MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATLAS COPCO
COMPECT LLC |
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Registered Office : |
46 School Road, Voorheesville, NY 12186 |
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Country : |
United States |
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Date of Incorporation : |
07.12. 2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Air and Gas Compressors including Vacuum Pumps. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
ATLAS COPCO
COMPECT LLC
Address
46 School Road,
Voorheesville, NY 12186 – USA
Telephone : 518-765-3344
Fax : 518-765-3357
Website : www.atlascopco.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
3892289 Delaware LLC December 7, 2004 - - Mark STEVEN |
ACTIVITIES & OPERATIONS
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History: Business Staff: |
In 1980, Atlas Copco purchased Turbonetics, based in Voorheesville,
N.Y., and renamed the company Atlas Copco Comptec Inc., changed to Atlas Copco
Comptec LLC on December 2004. The Company is manufacture of air and gas compressors including vacuum
pumps. 240 |
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Operations & branches: |
At above address, we find a manufacture, warehouse and office, on 100,000
sq. feet, where are located several corporations of the group. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
ATLAS COPCO NORTH AMERICA INC. 34 Maple Ave. Sales 2007 : USD 499,300,000= Staff : 5,114 Atlas Copco North America operates throughout the US, Canada, and
Mexico for Swedish manufacturing giant Atlas Copco AG. The company's business includes manufacturing compressors and
generators, construction and mining equipment, and power tools. Its line of power tools features air assembly tools, grinders, drills,
air motors, hoists and trolleys, and related services. Demolition equipment, rock drills, blast hole drilling rigs, and
exploration drilling tools comprise a list of its mining and construction
products. Atlas Copco North America is a subsidiary of Atlas Copco AB SE-105 23 Stockholm, Sweden |
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Management : |
Mark STEVEN is the CEO. As far as we know, he is not involved in other local business. |
FINANCIALS
In United States, privately held corporations are not required to
publish any financials.
Sales declared for year 2007 is USD 30,000,000=
The business is profitable.
Banks
CitiBank
…
LEGAL FILINGS
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Legal
filings & complaints : |
As of today date, there is no legal filings pending with the District Courts. |
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Secured
debts summary (UCC) : |
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MARKET ANALYSIS & FORECAST
In the United States, during the year 2007:
- 84% of the corporations in same branch were developing the business on
a low risk of late payment,
- 12%, on a medium risk, and
- 4% on a high risk of late
payment.
- 16% of them saw sales stable versus last 3 years
- 84% declining
A high percentage of late payment may indicate that companies in this
industry are experiencing cash flow problems, that suppliers generally accept
late payment as part of doing business, or that on-time payment is not
customary in this industry.
Companies entering such markets should not expect to be paid on time.
The market appears to be slow.
COMPANY CREDIT HISTORY
According to our credit analysts, during the last 6 months, 92% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 to 10 days
beyond terms.
We noted an increase in delays of payments during last 2 months.
As ATLAS COPCO COMPTEC LLC is a part of a big worldwide group, we
estimate that the risk is low.
Our opinion:
A business connection may be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 1,000,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.72 |
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UK Pound |
1 |
Rs.81.45 |
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Euro |
1 |
Rs.64.47 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)