MIRA INFORM REPORT
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Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TRISEP CORPORATION |
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Registered Office : |
93 S La Patera Ln Goleta CA 93117 |
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Country : |
United States |
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Date of Incorporation : |
27.04.1989 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Array of spiral wound membrane 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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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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United States |
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: |
Trisep Corporation |
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Address in the order: |
93 South La Patera Lane Goleta 93117 |
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Legal Name: |
Trisep Corporation |
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Legal Address |
93 S La Patera Ln Goleta CA 93117, U.S. |
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Telephone: |
+1 (805) 964-8003 |
ID : |
C1560591 |
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Fax: |
+1 (805)964-1235 |
Legal Form: |
Corporation for Profit |
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Email: |
pknappe@trisep.com |
Registered In: |
California |
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Website: |
http://www.trisep.com |
Date Created: |
NA |
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Manager: |
Peter Knappe, President |
Date Incorporated: |
April 27, 1989 |
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Staff: |
70 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Array of spiral wound membrane products. |
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BANKS
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Name of the Bank |
COMMUNITY WEST BANK |
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Name of the Bank |
BANK OF AMERICA, N.A. |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company offers a broad array of spiral wound membrane products. TriSep is the first membrane manufacturer in the world to develop its
own line of spiral wound membrane support chemicals. |
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Products/Services description: |
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The company offers several construction varieties including sanitary
Turboclean, high pressure, high temperature, and different thickness feed
spacers. |
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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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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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The subject employs 70 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 93 S La Patera Lane Goleta, CA
93117-3246, U.S. |
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Branches: |
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The company has no branches. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders |
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Management: |
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Peter Knappe,President Jon Goodman,Senior Vice President Sales and Marketing Abby Winstrom,Customer Service Representative Chris Prax,Technical Service Engineer |
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 the company but refused to provide us any financial
data on grounds of confidentiality. |
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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 |
10.000.000 |
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Legal Fillings |
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There are 5 UCC's files listed with the
Secretary of State of California. 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 medium sized company with 70 employees
and it has been incorporated for business for 21 years. The profitability of the company is
correct, and it has a normal cash flow. There were no legal fillings found against
the company or its legal representatives, which makes it a more reliable
company. The company inspires confidence. According to all this information, a
credit line should be considered for USD 100.000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Kevin Etdergk |
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Comments |
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We contacted the company, and Kevin provided us with many information,
such as the number of employees, export and import activity, and verified
that the company has no branches. However, he refused to provide us with
other information on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.73.44 |
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Euro |
1 |
Rs.64.81 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.