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Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
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Name : |
HACH COMPANY |
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Registered Office : |
Corporation Trust Center 1209 Orange Street - Wilmington -
New Castle - DE 19801 - USA |
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Country : |
United States |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1947 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures and distributes analytical instruments, test kits,
and reagents that are used to test the quality of water and other aqueous
solutions. |
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No. of Employees : |
955 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 $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
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Ordered as: |
Hach Company |
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Address in the order: |
5600 Lind Bergh Drive POB 389 Loveland Co 80539 0389 |
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Legal Name: |
HACH COMPANY |
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Legal Address |
Corporation Trust Center 1209 Orange Street - Wilmington -
New Castle - DE 19801 - USA (Registered Agent Address) |
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Operative Address |
5600 Lindbergh Drive, Loveland, CO 80539-0389, USA
(Headquarters) |
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Mailing Address |
P.O. Box 389, Loveland, Colorado 80539-0389, USA |
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Telephone: |
+1 (970) 669-3050 |
ID : |
0675529 |
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Fax: |
+1 (970) 669-2932 |
Legal Form: |
Corporation for Profit |
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Email: |
info@hach.com |
Registered in: |
Delaware |
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Website: |
http://www.hach.com/ |
Date Created: |
1947 |
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Manager: |
Mrs. Kathryn Hach-Darrow, Founder |
Date Incorporated: |
April 3rd 1968 |
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Staff: |
955 |
Stock: |
100,000 |
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Value: |
0.010000 Par Value/Share |
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Activity: |
It manufactures and distributes analytical instruments, test
kits, and reagents that are used to test the quality of water and other
aqueous solutions. |
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Name of the Bank |
BANK OF AMERICA |
BUSINESS
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HISTORY |
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The company was founded in 1947 and is based in Loveland,
Colorado. |
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PRINCIPAL ACTIVITY |
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Hach Company manufactures and distributes analytical
instruments, test kits, and reagents that are used to test the quality of
water and other aqueous solutions in laboratory, process, and field
applications. |
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Products/Services description: |
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The company provides spectrophotometers and colorimeters;
electrochemical products; test kits and portable systems; turbidimeters; chemicals,
reagents, and standards; laboratory supplies; process instruments and
analyzers; process controllers; and reagents and standards for on-line
analysis. It also offers microbiological testing products, flow systems and
data communication systems, samplers and sampling systems, data management
systems, security monitoring/emergency response systems, particle counters,
gas analyzers, and instruments replacement parts and accessories. (Among others) |
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Sales are: |
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Wholesale |
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Brands: |
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In addition to hundreds of Hach branded products, other
family brands including ANATEL, Evita, GLI, Hydrolab, Lachat Instruments,
ORBISPHERE, OTT Hydrometry,Sigma, and more. |
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Clients: |
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Aerospace, chemical, engineering, municipal wastewater,
pulp and paper, beverage, drinking water, food, offshore, soft drinks,
bottled water, electronics, life sciences, and power generation industries. |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers
for us to check trade references. |
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The company exports to worldwide, depending on the
demand |
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Trade References: |
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We couldn’t contact a person at the company’s to provide
us the trade references. |
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The subject employs 955 employee(s) |
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Comments on staff: |
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We found from other sources the company would employ 900
people. This information could not be confirmed by the staff. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 5600 Lindbergh Drive,
Loveland, CO 80539-0389, USA. |
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Comments on location: |
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The company was incorporated in the Delaware Secretary of
State for tax purposes. |
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Branches: |
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The company has manufacturing facilities in Loveland,
Colorado; and Ames, Iowa. |
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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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Hach Company operates as a subsidiary of Danaher Corp.
(DHR) 2200 Pennsylvania Avenue NW Suite 800 West Washington, DC 20037 United States - Phone: 202-828-0850 Fax: 202-828-0860 Website: http://www.danaher.com |
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Management: |
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Mrs. Kathryn Hach-Darrow, Founder Mr. Jon Clark, President Mr. Gary R. Dreher, Chief Financial Officer Dr. Kenneth Ogan, Chief Technical Officer and Vice
President |
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As a private company the subject does not publish any
financial statements. |
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We have contacted the company but we were directed to a
voicemail while looking for the Accounts Payable Department. We left a
message. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
175,000,000 |
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The cash flow is |
Normal |
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Comments on the financial
data: The company’s 2011 financials are believed to remain in
the same range with the one in 2010. |
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Legal Filings |
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There are several
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. |
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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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The subject is a big size company. It started its operations in 1947. Therefore, it has an
excellent experience in its field. HACH COMPANY manufactures and distributes analytical
instruments and reagents used to test the quality of water and other liquid
solutions in drinking water, wastewater, power generation, hydraulic
fracturing and brewing industries. The company operates as a subsidiary of Danaher Corp,
public company trading at the NYSE Stock exchange. It seems to have a solid business structure, with several
affiliated companies and a well reputation in the market. There were no legal filings found against the company or
its legal representatives. To fully secure the credit line granted, we suggest
calling the parent company as a guarantor. |
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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Comments |
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We were transferred to a voicemail while trying to reach the
Accounts Payable Department. We left them a message but we haven't received
an answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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|
1 |
Rs.88.84 |
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Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.