MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PFP TECHNOLOGY LLC. |
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Registered Office : |
14227 Fern Drive, Houston ,TX 77079 |
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Country : |
United States |
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Date of Incorporation : |
07.02. 2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesales Chemicals
Products |
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 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
10,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
PFP TECHNOLOGY LLC. |
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Address: |
14227 Fern
Drive, Houston ,TX
77079, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (281) 589-0047 + 1 (281) 589-7460 17606726465 Texas Asoke Deysarkar, Director |
Date founded: |
Feb 7, 2001
Limited Liability Company N.A. N.A. 4 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales chemicals products |
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BANKS
Bank of Houston
BUSINESS
Business & Operations:
PFP Technology Llc. is a private company
located in Houston, Texas. The company’s general line of business is wholesaler
of chemical products.
Industry Overview:
The chemical industry comprises the companies that produce industrial chemicals.
It is central to modern world economy, converting raw materials (oil, natural
gas, air, water, metals) into more than 70,000 different products.
Polymers and plastics, especially polyethylene, polypropylene, polyvinyl
chloride, polyethylene terephthalate, polystyrene and polycarbonate comprise
about 80% of the industry’s output worldwide. Chemicals are used to make a wide
variety of consumer goods, as well as thousands inputs to agriculture,
manufacturing, construction, and service industries.
The chemical industry itself consumes 26 percent of its own output.
Major industrial customers include rubber and plastic products, textiles,
apparel, petroleum refining, pulp and paper, and primary metals. Chemical is
nearly a $2 trillion global enterprise, and the EU and U.S. chemical companies
are the world's largest producers.
Sales of the chemistry business can be divided into a few broad
categories, including basic chemicals (about 35 to 37 percent of the dollar
output), life sciences (30 percent), specialty chemicals (20 to 25 percent) and
consumer products (about 10 percent).
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Asoke Deysarkar, Director.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
PFP Technology
Llc.
does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
456,000 |
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Operating Profit |
19,000 |
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Net income |
11,000 |
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Net Worth |
50,000 |
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Liabilities |
40,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 by
Bank of Houston Security & Amount
NA
All previous UCC Filings have
been cleared
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a 40
days basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in the US.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Low Controlled Correct |
PUBLIC PAYMENTS |
See above Regular |
ADVISED
CREDIT
10,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)