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MIRA INFORM REPORT
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Report No. : |
491381 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
QUALITROL COMPANY LLC |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801, USA |
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Country : |
United States |
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Date of Incorporation : |
1945 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures, sells, and installs substation and transformer
monitoring and protection devices for electric utilities and original
equipment manufacturing companies. |
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No. of Employees : |
472 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 $57,300. 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 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. 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, 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, 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. 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 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
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 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 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 further reduce them 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 increases. 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 US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
QUALITROL COMPANY LLC |
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Trade Name: |
QUALITROL COMPANY LLC |
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ID: |
5643216 |
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Date Created: |
1945 |
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Date Incorporated: |
11/19/2014 |
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Legal Address: |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801, USA |
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Operative Address: |
1385 Fairport Road Fairport, New York 14450 United States of America |
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Telephone: |
585-586-1515 |
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Fax: |
585-377-9613 |
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Legal Form: |
Limited Liability Company |
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Email: |
info@qualitrolcorp.com |
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Registered in: |
DELAWARE |
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Website: |
www.qualitrolcorp.com |
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Contact: |
Jay Cunningham |
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Staff: |
472 |
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Activity: |
Electronic Test & Measurement Instruments Manufacturing Industry |
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Banks: |
The company does not make its banking data public |
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History: |
The company was founded in 1945. |
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Parent Company: |
Qualitrol Company LLC operates as a subsidiary of : Fortive Corporation 6920 Seaway Blvd Everett, WA, 98203 United States (425) 446-5000 † www.matcotools.com |
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PRINCIPAL
ACTIVITY
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Qualitrol Company LLC manufactures, sells, and installs substation and
transformer monitoring and protection devices for electric utilities and
original equipment manufacturing companies. |
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Products/Services description: |
The company offers temperature measurement devices, transformer
monitors, transformer breathers, liquid level indicators, flow indicators,
gas accumulation indicators, dissolved gas analyzers, breaker monitors, fault
recording and location products, power quality monitoring products, sequential
events recording and alarm annunciation products, multifunction software
products, partial discharge products, online monitoring systems, and
condition monitoring products (for motors and generators), as well as
pressure controls, gauges, and relays. It provides asset protection,
transmission and distribution, condition monitoring, power generation
condition based monitoring, oil and gas condition based monitoring, and smart
grid industry solutions. The company offers educational and operational support
services. It serves customers through a network of representatives in the
United States and internationally. |
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Brands: |
Neoptix SERVERON IRIS POWER DMS Hathaway AKM pdTECH BEN |
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Sales are: |
WHOLESALE |
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Clients: |
Ltd Siemens Transformers Epli Sac Transequipos Sa VOLTRAN SA DE CV |
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Suppliers: |
No records found. |
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Operations area: |
National and International |
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The company imports from |
No records found. |
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The company exports to |
RUSSIA PERU COLOMBIA MEXICO |
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The subject employs |
472 Employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
1385 Fairport Road Fairport, New York 14450 United States of America |
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Branches: |
Qualitrol – Serveron 20325 NW Von Neumann Drive Suite #120 Beaverton, Oregon 97006 Phone: +1 503.924.3200 |
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Related Companies: |
Qualitrol Instruments 15 Wildflower Way Belfast, BT12 6TA Northern Ireland Phone: +44 28.9022.5200 Qualitrol DMS 74 Black Street Glasgow, G4 0EF United Kingdom Phone: +44 141.572.0840 Qualitrol – Neoptix 1415 Frank-Carrel, Suite 220 Québec City (Québec) G1N 4N7, Canada Phone: +1 418.687.2500 Qualitrol LLC CNRG Energy India Private Limited 14th Floor, Westgate B Block,
S.G Highway Ahmedabad, India Phone: +91 79 6134 1000 Solkraftsvägen 13 SE-135 70 Stockholm, Sweden Sweden Phone: +46 (0) 8.447.54.50 |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Qualitrol Company LLC operates as a subsidiary of : Fortive Corporation 6920 Seaway Blvd Everett, WA, 98203 United States (425) 446-5000 † http://www.matcotools.com |
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Management: |
Jay Cunningham - Global Sales Brian English - Vice President Michael Lindholm - Managing Director Mr. Guy Gish - Purchasing
Director |
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FINANCIAL
INFORMATION
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The company does
not make its financial statements public. The following information has been
provided by private sources: |
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USD 2015 |
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Revenue |
$ 118.478.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Hybrid mechanical and electrical transformer monitor Patent number: 9046423 Abstract: In accordance with the present invention, there is provided
a hybrid mechanical and electrical transformer temperature monitor. The
mechanical sensing mechanism drives mechanical switches, a local display and
a sensing input to the electrical side of the monitor. The electrical portion
of the temperature monitor has the ability to calculate winding temperature
(with an additional current sensor), data log, actuate electrical switches
and has a local display for winding temperature. Type: Grant Filed: August 1, 2012 Date of Patent: June 2, 2015 Assignee: Qualitrol Company, LLC Inventor: John Rolland Piper Methods of regenerating desiccant in a breathing apparatus Patent number: 8871005 Abstract: A method of regenerating a desiccant in a breather
communicating with a vessel includes creating a temperature signal that is a
temperature associated with at least one of the vessel and the breather for a
plurality of cycles, each cycle having a predetermined duration, and
regenerating the desiccant when the second derivative of the temperature
signal reaches a peak value. Type: Grant Filed: December 31, 2012 Date of Patent: October 28, 2014 Assignee: Qualitrol Company, LLC Inventor: Joshua J. Herz Combination of hydrogen and pressure sensors Patent number: 8839658 Abstract: The invention provides a sensor assembly for determining the
concentration of hydrogen in an insulating fluid in electric power
generation, transmission, and distribution equipment. The assembly includes a
housing having an opening therein communicating with the fluid, a hydrogen
sensor disposed in the housing and responsive to the concentration of
hydrogen in the fluid and generating a signal related to the concentration of
hydrogen, and a pressure sensor disposed in the housing responsive to the
fluid and generating a second signal indicative of the pressure of the fluid
in the equipment. The assembly further includes a signal processor disposed
in the housing and connected to the hydrogen sensor and the pressure sensor
and responsive to the first and second signals for generating a third signal
representing the concentration of hydrogen in the fluid. Type: Grant Filed: March 31, 2011 Date of Patent: September 23, 2014 Assignee: Qualitrol Company, LLC Inventors: Joshua J. Herz, David Billings METHODS OF REGENERATING DESICCANT IN A BREATHING APPARATUS Publication number: 20140182452 Abstract: A method of regenerating a desiccant in a breather
communicating with a vessel includes creating a temperature signal that is a
temperature associated with at least one of the vessel and the breather for a
plurality of cycles, each cycle having a predetermined duration, and
regenerating the desiccant when the second derivative of the temperature
signal reaches a peak value. Type: Application Filed: December 31, 2012 Publication date: July 3, 2014 Applicant: QUALITROL COMPANY, LLC Inventor: Joshua J. Herz PORT ASSEMBLY FOR SELECTIVE INSERTION OF OBJECTS INTO A WELL Publication number: 20140182209 Abstract: A port assembly is receivable in an opening allowing access
to the interior of a transformer. The port assembly includes a body and a
port cover. The body is receivable in the opening and has a substantially
axial opening therethrough. The axial opening allows access to the interior
of the transformer through the port. The port cover is disposed on the
interior of the transformer and is movable relative to the body between a
sealed position sealing the axial opening and an open position allowing
access to the interior of the temperature well. The port cover is biased
toward the sealing position and moves to the open position upon being acted
upon by an elongate tool inserted into the temperature well through the axial
opening in the port. Type: Application Filed: December 31, 2012 Publication date: July 3, 2014 Applicant: Qualitrol Company, LLC Inventor: Joshua J. Herz |
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GOVERNMENT CONTRACTS |
Government Contractor: QUALITROL COMPANY LLC Address: 1385 FAIRPORT RD, FAIRPORT, NY 14450-1309 Contracts Awarded: 32 Dollar Amount of Defense Contracts Awarded: $933,518 |
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CASES |
Qualitrol Company LLC et al v. Maschinenfabrik Reinhausen GmbH et al Plaintiff: AB Qualitrol AKM and Qualitrol Company LLC Defendant: Maschinenfabrik Reinhausen GmbH and Reinhausen
Manufacturing Inc., Case Number: 6:2013cv06448 Filed: August 22, 2013 Court: New York Western District Court Office: Rochester Office County: Monroe Presiding Judge: David G. Larimer Nature of Suit: Trademark Cause of Action: 15:1125 Jury Demanded By: Plaintiff |
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TRADEMARKS |
AKM Mechanical, electromechanical, and electric, [ electronic and sensor-based
measuring, ] regulating and monitoring equipment… Owned by: Qualitrol Company LLC Serial Number: 79114698 KIHLSTRÖM Mechanical, electromechanical, and electric, electronic and
sensor-based measuring, regulating and monitoring equipment,… Owned by: Qualitrol Company LLC Serial Number: 79115286 |
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SUMMARY
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Qualitrol Company Llc is a large-sized organization in the instruments
to measure electricity manufacturers industry located in Fairport, NY. It opened its doors in 1945 and now has an estimated $118.4 million in
yearly revenue and 472 employees. The company operates nationally and internationally. It is ACTIVE in business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Mark |
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POSITION |
Operator |
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COMMENTS |
He confirmed the name of the parent company, the address of the headquarters
and location, the date of creation of the company and the name of the
Director. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.16 |
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1 |
INR 89.19 |
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Euro |
1 |
INR 78.75 |
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US Dollar |
1 |
INR 64.41 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.