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Report Date : |
17.01.2014 |
IDENTIFICATION DETAILS
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Name : |
FLSMIDTH A/S |
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Registered Office : |
Vigerslev Alle 77, Valby 2500 |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.03.1991 |
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Com. Reg. No.: |
15028882 |
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Legal Form : |
Limited company |
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Line of Business : |
·
Mounting and delivery of ready-made production
pla ·
Installation of industrial machinery and
equipment ·
Conference centres and course facilities |
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|
|
No. of Employees : |
1705 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy a high standard of living and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, has since continued to decline. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crisis cut Danish real GDP in 2008-09. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-12, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009. In spite of the deficits, the new coalition government delivered a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU with public debt at about 45% of GDP in 2012. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro.
|
Source
: CIA |
Business Name FLSMIDTH A/S
Country DENMARK
Company Registration Number/CVR 15028882
Main Code 711230
Main Activity Mounting and
delivery of ready-made production pla
Company Status Active
No negative information on this company.
Basic Information
Business Name FLSmidth A/S
Registered Company Name FLSmidth A/S
Company Registration Number 15028882
Country DENMARK
Date of Company Registration 1991-03-06
Legal Form Limited company
Company Status Active
Currency of this Report DKK
Principal Activity Code 711230
Principal Activity Description Mounting and
delivery of ready-made production pla
Contact Address Vigerslev Alle 77,
Valby 2500
Contact Telephone Number 36181000
Activity Code
Activity Description
711230 Mounting
and delivery of ready-made production pla
551020 Conference
centres and course facilities
332000 Installation
of industrial machinery and equipment
711220 Consulting
engineering activities within production
Previous Name Date
Changed from Previous Name
SLF Beta A/S
F.L. Smidth & Co. A/S
F.L. Smidth A/S
Profit and Loss
Financial Date 2012-12-31 2011-12-31 2010-12-31
Number of Weeks 52 52 52
Currency DKK DKK DKK
Revenue 4.012.000.000
4.131.000.000 4.922.000.000
Operating Profit
418.000.000 462.000.000 656.000.000
Retained Profit 1.659.000.000 374.000.000 523.000.000
Balance Sheet
Financial Date 2012-12-31 2011-12-31 2010-12-31
Number of Weeks 52 52 52
Currency DKK DKK DKK
Total Assets 9.706.000.000 9.073.000.000 9.216.000.000
Other Reserves 5.531.000.000 4.362.000.000 4.498.000.000
Main Address
Address Country
Telephone
Vigerslev Alle 77, Valby 2500 DENMARK
36181000
Email Addresses
Web Pages
Currency DKK
Nominal Share Capital 500.000.000
Current Directors
Name Position
Start Date
Thomas Schulz Managing
director 2013-05-01
Bjarne Moltke Hansen General
manager 2005-10-01
Ben Guren General
manager 2012-04-13
Peter Flanagan General
manager 2013-07-30
Per Mejnert Kristensen General
manager 2013-07-30
Carsten Riisberg Lund General
manager 2013-07-30
Vagn Ove Sørensen Chairman
2009-05-06
Torkil Bentzen Deputy Chairman
2004-01-30
Hans Per Martin Ivert Member
of the board 2008-04-29
Sten Erik Jakobsen Member
of the board 2011-05-11
Caroline Grégoire Sainte Marie
Member of the board 2012-04-16
Tom Knutzen Member
of the board 2012-04-16
Mette Dobel Elected
by employees 2009-05-06
Jens Peter Koch Elected
by employees 2013-04-10
Søren Quistgaard Larsen Elected
by employees 2013-04-10
Jan Amtoft
IT 2008-02-05
Ultimate Holding
Parent
Name Country
No information for this company.
Name Country
PT Flsmidth
Indonesia INDONESIA
FLS Eurasia AG SWITZERLAND
FLSmidth Krebs
GmbH AUSTRIA
FLSmidth Qingdao
Ltd CHINA
FLSmidth Ltda BRAZIL
FLSmidth SA SPAIN
FLSmidth (Jersey) Limited
UNITED
KINGDOM
Flsmidth Tyskland
A/S DENMARK
FLSmidth Argentina
SA ARGENTINA
FLSmidth Ltd UNITED
KINGDOM
FLS US Holdings
Inc UNITED
STATES
FLSmidth Machinery
Industri (Qingdao) Ltd CHINA
FLSmidth MAAG Gear
AG SWITZERLAND
Pfister Holding
GmbH GERMANY
FLSmidth Ireland
Limited IRELAND
FLSmidth Sp.
z.o.o. POLAND
Flsmidth Rusland
Holding A/S DENMARK
MAAG Gear Systems AG SWITZERLAND
LFC International
Engineering JSC VIET
NAM
FLSmidth d.o.o. CROATIA
Flsmidth Solutions
ApS DENMARK
FLSmidth
Ventomatic SpA ITALY
FLSmidth (Private)
Ltd. PAKISTAN
FLSmidth Shanghai
Ltd. CHINA
Flsmidth Spol.
s.r.o. CZECH
REPUBLIC
Flsmidth Zambia
Ltd. ZAMBIA
FLSmidth Mongolia MONGOLIA
FLSmidth SAS FRANCE
Phillips Kiln
Services International F.Z.E. UNITED
ARAB EMIRATES
The Pennies and
Pounds Holding Inc PHILIPPINES
FLSmidth AB SWEDEN
FLSmidth Co. Ltd. VIET
NAM
FLSsmidth LLC MOLDOVA
FLSmidth Sales and
Services Limitid NIGERIA
FLSmidth Sales and
Services Limitid TURKEY
FLSmidth SEPEC Environmental Engineering Co., Ltd CHINA
Employee Information
Year Reported Number
of Employees
2012 1705
2011 1566
2010 1463
Real Estate
Real Estate No
Other Trading Names
Type Name
Business name FFE
Minerals A/S
Business name FFE
Minerals Denmark A/S
Business name F.L.Smidth
Airtech A/S
Business name FLS
Airloq A/S
Business name FLS
Automation A/S
Business name FLS
Energy A/S
Business name FLS
Group A/S
Business name FLSairtech
A/S
Business name FLSmidth
Airtech A/S
Business name Flsmidth
Airloq A/S
Business name Flsmidth
Energy A/S
Business name Flsmidth
Group A/S
Business name Flsmidth
Minerals A/S
Business name Flsmidth
Technology A/S
Business name Flsmidth
(Thailand) Ltd. A/S
Business name Fuller
A/S
Business name International
Engineering A/S
Business name
International Holding Company A/S
Business name Myfls
A/S
Business name S.A.
Teknik Mariager A/S
Business name F.L.
Smidth Minerals A/S
Business name F.L.Smidth
A/S
Business name F.L.
Smidth-Fuller Engineering A/S
Business name Valby
Maskinfabrik A/S
Business name Ventomatic
A/S
Global Trading Information
Export Worldwide
Import
Other Information
Type Text
Historical data The
company was formed in 1991 under the name of "SLF Beta A/S", but in
1992 it changed its name to the present one.
Historical data In 1992
the company took over the activities previously carried on by "F.L.Smidth
& Co A/S" Reg. 173.386.
Historical data In
2004 the company took over the activities previously carried on by F.L.Smidth
Materials Handling A/S (CVR.73336813).
Historical data In
1994 the business took over the activities previously carried on by "FLS
Maskinteknik A/S" reg. 176.405.
Historical data The
company has per 01.01.1997 transferred some of its former activities to MAAG
Gear A/S, Reg.Nr.: 221.470.
Historical data The
company merged on 09-07-2001 with F.L. Smidth-Fuller Engineering A/S cvr.
15109076 , the registered company being the continuing one.
Historical data The
company merged on 09-07-2001 with Fuller A/S cvr. 15109076 , the registered
company being the continuing one.
Historical data The
company merged on 11-06-2003 with FLS Automation A/S (Cvr. 14321608) , the
registered company being the continuing one.
Historical data The
company merged on 07-09-2008 with FLSmith Techology A/S (Cvr. 15109084) , the
registered company being the continuing one.
Historical data The
company merged on 30-10-2008 with FLSmidth Airtech A/S (Cvr. 26527848) , the
registered company being the continuing one.
Historical data The
company merged on 23-06-2009 with FLSmidth Minerals A/S (Cvr. 16660299) , the
registered company being the continuing one.
Historical data The
company merged on 23-06-2009 with FLSmidth A/S (Cvr. 15028882) , the registered
company being the continuing one.
Historical data The
company merged on 23-09-2009 with F L Smidth Airloq A/S (Cvr. 10364248) , the
registered company being the continuing one.
Historical data The company merged on 23-06-2009
with International Holding Company A/S (Cvr. 16660302), the registered company
being the continuing one.
Capital conditions fully
paid up
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.100.73 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
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 |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.