MIRA INFORM REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TURBOCARE INC |
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Registered Office : |
Corporation Trust Center 1209 Orange Street - Wilmington - New Castle - DE 19801 - US |
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Country : |
United States |
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Date of Incorporation : |
05.09.2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Design, Manufacture, and Refurbishment of turbo machinery parts and 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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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: |
Turbocare Inc |
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Address in the order: |
3100 South Sam Houston
Parkway East Houston TX 77047 |
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Comments on data supplied: |
Dear client, The address provided is
that of a branch location of the company. |
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Legal Name: |
Turbocare Inc |
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Legal Address |
Corporation Trust Center
1209 Orange Street - Wilmington - New Castle - DE 19801 - USA (Registered
Agent Address) |
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Operative Address |
2140 Westover Road Chicopee, MA 01022-1057 United States
(Headquarters) |
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Telephone: |
+1 (713) 336-1300 |
ID : |
3432761 |
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Fax: |
+1 (713) 336-1301 |
Legal Form: |
Corporation for Profit |
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Email: |
gbarney@turbocare.com |
Registered in: |
Delaware |
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Website: |
http://www.turbocare.com |
Date Created: |
1998 |
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Manager: |
Mr. Neil Sigmund, Co-
President |
Date Incorporated: |
September, 5th. 2001 |
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Staff: |
650 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
TurboCare, Inc.
specializes in the design, manufacture, and refurbishment of turbo machinery
parts and equipment |
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BUSINESS
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PRINCIPAL ACTIVITY |
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TurboCare, Inc. specializes
in the design, manufacture, and refurbishment of turbo machinery parts and
equipment |
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Products/Services description: |
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It offers replacement
parts, such as blades and buckets, gas turbine parts and diaphragms, blade coatings,
nozzles and vanes, combustion systems, bearings solutions, conventional snout
rings, seals, fasteners, valve parts, couplings, centrifugal impellers, axial
compressor blades, stator and rotor windings, and generator and steam turbine
components. The company also provides a range of component inspection,
repair, and overhaul, as well as equipment refurbishment, system retrofits,
engineering, redesign and upgrade, field, and parts replacement services for
the owners and operators of gas and steam turbines, compressors, generators,
and electric motors. (Among others) |
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Sales are: |
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Wholesale |
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Clients: |
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TurboCare serves nuclear,
fossil, geothermal, and biomass power generation markets, as well as chemical
processing, oil and gas, and pulp and paper industries. |
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Suppliers: |
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The person contacted
refused to provide the name of the suppliers for us to check trade
references. |
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Operations area: |
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National, International |
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The company export to Latin America and Europe |
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The subject employs 650
employee(s) |
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LOCATION |
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Headquarters |
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The company is
headquartered at the address listed above. |
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Comments on location: |
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The company is
incorporated in Delaware due to tax purposes. |
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Branches: |
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The company has several
locations across de US. |
Shareholders - Manager - Related Companies
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Listed at the stock
exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company.
Despite our long searches, we could not identify the main shareholders. |
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Management: |
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Mr. Neil Sigmund,
Co-President Mr. Don Clews,
Co-President Mr. Martin C. Dunn, Vice
President of Contracts & Legal Mr. Wilmer Rodriguez, Director
of Latin America |
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 operator of the company, who refused to provide
us any financial data without knowing the name of the inquiring party. |
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Legal Fillings |
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There are several 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
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Local credit bureau gave a Low 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 big sized American company which employs 650 people and has
13 years of experience in the market. There were no legal filings found against the company or its legal
representatives. For the company requested, we don't have any financial information,
nor do we have any payment experience. We suggest working with GUARANTEES.- |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted
refused to provide us any 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.44.91 |
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UK Pound |
1 |
Rs.72.90 |
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Euro |
1 |
Rs.64.48 |
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.