MIRA INFORM
REPORT
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Report Date : |
08.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
THE LINCOLN ELECTRIC COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.06.1906 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Welding and Soldering Equipment Manufacturing |
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 1,000,000 |
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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: |
The Lincoln Electric Company |
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Address in the order: |
22801, |
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Legal Name: |
THE LINCOLN ELECTRIC COMPANY |
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Legal Address |
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Telephone: |
(216) 383-4893 / (216) 481-8100 |
ID : |
20149 |
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Fax: |
(216) 383-8220 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1895 |
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Manager: |
John M Stropki - President |
Date Incorporated: |
June, 9th. 1906 |
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Staff: |
3500 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Welding and Soldering Equipment Manufacturing. |
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BANKS
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Name of the Bank |
NATIONAL CITY BANK |
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Name of the Bank |
CANADIAN IMPERIAL BANK OF COMMERCE |
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Name of the Bank |
SOUTH GEORGIA BANK |
BUSINESS
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HISTORY |
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The Lincoln Electric Company was founded in 1895. |
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PRINCIPAL ACTIVITY |
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Welding and Soldering Equipment Manufacturing. |
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Products/Services description: |
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Welders, wire feeders, welding consumables, fume extraction systems,
guns and torches, fixed table systems, and electrodes, as well as gas and
medical equipment and accessories. |
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Sales are: |
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Wholesale |
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Clients: |
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The Company’s major end-user markets include: general metal fabrication, power generation and process
industry, among others. |
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Operations area: |
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National, International |
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The subject employs 3500 employee(s) |
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PAYMENTS |
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made on a 60 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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Comments on location: |
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Legal and operative location. |
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Branches: |
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The company has sales offices in Asia, Europe, Latin America, North
America, |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The Lincoln Electric Company operates as a subsidiary of Lincoln
Electric Holdings, Inc. Lincoln Electric Holdings, Inc. is traded on the Nasdaq under the symbol
LECO and is headquartered at |
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Management: |
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John M. Stropki, Chairman, President and Chief Executive Officer of
the Company. George D. Blankenship, Senior Vice President; President, Vincent K. Petrella, Senior Vice President; Chief Financial Officer
and Treasurer Gabriel Bruno, Vice President; Corporate Controller |
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 the company who refused to provide us any financial
data without knowing the name of the inquiring party. |
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However our financial sources could provide us with the following data
(estimates): The financial data is consolidated with those of the parent company's
"Lincoln Electric Holdings Inc. (LECO)" |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
1,729,285,000 |
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Operating Income |
92,976,000 |
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Net Income |
48,576,000 |
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Current Assets |
1,023,546,000 |
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Fixed Assets |
681,746,000 |
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Net worth |
1,072,346,000 |
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Bank liabilities |
123,717,000 |
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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 Ohio. 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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It's a big size company with 3500 employees.
It has 115 years of experience in the business. A credit line may be considered ` |
SUMMARY
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Profitability |
CORRECT |
Public
Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We have contacted the company who refused to provide 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.45.13 |
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1 |
Rs.73.36 |
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Euro |
1 |
Rs.60.06 |
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.