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Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
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Name : |
AQUA-AEROBIC-SYSTEMS, INC. |
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Registered Office : |
6306 N. Alpine Road, Loves Park, IL 61111 |
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Country : |
United States |
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Date of Incorporation : |
24.10.1919 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· engaged in the design, application, and manufacture of wastewater treatment equipment and systems for municipal and industrial markets. · Subject offers aeration and mixing, biological processes, cloth media filtration, membranes, and control as well as monitoring systems solutions. · Subject also provides aftermarket and customer services; as well as operates a Web store. |
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No of Employees : |
130 |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 (Fed) 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
below 6.5% or inflation rises above 2.5%. In late 2013, the Fed announced that
it would begin scaling back long-term bond purchases to $75 billion per month
in January 2014 and reduce them further as conditions warranted; the Fed,
however, would keep short-term rates near zero so long as unemployment and
inflation had not crossed the previously stated thresholds. 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.
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Source : CIA |
Company name: AQUA-AEROBIC-SYSTEMS, INC.
Address: 6306 N. Alpine Road, Loves Park, IL
61111 - USA
Telephone: +1
815-654-2501
Fax: +1 815-654-2508
Website: www.aqua-aerobic.com
Corporate ID#: 15144122
State: Illinois
Judicial form: Corporation – Profit
Date incorporated: 10-24-1919
Name of manager: Robert
J. WIMMER
Business:
Aqua-Aerobic Systems, Inc. engages in the design, application, and
manufacture of wastewater treatment equipment and systems for municipal and
industrial markets.
It offers aeration and mixing, biological processes, cloth media
filtration, membranes, and control as well as monitoring systems solutions.
It also provides aftermarket and customer services; as well as operates
a Web store.
The company offers its products through representatives in China,
Mexico, Peru, the Middle East, and Australia.
In addition, Aqua-Aerobic Systems provides biological processes under
the AquaExcel and AquaPASS brand names.
The company was incorporated in 1919 and is based in Rockford, Illinois.
Exports to South and Central America.
Last news:
On July 25, 2014, Robert Wimmer, President and CEO of Aqua-Aerobic
Systems, Inc., was inducted into the Northern Illinois Business Hall of
Fame.
On November 2014, Aqua-Aerobic Systems was among 15 companies recognized
by Governor Pat Quinn for outstanding accomplishments in the export of Illinois
goods and services around the globe.
Aqua-Aerobic Systems, which began exporting in 1974, earned the Exporter
Continuing Excellence Award. The company’s primary international markets
include Asia, Latin America, Africa, the Middle East, Canada and Europe.
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.
Foreign suppliers
include:
Corstar Environmental Equipment
Shanghai Ltd.
2303 Charity Plaza 88 North Cao
Xiroad Shanghai 20030
EIN: 36-1795700
Staff: 130
Operations & branches:
At the headquarters, we find
a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Management:
Robert J. WIMMER is the President, Director and CEO.
Jay BAKER is the CFO and Secretary.
As far as we know, they are not involved in other local corporations.
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2013 in excess of
USD 20,000,000+
The business is profitable.
Banks: Rockford Bank and Trust
4571 Guilford Rd,
Rockford, IL 61110
Ph: +1
815-489-2114
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary (UCC):
|
File Number |
Filing Date |
Secured Party |
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10/23/2014 |
GREATAMERICA FINANCIAL SERVICES
CORPORATION |
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08/15/2013 |
BMO HARRIS BANK N.A. |
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07/01/2013 |
GROUND/WATER TREATMENT &
TECHNOLOGY, INC. |
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04/23/2013 |
GREATAMERICA FINANCIAL SERVICES
CORPORATION |
|
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08/12/2010 |
OCE FINANCIAL SERVICES, INC. |
|
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12/22/2009 |
GREATAMERICA LEASING CORPORATION |