MIRA
INFORM REPORT
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Report Date : |
15.10.2011 |
IDENTIFICATION DETAILS
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Name : |
OERLIKON TEXTILE INC |
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Registered Office : |
8801 South Blvd Charlotte, NC 28273-6931 |
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Country : |
United States |
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Year of Establishment : |
1876 |
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Legal Form : |
Private Branch |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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 : |
$25,000 (USD) |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
Oerlikon Textile Inc
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Business
Description
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Established in 1853, Oerlikon Textile is one of the leading providers
of machinery equipment for yarn production customers in the United States. It
has expertise in technical process and competent consultation. Oerlikon
Textile offers a range of economical solutions for chemical fiber plant
design and nonwovens production. It also provides systems for ring spinning,
rotor spinning, winding, twisting and embroidery. The company specializes in
textile machines and plant engineering and operates in North Carolina. It
operates through various business units, including Oerlikon Barmag, Oerlikon
Saurer and Oerlikon Neumag. The company is a part of The Oerlikon Group,
which staffs more than 18,000 employees. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and
Equipment Manufacturing |
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NACE 2002: |
2954 - Manufacture of machinery for
textile, apparel and leather production |
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NAICS 2002: |
333292 - Textile Machinery Manufacturing |
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UK SIC 2003: |
2954 - Manufacture of machinery for
textile, apparel and leather production |
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US SIC 1987: |
3552 - Textile Machinery |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Corporate Structure News
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Oerlikon Textile
Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Pfaeffikon |
Switzerland |
Miscellaneous Capital Goods |
3,453.7 |
17,223 |
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Subsidiary |
Pfäffikon SZ, Schwyz |
Switzerland |
Apparel and Accessories |
1,750.0 |
19,000 |
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Subsidiary |
Arbon |
Switzerland |
Miscellaneous Capital Goods |
2,556.9 |
12,600 |
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Subsidiary |
CervenĂ˝ Kostelec |
Czech Republic |
Miscellaneous Capital Goods |
23.5 |
494 |
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Subsidiary |
Wattwil, St. Gall |
Switzerland |
Textiles - Non Apparel |
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175 |
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Subsidiary |
Singapore |
Singapore |
Textiles - Non Apparel |
21.2 |
160 |
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Subsidiary |
Rivoli |
Italy |
Auto and Truck Parts |
1.0 |
100 |
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Subsidiary |
Friedberg, Bayern |
Germany |
Miscellaneous Capital Goods |
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90 |
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Subsidiary |
Denver, CO |
United States |
Miscellaneous Capital Goods |
75.0 |
80 |
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Subsidiary |
Tlalnepantla |
Mexico |
Textiles - Non Apparel |
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23 |
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Subsidiary |
Köln |
Germany |
Miscellaneous Capital Goods |
175.0 |
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Subsidiary |
Villebon Sur Yvette |
France |
Miscellaneous Capital Goods |
46.4 |
149 |
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Subsidiary |
Export, PA |
United States |
Miscellaneous Capital Goods |
1,750.0 |
120 |
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Branch |
St Petersburg, FL |
United States |
Semiconductors |
85.7 |
150 |
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Branch |
Charlotte, NC |
United States |
Miscellaneous Capital Goods |
250.0 |
100 |
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Branch |
Golden, CO |
United States |
Medical Equipment and Supplies |
32.3 |
80 |
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Subsidiary |
Gyeonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
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32 |
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Subsidiary |
Vejle |
Denmark |
Chemicals - Plastics and Rubber |
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Subsidiary |
Leonding |
Austria |
Textiles - Non Apparel |
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Subsidiary |
Leonding, Oberösterreich |
Austria |
Textiles - Non Apparel |
39.0 |
125 |
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Subsidiary |
Sao Leopoldo |
Brazil |
Textiles - Non Apparel |
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Subsidiary |
Arbon |
Switzerland |
Miscellaneous Capital Goods |
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Subsidiary |
Suzhou |
China |
Textiles - Non Apparel |
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Subsidiary |
Wuxi New District |
China |
Textiles - Non Apparel |
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Subsidiary |
George Town |
Cayman Islands |
Textiles - Non Apparel |
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Subsidiary |
Hong Kong |
Hong Kong |
Textiles - Non Apparel |
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Subsidiary |
Hong Kong |
Hong Kong |
Textiles - Non Apparel |
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Subsidiary |
Esentepe |
Turkey |
Textiles - Non Apparel |
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Subsidiary |
Remscheid |
Germany |
Miscellaneous Capital Goods |
656.4 |
3,000 |
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Subsidiary |
Remscheid |
Germany |
Miscellaneous Capital Goods |
450.0 |
930 |
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Subsidiary |
Fellbach, Baden-WĂĽrttemberg |
Germany |
Miscellaneous Capital Goods |
67.0 |
423 |
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Oerlikon NEUMAG Zweigniederlassung der Oerlikon
Textile GmbH & Co. KG |
Subsidiary |
NeumĂĽnster |
Germany |
Miscellaneous Capital Goods |
1.0 |
400 |
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Branch |
Mönchengladbach |
Germany |
Miscellaneous Capital Goods |
1.0 |
350 |
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Subsidiary |
PANCHMAHAL |
India |
Miscellaneous Capital Goods |
1.6 |
88 |
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Oerlikon Saurer (Zweigniederlassung der Oerlikon
Textile GmbH & Co. KG) |
Subsidiary |
Kempten |
Germany |
Miscellaneous Capital Goods |
13.2 |
70 |
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Subsidiary |
Remscheid, Nordrhein-Westfalen |
Germany |
Computer Services |
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70 |
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Subsidiary |
Macclesfield |
United Kingdom |
Scientific and Technical Instruments |
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15 |
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Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Commercial Banks |
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2 |
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Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
261.2 |
830 |
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Subsidiary |
Dresden, Sachsen |
Germany |
Miscellaneous Capital Goods |
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75 |
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Subsidiary |
Milano, Milano (Milan) |
Italy |
Miscellaneous Financial Services |
2.7 |
14 |
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Subsidiary |
Utrecht, Utrecht |
Netherlands |
Construction and Agriculture Machinery |
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7 |
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Subsidiary |
Aschheim, Bayern |
Germany |
Appliance and Tool |
31.3 |
24 |
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Subsidiary |
Maharashtra |
India |
Miscellaneous Capital Goods |
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Subsidiary |
Krefeld, Nordrhein-Westfalen |
Germany |
Biotechnology and Drugs |
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Subsidiary |
Singapore |
Singapore |
Furniture and Fixtures |
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Subsidiary |
Rivoli, TO |
Italy |
Auto and Truck Parts |
392.5 |
964 |
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Subsidiary |
New Delhi |
India |
Auto and Truck Parts |
1.0 |
450 |
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Subsidiary |
Kolhapur |
India |
Auto and Truck Parts |
36.1 |
479 |
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Subsidiary |
Cham, Zug |
Switzerland |
Miscellaneous Capital Goods |
317.6 |
375 |
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Subsidiary |
St Thibault Des Vignes |
France |
Miscellaneous Fabricated Products |
36.6 |
224 |
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Subsidiary |
Pyongtaek |
Korea, Republic of |
Miscellaneous Fabricated Products |
1.0 |
200 |
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Subsidiary |
Balzers |
Liechtenstein |
Miscellaneous Fabricated Products |
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200 |
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Subsidiary |
Bingen Am Rhein, Rheinland-Pfalz |
Germany |
Miscellaneous Fabricated Products |
61.1 |
500 |
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Subsidiary |
Bekasi |
Indonesia |
Miscellaneous Fabricated Products |
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Subsidiary |
Hiratsuka |
Japan |
Miscellaneous Fabricated Products |
54.8 |
158 |
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Subsidiary |
Gyeonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
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110 |
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Subsidiary |
Wanchai, Wanchai |
Hong Kong |
Miscellaneous Capital Goods |
1.0 |
100 |
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Joint Venture |
Chaoyang District, Beijing |
China |
Construction Services |
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100 |
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Subsidiary |
Brugherio, Milano (Milan) |
Italy |
Miscellaneous Fabricated Products |
12.1 |
99 |
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Subsidiary |
Antzuola, Guipuzcoa |
Spain |
Miscellaneous Fabricated Products |
7.9 |
70 |
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Subsidiary |
Kapfenberg, Steiermark |
Austria |
Miscellaneous Fabricated Products |
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70 |
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Subsidiary |
Stockholm, Stockholm |
Sweden |
Miscellaneous Fabricated Products |
11.8 |
48 |
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Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Fabricated Products |
6.1 |
42 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Fabricated Products |
2.7 |
40 |
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Subsidiary |
BrĂĽgg bei Biel |
Switzerland |
Miscellaneous Fabricated Products |
0.1 |
14 |
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Subsidiary |
Mumbai |
India |
Miscellaneous Capital Goods |
1.0 |
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Subsidiary |
Elgin, IL |
United States |
Chemical Manufacturing |
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Branch |
Rock Hill, SC |
United States |
Miscellaneous Fabricated Products |
16.8 |
65 |
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Branch |
Richmond, IN |
United States |
Miscellaneous Fabricated Products |
15.5 |
60 |
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Subsidiary |
Utrecht |
Netherlands |
Miscellaneous Capital Goods |
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Subsidiary |
Windisch |
Switzerland |
Miscellaneous Capital Goods |
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Subsidiary |
Niedercorn |
Luxembourg |
Miscellaneous Fabricated Products |
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Subsidiary |
Chonburi |
Thailand |
Miscellaneous Fabricated Products |
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Subsidiary |
JundiaĂ |
Brazil |
Miscellaneous Fabricated Products |
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Subsidiary |
Pfäffikon |
Switzerland |
Business Services |
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Subsidiary |
TrĂĽbbach |
Switzerland |
Electric Utilities |
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Subsidiary |
Hsin Chu |
Taiwan |
Electric Utilities |
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Subsidiary |
TrĂĽbbach |
Switzerland |
Electric Utilities |
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Subsidiary |
TrĂĽbbach |
Switzerland |
Electric Utilities |
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Subsidiary |
Neuchâtel |
Switzerland |
Business Services |
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Subsidiary |
Singapore |
Singapore |
Electric Utilities |
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Subsidiary |
Shanghai |
China |
Electric Utilities |
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Subsidiary |
TrĂĽbbach |
Switzerland |
Consumer Financial Services |
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Subsidiary |
Querétaro |
Mexico |
Chemical Manufacturing |
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35 |
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Subsidiary |
Suzhou |
China |
Miscellaneous Fabricated Products |
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Subsidiary |
Saint-Thibault-des-Vigne |
France |
Miscellaneous Fabricated Products |
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Subsidiary |
Saint-Thibault-des-Vigne |
France |
Miscellaneous Fabricated Products |
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50 |
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Subsidiary |
Pune |
India |
Miscellaneous Fabricated Products |
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Subsidiary |
Polkowice |
Poland |
Miscellaneous Fabricated Products |
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Subsidiary |
Elektrostal |
Russian Federation |
Miscellaneous Fabricated Products |
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Subsidiary |
Moscow |
Russian Federation |
Textiles - Non Apparel |
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Subsidiary |
NilĂĽfer |
Turkey |
Miscellaneous Fabricated Products |
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Subsidiary |
Chutung |
Taiwan |
Containers and Packaging |
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Executives Report
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US Patent Issued
to Oerlikon Textile on Oct. 4 for "Plant for Producing a Fibre Web of
Plastic and Cellulose Fibres" (Danish Inventor)
U.S. Fed News: 10 October 2011
[What follows is the full text of the news story.]
ALEXANDRIA, Va.,
Oct. 10 -- United States Patent no. RE42,765, issued on Oct. 4, was assigned to
Oerlikon Textile GmbH & Co. KG (Remscheid, Germany).
"Plant for
Producing a Fibre Web of Plastic and Cellulose Fibres" was invented by
Jens Ole Brochner Andersen (Skanderborg, Denmark).
According to the
abstract released by the U.S. Patent & Trademark Office: "A plant
serves as a mean for production of a fibre web of synthetic fibres, such as
plastic fibres and absorbent fibres, such as viscose and cellulose fibres. The
plant includes a forming head preliminary to lay a homogeneously and smoothly
distributed fibre layer on a net shaped wire. Furthermore the plant includes a
hydro-entangling section with liquid nozzles with powerful liquid jets to treat
the in the forming head formed fibre layer, which consists of both
synthetic-and absorbent fibres. The plant also includes an oven subsequently to
thermal bond the synthetic fibres with cross bonds in the affected areas.
Finally the dried web is winded up in a roller. By the help of the plant
according to the invention, by higher production speed than known previously a
fibre web can be produced, which is far cheaper, and which has a better and
more homogeneous structure than similar conventional fibre webs."
The patent was
filed on Oct. 12, 1998, under Application No. 10/804,238.
For further information please visit:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=RE42765&OS=RE42765&RS=RE42765
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Swiss OC Oerlikon
wins major order at international fair - report
ADP Switzerland News: 03 October 2011
[What follows is the full text of the news story.]
(SeeNews) - Oct 3,
2011 - Swiss industrial firm OC Oerlikon (VTX:OERL) won a major order for 18 new
rotor spinning machines from a Bangladesh client at the International
Exhibition of Textile Machinery (ITMA), CEO Michael Buscher told Swiss paper
Finanz und Wirtschaft.
In an interview
published on Saturday, Buscher said he was very satisfied with the achievements
during the exhibition. However, it was too early to reveal the total value of
orders.
At the fair that
took place in Barcelona, OC Oerlikon presented seven new textile machines.
Source:
Oerlikon Textile
Assigned Patent
U.S. Fed News: 31 May 2011
[What follows is the full text of the news story.]
By US Fed News
ALEXANDRIA, Va.,
May 31 -- Oerlikon Textile, Monchengladbach, Germany, has been assigned a
patent (7,946,398) developed by Christian Felber, Sonthofen, Germany, and
Christian Schmieger, Probstried, Germany, for a "method for adjusting a
braking torque and permanently excited magnetic hysteresis brake."
The abstract of
the patent published by the U.S. Patent and Trademark Office states: "A
permanently excited magnetic hysteresis brake (1) comprises a support roller
(7) rotatable about a fixed axle (9), a magnetic element (3), a hysteresis
element (2) and an adjusting device for adjusting the position of the magnetic
element (3) and hysteresis element (2) relative to one another and for adjusting
the braking torque acting via the support roller (7) on the yarn (5). The
magnetic hysteresis brake (1) has only one single mechanically acting actuator
(18) for adjusting the braking torque. Both the adjustment of the braking
torque to the desired value for the operation of the brake (1) and the
adjustment of the braking torque when calibrating the brake (1) are carried out
by actuation of this one actuator (18). The structure and handling of the
magnetic hysteresis brake (1) can be simplified thereby. The magnetic
hysteresis brake (1) can be used to maintain a uniform thread tension on
textile machines."
The patent
application was filed on Feb. 21, 2007 (11/708,999). The full-text of the
patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=7,946,398.PN.&OS=PN/7,946,398&RS=PN/7,946,398
Written by Rajat
Puri; edited by Jaya Anand.
RP0530JA0531-557318
US Patent Issued
to Oerlikon Textile GmbH & Co. KG on May 24 for "Open-End Spinning
Frame" (German Inventors)
U.S. Fed News: 29 May 2011
[What follows is the full text of the news story.]
ALEXANDRIA, Va.,
May 29 -- United States Patent no. RE42,383, issued on May 24, was assigned to
Oerlikon Textile GmbH & Co. KG (Monchengladbach, Germany).
"Open-End
Spinning Frame" was invented by Heinz-Georg Wassenhoven (Monchengladbach,
Germany) and Claus-Dieter Landolt (Monchengladbach, Germany).
According to the
abstract released by the U.S. Patent & Trademark Office: "An open-end
spinning frame having a spinning rotor, whose rotor shaft is supported, free of
axial thrust, in the bearing wedge of a support disk bearing arrangement and is
fixed in place by means of a magnetic axial bearing. The axial bearing has a
stationary magnetic bearing component fixed on the bearing housing, and a
rotating magnetic bearing component arranged at the end of the rotor shaft and
having at least two annular shoulders defined by recesses in the rotor shaft.
The sharpness of the annular shoulders is reduced in the area between their
outer circumference and the adjoining radial faces of each annular shoulder,
e.g., via curved or beveled surfaces in such area, and the base surfaces of the
recesses are each connected via rounded sections with the radial faces of the
adjoining annular shoulders."
The patent was
filed on Oct. 9, 2003, under Application No. 10/682,853.
For further information please visit:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=RE42383&OS=RE42383&RS=RE42383
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
US Patent Issued to
Oerlikon Textile on May 24 for "Method for Adjusting a Braking Torque and
Permanently Excited Magnetic Hysteresis Brake" (German...
U.S. Fed News: 28 May 2011
[What follows is the full text of the news story.]
US Patent Issued
to Oerlikon Textile on May 24 for "Method for Adjusting a Braking Torque
and Permanently Excited Magnetic Hysteresis Brake" (German Inventors)
ALEXANDRIA, Va.,
May 28 -- United States Patent no. 7,946,398, issued on May 24, was assigned to
Oerlikon Textile GmbH & Co. KG (Monchengladbach, Germany).
"Method for
Adjusting a Braking Torque and Permanently Excited Magnetic Hysteresis
Brake" was invented by Christian Felber (Sonthofen, Germany) and Christian
Schmieger (Probstried, Germany).
According to the
abstract released by the U.S. Patent & Trademark Office: "A
permanently excited magnetic hysteresis brake (1) comprises a support roller
(7) rotatable about a fixed axle (9), a magnetic element (3), a hysteresis
element (2) and an adjusting device for adjusting the position of the magnetic
element (3) and hysteresis element (2) relative to one another and for
adjusting the braking torque acting via the support roller (7) on the yarn (5).
The magnetic hysteresis brake (1) has only one single mechanically acting
actuator (18) for adjusting the braking torque. Both the adjustment of the
braking torque to the desired value for the operation of the brake (1) and the
adjustment of the braking torque when calibrating the brake (1) are carried out
by actuation of this one actuator (18). The structure and handling of the
magnetic hysteresis brake (1) can be simplified thereby. The magnetic
hysteresis brake (1) can be used to maintain a uniform thread tension on
textile machines."
The patent was
filed on Feb. 21, 2007, under Application No. 11/708,999.
For further
information please visit:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=7946398&OS=7946398&RS=7946398
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
OC Oerlikon Q1
2011 revenue grows by 35% Y/Y
ADP Switzerland News: 19 April 2011
[What follows is the full text of the news story.]
(ADPnews) - Apr
19, 2011 - Swiss industrial engineering firm OC Oerlikon (VTX:OERL) said today
its revenue rose by 35% on the year to CHF 953 million (USD 1.06bn/EUR 742m) in
the first quarter of 2011.
The company said
that all its segments -- Oerlikon Textile, Oerlikon Drive Systems, Oerlikon
Vacuum, Oerlikon Solar, Oerlikon Coating, Advanced Technologies -- contributed
with double-digit growth.
Order intake
improved by 23% to CHF 1.152 billion and order backlog jumped by 60% to CHF
1.928 billion. Again all segments delivered growth, the company said.
Revenue and order
growth was registered in all regions where the company is active but mainly in
Asia.
The figures
published by OC Oerlikon met the expectations of analysts polled by Swiss news
agency AWP.
The company
affirmed its guidance for the full 2011. OC Oerlikon expects revenue growth of
up to 10% and and further increase in profitability based on stable foreign
exchange rates. In 2011, profitability is expected to reach levels near to the
company's best years. Order intake is forecast to decline slightly as overall
market demand normalises after the peak following the economic crisis.
(CHF 1.0 = USD
1.112/EUR 0.78)
Source:
Oerlikon Textile GmbH & Co. KG Files Patent Application for
False-twist Assembly
Indian Patent News
08 September 2011
|
[What follows is
the full text of the article.] New Delhi, Sept.
8 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent
application for false-twist assembly. The inventors are Singh Suprit Pal, Schafer
Klaus, Bartkowiak Klaus and Faulstich Stefan. Oerlikon Textile
GmbH & Co. KG filed the patent application on Dec. 28, 2010. The patent
application number is 8544/CHENP/2010 A. The international classification
number is D02G1/08. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
provides a false-twist assembly constructed of a large center-disk and also a
plurality of disks which are arranged around the center-disk, are
parallel-axially rotatably mounted and cooperate with the center-disk. This
makes it possible to twist a plurality of threads at one and the same time.
Either the disks run in a groove of a groove-disk such that a narrow gap is
formed. The thread to be twisted is clamped in this gap, so that the forces
exerted on the thread by the disks are securely transmitted to the thread.
The thread undergoes additional twisting as a result of it being guided over
the sides of the disk and groove-disk. Or, for every thread path, pairs of
the disks arranged around the center-disk are arranged together with the
center-disk to be axially in succession and overlapping such that the thread
passing between the disks is twisted." Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for
Apparatus for Cooling a Multiplicity of Synthetic Threads
Indian Patent News
27 July 2011
|
[What follows is
the full text of the article.] New Delhi, July
27 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent
application for apparatus for cooling a multiplicity of synthetic threads.
The inventors are Roland Nitschke, Jorg Hegenbarth, Ugur Bas and Markus
Reichwein. Oerlikon Textile
GmbH & Co. KG filed the patent application on Nov. 1, 2010. The patent
application number is 3246/CHE/2010 A. The international classification
numbers are D01H13/00 and D02J13/00. According to the
Controller General of Patents, Designs & Trade Marks, "Apparatus for
cooling a multiplicity of synthetic threads, with a blow box which is
connectable to a cooling-air generator and contains a plurality of cooling
cylinders with gas-permeable cylinder walls which are arranged at a distance
from one another in the blow box between an upper thread inlet orifice and a
lower thread outlet orifice, characterized in that at least one of the
cooling cylinders has between the thread orifices a partition by which the
respective cooling cylinder is divided into a plurality of separate cooling
zones and in that the partition is connected exchangeable to the blow
box." Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Method
and Apparatus for Melt Spinning, Treating and Winding Up a Synthetic Yarn
Indian Patent News
17 July 2011
|
[What follows is
the full text of the article.] New Delhi, July
17 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent application
for method and apparatus for melt spinning, treating and winding up a
synthetic yarn. The inventors are Klaus Schafer, Ulrich Enders, Stefan Becker
and Andreas May. Oerlikon Textile
GmbH & Co. KG filed the patent application on Oct. 8, 2010. The patent
application number is 2988/CHE/2010 A. The international classification
number is D01D5/08. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a method and an apparatus for melt-spinning, treating and winding
up a synthetic yarn, in which a multiplicity of spun filaments are brought
together to form a yam, treated and wound up and in which the yam is wetted
with a chemical fluid before the winding up. In order to make dosed wetting
of the yam possible at high yam speeds in the range from 5000 m/min to 8000
m/min, according to the invention the yam is guided through a standing liquid
column of the fluid for the wetting, a height of the liquid column being
variable for the dosing. For this purpose, formed within the wetting device
is a vertically aligned column chamber for receiving a liquid column, which
extends between an upper yam inlet and a lower yam outlet." About the
Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Textile
Machine Producing Cross- Wound Bobbins
Indian Patent News
26 May 2011
|
[What follows is
the full text of the article.] New Delhi, May
26 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent application
for textile machine producing cross- wound bobbins. The inventors are
Wedershoven Hans-Guenter, Hoffmann Ralf, Mund Manfred and Hennig Peter. Oerlikon Textile
GmbH & Co. KG filed the patent application on Nov. 2, 2007. The patent
application number is 1839/MUMNP/2007 A. The international classification
number is D01H1/16. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
proposes connecting the workstation computers of the workstations of the
textile machine producing cross-wound bobbins to separate functional groups
of the respective workstation in each case by means of a workstation
fieldbus. This produces a high degree of flexibility, which allows later
adaptation of the workstation with little effort." About the Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Joining
Method on a Jet Spinning Machine as Well as a Spinning Device and Jet Spinning
Machine
Indian Patent News
25 May 2011
|
[What follows is
the full text of the article.] New Delhi, May
25 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent
application for joining method on a jet spinning machine as well as a
spinning device and jet spinning machine. The inventors are Weide Thomas and
Feuerlohn Helmut. Oerlikon Textile
GmbH & Co. KG filed the patent application on Nov. 19, 2007. The patent
application number is 1946/MUMNP/2007 A. The international classification
number is D01H4/48. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a joining method on a jet spinning machine, comprising at least
one spinning device, in which a thread is formed by means of a spinning jet
device which generates an injection flow in cooperation with a hollow
spinning cone, whereby an auxiliary thread is used for joining thereto. The
auxiliary thread is subsequently discarded and the newly spun thread spliced
to the end of the upper thread. The spinning device is provided with a first
clamping device for the temporary clamping of the upper thread and a second
clamping device for the temporary clamping of the auxiliary thread. The jet
spinning machine can be provided with an operating carriage running along the
spinning posts." About the
Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Spinning
Rotor
Indian Patent News
25 May 2011
|
[What follows is
the full text of the article.] New Delhi, May 25
-- Germany based Oerlikon Textile GmbH & Co. KG filed patent application
for spinning rotor. The inventor is Wassenhoven Heinz-Georg. Oerlikon Textile
GmbH & Co. KG filed the patent application on Nov. 19, 2007. The patent
application number is 1941/MUMNP/2007 A. The international classification
number is D01H4/10. According to the
Controller General of Patents, Designs & Trade Marks, "A spinning
rotor for an open-end rotor spinning machine has a rotor shaft, a rotor disk
with an opening, an inner chamber, a rotor groove, a conically tapering slide
wall which extends from the opening to the rotor groove and a rotor base
facing the opening and provided with a bore through which the rotor shaft
extends at least partially. The rotor shaft is linked to the rotor disk by a
connection element and the rotor shaft and rotor disk comprise a common
rotational axis. According to the invention, the rotor shaft and the rotor
disk include connection means that are at least partially surrounded by the
connection element designed as a cast part, thus achieving an interlocking
connection between the rotor shaft and the rotor disk." About the
Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery for
producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes,
blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Thread Displacement
Drive, in Particular for a Workstation of a Textile Machine
Indian Patent News
25 May 2011
|
[What follows is
the full text of the article.] New Delhi, May
25 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent
application for thread displacement drive, in particular for a workstation of
a textile machine. The inventor is Flamm Franz-Josef. Oerlikon Textile
GmbH & Co. KG filed the patent application on Nov. 19, 2007. The patent
application number is 1939/MUMNP/2007 A. The international classification
number is B65H54/28. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a mechanism for controlling a thread displacement, in particular for
a textile machine working station comprising a thread guide and an electric
motor individual drive provided therefor and an angle sensor for determining
an actual angular position of a thread guide and a controller for predefining
at least one correcting variable for the output stage of the electric motor
individual drive for driving the thread. The inventive mechanism for
controlling a thread displacement makes it possible to obtain high displacing
frequencies by preventing displacement errors, wherein the controller
comprises a multivariable control system for accurately controlling at least
one correcting variable and thereby the actual angular position of the thread
guide. A status monitor for accurately determining the internal conditions
such as in a real control section and for transmitting them to the controller
is provided." About the
Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Method
for Winding a Thread to Form a Cross-Wound Bobbin and a Cross-Wound Bobbin
Indian Patent News
20 May 2011
|
[What follows is
the full text of the article.] New Delhi, May
20 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent application
for method for winding a thread to form a cross-wound bobbin and a
cross-wound bobbin. The inventors are Haak Dieter and Herwegh Felix Martin. Oerlikon Textile
GmbH & Co. KG filed the patent application on Sept. 24, 2007. The patent
application number is 4183/CHENP/2007 A. The international classification
number is B65H54/08. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
describes a method for winding a thread to form a cross-wound bobbin and a
cross-wound bobbin. In order to determine an end-face form on the cross-head
bobbin, a continuously supplied thread is passed to and fro within a
cross-winding excursion having a variable length. In order to obtain a
uniform penetration of dye in particular for the purpose of dyeing the
cross-wound bobbin, according to the invention the cross-winding excursion is
controlled at the end of the winding-on such that rounding of the end face of
the cross-wound bobbin results on both end sides." About the
Company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Process
for Producing Elastic and/or Water Degradable Webs from Composite Filaments
Indian Patent News
03 May 2011
|
[What follows is
the full text of the article.] New Delhi, May 3
-- Germany based Oerlikon Textile GmbH & Co. KG filed patent application
for process for producing elastic and/or water degradable webs from composite
filaments. The inventor is Andersen Jens Ole Brochner. Oerlikon Textile
GmbH & Co. KG filed the patent application on Sept. 20, 2007. The patent
application number is 7261/DELNP/2007 A. The international classification
number is D04H1/70. According to the
Controller General of Patents, Designs & Trade Marks, "A process of
manufacturing a non-woven web from virtually endless composite filaments. The
filaments used in said process are arranged in a sheath-core arrangement in
which the sheath component comprise a thermoplastic polymer and the core
component is selected from the group of an elastomer, a water-soluble polymer
and/or a biodegradable polymer. The sheath component constitutes at least 20
percentage by weight of the filament and that the core component constitutes
at least 10 percentage by weight of the filament. The process according to
the invention provides a simple and inexpensive process for manufacturing
water soluble and/or elastic non-woven webs of any width, using virtually
endless filaments." Copyright
Contify.com
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Oerlikon Textile GmbH & Co. KG Files Patent Application for Method
for Operating a Spindle of a Two-For-One Twister or Cabling Machine
Indian Patent News
05 April 2011
|
[What follows is
the full text of the article.] New Delhi, April
5 -- Germany based Oerlikon Textile GmbH & Co. KG filed patent
application for method for operating a spindle of a two-for-one twister or
cabling machine. The inventor is Schlagenhaft Walter. Oerlikon Textile
GmbH & Co. KG filed the patent application on Dec. 23, 2010. The patent
application number is 2753/MUMNP/2010 A. The international classification
numbers are D01H1/10, D01H13/10, D01H7/86 and D02G3/28. According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a method for operating a spindle of a two-for-one twister or
cabling machine, wherein a thread is drawn off from a drum spool and is fed
into a guide device disposed below a twisted yarn plate of the spindle, from
which the thread exits the spindle nearly perpendicular to the longitudinal
axis of the spindle and is diverted to the outer edge of the twisted yam
plate and runs along the spindle as a free thread balloon encompassing the
spindle, until the thread is fed into the thread or cable point of a thread
guide device above the spindle, wherein the feed speed of the thread is
adjusted so that the thread tension has a value that minimizes the diameter
of the free thread balloon encompassing the spindle as a function of the
geometry of the spindle." About the
company Oerlikon Textile
GmbH & Co. KG is primarily engaged in manufacture of machinery for
working soft rubber or plastics or for the manufacture of products of these
materials (extruders, moulders, pneumatic tyre making or retreading machines
and other machines for making a specific rubber or plastic product);
manufacture of printing and bookbinding machines; manufacture of machinery
for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc. Copyright
Contify.com
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Standard & Poor’s
|
United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
|
Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term
sovereign credit rating on the United States of America to 'AA+' from 'AAA' and
affirmed the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings from
CreditWatch negative.
·
The downgrade reflects our
opinion that the fiscal consolidation plan that Congress and the Administration
recently agreed to falls short of what, in our view, would be necessary to
stabilize the government's medium-term debt dynamics.
·
More broadly, the downgrade
reflects our view that the effectiveness, stability, and predictability of
American policymaking and political institutions have weakened at a time of
ongoing fiscal and economic challenges to a degree more than we envisioned when
we assigned a negative outlook to the rating on April 18, 2011.
·
Since then, we have changed our
view of the difficulties in bridging the gulf between the political parties
over fiscal policy, which makes us pessimistic about the capacity of Congress
and the Administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt
dynamics any time soon.
·
The outlook on the long-term
rating is negative. We could lower the long-term rating to 'AA' within the next
two years if we see that less reduction in spending than agreed to, higher
interest rates, or new fiscal pressures during the period result in a higher
general government debt trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the long-term
rating is negative. At the same time, Standard & Poor's affirmed its 'A-1+'
short-term rating on the U.S. In addition, Standard & Poor's removed both
ratings from CreditWatch, where they were placed on July 14, 2011, with
negative implications.
The transfer and
convertibility (T&C) assessment of the U.S.--our assessment of the
likelihood of official interference in the ability of U.S.-based public- and
private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over
raising the statutory debt ceiling and the related fiscal policy debate
indicate that further near-term progress containing the growth in public
spending, especially on entitlements, or on reaching an agreement on raising
revenues is less likely than we previously assumed and will remain a
contentious and fitful process. We also believe that the fiscal consolidation
plan that Congress and the Administration agreed to this week falls short of
the amount that we believe is necessary to stabilize the general government
debt burden by the middle of the decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011, especially Paragraphs 36-41).
Nevertheless, we view the U.S. federal government's other economic, external,
and monetary credit attributes, which form the basis for the sovereign rating,
as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The political
brinksmanship of recent months highlights what we see as America's governance
and policymaking becoming less stable, less effective, and less predictable
than what we previously believed. The statutory debt ceiling and the threat of
default have become political bargaining chips in the debate over fiscal
policy. Despite this year's wide-ranging debate, in our view, the differences
between political parties have proven to be extraordinarily difficult to
bridge, and, as we see it, the resulting agreement fell well short of the
comprehensive fiscal consolidation program that some proponents had envisaged
until quite recently. Republicans and Democrats have only been able to agree to
relatively modest savings on discretionary spending while delegating to the
Select Committee decisions on more comprehensive measures. It appears that for
now, new revenues have dropped down on the menu of policy options. In addition,
the plan envisions only minor policy changes on Medicare and little change in
other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that elected
officials remain wary of tackling the structural issues required to effectively
address the rising U.S. public debt burden in a manner consistent with a 'AAA'
rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and
Assumptions," June 30, 2011, especially Paragraphs 36-41). In
our view, the difficulty in framing a consensus on fiscal policy weakens the
government's ability to manage public finances and diverts attention from the
debate over how to achieve more balanced and dynamic economic growth in an era
of fiscal stringency and private-sector deleveraging (ibid). A new political
consensus might (or might not) emerge after the 2012 elections, but we believe
that by then, the government debt burden will likely be higher, the needed
medium-term fiscal adjustment potentially greater, and the inflection point on
the U.S. population's demographics and other age-related spending drivers
closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now," June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s
finances on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides
that if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and
Medicare. We understand that this fall-back mechanism is designed to encourage
Congress to embrace a more balanced mix of expenditure savings, as the
committee might recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration
could modify any agreement in the future. Even assuming that at least $2.1
trillion of the spending reductions the act envisages are implemented, we
maintain our view that the U.S. net general government debt burden (all levels
of government combined, excluding liquid financial assets) will likely continue
to grow. Under our revised base case fiscal scenario--which we consider to be
consistent with a 'AA+' long-term rating and a negative outlook--we now project
that net general government debt would rise from an estimated 74% of GDP by the
end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of
sovereign indebtedness is high in relation to those of peer credits and, as
noted, would continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed
our assumption on this because the majority of Republicans in Congress continue
to resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a
possible further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose
monetary policy at a time of fiscal tightening. Nonetheless, it is possible
that interest rates could rise if investors re-price relative risks. As a
result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in
10-year bond yields relative to the base and upside cases from 2013 onwards. In
this scenario, we project the net public debt burden would rise from 74% of GDP
in 2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant
peers--Canada, France, Germany, and the U.K.--we also observe, based on our
base case scenarios for each, that the trajectory of the U.S.'s net public debt
is diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service.
Although in our view the credit standing of the U.S. government has
deteriorated modestly, we see little indication that official interference of
this kind is entering onto the policy agenda of either Congress or the
Administration. Consequently, we continue to view this risk as being highly
remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario illustrates,
a higher public debt trajectory than we currently assume could lead us to lower
the long-term rating again. On the other hand, as our upside scenario
highlights, if the recommendations of the Congressional Joint Select Committee
on Deficit Reduction--independently or coupled with other initiatives, such as
the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal
consolidation measures beyond the minimum mandated, and we believe they are
likely to slow the deterioration of the government's debt dynamics, the
long-term rating could stabilize at 'AA+'.
On Monday, we
will issue separate releases concerning affected ratings in the funds,
government-related entities, financial institutions, insurance, public finance,
and structured finance sectors.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
|
1 |
Rs.77.42 |
|
Euro |
1 |
Rs.67.72 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.