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MIRA INFORM REPORT
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Report No. : |
500228 |
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Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TWIN DISC, INCORPORATED |
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Registered Office : |
Registered Agent: Thomas E Valentyn, 1328 Racine St Racine, WI 53403, USA |
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Country : |
United States |
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Financials (as on) : |
30.06.2017 |
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Date of Incorporation : |
12.09.1918 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is an
international manufacturer and worldwide distributor of heavy-duty
off-highway and marine power transmission equipment and related products. |
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No. of Employees : |
672 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a
per capita GDP of $57,300. US firms are at or near the forefront in
technological advances, especially in computers, pharmaceuticals, and medical,
aerospace, and military equipment; however, their advantage has narrowed since
the end of World War II. Based on a comparison of GDP measured at purchasing
power parity conversion rates, the US economy in 2014, having stood as the
largest in the world for more than a century, slipped into second place behind
China, which has more than tripled the US growth rate for each year of the past
four decades.
In the US, 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, businesses face higher barriers to enter their rivals' home
markets than foreign firms face entering US markets.
Long-term problems for the US 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.
The onrush of technology has been a driving factor in 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. But the globalization of trade, and especially
the rise of low-wage producers such as China, has put additional downward
pressure on wages and upward pressure on the return to capital. 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 and oil has a
major impact on the overall health of the economy. 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. Because the US economy is energy-intensive, falling oil prices since
2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank
failures, tight credit, and the global economic downturn pushed the US 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, the US Congress established a $700 billion
Troubled Asset Relief Program (TARP) in October 2008. 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,
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. US revenues from taxes and
other sources are lower, as a percentage of GDP, than those of most other
countries.
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 2014, the direct costs of the wars totaled
more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection
and Affordable Care Act, a health insurance reform that was designed to extend
coverage to an additional 32 million Americans by 2016, through private health
insurance for the general population and Medicaid for the impoverished. Total spending
on healthcare - 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 (Fed) 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 dropped below 6.5% or inflation rose above 2.5%. In
late 2013, the Fed announced that it would begin scaling back long-term bond
purchases to $75 billion per month in January 2014 and further reduce them as
conditions warranted; the Fed ended the purchases during the summer of 2014. In
2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by
mid-2015, the lowest rate of joblessness since before the global recession
began; inflation stood at 1.7%, and public debt as a share of GDP continued to
decline, following several years of increases. In December 2015, the Fed raised
its target for the benchmark federal funds rate by 0.25%, the first increase
since the recession began. With US GDP growth below 2%, the Fed opted to raise
rates three times since then, and in mid-June 2017, the range for the target
rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Address
in the order: |
4600 21st
Street Racine WI 53405-3698 USA United
States The
address in the order corresponds to the manufacturing headquarters of the
company. |
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Legal
Name: |
TWIN DISC, INCORPORATED |
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Trade
Name: |
TWIN DISC, INCORPORATED |
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ID: |
1T00778 |
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Date
Created: |
1918 |
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Date
Incorporated: |
September 12, 1918 |
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Legal
Address: |
Registered Agent: Thomas E Valentyn 1328 Racine St Racine, WI 53403 USA |
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Operative
Address: |
1328 Racine Street Racine, Wisconsin 53403 United States of America |
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Telephone:
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262-638-4000 |
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Fax: |
262-638-4481 |
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Legal
Form: |
Corporation |
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Email: |
info@twindisc.com marketing@twindisc.com becerra.elias@twindisc.com |
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Registered
in: |
Wisconsin (WI) |
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Website:
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www.ir.twindisc.com |
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Contact: |
John H. Batten, President, Chief Executive
Officer & Director Jeffrey S. Knutson, Vice President of
Finance, Chief Financial Officer, Treasurer & Secretary Malcolm F. Moore, Executive Vice President
& Chief Operations Officer |
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Staff:
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672 |
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Activity: |
SIC 2 Description: Industrial And
Commercial Machinery And Computer Equipment SIC 4 Description: Power Transmission
Equipment, Nec |
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BANKS
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Credit
Agreement Between Twin Disc, Incorporated and Bank of Montreal, dated April 22,
2016 (Incorporated by reference
to Exhibit 10.1 of the Company’s Form 8-K dated April 26, 2016). File No.
001-07635. Security
Agreement Between Twin Disc, Incorporated, Mill-Log Equipment Co., Inc., and
Bank of Montreal, dated April
22, 2016 (Incorporated by reference to Exhibit 10.2 of the Company’s Form 8-K
dated April 26, 2016). File
No. 001-07635. IP Security
Agreement Between Twin Disc, Incorporated and Bank of Montreal, dated April
22, 2016 (Incorporated
by reference to Exhibit 10.3 of the Company’s Form 8-K dated April 26, 2016). File No.
001-07635. Pledge
Agreement Between Twin Disc, Incorporated, Mill-Log Equipment Co., Inc. and
Bank of Montreal, dated April
22, 2016 (Incorporated by reference to Exhibit 10.4 of the Company’s Form 8-K
dated April 26, 2016). File
No. 001-07635. Guaranty
Agreement Between Mill-Log Equipment Co., Inc. and Bank of Montreal, dated
April 22, 2016 (Incorporated
by reference to Exhibit 10.5 of the Company’s Form 8-K dated April 26, 2016). File No.
001-07635. Guarantor
Security Agreement Between Mill-Log Equipment Co., Inc. and Bank of Montreal,
dated April 22, 2016
(Incorporated by reference to Exhibit 10.6 of the Company’s Form 8-K dated
April 26, 2016). File No.
001-07635. Negative
Pledge Agreement Between Twin Disc, Incorporated and Bank of Montreal, dated
April 22, 2016 (Incorporated
by reference to Exhibit 10.7 of the Company’s Form 8-K dated April 26, 2016). File No.
001-07635 |
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HISTORY
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The company
was founded in 1918 |
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Key
Developments: |
1918: P.H.
Batten and partners introduce the first “twin disc” clutch for farm tractors
and, soon after, construction equipment. In ensuing years the company
develops marine transmissions, industrial torque converters and other
products. 1948: John
H. Batten takes the reins and leads development of drivelines and power-shift
transmissions. 1960s and
1970s: Twin Disc grows significantly as construction booms. John H. Batten
leads international expansion in both manufacturing and distribution. 1983:
Michael Batten is elected president and CEO. In the depths of recession, he
refocuses Twin Disc’s product and market strategies and restructures
manufacturing. 1990s:
Twin Disc leads or is a major player in each of its market segments. The
product mix grows with new technologies such as electronic controls and
propulsion products. 2008: John
Batten is named president and chief operating officer, the fourth generation
of Batten leadership. He succeeds Michael Batten as president and CEO in
2013. 2015: In
the face of global economic extremes and increasing competition, John Batten
leads diversification of the Twin Disc portfolio with aggressive growth
initiatives in new and emerging industrial product markets, strategic
acquisitions, and a “think global, act local” restructuring. Twin Disc,
Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter
and First Half Ended December 30, 2017; Provides Capital Expenditures
Guidance for the Fiscal Year 2018 Feb 2 18 Twin Disc Inc.
reported unaudited consolidated earnings results for the second quarter and
first half ended December 30, 2017. For the quarter, the company's sales were
$56,546,000, compared to $33,672,000 for the same period last year. Income
from operations was $2,027,000, compared to loss of $4,427,000 for the same
period last year. Net loss attributable to the company was $4,113,000,
compared to $2,912,000 for the same period last year. Basic and diluted loss
per share attributable to the company was $0.36 compared to $0.26 for the
same period last year. For the six months, the company's sales were
$101,611,000, compared to $69,507,000 for the fiscal 2016 first half. Income
from operations was $1,036,000, compared to loss of $7,987,000 for the same
period last year. Net loss attributable to company was $722,000, compared to
$5,608,000 for the same period last year. Basic and diluted loss per share
attributable to the company was $0.06 compared to $0.50 for the same period
last year. Net cash provided by operating activities was $3,812,000, compared
to net cash used in operating activities of $2,439,000 for the same period
last year. Acquisitions of fixed assets were $3,013,000 compared with
$1,094,000 a year ago. Effective tax rate was 204.0%, compared to the fiscal
2017 first half rate of 28.8%. The company expects to invest approximately
$7,000,000 to $9,000,000 in total fiscal 2018. Twin Disc,
Incorporated to Report Q2, 2018 Results on Feb 02, 2018 Jan 26 18 Twin Disc,
Incorporated announced that they will report Q2, 2018 results at 9:00 AM,
Eastern Standard Time on Feb 02, 2018 Twin Disc,
Incorporated, Q2 2018 Earnings Call, Feb 02, 2018 Jan 26 18 Twin Disc,
Incorporated, Q2 2018 Earnings Call, Feb 02, 2018 |
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PRINCIPAL
ACTIVITY
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Twin Disc,
Incorporated is an international manufacturer and worldwide distributor of
heavy-duty off-highway and marine power transmission equipment and related
products. |
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Products/Services description: |
Twin Disc,
Incorporated designs, manufactures, and sells marine and heavy duty
off-highway power transmission equipment worldwide. The company operates
through two segments, Manufacturing and Distribution. It offers marine
transmissions, surface drives, propellers, and boat management systems; and
power-shift transmissions, hydraulic torque converters, power take-offs,
industrial clutches, and controls systems. The company also provides non-twin
disc manufactured products. It serves customers primarily in the commercial,
pleasure craft, and military marine markets, as well as in the energy and
natural resources, government, and industrial markets through a direct sales
force and distributor network. MARINE
PRODUCTS Veth
Thrusters Transmissions Propulsion
Control Systems Steering
Systems Trim Tabs Propulsion Marine Control
Drives Pump
Drives Power
Take-Offs LAND-BASED
PRODUCTS Power-Shift
Transmissions Power
Take-Offs Pump
Drives Clutches Gear Boxes Electronic
Control System Torque
Converters Universal
Control Drives ENGINEERING
SOLUTIONS |
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Brands: |
QuickShift Express Arneson Rolla Power Commander |
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Sales are: |
Wholesale and Retail |
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Clients: |
Principal markets are:
construction equipment, industrial equipment, government, marine, energy and
natural resources and agriculture. TRANSMISIONES DIESEL S.A.S. TRANSMIDIESEL
SAS Colombia Merex Diesel Power Partes Internacionales
sa De Cv Mexico EMPRESAS MATCO SA CV Mexico Ramos Toscano Javier Patricio Ecuador |
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Suppliers: |
WARENPARS India Ackura Machining Solutions India Twin Disc Nico Co Ltd Japan Skf Sealing Solutions S.A. De
C.V. Mexico |
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Operations area: |
National and International |
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The company imports from |
India, Japan and Mexico |
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The company exports to |
Worldwide |
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The subject
employs |
672 employees |
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Payments:
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Slow but correct |
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LOCATION
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Headquarters
: |
1328 Racine Street Racine, Wisconsin 53403 United States of America |
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Comments: |
NA |
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Branches: |
MANUFACTURING HEADQUARTERS 4600 21st Street Racine, Wisconsin, 53405 United States of America Phone 262) 554-0640 |
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Main
Competitors |
Federal-Mogul LLC Company Information 27300 W 11 Mile Rd Ste 101 Southfield, MI, 48034 United
States (248) 354-7700 http://www.federalmogul.com ZF Friedrichshafen AG Company Information Löwentaler Str. 20 Friedrichshafen,
Baden-Württemberg, 88046 Germany +49-754-1770 |
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Related
Companies: |
Sales Offices MILL LOG WILSON EQUIPMENT LTD 3804 – 53rd Avenue Edmonton, Alberta T6B 3N7 Canada Phone: (780) 434-9578 Telefax: (780) 438-3133 E-mail: sales@milllog.com MILL LOG MARINE 6741 Cariboo Rd., Unit 205 Burnaby, British Columbia V3N
4A3 Canada Phone: (604) 879-6731 Telefax: (604) 879-6744 E-mail: sales@milllog.com MILL LOG MARINE, INC. (SEATTLE) 18547 E. Valley Highway Kent, WA 98032 United States of America Phone: (425) 251-3434 Telefax: (425) 251-3430 E-mail: sales@milllog.com |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
YES: (TWIN) NasdaqGS |
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Market Capital: (All numbers in USD) |
263.904M |
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Shares: (All numbers in USD) |
Average Basic Shares
Outstanding: 11,239,474 Average Diluted Shares
Outstanding: 11,239,474 At August 24, 2017, the
registrant had 11,572,523 shares of its common stock outstanding |
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SHAREHOLDERS Direct Holders: (All numbers in USD) |
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SHAREHOLDERS Top Institutional and Top Mutual Fund Holders: (All
numbers in USD) |
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Subsidiaries: |
1. Twin Disc International,
S.P.R.L. (a Belgian corporation) 2. Twin Disc Srl (an Italian
corporation) 3. Rolla Sp Propellers SA (a Swiss
corporation) 4. Twin Disc (Pacific) Pty.
Ltd. (an Australian corporation) 5. Twin Disc (Far East) Ltd. (a
Delaware corporation operating in Singapore and Hong Kong) 6. Twin Disc (Far East) Pte.
Ltd. (a Singapore corporation) 7. Mill‑Log
Equipment Co., Inc. (an Oregon corporation) 8. Mill-Log Wilson Equipment
Ltd. (a Canadian corporation) 9. Twin Disc Japan (a Japanese
corporation) 10. Twin Disc Power
Transmission Private, Ltd. (an Indian limited liability corporation) 11. Twin Disc Power
Transmission (Shanghai) Co. Ltd. (a Chinese corporation) 12. Twin Disc Netherlands
Holdings, BV (a Netherlands corporation) Twin Disc, Incorporated also
owns 66% of Twin Disc Nico Co. LTD. (a Japanese corporation) |
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Management: |
John H. Batten, President, Chief
Executive Officer & Director Jeffrey S. Knutson, Vice
President of Finance, Chief Financial Officer, Treasurer & Secretary Malcolm F. Moore, Executive
Vice President & Chief Operations Officer Denise L. Wilcox, Vice
President of Human Resources Dean J. Bratel, Vice President
of Sales & Applied Technology Michael Doar, Director Janet P. Giesselman, Director David W. Johnson, Director David B. Rayburn, Director Michael C. Smiley, Director Harold M. Stratton II, Director |
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FINANCIAL
INFORMATION
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We attach the latest financial statements of the company. |
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LEGAL
FILINGS
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Patents: |
Multi-plate
clutch having means to prevent plate flutter Patent
number: 4068747 Abstract: Means
to prevent flutter of the interleaved clutch plates of a clutch including
clutch plates having their peripheries formed as non-circular members. The
outer periphery of the clutch plates are formed with flat portions or spots
which act as cams when the adjacent discs rotate relative to each other and
whereby they resist the tendency to flutter. The clutch plates are formed so
that a continuous circular surface no longer exists on the periphery of the
plates and in effect a series of cams are provided which tend to drive the
clutch plate to a neutral or no-force position. Type: Grant Filed:
September 23, 1976 Date of
Patent: January 17, 1978 Assignee:
Twin Disc, Incorporated Inventor:
Joseph B. Snoy Internally-actuating
and self-adjusting PTO clutch assembly Patent
number: 5533603 Abstract: A
PTO clutch assembly includes coaxial primary and secondary clutches and in
use is initially externally actuated but primarily internally-actuating so as
to require relatively low manual or other external actuating forces to engage
the clutch assembly--the major portion of the actuating forces being imposed
internally by the engine flywheel or the like after imposition of the
external forces. The resulting clutch assembly, utilizing the engine flywheel
for the major portion of engagement forces, requires only a fraction of the
external actuating forces required by conventional over-center clutch
assemblies of comparable capacity. The clutch assembly is also partially
self-adjusting, with wear of the primary clutch disc stack being compensated
through increased axial movement of the actuator for the primary clutch. Type: Grant Filed: March
8, 1995 Date of
Patent: July 9, 1996 Assignee:
Twin Disc, Incorporated Inventors:
Joseph C. Terranova, Daniel J. Nemecek Automatic
self-adjusting plate type clutch Patent
number: 4189043 Abstract: A
friction plate-type clutch of the over-center type and having automatic
adjusting means which is designed to sense cluth engaging force and make
incremental clutch adjustments when the engaging force drops below a
predetermined value. Type: Grant Filed:
February 17, 1978 Date of
Patent: February 19, 1980 Assignee:
Twin Disc, Incorporated Inventor:
Horst G. Steinhagen Vibration resistant
mechanical clutch Patent
number: 4016962 Abstract: A
friction plate clutch for attachment to an internal combustion engine is
protected against vibration induced wear of loosely interfitted parts thereof
by spring devices which keep the parts yieldingly in firm contact with each
other. Type: Grant Filed:
November 3, 1975 Date of
Patent: April 12, 1977 Assignee:
Twin Disc, Incorporated Inventor:
James B. Black Friction
clutch having a centrifugally actuated hydraulic control valve Patent
number: 4249647 Abstract: A
hydraulically actuated friction plate type clutch having a centrifugally
actuated valve for controlling the amount of modulation or engagement of the
friction clutch, and apparatus such as a counterweight for counteracting the centrifugal
force characteristics of the shiftable valve parts so that the capacity of
the clutch remains substantially the same at all centrifugal speeds. Type: Grant Filed:
February 1, 1979 Date of
Patent: February 10, 1981 Assignee:
Twin Disc, Incorporated Inventors:
Joseph B. Snoy, Richard D. Preston Trunnion
seal and cross venting system for a cardan-type universal joint Patent
number: 4419086 Abstract: A
mechanical, metal face type seal, lubrication and venting system for a
universal joint of the type having a cross-shaped trunnion body with
cylindrical bushings located at the outer ends of each of the trunnions. The
seals consist of a metal face type seal having a pair of face seals with a
bias that provides seal sealing of internal pressure. An elastomeric seal is
provided and functions as a static seal. Type: Grant Filed:
September 11, 1981 Date of
Patent: December 6, 1983 Assignee:
Twin Disc, Incorporated Inventor:
William T. Condon Interleaved
friction plate clutch having means to prevent plate wobble Patent
number: 4372434 Abstract: A
multiple, interleaved friction plate clutch in which the clutch plates have a
fluid seal between them to permit fluid pressure to be built up in the space
between the plates when they are in the clutch released, separated position,
the plate sets are counter-rotating, and the head of oil built up between the
plates positively holds both sets of clutch plates normal to the axis of
rotation of the clutch and thereby prevents the plates from fluttering,
wobbling or having other gyroscopic instabilities. Type: Grant Filed:
January 28, 1981 Date of
Patent: February 8, 1983 Assignee:
Twin Disc, Incorporated Inventor:
George R. Aschauer Ship
propulsion transmission having a torque converter for driving a fixed pitch
propeller in reverse Patent
number: 4305710 Abstract: A
propulsion transmission for driving a fixed pitch propeller of a ship, the
transmission including a prime mover, that is a power source, such as a gas
turbine engine, or a diesel engine for example, and also having a
disengageable clutch between the prime mover and the propeller and for
transmitting power to the propeller for driving it in a forward direction.
The transmission also includes a hydraulic torque converter of the single
stage, fixed housing type and which is connected between the prime mover and
the propeller for driving the propeller in the reverse direction when the
disengageable clutch is inoperative. Type: Grant Filed: June
13, 1979 Date of
Patent: December 15, 1981 Assignee: Twin
Disc, Incorporated Inventor:
Raymond C. Schneider Vehicle
transmission system and a single lever control device therefor Patent
number: 4442730 Abstract: A
transmission system for a vehicle such as a farm tractor comprises a
solenoid-operated reversible multispeed transmission (twelve speeds forward
and four reverse); an electronic control circuit for operating solenoids in
the transmission to effect shifting; and a single lever control device
including a manually operable control lever movable from neutral to forward
or reverse positions and between upshift and downshift directions when in
each position to operate electric switches which are connected to the
electronic control circuit to effect desired shifting of the transmission. Type: Grant Filed: August
31, 1981 Date of
Patent: April 17, 1984 Assignee:
Twin Disc, Incorporated Inventor:
Joseph B. Snoy Multi-speed
reversible transmission of countershaft construction Patent
number: 4549443 Abstract: A
power transmission utilizing only eleven gears and four shafts to obtain six
forward speeds, three reverse speeds, and an 19-inch drop from input to
output shafts. Optionally, there may be provided an inbuilt power-take-off
and brake uniquely located with an 8-inch drop from the input shaft. A power
transmission further expanded to obtain twelve forward speeds and six reverse
speeds with addition of (1) a low-range planetary system, and (2) a direct
clutch, each connectable between a journalled output gear to the output
shaft. Type: Grant Filed:
December 7, 1983 Date of
Patent: October 29, 1985 Assignee:
Twin Disc, Incorporated Inventor:
Basil White Shaft brake
for marine propulsion system Patent
number: 4451238 Abstract: A
marine propulsion system for a water craft comprises a relatively large
engine or power plant and a power transmission including an output shaft for
driving the propeller. The power transmission includes forward and reverse
shafts, gear trains between these shafts and the output shaft, and clutches
for the forward and reverse shafts. A shaft brake is provided to stop
rotation of the output shaft for the propeller which minimizes damaging
shocks to the propulsion system which sometimes occur during maneuvering
operations. The brake is located concentrically with the forward shaft of the
power transmission and is effective to brake the propeller shaft through
interconnecting gears when both clutches are disengaged. Type: Grant Filed:
September 7, 1982 Date of
Patent: May 29, 1984 Assignee:
Twin Disc, Incorporated Inventor:
Bruce C. Arnold Interleaved
friction plate type clutch having clutch cooling passage means including a
reservoir, weir and slot Patent
number: 4313533 Abstract: An
interleaved friction plate clutch in which the interleaved clutch plates can
be clampingly engaged to transmit power between the clutch elements. Passage
means are provided for cooling and lubricating the surfaces of the clutch
plates, which includes a series of circumferentially spaced and axially
extending reservoirs located in the clutch hub and radially inwardly of the
clutch plates and also including a radially extending slot which extends
axially along the length of the reservoir and at one side of the reservoir so
as to form a weir therewith in which cooling fluid can accumulate and from
which a layer of fluid can then flow over the weir along the entire length of
the clutch assembly to thoroughly cool all of the clutch plates. Type: Grant Filed: May
12, 1980 Date of
Patent: February 2, 1982 Assignee:
Twin Disc, Incorporated Inventor:
George R. Aschauer Hydraulic
retarder for multi-speed power transmissions Patent
number: 4262781 Abstract: A
hydraulic retarder in conjunction with a multi-speed power transmission that
finds particular utility for off-highway trucks. The hydraulic retarder is
continuously filled with oil and is positioned in series with a hydraulically
actuated friction type clutch. The retarder remains filled at all times and
consequently there is no loss of time in filling or dumping the retarder when
it is desired to utilize its retarding action by engaging its clutch.This
"instantaneous" reaction to engagement and disengagement of the
retarder makes it possible to use this retarder in certain automatic modes
where conventional dump and fill hydrodynamic retardation devices are so slow
to react as to be difficult to apply. This retarder has clutched engagement
and disengagement. The torque capacity versus speed is varied through cavity
pressure control. Type: Grant Filed: July
17, 1979 Date of
Patent: April 21, 1981 Assignee:
Twin Disc, Incorporated Inventor:
Raymond C. Schneider Universal
joint slip spline connection having concentric one-way valves Patent
number: 4308729 Abstract: A
slip spline connection including a pair of concentric telescoping members for
connecting two universal joints for rotation together. The members and their
joints move axially toward and away from one another in operation, and define
a chamber therebetween which is subjected to a pumping action as the internal
volume of the chamber increases or decreases. A lubricant, such as oil is
provided in the chamber for lubricating the slideable spline connection
between the telescoping members. Two concentric one-way valves are provided
as a single unit, with a provision for air filtration, and is located along
the axis of rotation where it is not influenced by centrifugal force. As the
slip spline connection is compressed, air is expelled through one of the
valves, and as the slip spline connection is extended, the other valve acts
to permit air to enter the chamber. Type: Grant Filed: April
2, 1980 Date of
Patent: January 5, 1982 Assignee:
Twin Disc, Incorporated Inventor:
William T. Condon Hydraulically
controlled power transmission having friction plate clutches for selectively
engaging a plurality of change speed gears Patent
number: 4326433 Abstract: A
hydraulically controlled transmission for vehicles such as heavy-duty, high
horsepower, off-highway trucks, the transmission having a plurality of
selectively engagable change speed gears and hydraulically actuated friction
type clutches for selectively engaging the gears to provide various speed
ratios for the vehicle. The transmission includes a hydraulic control circuit
in communication with the clutches and a rotary range selector valve is
located in the circuit and driven in step-by-step increments by a geneva
wheel drive means. The arrangement insures that the transmission can be
shifted at only one speed range at a time and that an engaged speed range
will be released before another speed range is engaged. Type: Grant Filed:
September 7, 1979 Date of
Patent: April 27, 1982 Assignee:
Twin Disc, Incorporated Inventors:
James B. Black, Darwin D. Behlke, Horst G. Steinhagen Synchronized
clutch Patent
number: 5333712 Abstract: A
synchronized clutch for coupling a driven element to a drive element includes
an externally activated nonpositive coupling, and a positive coupling which
engages automatically when the driven element achieves a designated
operational state. The nonpositive coupling, preferably comprising at least one
friction element permitting some slippage between the drive and driven
elements, accelerates the driven element to a velocity which at least
approaches synchronization of the drive and driven elements. The positive
coupling preferably comprises a sliding drive ring which is responsive to
centrifugal weights to positively couple the drive and driven elements at a
designated velocity. The external forces actuating the nonpositive coupling
are preferably applied manually through a lever. Provision is preferably made
for the automatic disengagement of the clutch when the velocity of the driven
element decreases below a designated velocity. Type: Grant Filed: April
14, 1993 Date of
Patent: August 2, 1994 Assignee:
Twin Disc, Incorporated Inventors:
Janet M. Sabee, Joseph C. Terranova Power
takeoff straddle bearing Patent
number: 5400862 Abstract: A
straddle bearing incorporates a U-shaped frame receiving bearings which
support an output shaft of a PTO assembly. The bearings flank or straddle a
sheave or other drive member which is fixed to the output shaft. Radial loads
imposed on the drive member are transmitted to the U-frame as opposed to the
clutch and flywheel. The sheave and U-frame are dimensioned to permit
replacement of belts or other torque transfer elements without disassembling
the U-frame. In addition to being supported on the clutch housing, the
U-frame can be supported on a beam and/or a bracket connected to the prime
mover frame or a frame of the driven device. The configuration of the U-frame
permits adjustment of the orientation of the U-frame with respect to the
clutch housing, and also permits the mounting of an auxiliary drive member on
the output shaft. Type: Grant Filed: April
21, 1993 Date of
Patent: March 28, 1995 Assignee: Twin
Disc Incorporated Inventors:
Darwin D. Behlke, Joseph C. Terranova, Alvin G. Ziegler Hydraulically
operated friction clutch with shift shock prevention and method of using same Patent
number: 5651288 Abstract: A
transmission gear train has a clutch designed to minimize shift shock upon
engagement while still exhibiting relatively rapid initial engagement. To
this end, a face cavity is formed in the clutch actuating piston which acts
as an accumulator into which hydraulic fluid flows for a period of time after
initial clutch engagement. This fluid flow causes clutch pressure to be lower
than system main pressure while the accumulator is filling, thereby providing
a cushioning effect which reduces shift shock. Use of the accumulator or face
cavity eliminates the need for a stepped piston and the additional seals and
flow passages normally required for a stepped piston, thus simplifying clutch
manufacture and operation. Type: Grant Filed:
October 2, 1995 Date of
Patent: July 29, 1997 Assignee:
Twin Disc, Incorporated Inventor:
Glenn Eric Meeusen Modulatable
power transmission clutch Patent
number: 4186829 Abstract: A
modulatable power transmission clutch has a rotatable driving member, a
rotatable driven member, and slippingly engagable clutch plates between said
members which are movable into engagement by a fluid-applied spring-released
movable piston having two separate fluid application areas thereon, with one
area being larger than the other. Fluid is supplied directly to the smaller
piston area by an operator-controlled proportional solenoid valve to regulate
clutch modulation. Fluid flow to the larger piston area is controlled by a
spring-biased trigger valve which pops open when fluid pressure to the
smaller piston area reaches a predetermined level, to thereby effect maximum
clutch engagement. The trigger valve operates a dump valve which opens to
relieve fluid pressure on the larger piston area when the trigger valve
recloses in response to reduction of fluid pressure from the solenoid valve. Type: Grant Filed:
November 14, 1977 Date of
Patent: February 5, 1980 Assignee:
Twin Disc, Incorporated Inventors:
Raymond C. Schneider, Paul A. Pelligrino Marine
propulsion system Patent
number: 4459873 Abstract: A
propulsion transmission for a ship having a reversibly driven propeller shaft
with a fixed pitch propeller and a torque converter of the single stage and
fixed housing type for driving the propeller in the reverse direction. A
planetary gear system is provided for driving the ship in a forward direction
and a disengageable friction plate type brake is connected between the
transmission housing and the planetary gear system and for forward drive. The
brake is engaged to anchor a portion of the planetary gear system to drive
said propeller shaft in a forward direction. The brake is disengaged when the
torque converter is driving the propeller shaft in the reverse direction.One
embodiment of the invention also includes a friction plate type clutch
connected between the planetary gear system and the propeller shaft for
transmitting power to the propeller shaft in a forward direction when the
brake is disengaged. Type: Grant Filed:
February 22, 1982 Date of
Patent: July 17, 1984 Assignee:
Twin Disc, Incorporated Inventor:
James B. Black |
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Trademarks: |
TWIN DISC - Trademark Details Status: 800 - Registered And
Renewed Image for trademark with serial
number 72311086 Serial Number72311086 Registration Number0876913 Word Mark TWIN DISC Status800 - Registered And
Renewed Status Date2009-09-04 Filing Date1968-11-01 Registration Number0876913 Registration Date1969-09-16 Mark Drawing1000 - Typeset:
Word(s)/letter(s)/number(s) Typeset Attorney Name Patrick M. Bergin HEC - Trademark Details Status: 601 - Abandoned -
Express Image for trademark with serial
number 77118606 Serial Number77118606 Word Mark HEC Status601 - Abandoned - Express Status Date2007-12-14 Filing Date2007-02-28 Mark Drawing4000 - Standard
character mark Typeset Attorney Name Thaddeus
Stankowski Law Office Assigned Location
CodeL40 Employee Name MUNSON OTT, MARY
DEIRD TWIN DISC - Trademark Details Status: 900 - Expired Image for trademark with serial
number 71532408 Serial Number71532408 Registration Number0515274 Word Mark TWIN DISC Status900 - Expired Status Date2010-04-24 Filing Date1947-08-16 Registration Number0515274 Registration Date1949-09-20 Mark Drawing3U09 -
Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) 37.5% Reduction Design Searches181125, 260313, 260316,
260321 - Other parts of land vehicles, water vehicles or air vehicles,
including license plates. Two ovals. Ovals touching or intersecting. Ovals
that are completely or partially shaded. Attorney Name JAMES E. NILLES
& MICHAEL J. NILLES OMEGA DRIVES - Trademark
Details Status: 900 - Expired Image for trademark with serial
number 72323486 Serial Number72323486 Registration Number0888620 Word Mark OMEGA DRIVES Status900 - Expired Status Date2001-04-28 Filing Date1969-04-02 Registration Number0888620 Registration Date1970-03-31 Mark Drawing3T19 -
Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) 50% Reduction Design Searches280105 -
Inscriptions in Greek characters, including the following: Α α
Β β Γ γ Δ δ Ε ε Ζ ζ Η
η Θ θ Ι ι Κ κ Λ λ Μ μ
Ν ν Ξ ξ Ο ο Π π Ρ ρ ς
Σ σ Τ τ Υ υ Φ φ Χ χ Ψ
ψ Ω ω. Attorney Name JAMES E. NILLES TRANS-TARDER TWIN DISC POWER
TRANSMISSION EQUIPMENT - Trademark Details Status: 710 - Cancelled -
Section 8 Image for trademark with serial
number 73477560 Serial Number73477560 Registration Number1348915 Word Mark TRANS-TARDER TWIN
DISC POWER TRANSMISSION EQUIPMENT Status710 - Cancelled - Section
8 Status Date1992-01-07 Filing Date1984-04-27 Registration Number1348915 Registration Date1985-07-16 Mark Drawing3T09 -
Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) 50% Reduction Design Searches260321 - Ovals
that are completely or partially shaded. Published for Opposition
Date1985-05-07 Attorney Name MICHAEL J. NILES Law Office Assigned Location
Code580 |
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Lawsuits: |
Twin Disc, Inc. v. Big Bud Tractor, Inc.,
582 F. Supp. 208 (E.D. Wis. 1984) U.S. District Court for the Eastern
District of Wisconsin - 582 F. Supp. 208 (E.D. Wis. 1984) March 16, 1984 582 F. Supp. 208 (1984) TWIN DISC, INCORPORATED, a Wisconsin
corporation of Racine, Wisconsin, Plaintiff, v. BIG BUD TRACTOR, INCORPORATED, a Montana
corporation of Havre, Montana, Defendant and Third-Party Plaintiff, v. GRAD-LINE, INCORPORATED, a Washington corporation
of Woodenville, Washington, Third-Party Defendant. Civ. A. No. 80-C-643. United States District Court, E.D.
Wisconsin. March 16, 1984. *209 William J. French, Gibbs, Roper, Loots
& Williams, Milwaukee, Wis., for plaintiff. Michael H. Schaalman, Quarles & Brady,
Milwaukee, Wis., for defendant and third-party plaintiff. L. William Staudenmaier, Cook & Franke
S.C., Milwaukee, Wis., for third-party defendant. Frank Lowell, Plaintiff-appellant, v. Twin
Disc, Incorporated, Defendant-appellee, 527 F.2d 767 (2d Cir. 1975) Annotate this Case US Court of Appeals for the Second Circuit
- 527 F.2d 767 (2d Cir. 1975) Argued Oct. 17, 1975. Decided Nov. 18, 1975 Joseph M. Weitzman, New York City, for
plaintiff-appellant. Mark F. Hughes, New York City (Willkie,
Farr & Gallagher, Robert J. Kheel and Richard L. Feller, New York City,
of counsel), for defendant-appellee. Before MANSFIELD, TIMBERS and GURFEIN,
Circuit Judges. GURFEIN, Circuit Judge Twin Disc, Incorporated,
Plaintiff-appellee, Cross-appellant, v. Big Bud Tractor, Inc., Defendant and
Third-partyplaintiff-appellant, Cross- Appellee, v. Grad-line, Incorporated,
Third-party Defendant-appellee, 772 F.2d 1329 (7th Cir. 1985) Annotate this Case US Court of Appeals for the Seventh Circuit
- 772 F.2d 1329 (7th Cir. 1985) Argued Feb. 14, 1985. Decided Sept. 5, 1985 Stuart Parson, Quarles & Brady,
Milwaukee, Wis., for plaintiff-appellee, cross-appellant. Clay R. Williams, Gibbs, Roper, Loots &
Williams, L. William Staudenmaier, Brian C. Tyndale, Cook & Franke, S.C.,
Milwaukee, Wis., for defendant and third-party plaintiff-appellant,
cross-appellee. Before WOOD and FLAUM, Circuit Judges, and
PELL, Senior Circuit judge. FLAUM, Circuit Judge. |
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UCC: |
No records found |
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OFAC Sanctions List Search: |
The company is not listed
in the OFAC list. |
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SUMMARY
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Founded in
1918, Twin Disc, Incorporated is an international manufacturer and worldwide
distributor of heavy-duty off-highway and marine power transmission equipment
and related products. The company
has 672 full-time employees. The company
imports from India, Japan and Mexico, and exports worldwide, operating within
national and international markets. This has
been an ACTIVE company incorporated in WISCONSIN in 1918; with negative
profitability in its last financial figures. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we called the company several
times, we could not contact it. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.90 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.25 |
|
US Dollar |
1 |
INR 64.98 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.