MIRA INFORM REPORT
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Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ZF GROUP NORTH AMERICAN OPERATIONS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04.12.2003 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Automotive Supplier |
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: |
ZF Group North American Operations Inc |
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Address in the order: |
15811 Centennial Drive Northville MI 48168 |
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Legal Name: |
ZF GROUP NORTH AMERICAN OPERATIONS INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (734)-416-62 00 |
Document Number : |
3735114 |
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Fax: |
+1 (734)-416-88 31 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
Julio Caspari, President |
Date Incorporated: |
December 04th, 2003 |
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Staff: |
1,137 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Automotive Supplier |
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BUSINESS
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HISTORY |
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ZF Group North American Operations, Inc is a private company based in |
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PRINCIPAL ACTIVITY |
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ZF develops and produces transmissions, steering systems, axles, and
chassis components as well as complete systems for passenger cars, commercial
vehicles, and off-road machinery. ZF is also an important transmission
specialist for special and rail vehicles, marine craft, and helicopters |
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Sales are: |
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Wholesale |
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Brands: |
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- SACHS - ZF PARTS - BOGE |
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Clients: |
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Automotive Constructors: VOLVO DAIMLER FIAT FORD Among others... |
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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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The subject employs 1,317 employee(s) |
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PAYMENTS |
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To Be Monitored |
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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 registered in |
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 a wholly subsidiary of ZF Friedrichshafen AG located in
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Management: |
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Julio Caspari, President Franz Kleiner, VP and CFO Bryan Johnson, Public Relations, Corporate
Affairs, and Communications |
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Related Companies: |
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ZF INDUSTRES LLC |
Financials - COMMERCIAL TRENDS AND FORECAST
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Currency |
DATE |
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USD |
2009 |
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Turnover |
1,284,000,000 |
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Operating Income |
(361,000,000) |
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Net Income |
(421,000,000) |
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Current Assets |
3,829,000,000 |
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Fixed Assets |
4,361,000,000 |
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Net worth |
3,021,000,000 |
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Liabilities |
2,889,000,000 |
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The cash flow is |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of Michigan. 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 a big size company with several
years in the business. Looking at the company's consolidating we
can see that the subject’s parent company is losing money. Indeed, the profitability is negative and
the length of payment needs to be monitored At this time, we suggest dealing with
Guarantees. |
SUMMARY
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Profitability |
NEGATIVE |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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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.45.24 |
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1 |
Rs.72.57 |
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Euro |
1 |
Rs.63.00 |
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.