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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ENTEGRIS INC
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Registered Office : |
129 Concord
Road, Billerica, MA 01821 |
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Country : |
United States |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
17.03.2005 |
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Legal Form : |
Public Parent
Company |
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Line of Business : |
Subject is a global developer, manufacturer and supplier
of products and materials used in processing and manufacturing in the
semiconductor and other high-technology industries |
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No. of Employees : |
2,700 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
united StaTes ECONOMIC OVERVIEW
The US has the largest and most
technologically powerful economy in the world, with a per capita GDP of
$49,800. In this market-oriented economy, private individuals and business firms
make most of the decisions, and the federal and state governments buy needed
goods and services predominantly in the private marketplace. US business firms
enjoy greater flexibility than their counterparts in Western Europe and Japan
in decisions to expand capital plant, to lay off surplus workers, and to
develop new products. At the same time, they face higher barriers to enter
their rivals' home markets than foreign firms face entering US markets. US
firms are at or near the forefront in technological advances, especially in
computers and in medical, aerospace, and military equipment; their advantage
has narrowed since the end of World War II. The onrush of technology largely
explains the gradual development of a "two-tier labor market" in
which those at the bottom lack the education and the professional/technical
skills of those at the top and, more and more, fail to get comparable pay
raises, health insurance coverage, and other benefits. Since 1975, practically
all the gains in household income have gone to the top 20% of households. Since
1996, dividends and capital gains have grown faster than wages or any other
category of after-tax income. Imported oil accounts for nearly 55% of US
consumption. Crude oil prices doubled between 2001 and 2006, the year home
prices peaked; higher gasoline prices ate into consumers' budgets and many
individuals fell behind in their mortgage payments. Oil prices climbed another
50% between 2006 and 2008, and bank foreclosures more than doubled in the same
period. Besides dampening the housing market, soaring oil prices caused a drop
in the value of the dollar and a deterioration in the US merchandise trade
deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis,
falling home prices, investment bank failures, tight credit, and the global
economic downturn pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP. In 2012 the federal
government reduced the growth of spending and the deficit shrank to 7.6% of
GDP. Wars in Iraq and Afghanistan required major shifts in national resources
from civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through 2011, the direct costs of the wars totaled
nearly $900 billion, according to US government figures. US revenues from taxes
and other sources are lower, as a percentage of GDP, than those of most other
countries. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform that will extend
coverage to an additional 32 million American citizens by 2016, through private
health insurance for the general population and Medicaid for the impoverished.
Total spending on health care - public plus private - rose from 9.0% of GDP in
1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall
Street Reform and Consumer Protection Act, a law designed to promote financial
stability by protecting consumers from financial abuses, ending taxpayer
bailouts of financial firms, dealing with troubled banks that are "too big
to fail," and improving accountability and transparency in the financial
system - in particular, by requiring certain financial derivatives to be traded
in markets that are subject to government regulation and oversight. In December
2012, the Federal Reserve Board announced plans to purchase $85 billion per
month of mortgage-backed and Treasury securities in an effort to hold down
long-term interest rates, and to keep short term rates near zero until
unemployment drops to 6.5% from the December rate of 7.8%, or until inflation
rises above 2.5%. Long-term problems include stagnation of wages for
lower-income families, inadequate investment in deteriorating infrastructure,
rapidly rising medical and pension costs of an aging population, energy
shortages, and sizable current account and budget deficits - including
significant budget shortages for state governments.
|
Source : CIA |
Entegris Inc
129 Concord Road
Billerica, MA
01821
United States
Tel: 978-436-6500
Fax: 978-436-6735
Toll Free: (800) 394-4083
Web: www.entegris.com
Employees: 2,700
Company Type: Public
Parent
Corporate Family: 25 Companies
Traded: NASDAQ: ENTG
Incorporation
Date: 17-Mar-2005
Auditor: KPMG
LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2012
Reporting
Currency: US Dollar
Annual Sales: 715.9 1
Net Income: 68.8
Total Assets: 811.5 2
Market Value: 1,418.5
(27-Sep-2013)
Entegris, Inc. is a global developer, manufacturer
and supplier of products and materials used in processing and manufacturing in
the semiconductor and other high-technology industries. For the semiconductor
industry, the Company’s products maintain the purity and integrity of
critical materials used by the semiconductor manufacturing process. For other
high-technology applications, its products and materials are used to
manufacture flat panel displays, light emitting diodes, high-purity chemicals,
photoresists, fuel cells, solar cells, gas lasers, optical and magnetic storage
devices, fiber optic cables and critical components for aerospace, glass
manufacturing and biomedical applications. It designs, manufactures and markets
its products through three business segments: contamination control solutions
segment, microenvironments segment and specialty materials segment. In April
2013, it acquired Jetalon Solutions Inc. For the 26 weeks ended 29 June 2013,
Entegris Inc revenues decreased 6% to $342.6M. Net income decreased 8% to
$36.2M. Revenues reflect Contamination Control Solutions segment decrease of 7%
to $114.6M, Entegris Speciality Materials segment decrease of 17% to $17M. Net
income also reflects Contamination Control Solutions segment income decrease of
18% to $28.6M, Entegris Speciality Materials segment income decrease of 57% to
$1.9M.
Industry
Industry
Rubber and Plastic Product Manufacturing
ANZSIC 2006:
1919 - Other Polymer Product Manufacturing
ISIC Rev 4:
2220 - Manufacture of plastics products
NACE Rev 2:
2229 - Manufacture of other plastic products
NAICS 2012:
333413 - Industrial and Commercial Fan and Blower and Air Purification
Equipment
Manufacturing
UK SIC 2007:
2229 - Manufacture of other plastic products
US SIC 1987:
3089 - Plastics Products, Not Elsewhere Classified
(Emails Available)
|
Name |
Title |
|
Bertrand Loy |
President and Chief Executive Officer |
|
Gregory B. Graves |
Chief Financial Officer, Executive Vice President, Treasurer |
|
Peter W. Walcott |
Senior Vice President, General Counsel, Secretary |
|
John J. Murphy |
Senior Vice President - Human Resources |
|
Steve Cantor |
Director of Investor Relations |
|
* number of significant developments within the last 12 months
|
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet
Item Exchange Rate: USD 1 = USD 1
Location
129 Concord Road
Billerica, MA,
01821
Middlesex County
United States
Tel: 978-436-6500
Fax: 978-436-6735
Toll Free Tel: (800)
394-4083
Web: www.entegris.com
Quote Symbol -
Exchange
ENTG - NASDAQ
Sales USD(mil): 715.9
Assets USD(mil): 811.5
Employees: 2,700
Fiscal Year End: 31-Dec-2012
Industry: Fabricated Plastic and
Rubber
Incorporation
Date: 17-Mar-2005
Company Type: Public Parent
Quoted Status: Quoted
President and Chief
Executive Officer:
Bertrand Loy
Industry Codes
ANZSIC 2006
Codes:
1919 - Other
Polymer Product Manufacturing
1916 - Paint
and Coatings Manufacturing
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified
2439 - Other
Electrical Equipment Manufacturing
2419 - Other
Professional and Scientific Equipment Manufacturing
2469 - Other
Specialised Machinery and Equipment Manufacturing
ISIC Rev 4 Codes:
2220 - Manufacture
of plastics products
2022 - Manufacture
of paints, varnishes and similar coatings, printing ink and mastics
2651 - Manufacture
of measuring, testing, navigating and control equipment
2819 - Manufacture
of other general-purpose machinery
2790 - Manufacture
of other electrical equipment
2813 - Manufacture
of other pumps, compressors, taps and valves
NACE Rev 2 Codes:
2229 - Manufacture
of other plastic products
2030 - Manufacture
of paints, varnishes and similar coatings, printing ink and mastics
2829 - Manufacture
of other general-purpose machinery n.e.c.
2651 - Manufacture
of instruments and appliances for measuring, testing and navigation
2790 - Manufacture
of other electrical equipment
2814 - Manufacture
of other taps and valves
2825 - Manufacture
of non-domestic cooling and ventilation equipment
NAICS 2012 Codes:
333413 - Industrial
and Commercial Fan and Blower and Air Purification Equipment Manufacturing
333318 - Other
Commercial and Service Industry Machinery Manufacturing
335991 - Carbon
and Graphite Product Manufacturing
334513 - Instruments
and Related Products Manufacturing for Measuring, Displaying, and Controlling
Industrial Process Variables
333249 - Other
Industrial Machinery Manufacturing
325510 - Paint
and Coating Manufacturing
332911 - Industrial
Valve Manufacturing
US SIC 1987:
3089 - Plastics
Products, Not Elsewhere Classified
2851 - Paints,
Varnishes, Lacquers, Enamels, and Allied Products
3491 - Industrial
Valves
3624 - Carbon
and Graphite Products
3823 - Industrial
Instruments for Measurement, Display, and Control of Process Variables; and
Related Products
3589 - Service
Industry Machinery, Not Elsewhere Classified
3559 - Special
Industry Machinery, Not Elsewhere Classified
3564 - Industrial
and Commercial Fans and Blowers and Air Purification Equipment
UK SIC 2007:
2229 - Manufacture of other plastic products
20301 - Manufacture of paints, varnishes and
similar coatings, mastics and sealants
2829 - Manufacture of other general-purpose
machinery n.e.c.
2651 - Manufacture of instruments and
appliances for measuring, testing and navigation
2814 - Manufacture of other taps and valves
2790 - Manufacture of other electrical
equipment
2825 - Manufacture of non-domestic cooling
and ventilation equipment
Business Description
Entegris, Inc., incorporated
on March 17, 2005, is a global developer, manufacturer and supplier of products
and materials used in processing and manufacturing in the semiconductor and
other high-technology industries. For the semiconductor industry, the
Company’s products maintain the purity and integrity of critical materials
used by the semiconductor manufacturing process. For other high-technology
applications, its products and materials are used to manufacture flat panel
displays, light emitting diodes (LEDs), high-purity chemicals, photoresists,
fuel cells, solar cells, gas lasers, optical and magnetic storage devices,
fiber optic cables and critical components for aerospace, glass manufacturing
and biomedical applications. It designs, manufactures and markets its products
through three business segments: contamination control solutions segment, which
offers a range of products that purify, monitor and deliver critical liquids
and gases to the semiconductor manufacturing process and similar manufacturing
processes; microenvironments segment, which offers products to preserve the
integrity of wafers, reticles and electronic components at various stages of
transport, processing and storage, and specialty materials segment, which
offers materials, components and services to a range of customers in the
semiconductor industry and in adjacent and unrelated industries. In April 2013,
it acquired Jetalon Solutions Inc.
The Company sells
its products through a direct sales force and through selected distributors. It
offers a product portfolio, which includes more than 17,000 standard and
customized products. Its products include both unit driven and capital expense
driven products. Unit-driven and consumable products are consumed or exhausted
during the manufacturing process. Its unit-driven and consumable product class
includes membrane-based liquid filters and housings, metal-based gas filters,
resin-based gas purifiers, wafer shippers, disk-shipping containers and test
assembly and packaging products and consumable graphite and silicon carbide
components used in plasma etch, ion implant and chemical vapor deposition (CVD)
processes in semiconductor manufacturing.
The Company’s
wafer and reticle carriers are high-purity micro-environments, which carry
wafers between each of the process steps, protecting them from damage and
contamination during these transport operations. Its fluid handling components
assure the delivery of pure liquid chemicals to each of these process steps.
Once the front-end manufacturing process is completed, finished wafers are
transferred to back-end manufacturers or assemblers. The back-end semiconductor
manufacturing process consists of test, assembly and packaging of finished
wafers into integrated circuits. Its wafer shippers, wafer and reticle carriers
and integrated circuit trays facilitate the storage, transport, processing and
protection of wafers through these front-end and back-end manufacturing steps.
Contamination
Control Solutions
Liquid processing
occurs during multiple manufacturing steps, including photolithography,
deposition, planarization and surface etching and cleaning. The fluids that are
used include various mixtures of acids, bases, solvents, slurries and
photochemicals, which in turn are used over a range of operating conditions,
including temperatures from 5 degrees Celsius up to 180 degrees Celsius.
Specially designed filters remove sub-micron sized particles and bubbles from
the different fluid streams that are used in the manufacturing process. Some of
its filters are constructed with ultra-high molecular weight polyethylene flat
sheet membranes. Its hold-up volume disposable filters, with flat sheet
membranes, use its Connectology technology to allow filter changes in less than
a minute. It offers chemical delivery products that allow the delivery of
chemicals from the chemical manufacturer to the point-of-use in the
semiconductor fab. These products are made from perfluoroalkoxy (PFA), a
fluoropolymer resin. Both semiconductor manufacturers and semiconductor
original equipment manufacturers (OEMs) use its chemical delivery products and
systems. Its product line provides the customers with a single-source provider
for their chemical storage and management needs throughout the manufacturing
process.
The Company’s
chemical delivery products include valves, fittings, tubing, pipe, chemical
containers, custom fabricated products and associated connection systems for
high-purity chemical applications. Its photochemical filtration and dispense
systems integrate its patented two-stage, filter device and valve control
technologies. Its two-stage technology permits the filtering and dispenses
functions to operate independently so that filtering and dispensing of
photochemicals can occur at different rates. It offers a range of filters
designed to connect with these systems. Its digital valve control technology
improves chemical uniformity on wafers and improves ease of optimized system
operation. In addition, its integrated high-precision liquid dispense systems
enable uniform application of photoresists for the spin-coating process, where
uniformity is measured in units of Angstroms, a tiny fraction of the thickness
of a human hair.
The Company
offers a range of measurement and control products for high-purity and
corrosive applications. For electronic measurement and control of liquids, it
provides a range of pressure and flow measurement and control products, as well
as all-plastic capacitance sensors for leak detection, valve position, chemical
level and other measurements. It also offers mechanical gauge pressure
measurement products. In addition, it offers a range of consumable polyvinyl
alcohol (PVA) roller brush products to clean the wafer following the chemical
mechanical planarization process. Its Planarcore PVA roller brush is molded on
the core to allow easy installation that reduces tool downtime and a
dimensionally stable product that provides consistent wafer-to-wafer cleaning
performance.
The Company’s
Wafergard, ChamberGard and Waferpure particle and molecular filtration products
purify the gas entering the process chamber in order to eliminate system and
wafer problems due to particulate, atmospheric and chemical contaminants. These
filters are able to retain all particles 0.003 microns and larger. Its metal filters,
such as stainless steel and nickel filters, reduce outgassing. Its Waferpure
and Aeronex Gatekeeper purifiers chemically react with and absorb contaminants,
such as oxygen and water, to prevent contamination, and its ChamberGard vent
diffusers reduce particle contamination and processing cycle times. It offers a
range of gas purification products to meet the stringent requirements of
semiconductor processing. Its Aeronex Gas Purification Systems contain
dual-resin beds, providing a continuous supply of purified gas without process
interruption. Its product line also includes filter housings and hybrid media
chemical air filters which purify air entering tool enclosures and remove
airborne molecular contaminants.
Microenvironments
The Company’s
microenvironment products fall into three sub-categories, wafer and reticle
handling products, wafer shipping products and data storage products. It is a
global producer of wafer and reticle handling products. It offers a range of
products that hold and position wafers as they travel between each piece of
equipment used in the automated semiconductor manufacturing process. These
specialized carriers provide precise wafer positioning, wafer protection and
reliable and predictable cassette interfaces in automated fabs. It provides
standard and customized products, which meet a customers’ wafer handling
needs, provides standard unified pods (FOUPs), wafer transport and process
carriers, standard mechanical interface (SMIF) pods and work-in-process boxes.
It offers wafer carriers in a range of materials, including advanced polymeric
materials, and in sizes ranging from 100 millimeters through 300 millimeters,
as well as for experimental 450 millimeters wafers. It is also a global
provider of mask and reticle handling products, including reticle SMIF pods for
the protection of contamination-sensitive lithography reticles. Through its
Clarilite -branded product offerings, it is providing its customers with
contamination control solutions.
The Company is a
global provider of shipping products that preserve the raw silicon wafers as
they are transported from wafer manufacturers to semiconductor manufacturers or
finished wafers shipped to back end processors. Its Ultrapak and Crystalpak
products, which is supplied to wafer manufacturers in a range of sizes covering
100, 125, 150 and 200 millimeters wafers. It also offers full-pitch,
front-opening shipping box (FOSB), for the transportation and automated
interface of 300 millimeters wafers. It offers a complete shipping system,
including both wafer shipping containers, as well as secondary packaging that
provides another level of protection for wafers. It offers a Single Wafer
Shipper and a Multi-Application Carrier. It offers outsourcing programs for
wafer and device transportation and protection for both wafer manufacturing and
wafer handling products. Its Wafercare and DeviceCare services include product
cleaning, certified re-use services for shipping products, on-site and off-site
product maintenance and optimization, and end-of-life recycling for its wafer,
device and disk-handling products. Re-use services can be customized depending
on the customer’s needs to provide product cleaning, logistics, recovery,
certification and supply solutions for its products.
The Company
provides products and solutions to manage two sectors in the data storage
market: magnetic disks and the read/write heads used to read and write higher
density disks. It offers products that protect and maintain the integrity of
these components during their processing, storage and shipment. Its product
offerings for magnetic hard disk drives include process carriers, boxes,
packages, tools and shippers for aluminum and other disk substrates. Its
optical hard disk drive products include stamper cases, process carriers, boxes
and glass master carriers. Its read/write head products include transport
trays, carriers, handles, boxes, individual disk substrate packages and
accessories. It offers chip and matrix trays, as well as carriers for bare die
handling and integrated circuits. Its materials management products are
available in a range of sizes with various feature sets. Its standard trays
offer dimensional stability and permanent electrostatic discharge protection.
Its trays also offer a number of features, including custom designs to minimize
die movement and contact; shelves and pedestals to minimize direct die contact,
special pocket features to handle various surface finishes to eliminate die
sticking, and other features for automated or manual die placement and removal.
In addition, it supports its product line with a range of accessories to
address specific needs such as static control, cleaning, chip washing and other
related requirements.
Specialty
Materials
The Company’s specialty materials products fall
into two sub-categories: Poco Graphite Products and Specialty Coating Products.
These products all provide materials science enabling solutions in the form of
materials, components or services that provide corrosion, high temperature,
wear and chemical resistance, electrical and thermal conductivity, and
biocompatibility to a wide range of customers both within the semiconductor
industry and in adjacent and unrelated industries. These products are made from
specialized graphite or silicon carbide. Its Poco Graphite products sold to the
semiconductor industry are used for components for semiconductor manufacturing
equipment at various stages of the semiconductor manufacturing process,
including CVD, where its expendable graphite chamber liners and shower heads
are critical components used in the CVD chamber; dry or plasma etch, where its
consumable graphite components deliver, baffle and confine the process gases
during the etch process, and ion implant, where its consumable graphite
components are elements of ion implantation equipment. In addition, its Poco
Graphite is used as precision consumable electrodes for electrical discharge
machining, a non-contact precision thermoelectric machining process for hard and
exotic metals and other materials. Poco Graphite also manufactures a number of
graphite hot glass contact materials for use in the manufacture of glass
containers. Poco Graphite manufactures a number of graphite consumable products
for various industrial applications, including bushings and thrust washers for
aerospace applications, substrates for industrial print heads, components for
scan heads in industrial optical applications, cathodes for fuel cells and
materials to manufacturers of artificial heart valves for human implantation.
The Company
offers a range of specialty coatings for critical components used in
semiconductor and other high-technology manufacturing operations. These
components, often in complex geometries, are coated by means of a plasma-assisted
CVD process to provide corrosion and abrasion resistance and desired
conductivity and hydrophobicity properties. It also provides complex assemblies
such as electrostatic chucks for ion implant equipment, where its coatings
prevent contamination of the process. Its coatings are also used in other
high-technology applications such as aerospace optical components.
The Company
competes with Pall Corporation, Saint-Gobain, Parker, Gemu, Donaldson, Iwaki
Co., Ltd., SAES Puregas, Mott Metallurgical Corporation, Miraial, Dainichi,
Shin-Etsu Polymer, e.PAK Resources Pte. Ltd, ITW/Camtex, Peak International,
3M, Mersen, Tokai Carbon and Toyo Tanso.
More Business Descriptions
Entegris, Inc. is
a global developer, manufacturer and supplier of products and materials used in
processing and manufacturing in the semiconductor and other high-technology
industries. For the semiconductor industry, the Company’s products maintain
the purity and integrity of critical materials used by the semiconductor manufacturing
process. For other high-technology applications, its products and materials are
used to manufacture flat panel displays, light emitting diodes, high-purity
chemicals, photoresists, fuel cells, solar cells, gas lasers, optical and
magnetic storage devices, fiber optic cables and critical components for
aerospace, glass manufacturing and biomedical applications. It designs,
manufactures and markets its products through three business segments:
contamination control solutions segment, microenvironments segment and
specialty materials segment. In April 2013, it acquired Jetalon Solutions Inc.
For the 26 weeks ended 29 June 2013, Entegris Inc revenues decreased 6% to
$342.6M. Net income decreased 8% to $36.2M. Revenues reflect Contamination
Control Solutions segment decrease of 7% to $114.6M, Entegris Speciality
Materials segment decrease of 17% to $17M. Net income also reflects
Contamination Control Solutions segment income decrease of 18% to $28.6M,
Entegris Speciality Materials segment income decrease of 57% to $1.9M.
Semiconductor
& Disk Drive Materials Transport & Protection Services
Establishments primarily engaged in manufacturing
special industry machinery, not elsewhere classified, such as smelting and
refining equipment, cement making, clayworking, cotton ginning, glass making,
hat making, incandescent lamp making, leather working, paint making, rubber
working, cigar and cigarette making, tobacco working, shoe making, and stone
working machinery, and industrial sewing machines, and automotive maintenance
machinery and equipment.
Entegris, Inc. (Entegris) is a semiconductor and
related equipment manufacturer. The company develops, manufactures, and
supplies products and materials used in microelectronics and other
high-technology industries. It operates through its subsidiaries in the US,
Japan, Delaware, the Netherlands, the UK, Israel, India, France, South Korea,
China, Malaysia, Singapore, Taiwan and Germany. The company operates through
its reportable business segment such as, Contamination Control Solutions (CCS),
Microenvironments (ME), and Specialty Materials (SMD). Its Contamination
Control Solutions segment offers liquid filtration products, components and
systems, chemical mechanical planarization products, and gas filtration
products that purify, monitor, and deliver liquids and gases used in the
semiconductor manufacturing process. Liquid processing occurs during multiple
manufacturing steps including photolithography, deposition, planarization and
surface etching and cleaning. It offers chemical delivery products, which
include valves, fittings, tubing, pipe, chemical containers, custom fabricated
products and associated connection systems for high-purity chemical
applications. The company’s gas filtration product line includes filter housings
and hybrid media chemical air filters which purify air entering tool enclosures
and remove airborne molecular contaminants. For the fiscal year ended 2012, the
Contamination Control Solutions segment generated segment profit of USD
116.36m, indicating a decrease of 17% as compared to 2011. This segment
contributed 70% of total segment profit. Entegris’s Microenvironment products
are sub-categories into wafer and reticle handling products, wafer shipping
products and data storage products. Its wafer and reticle handling products
hold and position wafers as they travel between each piece of equipment used in
the automated semiconductor manufacturing process. The company offers shipping
products that preserve the integrity of raw silicon wafers as they are
transported from wafer manufacturers to semiconductor manufacturers or finished
wafers shipped to back end processors. It provides products and solutions to
manage two critical sectors in the data storage market, which include magnetic
hard disk drives and optical hard disk. For the fiscal year ended 2012, the
Microenvironment segment generated segment profit of USD 37.22m, indicating an
increases of 24% as compared to 2011. This segment contributed 22% of total
segment profit. The company’s Specialty Materials products are classified
into two sub-categories such as, Poco Graphite Products and Specialty Coating
Products. Its Poco Graphite products are made-up of specialized graphite or
silicon carbide. Entegris offers variety of high-performance specialty coatings
for critical components used in semiconductor and other high-technology
manufacturing operations. For the fiscal year ended 2012, the Specialty
Materials segment generated segment profit of USD 12.23m, indicating a decrease
of 33% as compared to 2011. This segment contributed 8% of total segment
profit. It has research and development and manufacturing facilities in the US;
sales, research and development and manufacturing facilities in Japan, South
Korea, Taiwan and Malaysia; and sales and service facilities in Europe and
Asia.The company also maintains worldwide network of sales, service, repair or
cleaning centers in the US, Germany, France, Israel, Japan, Malaysia, Taiwan,
Singapore, China and South Korea. Entegris geographically operates in locations
such as, Japan, Germany, Taiwan, Singapore, South Korea, China, the US and
others. The net sales contributed by each location include 31% in North
America, Japan 19%, Asia Pacific 38% and Europe contributes net sales of 12% in
the year 2012. The company has manufacturing facility in 20,000 square feet of
leased space in Hsinchu, Taiwan, which is used by its Contamination Control
Solutions Division. It also provides lab services to customers in Taiwan and
across Asia. The company serves its customers through research and development,
customer service, analytical labs and manufacturing facilities in Asia-Pacific,
North America, and Europe. Its customers include Samsung America Inc., ST
Micro, Taiwan Semiconductor Manufacturing Co. Ltd. and UMC Group, OEM companies
such as, ASML and Tokyo Electron and leading wafer growing companies such as,
MEMC, Siltronic AG and SUMCO Oregon Corp.
Entegris, Inc.
(Entegris) is a semiconductor and related equipment manufacturer. The company
develops, manufactures, and supplies products and materials used in
microelectronics and other high-technology industries. It designs, manufactures
and markets its products through three business segments such as, Contamination
Control Solutions, Microenvironments, and Specialty Materials. Entegirs offers
products such as wafer shippers, wafer transport and process carriers, pods,
and work-in-process boxes. The company provides various components for glass
manufacturing, aerospace and biomedical applications. It also offers flat panel
displays, high-purity chemicals, photoresists, solar cells, gas lasers, optical
and magnetic storage devices, fiber optic cables and fuel cells. The company
operates through its subsidiaries in the US, Japan, Delaware, the Netherlands,
the UK, Israel, India, France, South Korea, China, Malaysia, Singapore, Taiwan
and Germany. Entegris is headquartered in Billerica, Massachusetts, the US.The
company reported revenues of (U.S. Dollars) USD 715.90 million during the
fiscal year ended December 2012, a decrease of 4.45% from 2011. The operating
profit of the company was USD 99.44 million during the fiscal year 2012, a
decrease of 21.62% from 2011. The net profit of the company was USD 68.83
million during the fiscal year 2012, a decrease of 44.43% from 2011.
The global
organization of Entegris serves its customers locally with products and
services that purify protect and transport critical materials. As the leader in
materials integrity management Entegris serves primarily the semiconductor
industry with involvement in other high-technology industries such as data
storage and fuel cell.
Entegris is one of the world's leaders in materials
integrity management, which includes purifying, protecting and transporting
critical materials used in high-tech products, processes and services. The
company delivers technology, product and service solutions to the semiconductor
and other high-tech industries. The company is ISO 9001 certified and has
manufacturing, customer service or research facilities in the United States,
China, France, Germany, Japan, Malaysia, Singapore, South Korea and Taiwan.
Since 1966, Entegris has been recognized for its materials science and
value-added engineering experience. The company has leveraged its leadership in
materials integrity management to become a key strategic supplier to many
dynamic markets, specifically semiconductor, data storage, life sciences and
fuel cell. Entegris' products and services are used to protect and transport
silicon wafers, devices, disks, read/write head trays, ultrapure or corrosive
chemical, hydrogen sources, pharmaceuticals and electronic components. Founded
in 1966, Entegris is headquartered in Chaska, Minn.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit Report as of 03/01/2013
|
Location |
|
|
129 Concord Rd |
|
|
|
|
|
County: |
Middlesex |
|
MSA: |
Boston, MA |
|
|
|
|
Phone: |
978-436-6500 |
|
Fax: |
978-436-6735 |
|
Toll Free: |
800-394-4083 |
|
URL: |
|
|
|
|
|
ABI©: |
501824965 |
|
|
|
|
Annual Sales: |
$749,259,000 (USD) |
|
Employees: |
2,700 |
|
|
|
|
Facility Size(ft2): |
40,000+ |
|
|
|
|
Business Type: |
Public |
|
Location Type: |
Headquarter |
|
|
|
|
Ticker: |
ENTG |
|
Exchange: |
NASDAQ |
|
Primary Line of Business: |
|
|
SIC: |
3559-34 - Semiconductor Manufacturing Equip (Mfrs) |
|
NAICS: |
333298 - All Other Industrial Machinery Mfg |
|
Secondary Lines of Business: |
|
|
SICs: |
2899-05 - Chemicals-Manufacturers |
|
|
3089-03 - Closures-Industrial-Protective (Mfrs) |
|
|
3498-98 - Fabricated Pipe & Pipe Fittings (Mfrs) |
|
|
3825-98 - Instrs-Measuring/Testing Elec (Mfrs) |
|
|
3841-04 - Physicians & Surgeons Equip & Supls-Mfrs |
|
|
5063-49 - Semiconductor-Mfrs' Equip/Supls (Whls) |
|
|
7218-05 - Clean Room Facilities |
|
|
8742-13 - Marketing Programs & Services |
|
NAICS: |
334515 - Electricity & Signal Testing Instruments |
|
|
326199 - All Other Plastics Prod Mfg |
|
|
332996 - Fabricated Pipe & Pipe Fitting Mfg |
|
|
812332 - Industrial Launderers |
|
|
423610 - Electric Equip & Wiring Merchant Whols |
|
|
339112 - Surgical & Medical Instrument Mfg |
|
|
541613 - Marketing Consulting Svcs |
|
|
325998 - Other Misc Chemical Prod Mfg |
|
Corporate Family |
Corporate
Structure News: |
|
|
Entegris
Inc |
|
Entegris Inc |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Billerica, MA |
United States |
Rubber and Plastic Product Manufacturing |
715.9 |
2,700 |
|
|
Branch |
Chaska, MN |
United States |
Residential and Commercial Building Construction |
278.4 |
1,000 |
|
|
Subsidiary |
Decatur, TX |
United States |
Electrical Equipment and Appliances Manufacturing |
|
330 |
|
|
Subsidiary |
Limonest |
France |
Non-Metallic Mineral Product Manufacturing |
8.4 |
14 |
|
|
Branch |
Colorado Springs, CO |
United States |
Rubber and Plastic Product Manufacturing |
50.1 |
200 |
|
|
Subsidiary |
Yamagata |
Japan |
Holding Companies |
|
200 |
|
|
Subsidiary |
Singapore |
Singapore |
Rubber and Plastic Product Manufacturing |
|
100 |
|
|
Subsidiary |
Moirans |
France |
Semiconductor and Other Electronic Component Manufacturing |
5.3 |
80 |
|
|
Subsidiary |
Montpellier |
France |
Laundry Services |
7.6 |
74 |
|
|
Branch |
Minneapolis, MN |
United States |
Residential and Commercial Building Construction |
13.9 |
50 |
|
|
Branch |
Bedford, MA |
United States |
Machinery and Equipment Manufacturing |
13.2 |
50 |
|
|
Subsidiary |
Dresden, Sachsen |
Germany |
Semiconductor and Other Electronic Component Manufacturing |
60.3 |
48 |
|
|
Subsidiary |
South Beloit, IL |
United States |
Metal Products Manufacturing |
16.8 |
41 |
|
|
Branch |
Burlington, MA |
United States |
Rubber and Plastic Product Manufacturing |
7.9 |
30 |
|
|
Subsidiary |
Taipei |
Taiwan |
Computer System Design Services |
|
28 |
|
|
Branch |
San Diego, CA |
United States |
Construction Machinery Manufacturing |
8.9 |
19 |
|
|
Branch |
Chaska, MN |
United States |
Residential and Commercial Building Construction |
3.3 |
12 |
|
|
Branch |
Austin, TX |
United States |
Residential and Commercial Building Construction |
4.1 |
6 |
|
|
Subsidiary |
Pleasant Hill, CA |
United States |
Consulting Services |
1.3 |
6 |
|
|
Branch |
Phoenix, AZ |
United States |
Residential and Commercial Building Construction |
0.7 |
1 |
|
|
Subsidiary |
Tokyo |
Japan |
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Electronics Wholesale |
|
|
|
|
Subsidiary |
Kulim, Kedah Darul Aman |
Malaysia |
Semiconductor and Other Electronic Component Manufacturing |
|
|
|
|
Mykrolis Corp |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
Franklin, MA |
United States |
Residential and Commercial Building Construction |
6.6 |
25 |
|
Company Name |
Location |
Employees |
Ownership |
|
3M Co |
St. Paul, Minnesota, United States |
87,677 |
Public |
|
Amtech Systems, Inc. |
Tempe, Arizona, United States |
350 |
Public |
|
Dainichi Co., Ltd. |
Niigata-Shi, Japan |
454 |
Public |
|
Donaldson Company, Inc. |
Minneapolis, Minnesota, United States |
12,400 |
Public |
|
Flowserve Corporation |
Irving, Texas, United States |
17,000 |
Public |
|
Gudeng Precision Industrial |
New Taipei, Taiwan |
379 |
Public |
|
Illinois Tool Works Inc. |
Glenview, Illinois, United States |
60,000 |
Public |
|
Mersen SA |
Courbevoie, France |
6,800 |
Public |
|
Miraial Co., Ltd. |
Toshima-Ku, Japan |
557 |
Public |
|
Mott Corp |
Farmington, Connecticut, United States |
180 |
Private |
|
Pall Corporation |
Port Washington, New York, United States |
9,800 |
Public |
|
PARKER CORPORATION |
Chuo-Ku, Japan |
1,279 |
Public |
|
Parker-Hannifin Corporation |
Cleveland, Ohio, United States |
58,150 |
Public |
|
Roper Industries, Inc. |
Sarasota, Florida, United States |
9,475 |
Public |
|
Shin-Etsu Chemical Co Ltd |
Chiyoda-Ku, Japan |
17,712 |
Public |
|
Shin-Etsu Polymer Co., Ltd. |
Chiyoda-Ku, Japan |
3,547 |
Public |
|
Tokai Carbon Co Ltd |
Minato-Ku, Japan |
1,872 |
Public |
|
TOYO TANSO CO., LTD. |
Osaka-Shi, Japan |
2,026 |
Public |
|
Board of
Directors |
|
|
|
|
||||||||||
|
Independent Chairman of the Board |
Chairman |
|
||||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Board Member |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Board Member |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Board Member |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Board Member |
Director/Board Member |
|
|
|||||||||
|
|||||||||||||
|
Executives |
|
|
|
|
|||||||||||||
|
President and Chief Executive Officer |
Chief Executive Officer |
|
|||||||||||||
|
||||||||||||||||
|
General Manager Contamination Control Solutions Division |
Division Head Executive |
|
|
||||||||||||
|
||||||||||||||||
|
General Manager Microenvironments |
Division Head Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Operations Technology Manager |
Operations Executive |
|
|
||||||||||||
|
Corporate Environmental Manager |
Environment/Safety Executive |
|
|
||||||||||||
|
Director Ehs&S |
Environment/Safety Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Communications Department-Administrative |
Administration Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Retirement Plan Administrator |
Administration Executive |
|
|
||||||||||||
|
Information Technology Administrator |
Administration Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Office Manager |
Administration Executive |
|
|
||||||||||||
|
Senior Vice President, General Counsel, Secretary |
Company Secretary |
|
|
||||||||||||
|
||||||||||||||||
|
Manager, Payroll & Financial Benefits |
Finance Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Retirement Benefits Finance |
Finance Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Chief Financial Officer, Executive Vice President, Treasurer |
Finance Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Director, Ccs Finance |
Finance Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Sap Finance Business Analyst |
Finance Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Consolidations Accountant |
Accounting Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Internal Audit Director |
Accounting Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Senior Accountant |
Accounting Executive |
|
|
||||||||||||
|
Senior Internal Auditor |
Accounting Executive |
|
|
||||||||||||
|
Chief Accounting Officer |
Accounting Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Senior Tax Analyst |
Corporate Tax Executive |
|
|
||||||||||||
|
Manager, Tax |
Corporate Tax Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Vice President Human Resources |
Human Resources Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Human Resources Manager |
Human Resources Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Human Resource Manager |
Human Resources Executive |
|
|
||||||||||||
|
Senior Vice President - Human Resources |
Human Resources Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Director Organizational Development and Training |
Training Executive |
|
|
||||||||||||
|
Global Customer Service Manager |
Customer Service Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Global Customer Service Manager |
Customer Service Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Global Customer Service Manager |
Customer Service Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Sales Manager |
Sales Executive |
|
|
||||||||||||
|
Director, Global Sales Support |
International Sales Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Global Account Manager, Intel |
International Sales Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Vice President Global Sales |
International Sales Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Global Marketing Manager |
International Executive |
|
|
||||||||||||
|
Global Manager Corporate Communications |
International Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Import Export Compliance Manager |
International Executive |
|
|
||||||||||||
|
Global Communications Manager |
International Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Global Product, Market Manager Tehnology Development |
International Executive |
|
|
||||||||||||
|
Industrial Design Manager |
Marketing Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Marketing Manager |
Marketing Executive |
|
|
||||||||||||
|
Direct Marketing Manager |
Marketing Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Marketing Director For Liquid Microcontamination Control Business Unit |
Marketing Executive |
|
|
||||||||||||
|
Marketing Executive |
Marketing Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Director of Investor Relations |
Investor Relations Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Network Engineering, Systems Manager |
Information Executive |
|
|
||||||||||||
|
Information Technology Systems Support |
Information Executive |
|
|
||||||||||||
|
Programmer |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Information Technology Sap |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Information Technology Director |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Manager Information Technology Development |
Information Executive |
|
|
||||||||||||
|
Technology Director |
Information Executive |
|
|
||||||||||||
|
Information Technology Manager |
Information Executive |
|
|
||||||||||||
|
Manager, Engineering Systems |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Information Technology Project Manager |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Director, Enterprise Business Systems |
Information Executive |
|
|
||||||||||||
|
Manager, Enterprise Business Systems |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Network Engineer 3 |
Information Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Manager of Information Systems |
Information Executive |
|
|
||||||||||||
|
Web Designer |
Network Management Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Manufacturing Engineering Manager |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Principal Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Director of Engineering |
Engineering/Technical Executive |
|
|
||||||||||||
|
Applications Engineering Manager |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Manufacturing Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Engineering/Technical |
Engineering/Technical Executive |
|
|
||||||||||||
|
Manufacturing Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Fuel Cell Program Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Principal Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Engineering |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Product Development Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Vice President, Ccs Technology |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Engineering/Technical |
Engineering/Technical Executive |
|
|
||||||||||||
|
Mechanical Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Test Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Mechanical Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Project Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Packaging Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Engineering/Technical |
Engineering/Technical Executive |
|
|
||||||||||||
|
Director of Engineering |
Engineering/Technical Executive |
|
|
||||||||||||
|
Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Technology and Development Director |
Engineering/Technical Executive |
|
|
||||||||||||
|
Manufacturing Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
Director of Technology Development |
Engineering/Technical Executive |
|
|
||||||||||||
|
Project Manager-Design Engineering |
Engineering/Technical Executive |
|
|
||||||||||||
|
Manager Technology Charac |
Engineering/Technical Executive |
|
|
||||||||||||
|
Manufacturing Engineer |
Engineering/Technical Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Engineering/Technical |
Engineering/Technical Executive |
|
|
||||||||||||
|
Product Marketing M |
Product Management Executive |
|
|
||||||||||||
|
Director of Product Development |
Product Management Executive |
|
|
||||||||||||
|
Product Manager |
Product Management Executive |
|
|
||||||||||||
|
Product Marketing Manager |
Product Management Executive |
|
|
||||||||||||
|
New Product Development Group |
Product Management Executive |
|
|
||||||||||||
|
Vice President |
Product Management Executive |
|
|
||||||||||||
|
Product Manager |
Product Management Executive |
|
|
||||||||||||
|
Sap Business Analyst |
Business Development Executive |
|
|
||||||||||||
|
||||||||||||||||
|
Vice President Business Development |
Business Development Executive |
|
|
||||||||||||
|
Logistics Planning Analyst |
Planning Executive |
|
|
||||||||||||
|
Compliance Manager |
Legal Executive |
|
|
||||||||||||
|
Manufacturing Manager |
Manufacturing Executive |
|
|
||||||||||||
|
Director of Logistics |
Logistics Executive |
|
|
||||||||||||
|
Senior Planner and Buyer |
Merchandise Management Executive |
|
|
||||||||||||
|
Senior Buyer |
Merchandise Management Executive |
|
|
||||||||||||
|
Plant Manager |
Facilities Executive |
|
|
||||||||||||
|
Material Manager Purchasing |
Purchasing Executive |
|
|
||||||||||||
|
Procurement Manager |
Purchasing Executive |
|
|
||||||||||||
|
Team Lead |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Senior Manager |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Contacttitle |
Other |
|
|
||||||||||||
|
Onsite Service Manager |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Ehs Director |
Other |
|
|
||||||||||||
|
Director Ip |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Management Consultant |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Vice President of Liquid Filtration Bu |
Other |
|
|
||||||||||||
|
Director Analytical Services |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Director |
Other |
|
|
||||||||||||
|
Product Manager Me Business Unit |
Other |
|
|
||||||||||||
|
Product Manager Me Business Unit |
Other |
|
|
||||||||||||
|
Senior Advisor |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Product Manager Microelectronics Business Unit |
Other |
|
|
||||||||||||
|
Senior Vice President |
Other |
|
|
||||||||||||
|
||||||||||||||||
|
Director Sensor Controls |
Other |
|
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Entegris Inc
Partners with SEMATECH to Advance Surface Conditioning and Wafer Cleaning Technology
for Semiconductor Device Manufacturing Sep 16, 2013
Entegris Inc and
SEMATECH announced they have partnered to move forward the development of
advanced nanoscale particle removal processes and cleaning technologies for
wafers and devices. This collaboration will address some of the profound
changes taking place in the semiconductor industry that are impacting
fundamental aspects of process and equipment design-such as integration of new
materials and process technology for sub-20 nm node manufacturing, lithography
requirements and the progression to 450 mm wafers. One key issue relates to the
preparation of critical surfaces through the entire semiconductor manufacturing
process. Entegris will work with experts from SEMATECH`s Nanodefect Center to
develop new technologies and solutions to reduce nano-scale particle
contamination during wafer processing.
Entegris Inc
Issues Q3 2013 Guidance Below Analysts' Estimates Jul 23, 2013
Entegris Inc
announced that for third quarter of 2013, it expects sales to be approximately
$165 million to $180 million, and earnings per share (EPS) to a range between
$0.10 and $0.13 per share. On a non-GAAP basis, EPS is expected to range from
$0.11 to $0.14 per share, which reflects net income on a non-GAAP basis in the
range of $15 million to $20 million, which is adjusted for expected
amortization expense of $2.4 million or $0.01 per share. According to I/B/E/S
Estimates, analysts on an average are expecting the Company to report revenue
of $188 million and EPS of $0.15 and net income of $22 million for third
quarter of 2013.
Entegris Inc
Updates On Q2 2013 Revenue Guidance; Raises Q2 2013 EPS Guidance-Conference
Call May 17, 2013
Entegris Inc
announced that for the second quarter of 2013, it expects $170 million of
revenue and a $0.11 to $0.13 EPS. According to I/B/E/S Estimates, analysts on
an average are expecting the Company to report revenue of $170 million and EPS
of $0.11 for the second quarter of 2013.
Entegris Inc
Issues Q2 2013 Guidance Below Analysts' Estimates Apr 23, 2013
Entegris Inc
announced that for the second quarter of 2013, it expects sales to be flat to
up 5%sequentially, or approximately $165 million to $173 million, and EPS to
range between $0.09 to $0.11 per share. On a non-GAAP basis, EPS is expected to
range from $0.10 to $0.12 per share, which reflects net income on a non-GAAP
basis in the range of $14 million to $17 million, which is adjusted for
expected amortization expense of $2.6 million or $0.01 per share. According to
I/B/E/S Estimates, analysts on an average are expecting the Company to report
revenue of $176 million, net income of $18 million and EPS of $0.13 for the
second quarter of 2013.
Entegris Inc
Issues Q1 2013 Guidance; Earnings Guidance Below Analysts' Estimates Jan 31,
2013
Entegris Inc
announced that for the first quarter of 2013, it expects sales to be $160
million to $170 million and EPS to range between $0.07 and $0.10. On a non-GAAP
basis, EPS is expected to range from $0.08 to $0.11, which reflects Non-GAAP
net income in the range of $11 million to $15 million, adjusted for expected
amortization expense of $2.3 million or $0.01 per share. According to I/B/E/S
Estimates, analysts on an average are expecting the Company to report revenue
of $167 million, net income of $17 million and EPS of $0.12 for the first
quarter of 2013.
Entegris Inc
Announces Management Change-Form 8-K Oct 24, 2012
Entegris Inc reported in its Form 8-K that on
October 22, 2012, the registrant's Board of Directors (Board) accepted the
resignation of Gideon Argov as President, effective October 31, 2012, and as
Chief Executive Officer (CEO) and Director, effective November 27, 2012. On
October 22, 2012, the Board also elected Bertrand Loy as President and a
Director of the registrant, effective November 1, 2012, and as Chief Executive
Officer (CEO) to succeed Mr. Argov effective November 28, 2012.
Entegris Inc Issues Q4 2012 Guidance Below
Analysts' Estimates Oct 24, 2012
Entegris, Inc. announced that for the fourth
quarter of 2012, it expects revenue of $160 to $170 million and EPS to range
between $0.09 and $0.11. On a non-GAAP basis, EPS is expected to range from
$0.10 to $0.12, which reflects net income adjusted for expected amortization
expense of $2.3 million or $0.01 per share. According to I/B/E/S Estimates,
analysts on an average are expecting the Company to report revenue of $177
million and EPS of $0.13 for the fourth quarter of 2012.
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
715.9 |
749.3 |
688.4 |
398.6 |
554.7 |
|
Revenue |
715.9 |
749.3 |
688.4 |
398.6 |
554.7 |
|
Total Revenue |
715.9 |
749.3 |
688.4 |
398.6 |
554.7 |
|
|
|
|
|
|
|
|
Cost of Revenue |
408.5 |
423.3 |
377.8 |
260.8 |
343.2 |
|
Cost of Revenue, Total |
408.5 |
423.3 |
377.8 |
260.8 |
343.2 |
|
Gross Profit |
307.4 |
325.9 |
310.6 |
137.8 |
211.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
147.4 |
140.8 |
147.1 |
117.0 |
147.5 |
|
Total Selling/General/Administrative Expenses |
147.4 |
140.8 |
147.1 |
117.0 |
147.5 |
|
Research & Development |
50.9 |
48.0 |
43.9 |
35.0 |
40.1 |
|
Amortization of Intangibles |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Depreciation/Amortization |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Restructuring Charge |
- |
0.0 |
0.0 |
15.5 |
10.4 |
|
Impairment-Assets Held for Use |
- |
- |
0.0 |
0.0 |
473.8 |
|
Unusual Expense (Income) |
- |
0.0 |
0.0 |
15.5 |
484.2 |
|
Total Operating Expense |
616.5 |
622.4 |
582.0 |
447.6 |
1,034.6 |
|
|
|
|
|
|
|
|
Operating Income |
99.4 |
126.9 |
106.4 |
-48.9 |
-479.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.3 |
-0.9 |
-3.6 |
-9.4 |
-2.8 |
|
Interest Expense, Net Non-Operating |
-0.3 |
-0.9 |
-3.6 |
-9.4 |
-2.8 |
|
Interest Income -
Non-Operating |
0.3 |
0.2 |
0.1 |
0.2 |
1.8 |
|
Investment Income -
Non-Operating |
- |
- |
-1.4 |
-2.3 |
-15.5 |
|
Interest/Investment Income - Non-Operating |
0.3 |
0.2 |
-1.4 |
-2.1 |
-13.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.0 |
-0.7 |
-5.0 |
-11.5 |
-16.6 |
|
Other Non-Operating Income (Expense) |
0.2 |
1.7 |
0.0 |
0.5 |
0.1 |
|
Other, Net |
0.2 |
1.7 |
0.0 |
0.5 |
0.1 |
|
Income Before Tax |
99.7 |
128.0 |
101.5 |
-59.9 |
-496.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
30.9 |
4.2 |
15.0 |
-3.0 |
19.2 |
|
Income After Tax |
68.8 |
123.7 |
86.5 |
-56.9 |
-515.6 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
-0.4 |
-0.8 |
0.0 |
0.0 |
|
Equity In Affiliates |
0.0 |
0.5 |
-1.4 |
-0.9 |
-0.3 |
|
Net Income Before Extraord Items |
68.8 |
123.8 |
84.4 |
-57.7 |
-515.9 |
|
Discontinued Operations |
- |
- |
0.0 |
0.0 |
-1.1 |
|
Total Extraord Items |
- |
- |
0.0 |
0.0 |
-1.1 |
|
Net Income |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
68.8 |
123.8 |
84.4 |
-57.7 |
-515.9 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
137.3 |
134.7 |
131.7 |
117.3 |
112.7 |
|
Basic EPS Excl Extraord Items |
0.50 |
0.92 |
0.64 |
-0.49 |
-4.58 |
|
Basic/Primary EPS Incl Extraord Items |
0.50 |
0.92 |
0.64 |
-0.49 |
-4.59 |
|
Dilution Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Diluted Net Income |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
Diluted Weighted Average Shares |
138.4 |
136.2 |
133.2 |
117.3 |
112.7 |
|
Diluted EPS Excl Extraord Items |
0.50 |
0.91 |
0.63 |
-0.49 |
-4.58 |
|
Diluted EPS Incl Extraord Items |
0.50 |
0.91 |
0.63 |
-0.49 |
-4.59 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.3 |
0.9 |
3.6 |
9.4 |
2.8 |
|
Depreciation, Supplemental |
28.0 |
26.8 |
28.0 |
30.9 |
26.8 |
|
Total Special Items |
0.0 |
-0.7 |
0.0 |
15.5 |
484.2 |
|
Normalized Income Before Tax |
99.7 |
127.2 |
101.5 |
-44.4 |
-12.2 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
5.4 |
169.5 |
|
Inc Tax Ex Impact of Sp Items |
30.9 |
4.2 |
15.0 |
2.4 |
188.7 |
|
Normalized Income After Tax |
68.8 |
123.0 |
86.5 |
-46.8 |
-200.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
68.8 |
123.1 |
84.4 |
-47.7 |
-201.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.50 |
0.91 |
0.64 |
-0.41 |
-1.79 |
|
Diluted Normalized EPS |
0.50 |
0.90 |
0.63 |
-0.41 |
-1.79 |
|
Amort of Intangibles, Supplemental |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Rental Expenses |
9.4 |
10.6 |
11.9 |
15.0 |
12.3 |
|
Research & Development Exp, Supplemental |
50.9 |
48.0 |
43.9 |
35.0 |
40.1 |
|
Normalized EBIT |
99.4 |
126.2 |
106.4 |
-33.5 |
4.3 |
|
Normalized EBITDA |
137.1 |
163.2 |
147.6 |
16.7 |
50.7 |
|
Current Tax - Domestic |
5.8 |
2.4 |
2.6 |
-1.1 |
-0.1 |
|
Current Tax - Foreign |
11.2 |
17.8 |
15.3 |
-0.4 |
4.3 |
|
Current Tax - Local |
0.7 |
1.3 |
0.7 |
0.1 |
-0.6 |
|
Current Tax - Total |
17.6 |
21.5 |
18.5 |
-1.3 |
3.6 |
|
Deferred Tax - Domestic |
11.2 |
-19.9 |
0.0 |
0.0 |
11.1 |
|
Deferred Tax - Foreign |
1.9 |
3.2 |
-3.5 |
-1.7 |
6.4 |
|
Deferred Tax - Local |
0.2 |
-0.6 |
0.0 |
0.0 |
-1.9 |
|
Deferred Tax - Total |
13.2 |
-17.3 |
-3.5 |
-1.7 |
15.7 |
|
Income Tax - Total |
30.9 |
4.2 |
15.0 |
-3.0 |
19.2 |
|
Interest Cost - Foreign |
0.2 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Service Cost - Foreign |
0.1 |
1.3 |
1.7 |
1.5 |
1.4 |
|
Prior Service Cost - Foreign |
0.0 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Expected Return on Assets - Foreign |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Actuarial Gains and Losses - Foreign |
0.0 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Curtailments & Settlements - Foreign |
0.0 |
-0.7 |
0.0 |
-0.1 |
0.0 |
|
Transition Costs - Foreign |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension, Net - Foreign |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Foreign Pension Plan Expense |
0.3 |
1.0 |
2.3 |
2.1 |
1.9 |
|
Defined Contribution Expense - Domestic |
3.0 |
3.2 |
2.5 |
0.4 |
3.0 |
|
Total Pension Expense |
3.3 |
4.2 |
4.8 |
2.5 |
4.9 |
|
Discount Rate - Foreign |
1.80% |
1.38% |
1.36% |
1.74% |
1.77% |
|
Expected Rate of Return - Foreign |
2.84% |
5.14% |
5.26% |
6.38% |
6.55% |
|
Compensation Rate - Foreign |
1.14% |
1.52% |
1.53% |
1.49% |
1.58% |
|
Total Plan Interest Cost |
0.2 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Total Plan Service Cost |
0.1 |
1.3 |
1.7 |
1.5 |
1.4 |
|
Total Plan Expected Return |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Plan Other Expense |
0.0 |
0.0 |
0.0 |
0.0 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
330.4 |
273.6 |
134.0 |
68.7 |
115.0 |
|
Short Term Investments |
20.0 |
- |
- |
- |
- |
|
Cash and Short Term Investments |
350.4 |
273.6 |
134.0 |
68.7 |
115.0 |
|
Accounts Receivable - Trade,
Gross |
86.7 |
95.9 |
107.8 |
82.9 |
59.3 |
|
Provision for Doubtful
Accounts |
-2.3 |
-1.0 |
-1.1 |
-1.7 |
-1.3 |
|
Trade Accounts Receivable - Net |
84.4 |
94.9 |
106.7 |
81.2 |
58.0 |
|
Notes Receivable - Short Term |
9.6 |
12.4 |
18.0 |
9.9 |
12.5 |
|
Total Receivables, Net |
94.0 |
107.2 |
124.7 |
91.1 |
70.5 |
|
Inventories - Finished Goods |
60.7 |
54.7 |
60.5 |
50.5 |
60.0 |
|
Inventories - Work In Progress |
10.2 |
12.3 |
13.4 |
11.1 |
16.5 |
|
Inventories - Raw Materials |
28.2 |
27.0 |
27.2 |
21.6 |
25.7 |
|
Total Inventory |
99.1 |
93.9 |
101.0 |
83.2 |
102.2 |
|
Deferred Income Tax - Current Asset |
20.2 |
15.8 |
11.5 |
11.1 |
14.7 |
|
Discontinued Operations - Current Asset |
6.0 |
6.0 |
8.2 |
6.0 |
2.5 |
|
Other Current Assets |
9.6 |
6.4 |
7.7 |
7.3 |
8.3 |
|
Other Current Assets, Total |
35.8 |
28.2 |
27.4 |
24.4 |
25.4 |
|
Total Current Assets |
579.3 |
503.0 |
387.1 |
267.5 |
313.1 |
|
|
|
|
|
|
|
|
Buildings |
85.2 |
75.6 |
73.8 |
70.1 |
79.0 |
|
Land/Improvements |
11.1 |
11.5 |
11.2 |
10.7 |
12.6 |
|
Machinery/Equipment |
297.5 |
282.1 |
261.4 |
250.2 |
276.7 |
|
Construction in
Progress |
26.6 |
- |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
420.3 |
369.2 |
346.4 |
331.0 |
368.3 |
|
Accumulated Depreciation |
-263.3 |
-238.7 |
-219.7 |
-195.6 |
-208.5 |
|
Property/Plant/Equipment - Net |
157.0 |
130.6 |
126.7 |
135.4 |
159.7 |
|
Intangibles - Gross |
166.4 |
166.5 |
173.9 |
174.1 |
171.4 |
|
Accumulated Intangible Amortization |
-119.2 |
-110.0 |
-108.9 |
-95.6 |
-78.3 |
|
Intangibles, Net |
47.2 |
56.5 |
65.1 |
78.5 |
93.1 |
|
LT Investments - Other |
- |
3.8 |
7.0 |
7.0 |
14.0 |
|
Long Term Investments |
- |
3.8 |
7.0 |
7.0 |
14.0 |
|
Deferred Income Tax - Long Term Asset |
17.2 |
25.1 |
10.9 |
9.7 |
13.3 |
|
Other Long Term Assets |
10.8 |
5.7 |
4.6 |
6.6 |
4.5 |
|
Other Long Term Assets, Total |
28.0 |
30.8 |
15.5 |
16.3 |
17.8 |
|
Total Assets |
811.5 |
724.7 |
601.4 |
504.7 |
597.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
36.3 |
30.6 |
34.6 |
23.6 |
21.8 |
|
Accrued Expenses |
51.3 |
47.8 |
59.5 |
27.3 |
36.1 |
|
Notes Payable/Short Term Debt |
0.0 |
0.0 |
0.0 |
8.0 |
0.0 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
0.0 |
11.3 |
13.2 |
|
Income Taxes Payable |
5.7 |
14.1 |
13.5 |
3.8 |
8.3 |
|
Other Current liabilities, Total |
5.7 |
14.1 |
13.5 |
3.8 |
8.3 |
|
Total Current Liabilities |
93.3 |
92.6 |
107.6 |
73.9 |
79.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
0.0 |
- |
0.0 |
52.5 |
150.5 |
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
52.5 |
150.5 |
|
Total Debt |
0.0 |
0.0 |
0.0 |
71.8 |
163.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
6.4 |
4.0 |
5.0 |
6.6 |
7.2 |
|
Deferred Income Tax |
6.4 |
4.0 |
5.0 |
6.6 |
7.2 |
|
Minority Interest |
- |
0.0 |
4.4 |
3.5 |
0.0 |
|
Pension Benefits - Underfunded |
17.1 |
19.9 |
24.8 |
22.1 |
24.6 |
|
Other Liabilities, Total |
17.1 |
19.9 |
24.8 |
22.1 |
24.6 |
|
Total Liabilities |
116.7 |
116.4 |
141.8 |
158.5 |
261.7 |
|
|
|
|
|
|
|
|
Common Stock |
1.4 |
1.4 |
1.3 |
1.3 |
1.1 |
|
Common Stock |
1.4 |
1.4 |
1.3 |
1.3 |
1.1 |
|
Additional Paid-In Capital |
809.5 |
788.7 |
765.9 |
751.4 |
685.0 |
|
Retained Earnings (Accumulated Deficit) |
-157.0 |
-225.8 |
-349.6 |
-434.0 |
-376.2 |
|
Other Comprehensive Income |
40.9 |
44.0 |
42.0 |
27.5 |
26.3 |
|
Other Equity, Total |
40.9 |
44.0 |
42.0 |
27.5 |
26.3 |
|
Total Equity |
694.8 |
608.2 |
459.6 |
346.2 |
336.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
811.5 |
724.7 |
601.4 |
504.7 |
597.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
138.5 |
135.8 |
132.9 |
130.0 |
113.1 |
|
Total Common Shares Outstanding |
138.5 |
135.8 |
132.9 |
130.0 |
113.1 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,700 |
2,600 |
2,600 |
2,400 |
2,829 |
|
Number of Common Shareholders |
1,339 |
1,369 |
1,371 |
1,380 |
1,320 |
|
Accumulated Intangible Amort, Suppl. |
119.2 |
110.0 |
108.9 |
95.6 |
78.3 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
63.7 |
163.7 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
11.3 |
13.2 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
52.5 |
11.5 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
0.0 |
139.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
52.5 |
11.5 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
0.0 |
139.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
0.0 |
0.0 |
|
Total Operating Leases, Supplemental |
25.8 |
15.6 |
15.8 |
18.1 |
26.3 |
|
Operating Lease Payments Due in Year 1 |
8.3 |
6.7 |
5.9 |
7.5 |
8.6 |
|
Operating Lease Payments Due in Year 2 |
4.4 |
5.3 |
4.9 |
4.0 |
6.5 |
|
Operating Lease Payments Due in Year 3 |
4.1 |
2.2 |
3.6 |
3.3 |
3.4 |
|
Operating Lease Payments Due in Year 4 |
3.2 |
0.9 |
1.2 |
2.7 |
3.0 |
|
Operating Lease Payments Due in Year 5 |
2.6 |
0.5 |
0.2 |
0.7 |
2.8 |
|
Operating Lease Pymts. Due in 2-3 Years |
8.4 |
7.5 |
8.5 |
7.3 |
9.9 |
|
Operating Lease Pymts. Due in 4-5 Years |
5.8 |
1.4 |
1.4 |
3.3 |
5.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
3.3 |
0.0 |
0.0 |
0.0 |
2.1 |
|
Pension Obligation - Foreign |
12.6 |
16.4 |
26.5 |
21.8 |
22.2 |
|
Plan Assets - Foreign |
0.4 |
0.4 |
6.0 |
4.7 |
4.7 |
|
Funded Status - Foreign |
-12.2 |
-16.0 |
-20.5 |
-17.1 |
-17.5 |
|
Accumulated Obligation - Foreign |
11.3 |
15.3 |
23.1 |
19.1 |
20.2 |
|
Total Funded Status |
-12.2 |
-16.0 |
-20.5 |
-17.1 |
-17.5 |
|
Discount Rate - Foreign |
1.19% |
1.40% |
1.29% |
1.40% |
1.66% |
|
Compensation Rate - Foreign |
4.18% |
4.22% |
5.23% |
5.21% |
6.56% |
|
Intangible Assets - Foreign |
12.2 |
16.0 |
20.2 |
17.1 |
17.5 |
|
Accrued Liabilities - Foreign |
- |
0.0 |
-0.2 |
0.0 |
- |
|
Other Assets, Net - Foreign |
1.1 |
0.8 |
3.2 |
2.3 |
2.0 |
|
Net Assets Recognized on Balance Sheet |
13.3 |
16.8 |
23.1 |
19.4 |
19.5 |
|
Equity % - Foreign |
- |
51.00% |
51.00% |
52.00% |
45.00% |
|
Debt Securities % - Foreign |
- |
39.00% |
39.00% |
44.00% |
40.00% |
|
Other Investments % - Foreign |
- |
10.00% |
10.00% |
4.00% |
15.00% |
|
Total Plan Obligations |
12.6 |
16.4 |
26.5 |
21.8 |
22.2 |
|
Total Plan Assets |
0.4 |
0.4 |
6.0 |
4.7 |
4.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
68.8 |
124.2 |
85.1 |
-57.8 |
-517.0 |
|
Depreciation |
28.0 |
26.8 |
28.0 |
30.9 |
26.8 |
|
Depreciation/Depletion |
28.0 |
26.8 |
28.0 |
30.9 |
26.8 |
|
Amortization of Intangibles |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Amortization |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Deferred Taxes |
11.9 |
-19.4 |
-3.0 |
-1.7 |
15.7 |
|
Discontinued Operations |
- |
- |
- |
0.0 |
-0.8 |
|
Unusual Items |
0.0 |
0.0 |
2.2 |
2.2 |
486.8 |
|
Equity in Net Earnings (Loss) |
- |
- |
- |
0.9 |
0.3 |
|
Other Non-Cash Items |
11.8 |
8.1 |
8.1 |
19.8 |
21.2 |
|
Non-Cash Items |
11.8 |
8.1 |
10.3 |
22.8 |
507.6 |
|
Accounts Receivable |
10.6 |
19.3 |
-26.8 |
-19.2 |
53.4 |
|
Inventories |
-6.1 |
3.6 |
-14.3 |
10.7 |
1.9 |
|
Other Assets |
-3.0 |
1.3 |
-0.3 |
1.7 |
1.2 |
|
Payable/Accrued |
6.3 |
-15.1 |
34.9 |
-1.6 |
-35.5 |
|
Taxes Payable |
-11.0 |
-0.4 |
13.2 |
0.5 |
-18.9 |
|
Other Operating Cash Flow |
-11.8 |
-1.4 |
0.5 |
-1.4 |
9.7 |
|
Changes in Working Capital |
-15.0 |
7.3 |
7.3 |
-9.3 |
11.8 |
|
Cash from Operating Activities |
115.2 |
157.3 |
140.9 |
4.2 |
64.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-49.9 |
-30.3 |
-16.8 |
-13.2 |
-27.0 |
|
Capital Expenditures |
-49.9 |
-30.3 |
-16.8 |
-13.2 |
-27.0 |
|
Acquisition of Business |
- |
- |
- |
0.5 |
-162.9 |
|
Sale of Fixed Assets |
- |
- |
- |
2.3 |
- |
|
Sale/Maturity of Investment |
8.0 |
2.0 |
0.0 |
0.0 |
0.0 |
|
Purchase of Investments |
-28.0 |
-2.0 |
0.0 |
0.0 |
-11.0 |
|
Other Investing Cash Flow |
-2.5 |
1.9 |
4.8 |
0.5 |
1.6 |
|
Other Investing Cash Flow Items, Total |
-22.5 |
1.8 |
4.8 |
3.3 |
-172.2 |
|
Cash from Investing Activities |
-72.5 |
-28.4 |
-12.0 |
-9.8 |
-199.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
3.5 |
-0.8 |
0.0 |
-3.6 |
-0.6 |
|
Financing Cash Flow Items |
3.5 |
-0.8 |
0.0 |
-3.6 |
-0.6 |
|
Sale/Issuance of
Common |
7.4 |
11.7 |
6.8 |
57.9 |
3.1 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
0.0 |
-28.9 |
|
Common Stock, Net |
7.4 |
11.7 |
6.8 |
57.9 |
-25.8 |
|
Issuance (Retirement) of Stock, Net |
7.4 |
11.7 |
6.8 |
57.9 |
-25.8 |
|
Long Term Debt Issued |
0.0 |
0.0 |
186.6 |
704.7 |
173.8 |
|
Long Term Debt
Reduction |
0.0 |
0.0 |
-259.2 |
-799.6 |
-64.7 |
|
Long Term Debt, Net |
0.0 |
0.0 |
-72.5 |
-95.0 |
109.1 |
|
Issuance (Retirement) of Debt, Net |
0.0 |
0.0 |
-72.5 |
-95.0 |
109.1 |
|
Cash from Financing Activities |
10.9 |
10.9 |
-65.7 |
-40.7 |
82.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
3.2 |
-0.1 |
2.1 |
0.0 |
6.5 |
|
Net Change in Cash |
56.8 |
139.6 |
65.3 |
-46.3 |
-45.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
273.6 |
134.0 |
68.7 |
115.0 |
160.7 |
|
Net Cash - Ending Balance |
330.4 |
273.6 |
134.0 |
68.7 |
115.0 |
|
Cash Interest Paid |
0.3 |
0.2 |
- |
7.5 |
2.8 |
|
Cash Taxes Paid |
29.7 |
22.0 |
- |
-2.8 |
23.3 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net sales |
715.9 |
749.3 |
688.4 |
398.6 |
554.7 |
|
Total Revenue |
715.9 |
749.3 |
688.4 |
398.6 |
554.7 |
|
|
|
|
|
|
|
|
Cost of sales |
408.5 |
423.3 |
377.8 |
260.8 |
343.2 |
|
Selling, general and administrative expe |
147.4 |
140.8 |
147.1 |
117.0 |
147.5 |
|
Engineering, research and development ex |
50.9 |
48.0 |
43.9 |
35.0 |
40.1 |
|
Amortization of intangible assets |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Impairment of goodwill |
- |
- |
0.0 |
0.0 |
473.8 |
|
Restructuring Charges(1) |
- |
0.0 |
0.0 |
15.5 |
10.4 |
|
Total Operating Expense |
616.5 |
622.4 |
582.0 |
447.6 |
1,034.6 |
|
|
|
|
|
|
|
|
Interest Income |
0.3 |
0.2 |
0.1 |
0.2 |
1.8 |
|
Interest Expense |
-0.3 |
-0.9 |
-3.6 |
-9.4 |
-2.8 |
|
Foreign Currency Reimbursements |
- |
- |
-2.3 |
-1.3 |
-4.4 |
|
Sale of Equity Investments |
- |
- |
0.9 |
0.0 |
0.0 |
|
Impairment Loss on Equity Investments |
- |
- |
0.0 |
-1.0 |
-11.1 |
|
Other income, net |
0.2 |
1.7 |
0.0 |
0.5 |
0.1 |
|
Net Income Before Taxes |
99.7 |
128.0 |
101.5 |
-59.9 |
-496.4 |
|
|
|
|
|
|
|
|
Income tax expense |
30.9 |
4.2 |
15.0 |
-3.0 |
19.2 |
|
Net Income After Taxes |
68.8 |
123.7 |
86.5 |
-56.9 |
-515.6 |
|
|
|
|
|
|
|
|
Minority Interests |
0.0 |
- |
- |
- |
- |
|
net income attributable to the noncontro |
0.0 |
-0.4 |
-0.8 |
0.0 |
0.0 |
|
Equity in net income of affiliates |
0.0 |
0.5 |
-1.4 |
-0.9 |
-0.3 |
|
Net Income Before Extra. Items |
68.8 |
123.8 |
84.4 |
-57.7 |
-515.9 |
|
Discontinued operations |
- |
- |
- |
- |
0.0 |
|
Loss from operations of discontinued bus |
- |
- |
0.0 |
0.0 |
-1.1 |
|
Impairment loss on assets of discontinue |
- |
- |
- |
0.0 |
0.0 |
|
Net income |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
68.8 |
123.8 |
84.4 |
-57.7 |
-515.9 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
|
|
|
|
|
|
|
Basic |
137.3 |
134.7 |
131.7 |
117.3 |
112.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.50 |
0.92 |
0.64 |
-0.49 |
-4.58 |
|
Basic EPS Including ExtraOrdinary Items |
0.50 |
0.92 |
0.64 |
-0.49 |
-4.59 |
|
Dilution Adjustment |
- |
- |
- |
0.0 |
0.0 |
|
Diluted Net Income |
68.8 |
123.8 |
84.4 |
-57.7 |
-517.0 |
|
Diluted |
138.4 |
136.2 |
133.2 |
117.3 |
112.7 |
|
Diluted EPS Excluding ExtraOrd Items |
0.50 |
0.91 |
0.63 |
-0.49 |
-4.58 |
|
Diluted EPS Including ExtraOrd Items |
0.50 |
0.91 |
0.63 |
-0.49 |
-4.59 |
|
DPS-Ordinary Shares |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
99.7 |
127.2 |
101.5 |
-44.4 |
-12.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
30.9 |
4.2 |
15.0 |
2.4 |
188.7 |
|
Normalized Income After Taxes |
68.8 |
123.0 |
86.5 |
-46.8 |
-200.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
68.8 |
123.1 |
84.4 |
-47.7 |
-201.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.50 |
0.91 |
0.64 |
-0.41 |
-1.79 |
|
Diluted Normalized EPS |
0.50 |
0.90 |
0.63 |
-0.41 |
-1.79 |
|
Engineering, research and development ex |
50.9 |
48.0 |
43.9 |
35.0 |
40.1 |
|
Interest Expense |
0.3 |
0.9 |
3.6 |
9.4 |
2.8 |
|
BC - Depreciation of Intangible Assets |
9.6 |
- |
- |
- |
- |
|
Amort of Intangibles |
- |
10.2 |
13.2 |
19.2 |
19.6 |
|
Depreciation |
28.0 |
26.8 |
28.0 |
30.9 |
26.8 |
|
Rental Expense |
9.4 |
10.6 |
11.9 |
15.0 |
12.3 |
|
Federal |
5.8 |
2.4 |
2.6 |
-1.1 |
-0.1 |
|
State |
0.7 |
1.3 |
0.7 |
0.1 |
-0.6 |
|
Foreign |
11.2 |
17.8 |
15.3 |
-0.4 |
4.3 |
|
Current Tax - Total |
17.6 |
21.5 |
18.5 |
-1.3 |
3.6 |
|
Federal |
11.2 |
-19.9 |
0.0 |
0.0 |
11.1 |
|
State |
0.2 |
-0.6 |
0.0 |
0.0 |
-1.9 |
|
Foreign |
1.9 |
3.2 |
-3.5 |
-1.7 |
6.4 |
|
Deferred Tax - Total |
13.2 |
-17.3 |
-3.5 |
-1.7 |
15.7 |
|
Income Tax - Total |
30.9 |
4.2 |
15.0 |
-3.0 |
19.2 |
|
Service Cost - Japan |
0.1 |
1.3 |
1.7 |
1.5 |
1.4 |
|
Interest Cost - Japan |
0.2 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Expected Return on Assets - Japan |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Amort. of Prior Service Cost - Japan |
0.0 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Amort. of Transition Oblig. - Japan |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of plan loss |
0.0 |
0.0 |
0.2 |
0.2 |
0.1 |
|
Actuarial Gains and Losses - Foreign |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Acquisition |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Curtailments |
0.0 |
-0.7 |
0.0 |
-0.1 |
0.0 |
|
Foreign Pension Plan Expense |
0.3 |
1.0 |
2.3 |
2.1 |
1.9 |
|
401(k) Savings & Profit Sharing Plan |
3.0 |
3.2 |
2.5 |
0.4 |
3.0 |
|
Total Pension Expense |
3.3 |
4.2 |
4.8 |
2.5 |
4.9 |
|
Discount Rate - Japan |
1.80% |
1.38% |
1.36% |
1.74% |
1.77% |
|
Expected Rate of Return - Japan |
2.84% |
5.14% |
5.26% |
6.38% |
6.55% |
|
Compensation Rate - Japan |
1.14% |
1.52% |
1.53% |
1.49% |
1.58% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
330.4 |
273.6 |
134.0 |
68.7 |
115.0 |
|
Short-term investments |
20.0 |
- |
- |
- |
- |
|
Accounts Receivable |
86.7 |
95.9 |
107.8 |
82.9 |
59.3 |
|
Notes Receivable |
9.6 |
12.4 |
18.0 |
9.9 |
12.5 |
|
Doubtful Accounts |
-2.3 |
-1.0 |
-1.1 |
-1.7 |
-1.3 |
|
Raw Materials |
27.7 |
26.4 |
26.6 |
21.0 |
24.9 |
|
Work in Progress |
10.2 |
12.3 |
13.4 |
11.1 |
16.5 |
|
Finished Goods |
60.7 |
54.7 |
60.5 |
50.5 |
60.0 |
|
Supplies |
0.5 |
0.6 |
0.7 |
0.6 |
0.8 |
|
Deferred tax assets, deferred tax charge |
20.2 |
15.8 |
11.5 |
11.1 |
14.7 |
|
Assets Held for Sale |
6.0 |
6.0 |
8.2 |
6.0 |
2.5 |
|
Other current assets |
9.6 |
6.4 |
7.7 |
7.3 |
8.3 |
|
Total current assets |
579.3 |
503.0 |
387.1 |
267.5 |
313.1 |
|
|
|
|
|
|
|
|
Land |
11.1 |
11.5 |
11.2 |
10.7 |
12.6 |
|
Building/Improvment |
85.2 |
75.6 |
73.8 |
70.1 |
79.0 |
|
Manufacturing Equipment |
151.6 |
148.5 |
135.6 |
132.3 |
138.5 |
|
Molds |
80.0 |
72.5 |
68.9 |
62.8 |
82.1 |
|
Office Furniture/Equipment |
66.0 |
61.1 |
56.9 |
55.1 |
56.1 |
|
Depreciation |
-263.3 |
-238.7 |
-219.7 |
-195.6 |
-208.5 |
|
Investments |
- |
3.8 |
7.0 |
7.0 |
14.0 |
|
Patents |
19.1 |
19.0 |
19.1 |
19.0 |
17.9 |
|
Developed Technology |
76.4 |
76.6 |
75.0 |
75.0 |
75.0 |
|
Trademarks and Trade Names |
12.7 |
12.6 |
17.3 |
17.2 |
15.5 |
|
Customer Relationships |
56.7 |
56.6 |
56.6 |
56.9 |
55.4 |
|
Employment and Noncompete Agreements |
1.5 |
1.6 |
1.7 |
1.7 |
3.5 |
|
Other |
- |
- |
4.3 |
4.3 |
4.2 |
|
Amortization |
-119.2 |
-110.0 |
-108.9 |
-95.6 |
-78.3 |
|
Deferred tax assets and other noncurrent |
17.2 |
25.1 |
10.9 |
9.7 |
13.3 |
|
Other assets |
10.8 |
5.7 |
4.6 |
6.6 |
4.5 |
|
Construction in Progress, Gross |
26.6 |
- |
- |
- |
- |
|
Total Assets |
811.5 |
724.7 |
601.4 |
504.7 |
597.8 |
|
|
|
|
|
|
|
|
Current Portion of Debt |
- |
- |
0.0 |
11.3 |
13.2 |
|
Short-term borrowings |
- |
- |
0.0 |
8.0 |
0.0 |
|
Accounts Payable |
36.3 |
30.6 |
34.6 |
23.6 |
21.8 |
|
Accrued payroll and related benefits |
29.4 |
30.9 |
41.4 |
14.0 |
19.6 |
|
Accrued Employee Benefits |
- |
- |
- |
2.1 |
1.9 |
|
Accrued Taxes |
- |
- |
- |
2.5 |
0.8 |
|
Accrued Interest |
- |
- |
- |
0.2 |
0.1 |
|
Accrued Warranty |
- |
- |
- |
0.9 |
1.1 |
|
Other accrued liabilities |
21.9 |
17.0 |
18.1 |
10.1 |
13.5 |
|
Deferred tax liabilities and income taxe |
5.7 |
14.1 |
13.5 |
1.2 |
7.4 |
|
Total Current Liabilities |
93.3 |
92.6 |
107.6 |
73.9 |
79.4 |
|
|
|
|
|
|
|
|
Commitments and contingent liabilities |
0.0 |
- |
0.0 |
52.5 |
150.5 |
|
Total Long Term Debt |
0.0 |
- |
0.0 |
52.5 |
150.5 |
|
|
|
|
|
|
|
|
Pension benefit obligations and other li |
17.1 |
19.9 |
24.8 |
22.1 |
24.6 |
|
Deferred tax liabilities and other noncu |
6.4 |
4.0 |
5.0 |
6.6 |
7.2 |
|
Minority Interest |
- |
0.0 |
4.4 |
3.5 |
0.0 |
|
Total Liabilities |
116.7 |
116.4 |
141.8 |
158.5 |
261.7 |
|
|
|
|
|
|
|
|
Common stock |
1.4 |
1.4 |
1.3 |
1.3 |
1.1 |
|
Additional paid-in capital |
809.5 |
788.7 |
765.9 |
751.4 |
685.0 |
|
Retained deficit |
-157.0 |
-225.8 |
-349.6 |
-434.0 |
-376.2 |
|
Accumulated other comprehensive income |
40.9 |
44.0 |
42.0 |
27.5 |
26.3 |
|
Total Equity |
694.8 |
608.2 |
459.6 |
346.2 |
336.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
811.5 |
724.7 |
601.4 |
504.7 |
597.8 |
|
|
|
|
|
|
|
|
S/O-Ordinary Shares |
138.5 |
135.8 |
132.9 |
130.0 |
113.1 |
|
Total Common Shares Outstanding |
138.5 |
135.8 |
132.9 |
130.0 |
113.1 |
|
T/S-Ordinary Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amortization |
119.2 |
110.0 |
108.9 |
95.6 |
78.3 |
|
Full-Time Employees |
2,700 |
2,600 |
2,600 |
2,400 |
2,829 |
|
Number of Common Shareholders |
1,339 |
1,369 |
1,371 |
1,380 |
1,320 |
|
Long Term Debt Due Within 1 Year |
- |
- |
- |
11.3 |
13.2 |
|
Long Term Debt Due Within 2 Years |
- |
- |
- |
52.5 |
11.5 |
|
Long Term Debt Due Within 3 Years |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Due Within 4 Years |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Due Within 5 Years |
- |
- |
- |
0.0 |
139.0 |
|
Long Term Debt Due thereafter |
- |
- |
- |
0.0 |
0.0 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
63.7 |
163.7 |
|
Operating Lease Due Within 1 Year |
8.3 |
6.7 |
5.9 |
7.5 |
8.6 |
|
Operating Lease Due Within 2 Year |
4.4 |
5.3 |
4.9 |
4.0 |
6.5 |
|
Operating Lease Due Within 3 Years |
4.1 |
2.2 |
3.6 |
3.3 |
3.4 |
|
Operating Lease Due Within 4 Years |
3.2 |
0.9 |
1.2 |
2.7 |
3.0 |
|
Operating Lease Due Within 5 Years |
2.6 |
0.5 |
0.2 |
0.7 |
2.8 |
|
Operating Lease Due thereafter |
3.3 |
0.0 |
0.0 |
0.0 |
2.1 |
|
Total Operating Leases, Supplemental |
25.8 |
15.6 |
15.8 |
18.1 |
26.3 |
|
Projected Benefit Obligation - Japan |
12.6 |
16.4 |
26.5 |
21.8 |
22.2 |
|
FV of Plan Assets - Japan |
0.4 |
0.4 |
6.0 |
4.7 |
4.7 |
|
Funded Status - Japan |
-12.2 |
-16.0 |
-20.5 |
-17.1 |
-17.5 |
|
Accumulated Benefit Obligation - Japan |
11.3 |
15.3 |
23.1 |
19.1 |
20.2 |
|
Total Funded Status |
-12.2 |
-16.0 |
-20.5 |
-17.1 |
-17.5 |
|
Discount Rate - Japan |
1.19% |
1.40% |
1.29% |
1.40% |
1.66% |
|
Compensation Rate - Japan |
4.18% |
4.22% |
5.23% |
5.21% |
6.56% |
|
Current Liability - Japan |
- |
0.0 |
-0.2 |
0.0 |
- |
|
Non-Current Liability - Japan |
12.2 |
16.0 |
20.2 |
17.1 |
17.5 |
|
AOCI-Net Actuarial Loss - Japan |
1.0 |
0.6 |
3.8 |
2.6 |
2.0 |
|
AOCI-Prior Service Cost - Japan |
0.3 |
0.3 |
1.2 |
1.2 |
1.3 |
|
AOCI-Transition Obligation - Japan |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Taxes - Japan |
-0.2 |
-0.2 |
-1.8 |
-1.5 |
-1.3 |
|
Net Assets Recognized on Balance Sheet |
13.3 |
16.8 |
23.1 |
19.4 |
19.5 |
|
Equity securities |
- |
51.00% |
51.00% |
52.00% |
45.00% |
|
Fixed Income Securities |
- |
39.00% |
39.00% |
44.00% |
40.00% |
|
Other |
- |
10.00% |
10.00% |
4.00% |
15.00% |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
68.8 |
124.2 |
85.1 |
-57.8 |
-517.0 |
|
Depreciation |
28.0 |
26.8 |
28.0 |
30.9 |
26.8 |
|
Loss (income) from discontinued operatio |
- |
- |
- |
0.0 |
1.1 |
|
Amortization |
9.6 |
10.2 |
13.2 |
19.2 |
19.6 |
|
Stock Based Compensation |
- |
- |
- |
8.1 |
7.0 |
|
Impairment of goodwill |
- |
- |
- |
0.0 |
473.8 |
|
Impairment of equity Investments |
0.0 |
0.0 |
2.2 |
1.0 |
11.7 |
|
Deferred tax valuation allowance |
0.4 |
-41.0 |
-13.6 |
16.6 |
42.1 |
|
Provision for deferred income taxes |
11.6 |
21.7 |
10.6 |
-18.3 |
-26.4 |
|
Charge for excess and obsolete inventory |
4.0 |
3.2 |
1.0 |
4.9 |
0.0 |
|
Excess tax benefit from share-based comp |
-3.8 |
-0.7 |
-0.1 |
0.0 |
0.0 |
|
Amortization of debt issuance costs |
0.0 |
0.7 |
1.7 |
2.1 |
0.0 |
|
Net income attributable to noncontrollin |
0.0 |
-0.4 |
-0.8 |
0.0 |
0.0 |
|
Other |
1.7 |
-2.2 |
-1.3 |
- |
- |
|
Impairment of Property & Equipment |
- |
- |
- |
1.2 |
1.4 |
|
Impairment of intangibles |
- |
- |
- |
0.0 |
0.0 |
|
Doubtful Accounts |
- |
- |
- |
0.3 |
0.7 |
|
Charge for Fair Value Mark-up of Invent. |
- |
- |
- |
4.6 |
13.5 |
|
Equity in net loss (earnings) of affilia |
- |
- |
- |
0.9 |
0.3 |
|
Gain on Sale of Property & Equipment |
- |
- |
- |
0.0 |
-0.1 |
|
Loss recognized as a result of remeasuri |
- |
- |
- |
-0.2 |
0.0 |
|
Gain on Sale of Equity Investments |
- |
- |
- |
0.0 |
0.0 |
|
Share-based compensation expense |
9.9 |
7.5 |
7.6 |
- |
- |
|
Trade accounts receivable and notes rece |
10.6 |
19.3 |
-26.8 |
-19.2 |
53.4 |
|
Inventories |
-6.1 |
3.6 |
-14.3 |
10.7 |
1.9 |
|
Accounts payable and accrued liabilities |
6.3 |
-15.1 |
34.9 |
-1.6 |
-35.5 |
|
Other current assets |
-3.0 |
1.3 |
-0.3 |
1.7 |
1.2 |
|
Income taxes payable and refundable inco |
-11.0 |
-0.4 |
13.2 |
0.5 |
-18.9 |
|
Other |
-11.8 |
-1.4 |
0.5 |
-1.4 |
9.7 |
|
Disc. Ops. |
- |
- |
- |
0.0 |
-1.9 |
|
Cash from Operating Activities |
115.2 |
157.3 |
140.9 |
4.2 |
64.4 |
|
|
|
|
|
|
|
|
Acquisition of property and equipment |
-49.9 |
-30.3 |
-16.8 |
-13.2 |
-27.0 |
|
Acquisition of Businesses |
- |
- |
- |
0.5 |
-162.9 |
|
Other |
-2.5 |
1.9 |
4.8 |
0.5 |
0.9 |
|
Purchase of equity investments |
- |
- |
- |
0.0 |
-11.0 |
|
Proceeds from sale of assets held for sa |
- |
- |
- |
2.3 |
- |
|
Proceeds from maturities of short-term i |
8.0 |
2.0 |
0.0 |
0.0 |
0.0 |
|
Other(1) |
- |
- |
- |
0.0 |
0.0 |
|
Proceeds from Sale of Equity Investments |
- |
- |
- |
0.0 |
0.0 |
|
Purchase of short-term investments |
-28.0 |
-2.0 |
0.0 |
0.0 |
0.0 |
|
Net cash provided by investing activitie |
- |
- |
- |
0.0 |
0.7 |
|
Cash from Investing Activities |
-72.5 |
-28.4 |
-12.0 |
-9.8 |
-199.2 |
|
|
|
|
|
|
|
|
Principal payments on short-term borrowi |
0.0 |
0.0 |
-259.2 |
-799.6 |
-64.7 |
|
Proceeds from short-term borrowings and |
0.0 |
0.0 |
186.6 |
704.7 |
173.8 |
|
Proceeds from stock offering |
- |
- |
- |
56.6 |
0.0 |
|
Repurchase and retirement of common stoc |
- |
- |
- |
0.0 |
-28.9 |
|
Excess tax benefit from employee stock p |
- |
- |
- |
0.0 |
0.0 |
|
Payments for debt issuance costs |
- |
- |
- |
-3.6 |
-0.6 |
|
Other |
3.5 |
-0.8 |
0.0 |
- |
- |
|
Issuance of common stock |
7.4 |
11.7 |
6.8 |
1.3 |
3.1 |
|
Cash from Financing Activities |
10.9 |
10.9 |
-65.7 |
-40.7 |
82.7 |
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash |
3.2 |
-0.1 |
2.1 |
0.0 |
6.5 |
|
Increase in cash and cash equivalents |
56.8 |
139.6 |
65.3 |
-46.3 |
-45.6 |
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning o |
273.6 |
134.0 |
68.7 |
115.0 |
160.7 |
|
Cash and cash equivalents at end of peri |
330.4 |
273.6 |
134.0 |
68.7 |
115.0 |
|
Cash Interest Paid |
0.3 |
0.2 |
- |
7.5 |
2.8 |
|
Cash Taxes Paid |
29.7 |
22.0 |
- |
-2.8 |
23.3 |
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Traded: NASDAQ: ENTG |
Financials in:
USD (actual units) |
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Industry: Semiconductors |
As of
27-Sep-2013 |
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Sector: Technology |
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Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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Stock History
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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 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+'.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.