MIRA INFORM REPORT

 

 

Report Date :

09.11.2012

 

IDENTIFICATION DETAILS

 

Name :

GATAN INC

 

 

Registered Office :

5794 W. Las Positas Blvd, Pleasanton, CA 94588

 

 

 

 

Country :

United States of America

 

 

 

 

Date of Incorporation :

1964

 

 

 

 

Legal Form :

Corporation – Profit

 

 

 

 

Line of Business :

Designs and Manufactures instruments, products, and software for electron microscopes (EM) to enhance and advance EM applications.

 

 

 

 

No. of Employees :

100

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

(31.03.2011)

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


Company name

 

GATAN INC

 

 

Address        

 

5794 W. Las Positas Blvd, Pleasanton, CA 94588 - USA

 

Telephone:                    +1 925-463-0200

 

Fax:                              +1 925-463-0204

 

Website:                                   www.gatan.com

 

Corporate ID#:               2099092

 

State:                           Pennsylvania

 

Judicial form:                 Corporation – Profit

 

Date incorporated:          07-17-1992

 

Date founded:               1964

 

Stock:                            -

 

Value:                           -

 

Name of manager:          Benjamin WOOD

 

 

ACTIVITIES & OPERATIONS

 

IST

 

Business:

 

Gatan, Inc. designs and manufactures instruments, products, and software for electron microscopes (EM) to enhance and advance EM applications.

It offers specimen preparation tools, such as instruments for the EM specimen prep lab; specimen holders, including analytical, cooling and cryo transfer, environmental cell and vacuum transfer, and tomography holders, as well as heating, straining, and multiple specimen transfer holders; and cooled CCD cameras for TEM applications and the electron microscopy.

The company also provides electron energy loss spectroscopy and energy-filtered TEM hardware and software that provide information about material samples, which include sample thickness, elemental and chemical composition, electronic structure and energy levels, frequency-dependent dielectric response, and element-specific radial distribution of atoms; and SEM instruments to enhance the SEM.

 

 

In addition, it offers products to enhance and support scanning-mode TEM analysis; CL imaging, spectroscopy, and spectrum imaging systems for optoelectronics, advanced materials, geological, and mineralogical research, as well as cryo-SEM products; and Gatan Microscopy Suite, a data acquisition, processing, and analysis environment, as well as DigitalMicrograph software for acquiring, analyzing, and processing image data by scientists, researchers, and electron microscopy professionals.

Further, Gatan provides 3View, a 3D microscopy to provide aligned image stacks; and XuM, a SEM-hosted high resolution x-ray microscope that provides an internal view of the structure of samples.

GATAN INC. exports worldwide.

As of May 31, 2006, Gatan, Inc. operates as a subsidiary of Roper Industries, Inc.

 

EIN:                  -

 

Staff:     100

 

 

Operations & branches

 

At the headquarters, we find a factory, warehouse and office, owned.

 

The Company maintains another factory located:

 

780 Commonwealth Drive

Warrendale, PA 15086

Ph: 724-776-5260

Fx: 724-776-3360

 

and trade branches located:

 

3F Sakurai building
2-8-19 Fukagawa, Koto-ku
Tokyo 135-0033, Japan

10 Eunos Road 8, #12-06
Singpore Post Centre
Singapore 408600

25 Nuffield Way
Abingdon Oxon, OX14 1RL
UK

 

and others.

 

 

SHAREHOLDERS & MANAGERS

 

Shareholders:

 

ROPER INDUSTRIES, INC.

6901 Professional Parkway E., Ste 200

Lakewood Ranch, FL 34240

 

Roper Industries, Inc. designs, manufactures, and distributes radio frequency (RF) products and services, industrial technology products, energy systems and controls, and medical and scientific imaging products and software.

Its Medical and Scientific Imaging segment offers patient positioning devices, 3-D measurement technology, diagnostic and therapeutic disposable products, ultrasound bladder volume measurement instruments, and video laryngoscopes; digital imaging products and software; and handheld and vehicle mount computers and software. The company’s Energy Systems and Controls segment produces control systems, fluid properties testing equipment, industrial valves and controls, sensors and controls, and non-destructive inspection and measurement products and solutions. Its Industrial Technology segment produces water and fluid handling pumps, equipment and consumables, leak testing equipment, flow measurement and metering equipment, water meter, and automatic meter reading products and systems. The company’s RF Technology segment provides radio frequency identification communication technology and software solutions that are used in toll and traffic systems and processing; security and access control; campus card systems; software-as-a-service in the freight matching and food industries; and metering and remote monitoring applications. It markets its products to RF applications, medical, water, energy, research, education, software-as-a-service-based information networks, and security markets. The company distributes its products through direct sales personnel, manufacturers’ representatives, value added resellers, original equipment manufacturers, and distributors.

It principally operates in the United States, Canada, Asia, Europe, the Middle East, and South America.

The Company is listed with the NYSE under symbol ROP.

Sales 2011: USD 2,797,100,000=

Ney profit: USD   427,200,000=

 

Management:

 

Benjamin W. WOOD, President

Benjamin W. Wood has been Vice President, Scientific and Industrial Imaging of Roper Industries Inc., since May 2003. Prior to joining Roper Industries Inc., Mr. Wood served for four years at IR in strategic planning, financial analysis, and business development roles and served as Vice President of marketing for the infrastructure sector in 2000. Mr. Woods earlier experiences include 11 years in Asia in entrepreneurial and corporate roles for technology and software companies, and served as Managing Director of Datamatic, Inc.

 

Jack BUHSMER, Vice President

David LINER, Secretary

Ed MORRISSEY, Treasurer

 

Subsidiaries

And partnership:

 

GATAN GMBH

Ingolstadterstr. 12
D-80807 München
Germany
Ph: +49 89 358084-0
Fx: +49 89 358084-77

 

 

 

FINANCIALS

 

In United States, privately held corporations are not required to publish any financials.

 

On a direct call, a financial assistant controlled the present report.

 

Sales declared for year 2011 is in the range of USD 31,000,000= with a net profit of USD 1,000,000=

 

 

Banks:  Bank of the West

475 Sansome Street, San Francisco, CA 94111

Ph: 415-956-5174

                       

 

LEGAL FILINGS

 

Legal filings & complaints:

 

As of today date, there is no legal filing pending with the Courts.

 

Secured debts summary (UCC):  

 

File number: 007022604292

Date filed: 02-26-2007

Lapse date: 02-26-2017

Secured Party: Bank of the West

475 Sansome Street, San Francisco, CA 94111

 

File number: 2011050608964

Date filed: 05-06-2011

Lapse date: 05-06-2016

Secured Party: Hitachi High Technologies America, Inc.

10 North Martingale Road, Schuamburg, IL 60173

 

Haut du formulaire

 

 

COMPANY CREDIT HISTORY

 

Trade references:

 

Date reported:                October 2012

High credit:                    USD 15,000

Now owing:                                0

Past due:                                  0

Last purchase:               September 2012

Line of business:            Office supply

Paying status:               On terms

Date reported:                October 2012

High credit:                    USD 250,000+

Now owing:                                0

Past due:                                  0

Last purchase:               September 2012

Line of business:            Payroll

Paying status:               As agreed

 

Date reported:                October 2012

High credit:                    USD 1,5000

Now owing:                                0

Past due:                                  0

Last purchase:               September 2012

Line of business:            Telecommunications

Paying status:               On terms

 

Domestic credit history:

 

Domestic credit history appears as follow:

 

Monthly Payment Trends - Recent Activity

 

 

Date

Balance

Current

Up to 30 DBT

31-60 DBT

61-90 DBT

>90 DBT

04/12

$124,000

100%

0%

0%

0%

0%

05/12

$122,000

100%

0%

0%

0%

0%

06/12

$121,000

100%

0%

0%

0%

0%

07/12

$123,000

100%

0%

0%

0%

0%

08/12

$124,000

100%

0%

0%

0%

0%

09/12

$123,000

100%

0%

0%

0%

0%

 

National Credit Bureaus gave a satisfying credit rating.

 

International credit history:

 

Payments of imports are currently made on terms.

 

Other comments:

 

The Company maintains a regular business.

 

The bank confirmed a correct account with a 7 figures medium.

 

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

 

The risk is low.

 

Our opinion:

 

A business connection may be conducted.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.44

UK Pound

1

Rs.87.00

Euro

1

Rs.69.47

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.