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MIRA INFORM REPORT
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Report No. : |
493306 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
EATON AEROQUIP LLC |
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Registered Office : |
4400 Easton Commons Way Suite 125,Columbus,Oh 43219, Usa |
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Country : |
United States |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
1940 |
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Legal Form : |
limited liability company |
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Line of Business : |
Manufactures Fluid Power Components And Automotive
Hydraulic Products |
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No. of Employees : |
8000 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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: |
EATON AEROQUIP LLC |
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Trade Names: |
EATON AEROQUIP LLC |
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ID: |
1797905 |
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Date Created: |
1940 |
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Date Incorporated: |
08/04/2008 |
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Legal Address: |
4400 EASTON COMMONS WAY SUITE 125 COLUMBUS,OH 43219, USA |
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Operative Address: |
1000 Eaton Boulevard Cleveland, OH 44122 United States |
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Telephone: |
(216) 523-5000 |
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Fax: |
- |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
- |
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Registered in: |
OHIO |
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Website: |
www.eaton.com |
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Contact: |
Mike Rasnick - Business Development Manager |
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Staff: |
8000 |
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Activity: |
NAICS 1: All Other Plastics Product Manufacturing SIC 1: Plastics Containers, Except Foam |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1940. |
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Parent Company: |
The company operates as a subsidiary of: Eaton Corporation 1000 Eaton Boulevard Cleveland, OH 44122 United States |
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Key Developments: |
Eaton Corporation Plc Announces New Version of
Medium-Voltage SC9000 Adjustable Frequency Drive Jul 20 16 Eaton Corporation Plc has announced a new version of its medium-voltage
SC9000 adjustable frequency drive, or AFD, which is reportedly designed to
help customers support energy efficiency, reduce ownership costs and enhance
power system reliability. The new Eaton SC9000 general purpose (GP) drives
are designed for a wide range of original equipment manufacturer (OEM), water
and wastewater, utility, industrial and heating, ventilation and air
conditioning (HVAC) applications. Based on the enhanced design, the SC9000 GP
can be maintenance free for up to 10 years. These drives have a low part
count topology and is standard-equipped with a redundant cooling system to
help improve reliability. With Eaton's SC9000 GP drive, customers can shift
from low-voltage to medium-voltage drives for applications at lower power ranges.
Currently, medium-voltage drives are typically used in applications starting
at 300-500 horsepower (HP) range. Depending on overall system
characteristics, the SC9000 GP can be used cost-effectively in applications
starting at 100 hp. The SC9000 GP medium-voltage drives are tested to
Underwriters Laboratories (UL) and Canadian Underwriters Laboratories (cUL)
standards for medium-voltage power conversion equipment. Eaton's extensive
medium-voltage drive solutions are designed to help customers choose the
solution that fits specific application requirements. The SC9000 GP is
designed using the same control technology as Eaton's SC9000 EP series of
drives, which helps achieve energy savings while reducing downtime during
maintenance through a modular inverter design. For environments where safety
is a primary concern, the SC9000 EP arc-resistant drives offer an
arc-resistant Type 2B enclosure to help enhance safety from the front, sides
and rear of the enclosure. SC9000 models are compatible with Eaton's extensive
suite of medium-voltage motor control solutions including Ampgard control
solutions and ArcGard arc-resistant switchgear. Eaton Aeroquip Wins $4.64 Million Federal Contract Jul 2 16 Eaton Aeroquip won a federal contract valued at up to
$4,637,646.20 from the Defense Logistics Agency for self-sealing coupling
halves. |
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PRINCIPAL
ACTIVITY
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Eaton Aeroquip LLC designs and manufactures fluid power components
and automotive hydraulic products. |
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Products/Services description: |
The company provides hoses, hose and tube assemblies,
connectors, valves, clamps, disconnect couplings, fluid conveying products,
and other connector components. It also offers color-matched plastic exterior
trim products, including spoilers, moldings, and claddings; and custom
plastic components for customer applications, such as televisions, windows,
doors and office furniture, and underground telecommunications systems. |
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Brands: |
EATON |
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Sales are: |
The company provides its products through distributors in
North America, Europe, and the Asia Pacific. |
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Clients: |
Cnh Commercial SA De Cv Industria De Tuberias Aeronauticas Turborreactores SA De Cv Eaton Technologies S De Rl De Cv CompaĐia Distribuidora Rio SA De Cv |
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Suppliers: |
Polimer Kaucuk San.Ve Paz.A.S. Uiniversal Flexibles Pvt., Ltd. Eaton Hydraulics (Ningbo) Co Ltd Eaton Fluid Conveyance (Luzhou) Co., Ltd. Venturini Snc Bell Plastics Limited Eaton Germany Gmbh |
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Operations area: |
National and International |
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The company imports from |
TURKEY INDIA CHINA ITALY UNITED KINGDOM GERMANY |
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The company exports to |
MEXICO |
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The subject employs |
8000 EMPLOYEES |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
1000 Eaton Boulevard Cleveland, OH 44122 United States |
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Comments on Address: |
The address given in the order is one of the company`s
branches. |
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Branches: |
Eaton Aeroquip LLC 1750 Hardeman Lane Ne Cleveland, TN 37312, USA Eaton Aeroquip LLC 10402 Governor Lane Blvd Williamsport, Maryland 21795-3117 United States Eaton Aeroquip LLC 8701 N Harrison Shawnee, Oklahoma 74804-9560 United States |
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Related Companies: |
The company has several sister companies throughout the
world. Some of them are: Electrical - Canada - Head Office Canadian Operations 5050 Mainway Burlington, ON L7L 5Z1, Canada Valinhos - SP Eaton Ltda. Sector industrial -
Vehículos Grupo (VGSA) - Transmisiones de la calle Clark, 2061 - barrio
Macuco, CEP. 13279-400, Brazil Eaton Industries (Argentina) S.A. -
Región Cono Sur (Argentina, Bolivia, Paraguay, Uruguay) Lima 355, PB - C1073AAG Ciudad Aut. de Bs.As. – Argentina Eaton Fluid Conveyance (Luzhou) Co., Ltd. Economy & Technology Devlopment Zone, Wang Jiang Road,
Luzhou, Sichuan, China, 646000 |
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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: |
The company does not disclose information on shareholders.
The following information has been obtained through private sources and could
not be confirmed: The company operates as a subsidiary of: Eaton Corporation 1000 Eaton Boulevard Cleveland, OH 44122 United States |
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Management: |
Mike Rasnick - Business Development Manager E R Franklin - Secretary Ray Mercer - Manager Application Engineering Valerie Piazza - Government Contracts Manager |
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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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Revenue |
1,200.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Coupling assembly with profiled ramp Publication number: 20040041394 Abstract: A coupling assembly includes a female member
having a receiving end with an axially extending passageway and inwardly
facing groove extending outwardly from said passageway in a position spaced
from the receiving end. A split metal locking ring is positioned in the
groove. A male member is sized to be received in said receiving end and
includes a rib having a ramp where the ramp in a first embodiment curves
outwardly to an apex and in a first alternate embodiment curves outwardly to
a flat and in a second alternate embodiment increases in height in a linear
fashion until a relatively short distance from the flat where it curves
outwardly to meet the flat, the rib also has a shoulder tapering away from
the forward end and inwardly toward the axis. Type: Application Filed: August 27, 2002 Publication date: March 4, 2004 Applicant: Eaton Aeroquip Inc. Inventors: Jason W. Dahms, Loren H. Uthoff Coupling assembly Patent number: 6592151 Abstract: A coupling assembly for connecting two members
is provided that includes a first “male” member and a second “female” member.
The first member includes a release sleeve moveably mounted thereon having a
rigid release portion and a flexible sealing portion. The second member
comprises at least one of an integral coupling member integrated into an
apparatus, such as a pump, and an independent coupling member. Upon
connection of the first and second members, the flexible sealing portion
sealingly engages a mating surface on the second member to substantially
inhibit the entry of contamination into an area between the first and second
members when connected. The present invention provides an improved release
sleeve that releases the male member from both an independent female member
and an integral female member. Type: Grant Filed: September 26, 2001 Date of Patent: July 15, 2003 Assignee: Eaton Aeroquip, Inc. Inventors: David S. Densel, Stephen D. Hargett, Philip C.
VanRiper, Todd J. Vogel Coupling adapter and assembly Patent number: 6588805 Abstract: The present invention includes a pre-assembled,
high-pressure coupling interface adapter for use with a non-threaded port of
a female member. The adapter comprises a generally cylindrically shaped metal
body including a central longitudinal channel and an inner and outer surface.
The body includes an external segment having an external end and an internal
segment having an internal end, the internal segment configured for receipt
within the port of the female member. The inner surface of the body is
configured to engage and secure one or more external features of a separate
male coupling member. The present invention also includes a coupling assembly
including a coupling adapter and a method for forming a female coupling
assembly including an adapter. Type: Grant Filed: September 27, 2001 Date of Patent: July 8, 2003 Assignee: Eaton Aeroquip, Inc. Inventors: Matthew M. Persohn, Terry L. Karl, Richard
Faber, Todd J. Vogel, David S. Densel, Philip C. Van Riper Releasable coupling assembly Patent number: 6557824 Abstract: A releasable coupling assembly for connecting
two members is provided that includes a first member having an exterior
surface with a receiving portion and a second member having a hose adapter
and a sleeve valve positioned within the adapter. The sleeve valve is in
slidable communication with the adapter and includes at least one socket
aperture that includes a mating ball that contacts at least one longitudinal
groove in the adapter that includes a first and expanded radial portion. When
the members are secured together, the ball of the sleeve valve is retained in
the receiving formation of the first member by the first radial portion of
the longitudinal groove of the hose adapter. Type: Grant Filed: October 20, 2000 Date of Patent: May 6, 2003 Assignee: Eaton Aeroquip Inventors: Gary M. Jenski, Jr., Alexander P. Webster,
Kenneth G. Phaneuf, Lisa M. Shaw |
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GOVERNMENT CONTRACTS |
Government Contractor: EATON AEROQUIP INC Name & Address: 14615 LONE OAK ROAD EDEN PRAIRIE, MN 55344 Number of Defense Contracts Awarded: 118 Dollar Amount of Defense Contracts Awarded: $5,871,270 |
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CASES |
Clark v. Advanced Composites Group Defendant: Advanced Group Composites, Inc., CertainTeed Corporation,
Ciba-Geigy Corporation, Eaton Corporation, E.V. Roberts Headquarters, FMC
Corporation, Greene, Tweed & Co., Hitco Carbon Composites, Inc., Kaiser
Gypsum Company Inc., Northrop Grumman Systems Corporation, Rockwell
Automation, Inc., as successor in interest to Allen-Bradley Company, LLC,
Schneider Electric, USA, Inc., FKA Square D Company, Trane U.S. Inc., FKA
American Standard Inc., Welco Manufacturing Company, Wyeth Holdings LLC,
BMCE, Inc., Aerco International Inc., Basf Corporation, Curtiss-Wright
Corporation, Georgia-Pacific LLC and Union Carbide Corporation Plaintiff - Appellant: John Clark and Michele Clark Defendant - Appellee: AII Acquisition, LLC, AWC 1997
Corporation, The Boeing Company, BorgWarner Morse Tech LLC, CBS Corporation,
Crane Co., Eaton Aeroquip LLC,
General Cable Industries, Inc., General Electric Company, General Gasket
Corp., Goodrich Corporation, FKA B.F. Goodrich Company, Goodyear Canada,
Inc., Goodyear Tire and Rubber Company, Harco LLC, FKA Harco Laboratories,
Inc., Henkel Corporation, Hollingsworth & Vose Company, IMO Industries,
Inc., Industrial Holdings Corporation, FKA Carborundum Corporation, Lennox
Industries Inc., Lockheed Martin Corp., McDonnell Douglas Corporation, Mine
Safety Appliance Company, LLC, Navistar, Inc., FKA International Truck and
Engine Corporation, Parker Hannifin Corporation, Pecora Corporation, Pfizer
Inc., Pirelli Inc., Pirelli Tire, LLC, Pneumo Abex Corporation, Saint-Gobain
Abrasives, Inc., United Technologies Corporation, Prysmian Cables and Systems
USA, LLC, FKA Pirelli Cable Corporation and Domco Products Texas, LP Case Number: 17-1727 Filed: May 26, 2017 Court: U.S. Court of Appeals, Second Circuit Nature of Suit: TORTS INJURY-Asbestos Prod Lia Fullen et al v. 3M Company et al Plaintiff: Richard W Fullen and Michelle Fullen Defendant: 3M Company, Boeing Co., CBS Corporation, a
Delaware Corp., Dana Companies, LLC, Dexter Hysol Aerospace, LLC, Eaton Aeroquip LLC, Flame Master Fire
Protection, Inc., General Electric Company, Goodyear Tire & Rubber
Company, Lockheed Martin Corporation, IMO Industries Inc., ITT Inc.,
Parker-Hannifin Corporation, PPG Industries, Inc., Pratt & Whitney, a
United Technologies Corp. Company, Rolls-Royce North America Holdings Inc.,
Union Carbide Corporation, UTC Aerospace Systems, Eaton Corporation and
Schneider Electric USA, Inc. Case Number: 8:2017cv00207 Filed: January 23, 2017 Court: Maryland District Court Office: Greenbelt Office County: 99999 Presiding Judge: George Jarrod Hazel Nature of Suit: Asbestos Personal Injury Product Liability Cause of Action: 28:1332 Jury Demanded By: Plaintiff |
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TRADEMARKS |
ERMETO METAL PIPES AND TUBES; CONNECTING UNIONS AND NIPPLES FOR
PIPES AND TUBES; AND ALL FITTINGS FOR PIPES, TUBES, AND PIPE LINES… Owned by: EATON AEROQUIP LLC Serial Number: 71363193 BULL DOG [ RUBBER BELTING,] RUBBER OR RUBBER AND FABRIC HOSE [, AND
FRUIT JAR RINGS ] Owned by: EATON AEROQUIP LLC Serial Number: 71550658 AEROQUIP FITTINGS, COUPLINGS AND ACCESSORIES FOR FLUID CONDUITS-NAMELY,
REUSEABLE FITTINGS, END FITTINGS FOR FLEXIBLE CONDUITS, END… Owned by: EATON AEROQUIP LLC Serial Number: 72067503 A FITTINGS, COUPLINGS AND ACCESSORIES FOR FLUID
CONDUITS-NAMELY, REUSEABLE FITTINGS, END FITTINGS FOR FLEXIBLE CONDUITS, END… Owned by: EATON AEROQUIP LLC Serial Number: 72068201 A FLEXIBLE HOSE LINE ASSEMBLIES, FLEXIBLE BULK HOSE FOR USE
WITH FLUID COUPLINGS AND FITTINGS, GASKETS AND SEALS Owned by: EATON AEROQUIP LLC Serial Number: 72091579 HI-IMPULSE Hydraulic Hose Owned by: EATON AEROQUIP LLC Serial Number: 72149478 |
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RENEWAL HISTORY |
Filing Type Date
of Filing Document Number/Image ARTICLES OF ORGNZTN/DOM. PROFIT LIM.LIAB. CO. 08/04/2008 200822101316 MERGER/DOMESTIC 01/01/2009 200834601024 MERGER/DOMESTIC 01/01/2009 200834601026 MERGER/DOMESTIC 12/15/2008 200834601040 MERGER/DOMESTIC 08/04/2010 201021701652 AGENT ADDRESS CHANGE/LIMITED/LIABILITY/PARTNERS 03/31/2017 201710302962 AGENT ADDRESS CHANGE/LIMITED/LIABILITY/PARTNERS 04/17/2017 201710702872 MERGER/DOMESTIC 10/04/2017 201727601364 |
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UCC |
No found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Eaton Aeroquip Llc is a large-sized organization in Cleveland,
OH. It opened its doors in 1940 and now has an estimated $1 billion in yearly
revenue and approximately 8000 employees. The company
operates nationally and internationally, mainly exporting to Mexico. It is
ACTIVE in business with no negative records. |
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 |
Steve |
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POSITION |
Operator |
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COMMENTS |
He confirmed the name of the company, the address of the
headquarters and location, the date of creation of the company and the number
of employees. He was reluctant to provide further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
|
USD |
1 |
INR 64.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.