MIRA INFORM REPORT
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Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
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Name : |
GEOPHYSICAL SURVEY SYSTEMS, INC |
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Registered Office : |
12 Industrial Way, Salem, NH 03079 |
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Country : |
United States |
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Date of Incorporation : |
03.02.1970 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject develops and manufactures ground penetrating
radar (GPR) and electromagnetic (EM) induction instruments. |
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No. of Employees : |
60 |
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 : |
Slow |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
Company name: GEOPHYSICAL SURVEY SYSTEMS, INC.
Address: 12 Industrial Way, Salem, NH 03079 - USA
Telephone: +1
603-893-1109
Fax: +1 603-889-3984
Website: www.geophysical.com
COMPANY SUMMARY
Corporate ID#: 020278634
State: Massachusetts
Judicial form: Corporation – Profit
Date incorporated: February
3, 1970
Stock: 4,000,000
shares (1,000 shares issued and outstanding)
Value: No
par value
Name of manager: Christopher
C. HAWEKOTTE
ACTIVITIES &
OPERATIONS
Business:
Geophysical Survey Systems, Inc. develops and manufactures
ground penetrating radar (GPR) and electromagnetic (EM) induction instruments.
It offers StructureScan Optical, a concrete
inspection tool for wall and floor scanning; StructureScan Standard that
provides concrete inspection results to contractors; StructureScan Mini HR, a
GPR system for concrete inspection that locates rebar, conduits, and
post-tension; and StructureScan Mini, a GPR system for concrete inspection that
locates rebar, conduits, post-tension cables, and voids, as well as determines
concrete slab thickness in real-time. The company also provides UtilityScan DF,
a GPR unit for utility locating; UtilityScan, a GPR solution for the
designation of subsurface utilities; UtilityScan LT, a GPR solution to identify
the location and depth of underground utilities in real-time; RoadScan 30, a
system to determine pavement layer thickness; and BridgeScan, a GPR system for
determining the condition of aging bridge decks, parking structures, balconies,
and other concrete structures.
In addition, it offers Profiler EMP-400, an EM
induction tool; SIR-30, a multi-channel radar control unit for real-time
processing; SIR-20, a multi-channel GPR data acquisition unit; and SIR-3000, a
small, lightweight system for single-user operation; RADAN, a GPR data
processing software solution; and GPR antennas and training services.
The company serves concrete inspection, utility
mapping and locating, road and bridge deck evaluation, geophysics, archaeology,
infrastructure, public works, transportation, golf course management,
environmental assessment, ice and snow investigation, agricultural and
forestry, mining, railway evaluation, forensics, military and security, and
research markets.
It distributes its products through application
specialists and representatives worldwide.
The company was founded in 1970 and is based in
Salem, New Hampshire. Geophysical Survey Systems, Inc. operates as a subsidiary
of OYO Corporation.
EIN: -
Staff: 60
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
The factory is located:
13 Klein Drive,
Salem, NH
SHAREHOLDERS & MANAGERS
Shareholders:
OYO CORPORATION U.S.A.
245 North Carmelo Avenue, Pasadena, CA 91107 – USA
Which is a wholly owned subsidiary of :
OYO CORPORATION
2-6 Kudan-kita 4-chome
Chiyoda-ku, Tokyo, 102-0073
Japan
OYO Corporation provides engineering and consultancy services, as well
as manufacture of measurement instruments primarily in Japan.
The company’s engineering services include geotechnical survey, rock
mechanics and soil mechanics testing, borehole logging, and maintenance of
infrastructure facilities for the construction domain; pollution prevention and
remediation, underground water investigation, and heavy metal analysis for the
environment domain; estimation and minimization of damage, tsunami simulation,
rock fall simulation, and flood simulation for disaster management domain; and
geophysical exploration and laboratory testing for the future energy and
natural resources domain.
It also offers consultation services for new buildings and
infrastructure projects, traffic management, and tunnel assessment; preserving
and reviving natural environment, pollution recovery planning, river
management, and CCS; natural hazard management, business continuity management,
and disaster recovery planning; and new energy development, and site selection
and assessment.
In addition, the company provides instruments for geotechnical and
non-destructive testing; environmental, earthquake, and landslide monitoring;
UX/IED detection; and geophysical exploration.
Its instruments comprise LLT and elasto-meters for facilitating
geotechnical investigations; S&DL mini that allows measurement of
electrical conductivity, as well as water levels and temperatures; i-SENSOR, a
wireless landslide monitoring system; and GeoEel Solid, a seismograph for
exploration of natural resources under the sea bottom.
The company was founded in 1954 and is based in Tokyo, Japan.
Management:
Christopher C. HAWEKOTTE, President, Director and CEO
Others Directors include Tadashi JIMBO and Hiromasa SHIMA.
Charles H. STILL is Secretary.
Subsidiaries
And partnership: None
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 but deferred any financials.
We sent a fax but no answer
received.
However, sales estimate for
fiscal year ending September 2012 is in the range of USD 22,000,000=
The business is profitable.
Banks: Bank of the West
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LEGAL FILINGS
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File number: 200540086380
Date filed: 06-28-2005
Lapse date: 06-28-2015
Secured Party: Bank of the
West
1977 Saturn Street, Monterey Park, CA 91766