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Report No. : |
311638 |
|
Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLSMIDTH A/S |
|
|
|
|
Formerly Known As : |
·
SLF Beta A/S ·
F.L. Smidth &
Co. AS
|
|
|
|
|
Registered Office : |
Vigerslev Alle
77, Valby 2500 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
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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 : |
·
Installation of
industrial machinery and equipment
|
|
|
|
|
No. of Employee : |
1518 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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, 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 |
15028882 |
|
Activity Code |
551020 |
|
Activity Description |
Conference
centres and course facilities |
|
Company Status |
Active
(Active) |
|
Latest Turnover Figure |
4.034.000.000
DKK |
|
Latest Shareholder Equity Figure |
4.527.000.000
DKK |
|
Business Name |
FLSmidth
A/S |
|
||
|
Registered Company Name |
FLSmidth
AS |
|
||
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Company Registration Number |
15028882 |
|
||
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Country |
DENMARK |
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||
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Date of Company Registration |
06/03/1991 |
|
||
|
Legal Form |
Limited
company |
|
||
|
Company Status |
Active
(Active) |
|
||
|
Currency of this Report |
DKK |
|
||
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Principal Activity Code |
551020 |
|
||
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Principal Activity Description |
Conference
centres and course facilities |
|
||
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Contact Address |
Vigerslev
Alle 77, Valby 2500 |
|
||
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Contact Telephone Number |
36181000 |
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Main Address |
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|
Address |
Country Telephone |
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Vigerslev
Alle 77, Valby 2500 |
DENMARK
36181000 |
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Activities Activity
Code |
Activity
Description |
|
||
|
551020 |
Conference
centres and course facilities |
|
||
|
332000 |
Installation
of industrial machinery and equipment |
|
||
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711220 |
Consulting
engineering activities within productio |
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Email Addresses info@flsmidth .com |
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|||
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Web Pages www.flsmidth
.com |
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Previous Names |
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|||
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SLF
Beta A/S |
|
|||
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F.L.
Smidth & Co. AS |
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|||
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F.L.
Smidth AS |
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Employee Information Year |
Number of Employees |
|
||
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2013 |
1518 |
|
||
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2012 |
1705 |
|
||
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2011 |
1566 |
|
||
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Real Estate Real
Estate |
No |
|
||
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Other Trading Names Type |
Name |
|
||
|
Business
name |
FFE Minerals AS |
|
||
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Business
name |
FFE Minerals Denmark AS |
|
||
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Business
name |
F.L.Smidth Airtech A/S |
|
||
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Business
name |
FLS Airloq AS |
|
||
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Business
name |
FLS Automation AS |
|
||
|
Business
name |
FLS Energy AS |
|
||
|
Business
name |
FLS Group AS |
|
||
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Business
name |
FLSairtech AS |
|
||
|
Business
name |
FLSmidth Airtech AS |
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||
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Business
name |
Flsmidth Airloq AS |
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||
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Business
name |
Flsmidth Energy AS |
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||
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Business
name |
Flsmidth Group AS |
|
||
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Business
name |
Flsmidth Minerals A/S |
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Business
name |
Flsmidth Technology AS |
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Business
name |
Flsmidth (Thailand) Ltd. A/S |
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Business
name |
Fuller AS |
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Type |
Name |
|
||
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Business
name |
International Engineering A/S |
|
||
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Business
name |
International Holding Company AS |
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Business
name |
Myfls AS |
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||
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Business
name |
S.A. Teknik Mariager AS |
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Business
name |
F.L. Smidth Minerals A/S |
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Business
name |
F.L.Smidth AS |
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||
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Business
name |
F.L. Smidth-Fuller Engineering AS |
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Business
name |
Valby Maskinfabrik AS |
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Business
name |
Ventomatic AS |
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Global Trading Information |
||||
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Export |
Worldwide |
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Import |
||||
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Other Information |
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Type |
Text |
|||
|
Historical
data |
The
company was formed in 1991 under the name of "SLF Beta AS", 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 AS" reg. 176.405. |
|||
|
Historical
data |
The
company has per 01.01.1997 transferred some of its former activities to MAAG
Gear AS, Reg.Nr.: 221.470. |
|||
|
Historical
data |
The company merged
on 09-07-2001 with F.L. Smidth-Fuller Engineering AS cvr. 15109076 , the
registered company being the continuing one. |
|||
|
Historical
data |
The
company merged on 09-07-2001 with Fuller AS 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 AS (Cvr. 15109084) , the registered company
being the continuing one. |
|||
|
Historical
data |
The company merged
on 30-10-2008 with FLSmidth Airtech AS (Cvr. 26527848) , the registered
company being the continuing one. |
|||
|
Historical
data |
The company merged
on 23-06-2009 with FLSmidth Minerals AS (Cvr. 16660299) , the registered
company being the continuing one. |
|||
|
Historical
data |
The
company merged on 23-06-2009 with FLSmidth AS (Cvr. 15028882) , the registered
company being the continuing one. |
|||
|
Historical
data |
The company merged
on 23-09-2009 with F L Smidth Airloq AS (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 |
|||
|
Date Format |
MM-DD |
|
Accounts Start Date |
01-01 |
|
Accounts End Date |
12-31 |
Profit
and Loss
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
4.034.000.000 |
4.012.000.000 |
4.131.000.000 |
|
Operating Profit |
-136.000.000 |
418.000.000 |
462.000.000 |
|
Retained Profit |
-3.000.000 |
1.659.000.000 |
374.000.000 |
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
TOTAL ASSETS |
8.636.000.000 |
9.706.000.000 |
9.073.000.000 |
|
Other Reserves |
4.527.000.000 |
5.531.000.000 |
4.362.000.000 |
|
Nominal Share Capital |
500.000.000
DKK |
|
|
Shareholder |
|
Address
% Shares Held |
|
FLSmidth
& Co. A/S |
|
Vigerslev
Alle 77 Valby 2500 DNK
100 |
|
Name |
|
Appointment Date Position |
|
||
|
Thomas
Schulz |
|
01/05/2013 Managing
director |
|
||
|
Bjarne
Moltke Hansen |
|
01/10/2005 General
manager |
|
||
|
Per
Mejnert Kristensen |
|
30/07/2013 General
manager |
|
||
|
Lars
Vestergaard |
|
01/04/2014 General
manager |
|
||
|
Vagn
Ove S0rensen |
|
06/05/2009
Chairman |
|
||
|
Name |
Appointment Date |
Position |
|||
|
Torkil
Bentzen |
30/01/2004 |
Deputy
Chairman |
|||
|
Hans
Per Martin Ivert |
29/04/2008 |
Member
of the board |
|||
|
Sten
Erik Jakobsen |
11/05/2011 |
Member
of the board |
|||
|
Caroline
Gregoire Sainte Marie |
16/04/2012 |
Member
of the board |
|||
|
Tom
Knutzen |
16/04/2012 |
Member
of the board |
|||
|
Mette
Dobel |
06/05/2009 |
Elected
by employees |
|||
|
Jens
Peter Koch |
10/04/2013 |
Elected
by employees |
|||
|
S0ren
Quistgaard Larsen |
10/04/2013 |
Elected
by employees |
|||
|
Jan
Amtoft |
05/02/2008 |
IT |
|||
|
Ultimate Holding Parent Ultimate Holding Company Name |
FLSmidth
& Co. A/S |
|
|||
|
Subsidiary Name |
Country |
|
|
FLS
EurAsia AG |
SWITZERLAND |
|
|
FLSmidth
Krebs GmbH |
AUSTRIA |
|
|
FLSmidth
Qingdao Ltd. |
CHINA |
|
|
FLSmidth
Ltda. |
BRAZIL |
|
|
FLSmidth
S.A. |
SPAIN |
|
|
FLSmidth
(Jersey) Limited |
UNITED KINGDOM |
|
|
Flsmidth
Tyskland A/S |
DENMARK |
|
|
FLSmidth
Argentina S.A |
ARGENTINA |
|
|
FLSmidth
Ltd. |
UNITED KINGDOM |
|
|
FLSmidth
MAAG Gear AG |
SWITZERLAND |
|
|
Pfister
Holding GmbH |
GERMANY |
|
|
FLSmidth
Ireland Limited |
IRELAND |
|
|
Flsmidth
Rusland Holding A/S |
DENMARK |
|
|
MAAG
Gear Systems AG |
SWITZERLAND |
|
|
LFC
International Engineering JSC |
VIET NAM |
|
|
Flsmidth
Solutions ApS |
DENMARK |
|
|
FLSmidth
Minerals Holding 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 |
|
|
The
Pennies and Pounds Holding Inc. |
PHILIPPINES |
|
|
There
are more than 25 entities. To see the full list, please view the website
report accompanying the PDF |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.75 |
|
|
1 |
Rs.94.60 |
|
Euro |
1 |
Rs.67.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.