MIRA INFORM REPORT
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Report Date : |
20.07.2011 |
IDENTIFICATION DETAILS
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Name : |
INTEGRATED EQUIPMENT INC |
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Registered Office : |
5703 Brittmoore Rd Houston, TX 77041-5614 |
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Country : |
United States |
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Date of Incorporation : |
19.06.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Oil Field Equipment |
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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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
Usually Correct |
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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 |
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: |
Integrated Equipments Inc |
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Address in the order: |
5701 Porittmoor Road, Houston Texas 77041 |
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Legal Name: |
Integrated Equipment Inc |
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Legal Address |
5703 Brittmoore Rd Houston, TX 77041-5614 (Register agent) |
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Operative Address |
5701 Brittmoore, Houston, TX 77041 |
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Telephone: |
+1 (713) 785-7075 |
ID : |
0800096767 |
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Fax: |
+1 (713) 785-7099 |
Legal Form: |
Corporation for Profit |
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Email: |
sales@integratedww.com |
Registered in: |
Texas |
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Website: |
www.integratedequipment.com |
Date Created: |
2002 |
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Manager: |
Ash Sharma, President |
Date Incorporated: |
June 19th, 2002 |
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Staff: |
3 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Oil Field Equipment |
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BANKS
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Name of the Bank |
Metro Bank NA |
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Name of the Bank |
Central Bank |
BUSINESS
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HISTORY |
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This company was created in the year 2002. |
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PRINCIPAL ACTIVITY |
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This company designs, manufactures and distributes equipment used in
the drilling and production of oil and gas worldwide. |
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Products/Services description: |
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Ram and Annular Blow Out Preventers Pulsation Dampeners Wellhead X Mas Tree Components Expanding Gate Valves FC Type Valves Among related internal components. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, International, Local |
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The company imports from Asia and Europe |
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The company export to Canada |
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The subject employs 3 employee(s) |
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PAYMENTS |
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regular |
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Branches: |
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The company has another branch located in: -4910 Leopard, Suite 600 Corpus Christi, Texas, USA 78408 -2057-111 St., Suite #303 Edmonton, AB T6J-4V9 Canada -Gat No. 309/2,3, Kondhapuri, Pune A'Nagar Road Tal. Shirur, Dist. Pune - 412 209 India. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Ash Sharma, President |
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Related Companies: |
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Integrated Equipment Singapore, Pte. Ltd. (Singapore) Integrated Equipment International, S.A. (Panama) |
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 the company; Talked to a male representative who
refused to provide us any financial data on grounds of confidentiality. |
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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 |
730,000 |
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Legal Fillings |
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There
are seven UCC** files listed with the Secretary of State of Texas. 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 records 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 is a small sized company with 3
employees and 9 years of experience. There were no legal filings found against the
company or its legal representatives. We've contacted the company The company gave a correct profitability
for the year 2010. Therefore, considering the company's world
presence, A credit line may be considered for USD
10,000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
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Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Male representative |
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Comments |
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He refused to provide us any financial information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.71.62 |
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Euro |
1 |
Rs.62.78 |
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.