MIRA INFORM REPORT

 

 

Report Date :           

18.07.2011

 

IDENTIFICATION DETAILS

 

Name :

GENERAL ELECTRIC INTERNATIONAL INC

 

 

Registered Office :

Corporation Trust Center 1209 Orange Street, Wilmington, DE 19801

 

 

Country :

United States 

 

 

Date of Incorporation :

29.11.1961

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Engineering Services

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

1,000,000 USD

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

General Electric International Inc

Address in the order:

4200 Wildwood Parkway Atlanta Georgia 30339

Comments on data supplied:

Dear client:

We've contacted the company, and got to the conclusion that the address you provided belongs to GE ENERGY PARTS, INC an active company incorporated in Delaware. This company is that of a related company from the subject company. We have learned that the company's headquarter is located in 2 Corporate Drive # 150 Shelton, CT 06484, that is why we proceed on making the report under that address.

Legal Name:

General Electric International Inc

Legal Address

Corporation Trust Center 1209 Orange Street, Wilmington, DE 19801 (Registered agent address), USA

Operative Address

2 Corporate Drive # 150 Shelton, CT 06484, USA

Telephone:

+1 (203) 944-3000/ +1 (239) 275-2700

ID :

0576003

Fax:

N/A

Legal Form:

Corporation for Profit

Email:

info@ge.com

Registered in:

Delaware

Website:

www.ge.com

Date Created:

1961

Manager:

Robert Smits, President

Date Incorporated:

November 29th, 1961

Staff:

125

Stock:

N.A

 

 

Value:

N.A

Activity:

Engineering Services.

 

 

BANKS

 

Name of the Bank

HSBC Bank

Name of the Bank

Fleet National Bank

Name of the Bank

Deutsche Bank

 

 

BUSINESS

 

HISTORY

 

This company was created in the year 1961.

PRINCIPAL ACTIVITY

 

The company provides all kinds of engineering services.

Products/Services description:

 

Architectural Engineering Services

Professional Engineering Services

Engineering Technical Services

Associated Engineering Services

Customer Engineering Services.

Sales are:

 

Wholesale

Clients:

 

Various indusries

Operations area:

 

National, Local

The company does not import

The company does not export

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 2 Corporate Drive # 150 Shelton, CT 06484.

Branches:

 

There were no branches found for this company.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is wholly own subsidiary of General Electric Co. located in:

 

3135 Easton Turnpike Fairfield, CT 06828

Phone: +1(203) 373-2211

www.ge.com

 

This is a public company that trades at the stock exchange NYSE under ticker symbol GE.

Management:

 

Robert Smits, President              

Vincent Vartuli, Controller          

Jim Vartuli, Secretary    

Related Companies:

 

GE Energy Parts Inc

4200 Wildwood Parkway

Atlanta Georgia 30339

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Linda. She refused to provide us or confirm any financial information without knowing the name of the inquiring party.

 

We've called back the company, but we got an answering machine. We left a message though we didn't get an answer yet.

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.

 

Currency

DATE

USD

2010(Consolidated from mother company)

Turnover

150,211,000,000

Operating Income

30,191,000,000

Net Income

11,644,000,000

Current Assets

161,994,000,000

Fixed Assets

44,490,000,000



Currency

DATE

USD

2009(Consolidated from mother company)

Turnover

155,278,000,000

Operating Income

28,304,000,000

Net Income

11,025,000,000

Current Assets

164,332,000,000

Fixed Assets

40,464,000,000



Currency

DATE

USD

2008 (For the company on its own)

Turnover

44,800,000

Operating Income

2,900,000

Net Income

2,100,000

Net worth

7,900,000

Liabilities

3,500,000

 




Legal Fillings

 There are 52 UCC** files listed with the Secretary of State of Delaware.

 

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

 

Local credit bureau gave a good credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

The company has been in business for 50 years. It has a staff of 125 employees which makes it a medium sized company.

 

The company is wholly own subsidiary of General Electric Co. a public company that trades at the stock exchange NYSE. The parent company is profitable. It remains covered on the short run even if it is not covered on the long run.

 

There were no legal filings found against the company or its legal representatives.

 

Considering the company’s size and consolidated financial structure, we would suggest at this time a credit line in the range of 1,000,000 USD according to our new rating scale.

To completely secure the credit line, we suggest calling the parent company as a guarantor and a follow up on the business’ debt level.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

GOOD

Public Records

NO

 

Indebtedness

MEDIUM

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Linda

Position

 

representative

Comments

 

She kindly clarified that the address in the order was that of a related company; She also confirmed the company's headquarter, and other basic information about the company. However she refused to provide us or confirm any financial information without knowing the name of the inquiring party.

 

We've called back the company, but we got an answering machine. We left a message though we didn't get an answer yet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.53

UK Pound

1

Rs.71.91

Euro

1

Rs.62.98

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.