MIRA INFORM REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
PETRO DYNAMIX, LLC |
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Registered Office : |
2632 Westgate Street, Houston, Tx 77098 |
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Country : |
United States |
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Date of Incorporation : |
02.09.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provider of products and services to the oil & gas and downstream
industries |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Comments on the rating: We suggest
caution
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: |
Petrodynamix LLC |
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Address in the order: |
5750 N Sam Houston Pkway E, #407, Houston, Texas 77032 |
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Legal Name: |
PETRO DYNAMIX, LLC |
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Legal Address |
2632 WESTGATE STREET, HOUSTON, TX 77098, USA |
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Telephone: |
+ 1 (281) 591-4750 |
File Number : |
0801023750 |
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Fax: |
+ 1 (713) 481-8421 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Texas |
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Website: |
Date Created: |
NA |
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Manager: |
KIRTI MEHRA Manager |
Date Incorporated: |
September 2, 2008 |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Provider of products and services to the
oil & gas and downstream industries. |
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BANKS
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Name of the Bank |
USAA Federal Savings Bank |
BUSINESS
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HISTORY |
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The company was established in Houston Texas in 2008. |
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PRINCIPAL ACTIVITY |
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PETRO DYNAMIX, LLC has three operating groups: Agency Products Group (APG) Represents companies for different market segments. This group also does
product sourcing for specific projects. Manufactured Products Group (MPG) Supplies products manufactured to generic designs such as Wellheads,
Christmas Tree components, Valves, Pup Joints, Crossovers, Ball valves etc. Engineered Products Group (EPG) This group supplies raw forgings, castings and fully machined products
to customer specifications. It also provides engineering services. The company has a few years of experience on market. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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Despite our efforts we were unable to confirm any trade reference for
this company. |
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The subject employs 10 employee(s) |
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PAYMENTS |
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To be monitored |
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Comments on location: |
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Single location |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Despite our efforts we were unable to confirm the shareholders. |
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Management: |
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Kirti Mehra President Cersten Janson Member |
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Related Companies: |
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Petrodynamix –New Delhi-India GF 10,11, Sarine Sonia Sadan, Commercial Complex, Block G, Vikaspuri, New Delhi 110 018 |
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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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 |
$500,000 |
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Legal Fillings |
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There is 1 UCC** files listed with the
Secretary of State of Texas. Filing Number: 90013650781 Filing Date: 05-13-2009 Secured Party: ACCION TEXAS Debtor:
KIRTI KAILASHNATH MEHRA Debtor Address: 2632 WESTGATE ST HOUSTON
TX 77098- 1412 Debtor:
PETRO DYNAMIX, LLC There are no legal filings listed with the
District Court. The last annual report was filed on 2010. 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 regular 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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PETRO DYNAMIX, LLC is a small sized US
company as it currently has a staff of 10 employees. It was incorporated in
2008 in Texas and is currently active. This is a small business with income below
average. We suggest a follow up for the length of
payment. Any credit line or business relation
should require guarantees. We also suggest monitoring after 6 month
to check the company`s evolution. It is important to remember that the
structure is a limited liability company. Its failure could consequently not
affect the owner’s personal assets. |
SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
MEDIUM |
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APPENDIX
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Comments |
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The person contacted was not cooperative. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.80 |
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UK Pound |
1 |
Rs.72.86 |
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Euro |
1 |
Rs.63.11 |
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.