MIRA
INFORM REPORT
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Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
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Name : |
AIRSEP CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.01.1987 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures air separation equipment. |
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 600,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: |
The Airsep Corporation |
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Address in the order: |
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Legal Name: |
AIRSEP CORPORATION |
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Legal Address |
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Telephone: |
(716) 691-0202 |
ID : |
1135588 |
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Fax: |
(716) 691-0707 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1987 |
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Manager: |
RAVINDER K BANSAL - President |
Date Incorporated: |
JANUARY 09, 1987 |
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Staff: |
500 |
Stock: |
3,000,000 |
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Value: |
0.01 value per share |
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Activity: |
Manufactures air separation equipment. |
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BANKS
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Name of the Bank |
BANK OF |
BUSINESS
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HISTORY |
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The company was founded in 1987. |
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PRINCIPAL ACTIVITY |
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Manufactures air separation equipment. |
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Products/Services description: |
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Its products include medical oxygen concentrators, oxygen conserving
devices, and oximetry systems, which are used in therapeutic, hospital oxygen
supply, high altitude sickness prevention, and army field hospital applications. The company also offers oxygen generating and packaged systems that
are used in steel and paper mill, glass factory, environmental, mining, and
fish farming applications. It sells its products through a network of
distributors. |
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Clients: |
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-Hospitals -Industrial applications like mining, steel mills, paper mills, water
treatment facilities. |
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Operations area: |
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National, International, Local |
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The company exports to worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. Despite our searches, we could not
identify the shareholders of the company. |
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Management: |
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Ravinder K Bansal - President Alex Hernandez - Operations Manager |
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 could not contact the company as we were directed to Accounts
payable's voicemail. We left a message but received no reply by the time we
did this report. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
100,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files listed
with the Secretary of State of New York. 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 ** 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 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 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 large sized company, with 500 employees and 23 years of
experience in the market. We could not obtain any financial transaction for the year 2009 as we
could not contact the company. A credit line may be considered for USD 600,000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We could not contact the company as we were directed to a voicemail. We
left a message but received no reply by the time we did this report. |
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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.45.11 |
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1 |
Rs.72.91 |
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Euro |
1 |
Rs.62.56 |
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 |
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.