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MIRA INFORM REPORT
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Report No. : |
488704 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TECHNOSOLUTIONS CORPORATION |
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Registered Office : |
800 Ne Tenney Rd Ste 110-124, Vancouver, Wa, 98685-2831 |
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Country : |
United States |
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Date of Incorporation : |
23.10.1995 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is dedicated to the design and development of computer systems
and systems software. |
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No. of Employees : |
14 |
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 : |
Slow but Correct |
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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: |
TECHNOSOLUTIONS CORPORATION |
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Trade Names: |
TECHNOSOLUTIONS CORPORATION |
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ID: |
601 665 529 |
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Date Created: |
1995 |
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Date Incorporated: |
10/23/1995 |
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Legal Address: |
800 NE TENNEY RD STE 110-124, VANCOUVER, WA, 98685-2831, UNITED STATES |
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Operative Address: |
1308, NE 134th Street, Suite A, Vancouver WA 98685, USA |
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Telephone: |
+1 360-260-0710 |
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Fax: |
+1 360-859-4088 |
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Legal Form: |
CORPORATION |
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Email: |
sales2017@technosolutions.com |
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Registered in: |
WASHINGTON |
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Website: |
sales2017@technosolutions.com |
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Contact: |
ASHUTOSH POTNIS - DIRECTOR |
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Staff: |
14 |
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Activity: |
NAICS 1: Computer Systems Design Services SIC 1: Computer Related Consulting Services SIC 2: Systems Software Development Services |
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Banks
BANK OF AMERICA |
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History
The company was founded in 1995. In 1996, TechnoSolutions launched the
SQL Navigator® for Oracle databases. SQL Navigator® was the first tool to introduce PL/SQL and SQL color
syntax hi-lighting, stored procedure debugging, 'Drag and Drop' coding and
code templates. It now has an installed base of over 100,000 users. SQL
Navigator® has been acquired by Quest Software. |
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PRINCIPAL
ACTIVITY
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Technosolutions Corporation is dedicated to the design and development
of computer systems and systems software. |
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Products/Services description: |
The company offers innovative tools for the software life cycle. |
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Brands: |
TechnoSolutions |
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Sales are: |
Retail |
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Clients: |
Private Costumers |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject employs |
14 employees |
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Payments: |
Slow but correct |
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LOCATION
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Headquarters : |
1308, NE 134th Street, Suite A Vancouver WA 98685, USA |
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Comments on Address: |
The address given in the order is the company`s mailing address and
its legal address. |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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. We could
not confirm shareholders of the subject. |
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Management: |
GOVERNOR INDIVIDUAL ASHUTOSH POTNIS GOVERNOR INDIVIDUAL VAIDEHI PADHYE |
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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 |
1.300.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
Filing Number Filing Date Time Effective Date Filing Type Action 0009705637 10/24/2017
12:00:00 AM ANNUAL REPORT 0009360707 11/17/2016
12:00:00 AM ANNUAL REPORT 0008877523 10/31/2015
12:00:00 AM ANNUAL REPORT 0008509110 10/30/2014
12:00:00 AM ANNUAL REPORT 0008536299 11/06/2013
12:00:00 AM ANNUAL REPORT 0007763758 10/22/2012
12:00:00 AM ANNUAL REPORT 0007449136 11/28/2011
12:00:00 AM ANNUAL REPORT 0007076618 11/25/2010
12:00:00 AM ANNUAL REPORT 0006787242 12/18/2009
12:00:00 AM ANNUAL REPORT 0006481535 12/11/2008
12:00:00 AM ANNUAL REPORT 0006137811 11/30/2007
12:00:00 AM ANNUAL REPORT 0005820070 10/24/2006
12:00:00 AM ANNUAL REPORT 0005551296 10/31/2005
12:00:00 AM ANNUAL REPORT 0005334302 11/01/2004
12:00:00 AM ANNUAL REPORT 0005619028 10/13/2003
12:00:00 AM ANNUAL REPORT 0005619063 10/13/2003
12:00:00 AM ANNUAL REPORT 0004674158 10/21/2002 12:00:00
AM ANNUAL REPORT 0004347426 11/06/2001
12:00:00 AM ANNUAL REPORT 0004142083 11/15/2000
12:00:00 AM ANNUAL REPORT 0003719434 11/05/1999
12:00:00 AM ANNUAL REPORT 0003596092 10/12/1998
12:00:00 AM ANNUAL REPORT 0003376950 10/23/1995
12:00:00 AM ARTICLES OF INCORPORATION |
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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, Technosolutions Corporation is a small organization in
the computer related service company’s industry located in Vancouver, WA. It has 14 full time employees and generates an estimated $1.3 million
in annual revenue. The company operates nationally. 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 |
Slow but correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called number +1 360-260-0710 several times and received no answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.55 |
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1 |
INR 89.82 |
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Euro |
1 |
INR 78.87 |
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USD |
1 |
INR 63.67 |
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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VIV |
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Report Prepared
by : |
NIT |
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
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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.