MIRA
INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
PFP TECHNOLOGY LLC |
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Registered Office : |
14227 Fern Drive, Houston, Texas 77079 |
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Country : |
United States |
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Date of Incorporation : |
07.02.2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Chemical and non-chemical products Wholesaler. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Legal Name: |
PFP Technology LLC |
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Legal Address |
14227 FERN DRIVE, HOUSTON, TEXAS 77079, USA. |
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Operative Address |
14227 FERN DRIVE, HOUSTON, TEXAS 77079, USA. |
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Telephone: |
+1 (281) 584-0047 |
ID : |
0708350722 |
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Fax: |
+1 (281) 497-7460 |
Legal Form: |
Corporation for Profit |
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Email: |
qc@pfptechnology.com |
Registered in: |
TEXAS |
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Website: |
http://www.pfptechnology.com/ |
Date Created: |
2001 |
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Manager: |
Asoke Deysarkar, CEO. |
Date Incorporated: |
February 7th, 2001 |
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Staff: |
60 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Chemical and non-chemical products Wholesaler. |
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BANKS
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Name of the Bank |
STERLING BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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This is company manufactures and sales oilfield completion chemicals.
Focusing primarily on hydraulic fracturing of oil and gas wells around the
world. |
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Products/Services description: |
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The company offers the following products: GUAR and Derivatized GUAR Powder. GUAR and Derivatized GUAR Slurries. Cross linkers. Breakers. Buffers. Stabilizers. Non-Emulsifier. Friction Reducers. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Operations area: |
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National |
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The company imports from India, Italy, Spain and France. |
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The subject employs 60 employees |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at: 14227 FERN DRIVE, HOUSTON, TX 77079, USA. |
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Branches: |
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The company owns the following branches: Katy Office 29738 Goynes Rd., Katy, TX 77493 Phone: +1 281-371-2000 Fax: +1 281-371-2001 Midland Office 6215 West CD RD 112, Midland, TX 79706 Phone:+1 432-689-5453 Fax: +1 432-689-5441 Evanston Office 75 Rail Center, Evanston, WY. 82930 Phone: +1 307-789-8611 Fax: +1 307-789-8861 Miles City Office 2804 Valley Dr East, Miles City, MT 59301 Phone: +1 406-853-4567 |
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. The main shareholder of the company is
ASOKE DEYSARKAR, CEO and Owner. |
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Management: |
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The company presents ASOKE DEYSARKAR as its CEO. |
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Related Companies: |
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The company presents the following sister companies: FPF INDIA: 202, UNIQUE PARK.7, PADMA NAGAR, NEW LINK ROAD, MALAD (WEST), MUMBAI
400064. Phone: +91 222-880-9841 OPTIBLEND INDUSTRIES, INC.: 6215 W COUNTY ROAD # 112, MIDLAND, TX 79706, USA. Phone: +1 979-239-2890 ROUGHNECK EQUIPMENT, LLC.: 14227 FERN DR., HOUSTON, TX 77079-5622, USA. Phone: +1 281-589-0047 |
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 Cinthia, Administration Officer, who provided us
with the following financial data: Annual sales revenue for 2010 period. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
360.000.000 |
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The cash flow is |
NORMAL |
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Legal Fillings |
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There are several UCC** files listed with the Secretary of State of
Texas. There are no legal filings listed with the District Court. The last annual report was filed on. 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 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 medium sized American Company which employs 60 people and
has 10 years of experience in the industry. The company is active and in good standing according to the Secretary
of State of Texas. We have found several payment experience records. This company also has sister companies developing their activities in
the same industry. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Cinthia |
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Position |
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Administration Officer. |
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Comments |
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The contacted person provided us with the following information: Legal Name, Legal Address, Activities, Products, Operative area, Main
Shareholders, Creation date, Management Staff, Number of Employees, Payment
times to the suppliers, Annual Turnover for 2010, Sister companies. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.14 |
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1 |
Rs.77.58 |
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Euro |
1 |
Rs.67.58 |
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.