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MIRA INFORM REPORT
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Report No. : |
492832 |
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Report Date : |
22.02.2018 |
IDENTIFICATION DETAILS
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Name : |
AOT ENERGY AMERICAS LLC |
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Registered Office : |
251 Little Falls Drive, Wilmington New Castle, DE 19808 |
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Country : |
United States |
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Date of Incorporation : |
22.12.2015 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject trades in key
energy commodities worldwide, covering crude oil and oil products, renewable fuels,
petrochemicals, natural gas, LNG and coal. |
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No. of Employees : |
37 |
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 : |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
AOT ENERGY AMERICAS LLC |
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Trade
Name: |
AOT ENERGY AMERICAS |
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ID: |
5920500 |
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Date
Created: |
2015 |
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Date
Incorporated: |
12/22/2015 |
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Legal
Address: |
251 Little Falls Drive Wilmington New Castle DE 19808 |
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Operative
Address: |
5847 San Felipe St Ste 28 Houston, Texas 77057-3000 United States |
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Telephone:
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1713 357 0640/1713 357 0640 |
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Fax: |
1713 357 0640 |
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Legal
Form: |
Limited Liability Company |
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Email: |
NA |
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Registered
in: |
DELAWARE |
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Website:
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www.aotenergy.com |
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Contact: |
DIRECTOR, MELODY LA MONT |
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Staff: |
37 |
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Activity: |
NAICS 1: Petroleum and
Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) SIC 1: Petroleum Product
Wholesalers,Except Bulk Stations/Terminals |
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BANKS
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The company does not make its banking data
public |
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HISTORY
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The company was founded in 2015 |
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PRINCIPAL
ACTIVITY
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AOT Energy trades in key energy commodities worldwide, covering crude oil
and oil products, renewable fuels, petrochemicals, natural gas, LNG and coal.
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Products/Services description: |
They provide
origination, transport, storage, blending, finance and marketing. |
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Brands: |
AOT ENERGY AMERICAS |
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Sales are: |
Wholesale |
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Clients: |
Refiners, retailers,
petrochemical manufacturers and government entities GRUPO CELANESE SA Mexico |
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Suppliers: |
Aot Energy Americas Llc SWITZERLAND Pdvsa Petroleo S.A. Venezuela |
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Operations area: |
National and International |
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The company imports from |
SWITZERLAND VENEZUELA |
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The company exports to |
MEXICO |
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The subject
employs |
37 employees |
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Payments:
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No Complaints |
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LOCATION
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Headquarters
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5847 San Felipe St Ste 28 Houston, Texas 77057-3000 United States |
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Comments: |
NA |
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Branches: |
No records found |
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Related
Companies: |
AOT Holding Ltd. Grafenauweg 4 6300 Zug Switzerland Tel +41 41 727 69 00 AOT Energy Canada Inc. Centennial Place East Tower Suite 3120 520 – 3rd Avenue SW Calgary, Alberta T2P OR3 Canada Tel +1 403 770 2700 Transcor Corporation (Energy) 4955 Steubenville Pike Suite 300 Pittsburgh PA 15205 USA Tel +1 412 787 6355 AOT Energy Belgium SA c/o Fosbury & Sons Mechelsesteenweg 271 BP1.1 2018 Antwerp Belgium Tel. +32 2 663 1951 AOT Energy Belgium SA Parc de L’Alliance Boulevard de France 7 1420 Braine-L’Alleud Belgium Tel +32 2 663 1900 AOT Trading Ltd. Grafenauweg 4 6300 Zug Switzerland Tel +41 41 727 69 00 AOT Energy Switzerland Ltd. Grafenauweg 4 6300 Zug Switzerland Tel +41 41 727 69 00 AOT Energy Poland sp. z o.o. ul. Królewska 16 00-103 Warszawa Poland Tel +48 22 660 37 00 AOT Energy Singapore Pte. Ltd. 38 Beach Road #26-12 South Beach Tower Singapore 189767 Singapore Tel +65 6339 8868 AOT Energy Indonesia Sentral Senayan 2, Lantai 16 Jalan Asia Afrika No. 8 Gelora Bung Karno, Senayan 10270 Jakarta Pusat Indonesia Tel +62 21 2924 1917 AOT Energy West Africa (Sarl) Avenue Birago Diop – Point E Residence Soukane 1er Dakar Senegal Tel +221 33 864 2564 AOT Trading Ltd. Moscow Representation office ulitsa Vozdvizhenka, 10 3rd floor 125009, Moscow Russian Federation Tel +7 495 797 37 07 AOT Energy Ukraine LLC 13-15 Bolsunovska Str. Kiev 01014 Ukraine Tel +380 44 490 45 30 |
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: |
Astra Energy Holdings Inc 301 Main St Ste 201 Huntington Beach, CA |
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Management: |
DIRECTOR MELODY
LA MONT 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 MANAGING D MELODY
LA MONT 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 DIRECTOR RITA
GOLIDAY 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 MANAGING D RITA
GOLIDAY 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 DIRECTOR STEPHEN
L PERDUE 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 MANAGING D STEPHEN
L PERDUE 5847 SAN FELIPE ST., STE. 2850 HOUSTON, TX 77057 |
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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 2016 |
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Sales |
7 500
000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS
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Cases |
IGenFuels LLC v. AOT Energy Americas LLC Plaintiff: IGenFuels LLC Defendant: AOT Energy Americas
LLC Case Number: 1:2018cv00061 Filed: January 11, 2018 Court: Wisconsin Eastern
District Court Office: Green Bay Office County: Brown Presiding Judge: William C
Griesbach Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None State of California v. Valero
Energy Corporation et al Plaintiff: State of California Defendant: Valero Energy
Corporation, Valero Energy Partners LP and Plains All American Pipeline, L.P. Objector: AOT Energy Americas,
LLC and Kinder Morgan, Inc. Miscellaneous: BP America, Inc. Case Number: 3:2017cv03786 Filed: June 30, 2017 Court: California Northern
District Court Office: San Francisco Office County: San Francisco Presiding Judge: William Alsup Nature of Suit: Antitrust Cause of Action: 15:15 Jury Demanded By: None |
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UCC |
No records found |
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OFAC Sanctions List Search |
The company is not listed
in the OFAC list. |
SUMMARY
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Aot Energy Americas
Llc is a mid-sized, relatively new organization in the petroleum product
company’s industry located in Houston, TX. It opened its doors
in 2015 and now has an estimated $7.5 million in yearly revenue and 37
employees. The company is part
of a group with locations worldwide; it mainly imports from Asia and exports
to Mexico. The company is
ACTIVE in DELAWARE, with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
Operator |
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COMMENTS |
The woman contacted confirmed address, management,
experience and activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.94 |
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US Dollar |
1 |
INR 65.02 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TPT |
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.