MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
HYDRANAUTICS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.06.1975 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Water Treatment Equipment. |
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 1,000,000 |
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Status : |
Good |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Hydranautics |
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Address in the order: |
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Legal Name: |
Hydranautics |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (760) 901-2500 |
ID : |
C0739226 |
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Fax: |
+1 (760) 901-2578 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1975 |
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Manager: |
Brett Andrews, President COO |
Date Incorporated: |
june 30st, 1975 |
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Staff: |
350 |
Stock: |
N.A |
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Value: |
N.A |
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Activity: |
Water Treatment Equipment. |
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BANKS
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Name of the Bank |
City National Bank |
BUSINESS
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HISTORY |
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This company was created in the year 1975. |
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PRINCIPAL ACTIVITY |
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The company develops and manufactures membrane products for the water
treatment industry. |
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Products/Services description: |
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Potable water Boiler feedwater Industrial process water Wastewater treatment Surface water treatment Seawater desalination Electronic rinse water Agricultural irrigation |
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Sales are: |
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Wholesale |
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Brands: |
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Espa Cpa Swc Lfc Esna Among others |
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Clients: |
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Various industries |
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Suppliers: |
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Espa Cpa Swc Lfc Esna |
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The company imports from North America, Central and South America,
Europe, the |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at |
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Surface area: |
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160,000 ft |
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Branches: |
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The company has the following branches: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is wholly own subsidiary of of Nitto Denko Corp: HERBIS OSAKA, 2-5-25, Umeda, Kita-ku, TEL +81-6-6452-2101 |
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Management: |
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Brett Andrews, President COO Ryan Furukawa , Group Leader and Technical Support |
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 Kenneth Lockan who refused to provide us any
financial data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
396,000,000 |
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Legal Fillings |
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There are 17 UCC** 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 ** 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 company has been in business for 36
years. It has a staff of 350 employees which makes it a medium sized company.
There were no legal filings found against
the company or its legal representatives. This company also has different branches
worldwide and is wholly own subsidiary of Nitto Denko located in The subject gave a good profitability for
the year 2010. A credit line may be considered for USD
1,000,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Kenneth Lockan |
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Position |
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Accountant |
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Comments |
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Refused to provide us with information due to confidentiality reasons |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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.