MIRA INFORM REPORT

 

 

Report Date :           

19.07.2011

 

IDENTIFICATION DETAILS

 

Name :

AXA EQUITABLE LIFE INSURANCE COMPANY

 

 

Formerly Known As :

The Equitable Life Assurance Society of the United States

 

 

Registered Office :

1290 Avenue Of The Americas, New York, NY 10104

 

 

Country :

United States 

 

 

Date of Incorporation :

01.01.2005

 

 

Legal Form :

Private Company

 

 

Line of Business :

Life Insurance Carriers

 

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 :

USD 2,000,000.

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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

 

 Bottom of Form

 

Comments on the rating:

A Credit line maybe considered

 

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

AXA Equitable Life Insurance Company

Address in the order:

500 Plaza Dr, 6th Floor, Secaucus, NJ 07094, USA

Comments on data supplied:

The address provided by the client is an express mail address.

The legal an operative addresses are listed below.

Legal Name:

AXA Equitable Life Insurance Company

Trade Name:

AXA Equitable

Legal Address

1290 Avenue Of The Americas

New York, NY 10104, USA

 

 

Telephone:

212-554-1234     

Department ID :

F10426468

Fax:

212-314-3954

Legal Form:

 

Email:

NA

Registered in:

Maryland

Website:

www.axa-equitable.com

Date Created:

1859

Manager:

Mark Pearson  Chairman and CEO

Date Incorporated:

January 01/2005

Staff:

9,508

Stock:

NA

 

 

Value:

NA

Activity:

Life insurance carriers

 

 

BANKS

 

Name of the Bank

WACHOVIA BANK

 

BUSINESS

 

HISTORY

 

In business since 1859, AXA Equitable Life Insurance Company (formerly The Equitable Life Assurance Society of the United States), headquartered in New York, NY, is a leading financial protection company and a premier provider of life insurance, annuities and related financial services.

 

AXA Equitable” is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company, MONY Life Insurance Company, MONY Life Insurance Company of America, AXA Advisors, LLC, AXA Network, LLC and AXA Distributors, LLC.  All AXA Equitable companies are directly or indirectly owned by AXA Equitable Financial Services, LLC, and have offices at 1290 Avenue of the Americas, New York, NY 10104, USA.

PRINCIPAL ACTIVITY

 

Selling life insurances, retirement plans for employers, annuities, brokerage accounts.

Products/Services description:

 

The company’s products and services are offered:

 

To consumers by financial professionals through its retail distribution channel, AXA Advisors, LLC

To the financial services market through its wholesale distribution channel, AXA Distributors, LLC.

Operations area:

 

National, International

The subject employs 9,508 employee(s)

 

PAYMENTS

                                                    regular

 

Comments on location:

 

It is Headquatered at  1290 Avenue of the Americas, New York, NY 10104, USA

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

AXA Equitable Financial Services, LLC

Management:

 

Chairman and CEO  

Mark Pearson

SEVP and CFO     

Richard Dziadzio

Chief Investment Officer, and Treasurer         

Kevin Byrne

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

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

Turnover

$11,441.00M

 

Legal Fillings

 There are several UCC** files listed with the Secretary of State of New York.

 

 

Filing Number:   2011000215812

Filing Date:        06-18-2011

Secured Party: AXA EQUITABLE LIFE INSURANCE COMPANY

Debtor: 230 PARK AVENUE HOLDCO, LLC

 

 

Filing Number:  1106160326656

Filing Date:  06-16-2011

Secured Party:  AXA EQUITABLE LIFE INSURANCE COMPANY

Debtor:  COSMOPOLITAN ASSOCIATES I, LLC 

 

 

Filing Number:  1106160326694

Filing Date:  06-16-2011

Secured Party:  AXA EQUITABLE LIFE INSURANCE COMPANY

Debtor:  COSMOPOLITAN ASSOCIATES I, LLC

 

 

Filing Number:  2011 2149980

Filing Date:  06-06-2011

Secured Party:  AXA EQUITABLE LIFE INSURANCE COMPANY

Debtor:  210 NORTH WELLS, LLC

 

 

Filing Number:  2011 1384125

Filing Date:  03-31-2011

Secured Party:  AXA EQUITABLE LIFE INSURANCE COMPANY

Debtor:  855 N. WOLFE STREET, LLC C/O FOREST CITY FINANCE CORP.

 

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

 

This is a big company with more than 150 years of operation, and 9,508 employees.

 

This company has good credit history and good financial structure.

 

A credit line may be considered for USD 2,000,000.

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.57

UK Pound

1

Rs.71.75

Euro

1

Rs.62.60

 

 

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

----

NB

New Business

----

 

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.