MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
PHOTON SYSTEMS INC. |
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Registered Office : |
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Country : |
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Year of Establishment : |
1996 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Laser Systems and 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 80,000 |
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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 – 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: |
Photon Systems |
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Address in the order: |
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Comments on data supplied: |
Please note that this is a Sole Proprietorship. Mr. William Hug has a
license to operate under "Photon Systems, Inc." |
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Legal Name: |
Photon Systems Inc. |
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Legal Address |
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Telephone: |
(626) 967-6431 |
ID : |
NA |
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Fax: |
(626) 967-5813 |
Legal Form: |
Sole Proprietorship |
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Email: |
Registered in: |
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Website: |
Date Created: |
1996 |
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Manager: |
William Hug, President |
Date Incorporated: |
NA |
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Staff: |
12 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Laser Systems and Equipment |
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BANKS
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Name of the Bank |
Union Bank |
BUSINESS
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HISTORY |
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The company was created in 1996. |
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PRINCIPAL ACTIVITY |
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Laser Systems and Equipment. |
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Products/Services description: |
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The company distributes a group of products, including lasers and LED
sources from 200 to 300 nm. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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MLB Technologies (650 948-9480) |
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Operations area: |
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National, International |
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The company imports from |
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The company export to |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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Comments on location: |
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Headquarters and operative location |
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Branches: |
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The company does not operate any branches |
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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This is a private company. Mr. William Hug is the main shareholder |
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Management: |
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William Hug, President Tess Hug, Accountant |
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 Tess Hug Accountant who provided us with the
following data: |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
2,400,000 |
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Net Income |
242,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no 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. |
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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 small sized American company. It
employs 12 people. It has 14 years of business experience. It operates as a Sole Proprietorship, with
a business license under "Photon Systems, Inc." Profitability is correct and payments are
short termed. A credit line may be considered for USD
80,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Tess Hug |
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Position |
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Accountant |
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Comments |
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The person contacted provided us the following information: staff
number, creation date, banking relation, payment terms, exports, imports and
financial data. She also explained us that the company is a Sole Propietorship. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.