MIRA
INFORM REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
PRATT & WHITNEY COMPONENT SOLUTIONS, INC. |
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Registered Office : |
30600 Telegraph Road Ste 2345 Bingham Farms 48025 MI |
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Country : |
United States |
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Year of Establishment : |
1925 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Transportation Equipment and Supplies except Motor Vehicle) Merchant Wholesalers. |
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 2,000,000. |
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Status : |
Satisfactory |
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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 GovernmentGOVERNMENT |
Federal |
Currency |
USD |
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Economic Risk |
Nil |
Branch Situation |
Stable |
IDENTIFICATION
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Comments on
data supplied: |
The address
given by the customer is for a branch, the legal and headquarter addresses
are listed below. |
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Legal Name: |
PRATT &
WHITNEY COMPONENT SOLUTIONS, INC. |
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Trade Name: |
PRATT &
WHITNEY COMPONENT SOLUTIONS CORP. |
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Legal Address: |
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Telephone: |
860-565-4321 |
ID Num:: |
272663 |
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Fax: |
NA |
Legal Form: |
Corporation
for Profit |
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Email: |
info@pwr.utc.com |
Registerd In: |
Michigan |
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Website: |
http://www.pw.utc.com/ |
Date Created: |
1925 |
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Manager: |
Benoit
Brossoit President |
Date
Incorporated |
October 16,1988 |
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Staff: |
36,000 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Transportation
Equipment and Supplies except Motor Vehicle) Merchant Wholesalers. |
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BANKS
Name of the Bank FOUNDERS BANK & TRUST
BUSINESS
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HISTORY: |
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Pratt & Whitney, a United Technologies Corp. company
(NYSE:UTX),was founded in Hartford, Conn., in 1925 by Frederick Rentschler.
Pratt &Whitneysfirst aircraft engine was the 410-horsepower,
aircooled Wasp, which delivered unprecedented performance and reliability for
the time and transformed the aviation industry. Pratt & Whitney has been
leading change ever since. |
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PRINCIPAL ACTIVITY: |
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The company is a world leader in the design, manufacture and service
of aircraft engines, industrial gas turbines and space propulsion systems. |
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Products/Services description: |
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MAJOR PRODUCTS |
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Sales are: |
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Wholesale |
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Clients: |
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Pratt & Whitney serves more than 11,000 customers in 195
countries. |
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Operations area: |
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National,InterNational, |
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The subject employs 36,000 employee(s) |
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Payments : |
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regular |
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LOCATION : |
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Comments on location: |
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The company is headquartered in Conneticut, and has operation offices
in Canada. |
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Shareholders - Manager
- Related Companies
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Shareholders Parent Company(ies): |
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The company is a subsidiary Of: |
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Management: |
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David P. Hess |
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Related Companies: |
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Pratt &
Whitney Canada |
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 $12.94
billion
Operating Income $1.99
billion
legal fillings
There are 3 recent UCC** files listed with the Secretary of State of MICHIGAN.
Filing Number: 2010003441-0
Filing Date: 01-08-2010
Secured Party: ARGO TURBUSERVO CORP.
Debtor: PRATT & WHITNEY COMPONENT SOLUTIONS, INC.
Filing Number: 2010096951-2
Filing Date: 07-15-2010
Secured Party: CIT COMMUNICATIONS FINANCE CORPORATION
Debtor: PRATT & WHITNEY COMPONENT SOLUTIONS, INC.
Filing Number: 2009124998-2
Filing Date: 08-28-2009
Secured Party: FOUNDERS BANK & TRUST
Debtor: PRATT & WHITNEY COMPONENT SOLUTIONS, INC.
There are no legal filings listed with the District Court.
The last annual report was filed on 2010.
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 correct 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 36,000 employees, and 12 years of operations.
The turnover of the company is encouraging for its size and the company is
profitable.
We did not find any specific adverse situation for this company during our
investigation.
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
APPENDIX
Comments:
The person contacted confirmed the address given and the activities.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.12 |
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1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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 |
-- |
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.