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MIRA INFORM REPORT
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Report No. : |
488670 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
TECHNOLOGY APPLICATIONS, INC. |
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Registered Office : |
5303 Spine Rd, Suite 101, Boulder, CO 80301, United States |
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Country : |
United States |
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Date of Incorporation : |
29.04.1994 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in provides thermal straps (often referred to as "flexible thermal links,"
"heat straps," "thermal shunts," or "thermal
cables") |
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No. of Employees : |
8 |
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 : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
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: |
TECHNOLOGY APPLICATIONS, INC. |
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Trade Names: |
TECHNOLOGY APPLICATIONS, INC. |
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ID: |
19941049551 |
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Date Created: |
1994 |
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Date Incorporated: |
04/29/1994 |
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Legal Address: |
5303 Spine Rd, Suite 101, Boulder, CO 80301, United States |
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Operative Address: |
5303 Spine Rd, Suite 101, Boulder, CO 80301, United States |
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Telephone: |
720.917.4606 303.867.8145 (303) 443-2262 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
tlink@techapps.com |
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Registered in: |
COLORADO |
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Website: |
www.techapps.com |
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Contact: |
Brian L Sperry - President |
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Staff: |
8 |
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Activity: |
NAICS 1: Engineering Services SIC 1: Machine Tool Design |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1994. |
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PRINCIPAL
ACTIVITY
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Technology Applications, Inc. provides thermal straps (often referred to as "flexible thermal links,"
"heat straps," "thermal shunts," or "thermal
cables") |
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Products/Services description: |
The company offers vibration isolation, remote
(distributed) cooling, high-conductance graphite fiber thermal straps, copper
thermal straps, carbon and aluminum straps, and thermal management of
electronic components and enclosures. |
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Brands: |
TAI |
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Sales are: |
Wholesale |
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Clients: |
DoD, NASA, ESA, JAXA, aerospace prime contractors,
national laboratories, universities, and commercial firms across the globe. |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The subject employs |
8 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
5303 Spine Rd, Suite 101, Boulder, CO 80301, 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: |
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: |
Brian L Sperry – President Rolf Baumgartner – Manager Greg Fickbohm - Business Manager Robert Mohling - Manager Edward Myers - General Manager |
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 |
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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 |
Government Contractor: TECHNOLOGY APPLICATIONS, INC. Name & Address: 5303 SPINE RD UNIT 101 BOULDER, CO 80301-3330 Number of Defense Contracts Awarded : 31 Dollar Amount of Defense Contracts Awarded:$7,626,455 |
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CASES |
Thermal Space, Ltd. v. Technology Applications, Inc. et al Plaintiff: Thermal Space, Ltd. Defendant: Technology Applications, Inc., TAI, Inc., Brian
Sperry, Jeffrey Tyler Link, Brian (I) Sperry and Jeffrey (I) Tyler Link Case Number: 1:2017cv00351 Filed: February 8, 2017 Court: Colorado District Court Office: Denver Office County: Boulder Presiding Judge: Nina Y. Wang Nature of Suit: Trademark Cause of Action: 15:1125 Jury Demanded By: Plaintiff |
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TRADEMARKS |
CUTS Flexible straps made of copper rope and blocks, that
transfer heat out of hot instruments and products, and move it to other… Owned by: Technology Applications, Inc. Serial Number: 87138559 GFTS Flexible graphite fiber thermal straps made of carbon or
graphite, that are used to transfer heat from a device, product… Owned by: Technology Applications, Inc. Serial Number: 87152587 OFHC ULTRAFLEX Copper cable, not insulated Owned by: Technology Applications, Inc. Serial Number: 87603834 |
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RENEWAL HISTORY |
1 Amendment 01/29/2002 01/29/2002 01/29/2002
12:00 AM 20021022168 AMENDED/RESTATED ARTICLES 2 Articles
of Incorporation 04/29/1994 04/29/1994 04/29/1994 12:00 AM 19941049551
TECHNOLOGY APPLICATIONS,
INC. 3 Change in
Status 07/01/2005 07/01/2005 07/01/2005 01:40 AM Failure
to file annual report 4 Change in
Status 07/01/2009 07/01/2009 07/01/2009 01:09 AM Failure
to file annual report 5 Periodic
Report due 03/23/2012 03/23/2012 03/23/2012 02:55 AM Periodic
Report due by: 06/30/2012 6 Periodic
Report due 03/23/2013 03/23/2013 03/23/2013 03:09 AM Periodic
report due by: 06/30/2013 7 Periodic
Report due 03/24/2014 03/24/2014 03/24/2014 07:21 PM Periodic
report due by: 06/30/2014 8 Periodic
Report due 03/23/2015 03/23/2015 03/23/2015 02:59 AM Periodic
report due by: 06/30/2015 9 Periodic
Report due 03/23/2016 03/23/2016 03/23/2016 02:25 AM Periodic
report due by: 06/30/2016 10 Periodic
Report due 03/23/2017 03/23/2017 03/23/2017 02:22 AM Periodic
report due by: 06/30/2017 11 Periodic
Report due in one week 06/24/2016
06/24/2016 06/24/2016 01:47 AM Periodic report due by: 06/30/2016 12 postcard notification
printed 03/21/2005 to be
mailed 04/01/2005 03/21/2005 03/21/2005 03/21/2005 02:42 PM annual
report due: 06/30/2005 13 postcard
notification printed 03/21/2006 to be
mailed 04/01/2006 03/21/2006 03/21/2006 03/21/2006 02:28 AM annual
report due: 06/30/2006 14 postcard
notification printed 03/23/2007 to be
mailed 04/01/2007 03/23/2007 03/23/2007 03/23/2007 04:11 AM annual
report due: 06/30/2007 15 postcard
notification printed 03/23/2008 to be
mailed 04/01/2008 03/23/2008 03/23/2008 03/23/2008 05:27 AM annual
report due: 06/30/2008 16 postcard
notification printed 03/23/2009 to be
mailed 04/01/2009 03/23/2009 03/23/2009 03/23/2009 04:05 AM annual
report due: 06/30/2009 17 postcard
notification printed 03/23/2010 to be
mailed 04/01/2010 03/23/2010 03/23/2010 03/23/2010 04:29 AM annual
report due: 06/30/2010 18 postcard
notification printed 03/23/2011 to be
mailed 04/01/2011 03/23/2011 03/23/2011 03/23/2011 03:47 AM periodic
report due: 06/30/2011 19 postcard
notification printed 07/23/2005 to be
mailed 08/01/2005 07/23/2005 07/23/2005 07/23/2005 01:42 AM annual
report due: 09/30/2005 20 Report 04/15/1996 04/15/1996
04/15/1996 12:00 AM 19961052174 PERIODIC REPORT |
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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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Technology Applications, Inc. is a small organization in
the engineering services industry located in Boulder, CO. It opened its doors in 1994 and now has an estimated $1.1
million in yearly revenue and 8 employees. The company operates nationally and internationally. It is
ACTIVE in business with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH
FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Greg |
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POSITION |
Business Manager |
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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 63.75 |
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1 |
INR 89.39 |
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Euro |
1 |
INR 78.54 |
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USD |
1 |
INR 63.73 |
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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VAR |
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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
·
Promoters
/ Management background
·
Payment
record
·
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.