MIRA INFORM REPORT
|
Report Date : |
11.12.2012 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No trace |
|
|
|
|
Payment
Behaviour : |
--- |
|
|
|
|
Litigation : |
--- |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United
States |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United States - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful economy in the world,
with a per capita GDP of $48,100. In this market-oriented economy, private
individuals and business firms make most of the decisions, and the federal and
state governments buy needed goods and services predominantly in the private
marketplace. US business firms enjoy greater flexibility than their
counterparts in Western Europe and Japan in decisions to expand capital plant,
to lay off surplus workers, and to develop new products. At the same time, they
face higher barriers to enter their rivals' home markets than foreign firms
face entering US markets. US firms are at or near the forefront in
technological advances, especially in computers and in medical, aerospace, and
military equipment; their advantage has narrowed since the end of World War II.
The onrush of technology largely explains the gradual development of a
"two-tier labor market" in which those at the bottom lack the
education and the professional/technical skills of those at the top and, more
and more, fail to get comparable pay raises, health insurance coverage, and
other benefits. Since 1975, practically all the gains in household income have
gone to the top 20% of households. Since 1996, dividends and capital gains have
grown faster than wages or any other category of after-tax income. Imported oil
accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and
2006, the year home prices peaked; higher gasoline prices ate into consumers'
budgets and many individuals fell behind in their mortgage payments. Oil prices
increased another 50% between 2006 and 2008. In 2008, soaring oil prices
threatened inflation and caused a deterioration in the US merchandise trade
deficit, which peaked at $840 billion. In 2009, with the global recession
deepening, oil prices dropped 40% and the US trade deficit shrank, as US
domestic demand declined, but in 2011 the trade deficit ramped back up to $803
billion, as oil prices climbed once more. The global economic downturn, the
sub-prime mortgage crisis, investment bank failures, falling home prices, and
tight credit pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP; total government revenues
from taxes and other sources are lower, as a percentage of GDP, than that of
most other developed countries. The wars in Iraq and Afghanistan required major
shifts in national resources from civilian to military purposes and contributed
to the growth of the US budget deficit and public debt - through 2011, the
direct costs of the wars totaled nearly $900 billion, according to US
government figures. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform bill that will
extend coverage to an additional 32 million American citizens by 2016, through
private health insurance for the general population and Medicaid for the
impoverished. Total spending on health care - public plus private - rose from
9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the
DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote
financial stability by protecting consumers from financial abuses, ending
taxpayer bailouts of financial firms, dealing with troubled banks that are
"too big to fail," and improving accountability and transparency in
the financial system - in particular, by requiring certain financial
derivatives to be traded in markets that are subject to government regulation
and oversight. Long-term problems include inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an aging
population, sizable current account and budget deficits - including significant
budget shortages for state governments - energy shortages, and stagnation of
wages for lower-income families.
|
Source : CIA |
Important Note
Your order on: EXCEL INTERNATIONAL
That name is not registered in Illinois. The phone 630-674-4889 given on
your order is a cellphone owned by Inam ARAIN, who is the President of SME
MEDICAL EQUIPMENT, INC.
Company name: SME MEDICAL EQUIPMENT, INC.
Address: 1709 Astor Avenue, Villa
Park, IL 60181 - USA
Telephone: +1
630-674-4889
Fax: +1 630-850-9002
Website: -
Corporate ID#: 58135566
State: Illinois
Judicial form: Corporation – Profit
Date incorporated: 12-28-1994
Stock: -
Value:
Name of manager: Inam
ARAIN
Business:
The Company imports and sells medical equipment.
No name of suppliers available.
EIN: -
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
This is ARAIN family owned
and managed company.
Management:
Inam ARAIN is the President and CEO
Basma ARAIN is Secretary.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership:
None
In United States, privately
held corporations are not required to publish any financials.
On a direct call, Inam
ARAIN requested a mail.
We sent a fax but no answer
received.
No financials available.
Banks: Bank of America
180 East Roosevelt
Road, Villa Park, IL 60181
Ph: 630-758-0648
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None
Trade references:
Date reported: November 2012
High credit: USD 4,000+
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Payroll
Paying status: As agreed
Date reported: November 2012
High credit: USD 600
Now owing: 0
Past due: 0
Last purchase: October 2012
Line of business: Telecommunications
Paying status: On terms
Domestic credit history:
Domestic credit history
appears as follow:
|
Monthly Payment Trends - Recent Activity |
|
National Credit Bureaus gave
a satisfying credit rating.
Other comments:
The bank declined any
information.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
Last report was filed on
11-16-2012.
The risk is low.
Our opinion:
A business connection may
be conducted.
Important Note:
Kindly provide us with additional information such as Correct Name,
Address, Contact Details, Name of Contact Person or a copy of the Upper Part of
Letterhead within 15 days of receiving this report, a would be sent without any
additional cost.
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.