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Report No. : |
318963 |
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Report Date : |
27.04.2015 |
IDENTIFICATION DETAILS
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Name : |
OMNISPHERE CORPORATION |
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Registered Office : |
9950 SW 107th Avenue, Ste 100, Miami, FL 33176 |
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Country : |
United
States |
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Date of Incorporation : |
16.07.1973 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Supplies paper to printers, converting plants and paper mills. |
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No. of Employees : |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United
States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source
: CIA |
Company name: OMNISPHERE CORPORATION
Address: 9950 SW 107th Avenue, Ste 100, Miami, FL 33176 - USA
Telephone: +1 305-388-4075
Fax: +1 305-388-5380
Website: www.omnisphere.net
Corporate ID#: 430549
State: Florida
Judicial form: Corporation – Profit
Date incorporated: 07-16-1973
Stock: -
Value: -
Name of
manager: Alexander F. VALDES
Business:
Omnisphere Corporation supplies paper to printers, converting plants, and paper mills.
The company was founded in 1973 and is based in Miami, Florida with sales offices in Montreal, Mexico City, New York, Birmingham, and Dallas.
It also has warehousing facilities in Miami, Montreal, and Dallas.
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.
No name of foreign suppliers available.
EIN: 59-1472128
Staff: 11
Operations & branches:
At the
headquarters, we find the corporate office.
Shareholders:
This is a
VALDES family owned and managed company.
Management:
Alexander
F. VALDES is the President, Director and CEO
Graduate
from University of Florida, Gainesville, in 1977 with a B.A. in Electrical
Engineering.
Orlando J. VALDES is Director and Secretary
Yolanda HERNANDEZ is Director.
As far as we know,
they are involved in other corporations, including:
OMNI DEVELOPMENT GROUP LLC
9950 SW 107th Avenue, Ste 100, Miami, FL 33176
Incorporated in Florida on 12-03-2009
ID# L09000115275
PME, LLC
9950 SW 107th Avenue, Ste 100, Miami, FL 33176
Incorporated in Florida on 04-15-2011
ID# L11000051939
OMNI-DISC CORPORATION
9950 SW 107th Avenue, Ste 100, Miami, FL 33176
Incorporated in Florida on 07-03-2007
ID# P0700076786
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 2014 is in the range of USD 28,000,000=
The
business is profitable.
Banks: PNC Bank
Legal filings &
complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File number: 201207900123
Date filed: 11-16-2012
Lapse date: 11-16-2017
Secure party: PNC Bank
249 5th Avenue, Pittsburgh, PA 15222
File number: 201402222430
Date filed: 09-18-2014
Lapse date: 09-18-2019
Secure party: NMHG Financial Services Inc.
PO Box 35701, Billings, MT 59107
Trade references:
Date
reported: March 2015
High
credit: USD 15,000
Now owing: 0
Past due: 0
Last
purchase: February 2015
Line of
business: Office supply
Paying
status: On terms
Date
reported: March 2015
High
credit: USD 25,000
Now owing: 0
Past due: 0
Last
purchase: February 2015
Line of
business: Payroll
Paying
status: As agreed
Date
reported: March 2015
High
credit: USD 300
Now owing: 0
Past due: 0
Last
purchase: February 2015
Line of
business: Telecommunications
Paying
status: On 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 |
||
|
11/14 |
$1,138,000 |
100% |
0% |
0% |
0% |
0% |
|
12/14 |
$1,136,000 |
100% |
0% |
0% |
0% |
0% |
|
01/15 |
$1,083,000 |
100% |
0% |
0% |
0% |
0% |
|
02/15 |
$1,428,000 |
100% |
0% |
0% |
0% |
0% |
|
03/15 |
$1,309,000 |
100% |
0% |
0% |
0% |
0% |
|
04/15 |
$1,319,000 |
100% |
0% |
0% |
0% |
0% |
National
Credit Bureaus gave a satisfying credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made on due date.
Other comments:
The Company
is developing a strong 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.
Last report
was filed on 03-03-2015.
The risk is
low.
Our opinion:
A business
connection may be conducted.
Bottom of Form
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>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 |
|
|
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 |
|
|
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.