| Industries |
|---|
| Construction and Engineering |
| Construction Materials |
| Construction and Farm Machinery and Heavy Trucks |
| Health Care Facilities |
| Home Improvement Retail |
| Independent Power Producers and Energy Traders |
| Food Distributors |
| Trading Companies and Distributors |
| Health Care Distribution and Services |
| Automobiles and Components |
| Electrical Components and Equipment |
| Automobile Manufacturers |
| Motorcycle Manufacturers |
| Asset Management and Custody Banks |
| Environmental Services |
| Exposures |
|---|
| Military |
| Political reform |
| Express intent |
| Intelligence |
| Regime |
| Rights |
| Cooperate |
| Provide |
| Leadership |
| Event Codes |
|---|
| Solicit support |
| Warn |
| Adjust |
| Yield to order |
| Host meeting |
| Defy norms |
| Psychological state |
| Human death |
| Sports contest |
| Vote |
| Accident |
| Threaten |
| Agree |
| Force |
| Wiki | Wiki Summary |
|---|---|
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Koch Industries | Koch Industries, Inc. () is an American privately held multinational conglomerate corporation based in Wichita, Kansas. |
| Hindalco Industries | Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. |
| Economics | An economy (from Ancient Greek οἰκονομία (oikonomía) 'management of a household, administration'; from οἶκος (oîkos) 'household', and νέμω (némō) 'distribute, allocate') is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. |
| Flight Facilities | Flight Facilities is an Australian electronic producer duo that also performs as Hugo & Jimmy. In 2009, they began mixing songs by other artists before crafting their own original material. |
| Essential facilities doctrine | The essential facilities doctrine (sometimes also referred to as the essential facility doctrine) is a legal doctrine which describes a particular type of claim of monopolization made under competition laws. In general, it refers to a type of anti-competitive behavior in which a firm with market power uses a "bottleneck" in a market to deny competitors entry into the market. |
| Attacks on U.S. diplomatic facilities | The United States maintains numerous embassies and consulates around the world, many of which are in war-torn countries or other dangerous areas.\n\n\n== Diplomatic Security ==\nThe Regional Security Office is staffed by Special Agents of the Diplomatic Security Service (DSS), and is responsible for all security, protection, and law enforcement operations in the embassy or consulate. |
| Management | Management (or managing) is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business. |
| Significant figures | Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures. |
| Significant form | Significant form refers to an aesthetic theory developed by English art critic Clive Bell which specified a set of criteria for what qualified as a work of art. |
| Significant Others | The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation. |
| The Simpsons | The Simpsons is an American animated sitcom created by Matt Groening for the Fox Broadcasting Company. The series is a satirical depiction of American life, epitomized by the Simpson family, which consists of Homer, Marge, Bart, Lisa, and Maggie. |
| Significant Mother | Significant Mother is an American television sitcom created by Erin Cardillo and Richard Keith. Starring Josh Zuckerman, Nathaniel Buzolic and Krista Allen, it premiered on The CW network on August 3 and ended its run on October 5, 2015. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Hartford Distributors shooting | The Hartford Distributors shooting was a mass shooting that occurred on August 3, 2010, in Manchester, Connecticut, United States. The location of the crime was a warehouse owned by Hartford Distributors, a beer distribution company. |
| Sony Pictures Motion Picture Group | Sony Pictures Entertainment Motion Picture Group (commonly known as Sony Pictures Motion Picture Group, formerly known as the Columbia TriStar Motion Picture Group until 2013, and abbreviated as SPMPG) is a division of Sony Pictures Entertainment to manage its motion picture operations. It was launched in 1998 by integrating the businesses of Columbia Pictures Industries, Inc. |
| Foodservice distributor | A food service distributor is a company that provides food and non-food products to restaurants, cafeterias, industrial caterers, hospitals, schools/colleges/universities, nursing homes, and anywhere food is served away from the home.\n\n\n== Description ==\nA food service distributor functions as an intermediary between food manufacturers and the food service operator (usually a chef, food service director, food and beverage manager, and independent food preparation businesses operator owners.) The distributor purchases, stores, sells, and delivers those products, providing food service operators with access to items from a wide variety of manufacturers. |
| Diamond Comic Distributors | Diamond Comic Distributors, Inc. (often called Diamond Comics, DCD, or casually Diamond) is an American comic book distributor serving retailers in North America and worldwide. |
| Competition | Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. |
| Competitive inhibition | Competitive inhibition is interruption of a chemical pathway owing to one chemical substance inhibiting the effect of another by competing with it for binding or bonding. Any metabolic or chemical messenger system can potentially be affected by this principle, but several classes of competitive inhibition are especially important in biochemistry and medicine, including the competitive form of enzyme inhibition, the competitive form of receptor antagonism, the competitive form of antimetabolite activity, and the competitive form of poisoning (which can include any of the aforementioned types). |
| Integrated development environment | An integrated development environment (IDE) is a software application that provides comprehensive facilities to computer programmers for software development. An IDE normally consists of at least a source code editor, build automation tools and a debugger. |
| Depositional environment | In geology, depositional environment or sedimentary environment describes the combination of physical, chemical, and biological processes associated with the deposition of a particular type of sediment and, therefore, the rock types that will be formed after lithification, if the sediment is preserved in the rock record. In most cases, the environments associated with particular rock types or associations of rock types can be matched to existing analogues. |
| Social environment | The social environment, social context, sociocultural context or milieu refers to the immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact. |
| Perfect competition | In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price. |
| Competition law | Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. |
| Monopolistic competition | Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. |
| Competition (biology) | Competition is an interaction between organisms or species in which both require a resource that is in limited supply (such as food, water, or territory). Competition lowers the fitness of both organisms involved, since the presence of one of the organisms always reduces the amount of the resource available to the other.In the study of community ecology, competition within and between members of a species is an important biological interaction. |
| Superintendent of police (India) | Superintendent of police or SP is a senior rank in Indian Police Service or IPS. Superintendent of Police in Hindi means पुलिस अधीक्षक. They have one Star and one Ashoka emblem on their shoulders and below IPS is written. |
| Order of Australia | The Order of Australia is an honour that recognises Australian citizens and other persons for outstanding achievement and service. It was established on 14 February 1975 by Elizabeth II, Queen of Australia, on the advice of the Australian Government. |
| Latin Extended Additional | Latin Extended Additional is a Unicode block.\nThe characters in this block are mostly precomposed combinations of Latin letters with one or more general diacritical marks. |
| International Standards on Auditing | International Standards on Auditing (ISA) are professional standards for the auditing of financial information. These standards are issued by the International Auditing and Assurance Standards Board (IAASB). |
| Vehicle insurance | Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. |
| Agile management | Agile management is the application of the principles of Agile software development to various management processes, particularly project management. Following the appearance of the Manifesto for Agile Software Development in 2001, Agile techniques started to spread into other areas of activity. |
| List of countries by military expenditures | This is a list of countries by military expenditure in a given year. Military expenditure figures are presented in United States dollars based on either constant or current exchange rates. |
| United States House Committee on Oversight and Reform | The Committee on Oversight and Reform is the main investigative committee of the United States House of Representatives.\nThe committee's broad jurisdiction and legislative authority make it one of the most influential and powerful panels in the House. |
| Risk Factors |
|---|
| YALE INDUSTRIAL PRODUCTS INC ITEM 1A RISK FACTORS Columbus McKinnon is subject to a number of risk factors that could negatively affect our results from business operations or cause actual results to differ materially from those projected or indicated in any forward looking statement |
| Such factors include, but are not limited to, the following: OUR BUSINESS IS CYCLICAL AND IS AFFECTED BY INDUSTRIAL ECONOMIC CONDITIONS, AND OVER THE PAST SEVERAL YEARS WE EXPERIENCED SUBSTANTIALLY REDUCED DEMAND FOR OUR PRODUCTS Many of the end-users of our products are in highly cyclical industries, such as general manufacturing and construction, that are sensitive to changes in general economic conditions |
| Their demand for our products, and thus our results of operations, is directly related to the level of production in their facilities, which changes as a result of changes in general economic conditions and other factors beyond our control |
| In fiscal 2003 and 2004, for example, we experienced significantly reduced demand for our products, generally as a result of the global economic slowdown, and more specifically as a result of the dramatic decline in capital goods spending in the industries in which our end-users operate |
| These lower levels of demand resulted in a 24dtta2prca decline in net sales from fiscal 2001 to fiscal 2004, from dlra586dtta2 million to dlra444dtta6 million |
| This decline in net sales resulted in a 54dtta6prca decrease in our income from operations during the same period |
| We have seen a significant improvement in demand for our products in fiscal 2005 and 2006 |
| If the current upturn does not continue or if there is deterioration in the general economy or in the industries we serve, our business, results of operations and financial condition could be materially adversely affected |
| In addition, the cyclical nature of our business could at times also adversely affect our liquidity and ability to borrow under our revolving credit facility |
| WE RELY IN LARGE PART ON INDEPENDENT DISTRIBUTORS FOR SALES OF OUR PRODUCTS We depend on independent distributors to sell our products and provide service and aftermarket support to our end-user customers |
| Distributors play a significant role in determining which of our products are stocked at the branch locations, and hence are most readily accessible to aftermarket buyers, and the price at which these products are sold |
| Almost all of the distributors with whom we transact business offer competitive products and services to our end-user customers |
| We do not have written agreements with our distributors located in the United States |
| The loss of a substantial number of these distributors or an increase in the distributors &apos sales of our competitors &apos products to our ultimate customers could materially reduce our sales and profits |
| Thus, a portion of our revenues (approximately dlra161dtta4 million in fiscal year 2006) is generated in foreign currencies, including principally the euro and the Canadian dollar, while a portion of the costs incurred to generate those revenues are incurred in other currencies |
| Since our financial statements are denominated in US dollars, changes in currency exchange rates between the US dollar and other currencies have had, and will continue to have, an impact on our earnings |
| Currency fluctuations may impact our financial performance in the future |
| 14 |
| In addition, we import a portion of our hoist product line from Asia, and sell our products to distributors located in approximately 50 countries |
| In fiscal year 2006, approximately 36prca of our net sales were derived from non-US markets |
| These international operations are subject to a number of special risks, in addition to the risks of our domestic business, including currency exchange rate fluctuations, differing protections of intellectual property, trade barriers, labor unrest, exchange controls, regional economic uncertainty, differing (and possibly more stringent) labor regulation, risk of governmental expropriation, domestic and foreign customs and tariffs, current and changing regulatory environments, difficulty in obtaining distribution support, difficulty in staffing and managing widespread operations, differences in the availability and terms of financing, political instability and risks of increases in taxes |
| Also, in some foreign jurisdictions we may be subject to laws limiting the right and ability of entities organized or operating therein to pay dividends or remit earnings to affiliated companies unless specified conditions are met |
| These factors may adversely affect our future profits |
| Part of our strategy is to expand our worldwide market share and reduce costs by strengthening our international distribution capabilities and sourcing basic components in foreign countries, in particular in Mexico and China |
| Implementation of this strategy may increase the impact of the risks described above, and we cannot assure you that such risks will not have an adverse effect on our business, results of operations or financial condition |
| OUR BUSINESS IS HIGHLY COMPETITIVE AND INCREASED COMPETITION COULD REDUCE OUR SALES, EARNINGS AND PROFITABILITY The principal markets that we serve within the material handling industry are fragmented and highly competitive |
| Competition is based primarily on performance, functionality, price, brand recognition, customer service and support, and product availability |
| Our competition in the markets in which we participate comes from companies of various sizes, some of which have greater financial and other resources than we do |
| Increased competition could force us to lower our prices or to offer additional services at a higher cost to us, which could reduce our gross margins and net income |
| The greater financial resources or the lower amount of debt of certain of our competitors may enable them to commit larger amounts of capital in response to changing market conditions |
| Certain competitors may also have the ability to develop product or service innovations that could put us at a disadvantage |
| In addition, some of our competitors have achieved substantially more market penetration in certain of the markets in which we operate, including crane building |
| If we are unable to compete successfully against other manufacturers of material handling equipment, we could lose customers and our revenues may decline |
| There can also be no assurance that customers will continue to regard our products favorably, that we will be able to develop new products that appeal to customers, that we will be able to improve or maintain our profit margins on sales to our customers or that we will be able to continue to compete successfully in our core markets |
| OUR PRODUCTS INVOLVE RISKS OF PERSONAL INJURY AND PROPERTY DAMAGE, WHICH EXPOSES US TO POTENTIAL LIABILITY Our business exposes us to possible claims for personal injury or death and property damage resulting from the products that we sell |
| We maintain insurance through a combination of self-insurance retentions and excess insurance coverage |
| We monitor claims and potential claims of which we become aware and establish accrued liability reserves for the self-insurance amounts based on our liability estimates for such claims |
| We cannot give any assurance that existing or future claims will not exceed our estimates for self-insurance or the amount of our excess insurance coverage |
| In addition, we cannot give any assurance that insurance will continue to be available to us on economically reasonable terms or that our insurers would not require us to increase our self-insurance amounts |
| Claims brought against us that are not covered by insurance or that result in recoveries in excess of insurance coverage could have a material adverse effect on our results and financial condition |
| 15 |
| The steel industry as a whole is highly cyclical, and at times pricing can be volatile due to a number of factors beyond our control, including general economic conditions, labor costs, competition, import duties, tariffs and currency exchange rates |
| During 2004, the market price of steel increased significantly but has stabilized, or even decreased in some steel categories during 2005 and 2006 |
| This volatility can significantly affect our raw material costs |
| In an environment of increasing raw material prices, competitive conditions will determine how much of the steel price increases we can pass on to our customers |
| During 2004 through 2006, we were successful in adding and maintaining a surcharge to the prices of our high steel content products or incorporating them as price increases, reflecting the increased cost of steel |
| In the future, to the extent we are unable to pass on any steel price increases to our customers, our profitability could be adversely affected |
| WE DEPEND ON OUR SENIOR MANAGEMENT TEAM AND THE LOSS OF ANY MEMBER COULD ADVERSELY AFFECT OUR OPERATIONS Our success is dependent on the management and leadership skills of our senior management team |
| The loss of any of these individuals or an inability to attract, retain and maintain additional personnel could prevent us from implementing our business strategy |
| We cannot assure you that we will be able to retain our existing senior management personnel or to attract additional qualified personnel when needed |
| Effective August 4, 2005, our former Chief Financial Officer, Robert R Friedl, resigned as an employee of the company |
| We have not entered into employment agreements with any of our senior management personnel |
| WE ARE SUBJECT TO VARIOUS ENVIRONMENTAL LAWS WHICH MAY REQUIRE US TO EXPEND SIGNIFICANT CAPITAL AND INCUR SUBSTANTIAL COST Our operations and facilities are subject to various federal, state, local and foreign requirements relating to the protection of the environment, including those governing the discharges of pollutants in the air and water, the generation, management and disposal of hazardous substances and wastes and the cleanup of contaminated sites |
| We have made, and will continue to make, expenditures to comply with such requirements |
| Violations of, or liabilities under, environmental laws and regulations, or changes in such laws and regulations (such as the imposition of more stringent standards for discharges into the environment), could result in substantial costs to us, including operating costs and capital expenditures, fines and civil and criminal sanctions, third party claims for property damage or personal injury, clean-up costs or costs relating to the temporary or permanent discontinuance of operations |
| Certain of our facilities have been in operation for many years, and we have remediated contamination at some of our facilities |
| Over time, we and other predecessor operators of such facilities have generated, used, handled and disposed of hazardous and other regulated wastes |
| Additional environmental liabilities could exist, including clean-up obligations at these locations or other sites at which materials from our operations were disposed, which could result in substantial future expenditures that cannot be currently quantified and which could reduce our profits or have an adverse effect on our financial condition |