|
|
|
MIRA INFORM REPORT
|
Report No. : |
495467 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
EDGE SYSTEMS LLC |
|
|
|
|
Registered Office : |
2710 Gateway Oaks Drive, Suite 150N, Sacramento, CA, USA |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
2016 [Summarized] |
|
|
|
|
Date of Incorporation : |
1997 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject designs, develops, manufactures, markets, and sells aesthetic
technologies and products. |
|
|
|
|
No. of Employees : |
120 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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%.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
|
Legal Name: |
EDGE SYSTEMS LLC |
|
Trade Names: |
EDGE SYSTEMS LLC THE HYDRAFACIAL COMPANY |
|
ID: |
201233810062 |
|
Date Created: |
1997 |
|
Date Incorporated: |
11/28/2012 |
|
Legal Address: |
2710 Gateway Oaks Drive, Suite 150N, Sacramento, CA, USA |
|
Operative Address: |
2277 Redondo Avenue Signal Hill CA 90755, USA |
|
Telephone: |
(800) 603-4996 |
|
Fax: |
562-597-0148 |
|
Legal Form: |
Limited Liability Company |
|
Email: |
- |
|
Registered in: |
CALIFORNIA |
|
Website: |
www.edgeforlife.com |
|
Contact: |
Bill Cohen - President |
|
Staff: |
120 |
|
Activity: |
NAICS 1: Medical, Dental, and Hospital Equipment and Supplies Merchant
Wholesalers SIC 1: Medical Equipment And Supplies |
|
|
|
|
Banks: |
BANK OF AMERICA |
|
|
|
|
History: |
Edge Systems LLC was founded in 1997 and is based in Signal Hill,
California. |
|
|
|
|
Parent Company: |
As of December 2016, the company operates as a joint subsidiary of: Linden Capital Partners, L.P. 150 North Riverside Plaza Suite 5100 Chicago, IL 60606 United States DW Healthcare Partners 1413 Center Drive Suite 220 Park City, UT 84098 United States |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
Edge Systems LLC designs, develops, manufactures, markets, and sells
aesthetic technologies and products. |
|
Products/Services description: |
It offers hydradermabrasion system that enhances the skin to cleanse, exfoliate,
extract, and hydrate simultaneously; HydraFacial Daily Essentials, which
provides detoxification, rejuvenation, and protection of skin; crystal
microdermabrasion systems; and light emitting diode systems. The company also
provides system surgical smoke evacuators that vacuums the plume created by
laser and electrocautery treatments, such as hair removal, tattoo removal,
erbium, and veterinary procedures. Its system surgical smoke evacuators are
used by hospitals, plastic surgeons, cosmetic surgeons, OB/GYN,
veterinarians, and others. In addition, it offers marketing support services. |
|
Brands: |
Hydrafacial |
|
Sales are: |
Wholesale |
|
Clients: |
Representaciones Opticas Colombianas S.A Sistemas Dermatologicos Internacionales S.A. De
C.V. |
|
Suppliers: |
Tian Wun Engineering & Trading Co., |
|
Operations area: |
National and International |
|
The company imports from |
TAIWAN |
|
The company exports to |
COLOMBIA MEXICO |
|
The subject employs |
120 employees |
|
Payments: |
No Complaints |
|
|
|
LOCATION
|
|
|
Headquarters : |
2277 REDONDO AVENUE SIGNAL HILL CA 90755, USA |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found. |
|
Related Companies: |
No related companies were found. |
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information on shareholders. The following
information has been obtained through private sources and could not be
confirmed: As of December 2016, the company operates as a joint subsidiary of: Linden Capital Partners, L.P. 150 North Riverside Plaza Suite 5100 Chicago, IL 60606 United States DW Healthcare Partners 1413 Center Drive Suite 220 Park City, UT 84098 United States |
|
Management: |
Bill Cohen - President Mr. Roger Ignon – Director Deborah Rodriguez – Administrator Mr. Jeff Turner - Project Manager Ms. Sheri Sallenbach - Research and Development Staff |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its financial
statements public. The following information has been provided by private
sources: |
|
|
|
|
USD 2016 |
|
|
Gross Sales |
35.400.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
PATENTS |
Removable tips for skin treatment systems Patent number: 9474886 Abstract: An apparatus for treating skin has a console with a user input
device and a handpiece assembly. The handpiece assembly is configured to
treat skin. A fluid line provides fluid communication between the console and
the handpiece assembly. A manifold system is coupled to the console and
controlled by the user input device. The manifold system is configured to
hold releasably a plurality of fluid sources and deliver fluid from at least
one of the plurality of fluid sources to the handpiece assembly. Type: Grant Filed: October 6, 2011 Date of Patent: October 25, 2016 Assignee: Edge Systems LLC Inventors: Roger Ignon, Scott Mallett, Abraham Solano, William Cohen Methods and systems for extraction of materials from skin Patent number: 9662482 Abstract: An apparatus for treating skin has a console with a user
input device and a handpiece assembly. The handpiece assembly is configured
to treat skin. A fluid line provides fluid communication between the console
and the handpiece assembly. A manifold system is coupled to the console and
controlled by the user input device. The manifold system is configured to
hold releasably a plurality of fluid sources and deliver fluid from at least
one of the plurality of fluid sources to the handpiece assembly. Type: Grant Filed: April 28, 2015 Date of Patent: May 30, 2017 Assignee: Edge Systems LLC Inventors: Roger Ignon, Scott Mallett, Abraham Solano, William Cohen Console system for the treatment of skin Patent number: 9550052 Abstract: An apparatus for treating skin has a console with a user
input device and a handpiece assembly. The handpiece assembly is configured
to treat skin. A fluid line provides fluid communication between the console
and the handpiece assembly. A manifold system is coupled to the console and
controlled by the user input device. The manifold system is configured to
hold releasably a plurality of fluid sources and deliver fluid from at least
one of the plurality of fluid sources to the handpiece assembly. Type: Grant Filed: April 28, 2015 Date of Patent: January 24, 2017 Assignee: Edge Systems LLC Inventors: Roger Ignon, Scott Mallett, Abraham Solano, William Cohen |
|
|
|
|
GOVERNMENT CONTRACTS |
No records found. |
|
|
|
|
CASES |
Edge Systems LLC et al v. Image MicroDerm Inc. Plaintiff: Axia MedSciences, LLC and Edge Systems LLC Defendant: Image MicroDerm Inc. Case Number: 2:2017cv08699 Filed: December 1, 2017 Court: California Central District Court Presiding Judge: Philip S. Gutierrez Referring Judge: Alicia G. Rosenberg Nature of Suit: Other Edge Systems LLC et al v. Aesthetic Skin Systems LLC Plaintiff: Axia MedSciences, LLC and Edge Systems LLC Defendant: Aesthetic Skin Systems LLC Case Number: 2:2017cv04597 Filed: June 22, 2017 Court: California Central District Court Presiding Judge: Philip S. Gutierrez Referring Judge: Alexander F. MacKinnon Nature of Suit: Other Edge Systems LLC et al v. Ageless Serums LLC Plaintiff: Axia Medsciences LLC and Edge Systems LLC Defendant: Ageless Serums LLC Case Number: 2:2017cv02720 Filed: April 10, 2017 Court: California Central District Court Referring Judge: Steve Kim Presiding Judge: R. Gary Klausner Nature of Suit: Patent |
|
|
|
|
TRADEMARKS |
EDGE computer systems and software design for others working in an office
environment; computer consultation, namely, provide… Owned by: EDGE SYSTEMS, LLC Serial Number: 75029556 IMEDGE computer software for document management Owned by: EDGE SYSTEMS, LLC Serial Number: 75038077 IMEDGE computer software for document management Owned by: EDGE SYSTEMS, LLC Serial Number: 75038078 EDGE microcomputers and microcomputer monitors for business applications Owned by: EDGE SYSTEMS, LLC Serial Number: 75038099 EDGE computer software for office automation Owned by: EDGE SYSTEMS, LLC Serial Number: 75038144 EDGE.COM PROCESSING OF ELECTRONIC DATA FROM INFORMATION PROVIDED BY A CLIENT ON
A COMPUTER REMOTE FROM THE CLIENT'S SITE, THE REMOTE… Owned by: EDGE SYSTEMS, LLC Serial Number: 75799215 |
|
|
|
|
RENEWAL HISTORY |
Document Type File Date SI-COMPLETE 01/16/2018 AMENDMENT 05/01/2017 SI-COMPLETE 03/10/2017 AMENDMENT 12/19/2012 REGISTRATION 11/28/2012 |
|
|
|
|
UCC |
No records found. |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY
|
|
|
|
Edge Systems Llc is a mid-sized organization in the medical and
hospital equipment company’s industry located in Signal Hill, CA. It opened its doors in 1997 and now has an estimated $35.4 million in
yearly revenue and 120 employees. The company operates nationally and internationally, mainly importing
from Taiwan. It is ACTIVE in business with no negative records. |
|
|
|
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
No Complaints |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
- |
|
POSITION |
- |
|
COMMENTS |
We called number (800) 603-4996 several times and received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
|
US Dollar |
1 |
INR 64.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.