintenance services Spare and wear parts |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial Companies |
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Operations area: |
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National, International |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 130 employee(s) |
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PAYMENTS |
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Regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has several locations in The US. |
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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The company is working as a subsidiary of Metso Minerals Oy headquartered at Fabianinkatu 9 A Helsinki,
00100, |
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Management: |
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Don Gaughenbaugh, President Keith Ference, Corporate Communications Executive Michael Conforti, Manager John Chase, Purchasing Manager |
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Related Companies: |
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Metso Automation S.A.S.
(France) Metso Lindemann GmbH ( Metso Minerals ( Metso New Zealand Limited, ( Among others... |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. We enclose the subject's parent company’s financials for information. |
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The turnover below is from the consolidated of the parent company. |
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Currency |
DATE |
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EUR |
2010 |
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Turnover |
5,552,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Delaware. Among them: 1.Filing Number: 2009 1010906 Filing Date: 03-23-2009 Filing Jurisdiction: Filing Location: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF Filing History: Filing Type Filing Date INITIAL FILING 03-23-2009 Secured Party: TAMCO FINANCIAL SERVICES, LLC Secured Party Address: Secured Party: NATIONAL CITY COMMERCIAL CAPITAL COMPANY,
LLC Secured Party Address: Debtor:
METSO MINERALS INDUSTRIES, INC. 2.Filing Number: 2009 0749785 Filing Date: 03-10-2009 Filing Jurisdiction: Filing Location: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF Filing History: Filing Type Filing Date INITIAL FILING 03-10-2009 Secured Party: NEC FINANCIAL SERVICES, LLC Secured Party Address: 1 PARK 80 PLZ W Debtor:
METSO MINERALS INDUSTRIES, INC. Collateral Description: 03/10/2009 2009 0749785 - COMMUNICATIONS
EQUIPMENT Collateral Count: 00001 3. Filing Number: 2009 0737772 Filing Date: 03-09-2009 Filing Jurisdiction: Filing Location: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF Filing History: Filing Type Filing Date INITIAL FILING 03-09-2009 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 correct 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 a medium size company with several
years in the business. Looking at the subject's parent company,
we can see that the group is following a safe. Indeed, its profitability is correct and
the cash flow is normal. The length of payment is regular. However, its debt level is medium. The subject company accounts for a
significant part of the group's financial results. For these reasons, we suggest a maximum
credit line of USD 500 000 and making a follow up report within 6 to 9 months To completely secure the company's credit
line, we suggest considering the subject’s Final Parent Company as a
guarantor. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
MEDIUM |
Payments |
REGULAR |
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Cash |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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.