MIRA INFORM
REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
PARKER HANNIFIN
CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
30.12.1938 |
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Com. Reg. No.: |
175441 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of motion and control technologies. |
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 1,500,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 Economic Risk: Nil |
Currency: USD |
IDENTIFICATION
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Ordered as: |
Parker Hannifin Corporation |
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Address in the order: |
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Comments on data supplied: |
Dear client, the location your provided us is a non incorporated
business unit of PARKER HANNIFIN CORPORATION headquartered at |
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Legal Name: |
PARKER HANNIFIN CORPORATION |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (216)-896-30 00 |
Registration Number : |
175441 |
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Fax: |
+1 (216)-896-40 00 |
Legal Form: |
Corporation for Profit |
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Email: |
N.A. |
Registered in: |
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Website: |
Date Created: |
1918 |
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Manager: |
Donald Washkewicz, Chairman, President, and CEO |
Date Incorporated: |
December 30th, 1938 |
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Staff: |
51,639 employees |
Stock: |
161,035,631 shares |
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SIC Code : |
3499 |
Value: |
NA |
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Activity: |
Manufacturer of motion and control technologies. |
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BANKS
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Name of the Bank |
WACHOVIA BANK |
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Name of the Bank |
WELLS |
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BUSINESS
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HISTORY |
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Parker-Hannifin Corporation was founded in 1918 and is headquartered
in |
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PRINCIPAL ACTIVITY |
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Parker-Hannifin Corporation manufactures fluid power systems,
electromechanical controls, and related components. |
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Products/Services description: |
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Its Industrial segment offers pneumatic and electromechanical
components, and systems; filters, systems, and instruments to monitor and
remove contaminants from fuel, air, oil, water, and other liquids and gases;
connectors which control, transmit, and contain fluid; hydraulic components
and systems for builders and users of industrial and mobile machinery, and
equipment; critical flow components for process instrumentation, healthcare,
and ultra-high-purity applications; and static and dynamic sealing devices. This segment sells its products primarily to original equipment
manufacturers (OEMs) and their replacement markets in various manufacturing
and processing industries. The company's Aerospace segment provides hydraulic, fuel, and
pneumatic systems and components used for commercial and military airframe
and engine programs. It also manufactures a range of fluid conveyance systems, fluid
metering, delivery and atomization devices, and inert gas generating systems,
as well as connectors, hoses, fittings, tube fittings, and quick disconnects,
which control, transmit, and contain fluid for aircraft applications. This segment markets its products primarily to OEMs in the commercial,
military, and general aviation markets, as well as to end users for
maintenance and repair. The company's Climate and Industrial Controls segment offers systems
and components for use in the mobile and stationary refrigeration, and air
conditioning industry; and in fluid control applications in a range of
industries, including processing, fuel dispensing, beverage dispensing, and
mobile emissions. This segment serves OEMs and their replacement markets.
Parker-Hannifin markets its products directly, as well as through
distributors, wholesalers, sales representatives, and builder/dealers
worldwide. |
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Sales are: |
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Wholesale |
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Brands: |
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Acroloop, Lucifer, Atlas Cylinders, Miller Fluid Power, Balston, Page
International, Bayside, Pioneer, Cabett Subsea, Pneutronics, Calzoni, Porter,
Chelsea, Racor, Chomerics, Ross, Compumotor, Schrader Bellows, CTC, Sempress,
Daedal, Skinner, Denison, Sporlan, domnick hunter, STC, Ermeto, Sterling,
Gold Ring, Taiyo, Greer, TexLoc, Gresen, Trilogy, IPS Veriflo, Jet-Pipe Watts
Fluid Air |
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Clients: |
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Miscellaneous |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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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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Competitors: |
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* Eaton Corporation * Honeywell International
Inc. * Invensys plc |
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PAYMENTS |
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made on a 65 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The subject is headquartered at |
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Branches: |
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The company has
a location at |
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Business Overview: |
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The |
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Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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YES |
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Capital: |
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The subject is publicly traded at the NYSE under the ticker (PH). Stock Data Market Capitalization (in millions) $9,828.01 Percent Owned by Institutions 79.44% Shares Outstanding (in millions)161.04 Number of Institutional Shareholders 1,091 Public Float (in millions)*160.00 Percent Owned by Insiders 0.65% *Shares outstanding, minus shares controlled by insiders, restricted
stock and shares held by 5% owners. |
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Shareholders Parent Company(ies): |
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- MAJOR INSTITUTIONAL
AND MUTUAL FUND HOLDERS Capital World Investors JP MORGAN CHASE & COMPANY WELLINGTON MANAGEMENT COMPANY, LLP VANGUARD GROUP, INC. (THE) STATE STREET CORPORATION WELLS FARGO & COMPANY Blackrock Institutional Trust Company, N.A. BANK OF AMERICA CORPORATION Bank of New York Mellon Corporation LORD ABBETT & CO FUNDAMENTAL INVESTORS INC VANGUARD/WELLINGTON FUND INC. AMERICAN BALANCED FUND VANGUARD TOTAL STOCK MARKET INDEX FUND VANGUARD 500 INDEX FUND GOLDMAN SACHS MID-CAP VALUE FUND LORD ABBETT AFFILIATED FUND SPDR S&P 500 ETF Trust VANGUARD/WINDSOR II WADDELL & REED ADVISORS FDS-CORE INVESTMENT FUND - MAJOR DIRECT
HOLDERS WASHKEWICZ DONALD E PISTELL TIMOTHY K DROXNER HEINZ BOND ROBERT W MACHADO ANTONIO RICARDO |
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Management: |
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Board of
Directors: Donald E. Washkewicz, Chairman of the Board, Chief Executive Officer
and President, Parker Hannifin Corporation Linda S. Harty, Treasurer, Medtronic, Inc. William E. Kassling, Chairman, Wabtec Corporation Robert J. Kohlhepp, Chairman, Cintas Corporation Giulio Mazzalupi, Former President, Chief Executive Officer and
Director, Atlas Klaus-Peter Mueller, Chairman of the Supervisory Board, Commerzbank AG Candy M. Obourn, Chief Executive Officer and President, ActivEase
Healthcare, Inc. Joseph M. Scaminace, Chairman and Chief Executive Officer, OM Group,
Inc. Wolfgang R. Schmitt, Chief Executive Officer, Trends 2 Innovation Markos I. Tambakeras, Former
Chairman, Chief Executive Officer and President, Kennametal, Inc. James L. Wainscott , Chairman, President and Chief Executive Officer,
AK Steel Holding Corporation Management Team Lee C. Banks, Executive Vice President and Operating Officer Robert P. Barker, Executive Vice President, Operating Officer and
President - Aerospace Group Robert W. Bond, Vice President and President - Fluid Connectors Group Yoon "Michael" Chung, Vice President and President-Asia
Pacific Group Jeffery A. Cullman, Vice President and President-Hydraulics Group John G. Dedinsky, Jr., Vice President - Global Supply Chain and
Procurement Dana A. Dennis, Senior Vice President - Finance William G. Eline, Vice President - Chief Information Officer John R. Greco, Vice President and President-Instrumentation Group Thomas F. Healy, Vice President and President - Climate &
Industrial Controls Group William R. Hoelting, Vice President-Tax Pamela J. Huggins, Vice President and Treasurer Marwan M. Kashkoush, Executive Vice President - Sales, Marketing and
Operations Support Kurt A. Keller, Vice President and President - Seal Group A. Ricardo Machado, Vice President and President - Latin America Group Jon P. Marten, Vice President and Controller Craig Maxwel, Vice President - Technology and Innovation Thomas A. Piraino, Jr., Vice President, General Counsel and Secretary Timothy K. Pistell, Executive Vice President - Finance &
Administration and Chief Financial Officer Peter Popoff, Vice President and President-Filtration Group Charly Saulnier, Vice President and President- Europe, Middle East,
Africa Group Daniel S. Serbin, Vice President - Human Resources Roger S. Sherrard, Vice President and President - Automation Group Donald E. Washkewicz , Chairman
of the Board, Chief Executive O |
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Related Companies: |
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- Alkid Corp. - Winco Enterprises Inc. - Parker Hannifin International Corp. - Parker Intangibles LLC - Parker - Parker - Parker-Hannifin Luxembourg Finance Limited Co. - PH Astron Holding LLC - PH Spain LLC - Vansco Holdings LLC - 265 - Parker Royalty Partnership - PG Square LLC - Parker Hannifin - Domnick Hunter Pty Limited - Legris Australasia Pty Ltd. - Parker Hannifin ( - Parker Hannifin Australia Assets Pty Limited - Parker Hannifin Australia Holding, Pty Limited |
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Financials - COMMERCIAL TRENDS AND FORECAST
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The subject is a public company traded at the stock exchange. Please
find enclosed the financial statements. |
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Comments on the financial data: Annual Income
Statement |
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Legal Fillings |
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There are several UCC files listed with the Secretary of State of
Ohio. Among them: UCC Filed On 08/12/2010. Secured Party: CANON FINANCIAL SERVICES NJ Collateral: Equip, Accts Rec, Hereafter Aquired Prop, Undefined UCC Filed On 10/28/2010. Secured Party: Collateral: UCC Filed On 10/27/2010. Secured Party: TECHNOLOGY INVESTMENT PARTNERS, L.L.C. MI BLOOMFIELD
HILLS 4 Collateral: UCC Filed On 10/19/2010. Secured Party: MC MACHINERY SYSTEMS, INC. IL WOOD DALE 60191 1500
MICHAEL D The company is defendant in various pending lawsuits and proceedings
and is subject to various other claims arising in the normal course of its
business. Although the outcome of these lawsuits and proceedings cannot be
predicted with certainty at this time, it is believed that the ultimate
disposition of such suits will not have a material adverse effect on the
company. We found the company implicated in a State Tax Lien: State Tax Lien filed on 10/07/2010 for $15,135 Court: For information: 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 medium 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 big size company. The subject has several years in the business. The company had a fair financial state in 2009. Nevertheless, the company's liabilities are not covered by the net
worth. Considering the fact that company maintains a high level of activity,
we believe that the company has still at this time enough cash to fulfilling
current obligations. A credit line may be considered in the range of 1,500,000 USD |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
YES |
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Indebtedness |
MEDIUM |
Payments |
REGULAR |
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Cash |
CORRECT |
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APPENDIX
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Position |
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Operator |
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Comments |
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She was able to confirm us the information in the report. |
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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.45.20 |
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1 |
Rs.73.16 |
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Euro |
1 |
Rs.61.88 |
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 |
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NB |
New Company |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.