MIRA
INFORM REPORT
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Report Date : |
11.12.2013 |
IDENTIFICATION DETAILS
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Name : |
GENERON IGS INC |
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Registered Office : |
16250 State
Highway 249, Houston, TX 77086-1014 |
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Country : |
United States |
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Year of Establishments: |
1989 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
manufacturer of
medical, surgical, ophthalmic, veterinary instruments and apparatus. |
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No. of Employees : |
150 |
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 : |
Slow but Correct |
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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 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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.
Besides 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. In 2012 the federal government
reduced the growth of spending and the deficit shrank to 7.6% 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, the 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. In December
2012, the Federal Reserve Board announced plans to purchase $85 billion per
month of mortgage-backed and Treasury securities in an effort to hold down
long-term interest rates, and to keep short term rates near zero until
unemployment drops to 6.5% from the December rate of 7.8%, or until inflation
rises above 2.5%. 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.
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Source : CIA |
Company
name & address
Generon Igs Inc
16250 State
Highway 249
Houston, TX
77086-1014
United States
Tel: 713-937-5200
Fax: 713-937-5250
Toll Free: 800-871-0310
Web: www.igs-global.com
company
summary
Employees: 150
Company Type: Private
Independent
Incorporation
Date: 1989
Financials in: USD (Millions)
Reporting
Currency: US Dollar
Annual Sales: 20.3
Total Assets: NA
Business
Description
Establishments
primarily engaged in manufacturing medical, surgical, ophthalmic, veterinary
instruments and apparatus.
Industry
Industry
Medical Equipment and Supplies
ANZSIC 2006: 2412 - Medical and Surgical Equipment
Manufacturing
ISIC Rev 4: 3250 - Manufacture of medical and
dental instruments and supplies
NACE Rev 2: 3250 - Manufacture of medical and dental
instruments and supplies
NAICS 2012: 339112 - Surgical and Medical Instrument
Manufacturing
UK SIC 2007: 3250 - Manufacture of medical and dental
instruments and supplies
US SIC 1987: 3841 - Surgical and Medical Instruments and
Apparatus
Key
Executives
(Emails Available)
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Name |
Title |
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Tom Jeffers |
Owner, Marketing Executive,
Sales Executive |
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Ej Devine |
Finance Executive, Human
Resources Executive |
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Dave Brown |
IT Executive, Telecommunications
Executive |
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Leonard Piercy |
Purchasing Agent |
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Tim Purcell |
Engineering/Technical |
1 - Profit & Loss Item Exchange Rate: USD 1 =
USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate
Overview
Location
16250 State Highway 249
Houston, TX, 77086-1014
Harris County
United States
Tel: 713-937-5200
Fax: 713-937-5250
Toll Free Tel: 800-871-0310
Web: www.igs-global.com
Sales USD(mil): 20.3
Assets USD(mil): NA
Employees: 150
Industry: Medical
Equipment and Supplies
Incorporation Date: 1989
Company Type: Private
Independent
Quoted Status: Not
Quoted
Owner, Marketing Executive, Sales Executive:
Tom Jeffers
Industry Codes
ANZSIC 2006 Codes:
2412 - Medical and Surgical Equipment
Manufacturing
3323 - Industrial and Agricultural Chemical
Product Wholesaling
ISIC Rev 4 Codes:
3250 - Manufacture of medical and dental
instruments and supplies
4669 - Wholesale of waste and scrap and other
products n.e.c.
NACE Rev 2 Codes:
3250 - Manufacture of medical and dental
instruments and supplies
4675 - Wholesale of chemical products
NAICS 2012 Codes:
339112 - Surgical
and Medical Instrument Manufacturing
424690 - Other
Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
3841 - Surgical
and Medical Instruments and Apparatus
5169 - Chemicals
and Allied Products, Not Elsewhere Classified
UK SIC 2007:
3250 - Manufacture
of medical and dental instruments and supplies
4675 - Wholesale
of chemical products
Business Description
Establishments
primarily engaged in manufacturing medical, surgical, ophthalmic, veterinary
instruments and apparatus.
|
Product Code |
Product Description |
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MAN-CH |
Hollow fiber membrane module
separation machines |
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MAN-CH |
Pressure swing adsorption
machines |
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SUB-ES-GF |
Gas generators |
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ABI Number: |
491822722 |
Credit Report as of 04/01/2013
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Location |
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16250 State Highway 249 |
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County: |
Harris |
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MSA: |
Houston, TX |
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Phone: |
713-937-5200 |
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Fax: |
713-937-5250 |
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Toll Free: |
800-871-0310 |
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URL: |
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ABI©: |
491822722 |
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Annual Sales: |
$20,280,000 (USD) |
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Employees: |
150 |
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Facility Size(ft2): |
40,000+ |
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Facility Own/Lease: |
Lease |
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Business Type: |
Private |
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Location Type: |
Single Location |
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Primary Line of Business: |
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SIC: |
3841-04 - Physicians & Surgeons Equip & Supls-Mfrs |
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NAICS: |
339112 - Surgical & Medical Instrument Mfg |
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Secondary Lines of Business: |
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NAICS: |
424690 - Other Chemical Merchant Whols |
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SICs: |
5169-50 - Nitrogen (Whls) |
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9999-66 - Federal Government Contractors |
Executive
report
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Executives |
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Owner, Marketing Executive, Sales Executive |
Owner/Proprietor |
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Finance Executive, Human Resources Executive |
Finance Executive |
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IT Executive, Telecommunications Executive |
Engineering/Technical Executive |
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Engineering/Technical |
Engineering/Technical Executive |
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Purchasing Agent |
Purchasing Executive |
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Generon Sends Nitrogen Membrane System To Middle
East
Compressor Tech 2
5 September, 2013
Generon IGS is shipping
an integrated skidded nitrogen membrane system with duplex primary oil-free air
compression and an air dryer to the Middle East. The system will be used for
the West Qurna Second Field Phase Project. The system, which meets PED and CE
Generon IGS Ships Nitrogen Generator to Middle East for Inerting
of Process Gas
Manufacturing Digital
5 September, 2013
Houston-based air
separation membrane technology supplier Generon IGS ships large Integrated
Skidded Nitrogen Membrane System with Duplex Primary Oil Free Air Compression
and Air Dryer to the Middle East. This system will be used for the West Qurna
Second .
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.21 |
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UK Pound |
1 |
Rs.100.65 |
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Euro |
1 |
Rs.84.15 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.