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MIRA INFORM REPORT
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Report No. : |
493810 |
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Report Date : |
27.02.2018 |
IDENTIFICATION DETAILS
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Name : |
PETROLEUM ANALYZER COMPANY L.P. |
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Registered Office : |
251 Little Falls Drive, Wilmington, New Castle, De, 19808,
Usa |
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Country : |
United States |
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Date of Incorporation : |
26.10.1995 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Subject provides advanced analytical instrumentation
and spare parts for laboratories and online process applications in refinery,
petrochemical, biofuels, environmental, food and beverage, marine, offshore,
subsea, and pharmaceutical industries. |
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No. of Employees : |
100 |
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 : |
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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Order: |
PAC LP (The name given in the order I the company`s trade name. “PAC”
stands for “Petroleum Analyzer Company”.) |
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Address in the order: |
8824 FALLBROK DRIVE, HOUSTON TX 77064 |
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Legal Name: |
PETROLEUM ANALYZER COMPANY L.P. |
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Trade Names: |
PETROLEUM ANALYZER COMPANY L.P. PAC LP |
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ID: |
2556077 |
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Date Created: |
1995 |
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Date Incorporated: |
10/26/1995 |
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Legal Address: |
251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE, 19808,
USA |
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Operative Address: |
8824 Fallbrook Drive Houston, TX 77064 United States |
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Telephone: |
281-940-1803 |
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Fax: |
281-580-0719 |
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Legal Form: |
LIMITED PARTNERSHIP |
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Email: |
sales.usa@paclp.com |
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Registered in: |
DELAWARE |
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Website: |
www.paclp.com |
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Contact: |
Mr. Keith Barnard - President |
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Staff: |
100 |
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Activity: |
NAICS 1: Analytical Laboratory Instrument Manufacturing SIC 1: Petroleum Product Analyzing Apparatus |
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Banks: |
BANK OF AMERICA |
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History: |
The company was incorporated in 1995 and is based in
Houston, Texas with sales, service, and training facilities worldwide. |
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Parent Company: |
The company operates as a subsidiary of: Roper Technologies, Inc. 6901 Professional Parkway East Suite 200 Sarasota, FL 34240 United States |
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PRINCIPAL
ACTIVITY
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Petroleum Analyzer Company, LP provides advanced analytical
instrumentation and spare parts for laboratories and online process
applications in refinery, petrochemical, biofuels, environmental, food and
beverage, marine, offshore, subsea, and pharmaceutical industries. |
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Products/Services description: |
The company offers chromatography, elemental analysis,
physical properties, fuels composition, and laboratory automation
technologies; and freezing point laboratory, process viscosity, and online
process analyzers. Its lab instruments include AC analytical controls, Alcor,
Antek, Cambridge viscosity, Herzog, ISL, and PetroSpec. The company also
serves coatings, oil analysis, mobile labs, oil and gas, and asphalt
industries. It offers its products through distributors worldwide. |
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Brands: |
PAC LP |
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Sales are: |
Wholesale |
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Clients: |
Centro Colombiano De Tecnologia Ltda
Cecoltec Ltda Sica Medicion SA De Cv Guide Srl. |
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Suppliers: |
Gerresheimer Shuangfeng |
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Operations area: |
National and International |
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The company imports from |
CHINA |
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The company exports to |
COLOMBIA MEXICO PARAGUAY |
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The subject employs |
100 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
8824 Fallbrook Drive Houston, TX 77064 United States |
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Comments on Address: |
- |
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Branches: |
Cambridge Viscosity 50 Redfield St Boston, MA, 02122, USA |
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Related Companies: |
CANADA (Phase Technology) 11168 Hammersmith Gate Richmond, BC V7A 5H8, Canada CHINA 610 Sunjoy Mansion, #6 RiTan Rd. ChaoYang District, Beijing, 100020, China FRANCE BP 70285, Verson 14653 Carpiquet Cedex, France GERMANY Badstrasse 3-5, PO Box 1241 D-97912, Lauda-Königshofen, Germany INDIA 1036 Regus, Trade Center Level 1 Bandra (E) 400 051, Mumbai, India NETHERLANDS Innsbruckweg 35, 3047 AG, Rotterdam, Netherlands RUSSIA Shabolovka St. 34, Bldg. 2 115419, Moscow, Russia SINGAPORE 61 Science Park Rd., #03-09/10 The Galen Singapore Science Park III Singapore, 117525, Singapore THAILAND Bhiraj Tower at EmQuartier Room No. 3034, Level 30 689 Sukhumvit Road (Soi 35) Klongton Nuea, Vadhana, Bangkok, 10110, Thailand UNITED KINGDOM (Advanced Sensors) 8 Meadowbank Road Carrickfergus Co. Antrim BT38 8YF, Belfast, Ireland, UK. |
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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: Roper Technologies, Inc. 6901 Professional Parkway East Suite 200 Sarasota, FL 34240 United States |
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Management: |
Mr. Keith Barnard - President David Tran - Vice-President of Product Management and
Marketing |
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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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Gross Sales |
50.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
SYSTEM FOR ANALYZING A SAMPLE OR A SAMPLE COMPONENT AND
METHOD FOR MAKING AND USING SAME Publication number: 20100118301 Abstract: A system and associated method are disclosed for
analyzing a sample or sample component including species capable of producing
fluorescent light when excited by a light source, where the light source
comprises an excimer light source having a high voltage power supply with
voltage and current regulation circuitry. Type: Application Filed: November 13, 2008 Publication date: May 13, 2010 Applicant: PETROLEUM ANALYZER COMPANY, L.P. Inventors: Jan Vondras, Sean Rick |
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GOVERNMENT CONTRACTS |
Government Contractor: PETROLEUM ANALYZER COMPANY L.P. Name & Address: 8824 FALLBROOK DR HOUSTON, TX 77064-4855 Number of Defense
Contracts Awarded: 287 Dollar Amount of Defense Contracts Awarded:$14,530,569 |
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CASES |
Petroleum Analyzer Company L P v. Olstowski Plaintiff: Petroleum Analyzer Company L P Defendant: Franek Olstowski Cross Defendant: Robert Strozier Case Number: 4:2008cv00733 Filed: March 6, 2008 Court: Texas Southern District Court Office: Patent Office County: Harris Presiding Judge: Keith P Ellison Referring Judge: Nature of Suit: None Cause of Action: Federal Question Jury Demanded By: 28:1441 Notice of Removal |
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TRADEMARKS |
ANTEK AII GAS CHROMATOGRAPHS, [ INFRARED SPECTROMETERS, ]
ULTRAVIOLET SPECTROMETERS, [ MASS SPECTROMETERS, AND ELECTROCHEMICAL
ANALYSIS… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 72370040 XLNC Computer software used for analyzing the composition of
gas and/or its components; computer software used for analyzing… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77264111 OPTIDIST Laboratory instrument, namely, a heat influenced
distillation system for determining the atmospheric characteristics of… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77482816 TQACO2 Scientific apparatus and instrument which analyzes and
measures the overall quality condition of a gaseous compound Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77746915 PRECISION SCIENTIFIC PETROLEUM INSTRUMENTS Scientific apparatus and instrumentation that measures cold
properties, color, distillation, flash point, fuel analysis,… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77747322 RADIAN ULTRAFAST GC Electronic gas chromatography apparatus in the nature of
an analyzer and computer software for use in separating volatile… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77854294 HERZOG BY PAC scientific apparatus and instruments for testing petroleum
and petrochemical products, namely, apparatus and instruments… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 77912062 AC ANALYTICAL CONTROLS Electronic apparatus for analysing the composition of
crude oil, naphta and fuels, including jet fuel, gasoline and diesel… Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 78468197 VIDA density meter Owned by: PETROLEUM ANALYZER COMPANY, L.P. Serial Number: 85052153 |
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RENEWAL HISTORY |
No records found. |
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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. |
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SUMMARY
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Founded in 1995, Petroleum Analyzer Company Lp is a
mid-sized organization in the analytical instrument manufacturers industry
located in Houston, TX. It has 100 full time employees and generates an estimated $50
million in annual revenue. The company operates nationally and internationally,
mainly importing from China. 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 |
Mike |
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POSITION |
Sales |
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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, the number of
employees and the name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.66 |
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1 |
INR 90.65 |
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Euro |
1 |
INR 79.70 |
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USD |
1 |
INR 64.94 |
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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PRA |
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Report Prepared
by : |
KET |
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
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.