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Report No. : |
347116 |
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Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
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Name : |
RADIOMETRICS CORPORATION |
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Registered Office : |
4909 Nautilus Court North, Ste 110, Boulder, CO 80301 |
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Country : |
United State |
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Date of Incorporation : |
10.08.1987 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is the world leader in the development, manufacturing and sale
of ground-based microwave radiometers for atmospheric remote sensing. |
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No. of Employee : |
25 |
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 – 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: RADIOMETRICS
CORPORATION
Address: 4909 Nautilus Court North, Ste 110, Boulder,
CO 80301 - USA
Telephone: +1
303-449-9192
Fax: +1 303-786-9343
Website: www.radiometrics.com
Corporate ID#: 19871737285
State: Colorado
Judicial form: Corporation – Profit
Date incorporated: August
10, 1987
Stock: 500,000
shares common
Value: No
par value
Name of manager: Lloyd
Richard ROCHESTER
Business:
Radiometrics Corporation is the world leader in the development, manufacturing
and sale of ground-based microwave radiometers for atmospheric remote sensing.
Radiometrics also develops and manufactures polarimetric radiometers for remote
sensing of the atmosphere and terrestrial surface. These small, portable single
channel radiometers are designed for operation on aircraft and land vehicles.
The company was founded in 1986 and maintains 10,000 square feet of
office and manufacturing space in Boulder, Colorado.
The Company exports to South and Central America.
On April 2, 2015, Radiometrics Corp has been selected for the 2015 Best
of Boulder Award in the Manufacturers category by the Boulder Award Program.
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: 84-1065725
Staff: 25
Operations & branches:
At the headquarters, we
find a factory and office, on lease.
Shareholders:
This is a private Company.
Management:
Lloyd Richard ROCHESTER
“Dick” is the President, Director and CEO.
Graduate from University of
Colorado Boulder.
Present here since April
2011.
Victor MARKIN has been Director of Engineering at Radiometrics
Corporation since March 20, 2012.
He has over 30 years of academic and practical experience in microwave
radio hardware design.
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a Secretary
controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (Great
Western Bank) gave estimate sales for fiscal year ending August 2015 in the
range of USD 5,000,000=
The business is said to be
profitable.
Banks: Great Western Bank
2775 Pearl St,
Boulder, CO 80302
Ph: +1-303-447-0444
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary
(UCC):
File number Date filed Secured Party Lapse date
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06/21/2011 |
PREMIER BANK |
06/21/2016 |
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09/29/2011 |
GREAT WESTERN BANK |
09/29/2016 |
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03/22/2013 |
GREAT WESTERN BANK |
03/22/2017 |