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Report Date : |
20.12.2013 |
IDENTIFICATION DETAILS
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Name : |
A G EQUIPMENT COMPANY |
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Registered Office : |
3401 W. Albany, Broken Arrow, OK 74012 |
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Country : |
United States |
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Date of Incorporation : |
11.06.1979 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject manufactures compressor packages. The company provides rotary
screws. It also offers packaging of air pipeline testing, hydrogen, and
natural gas gathering; and installation of air drilling rig and fuel gas
boosters, and refinery, non-lube, and dual in the United States and
internationally. |
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No. of Employees : |
300+ |
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 : |
Moderate |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 was designed to 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.
|
Source
: CIA |
Company name: A G EQUIPMENT COMPANY
Address: 3401 W. Albany, Broken Arrow, OK
74012 - USA
Telephone: +1
918-250-7386
Fax: +1 918-250-7393
Website: www.agequipmentcompany.com
Corporate ID#: 1900336376
State: Oklahoma
Judicial form: Corporation – Profit
Date incorporated: June
11, 1979
Stock: -
Value: -
Name of manager: Henry
Grady ASH
Business:
A G Equipment Company, Inc. manufactures compressor packages. The
company provides rotary screws.
It also offers packaging of air pipeline testing, hydrogen, and natural
gas gathering; and installation of air drilling rig and fuel gas boosters, and
refinery, non-lube, and dual in the United States and internationally.
The company was founded in 1979 and is based in Broken Arrow, Oklahoma.
A G Equipment Company has approximately 3,100 compressor packages
installed and operating throughout the world from the Northern Hemisphere
to the Southern Hemisphere
Office
of the Foreign Assets Control (OFAC):
The company is not listed on the OFAC list.
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 Company exports to South and Central America.
EIN: 73-1070068
Staff: 300+
Operations & branches:
At the headquarters, we
find a large factory, warehouse and office on 312,050 sq. ft. owned.
Shareholders:
This is a private company.
Management:
Henry Grady ASH is the CEO
Kent BRIGHT is the
President
Douglas BASSETT is the
Controller
(no antecedents available)
As far as we know, he is 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, a
financial assistant controlled the present report.
Sales declared for year
2012 is in the range of USD 315,000,000= The business is profitable.
Banks: Bank of Oklahoma
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File number: 20100119020053540
Date filed: 01-19-2010
Lapse date: 01-19-2015
Secured Party: Alloy Welding
Supply, Inc.
1717
Highway 97 North, Sapulpa, OK 74066
File number: 20100120020060030
Date filed: 01-20-2010
Lapse date: 01-20-2015
Secured Party: Alloy Welding
Supply, Inc.
1717
Highway 97 North, Sapulpa, OK 74066
Trade references:
Date reported: November 2013
High credit: USD 30,000
Now owing: 0
Past due: 0
Last purchase: October 2013
Line of business: Office supply
Paying status: 3 days beyond terms
Date reported: November 2013
High credit: USD 400,000
Now owing: 0
Past due: 0
Last purchase: October 2013
Line of business: Payroll
Paying status: As agreed
Date reported: November 2013
High credit: USD 1,000
Now owing: 0
Past due: 0
Last purchase: October 2013
Line of business: Telecommunications
Paying status: 6 days beyond terms
Domestic credit history
Domestic credit history
appears as follow:
Monthly Payment Trends - Recent Activity
|
Date |
Up to 30 DBT |
31-60 DBT |
61-90 DBT |
>90 DBT |
||
|
06/13 |
$216,900 |
91% |
9% |
0% |
0% |
0% |
|
07/13 |
$181,400 |
96% |
4% |
0% |
0% |
0% |
|
08/13 |
$176,600 |
89% |
10% |
1% |
0% |
0% |
|
09/13 |
$216,900 |
92% |
8% |
0% |
0% |
0% |
|
10/13 |
$168,900 |
67% |
33% |
0% |
0% |
0% |
|
11/13 |
$211,600 |
77% |
23% |
0% |
0% |
0% |
National Credit Bureaus
gave a medium credit rating.
According to our credit analysts, during the last 6 months, domestic payments
were made with an average of 5 days beyond terms.
International
credit history:
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
Other comments:
The Company maintains its
business.
The bank confirmed a regular
account.
The Company is in good
standing.
This means that all local
and federal taxes were paid on due date.
The risk is medium/low.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
|
1 |
Rs.102.15 |
|
Euro |
1 |
Rs.85.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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.