MIRA
INFORM REPORT
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Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
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Name : |
INVICTUS INFOTECH LLC |
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Registered Office : |
200 Middlesex Essex Turnpike, Ste 306 C & D Iselin, NJ 08820 |
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Country : |
United States |
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Date of Incorporation : |
12.12.2009 |
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Legal Form : |
LLC |
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Line of Business : |
Specialized in Executive search, finding suitable senior professionals for a specific period short or long term and project based. |
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No. of Employees : |
2 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and
most technologically powerful economy in the world, with a per capita GDP of
$49,800. 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. Crude 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 climbed another
50% between 2006 and 2008, and bank foreclosures more than doubled in the same
period. In addition to dampening the housing market, soaring oil prices caused
a drop in the value of the dollar and a deterioration in the US merchandise
trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage
crisis, falling home prices, investment bank failures, tight credit, and the
global economic downturn 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.
Wars in Iraq and Afghanistan required major shifts in national resources from
civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through 2011, direct costs of the wars totaled nearly
$900 billion, according to US government figures. US revenues from taxes and
other sources are lower, as a percentage of GDP, than those of most other
countries. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform 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 stagnation of wages for lower-income families, inadequate
investment in deteriorating infrastructure, rapidly rising medical and pension
costs of an aging population, energy shortages, and sizable current account and
budget deficits - including significant budget shortages for state governments.
Source
: CIA
Company name and address
Company name: INVICTUS INFOTECH LLC
Address: 200 Middlesex Essex Turnpike, Ste 306 C &
D
Iselin, NJ 08820 - USA
Telephone: +1 732-561-6477
Fax: +1 732-561-9196
Website: www.invictusinfotech.com
Corporate ID#: 0400320932
State: New Jersey
Judicial form: LLC
Date incorporated: 12-12-2009
Stock value: A
LLC has no stock.
Name of manager: Uma
CHAVALI
ACTIVITIES
& OPERATIONS
Business:
Employment agency.
The Company is specialized in Executive search, finding suitable senior
professionals for a specific period short or long term and project based.
Its search business Unit recruits senior management personnel across the
industry segments finance and insurance, health, pharmaceutical validation,
quality and regulatory affairs, telecommunications, digital and publications,
web development.
The team is organized along industry sectors so that they relate well
with you, speak your language and comprehend your needs deeper.
EIN: -
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
The Company maintains a
branch located:
Suite # 118, road no 71, Jubli Hills,
Hyderabad, 500031 - India
SHAREHOLDERS & MANAGERS
Shareholders:
- Uma CHAVALI
- Kishore CHINTHAKUNTA
Management:
- Uma CHAVALI
- Kishore CHINTHAKUNTA
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
The business is said to be
low, due to bad conditions of the market.
Banks: n/a
LEGAL FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.96 |
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1 |
Rs.88.68 |
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Euro |
1 |
Rs.72.45 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.