MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ALSTOM POWER INC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2010 (Consolidated) |
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Date of Incorporation : |
08.06.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer power generation and power transmission and distribution |
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 500 000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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: |
Alstom Power Inc |
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Address in the order: |
Air Preheater Company , |
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Comments on data supplied: |
Dear client, The location you provided is a non-incorporated business unit of
ALSTOM POWER INC headquartered at |
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Legal Name: |
ALSTOM POWER INC (The Air Preheater Company) |
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Trade Name: |
The Air Preheater Company |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (860) 688 19 11 |
Document Number : |
3053550 |
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Fax: |
+1 (860) 285 28 95 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1999 |
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Manager: |
Tim Curran, President |
Date Incorporated: |
June 08th, 1999 |
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Staff: |
4, 379 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer power generation and power
transmission and distribution. |
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BANKS
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Name of the Bank |
BANK OF GOOCHLAND |
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Name of the Bank |
FIRST DUPAGE BANK |
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Name of the Bank |
JP MORGAN CHASE BANK |
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Name of the Bank |
FIFTH THIRD BANK |
BUSINESS
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HISTORY |
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ALSTOM POWER INC was formed in 1999 from three companies: Alsacienne
Societe, Compagnie Generale d'Electricite (CGE) and Thomson Houston. In 2000 the company bought out ABB's 50% share in ABB ALSTOM Power.
The new company is now called ALSTOM Power Inc, Air Preheater Company. |
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PRINCIPAL ACTIVITY |
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ALSTOM Power, Inc. develops and manufactures TC superconductors for
the superconductivity market. The company is also doing business as The Air Preheater Company. |
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Products/Services description: |
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It offers various solutions for management studies, software
development, design, engineering, project management, and finance |
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Sales are: |
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Wholesale |
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Brands: |
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- Jungström® Air Preheaters, - Raymond® Size Reduction - Bartlett-Snow™ |
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Clients: |
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Industrial companies |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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Trade References: |
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Despite our searches we were not able to find any company's trade references. |
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The subject employs 4.379 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has several branches around the ( In |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is a subsidiary of Alstom Group headquartered at 3, Avenue
André Malraux 92309 Turnover 2009: 23 billion USD |
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Management: |
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Tim Curran, President Patrick Kron, Chairman and Chief Executive Officer Philippe Joubert, Executive Vice President and President of Power
Environment Sector & Power Turbo Systems Walter Graenicher, President of Power Service Sector Guy Chardon, Senior Vice President |
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Related Companies: |
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Alstom Transport (Paris) Alstom Grid ( Paris) |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. We enclosed the subject's
parent company financials for information. |
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The turnover 2010 below, is from the consolidated of the subject's
Parent Company |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
28,352,973,599 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Delaware. 1.
Filing Number: 100032581121 Filing Date: 11-12-2010 Filing Jurisdiction: Filing History: Filing Type Filing Date UCC STANDARD 11-12-2010 Secured Party: IKON FINANCIAL SVCS Secured Party Address: Debtor:
ALSTOM POWER INC Debtor Address: 2. Filing Number: 100022886572 Filing Date: 08-07-2010 Filing Jurisdiction: Filing History: Filing Type Filing Date UCC STANDARD 08-07-2010 AMENDMENT, MASTER AMENDMENT 02-02-2011 Secured Party: IKON FINANCIAL SVCS Secured Party Address: Debtor:
ALSTOM POWER INC Debtor Address: 3. Filing Number: 100017878688 Filing Date: 06-22-2010 Filing Jurisdiction: Filing History: Filing Type Filing Date UCC STANDARD 06-22-2010 Secured Party: IKON FINANCIAL SVCS Secured Party Address: Debtor:
ALSTOM POWER INC Debtor Address: 4. Filing Number: 100016647055 Filing Date: 06-10-2010 Filing Jurisdiction: Filing History: Filing Type Filing Date UCC STANDARD 06-10-2010 Secured Party: IKON FINANCIAL SVCS Secured Party Address: Debtor:
ALSTOM POWER INC Debtor Address: 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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This is a large size company with several
years in the business. Looking at the subject's parent company
financials, we can see that the group is following a safe trend. Indeed, its profitability is correct and the
cash flow is normal. However, Its debt level is pretty High. The company has a satisfying income. The subject company accounts for a
significant part of the group's financial results. For these reasons, we suggest a maximum
credit line of USD 500 000 and making a follow up report within 6 to 9 months |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
HIGH |
Payments |
REGULAR |
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Cash |
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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.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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.