MIRA INFORM REPORT
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Report No. : |
347396 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
GEOPHYSICAL SURVEY SYSTEMS, INC. |
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Registered Office : |
40 Simon Street, Nashua, NH 03060 |
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Country : |
United State |
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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 : |
Develops and manufactures ground penetrating
radar (GPR) and electromagnetic (EM) induction instruments. |
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No. of Employee : |
80 |
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 : |
Slow but correct |
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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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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United State |
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 STATE ECONOMIC OVERVIEW
The US
has the most technologically powerful economy in the world, with a per capita GDP
of $54,800. US firms are at or near the forefront in technological advances,
especially in computers, pharmaceuticals, and medical, aerospace, and military
equipment; however, their advantage has narrowed since the end of World War II.
Based on a comparison of GDP measured at Purchasing Power Parity conversion
rates, the US economy in 2014, having stood as the largest in the world for
more than a century, slipped into second place behind China, which has more
than tripled the US growth rate for each year of the past four decades.
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.
Long-term
problems for the US 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.
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 such as China, has put additional downward pressure on wages
and upward pressure on the return 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 and oil has a major impact on the
overall health of the economy. 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, the US Congress established a $700 billion
Troubled Asset Relief Program (TARP) in October 2008. 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 2014, the direct costs of the wars totaled more than $1.5
trillion, 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 dropped below 6.5% or inflation rose 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 ended the purchases during the summer of 2014. In
2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by
mid-2015, the lowest rate of joblessness since before the global recession
began; inflation stood at 1.7%, and public debt as a share of GDP continued to
decline, following several years of increase.
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Source
: CIA |
Company
name and summary
Company name: GEOPHYSICAL
SURVEY SYSTEMS, INC.
Address: 40 Simon
Street, Nashua, NH 03060 - USA
Telephone: +1
603-893-1109
Fax: +1 603-889-3984
Website: www.geophysical.com
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
History:
Business relocated from 12 Industrial Way,
Salem, NH 03079, on 08-14-2015.
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.
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.
EIN: -
Staff: 80
Operations & branches:
At the headquarters, we
find the corporate office, production facility and warehouse on 70,000 sq.
feet.
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.
Donald K. WALCZYK is the Treasurer.
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 2015 is in the range of USD 25,000,000=
The business is profitable.
Banks: Bank of the West
LEGAL
FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC): None