MIRA
INFORM REPORT
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Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL
SENSOR TECHNOLOGY |
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Registered Office : |
3 Whatney, Irvine, CA 92618 |
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Country : |
United States |
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Date of Incorporation : |
03.21.1973 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures both the sensors and the instrumentation used to detect
over 150 different toxic and combustible gases for area quality and safety
applications |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
INTERNATIONAL
SENSOR TECHNOLOGY
Address
3 Whatney, Irvine,
CA 92618 – USA
Telephone : 949-452-9000
Fax : 949-452-9009
Website : www.gotgas.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
C0677070 Calfornia Corporation – Profit 03-21-1973 - - Jack CHOU |
ACTIVITIES & OPERATIONS
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Business Staff: |
International Sensor Technology (IST) manufactures both the sensors
and the instrumentation used to detect over 150 different toxic and
combustible gases for area quality and safety applications. Since 1972, IST instruments have served a large nd diverse customer
base around the world, with users including refineries, chemical plants, semiconductor facilities, hospitals, food
and beverage companies, and many others. In fact, IST equipment was chosen by
NASA for use in the Space Suttle
program. IST offers a complete line of instrumentation, including potables, single- and multi-point stationary instruments, stand-alone sensor
transmitters, and computerized gas monitoring systems. 27 |
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Operations & branches: |
At above address, we find a manufacture, warehouse and office, on
20,000 sq. feet, owned. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Jack CHOU is the President and CEO. Doris CHOU is Secretary and Treasurer. Danny CHOU is Sales Manager. As far as we know, he is they are not involved in other local
business. |
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Subsidiaries
& Partnership : |
None |
FINANCIALS
In United States, privately held corporations are not required to
publish any financials.
On a direct call, nobody accepted to answer our questions.
However, sales estimate for year 2007 is in the range of USD 2,500,000=
Banks
Wells Fargo Bank
…
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) : |
None |
MARKET ANALYSIS & FORECAST
In the United States, during the year 2007:
- 76% of the corporations in same branch were developing the business on
a low risk of late payment,
- 4%, on a medium risk, and
- 20% on a high risk of late payment.
- 12% of them saw sales stable versus last 3 years
- 88% 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, 94% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 3 to 5 days
beyond terms.
The Company maintains a regular business.
The banks and financial institutions confirmed a regular account.
The risk is low.
Our opinion:
A business connection may be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
OUR CREDIT RATE |
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Maximum |
USD 80,000= |
Correct |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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%)