MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
L3 COMMUNICATIONS EOTECH |
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Registered Office : |
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Country : |
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Year of Establishment : |
1995 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Electro-optics products and systems. |
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 300,000 |
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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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Legal Name: |
L3 Communications EoTech |
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Legal Address |
Corporation Trust Center 1209 Orange Street, Wilmington, New Castle
De, USA (incorporators) |
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Operative Address |
1201 E. Ellsworth, |
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Telephone: |
(734) 741-8868 |
ID : |
3550605 |
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Fax: |
(734) 741-8221 |
Legal Form: |
Corporation for Profit |
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Email: |
daniel.lelko@l-3com.com |
Registered in: |
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Website: |
http://www.eotech-inc.com |
Date Created: |
1995 |
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Manager: |
Paul Mangano, President |
Date Incorporated: |
July 23rd, 2002 |
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Staff: |
120 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Electro-optics products and systems. |
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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 1995. L-3 Communications EOTech, Inc. was formerly known as EOTech, Inc. and
changed its name to L-3 Communications EOTech, Inc. in November 2005, when it
was acquired by L-3 Communications Corporation. Please note that the company figures as inactive in the SOS of
Delaware because it was part of a merger process dated 3/18/2011. We have tried to contact the company to ask for the new name, and left
a voice mail which kept unanswered. However, the company is active and doing
business. |
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PRINCIPAL ACTIVITY |
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The company is engaged in electro-optics products and systems. |
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Products/Services description: |
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The company designs, manufactures, and markets electro-optics products
and systems for the defense, military, hunting, sport shooting/competition,
law enforcement, homeland security, and recreational markets. |
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Sales are: |
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Wholesale |
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Clients: |
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Federal government - Intelligence, Surveillance and Reconnaissance
(ISR) Proffesionals of the industry |
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Operations area: |
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National |
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The subject employs 120 employee(s) |
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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 was incorporated in The legal address of the company is that of the registrant officer:
Corporation Trust Center 1209 Orange Street, Wilmington, New Castle De, USA However, it is headquartered at: 1201 E. Ellsworth, |
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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The company is privately held. The company operates as a subsidiary of L-3 Communications
Corporation. |
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Management: |
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Paul Mangano, President John Long, Director of John Bailey, Product Development 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 have contacted the company and left a voice mail which kept
unanswered. |
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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 |
2009 |
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Turnover |
34,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no 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 ** 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. |
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Final Opinion |
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This is a medium sized American company. It employs 120 people and has
been in business for 15 years. Please note that the company figures as inactive in the SOS of
Delaware because it was part of a merger process dated 3/18/2011. We have tried to contact the company to ask for the new name, and left
a voice mail which kept unanswered. However, the company is active and doing
business. A credit line may be considered for USD 300,000 |
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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Person Interviewed |
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Voice mail |
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Comments |
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We called the company several times and were always transferred to a voice
mail. We left a message but as of today nobody has returned our calls. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.05 |
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1 |
Rs.73.05 |
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Euro |
1 |
Rs.63.81 |
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.