MIRA INFORM REPORT
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Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
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Name : |
NUKOTE COATING SYSTEMS INTERNATIONAL, LLC |
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Registered Office : |
8550 W. Desert Inn Road, Suite 102-652, Las Vegas, NV 89117 |
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Country : |
United States |
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Date of Incorporation : |
22.04.2005 |
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Com. Reg. No.: |
E0235302005-8 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures a wide range of advanced polymer coating and liner
products |
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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Status : |
Moderate |
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Payment
Behaviour : |
To be monitored |
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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 |
Comments on the rating: We suggest
caution
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: |
Nukote Coating Systems International LLC |
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Address in the order: |
8550, West Desert Inn Road, Suite 102-652, Las Vegas Navada |
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Legal Name: |
NUKOTE COATING SYSTEMS INTERNATIONAL, LLC |
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Trade Name: |
NCSI |
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Legal Address |
8550 W. Desert Inn Road, Suite 102-652, Las Vegas, NV 89117, USA |
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Telephone: |
562-802-8834 |
Entity number : |
E0235302005-8 |
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Fax: |
562-921-7364 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Nevada |
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Website: |
Date Created: |
NA |
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Manager: |
Michael S Osborne |
Date Incorporated: |
April,22, 2005 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufactures a wide range of advanced polymer coating and liner
products. |
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BANKS
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Name of the Bank |
WELLS FARGO |
BUSINESS
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HISTORY |
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The company is created in 2005. |
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PRINCIPAL ACTIVITY |
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Nukote Coating Systems International (NCSI) is a manufacturing company
focused solely on the development, manufacturing and distribution of advanced
polymer coatings, including; fast curing Aromatic, Aliphatic and Polyaspartic
Aliphatic Pure Polyureas, Polyurethane and Hybrid Formulations of the two
chemistries. They also develop, manufacture and distribute composite systems that
utilize our polymer chemistries with secondary materials to produce;
Polyurea-Geotextile Composite Liners and Membranes, Polyurea-Polyurethane
Foam Insulated Composites and Specific Application Equipment used in the
production and application of our products and composites. |
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Products/Services description: |
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Guaranteed and Insured solutions in: Anti Corrosion Environment Protection Asset Longivety Blast Mitigation and Protection Waterproofings Pipe Coatings Insulated Composites Primary and Secondary Containment |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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The company imports from Asia,& Middle East Region |
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The company export to Asia,& Middle East Region |
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PAYMENTS |
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regular |
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Comments on location: |
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Nukote distributes in 25 countries. Nukote is registered entity in the United States of America, with
manufacturing plants in the United States, Kingdom of Saudi Arabia and
Peoples Republic of China. New manufacturing plants will be operational in
Australia and India in 2011. |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. |
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Management: |
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Offc Mgr Ruth Chou Mng Mbr Michael Osborne |
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Related Companies: |
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Nukote International Operations Nukote Coating Systems (S) Pte Ltd 11 Collyer Quay The Arcade 07-01 Singapore, 049317 Nukote International Operations Nukote Coating Systems (S) Pte Ltd 11 Collyer Quay The Arcade 07-01 Singapore, 049317 Nukote India Operations Nukote India Pvt. Ltd Neville House, Currimbhoy Road Ballard Estate Mumbai, India 400001 Nukote China Operations Wuhan Nukote Coating Limited No.25 Changningli, Changqiang Road Wuhan, Peoples Republic of China, 430023 Nukote Americas Operations Nukote Coating Systems International LLC 8550 West Desert Inn Road Suite 102-651 Las Vegas, Nevada USA 89117 Nukote Middle East Operations Nukote Arabia LLC Second Industrial City, Dammam PO Box 31149 Al Khobar Kingdom of Saudi Arabia 31952 Nukote Japan Operations Kanamori Co.,Ltd. 11-4, 2chome, Chuo-ku, Tokyo, 104-0028, Japan |
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Financials - COMMERCIAL TRENDS AND FORECAST
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The company’s financials was neither
released nor released. |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of Nevada. 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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We did not find any specific adverse
record against the company during the investigation. This is a well established structure with
international business partners. A business connection can be conducted
with a follow up. |
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SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
N.A. |
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APPENDIX
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Comments |
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The person contacted was not willing to confirm financial information
in grounds of confidentiality. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.34 |
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Euro |
1 |
Rs.63.87 |
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.