MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOCKEN SISTEMAS DE ENERGIA, INC. |
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Registered Office : |
305 Highway 10, PO Box
60, Bridgewater NS B4V 2W9 |
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Country : |
Canada |
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Date of Incorporation : |
25.05. 2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Designs and Builds Oil
and Gas Processing Equipment |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 85,000 |
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Status : |
Small Company |
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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 |
85,000 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 |
100 USD = 102.32 CAD Satisfying |
IDENTIFICATION
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Company Name: |
Kocken Sistemas De Energia, Inc. |
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Address: |
305 Highway 10, PO Box 60, Bridgewater NS B4V 2W9, Canada |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (902) 527-2000 + 1 (902) 543-3500 AB0209360346 Alberta Arthur Sagan ,President |
Date founded: |
May 25, 2001
Corporation for Profit N.A. 10 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Designs and builds oil and gas processing equipment |
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BANKS
Bank
of America
BUSINESS
Business & Operations:
Kocken Sistemas De Energia, Inc. is a private company located in Alberta,
Canada. The company also has other offices in Mexico. Kocken Sistemas De
Energia, Inc. line’s of business is designing and building oil and gas
processing equipment.
Industry overview:
The US oil and gas field services and equipment industry consists of
8,000 companies with combined annual revenue of $25 billion. Large global
suppliers include Halliburton, Schlumberger, and Baker Hughes. Despite recent
consolidation, the industry is still fragmented and characterized by small
specialty firms; over half of companies have fewer than five employees.
Offshore drilling requires specialized equipment such as drillships,
semisubmersible rigs, "jack-up" rigs, equipment barges, and
helicopter services. Directional drilling uses special "downhole"
motors or directional sleeves to drill wells at an angle.
"Workover" of the 900,000 producing wells in the US typically
involves pumping steam and chemicals into a well to remove obstacles and
enhance flow. "Well servicing" involves repairing or replacing
down-hole equipment and plugging wells at the end of their productive life.
Exploration services use sophisticated seismic equipment to identify
underground geological formations that might hold oil or gas.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
president of the company is:
Arthur
Sagen, President.
He
is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Kocken Sistemas De Energia, Inc. 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 |
2,600,000 |
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Net Income |
210,000 |
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Liabilities |
300,000 |
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
RATING
Local credit bureau gave a good credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is good.
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Payments are made on a 38 days basis.
Our final opinion:
This is a small company working in North and South America.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Sufficient Controlled Good |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
85,000 USD
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%)