MIRA INFORM REPORT
|
Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GE ENERGY PARTS INC |
|
|
|
|
Registered Office : |
Corporation Trust Center 1209 Orange Street Wilmington New Castle, DE
19801 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
30.03.1998 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Electronic Parts and Equipment Merchant Wholesalers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
United States |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
GE Energy Parts International LLC |
||
|
Address in the order: |
4200 Wildwood Parkway Atlanta Georgia 30339 |
||
|
Comments on data supplied: |
Dear client: The company name you provided is that of a non incorporated business
unit. We have learned that the company's actual name is GE Energy Parts Inc
located in 4200 Wildwood Parkway Atlanta Georgia 30339, that is why we
proceed on making the report under that name. |
||
|
Legal Name: |
GE Energy Parts Inc |
||
|
Legal Address |
Corporation Trust Center 1209 Orange Street Wilmington New Castle, DE
19801(Registered agent) |
||
|
Operative Address |
4200 Wildwood Parkway Atlanta, GA 30339 |
||
|
Telephone: |
+1 (678) 844-6000 |
ID : |
2877696 |
|
Fax: |
+1 (770) 859-6690 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
Delaware |
|
|
Website: |
Date Created: |
1998 |
|
|
Manager: |
Karl Fessenden, CEO |
Date Incorporated: |
March 30st, 1998 |
|
Staff: |
300,000 (At group level) |
Stock: |
N/A |
|
|
|
Value: |
N/A |
|
Activity: |
Electronic Parts and Equipment Merchant Wholesalers |
||
BANKS
|
Name of the Bank |
GE Money Bank |
|
Name of the Bank |
Deutsche Bank |
|
Name of the Bank |
Federal Savings Bank |
|
Name of the Bank |
GE Capital Financial Inc |
|
Name of the Bank |
HSBC Bank USA |
BUSINESS
|
HISTORY |
|
|
|
This company was created in the year 1998. The company's previous phone number (+1 (770) 859-6000) changed to +1
(678) 844 6000. |
|
PRINCIPAL ACTIVITY |
|
|
|
The subject is one of the world's leading suppliers of power
generation and energy delivery technologies - providing a broad array of
solutions for traditionally fueled plants as well as those driven by
renewable resources such as wind, solar and biogas. |
|
Products/Services description: |
|
|
|
Air-Cooled Heat Exchangers Bently Nevada Asset Condition Monitoring Boiler Management Products Bus Ducts Capacitors Centrifugal Pumps Ceramic Matrix Composites Combined Cycle Among others. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Various industries |
|
Operations area: |
|
|
|
National, Local |
|
The company imports from Worldwide |
|
|
The company does not export |
|
|
The subject employs 300,000 employee(s) |
|
|
Comments on staff: |
|
|
|
The company's staff decreased an 8% for the year 2010 compared to 2009.
They currently have 300,000 at group level; And 200 at this particular
company. |
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at 4200 Wildwood Parkway Atlanta, GA
30339. |
|
Branches: |
|
|
|
There were no branches found for this company. |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This company is wholly own subsidiary of General Electric Co. a public
company that trades at the stock exchange NYSE under ticker symbol
"GE". 3135 Easton Turnpike Fairfield, CT 06828-0001 United States - Map Phone: 203-373-2211 Fax: 203-373-3131 Website: http://www.ge.com |
|
Management: |
|
|
|
Karl Fessenden, CEO Steve Bolze, Senior Vice President Teodoro Osben, Manager |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted a female representative who refused to provide us
any financial data without knowing the name of the inquiring party. |
|
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(Consolidated from mother company) |
|
Turnover |
150,211,000,000 |
|
Operating Income |
30,191,000,000 |
|
Net Income |
11,644,000,000 |
|
Current Assets |
161,994,000,000 |
|
Net worth |
118,936,000,000 |
|
Liabilities |
632,280,000,000 |
|
The cash flow is |
Low |
|
Legal Fillings |
|
There are 8 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
|
Local credit bureau gave a Good credit rate. |
|
|
|
|
|
The company is in Good Standing. This means that all local and federal taxes were paid on due date. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opinion |
|
|
|
|
|
|
|
|
|
|
|
This company has been in business for 13 y |
|
ears. It has a staff of 200 employees at this particular company which makes it a medium sized company. |
|
|
|
|
|
There were no legal filings found against the company or its legal representatives. |
|
|
|
The subject is wholly own subsidiary of General Electric Co. (NYSE: |
|
GE). |
|
|
|
|
|
We've contacted the company but they refused to provide us any financial information without knowing the inquiring party's name. |
|
|
|
|
|
Therefore we gathered the financial information from its mother company. Although the company presented a high indebtedn |
|
ess, it gave a good profitability for the year 2010. |
|
|
|
|
|
To fully secure the credit line granted, we suggest calling the parent company as a guarantor. |
|
|
|
|
|
A credit line may be considered for USD 300,000 |
|
|
|
|
|
|
SUMMARY
|
|
|
|
|
|
|
|
|
MENTS |
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
GOOD |
|
|
|
Public Records |
|
|
|
NO |
|
|
|
|
|
|
|
Indebtedness |
|
|
|
HIGH |
|
|
|
Payments |
|
|
|
REGULAR |
|
|
|
|
|
|
|
Cash |
|
|
|
LOW |
|
|
|
|
|
|
|
|
|
|
APPENDIX
|
Person Interviewed |
|
|
|
|
|
|
|
|
|
Female representative |
|
|
|
|
|
|
|
Comments |
|
|
|
|
|
|
|
|
|
She refused to provide us any financial data without knowing the exact name of the inquiring pa |
|
rty. |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
|
|
Unit |
|
|
|
Indian Rupees |
|
|
|
|
|
|
|
US Dollar |
|
|
|
1 |
|
|
|
Rs. |
|
4 |
|
4.59 |
|
|
|
|
|
|
|
UK Pound |
|
|
|
1 |
|
|
|
Rs. |
|
7 |
|
3 |
|
.42 |
|
|
|
|
|
|
|
Euro1 Rs.66.04 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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%)