|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLSMIDTH A/S |
|
|
|
|
Registered Office : |
Vigerslev Alle 77, Valby 2500 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Date of Incorporation : |
06.03.1991 |
|
|
|
|
Com. Reg. No.: |
15028882 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
·
Mounting and delivery of ready-made production ·
Installation of industrial machinery and
equipment ·
Consulting engineering activities within
production |
|
|
|
|
No. of Employees : |
1705 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 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 |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
5.531.000 |
|
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 |
|
Activities |
|
|
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 Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
SLF Beta A/S |
|
|
F.L. Smidth & Co. A/S |
|
|
F.L. Smidth A/S |
|
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Vigerslev Alle 77, Valby 2500 |
DENMARK |
36181000 |
|
Email Addresses |
|
info@flsmidth.com |
|
Web Pages |
|
www.flsmidth.com |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Thomas Schulz |
Managing director |
|
|
Bjarne Moltke Hansen |
General manager |
|
|
Peter Flanagan |
General manager |
|
|
Per Mejnert Kristensen |
General manager |
|
|
Carsten Riisberg Lund |
General manager |
|
|
Lars Vestergaard |
General manager |
|
|
Vagn Ove Sørensen |
Chairman |
|
|
Torkil Bentzen |
Deputy Chairman |
|
|
Hans Per Martin Ivert |
Member of the board |
|
|
Sten Erik Jakobsen |
Member of the board |
|
|
Caroline Grégoire Sainte Marie |
Member of the board |
|
|
Tom Knutzen |
Member of the board |
|
|
Mette Dobel |
Elected by employees |
|
|
Jens Peter Koch |
Elected by employees |
|
|
Søren Quistgaard Larsen |
Elected by employees |
|
|
Jan Amtoft |
IT |
|
Na
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
500.000.000 |
Na
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
No information for this company. |
|
|
Subsidaries |
|
|
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 |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2012 |
2011 |
2010 |
|
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 |
2011 |
2010 |
|
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 |
|
Additional
Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
01-01 |
|
Accounts End Date |
12-31 |
|
Additional
Accounts Notes |
|
|
Notes Date |
Notes Detail |
|
2012-01-01T00:00:00 |
In the financial statement of 2012 attention is drawn to leasing
commitments. |
Na
Other Information
|
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 |
|
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 |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
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.