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Report Date : |
23.02.2012 |
IDENTIFICATION DETAILS
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Name : |
FLSMIDTH AS |
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Registered Office : |
Vigerslev Alle 77 2500 Valby |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1882 |
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Legal Form : |
Limited Company |
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Line of Business : |
Installation of industrial machinery and equipment |
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No. of Employees : |
1463 |
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 : |
Estimated 10.000.000 Danish Krone |
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Status : |
Good |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Denmark |
A2 |
A2 |
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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 |
Main name FLSMIDTH A/S
Main address VIGERSLEV ALLE 77
City 2500 VALBY
Country Denmark
Phone-no. +45-36-181000
Nat. partner ID-no. 100537
ID-/Reg.-no. 15028882 A/S
Legal form Limited company
Company Status Active
Latest change 2012-01-29
Activity 71.12 Engineering activities and related technical consu
55.10 Hotels and similar accommodation
33.20 Installation of industrial machinery and equipment
No of employees empl 1463
Management JØRGEN HUNO RASMUSSEN (Managing director)
BJARNE MOLTKE HANSEN
CHRISTIAN JEPSEN
POUL ERIK TOFTE
Board of directors VAGN OVE SØRENSEN (Chairman of the board)
JENS SEVERIN STEPHENSEN
TORKIL BENTZEN (Member of the board)
JENS JESPER OVESEN (Member of the board)
HANS PER MARTIN IVERT (Member of the board)
STEN ERIK JAKOBSEN (Member of the board)
JENS PALLE ANDERSEN (Member of the board)
FRANK LUND (Member of the board)
METTE DOBEL (Member of the board)
Established 1882
Registered 1991-06-19
Bankers NORDEA BANK DANMARK A/S STORKUNDEAFDELINGEN
- STRANDGADE 3,
DANSKE BANK STORKUNDER DANMARK HOLMENS KANAL 2 1092
- KØBENHAVN K
Currency Danish Krone
Closing date 2010-12-31 2009-12-31 2008-12-31
Source Ann. report Ann. report Ann. report
Turnover 4.922.000.000 8.347.000.000 7.759.000.000
Costs 4.266.000.000 7.246.000.000 6.720.000.000
Ordinary result 730.000.000 1.674.000.000 1.412.000.000
Tax 207.000.000 278.000.000 244.000.000
Annual result 523.000.000 1.396.000.000 1.168.000.000
Assets
Fixed assets 4.711.000.000 5.792.000.000 4.695.000.000
Current assets 4.505.000.000 5.546.000.000 4.511.000.000
Liabilities
Equity capital 4.498.000.000 5.677.000.000 3.520.000.000
Share capital 500.000.000 500.000.000 400.000.000
Long-term debts 238.000.000 277.000.000 979.000.000
Short-term debts 3.764.000.000 4.792.000.000 4.307.000.000
Company Ratios
Gearing I -1.878,87 -4.407,83 -449,87
Acid test ratio I 119,69 115,73 104,74
Acid test ratio II 114,67 111,60 102,46
Return on investment 7,12 9,71 11,29
Return on equity 16,23 29,49 40,11
Solvency ratio 48,81 50,07 38,24
Property Yes
Property ass. value 50.000.000 (Annual report)
Mortgaging I No
Parent company FLSMIDTH & CO. A/S (ID:159821) (100%)
Subsidiaries PT FLSMIDTH INDONESIA (100%)
FLSMIDTH KREBS GMBH (100%)
FLSMIDTH QINGDAO LTD (100%)
FLSMIDTH LTDA (100%)
FLSMIDTH SA (100%)
FLSMIDTH (JERSEY) LIMITED (100%)
F.L.SMIDTH MATERIALS HANDLING A/S (ID:124970) - (100%)
FLSMIDTH ARGENTINA SA (100%)
FLSMIDTH LTD (100%)
FLS US HOLDINGS INC (100%)
FLSMIDTH MACHINERY INDUSTRI (QINGDAO) LTD (100%)
FLSMIDTH MAAG GEAR AG (100%)
PFISTER HOLDING GMBH (100%)
FLSMIDTH IRELAND LIMITED (100%)
FLSMIDTH SP. Z.O.O. (100%)
FLSMIDTH RUSLAND HOLDING A/S (ID:1447686) (90%)
MAAG GEAR SYSTEMS AG (100%)
FLSMIDTH D.O.O. (100%)
FL SMIDTH DORR-OLIVER EIMCO DENMARK APS (ID:946769)- (100%)
FLSMIDTH MINERALS HOLDING APS (ID:1181942) (100%)
Associated business FLS EURASIA AG (33%)
LFC INTERNATIONAL ENGINEERING JSC (40%)
Secondary names(s) FFE MINERALS A/S
FFE MINERALS DENMARK A/S
F.L.SMIDTH AIRTECH A/S
FLS AIRLOQ A/S
FLS AUTOMATION A/S
Payment profile Payment regular
Credit limit Estimated 10.000.000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.24 |
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|
1 |
Rs.76.75 |
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Euro |
1 |
Rs.65.16 |
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 |
-- |
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.