MIRA INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SIEMENS ENERGY, INC. |
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Formerly Known As : |
SIEMENS POWER GENERATION INC. |
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Registered Office : |
C/O The Corporation Trust Company, Corporation Trust Center 1209
Orange Street Wilmington New Castle De 19801 |
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Country : |
United States |
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Date of Incorporation : |
12.11.1997 |
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Com. Reg. No.: |
2819892 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Design and construction of fossil fuel generation plants |
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 1,000,00. |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
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: |
Siemens Energy Inc |
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Address in the order: |
4400Alafaya Trail Orlando Florida 32826 |
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Legal Name: |
SIEMENS ENERGY, INC. |
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Trade Name: |
FKA SIEMENS POWER GENERATION INC |
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Legal Address |
C/O THE CORPORATION TRUST COMPANY CORPORATION TRUST CENTER 1209 ORANGE STREET WILMINGTON NEW CASTLE DE 19801 (Registered agent\'s address) |
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Operative Address |
4400 ALAFAYA TRAIL ORLANDO FL 32826 |
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Mailing Address |
C/O SIEMENS CORPORATION 170 WOOD AVENUE SOUTH ISELIN NJ 08830 |
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Telephone: |
(407) 736-2000 |
Registration Number : |
2819892 |
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Fax: |
(407) 736-5009 |
Legal Form: |
Corporation for Profit |
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Email: |
N.A. |
Registered in: |
Delaware |
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Website: |
www.siemens.com |
Date Created: |
N.A. |
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Manager: |
ZWIRN, RANDY - President |
Date Incorporated: |
November 12, 1997 |
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Staff: |
6144 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Design and construction of fossil fuel generation plants |
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BANKS
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Name of the Bank |
BANKFINANCIAL FSB |
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Location |
15W60 N FRONTAGE RD BURR RIDGE
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BUSINESS
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HISTORY |
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The company was formerly named SIEMENS POWER GENERATION INC. The name was changed in October 2008. |
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PRINCIPAL ACTIVITY |
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The company is part of the Siemens Energy Sector. It offers design and
construction of fossil fuel generation plants using its manufactured gas and
steam turbines. The group also installs systems for cogeneration, nuclear,
hydroelectric, biomass, and combined heat and power plants. It is also involved in fuel cell development and makes wind-driven
turbines, while offering operations, maintenance, and management services. |
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Operations area: |
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National |
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The subject employs 6144 employee(s) |
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LOCATION |
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Headquarters |
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4400 ALAFAYA TRAIL ORLANDO FL 32826 |
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Branches: |
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The company has several branches in Florida. |
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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 part of the Siemens Energy Sector. The end parent company is: Siemens AG Wittelsbacherplatz 2 Munich, 80333 Germany Siemens AG is publicly traded at the NYSE. |
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Management: |
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ZWIRN, RANDY - President, CEO and Director CONNER, STEVE - Director and CFO |
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Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. The group reported annual sales of 103,726,000,000 USD last year. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2006 |
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Turnover |
706,500,000 |
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Operating Income |
78,000,000 (gross profit) |
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Net Income |
57,000,000 |
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Current Assets |
503,000,000 |
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Fixed Assets |
49,000,000 |
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Net worth |
154,000,000 |
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Bank liabilities |
105,000,000 |
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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 last annual report was filed on
05/02/2011. 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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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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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The subject is well established company part of a large international
group, leader in its businesses. It is a large size company. A credit line may be considered for USD
1,000,00. |
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SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We called the accounting department several times, but nobody was
available to answer our questions. |
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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.45.29 |
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UK Pound |
1 |
Rs.73.84 |
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Euro |
1 |
Rs.64.18 |
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 Business |
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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.