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Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLSMIDTH &
CO. A/S |
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|
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Formerly Known as : |
FLS Industries A/S |
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Registered Office : |
Vigerslev Alle 77, Valby 2500 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
31.12.1924 |
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Com. Reg. No.: |
58180912 |
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Legal Form : |
Limited Company |
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Line of Business : |
supplier of
the minerals and cement industries globally with everything from engineering,
single machines and complete processing plants to maintenance, support
services and operation of processing facilities. |
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|
|
|
No of Employees : |
04 (2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, have since continued to decline. Household
indebtedness is still relatively high at more than 275% of gross disposable
income in the first half of 2013. The global financial crisis has exacerbated
this cyclical slowdown through increased borrowing costs and lower export
demand, consumer confidence, and investment. Denmark made a modest recovery in
2010, 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 2010-13, 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, where it
remains. 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 46% of GDP in
2013. 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 & Co. A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
58180912 |
|
Main Code |
642020 |
|
Main Activity |
supplier of the minerals and cement
industries globally with everything from engineering, single machines and
complete processing plants to maintenance, support services and operation of
processing facilities. |
|
Company Status |
Active |
|
Latest Shareholder Equity |
2.419.000 |
|
|
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Company Information
|
|
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|
Basic Information |
|
|
Business Name |
FLSmidth & Co. A/S |
|
Registered Company Name |
FLSmidth & Co. A/S |
|
Company Registration Number |
58180912 |
|
Country |
DENMARK |
|
Date of Company Registration |
1924-12-31 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
642020 |
|
Principal Activity Description |
supplier of the minerals and cement industries
globally with everything from engineering, single machines and complete
processing plants to maintenance, support services and operation of
processing facilities. |
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Contact Address |
Vigerslev Alle 77, Valby 2500 |
|
Contact Telephone Number |
36181800 |
Activities
supplier of the minerals and cement
industries globally with everything from engineering, single machines and
complete processing plants to maintenance, support services and operation of processing
facilities.
|
Previous
Name |
|
|
FLS Industries A/S |
|
|
F L Smidth & Co A/S |
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Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue -
- - |
|||
|
Operating
Profit |
-14.000.000 |
-20.000.000 |
-25.000.000 |
|
Retained Profit |
902.000.000 |
190.000.000 |
522.000.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
13.550.000.000 |
11.628.000.000 |
8.531.000.000 |
|
Other Reserves |
2.419.000.000 |
2.638.000.000 |
3.065.000.000 |
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Main Address |
||
|
|
Country |
Telephone |
|
Vigerslev Alle 77, Valby 2500 |
DENMARK |
36181800 |
Email Addresses corppr@flsmidth.com
Web Pages www.flsmidth.com
|
Currency |
DKK |
|
Nominal Share Capital |
1.025.000.000 |
|
Current Directors |
||
|
Name |
Position |
|
|
Thomas Schulz |
Managing director |
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Bjarne Moltke Hansen |
General manager |
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Peter Flanagan |
General manager |
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Per Mejnert Kristensen |
General manager |
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Carsten Riisberg Lund |
General manager |
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Lars Vestergaard |
General manager |
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Vagn Ove Sorensen |
Chairman |
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Torkil Bentzen |
Deputy Chairman |
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Tom Knutzen |
Deputy Chairman |
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|
Tom Knutzen |
Member of the board |
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|
Hans Per Martin Ivert |
Member of the board |
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|
Sten Erik Jakobsson |
Member of the board |
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Caroline Gregoire Sainte Marie |
Member of the board |
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|
Mette Dobel |
Elected by employees |
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|
Jens Peter Koch |
Elected by employees |
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|
Soren Quistgaard Larsen |
Elected by employees |
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|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Oppenheimer Funds Inc |
|
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Subsidiaries |
|
|
Name |
Country |
|
NL Supervision Company A/S |
DENMARK |
|
Redep A/S |
DENMARK |
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FLSMIDTH Real Estate A/S |
DENMARK |
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FLS Plast A/S |
DENMARK |
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Aktieselskabet af 1. Januar 1990, Valby |
DENMARK |
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DEF 1994 A/S |
DENMARK |
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Cembrit Holding A/S |
DENMARK |
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SLF Romer XV ApS |
DENMARK |
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FLSmidth Finans A/S |
DENMARK |
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Essa Australia Limited |
AUSTRALIA |
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Flsmidth Dorr-Oliver Eimco Venezuel |
VENEZUELA |
|
Flsmidth S.A.C. |
PERU |
|
Phillips Kiln Services Ltd. |
UNITED STATES |
|
Transweigh India Ltd. |
INDIA |
|
Lfc International Engineering Jsc |
VIET NAM |
|
The Pennies and Pounds Holding Inc. |
PHILIPPINES |
|
Euroslot KDSS |
SOUTH AFRICA |
|
Mayer Bulk Pty. Ltd: |
AUSTRALIA |
|
Decanter Machine Inc. |
UNITED STATES |
|
Darimec S.R.L. |
ITALY |
|
NLS-SSBIL FCZ |
UNITED ARAB EMIRATES |
|
Knelson Group |
CANADA |
|
Knelson Russia |
RUSSIAN FEDERATION |
|
Process Engineering Resources Inc. |
UNITED STATES |
|
FlSmidt Finans A/S |
DENMARK |
|
FlSmidth (Beijing) Ltd. |
CHINA |
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FlSmidth Dorr-Oliver Eimco S.A de C |
MEXICO |
|
MIE Enterprice Pty. Ltd. |
AUSTRALIA |
|
Ludowici Limited |
AUSTRALIA |
|
Teutrine Gmbh Industie-Technik |
GERMANY |
|
Fls Eurasia Ag |
SWITZERLAND |
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Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
4 |
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2012 |
2 |
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2011 |
2 |
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Real Estate |
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Real Estate |
No |
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Other Trading Names |
|
|
Type |
Name |
|
Business name |
F.L.Smidth & Co. A/S |
|
Business name |
FLS Industriels A/S |
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Additional Accounts Information |
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Date Format |
MM-DD |
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Accounts Start Date |
01-01 |
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Accounts End Date |
12-31 |
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Additional Accounts Notes |
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Notes Date |
Notes Detail |
|
2013-01-01T00:00:00 |
In the financial statement of 2013 attention is drawn to leasing commitments. |
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Other Trading Names |
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|
Type |
|
|
Business name |
F.L.Smidth & Co. A/S |
|
Business name |
FLS Industriels A/S |
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|
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Other Information |
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|
Type |
Text |
|
Historical data |
The company was formed in 1925 under the name of "FL Schmidt & Co A/S", but in 1989 it changed its name to the present one. |
|
Historical data |
The company was originally formed 1924-12-31, and 1999-03-09 it merged with FLS International A/S (reg.nr. 61.188), the registered company being the continuing one. |
|
Historical data |
The company merged on 02-05-2001 with Aalborg Portland Holding A/S (cvr.nr. 63001015) , the registered company being the continuing one. |
|
Historical data |
The company merged on 2006-08-08 with Potagua FLS A/S (28717822) , the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
UK Pound |
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.