MIRA INFORM
REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GENERAL ELECTRIC INTERNATIONAL INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.11.1961 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Engineering
Services |
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 : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
General
Electric International Inc |
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Address in the
order: |
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Comments on data supplied: |
Dear client: We've contacted
the company, and got to the conclusion that the address you provided belongs
to GE ENERGY PARTS, INC an active company incorporated in |
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Legal Name: |
General Electric International Inc |
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Legal Address |
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Operative
Address |
2 Corporate
Drive # 150 |
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Telephone: |
+1 (203) 944-3000/ +1 (239) 275-2700 |
ID : |
0576003 |
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Fax: |
N/A |
Legal Form: |
Corporation for
Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1961 |
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Manager: |
Robert Smits,
President |
Date
Incorporated: |
11/29/1961 |
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Staff: |
125 |
Stock: |
N.A |
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Value: |
N.A |
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Activity: |
Engineering
Services |
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BANKS
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Name of the
Bank |
HSBC Bank |
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Name of the
Bank |
Fleet National
Bank |
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Name of the
Bank |
Deutsche Bank |
BUSINESS
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HISTORY |
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This company
was created in the year 1961. |
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PRINCIPAL
ACTIVITY |
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The company
provides all kinds of engineering services. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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The company
does not import |
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The company
does not export |
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PAYMENTS |
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regular |
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Branches: |
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There were no
branches found for this company. |
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Shareholders - Manager - Related Companies
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Shareholders
Parent Company(ies): |
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The company is
wholly own subsidiary of General Electric Co. located in: 3135 Phone: +1(203)
373-2211 www.ge.com This is a
public company that trades at the stock exchange NYSE under ticker symbol GE. |
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Management: |
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Robert Smits,
President Vincent
Vartuli, Controller Jim Vartuli,
Secretary |
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Related
Companies: |
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GE ENERGY PARTS
INC |
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Financials - COMMERCIAL TRENDS AND FORECAST
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As a private
company the subject does not publish any financial statements. |
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We have
contacted Linda, she kindly clarified that the address in the order was that
of a related company; She also confirmed the company's headquarter and other
basic information about the company. However she refused to provide us or
confirm any financial information without knowing the name of the inquiring
party. |
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However our
financial sources could provide us with the following data. Those figures
are estimates provided by confidential banking and financial institutions
working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
10,287,985,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
44,800,000 |
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Operating Income |
2,900,000 |
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Net Income |
2,100,000 |
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Net worth |
7,900,000 |
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Liabilities |
3,500,000 |
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Legal Fillings |
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There are 52 UCC** files listed
with the Secretary of State of Delaware. There are no legal filings listed with the District Court. THE COMPANY IS NOT LISTED ON THE OFAC LIST.* For information: * The Specially Designated Nationals (SDN) List is a publication of
OFAC which lists individuals and organizations with whom ** The Uniform Commercial Code (UCC) is one of a number of uniform
acts that have been promulgated in conjunction with efforts to harmonize the
law of sales and other commercial transactions in all 50 states within the The UCC deals primarily with transactions involving personal property
(movable property), not real property (immovable property). It allows a creditor to notify other creditors about a debtor’s assets
used as collateral for a secured transaction by filing a public notice
(financing statement) with a particular filing office. The Uniform Commercial Code Bureau files and maintains on financial
obligations (including IRS liens) incurred by individuals (in business as a
sole proprietor), business entities and corporations. |
Rating
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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. |
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Final Opinion |
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The company has
been in business for 50 years. It has a staff of 125 employees which makes it
a medium sized company. The company is
wholly own subsidiary of General Electric Co. a public company that trades at
the stock exchange NYSE. There were no
legal filings found against the company or its legal representatives. The company
gave a good profitability for the year 2010. Therefore a
credit line may be considered for USD 1,000,000 |
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SUMMARY
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Profitability |
GOOD |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person
Interviewed |
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Linda |
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Position |
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representative |
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Comments |
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She kindly
clarified that the address in the order was that of a related company; She
also confirmed the company's headquarter, and other basic information about
the company. However she refused to provide us or confirm any financial
information without knowing the name of the inquiring party. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.