MIRA INFORM REPORT

 

 

Report No. :

321243

Report Date :

12.05.2015

 

IDENTIFICATION DETAILS

 

Name :

NORTH AMERICA WAVE SPECTRUM SCIENCE AND TRADE INC.

 

 

Registered Office :

352 Wedgewood Road, Morganville, NJ 07751

 

 

Country :

United States

 

 

Date of Incorporation :

05.01.2011

 

 

Legal Form :

Corporation – Profit 

 

 

Line of Business :

The Company sales vibration measurement and teaching assistance equipments, sensors, calibration equipment.

 

 

No. of Employees :

12 (including reps)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED STATES - ECONOMIC OVERVIEW

 

The US has the most technologically powerful economy in the world, with a per capita GDP of $54,800. In 2014, however, US GDP ran second to China’s, when compared on a Purchasing Power Parity basis; the US lost the top spot, where it had stood for more than a century. In the US, 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 has been a driving factor in 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. But the globalization of trade, and especially the rise of low-wage producers, has put additional downward pressure on wages and upward pressure on the returns to capital. 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.

 

 

Source : CIA

 

Company summary

 

Company name:            NORTH AMERICA WAVE SPECTRUM SCIENCE AND TRADE INC.

 

Address:                       352 Wedgewood Road, Morganville, NJ 07751 - USA

 

Telephone:                    +1 732-668-7786

 

Fax:                              +1 732-946-8691

 

Website:                       www.wavespectrumus.us

 

Corporate ID#:              4922863

 

State:                           Delaware

 

 

Judicial form:                Corporation – Profit 

 

Date incorporated:        January 5, 2011

 

Stock:             -

 

Value:             -

 

 

Name of manager:         Liwu ZHU

 

 

ACTIVITIES & OPERATIONS

 

IST

 

Business:

 

The Company sales vibration measurement and teaching assistance equipments, sensors, calibration equipment…

 

Its core engineering and technical personnel have many years of practical experience in the field of construction of large shaking tables, vibration assessment testing of nuclear power plant equipments, seismic vibration safety testing of civil structures and bridges, earthquake engineering research, seismic safety evaluation.

 

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:                  -

 

Staff:    12 (including reps)

 

 

Operations & branches:

 

At the headquarters, we find the corporate office.

 

 

SHAREHOLDERS & MANAGERS

 

Shareholders:

 

- Liwu ZHU

- Nengjia WANG

 

 

Management:

 

- Liwu ZHU

- Nengjia WANG

are Directors and Officers.

 

As far as we know, they are not involved in other local corporations.

 

 

Subsidiaries

And partnership:                        None

 

 

FINANCIALS

 

In United States, privately held corporations are not required to publish any financials.

 

On a direct call, Liwu ZHU controlled the present report and gave revenue for year 2014 up to USD 350,000= verse USD 300,000= in 2013 and USD 240,000= in 2012.

 

 

Banks:  Bank of America

                        140 Main St, Matawan, NJ 07747

            Ph: +1 732-566-1200

 

 

LEGAL FILINGS

 

Legal filings & complaints:

As of today date, there is no legal filing pending with the Courts.

 

 

Secured debts summary (UCC):   None

 

 

COMPANY CREDIT HISTORY

 

Trade references:

 

Date reported:               April 2015

High credit:                   USD 3,000

Now owing:                   0

Past due:                      0

Last purchase:              March 2015

Line of business:           Office supply

Paying status:               On terms

 

Date reported:               April 2015

High credit:                   USD 6,000+

Now owing:                   0

Past due:                      0

Last purchase:              March 2015

Line of business:           Payroll

Paying status:               As agreed

 

Date reported:               April 2015

High credit:                   USD 320

Now owing:                   0

Past due:                      0

Last purchase:              March 2015

Line of business:           Telecommunications

Paying status:               On terms

 

 

Domestic credit history:

 

 

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.

 

 

International credit history:

 

 

Payments of imports are currently made on terms.

 

 

Other comments:

 

 

The Company maintains a regular business.

 

The bank confirmed a small account.

 

The Company is in good standing.

This means that all local and federal taxes were paid on due date.

 

The risk is low.

 

 

Our opinion:

 

 

A business connection may be conducted.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.85

UK Pound

1

Rs.98.47

Euro

1

Rs.71.51

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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

 

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

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.