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MIRA INFORM REPORT
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Report No. : |
488592 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TSI INCORPORATED |
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Registered Office : |
500 Cardigan Rd Shoreview, MN 55126 |
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Country : |
United States |
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Date of Incorporation : |
30.03.1961 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is designs and manufactures performance
measurement tools and precision measurement instruments. |
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No. of Employees : |
850 |
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 (30.06.2017) |
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: |
TSI Incorporated |
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Trade Names: |
TSI Incorporated |
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ID: |
Z-495 |
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Date Created: |
1961 |
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Date Incorporated: |
03/30/1961 |
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Legal Address: |
500 Cardigan Rd Shoreview, MN 55126 USA |
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Operative Address: |
500 Cardigan Road Shoreview, MN 55126 United States |
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Telephone: |
651-483-0900 |
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Fax: |
651-490-3824 |
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Legal Form: |
CORPORATION |
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Email: |
- |
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Registered in: |
MINNESOTA |
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Website: |
www.tsi.com |
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Contact: |
Tom Kennedy - Chief Executive Officer |
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Staff: |
850 |
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Activity: |
NAICS 1: Other Measuring and Controlling Device
Manufacturing NAICS 2: Instruments and Related Products
Manufacturing for Measuring, Displaying, and Controlling Industrial Process
Variables NAICS 3: Electromedical and Electrotherapeutic
Apparatus Manufacturing NAICS 4: Instrument Manufacturing for Measuring and
Testing Electricity and Electrical Signals SIC 1: Time Clocks And Time Recording Devices |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1961 and is based in
Shoreview, Minnesota. |
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Parent Company: |
TSI Inc. Announces
Release of ChemLine™ In-Line Metals Analyzer Nov 29 17 TSI Inc. announced
the release of the ChemLine™ In-Line Metals Analyzer. As of this writing, a
patent is pending for the ChemLine sensor, which uses Laser Induced Breakdown
Spectroscopy or LIBS technology for high demand industrial environments where
speed and accuracy are required. The ChemLine has been proven to sort metals
scrap streams as part of an automated sorting system, it can be stationed in
production to check for quality autonomously, and offers finished goods
compliance quickly and accurately. After more than two years of development
and rigorous testing, the robust industrially designed ChemLine is ready for
its public debut. TSI Incorporated
Introduces the New PortaCount® Respirator Fit Tester, Providing Intelligent
Fit Test Solutions Nov 15 17 TSI Incorporated
introduced a new generation of PortaCount® Respirator Fit Testers. Combining
the industry's respirator fit test with industry-first features, the new
PortaCount platform is designed to provide intelligent fit test solutions
across entire respiratory protection program. Featuring real time FitCheck™
Mode and fit test animations, the new PortaCount Fit Tester provides staff
with a better understanding of how respirators fit while helping test
administrators be more productive. PortaCount Fit Testers uniquely combine
real-time and real-world measurements to advance respirator safety beyond
what any other fit test can deliver. No other instrument can provide one consistent
and objective testing experience across any respirator, from full-facepiece
respirators to all N95 masks. TSI Incorporated
Announces Distribution Agreement with Arconic Incorporated Oct 23 17 TSI Incorporated announced
a distribution agreement with Arconic Incorporated. Through this
relationship, TSI will resell Arconic's MicrO Certified Reference Materials
(CRMs) in a convenient, easy-to-use kit for field standardization of ChemLite
LIBS metal analyzers. |
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PRINCIPAL
ACTIVITY
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TSI Incorporated designs and manufactures
performance measurement tools and precision measurement instruments. |
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Products/Services description: |
The company offers aerosol
conditioning systems, aerosol diluters, aerosol generators and dispersers,
aerosol and dust monitors, aerosol neutralizers, continuous monitoring
systems, elemental analyzers, filter testers, flowmeters, fluid mechanical
systems, fume hood monitors and controls, indoor air quality meters,
integrating nephelometers, macromolecule analyzers, metal analyzers,
molecular analyzers, particle counters, particle sizers, plastic analyzers,
primary calibrators, respirator fit testers, room pressure monitors and
controls, ventilation test instruments, and ventilator test systems; and
wireless velocity and pressure measurement solutions. It also provides FMS
OPC UA Client/Server that shares data between industrial platforms. The
company provides its products for various solutions in the areas of aerosol
and particle research, air quality monitoring, chemical analysis, cleanroom,
filter testing, fluid mechanic, hospital, HVAC testing and balancing,
laboratory, nanotechnology, occupational health and safety, metal and plastic
analysis, and safety and homeland security aspects. It serves customers
through a network of manufacturer’s representatives and distributors in the
United States and internationally, as well as via online. |
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Brands: |
TSI |
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Sales are: |
Wholesale |
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Clients: |
Philips Mexico Commercial SA De Cv Kendall De Mexico S.A De C.V Omni Intel Pack SA De Cv Covidien Colombia S.A. Validarr Sociedad Por Acciones Simplificada Soporte Vital S.A. Indufar SA Farmacid Sa. |
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Suppliers: |
Triple Union Corporation |
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Operations area: |
National and International |
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The company imports from |
MEXICO COLOMBIA PARAGUAY ECUADOR |
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The company exports to |
TAIWAN |
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The subject employs |
850 Employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
500 Cardigan Road Shoreview, MN 55126 United States |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
The company has several offices throughout the
world. Some of them are: TSI GMBH Neuköllner Strasse 4 52068 Aachen Germany TSI FRANCE INC. Hotel Technologique BP 100 Technopôle de Château-Gombert 13382 Marseille France TSI INSTRUMENT (BEIJING) CO., LTD. Unit 1201, Pan-Pacific Plaza, No.12 A, Zhongguancun South Avenue Haidian District, Beijing, 100081 China |
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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. |
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Management: |
Tom Kennedy - Chief Executive Officer Mr. Ronald O. Webb - President Tom Jacobson - Vice President of Operations |
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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 |
100 000 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Instrument for sizing nanoparticles and a component
therefor Patent number: 9035242 Abstract: An improved nanoparticle sizing apparatus
comprised of a unipolar charger operatively coupled to a radial differential
mobility analyzer in combination with a condensation particle counter and
powered by a power source such as a battery or solar cell, thereby providing
a portable sizing device. Type: Grant Filed: January 18, 2013 Date of Patent: May 19, 2015 Assignee: TSI INCORPORATED Inventors: Robert Caldow, Jason Johnson Sampling heads for handheld RAMAN spectroscopy
devices Patent number: 9869586 Abstract: Various novel sampling heads and interface
fittings are disclosed herein adapted for use with handheld RAMAN or other
material evaluating devices or analyzers using radiation or electromagnetic
energy to identify sampled materials. In particular, the interface fittings
or members facilitate measurement of irregularly shaped or very small
materials to be sampled. Type: Grant Filed: May 13, 2016 Date of Patent: January 16, 2018 Assignee: TSI Incorporated Inventors: Tony Lam, Kevin Pan SYSTEM AND METHOD FOR THE CONCENTRATED COLLECTION OF
AIRBORNE PARTICLES Publication number: 20140060155 Abstract: A system and a method is described herein for
the collection of small particles in a concentrated manner, whereby particles
are deposited onto a solid surface or collected into a volume of liquid. The
collected samples readily interface to any of a number of different
elemental, chemical, or biological or other analysis techniques. Type: Application Filed: August 28, 2013 Publication date: March 6, 2014 Applicant: TSI Incorporated Inventors: Susanne V. Hering, Gregory S. Lewis,
Arantzazu Eiguren Fernandez, Frederick Quant, Kenneth R. Farmer |
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GOVERNMENT CONTRACTS |
Government Contractor: TSI INCORPORATED Name & Address: 500 CARDIGAN RD SAINT PAUL, MN 55126-3903 Number of Defense Contracts Awarded: 947 Dollar Amount of Defense Contracts Awarded:
$73,061,521 |
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CASES |
Aleksandr L Yufa v. TSI Incorporated et al Plaintiff: Aleksandr L Yufa Defendant: Doe and TSI Incorporated Case Number: 8:2012cv01614 Filed: September 25, 2012 Court: California Central District Court Presiding Judge: Cormac J. Carney Referring Judge: Jay C. Gandhi Nature of Suit: Patent TSI Incorporated v. Azbil BioVigilant Incorporated Plaintiff: TSI Incorporated Defendant: Azbil BioVigilant Incorporated Case Number: 2:2012cv00083 Filed: January 13, 2012 Court: Arizona District Court Office: Phoenix Division Office County: XX US, Outside State Presiding Judge: David G Campbell Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff TSI, Incorporated v. BioVigilant Systems, Inc. Plaintiff: TSI, Incorporated Defendant: BioVigilant Systems, Inc. Case Number: 0:2010cv04666 Filed: November 18, 2010 Court: Minnesota District Court Office: DMN Office County: Ramsey Referring Judge: Jeffrey J. Keyes Presiding Judge: John R. Tunheim Nature of Suit: Patent Cause of Action: 35:145 Jury Demanded By: Plaintiff |
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TRADEMARKS |
ALNOR INSTRUMENTS AND APPARATUS FOR THE MEASUREMENT OF
TEMPERATURE, DEW-POINT, MOVEMENT AND PRESSURE OF AIR AND OTHER GASES;
INSTRUMENTS… Owned by: TSI INCORPORATED Serial Number: 72242308 VELOMETER JR. FLOW METERS FOR MEASURING THE RATE OF FLOW OF AIR
AND OTHER CASES Owned by: TSI INCORPORATED Serial Number: 73043096 PIEZOBALANCE ELECTRONIC RESPIRABLE AEROSOL MASS MONITORS Owned by: TSI INCORPORATED Serial Number: 73080098 TSI LASER VELOCIMETRY APPARATUS AND COMPONENTS THEREOF,
LASERS, OPTICS, SIGNAL PROCESSORS, COMPUTERS, COMPUTER INTERFACES AND… Owned by: TSI INCORPORATED Serial Number: 73330984 AERODYNAMIC PARTICLE SIZER Laser Velocimetry Instrumentation-Namely,
Measurement Instrument for Use in Determining Aerodynamic Particle Size Owned by: TSI INCORPORATED Serial Number: 73356850 |
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RENEWAL HISTORY |
Filing Date Filing 04/25/1988 Annual
Renewal - Business Corporation (Domestic) 03/27/1989 Annual
Renewal - Business Corporation (Domestic) 03/07/1990 Annual
Renewal - Business Corporation (Domestic) 01/17/1991 Annual
Renewal - Business Corporation (Domestic) 01/03/1992 Annual
Renewal - Business Corporation (Domestic) 03/12/1993 Annual
Renewal - Business Corporation (Domestic) 03/09/1994 Annual
Renewal - Business Corporation (Domestic) 12/29/1995 Annual
Renewal - Business Corporation (Domestic) 02/18/1997 Annual
Renewal - Business Corporation (Domestic) 01/12/1998 Annual
Renewal - Business Corporation (Domestic) 07/06/1999 Annual
Renewal - Business Corporation (Domestic) 02/25/2000 Annual
Renewal - Business Corporation (Domestic) 02/13/2001 Annual
Renewal - Business Corporation (Domestic) 03/26/2002 Annual
Renewal - Business Corporation (Domestic) 06/09/2003 Business
Corporation (Domestic) Annual Renewal Deferred 01/01/2004 Business
Corporation (Domestic) Annual Renewal Deferred 01/05/2004 Annual
Renewal - Business Corporation (Domestic) 10/05/2005 Annual
Renewal - Business Corporation (Domestic) 03/20/2006 Annual
Renewal - Business Corporation (Domestic) 11/06/2007 Annual
Renewal - Business Corporation (Domestic) 02/24/2008 Annual
Renewal - Business Corporation (Domestic) 08/19/2009 Annual
Renewal - Business Corporation (Domestic) 01/04/2010 Annual
Renewal - Business Corporation (Domestic) 01/04/2011 Annual
Renewal - Business Corporation (Domestic) 1/27/2012 Annual
Renewal - Business Corporation (Domestic) 9/23/2013 Annual
Renewal - Business Corporation (Domestic) 3/27/2014 Annual
Renewal - Business Corporation (Domestic) 12/8/2015 Annual
Renewal - Business Corporation (Domestic) 10/6/2016 Annual
Renewal - Business Corporation (Domestic) 1/31/2017 Annual
Renewal - Business Corporation (Domestic) |
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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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Founded in 1961, Tsi, Incorporated is a large-sized
organization in the office machine manufacturers industry located in Saint
Paul, MN. It has 850 full time employees and generates an
estimated $100 million in annual revenue. The company operates nationally and internationally,
mainly importing from Taiwan. 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 |
Bob |
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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, the
number of employees and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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US Dollar |
1 |
INR 63.60 |
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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NIS |
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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.