MIRA INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ELECTRO-MOTIVE DIESEL INC |
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Registered Office : |
9301 W 55th St, Mc Cook, IL 60525-3214 |
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Country : |
United States |
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Year of Establishment : |
1922 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is the largest builder of diesel-electric locomotives
for all commercial railroad applications |
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No. of Employees
: |
2640 |
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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Status : |
Good |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 & address
Electro-Motive Diesel Inc
9301 W 55th St
Mc Cook, IL 60525-3214
United States
Tel: 708-387-6000
Fax: 708-387-6665
Web: www.emdiesels.com
synthesis
Employees: 2,640
Company Type: Private Subsidiary
Corporate Family: 540
Companies
Ultimate Parent: Caterpillar Inc.
Incorporation Date: 1922
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 1,800.0
Total Assets: NA
Business Description
EMD (USA) is the world's largest builder of diesel-electric locomotives for all commercial railroad applications: intercity passenger, commuter, freight, switching, industrial and mining. The company's headquarters, engineering facilities and parts-manufacturing operations are located in LaGrange (Illinois) and final assembly is conducted at EMD's state-of-the-art plant at London (Ontario), from which EMD products are exported to customers worldwide. EMD is also a global provider of diesel power engines for marine propulsion, offshore and land based oil well drilling rigs and stationary power generation.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2911 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
NAICS 2002: 33361 - Engine,
Turbine, and Power Transmission Equipment Manufacturing
UK SIC 2003: 2911 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
US SIC 1987: 3511 - Steam, Gas,
and Hydraulic Turbines, and Turbine Generator Set Units
Key Executives
|
Name |
Title |
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John Hamilton |
President & CEO |
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Michael P. O'Donnell |
Executive Vice President & Chief
Financial Officer |
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Thomas Bastion |
Vice President-Sales & Marketing |
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Suzette Doligiale |
Director of Master Planning |
|
Anuraag Bhargava |
Chief Information Officer |
ABI Number: 009384975
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
9301 W 55th St
Mc Cook, IL, 60525-3214
Cook County
United States
Tel: 708-387-6000
Fax: 708-387-6665
Web: www.emdiesels.com
Sales USD(mil): 1,800.0
Assets USD(mil): NA
Employees: 2,640
Industry: Miscellaneous Capital Goods
Incorporation Date: 1922
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Chairman: Jerry Greenwald
Contents
· Industry Codes
· Business Description
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
NAICS 2002 Codes:
33361 - Engine, Turbine, and Power Transmission Equipment
Manufacturing
US SIC 1987:
3511 - Steam, Gas, and Hydraulic Turbines, and Turbine Generator
Set Units
UK SIC 2003:
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
Business
Description
Establishments primarily engaged in building and rebuilding locomotives (including frames and parts, not elsewhere classified) of any type or gauge; and railroad, street, and rapid transit cars and car equipment for operation on rails for freight and passenger service.
More Business
Descriptions
EMD (USA) is the world's largest builder of diesel-electric locomotives for all commercial railroad applications: intercity passenger, commuter, freight, switching, industrial and mining. The company's headquarters, engineering facilities and parts-manufacturing operations are located in LaGrange (Illinois) and final assembly is conducted at EMD's state-of-the-art plant at London (Ontario), from which EMD products are exported to customers worldwide. EMD is also a global provider of diesel power engines for marine propulsion, offshore and land based oil well drilling rigs and stationary power generation.
For more than half a century, Electro-Motive diesels have hauled freight and passengers, powered ships and generated electricity for more than 100 countries around the globe. The company's products are built to last and to outperform the competition. Electro-Motive Diesel's products have performed in nearly every imaginable condition - from the sands of the Sahara to the heights of the Andes to the demanding grades of the Powder River Basin. With that performance, the company not only helped its customers achieve their goals, but has also earned a reputation for quality, service and innovation. EMD is the world's largest builder of diesel-electric locomotives for all commercial railroad applications: intercity passenger, commuter, freight, switching, industrial and mining. The company's headquarters, engineering facilities and parts-manufacturing operations are located in LaGrange, Ill., just west of Chicago. Final assembly is conducted at EMD's state-of-the-art plant at London, Ontario, from which EMD products are exported to customers around the world.
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Credit Report as of 11/01/2011
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Location |
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9301 W 55th St |
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County: |
Cook |
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MSA: |
Chicago, IL |
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Phone: |
708-387-6000 |
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Fax: |
708-387-6665 |
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URL: |
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ABI©: |
009384975 |
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Annual Sales: |
$1,800,000,000 (USD) |
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Employees: |
2,640 |
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Facility Size(ft2): |
40,000+ |
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Facility Own/Lease: |
Own |
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Business Type: |
Private |
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Location Type: |
Subsidiary |
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Corp. Affiliation: |
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Primary Line of Business: |
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SIC: |
3743-04 |
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NAICS: |
336510 - Railroad Rolling Stock Mfg |
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Secondary Lines of Business: |
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NAICS: |
333132 - Oil & Gas Field Machinery & Equip |
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333611 - Turbine & Turbine Generator Set Units Mfg |
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423990 - All Other Durable Goods Merchant Whols |
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541613 - Marketing Consulting Svcs |
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423860 - Other Transportation Goods Merchant Whols |
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SICs: |
3511-01 - |
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3533-01 - |
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5088-01 - |
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5099-05 - |
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8742-13 - |
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9999-66 - |
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Corporate
Family |
Corporate
Structure News: |
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Electro-Motive
Diesel Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Caterpillar Inc. |
Parent |
Peoria, IL |
United States |
Construction and Agriculture Machinery |
42,588.0 |
121,513 |
|
|
Bucyrus International Inc. |
Subsidiary |
South Milwaukee, WI |
United States |
Miscellaneous Capital Goods |
3,650.6 |
9,800 |
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|
Recently acquired (previously owned by Bucyrus International, Inc.).See corporate structure news on Caterpillar Inc. for details |
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|
Subsidiary |
Lünen |
Germany |
Construction and Agriculture Machinery |
592.1 |
1,200 |
|
|
Subsidiary |
Ostrava |
Czech Republic |
Miscellaneous Fabricated Products |
52.3 |
488 |
|
|
Subsidiary |
Hamm |
Germany |
Business Services |
1.0 |
140 |
|
|
Branch |
Saarbruecken |
Germany |
Oil Well Services and Equipment |
20.8 |
26 |
|
|
Subsidiary |
Beresfield, NSW |
Australia |
Miscellaneous Capital Goods |
1.0 |
|
|
|
Branch |
Houston, PA |
United States |
Construction and Agriculture Machinery |
407.5 |
500 |
|
|
Division |
Denison, TX |
United States |
Construction and Agriculture Machinery |
244.5 |
300 |
|
|
Subsidiary |
Lünen |
Germany |
Miscellaneous Capital Goods |
71.0 |
167 |
|
|
Branch |
Pulaski, VA |
United States |
Construction and Agriculture Machinery |
31.3 |
120 |
|
|
Subsidiary |
Vespasiano |
Brazil |
Miscellaneous Capital Goods |
|
120 |
|
|
Subsidiary |
Kewdale, WA |
Australia |
Construction and Agriculture Machinery |
|
100 |
|
|
Branch |
Gillette, WY |
United States |
Construction and Agriculture Machinery |
65.2 |
80 |
|
|
Branch |
Washington, PA |
United States |
Construction and Agriculture Machinery |
20.9 |
80 |
|
|
Branch |
Hillsville, VA |
United States |
Construction and Agriculture Machinery |
64.4 |
79 |
|
|
Subsidiary |
Edmonton, AB |
Canada |
Metal Mining |
|
75 |
|
|
Branch |
Carrier Mills, IL |
United States |
Construction and Agriculture Machinery |
17.0 |
65 |
|
|
Branch |
Middelburg |
South Africa |
Miscellaneous Capital Goods |
|
45 |
|
|
Branch |
Tazewell, VA |
United States |
Construction and Agriculture Machinery |
7.8 |
30 |
|
|
Branch |
Norris City, IL |
United States |
Miscellaneous Fabricated Products |
4.9 |
25 |
|
|
Branch |
Sudbury, ON |
Canada |
Construction and Agriculture Machinery |
|
20 |
|
|
Subsidiary |
Langfang |
China |
Construction and Agriculture Machinery |
1.0 |
|
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|
Subsidiary |
Piracicaba, SP |
Brazil |
Construction and Agriculture Machinery |
1,335.4 |
4,900 |
|
|
Subsidiary |
Gosselies |
Belgium |
Construction and Agriculture Machinery |
406.8 |
3,797 |
|
|
Subsidiary |
Gosselies |
Belgium |
Computer Services |
41.9 |
147 |
|
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Subsidiary |
Stekene |
Belgium |
Miscellaneous Transportation |
2.7 |
29 |
|
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Subsidiary |
Stekene |
Belgium |
Trucking |
11.6 |
132 |
|
|
Subsidiary |
Borgerhout |
Belgium |
Miscellaneous Transportation |
19.7 |
12 |
|
|
Subsidiary |
Faymonville |
Belgium |
Auto and Truck Parts |
2.0 |
3 |
|
|
Subsidiary |
Herentals |
Belgium |
Construction Services |
0.0 |
|
|
|
Branch |
Decatur, IL |
United States |
Construction and Agriculture Machinery |
1,512.5 |
3,001 |
|
|
Branch |
Montgomery, IL |
United States |
Miscellaneous Capital Goods |
984.0 |
3,000 |
|
|
Subsidiary |
Santa Catarina, Nuevo León |
Mexico |
Construction and Agriculture Machinery |
350.0 |
3,000 |
|
|
Subsidiary |
Morton, IL |
United States |
Miscellaneous Transportation |
175.0 |
3,000 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Business Services |
83.4 |
1,194 |
|
|
Subsidiary |
Vilvoorde |
Belgium |
Business Services |
55.4 |
262 |
|
|
Subsidiary |
Gosselies |
Belgium |
Miscellaneous Capital Goods |
15.1 |
123 |
|
|
Subsidiary |
Houtain-Saint-Simeon |
Belgium |
Construction Services |
0.0 |
10 |
|
|
Subsidiary |
Sart-Saint-Laurent |
Belgium |
Forestry and Wood Products |
1.3 |
4 |
|
|
Subsidiary |
Couillet |
Belgium |
Printing and Publishing |
0.0 |
2 |
|
|
Branch |
Champaign, IL |
United States |
Construction and Agriculture Machinery |
34.0 |
200 |
|
|
Branch |
Des Plaines, IL |
United States |
Business Services |
25.5 |
150 |
|
|
Branch |
College Park, GA |
United States |
Trucking |
20.9 |
140 |
|
|
Subsidiary |
Cabanillas Del Campo, Guadalajara |
Spain |
Miscellaneous Transportation |
14.4 |
124 |
|
|
Subsidiary |
Paris |
France |
Miscellaneous Transportation |
0.7 |
34 |
|
|
Branch |
Ontario, CA |
United States |
Computer Hardware |
18.8 |
21 |
|
|
Subsidiary |
Grenoble |
France |
Construction and Agriculture Machinery |
266.7 |
2,640 |
|
|
Subsidiary |
San Diego, CA |
United States |
Miscellaneous Capital Goods |
1,750.0 |
2,500 |
|
|
Branch |
San Diego, CA |
United States |
Miscellaneous Capital Goods |
2,767.2 |
2,400 |
|
|
Branch |
San Diego, CA |
United States |
Miscellaneous Capital Goods |
2,306.0 |
2,000 |
|
|
Subsidiary |
Gosselies |
Belgium |
Miscellaneous Capital Goods |
427.2 |
450 |
|
|
Branch |
Desoto, TX |
United States |
Miscellaneous Capital Goods |
403.6 |
350 |
|
|
Branch |
Mabank, TX |
United States |
Miscellaneous Capital Goods |
230.6 |
200 |
|
|
Subsidiary |
|
|
|
|
175 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Miscellaneous Capital Goods |
9.6 |
103 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
43 |
|
|
Branch |
New Orleans, LA |
United States |
Miscellaneous Capital Goods |
34.6 |
30 |
|
|
Subsidiary |
Edmonton, AB |
Canada |
Miscellaneous Capital Goods |
43.0 |
28 |
|
|
Branch |
Midvale, UT |
United States |
Miscellaneous Capital Goods |
23.1 |
20 |
|
|
Branch |
Midland, TX |
United States |
Electronic Instruments and Controls |
5.1 |
20 |
|
|
Subsidiary |
Rowville, VIC |
Australia |
Miscellaneous Capital Goods |
3.3 |
20 |
|
|
Solar
Turbines Danmark, Filial af Solar Turbines Europe S.A., Belgien |
Subsidiary |
Esbjerg N |
Denmark |
Miscellaneous Capital Goods |
|
5 |
|
Subsidiary |
Calgary, AB |
Canada |
Miscellaneous Capital Goods |
6.0 |
4 |
|
|
Subsidiary |
London |
United Kingdom |
|
|
|
|
|
Subsidiary |
Buenos Aires, Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
|
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|
Subsidiary |
Luanda |
Angola |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
New Delhi |
India |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Port Harcourt |
Nigeria |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Lecherias |
Venezuela |
Miscellaneous Capital Goods |
|
|
|
|
Branch |
Lafayette, IN |
United States |
Construction and Agriculture Machinery |
957.6 |
1,900 |
|
|
Subsidiary |
Nashville, TN |
United States |
Consumer Financial Services |
2,552.0 |
1,661 |
|
|
Subsidiary |
Ismaning, Bayern |
Germany |
Miscellaneous Financial Services |
|
70 |
|
|
Subsidiary |
Solihull |
United Kingdom |
Consumer Financial Services |
45.4 |
67 |
|
|
Subsidiary |
Solihull |
United Kingdom |
Consumer Financial Services |
0.1 |
|
|
|
Subsidiary |
Pozuelo de Alarcón |
Spain |
Consumer Financial Services |
|
60 |
|
|
Subsidiary |
Burlington, ON |
Canada |
Consumer Financial Services |
|
32 |
|
|
Subsidiary |
Tullamarine, VIC |
Australia |
Consumer Financial Services |
497.3 |
20 |
|
|
Subsidiary |
Pozuelo De Alarcon, Madrid |
Spain |
Rental and Leasing |
19.1 |
12 |
|
|
Subsidiary |
Dublin |
Ireland |
Consumer Financial Services |
84.1 |
8 |
|
|
Subsidiary |
Dublin |
Ireland |
Consumer Financial Services |
7.4 |
3 |
|
|
Subsidiary |
Oslo |
Norway |
Consumer Financial Services |
|
2 |
|
|
Subsidiary |
São Paulo |
Brazil |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Almere |
Netherlands |
Consumer Financial Services |
|
|
|
|
Subsidiary |
Monterrey |
Mexico |
Consumer Financial Services |
|
|
|
|
Caterpillar Financial Service Corp |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
St Denis |
France |
Rental and Leasing |
6.3 |
|
|
|
Branch |
Rockdale, IL |
United States |
Construction and Agriculture Machinery |
644.0 |
1,500 |
|
|
Subsidiary |
Mannheim |
Germany |
Miscellaneous Capital Goods |
394.1 |
1,100 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
40.0 |
100 |
|
|
Subsidiary |
Mannheim, Baden-Württemberg |
Germany |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Curitiba, PR |
Brazil |
Construction and Agriculture Machinery |
489.4 |
1,050 |
|
|
Subsidiary |
Lima |
Peru |
Auto and Truck Parts |
190.4 |
1,030 |
|
|
Subsidiary |
Kiel |
Germany |
Miscellaneous Capital Goods |
967.6 |
1,000 |
|
|
Subsidiary |
Stuttgart, Baden-Württemberg |
Germany |
Personal Services |
44.4 |
130 |
|
|
Subsidiary |
Kleinostheim |
Germany |
Miscellaneous Capital Goods |
|
25 |
|
|
Branch |
Clayton, NC |
United States |
Construction and Agriculture Machinery |
491.4 |
975 |
|
|
Subsidiary |
Rüsselsheim, Hessen |
Germany |
Miscellaneous Financial Services |
133.6 |
937 |
|
|
Subsidiary |
Fiumicino, Roma |
Italy |
Miscellaneous Transportation |
9.0 |
80 |
|
|
Branch |
Pontiac, IL |
United States |
Construction and Agriculture Machinery |
433.4 |
860 |
|
|
Subsidiary |
Moscow |
Russian Federation |
Construction Services |
350.0 |
750 |
|
|
Subsidiary |
Geneva |
Switzerland |
Construction Services |
1.0 |
650 |
|
|
Subsidiary |
Leicester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Brooklyn Park, MN |
United States |
Construction and Agriculture Machinery |
875.0 |
601 |
|
|
Branch |
Corinth, MS |
United States |
Construction and Agriculture Machinery |
302.4 |
600 |
|
|
Subsidiary |
Tullamarine, VIC |
Australia |
Construction and Agriculture Machinery |
62.8 |
600 |
|
|
Subsidiary |
Houston, TX |
United States |
Miscellaneous Capital Goods |
472.0 |
500 |
|
|
Affiliates |
Grand Rapids, MI |
United States |
Miscellaneous Capital Goods |
59.8 |
110 |
|
|
Subsidiary |
Summerville, SC |
United States |
Construction and Agriculture Machinery |
252.0 |
500 |
|
|
Branch |
Griffin, GA |
United States |
Business Services |
85.0 |
500 |
|
|
Subsidiary |
Geneva |
Switzerland |
Construction and Agriculture Machinery |
|
500 |
|
|
Subsidiary |
Grimbergen |
Belgium |
Miscellaneous Capital Goods |
|
500 |
|
|
Subsidiary |
Singapore |
Singapore |
Construction and Agriculture Machinery |
103.6 |
472 |
|
|
Subsidiary |
Riazzino |
Switzerland |
Miscellaneous Capital Goods |
531.4 |
400 |
|
|
Subsidiary |
Cerdanyola Del Valles, Barcelona |
Spain |
Miscellaneous Capital Goods |
34.3 |
39 |
|
|
Subsidiary |
Etobicoke, ON |
Canada |
Construction Services |
138.2 |
400 |
|
|
Subsidiary |
Grand Bourg, Buenos Aires |
Argentina |
Construction and Agriculture Machinery |
|
37 |
|
|
Subsidiary |
Kavaklýdere |
Turkey |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Bukit Mertajam |
Malaysia |
Business Services |
|
|
|
|
Subsidiary |
Tullamarine, VIC |
Australia |
Miscellaneous Fabricated Products |
273.7 |
371 |
|
|
Branch |
Jackson, MS |
United States |
Construction and Agriculture Machinery |
151.2 |
300 |
|
|
Subsidiary |
Menominee, MI |
United States |
Miscellaneous Fabricated Products |
|
300 |
|
|
Branch |
Goldsboro, NC |
United States |
Miscellaneous Fabricated Products |
57.0 |
100 |
|
|
Branch |
Dixon, IL |
United States |
Miscellaneous Fabricated Products |
57.0 |
100 |
|
|
Branch |
Sterling, IL |
United States |
Miscellaneous Fabricated Products |
19.9 |
80 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Fabricated Plastic and Rubber |
47.3 |
279 |
|
|
Branch |
Dyersburg, TN |
United States |
Construction and Agriculture Machinery |
126.0 |
250 |
|
|
Subsidiary |
Channelview, TX |
United States |
Miscellaneous Fabricated Products |
59.8 |
240 |
|
|
Branch |
Booneville, MS |
United States |
Construction and Agriculture Machinery |
110.9 |
220 |
|
|
Subsidiary |
's-Hertogenbosch, Noord-Brabant |
Netherlands |
Construction - Supplies and Fixtures |
|
220 |
|
|
Subsidiary |
Minerbio, Bologna |
Italy |
Construction and Agriculture Machinery |
78.3 |
202 |
|
|
Joint Venture |
Champaign, IL |
United States |
Retail (Specialty) |
39.2 |
201 |
|
|
Branch |
Pomona, MO |
United States |
Construction and Agriculture Machinery |
100.8 |
200 |
|
|
Branch |
Houston, TX |
United States |
Construction and Agriculture Machinery |
100.8 |
200 |
|
|
Branch |
Franklin, NC |
United States |
Construction and Agriculture Machinery |
100.8 |
200 |
|
|
Branch |
Denver, CO |
United States |
Construction and Agriculture Machinery |
100.8 |
200 |
|
|
Subsidiary |
Beijing |
China |
Construction and Agriculture Machinery |
60.0 |
200 |
|
|
Subsidiary |
Jesi, Ancona |
Italy |
Miscellaneous Capital Goods |
66.7 |
186 |
|
|
Subsidiary |
Bazzano, Bologna |
Italy |
Construction and Agriculture Machinery |
171.8 |
334 |
|
|
Subsidiary |
Minerbio, Bologna |
Italy |
Miscellaneous Capital Goods |
18.4 |
90 |
|
|
Branch |
Fountain Inn, SC |
United States |
Construction and Agriculture Machinery |
80.6 |
160 |
|
|
Branch |
Thomasville, GA |
United States |
Construction and Agriculture Machinery |
80.6 |
160 |
|
|
Subsidiary |
Rostock, Mecklenburg-Vorpommern |
Germany |
Miscellaneous Capital Goods |
|
160 |
|
|
Branch |
Oxford, MS |
United States |
Construction and Agriculture Machinery |
75.6 |
150 |
|
|
Subsidiary |
Rantigny |
France |
Construction and Agriculture Machinery |
106.7 |
149 |
|
|
Branch |
Pendergrass, GA |
United States |
Miscellaneous Capital Goods |
76.2 |
140 |
|
|
Branch |
Sumter, SC |
United States |
Construction and Agriculture Machinery |
68.0 |
135 |
|
|
Subsidiary |
Georgetown |
Guyana |
Metal Mining |
30.0 |
130 |
|
|
Subsidiary |
Grenoble |
France |
Miscellaneous Financial Services |
25.4 |
129 |
|
|
Subsidiary |
Lagrange, GA |
United States |
Rental and Leasing |
|
125 |
|
|
Branch |
Prentice, WI |
United States |
Construction and Agriculture Machinery |
114.1 |
140 |
|
|
Branch |
Owatonna, MN |
United States |
Miscellaneous Capital Goods |
94.4 |
100 |
|
|
Branch |
Clayton, NC |
United States |
Construction and Agriculture Machinery |
61.1 |
75 |
|
|
Subsidiary |
Diadema, Sao Paulo |
Brazil |
Railroads |
12.4 |
115 |
|
|
Branch |
Green Valley, AZ |
United States |
Construction and Agriculture Machinery |
50.9 |
101 |
|
|
Subsidiary |
Kuala Lumpur, Wilayah Persekutuan |
Malaysia |
Miscellaneous Capital Goods |
499.3 |
100 |
|
|
Branch |
Danville, KY |
United States |
Miscellaneous Transportation |
75.5 |
100 |
|
|
Subsidiary |
Las Condes, Santiago |
Chile |
Construction Services |
39.0 |
100 |
|
|
Subsidiary |
Prakanong, Bangkok |
Thailand |
Miscellaneous Capital Goods |
37.0 |
100 |
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Construction Services |
32.0 |
100 |
|
|
Branch |
Monroe, LA |
United States |
Rental and Leasing |
18.3 |
100 |
|
|
Subsidiary |
Albertville, AL |
United States |
Railroads |
40.0 |
85 |
|
|
Subsidiary |
Mc Cook, IL |
United States |
Miscellaneous Capital Goods |
1,800.0 |
2,640 |
|
|
Subsidiary |
Beijing, Beijing |
China |
Miscellaneous Capital Goods |
|
|
|
|
Branch |
Winnipeg, MB |
Canada |
Miscellaneous Fabricated Products |
96.9 |
300 |
|
|
Branch |
Fort Worth, TX |
United States |
Railroads |
70.7 |
151 |
|
|
Branch |
Boaz, AL |
United States |
Railroads |
70.2 |
150 |
|
|
Branch |
Taylor Mill, KY |
United States |
Railroads |
70.2 |
150 |
|
|
Branch |
Albertville, AL |
United States |
Railroads |
56.2 |
120 |
|
|
Branch |
Taylor Mill, KY |
United States |
Railroads |
53.8 |
115 |
|
|
Branch |
Montgomery, AL |
United States |
Railroads |
35.0 |
115 |
|
|
Branch |
Sherman, TX |
United States |
Railroads |
46.8 |
100 |
|
|
Branch |
Kansas City, MO |
United States |
Railroads |
46.8 |
100 |
|
|
Branch |
Amarillo, TX |
United States |
Railroads |
46.8 |
100 |
|
|
Branch |
Ashland, KY |
United States |
Waste Management Services |
30.0 |
100 |
|
|
Branch |
Bridgeport, NE |
United States |
Railroads |
45.9 |
98 |
|
|
Branch |
Morrill, NE |
United States |
Railroads |
39.8 |
85 |
|
|
Branch |
Corbin, KY |
United States |
Railroads |
35.1 |
75 |
|
|
Branch |
Patterson, GA |
United States |
Railroads |
30.4 |
65 |
|
|
Branch |
Waskom, TX |
United States |
Railroads |
30.4 |
65 |
|
|
Branch |
Rocklin, CA |
United States |
Miscellaneous Transportation |
40.8 |
54 |
|
|
Branch |
Mojave, CA |
United States |
Railroads |
23.4 |
50 |
|
|
Branch |
Pueblo, CO |
United States |
Construction Services |
11.3 |
50 |
|
|
Branch |
Mira Loma, CA |
United States |
Railroads |
22.5 |
48 |
|
|
Branch |
Louisville, KY |
United States |
Railroads |
31.9 |
45 |
|
|
Branch |
Alorton, IL |
United States |
Railroads |
18.7 |
40 |
|
|
Branch |
Douglas, WY |
United States |
Railroads |
18.3 |
39 |
|
|
Branch |
Okolona, KY |
United States |
Railroads |
16.4 |
35 |
|
|
Branch |
Glendale, AZ |
United States |
Railroads |
16.4 |
35 |
|
|
Branch |
Roanoke, VA |
United States |
Railroads |
16.4 |
35 |
|
|
Branch |
Jackson, SC |
United States |
Miscellaneous Fabricated Products |
10.0 |
34 |
|
|
Branch |
Sidney, NE |
United States |
Railroads |
15.0 |
32 |
|
|
Branch |
Erwin, TN |
United States |
Railroads |
14.5 |
31 |
|
|
Branch |
Alliance, NE |
United States |
Railroads |
14.0 |
30 |
|
|
Branch |
Lincoln, NE |
United States |
Railroads |
11.7 |
25 |
|
|
Branch |
Louisville, KY |
United States |
Railroads |
11.7 |
25 |
|
|
Branch |
Rock Springs, WY |
United States |
Railroads |
10.3 |
22 |
|
|
Branch |
Granite City, IL |
United States |
Railroads |
9.4 |
20 |
|
|
Subsidiary |
Laverton North, VIC |
Australia |
Miscellaneous Capital Goods |
12.5 |
85 |
|
|
Subsidiary |
Ashgabat |
Turkmenistan |
Crops |
37.0 |
84 |
|
|
Branch |
Miami, FL |
United States |
Construction and Agriculture Machinery |
40.3 |
80 |
|
|
Branch |
Toccoa, GA |
United States |
Construction and Agriculture Machinery |
37.8 |
75 |
|
|
Branch |
Greensboro, NC |
United States |
Rental and Leasing |
11.0 |
70 |
|
|
Subsidiary |
Flevy |
France |
Miscellaneous Transportation |
32.9 |
65 |
|
|
Branch |
Ontario, CA |
United States |
Construction and Agriculture Machinery |
32.3 |
64 |
|
|
Branch |
Lubbock, TX |
United States |
Rental and Leasing |
11.3 |
62 |
|
|
Branch |
Idaho Falls, ID |
United States |
Rental and Leasing |
11.0 |
60 |
|
|
Branch |
Troy, OH |
United States |
Rental and Leasing |
11.0 |
60 |
|
|
Subsidiary |
Malaga |
Spain |
Business Services |
15.4 |
53 |
|
|
Subsidiary |
Griesheim, Hessen |
Germany |
Engineering Consultants |
|
52 |
|
|
Branch |
Gouldsboro, PA |
United States |
Construction and Agriculture Machinery |
25.2 |
50 |
|
|
Subsidiary |
Elkader, IA |
United States |
Construction and Agriculture Machinery |
|
50 |
|
|
Subsidiary |
Isando |
South Africa |
Construction Services |
19.0 |
48 |
|
|
Branch |
Bowling Green, KY |
United States |
Rental and Leasing |
8.8 |
48 |
|
|
Branch |
Great Falls, MT |
United States |
Rental and Leasing |
7.5 |
41 |
|
|
Branch |
Lewisville, TX |
United States |
Rental and Leasing |
7.3 |
40 |
|
|
Subsidiary |
Roissy En France |
France |
Retail (Specialty) |
5.7 |
40 |
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Construction and Agriculture Machinery |
1.0 |
40 |
|
|
Branch |
Omaha, NE |
United States |
Rental and Leasing |
6.4 |
35 |
|
|
Subsidiary |
Monchy Le Preux |
France |
Miscellaneous Fabricated Products |
62.6 |
34 |
|
|
Subsidiary |
St Pierre Du Perray |
France |
Miscellaneous Capital Goods |
36.8 |
34 |
|
|
Subsidiary |
Castel Maggiore, Bologna |
Italy |
Miscellaneous Transportation |
3.4 |
34 |
|
|
Subsidiary |
Parma, Parma |
Italy |
Business Services |
10.4 |
33 |
|
|
Subsidiary |
St Denis |
France |
Miscellaneous Financial Services |
273.4 |
30 |
|
|
Branch |
Fort Mcmurray, AB |
Canada |
Rental and Leasing |
6.1 |
30 |
|
|
Branch |
Birmingham, AL |
United States |
Rental and Leasing |
5.5 |
30 |
|
|
Branch |
Knoxville, TN |
United States |
Rental and Leasing |
5.5 |
30 |
|
|
Branch |
Salina, UT |
United States |
Rental and Leasing |
5.5 |
30 |
|
|
Branch |
Daytona Beach, FL |
United States |
Rental and Leasing |
5.3 |
29 |
|
|
Branch |
Irving, TX |
United States |
Construction and Agriculture Machinery |
13.6 |
27 |
|
|
Branch |
Hurricane, UT |
United States |
Rental and Leasing |
4.9 |
27 |
|
|
Branch |
East Peoria, IL |
United States |
Rental and Leasing |
4.8 |
26 |
|
|
Branch |
Grande Prairie, AB |
Canada |
Rental and Leasing |
5.1 |
25 |
|
|
Branch |
Salt Lake City, UT |
United States |
Rental and Leasing |
4.6 |
25 |
|
|
Subsidiary |
Miramar, FL |
United States |
Electric Utilities |
|
25 |
|
|
Branch |
East Wenatchee, WA |
United States |
Rental and Leasing |
4.4 |
24 |
|
|
Branch |
Wichita, KS |
United States |
Rental and Leasing |
4.0 |
22 |
|
|
Branch |
Greenville, SC |
United States |
Miscellaneous Capital Goods |
11.8 |
20 |
|
|
Branch |
Edmonton, AB |
Canada |
Rental and Leasing |
4.2 |
20 |
|
|
Branch |
Langley, BC |
Canada |
Rental and Leasing |
4.1 |
20 |
|
|
Branch |
Calgary, AB |
Canada |
Rental and Leasing |
4.1 |
20 |
|
|
Subsidiary |
Woodbridge, ON |
Canada |
Construction and Agriculture Machinery |
|
20 |
|
|
Subsidiary |
Santa Fe, NM |
United States |
Construction Services |
0.5 |
17 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Construction and Agriculture Machinery |
17.0 |
16 |
|
|
Subsidiary |
Singapore |
Singapore |
Electric Utilities |
8.0 |
14 |
|
|
Branch |
Slave Lake, AB |
Canada |
Rental and Leasing |
3.4 |
14 |
|
|
Subsidiary |
Sassenheim, Zuid-Holland |
Netherlands |
Miscellaneous Capital Goods |
|
14 |
|
|
Subsidiary |
Slough |
United Kingdom |
Construction and Agriculture Machinery |
30.2 |
13 |
|
|
Branch |
Prince George, BC |
Canada |
Rental and Leasing |
3.1 |
13 |
|
|
Branch |
Bonnyville, AB |
Canada |
Rental and Leasing |
2.6 |
13 |
|
|
Branch |
North Vancouver, BC |
Canada |
Rental and Leasing |
2.4 |
10 |
|
|
Subsidiary |
Zürich |
Switzerland |
Miscellaneous Financial Services |
1.0 |
10 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
10 |
|
|
Branch |
Sparwood, BC |
Canada |
Rental and Leasing |
1.9 |
9 |
|
|
Branch |
Lloydminster, AB |
Canada |
Rental and Leasing |
1.6 |
8 |
|
|
Branch |
Vancouver, BC |
Canada |
Rental and Leasing |
1.6 |
8 |
|
|
Branch |
Dawson Creek, BC |
Canada |
Construction and Agriculture Machinery |
7.6 |
7 |
|
|
Branch |
Moncton, NB |
Canada |
Construction and Agriculture Machinery |
4.6 |
7 |
|
|
Branch |
Parksville, BC |
Canada |
Rental and Leasing |
1.5 |
7 |
|
|
Branch |
Peace River, AB |
Canada |
Rental and Leasing |
1.4 |
7 |
|
|
Branch |
Rocky Mountain House, AB |
Canada |
Rental and Leasing |
1.4 |
7 |
|
|
Branch |
Nisku, AB |
Canada |
Real Estate Operations |
1.3 |
7 |
|
|
Subsidiary |
Chaumont |
France |
Commercial Banks |
|
7 |
|
|
Branch |
High Level, AB |
Canada |
Construction and Agriculture Machinery |
3.9 |
6 |
|
|
Branch |
Coquitlam, BC |
Canada |
Rental and Leasing |
1.2 |
6 |
|
|
Branch |
Cochrane, AB |
Canada |
Rental and Leasing |
1.2 |
6 |
|
|
Branch |
Kamloops, BC |
Canada |
Real Estate Operations |
1.0 |
6 |
|
|
Subsidiary |
North Rocks, NSW |
Australia |
Personal Services |
1.7 |
4 |
|
|
Branch |
Fort Nelson, BC |
Canada |
Rental and Leasing |
0.8 |
4 |
|
|
Subsidiary |
Upplands Väsby, Stockholm |
Sweden |
Consumer Financial Services |
16.3 |
3 |
|
|
Branch |
Abbotsford, BC |
Canada |
Rental and Leasing |
0.6 |
3 |
|
|
Branch |
Richmond, BC |
Canada |
Rental and Leasing |
0.6 |
3 |
|
|
Branch |
Terrace, BC |
Canada |
Real Estate Operations |
0.5 |
3 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Business Services |
5.3 |
2 |
|
|
Branch |
High Prairie, AB |
Canada |
Construction and Agriculture Machinery |
0.7 |
1 |
|
|
Subsidiary |
Naughton, ON |
Canada |
Investment Services |
0.4 |
1 |
|
|
Branch |
Wabasca, AB |
Canada |
Rental and Leasing |
0.2 |
1 |
|
|
Subsidiary |
Ismaning, Bayern |
Germany |
Commercial Banks |
|
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Auto and Truck Manufacturers |
3,641.5 |
|
|
|
Subsidiary |
Hokkaido |
Japan |
Construction and Agriculture Machinery |
1.0 |
300 |
|
|
Subsidiary |
Sagamihara |
Japan |
Schools |
1.0 |
86 |
|
|
Subsidiary |
Osaka |
Japan |
Miscellaneous Capital Goods |
1.0 |
|
|
|
Subsidiary |
Niigata |
Japan |
Construction and Agriculture Machinery |
1.0 |
|
|
|
Subsidiary |
Sagamihara |
Japan |
Business Services |
1.0 |
|
|
|
Subsidiary |
's-Hertogenbosch, Noord-Brabant |
Netherlands |
Miscellaneous Financial Services |
75.7 |
|
|
|
Subsidiary |
Tunis |
Tunisia |
Miscellaneous Capital Goods |
64.4 |
|
|
|
Subsidiary |
Tunis |
Tunisia |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Guatemala |
Guatemala |
Miscellaneous Capital Goods |
40.0 |
|
|
|
Subsidiary |
Gosselies |
Belgium |
Commercial Banks |
26.4 |
|
|
|
Subsidiary |
Gosselies |
Belgium |
Commercial Banks |
62.0 |
346 |
|
|
Subsidiary |
Le Versoud |
France |
Miscellaneous Transportation |
13.8 |
|
|
|
Subsidiary |
Gosselies |
Belgium |
Business Services |
10.8 |
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Business Services |
0.0 |
|
|
|
Subsidiary |
Radom |
Poland |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Istanbul |
Turkey |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Capital Goods |
122.5 |
178 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
|
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Construction - Supplies and Fixtures |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Real Estate Operations |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Chennai |
India |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Leicester |
United Kingdom |
Business Services |
0.0 |
|
|
|
Subsidiary |
Newtownabbey |
United Kingdom |
Miscellaneous Capital Goods |
1,010.2 |
2,594 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
8.0 |
100 |
|
|
Subsidiary |
Hong Kong |
China |
Electric Utilities |
|
|
|
|
Subsidiary |
São Paulo |
Brazil |
Electric Utilities |
|
|
|
|
Subsidiary |
Chennai |
India |
Electric Utilities |
|
|
|
|
Subsidiary |
Leicester |
United Kingdom |
Construction and Agriculture Machinery |
938.0 |
1,557 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Miscellaneous Transportation |
282.3 |
1,256 |
|
|
Subsidiary |
Romford |
United Kingdom |
Retail (Specialty) |
3.8 |
39 |
|
|
Subsidiary |
Wolverhampton |
United Kingdom |
Recreational Products |
79.5 |
210 |
|
|
Subsidiary |
Leicester |
United Kingdom |
|
|
54 |
|
|
Subsidiary |
Saltburn By The Sea |
United Kingdom |
Miscellaneous Fabricated Products |
34.1 |
42 |
|
|
Subsidiary |
Northampton |
United Kingdom |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Wimborne |
United Kingdom |
Miscellaneous Capital Goods |
34.7 |
84 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Business Services |
13.7 |
|
|
|
Subsidiary |
Leicester |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Miami, FL |
United States |
Construction Services |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Capital Goods |
1,780.7 |
2,848 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Ain Sebaa Casablanca-Anfa Wilaya, Casablanca |
Morocco |
Construction Services |
|
|
|
|
Subsidiary |
Casnate Con Bernate |
Italy |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tullamarine, VIC |
Australia |
Construction Services |
|
|
|
|
Subsidiary |
Nassau |
Bahamas |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Ladyville |
Belize |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Diadema |
Brazil |
Auto and Truck Parts |
|
|
|
|
Subsidiary |
São Paulo |
Brazil |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Diadema |
Brazil |
Railroads |
|
|
|
|
Subsidiary |
Jiangsu |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tianjin |
China |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Bogotá |
Colombia |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Grand Cayman |
Cayman Islands |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Mumbai |
India |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Monterrey |
Mexico |
Railroads |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Lahore |
Pakistan |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Osaka-Fu |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Chiba-Ken |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Aichi-Ken |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Fukuoka-Ken |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Peoria, IL |
United States |
Business Services |
|
|
|
|
Branch |
West Fargo, ND |
United States |
Miscellaneous Capital Goods |
33.4 |
200 |
|
|
Branch |
Franklin, IN |
United States |
Auto and Truck Parts |
24.3 |
65 |
|
|
Subsidiary |
Singapore |
Singapore |
Construction Services |
|
|
|
|
Subsidiary |
Sharjah |
United Arab Emirates |
Construction Services |
|
|
|
|
Subsidiary |
Bridlington |
United Kingdom |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Macclesfield |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
San Salvador |
El Salvador |
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
Hokkai-Do |
Japan |
Rental and Leasing |
|
|
|
|
Subsidiary |
Duluth, GA |
United States |
Electric Utilities |
|
|
|
|
OEM Solutions Group |
Subsidiary |
|
|
|
|
|
|
Joint Venture |
Almere, Flevoland |
Netherlands |
Construction and Agriculture Machinery |
303.4 |
510 |
|
|
Subsidiary |
Järvenpää |
Finland |
Miscellaneous Capital Goods |
98.6 |
526 |
|
|
Joint Venture |
Singapore |
Singapore |
Miscellaneous Capital Goods |
57.9 |
29 |
Executive report
|
Board of
Directors |
|
|
|
|
||||
|
Chairman |
Chairman |
|
|
Executives |
|
|
|
|
|||
|
President & CEO |
Chief Executive Officer |
|
|||
|
Director of Master Planning |
Division Head Executive |
|
|||
|
General Manager |
Division Head Executive |
|
|||
|
Director, Global Applications Operations |
Operations Executive |
|
|||
|
Senior Manager, International Aftermarket Sales and Administration |
Administration Executive |
|
|||
|
Director, Financial Reporting |
Finance Executive |
|
|||
|
Executive Vice President & Chief Financial Officer |
Finance Executive |
|
|||
|
Audit Manager |
Accounting Executive |
|
|||
|
Accounts Payable Manager |
Accounting Executive |
|
|||
|
Supervisor of Internal Audit |
Accounting Executive |
|
|||
|
Controller |
Controller |
|
|||
|
Director Benefits Compensation |
Benefits & Compensation Executive |
|
|||
|
Human Resources Manager |
Human Resources Executive |
|
|||
|
Director-Human Resources |
Human Resources Executive |
|
|||
|
Senior Human Resources Rep |
Human Resources Executive |
|
|||
|
Salaried Personnel Representative |
Human Resources Executive |
|
|||
|
Personnel Manager |
Human Resources Executive |
|
|||
|
Vice President-International Sales & Service |
Customer Service Executive |
|
|||
|
Vice President-Sales & Marketing |
Sales Executive |
|
|||
|
Manager-Locomotive Sales & Marketing |
Sales Executive |
|
|||
|
Vice President-Regional Sales |
Sales Executive |
|
|||
|
International Trade Specialist |
International Executive |
|
|||
|
Manager Global Strategic Sourcing |
International Executive |
|
|||
|
Director-Communications & Marketing |
Marketing Executive |
|
|||
|
Chief Information Officer |
Information Executive |
|
|||
|
Information Technology Manager |
Information Executive |
|
|||
|
Project Engineer |
Engineering/Technical Executive |
|
|||
|
Director, Engineering |
Engineering/Technical Executive |
|
|||
|
Field Application Engineer |
Engineering/Technical Executive |
|
|||
|
Senior Staff Engineer Underframe Bogie and Tractio |
Engineering/Technical Executive |
|
|||
|
Director, Engineering |
Engineering/Technical Executive |
|
|||
|
Manager Product Design App Engineer |
Engineering/Technical Executive |
|
|||
|
Senior Environ Proj Engineer |
Engineering/Technical Executive |
|
|||
|
Experimental Test Engineer |
Engineering/Technical Executive |
|
|||
|
Product Manager |
Product Management Executive |
|
|||
|
Project Manager, Sap Sd Business Analyst |
Business Development Executive |
|
|||
|
Manager Commercial, Scotland |
Commercial Executive |
|
|||
|
Compliance Manager |
Legal Executive |
|
|||
|
Compliance Contractor |
Legal Executive |
|
|||
|
General Counsel |
Legal Executive |
|
|||
|
Compliance Manager |
Legal Executive |
|
|||
|
Compliance Director |
Legal Executive |
|
|||
|
Mro Buyer |
Merchandise Management Executive |
|
|||
|
Business Leader-Aftermarket Parts |
Purchasing Executive |
|
|||
|
Purchasing Agent |
Purchasing Executive |
|
|||
|
Materials Manager |
Purchasing Executive |
|
|||
|
Vice President Quality and Reliability |
Quality Executive |
|
|||
|
Quality Assurance Manager |
Quality Executive |
|
|||
|
Coordinator |
Other |
|
|||
|
Engine Development |
Other |
|
|||
|
Engine Development |
Other |
|
|||
|
Manager, Master Scheduling |
Other |
|
|||
|
Project Manager |
Other |
|
|||
|
Coordinator |
Other |
|
|||
|
H and S Representative |
Other |
|
|||
|
Project Manager |
Other |
|
|||
|
Enterprise Architect |
Other |
|
|||
|
Director |
Other |
|
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.49.50 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.19 |
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.