MIRA INFORM REPORT

Report No. :	503693
Report Date :	19.04.2018

IDENTIFICATION DETAILS

Name :	HDD BROKER
Registered Office :	9240 Bonita Beach Road SE, Suite 3300 Bonita Springs FL 34135
Country :	United States
Financials (as on) :	2016 (Summarized)
Year of establishment :	2008
Legal Form :	Private Company
Line of Business :	Subject is a brokerage firm that advertises and sells horizontal direction drilling (HDD) rigs and related equipment.
No. of Employees :	7

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Small Company
Payment Behaviour :	Slow but correct
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the most technologically powerful economy in the world, with a per capita GDP of $59,500. 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, businesses 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 more than 50% 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. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.

The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, 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, Congress passed and former 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. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.

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 FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.

In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.

In July 2010, the former 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%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.

In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.

Source : CIA

STATUTORY INFORMATION

Legal Name:

HDD Broker

Trade Name:

HDD Broker

ID:

License Export No.

98-0519007*

*The company is not registered in Florida as a Corporation. It is incorporated in British Columbia, Canada, operating in USA with an export license.

Date Created:

2008

Date Incorporated:

2008

Legal Address:

9240 Bonita Beach Road SE

Suite 3300 Bonita Springs FL 34135

United States

Operative Address:

9240 Bonita Beach Road SE

Suite 3300 Bonita Springs FL 34135

United States

Telephone:

1 2504746022- 216-570-8711 / (239) 331-4746/ (888) 433-2757

Fax:

(239) 331-4746

Legal Form:

Private Company

Email:

info@hddbroker.com

Registered in:

FLORIDA

Website:

www.hddbroker.com

Contact:

Renee Martin, General Manager

Staff:

7

Activity:

SIC Code: 7299- Personal Services, Misc, Nec

5084- Industrial Machinery & Equipment

7389- Business Services, Nec

Banks

Wells Fargo Bank

The company does not make its banking data public

History

The company started operations in 2008

PRINCIPAL ACTIVITY

HDD Broker is a brokerage firm that advertises and sells horizontal direction drilling (HDD) rigs and related equipment.

Products/Services description:

HDD Drills

Trenchers

Tooling

Electronics / Locators

Plows

Vacuum Systems

Piercing / Ramming

Mud Mixing Systems / Tanks

Trailers

Drill Pipe

Pipe Fusion Equipment

Mud Recycling Systems

Auger Boring / Tunnelling

Maxi Rigs

Miscellaneous

Mud Pumps

Vacuum Trucks

Drill Parts

Auger and Auger Accessories

Rock Saws

Brands:

Vermeer

Sales are:

Wholesale and Retail

Clients:

Private owners, banks, and equipment dealers.

FORTIUS ELECTROMECANICA S.A. DE C.V.

Mexico

Terra Tunel S.A De C.V

Mexico

CONSTRUCCIONES INTEGRALES Y COMUNICACIONES SA DE CV.

Mexico

Peters Construccionsa De Cv

Mexico

Cipta Samudera Lines (M) Sdn Bhd

Malaysia

Sinar Dinar Niaga

Malaysia

Swift Projects

India

Suppliers:

Vermeer Manufacturing Company

Operations area:

National and International

The company exports to

Worldwide

The subject employs

7 employees

Payments:

Regular

LOCATION

Headquarters :

9240 Bonita Beach Road SE

Suite 3300

Bonita Springs FL 34135

United States

Previous address:

2575 Northbrooke Plaza Dr Unit

Naples, FL 34119-8105

United States

Branches:

HDD Broker

15205 Collier BLVD Ste 104

Naples, FL United States

Related Companies:

VERMEER MANUFACTURING COMPANY

1210 E Vermeer Rd

Pella, IA, 50219 United States

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

HDD Broker, Inc.

#110 - 3212 Jacklin Road

Victoria

BC, CANADA

Contact: Richard Morris

Management:

Cesar Cano, Sales Specialist

Renee Martin, General Manager

Bill Fluharty, Sales Manager

FINANCIAL INFORMATION

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

Estimated Income

600 00

Cash flow

Normal

Lowest 6 Month Balance: $205

Highest 6 Month Balance: $3,420

Current Total Account Balance: $946

Highest Credit Amount Extended: $4,349

LEGAL FILINGS

CASES

No legal found

Tradeline Experiences (Continuous Trades)

Supplier Category	Reported Date	Activity Date	Payment Terms	Recent High Credit	Balance	Current	Up to 30 DBT
Acct Svcs	6/16/17		Varied	$514	$205		100%
Air Trans	6/30/17	6/22/17	Other	$4,35	$741	100%
Transportn	4/12/2017		Various

Additional Tradeline Experiences (Aged Trades)

Supplier Category	Reported Date	Activity Date	Payment Terms	Recent High Credit	Balance	Current
Equipment	5/31/16	3/31/16	Cod	$528,66
Frght Fwrd	9/2/2016		Other	$525	$525	100%
General	12/2/2015		Contrct	$611

Payment Trends

Date	Industry	DBT	Industry	Current	Up to 30 DBT	31-60 DBT	61-90 DBT	>90 DBT
	DBT		Current
Jun-17	5	0	92%	100%	0%	0%	0%	0%
May-17	5	1	93%	96%	4%	0%	0%	0%
Abr-17	5	0	93%	100%	0%	0%	0%	0%
Mar-17	4	0	93%	100%	0%	0%	0%	0%
Feb-17	4	3	93%	79%	21%	0%	0%	0%
Ene-17	4	4	93%	75%	25%	0%	0%	0%

SUMMARY

Hdd Broker is a small organization in the miscellaneous retail stores industry located in Naples, FL.

It opened its doors in 2008 and now has an estimated $0.6USD in yearly revenue and approximately 7 employees.

The company is incorporated in BC, Canada, operating in Florida with an export license.

It operates within national and international markets, exporting worldwide.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

Active

INTERVIEW

NAME

NA

POSITION

Receptionist

COMMENTS

She confirmed name, license, current main address, previous address, main contact and activity.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.68
UK Pound	1	INR 93.98
Euro	1	INR 81.30
USD	1	INR 65.80

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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