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MIRA INFORM REPORT
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Report No. : |
496938 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PRECOR INCORPORATED |
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Registered Office : |
Wilmington,
New Castle, DE 19801 |
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Country : |
United States |
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Financials (as on) : |
2015 |
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Date of Incorporation : |
1980 |
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Legal Form : |
Corporation |
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Line of Business : |
·
Subject makes a
variety of fitness equipment, including treadmills, cycles, climbers, stretch
trainers, elliptical fitness crosstrainers, and strength-training systems.
They're used at home, in fitness facilities, hotel fitness centers, and
corporate environments. The company boasts offices in the US, as well as
Austria, Benelux, China, France, Germany, Japan, Spain, Switzerland, and the
UK. Its international division manages distribution through a dealer network
spanning more than 100 countries. ·
Subject
manufactures and markets fitness/gym equipment for workouts worldwide. It
offers cardio equipment, such as adaptive motion trainers, cross-trainers,
treadmills, bikes and strength equipment, climbers, stretching equipment,
consoles, and entertainment options. The company also provides pre-sales and
after-sales support services, including facility designs, member attraction
initiatives, financing options, and planning services. It serves gyms,
education institutions, hotels, and local authorities, as well as individual
exercisers and operators. |
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No. of Employees : |
590 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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 has 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: |
PRECOR INCORPORATED |
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Trade
Name: |
PRECOR USA |
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ID: |
2037940 |
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Date
Created: |
1980 |
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Date
Incorporated: |
6/19/1984 |
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Legal
Address: |
Wilmington, New Castle DE 19801 USA |
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Operative
Address: |
20031 142nd Ave Ne Woodinville, Washington
98072-8473 United States |
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Telephone:
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1-800-786-8404 425-486-9292 |
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Fax: |
425-486-9292 |
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Legal
Form: |
Corporation |
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Email: |
mediarelations@precor.com |
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Registered
in: |
DELAWARE |
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Website:
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www.precor.com |
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Contact: |
Rob Barker, President Mark Gooding, Chief Financial
Officer |
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Staff: |
590 |
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Activity: |
Sporting Goods Manufacturing
Industry Manufacturing Sector Industry Fitness Equipment Manufacturing
Industry |
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BANKS: |
The company does not make its banking data public |
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HISTORY
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The company was founded in 1980. |
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Key
Developments: |
As of October 2002, Precor
Incorporated operates as a subsidiary of Amer Sports Corp. |
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PRINCIPAL
ACTIVITY
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Founded in
1980, Precor Incorporated is a large-sized organization in the sporting goods
companies industry located in Woodinville, WA. |
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Products/Services description: |
Precor makes a variety of fitness equipment, including treadmills,
cycles, climbers, stretch trainers, elliptical fitness crosstrainers, and
strength-training systems. They're used at home, in fitness facilities, hotel
fitness centers, and corporate environments. The company boasts offices in
the US, as well as Austria, Benelux, China, France, Germany, Japan, Spain,
Switzerland, and the UK. Its international division manages distribution
through a dealer network spanning more than 100 countries. Precor Incorporated
manufactures and markets fitness/gym equipment for workouts worldwide. It offers
cardio equipment, such as adaptive motion trainers, cross-trainers,
treadmills, bikes and strength equipment, climbers, stretching equipment,
consoles, and entertainment options. The company also provides pre-sales and
after-sales support services, including facility designs, member attraction
initiatives, financing options, and planning services. It serves gyms,
education institutions, hotels, and local authorities, as well as individual
exercisers and operators. |
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Brands: |
Adaptive Motion Trainer® AMT® Cardio Theater® CrossRamp® EFX® EFX Elliptical Fitness Crosstraining™ Elliptical Fitness Crosstrainer™ Elliptical Fitness Crosstraining™ Experience™ Experience Strength™ Ground Effects® Icarian® Integrated Footplant Technology™ Member Experience® Muscle Monitor™ Precor® Preva® QuickStart™ SmartRate® Space Planner® SmartService™ StretchTrainer™ Stride Dial™ Teambike™ |
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Sales are: |
Wholesale and Retail |
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Clients: |
The company serves the following
markets: Health Clubs Corporate Wellness Education Federal Government Fire Departments Hospitality and Spa Law Enforcement Medical and Rehabilitation Multi-Family Housing Parks and Recreation YMCA Interglobe Hote India Ceres Hotels Private Limited. India UNITED PARCEL SERVICE DE MEXICO SA DE CV Mexico Importadora Y Distribuidora Kcg S.A. De C.V. Mexico |
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Suppliers: |
QINGDAO GRAND FITNESS
INTERNATIONAL China MFITNESS INTERNATIONAL Maryland |
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Operations area: |
National and International |
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The company imports from |
China and Maryland |
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The company exports to |
India and Mexico |
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The subject
employs |
590 employees |
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Payments:
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Regular |
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LOCATION
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Headquarters
: |
20031 142nd Ave Ne Woodinville, Washington 98072-8473 United States |
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Comments: |
NA |
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Branches: |
No branches found |
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Related
Companies: |
NA |
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Top
Competitors |
Cybex International, Inc. 10 Trotter Dr Medway, MA, 02053 United States (508) 533-4300 Icon Health & Fitness, Inc. 1500 S 1000 W Logan, UT, 84321 United States (435) 750-5000 Life Fitness, Inc. 9525 Bryn Mawr Ave Rosemont, IL, 60018 United States (800) 494-6344 |
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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: |
This is a private company. As of October 2002,
Precor Incorporated operates as a subsidiary of: Amer Sports Corp. Konepajankuja 6 Helsinki,
00510 Finland |
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Management: |
Rob Barker, President Mark Gooding, Chief Financial Officer Kirk Hahn, Chief Operating Officer Jim Birrell, Chief Innovation Officer Ed Kreuscher, Crunch Fitness franchisee Bill Dixon, Vice President of Operations Elisa Humphrey, Senior Vice President of Consumer
Division Chris Torggler, Senior Vice President of Commercial
Division |
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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 2015 |
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Revenue |
178,800,000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Exercise device path traces Patent number: 9724566 Abstract: An apparatus and method concurrently
present a plurality of visible tracings or a single continuous visible tracing
that overlaps itself, each of the visible tracings being based upon movement
taken by a member of an exercise device. Type: Grant Filed: April 20, 2015 Date of Patent: August 8, 2017 Assignee: Precor Incorporated Inventor: James S. Birrell Universal exercise guidance system Patent number: 9636543 Abstract: An apparatus obtains an exercise route of
workouts associated with a person for achieving a fitness objective,
determines parameters for first workout option of a first type to replace a second
workout option of a second different type such that the first workout option
is interchangeable with the second workout option while satisfying the
exercise route and displays the determined parameters for the first workout
option. Type: Grant Filed: February 28, 2014 Date of Patent: May 2, 2017 Assignee: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe Selectable stride elliptical Patent number: 9604096 Abstract: An exercise apparatus comprises a frame,
left and right foot link supporting left and right foot pads. The left and
right foot pads synchronously move out of phase through an elliptical path
having an adjustable step height. The apparatus may include left and right
side arms pivotally connected to the left and right foot links and pivotally
supported by the frame. Left and right cranks eccentrically support left and
right crank guides. Left and right links each have a first end pivotably
connected to left and right foot links and a second end operably coupled to
the left and right crank guides, respectively. A movable adjustment member is
connected to left and right flexible members operably coupled to the left and
right foot links. Movement of the adjustable member adjusts an extent to
which the left and right flexible members wrap about the respective left and
right crank guides. Type: Grant Filed: October 14, 2016 Date of Patent: March 28, 2017 Assignee: Precor Incorporated Inventors: Peter J. Arnold, James S. Birrell Adaptive motion exercise device Patent number: 9597540 Abstract: An exercise device includes first and
second crank arms configured to rotate 180 degrees out of phase with respect
to one another about a first axis; a track; first and second foot links,
first and second footpads carried by the first and second foot links between
the first link portion and the second link portion and first and second front
arms. Each of the first and second foot links has a first link portion that
moves along the track while pivoting. Each of the first and second front arms
has a first arm portion pivotally coupled to one of the foot links and a
second arm portion pivotally coupled one of the crank arms. In one
embodiment, a disc rotates in response to movement of the first foot link
along the track, wherein a magnet facing the disc forms an eddy brake. Type: Grant Filed: February 14, 2012 Date of Patent: March 21, 2017 Assignee: Precor Incorporated Inventor: Peter J. Arnold Exercise apparatus with non-uniform foot pad
transverse spacing Patent number: 9586085 Abstract: A method and apparatus guide inclined
movement of a left foot pad in a fore-aft direction on a first side of a
longitudinal centerline of an exercise apparatus and inclined movement of a
right foot pad in the fore-aft direction on a second side of the longitudinal
centerline of the exercise apparatus such that the right foot pad and the
left foot pad are transversely spaced from the longitudinal centerline by a
first distance when proximate to a front of the exercise apparatus and are
transversely spaced from the longitudinal centerline by a second distance
greater than the first distance when proximate to a rear of the exercise
apparatus. Type: Grant Filed: June 4, 2014 Date of Patent: March 7, 2017 Assignee: Precor Incorporated Inventors: Peter J. Arnold, James S. Birrell,
Jonathan M. Stewart Selectable stride elliptical Patent number: 9468795 Abstract: An exercise apparatus comprises a frame, a
left foot link supporting a left foot pad, a right foot link supporting a
right foot pad in a left foot link supporting a left foot pad. The right foot
pad is linked to the left foot pad so as to synchronously move out of phase
with the left foot pad through an elliptical path having an adjustable step
height and an adjustable stride length. An adjustment synchronizer is
operably coupled to the left foot link and the right foot link to
synchronously adjust both the step height and the stride length of the
elliptical path. Type: Grant Filed: February 2, 2016 Date of Patent: October 18, 2016 Assignee: Precor Incorporated Inventors: Peter J. Arnold, James S. Birrell Treadmill belt wear notification system Patent number: 9430920 Abstract: Belt wear of a treadmill is determined.
Samples of electric current draw of a treadmill at different speeds of the
treadmill belt of the treadmill are received. A value of each sample is
differently weighted based on a speed of the treadmill belt at which the
value of each sample was obtained. A belt wear notification is output based
on the different weighted values of the samples. Type: Grant Filed: March 12, 2015 Date of Patent: August 30, 2016 Assignee: Precor Incorporated Inventors: Daniel L. M. Munro, Mark Albright, Tormay
J Brown, Doug Durnford, Gregory B May, Blakely T Pennington, Cynthia
Tremblay, Richard W Whitbeck Fitness facility equipment usage control system Patent number: 9418349 Abstract: A system and method manage distribution of
fitness equipment units based upon automatically collected usage information
for the fitness equipment units. Type: Grant Filed: January 5, 2015 Date of Patent: August 16, 2016 Assignee: Precor Incorporated Inventors: Mark E. Ainsworth, Robert J. Silbernagel,
Susan W. M. Bell, James S. Birrell Dynamic fitness equipment user interface adjustment Patent number: 9367668 Abstract: A method and exercise system obtain at
least one parameter of ongoing exercise on a fitness equipment unit and
adjust at least one operational characteristic of the user interface while a
person is exercising and based upon the obtained at least one parameter of
ongoing exercise. Type: Grant Filed: February 28, 2012 Date of Patent: June 14, 2016 Assignee: Precor Incorporated Inventors: David W. Flynt, Salman A. Khilji, Piet H.
Schouten, James S. Birrell Fitness equipment unit Patent number: 9320937 Abstract: A fitness equipment unit includes a member
rotatable about an axis and a source of resistance against rotation of the
member. Rotation of the member is facilitated by pulling on a first end of
the line while the other end of the line is stationary, pulling on a second
end of the line while the first end is stationary or concurrently pulling on
both the first end and the second end of the line. Type: Grant Filed: May 10, 2013 Date of Patent: April 26, 2016 Assignee: Precor Incorporated Inventor: Gregory A. Thompson Selectable stride elliptical Patent number: 9272181 Abstract: An exercise apparatus comprises a frame, a
left foot link supporting a left foot pad, a right foot link supporting a
right foot pad in a left foot link supporting a left foot pad. The right foot
pad is linked to the left foot pad so as to synchronously move out of phase
with the left foot pad through an elliptical path having an adjustable step
height and an adjustable stride length. An adjustment synchronizer is
operably coupled to the left foot link and the right foot link to
synchronously adjust both the step height and the stride length of the
elliptical path. Type: Grant Filed: April 14, 2015 Date of Patent: March 1, 2016 Assignee: Precor Incorporated Inventors: Peter J. Arnold, James S. Birrell EXERCISE APPARATUS WITH NON-UNIFORM FOOT PAD
TRANSVERSE SPACING Publication number: 20150352402 Abstract: A method and apparatus guide inclined movement
of a left foot pad in a fore-aft direction on a first side of a longitudinal
centerline of an exercise apparatus and inclined movement of a right foot pad
in the fore-aft direction on a second side of the longitudinal centerline of
the exercise apparatus such that the right foot pad and the left foot pad are
transversely spaced from the longitudinal centerline by a first distance when
proximate a front of the exercise apparatus and are transversely spaced from
the longitudinal centerline by second distance greater than the first
distance when proximate a rear of the exercise apparatus. Type: Application Filed: June 4, 2014 Publication date: December 10, 2015 Applicant: Precor Incorporated Inventors: Peter J. Arnold, James S. Birrell,
Jonathan M. Stewart Incremental weight and selector Patent number: 9186537 Abstract: An exercise apparatus comprises an
incremental weight system. The incremental weight system comprises an
incremental weight and an incremental weight selector. The incremental weight
selector is liftable by a weight lift and has a lever movable between a
lowered position and a raised position to actuate the selector between an
engaged position engaging the incremental weight such that the incremental
weight is liftable with a first weight by the weight lift and a disengaged
position disengaged from the incremental weight such that the first weight is
liftable independent of the incremental weight. Type: Grant Filed: January 3, 2013 Date of Patent: November 17, 2015 Assignee: Precor Incorporated Inventors: Peter J. Arnold, Jonathan M. Stewart Foot pad of an exercise device Patent number: D797219 Type: Grant Filed: October 24, 2016 Date of Patent: September 12, 2017 Assignee: Precor Incorporated Inventors: Sean K. Horita, Elijah E. Hooper Foot pad of an exercise device Patent number: D797870 Type: Grant Filed: October 24, 2016 Date of Patent: September 19, 2017 Assignee: Precor Incorporated Inventors: Sean K. Horita, Elijah E. Hooper Handle bar of an exercise device Patent number: D798398 Type: Grant Filed: October 24, 2016 Date of Patent: September 26, 2017 Assignee: Precor Incorporated Inventors: Sean K. Horita, Daniel Davidson, Elijah
E. Hooper Housing of an exercise device Patent number: D798399 Type: Grant Filed: October 24, 2016 Date of Patent: September 26, 2017 Assignee: Precor Incorporated Inventors: Elijah E. Hooper, Joshua S. Engstrom Exercise device Patent number: D801451 Type: Grant Filed: October 24, 2016 Date of Patent: October 31, 2017 Assignee: Precor Incorporated Inventors: Elijah E. Hooper, Sean K. Horita, Robert
B. Hubler, Joshua S. Engstrom, Daniel Davidson Rear housing of an exercise device Patent number: D801454 Type: Grant Filed: October 24, 2016 Date of Patent: October 31, 2017 Assignee: Precor Incorporated Inventor: Elijah E. Hooper Shroud of an exercise device Patent number: D802062 Type: Grant Filed: October 24, 2016 Date of Patent: November 7, 2017 Assignee: Precor Incorporated Inventors: Elijah E. Hooper, Robert B. Hubler Exercise device path traces Patent number: 9011291 Abstract: An apparatus and method concurrently
present one or more visible tracings on a display, each of the one or more
visible tracings being based upon one of a plurality of available paths
actually taken by a member of an exercise device. Type: Grant Filed: February 10, 2012 Date of Patent: April 21, 2015 Assignee: Precor Incorporated Inventor: James S. Birrell Fitness facility equipment usage control system Patent number: 8944961 Abstract: A system and method manage distribution of
fitness equipment units based upon automatically collected usage information
for the fitness equipment units. Type: Grant Filed: August 13, 2014 Date of Patent: February 3, 2015 Assignee: Precor Incorporated Inventors: Mark E. Ainsworth, Robert J. Silbernagel,
Susan W. M. Bell, James S. Birrell FITNESS EQUIPMENT UNIT Publication number: 20140336018 Abstract: A fitness equipment unit comprises a
member rotatable about an axis and a source of resistance against rotation of
the member. Rotation of the member is facilitated by pulling on a first end
of the line while the other end of the line is stationary, pulling on a
second end of the line while the first end is stationary or concurrently
pulling on both the first end and the second end of the line. Type: Application Filed: May 10, 2013 Publication date: November 13, 2014 Applicant: Precor Incorporated Inventor: Gregory A. Thompson Fitness facility equipment distribution management Patent number: 8882637 Abstract: A system and method manage distribution of
fitness equipment units based upon automatically collected usage information
for the fitness equipment units. Type: Grant Filed: March 7, 2013 Date of Patent: November 11, 2014 Assignee: Precor Incorporated Inventors: Mark E. Ainsworth, Robert J. Silbernagel,
Susan W. M. Bell, James S. Birrell Ball bat having improved structure to allow for
detection of rolling Patent number: 8858373 Abstract: A ball bat extending about a axis, and
including a barrel portion formed of a fiber composite material. The material
includes first and second plies arrangements. The first and second ply
arrangements define first and second ply arrangement thicknesses,
respectively. The first and second arrangements include at least one ply
having first and second plurality of fibers and first and second resin,
respectively. The first and second arrangements define at least one first
angle and second angle with respect to the axis, respectively. Each of the at
least one first angle is of the same angular polarity and each of the at
least second angle is of the same angular polarity. The first angle is of
opposite polarity of the second angle. The ratio of the first and second
arrangement thicknesses is at least 1.5. The first arrangement is positioned
over and within 0.002 in of the second arrangement. Type: Grant Filed: June 28, 2012 Date of Patent: October 14, 2014 Assignee: Precor Incorporated Inventors: Sean S. Epling, Brian S. Hayes, Mark A.
Fritzke, Bradley L. Gaff FITNESS GOAL AND GUIDANCE SYSTEM Publication number: 20140257537 Abstract: A fitness goal and guidance system and
method display a dial to a person exercising. The system and method further
display a first indicator on the dial representing a starting time for a
multi-session exercise metric goal, a second indicator angularly moving about
the axis during the ongoing exercise session based upon on signals indicating
ongoing exercise performance by the person exercising, and a third indicator
angularly spaced from the first indicator about the axis by a sum of a first
arc corresponding to a first target exercise metric value for the ongoing
exercise session and a second arc corresponding to a cumulation of exercise
metric results of exercise sessions preceding the ongoing exercise session
since the starting time. Type: Application Filed: March 7, 2013 Publication date: September 11, 2014 Applicant: PRECOR INCORPORATED Inventor: Precor Incorporated Exercise guidance system Patent number: 8827870 Abstract: An exercise guidance system and method
dynamically adjusts an exercise route for meeting a fitness objective based
upon a comparison of the route and actual received exercise metrics on an
exercise device. Type: Grant Filed: October 2, 2009 Date of Patent: September 9, 2014 Assignee: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe INCREMENTAL WEIGHT AND SELECTOR Publication number: 20140187390 Abstract: An exercise apparatus comprises an
incremental weight system. The incremental weight system comprises an
incremental weight and an incremental weight selector. The incremental weight
selector is liftable by a weight lift and has a lever movable between a
lowered position and a raised position to actuate the selector between an
engaged position engaging the incremental weight such that the incremental
weight is liftable with a first weight by the weight lift and a disengaged
position disengaged from the incremental weight such that the first weight is
liftable independent of the incremental weight. Type: Application Filed: January 3, 2013 Publication date: July 3, 2014 Applicant: PRECOR INCORPORATED Inventors: Peter J. Arnold, Jonathan M. Stewart UNIVERSAL EXERCISE GUIDANCE SYSTEM Publication number: 20140179491 Abstract: An apparatus obtains an exercise route of
workouts associated with a person for achieving a fitness objective,
determines parameters for first workout option of a first type to replace a
second workout option of a second different type such that the first workout
option is interchangeable with the second workout option while satisfying the
exercise route and displays the determined parameters for the first workout
option. Type: Application Filed: February 28, 2014 Publication date: June 26, 2014 Applicant: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe Seat back mounting system Patent number: 8672814 Abstract: A mounting member is adapted for joining a
seat back to a frame. The mounting member includes a base and an extension
projecting from the base along an axis in absence of external forces to the
extension. The extension has an end distant from the base that is connectable
to the seat back and that is resiliently linearly movable in directions
substantially perpendicular to the axis 360° about the axis. Type: Grant Filed: August 17, 2010 Date of Patent: March 18, 2014 Assignee: Precor Incorporated Inventor: Thomas P. Hopkins UNIVERSAL EXERCISE GUIDANCE SYSTEM Publication number: 20140073485 Abstract: An exercise guidance system displays
either a workout option or different exercise options based on a person's
exercise objectives. In one embodiment, the displayed option or options is
additionally based at least partially upon a metabolic equivalent. In another
embodiment, the displayed option or options is additionally based at least
partially upon the time current available time for the workout. Type: Application Filed: November 18, 2013 Publication date: March 13, 2014 Applicant: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe Universal exercise guidance system Patent number: 8663068 Abstract: An exercise guidance system displays
either a workout option or different exercise options based on a person's
exercise objectives. In one embodiment, the displayed option or options is
additionally based at least partially upon a metabolic equivalent. In another
embodiment, the displayed option or options is additionally based at least
partially upon the time current available time for the workout. Type: Grant Filed: November 18, 2013 Date of Patent: March 4, 2014 Assignee: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe Exercise device Patent number: D703278 Type: Grant Filed: February 28, 2012 Date of Patent: April 22, 2014 Assignee: Precor Incorporated Inventor: Sean Horita Portable display device with icon Patent number: D711920 Type: Grant Filed: December 21, 2012 Date of Patent: August 26, 2014 Assignee: Precor Incorporated Inventors: Autumn L. Stroupe, Shay Cody, David W.
Flynt, Joao Pedro Canhenha Fitness equipment display screen with icon Patent number: D712431 Type: Grant Filed: December 21, 2012 Date of Patent: September 2, 2014 Assignee: Precor Incorporated Inventors: Autumn L. Stroupe, Shay Cody, David W.
Flynt, Joao Pedro Canhenha Fitness equipment display screen with icon Patent number: D722606 Type: Grant Filed: December 21, 2012 Date of Patent: February 17, 2015 Assignee: Precor Incorporated Inventors: Autumn L. Stroupe, Shay Cody, David W.
Flynt, Joao Pedro Canhenha Side rails of a treadmill Patent number: D726845 Type: Grant Filed: March 12, 2014 Date of Patent: April 14, 2015 Assignee: Precor Incorporated Inventors: Robert B. Hubler, Stephen C. Pennington,
Weston VanWambeke Frame of a treadmill Patent number: D728045 Type: Grant Filed: March 12, 2014 Date of Patent: April 28, 2015 Assignee: Precor Incorporated Inventors: Robert B. Hubler, Weston VanWambeke Fitness equipment display screen with icon Patent number: D734360 Type: Grant Filed: December 21, 2012 Date of Patent: July 14, 2015 Assignee: Precor Incorporated Inventors: Autumn L. Stroupe, Shay Cody, David W.
Flynt, Joao Pedro Canhenha Side hand rails of a treadmill Patent number: D739902 Type: Grant Filed: March 12, 2014 Date of Patent: September 29, 2015 Assignee: Precor Incorporated Inventors: Robert B. Hubler, Weston VanWambeke Exercise apparatus with flexible element Patent number: 8663072 Abstract: An exercise device includes first and
second coupling systems at each comprise a flexible element. In one
implementation, the exercise device further comprises a step height
adjustment mechanism. The flexible element of the first and second coupling
systems couples at least one crank to a right foot support and a left foot
support. The step height adjustment mechanism allows a person to adjust a
step height of a path through which the left and right foot supports move. Type: Grant Filed: September 25, 2012 Date of Patent: March 4, 2014 Assignee: Precor Incorporated Inventors: Jonathan M. Stewart, David E. Dyer, Peter
J. Arnold Universal exercise guidance system Patent number: 8613689 Abstract: An exercise guidance system and method
display either a workout option or different exercise options based on a
person's exercise objectives. In one embodiment, the displayed option or
options is additionally based at least partially upon a metabolic equivalent.
In another embodiment, the displayed option or options is additionally based
at least partially upon the time current available time for the workout. Type: Grant Filed: September 23, 2010 Date of Patent: December 24, 2013 Assignee: Precor Incorporated Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe EXERCISE METRIC GRAPHICAL CODE GENERATION Publication number: 20130310221 Abstract: Different graphical codes are generated
and displayed based upon signals representing different values of an exercise
metric of a fitness equipment unit. Type: Application Filed: May 18, 2012 Publication date: November 21, 2013 Applicant: PRECOR INCORPORATED Inventor: Nathan S. Zuber Exercise device with gliding footlink pivot guide Patent number: 8556779 Abstract: An exercise device includes a foot link
that glides between a set of guides. At least one guide of the set of guides
pivots to raise and lower the foot link. Type: Grant Filed: December 29, 2008 Date of Patent: October 15, 2013 Assignee: Precor Incorporated Inventor: Steven M. Grind ADAPTIVE MOTION EXERCISE DEVICE Publication number: 20130210585 Abstract: An exercise device comprises first and
second crank arms configured to rotate 180 degrees out of phase with respect
to one another about a first axis; a track; first and second foot links,
first and second footpads carried by the first and second foot links between
the first link portion and the second link portion and first and second front
arms. Each of the first and second foot links has a first link portion that
moves along the track while pivoting. Each of the first and second front arms
has a first arm portion pivotally coupled to one of the foot links and a
second arm portion pivotally coupled one of the crank arms. In one
embodiment, a disc rotates in response to movement of the first foot link
along the track, wherein a magnet facing the disc forms an eddy brake. Type: Application Filed: February 14, 2012 Publication date: August 15, 2013 Applicant: PRECOR INCORPORATED Inventor: PETER J. ARNOLD EXERCISE DEVICE PATH TRACES Publication number: 20130210578 Abstract: An apparatus and method concurrently
present one or more visible tracings on a display, each of the one or more
visible tracings being based upon one of a plurality of available paths
actually taken by a member of an exercise device. Type: Application Filed: February 10, 2012 Publication date: August 15, 2013 Applicant: PRECOR INCORPORATED Inventor: James S. BIRRELL FITNESS FACILITY EQUIPMENT DISTRIBUTION MANAGEMENT Publication number: 20130179214 Abstract: A system and method manage distribution of
fitness equipment units based upon automatically collected usage information
for the fitness equipment units. Type: Application Filed: March 7, 2013 Publication date: July 11, 2013 Applicant: PRECOR INCORPORATED Inventor: Precor Incorporated Fitness facility equipment usage control system and
method Patent number: 8419593 Abstract: An electronic method of obtaining exercise
equipment information. The method including using a first control server
associated with a first fitness facility to gather first usage information
from a first fitness equipment unit, sending the first usage information from
the control server to an accumulated data storage unit, and using the first
control server associated with the first fitness facility to gather second
usage information from a second fitness equipment unit. The method further
including sending the second usage information from the control server to the
accumulated data storage unit, and sending the first usage information from
the accumulated data storage unit information to a requester. Type: Grant Filed: March 14, 2012 Date of Patent: April 16, 2013 Assignee: Precor Incorporated Inventors: Mark E. Ainsworth, Robert J. Silbernagel,
Susan W. M. Bell, James S. Birrell Adjustable total body cross-training exercise device Patent number: 8419598 Abstract: An elliptical exercise device including a
frame having a pivot axis, a foot link, a coupling, a swing arm, an
engagement mechanism, and a guide system. The foot link has rearward, forward
and foot support portions. The foot support portion has a central location.
The coupling couples the rearward portion to the pivot axis so that the
rearward portion of each foot link travels in a closed path relative to the
pivot axis. The engagement mechanism has a first portion coupled to the swing
arm and a second portion coupled to the foot link at a location rearward of
the central location. The guide system supports the forward portion of the
foot link along a preselected reciprocating path of travel as the rearward
portion of the foot link travels along its path of travel. The guide system
is selectably positionable in a plurality of different positions. Type: Grant Filed: January 30, 2006 Date of Patent: April 16, 2013 Assignee: Precor Incorporated Inventors: David E. Dyer, Gregory B. May, Peter J.
Arnold, Jonathan M. Stewart, Robert Silbernagel FITNESS EQUIPMENT SUBSCRIPTION SYSTEM Publication number: 20130053218 Abstract: A method and apparatus receive an
identification of a user at a fitness equipment unit, retrieve a current
subscription plan for the user based upon the identification and make
features for the fitness equipment unit in the current subscription plan of
the user available for use by the user on the fitness equipment unit. Type: Application Filed: August 24, 2011 Publication date: February 28, 2013 Applicant: PRECOR INCORPORATED Inventor: Robert James Barker Exercise apparatus with flexible element Patent number: 8317663 Abstract: An exercise device includes a flexible
support element and a step height adjustment mechanism. The flexible support
element couples at least one crank to a right foot support and a left foot
support. The step height adjustment mechanism allows a person to adjust a
step height of a path through which the left and right foot supports move. Type: Grant Filed: April 14, 2010 Date of Patent: November 27, 2012 Assignee: Precor Incorporated Inventors: Jonathan M. Stewart, David E. Dyer, Peter
J. Arnold Exercise apparatus with flexible element Patent number: 8303470 Abstract: An exercise device includes a flexible
support element and a step height adjustment mechanism. The flexible support
element couples at least one crank to a right foot support and a left foot
support. The step height adjustment mechanism allows a person to adjust a
step height of a path through which the left and right foot supports move. Type: Grant Filed: April 14, 2011 Date of Patent: November 6, 2012 Assignee: Precor Incorporated Inventors: Jonathan M. Stewart, David E. Dyer, Peter
J. Arnold FITNESS FACILITY EQUIPMENT USAGE CONTROL SYSTEM AND
METHOD Publication number: 20120188094 Abstract: An electronic method of obtaining exercise
equipment information. The method including using a first control server
associated with a first fitness facility to gather first usage information
from a first fitness equipment unit, sending the first usage information from
the control server to an accumulated data storage unit, and using the first
control server associated with the first fitness facility to gather second
usage information from a second fitness equipment unit. The method further
including sending the second usage information from the control server to the
accumulated data storage unit, and sending the first usage information from
the accumulated data storage unit information to a requester. Type: Application Filed: March 14, 2012 Publication date: July 26, 2012 Applicant: PRECOR INCORPORATED Inventors: James S. Birrell, Mark E. Ainsworth,
Robert J. Silbernagel, Susan W.M. Bell User status notification system Patent number: 8221292 Abstract: A user status notification system and
method indicate to non-users proximate the fitness equipment unit status
information pertaining to the user while the user is using the fitness
equipment unit. Type: Grant Filed: January 25, 2010 Date of Patent: July 17, 2012 Assignee: Precor Incorporated Inventors: Robert J. Barker, James S. Birrell Fitness facility equipment usage control system and
method Patent number: 8157706 Abstract: A system and method control usage of
exercise equipment by: using a control server remote from a first fitness
equipment unit to gather usage information at a fitness facility including
the first fitness equipment unit; using the control server to communicate a
maximum available individual workout time setting to the first fitness
equipment unit based on the gathered usage information; and applying the
maximum available individual workout time setting to the first fitness
equipment unit. Type: Grant Filed: September 23, 2010 Date of Patent: April 17, 2012 Assignee: Precor Incorporated Inventors: Mark E. Ainsworth, Robert J. Silbernagel,
Susan W. M. Bell, James S. Birrell UNIVERSAL EXERCISE GUIDANCE SYSTEM Publication number: 20120077641 Abstract: An exercise guidance system and method display
either a workout option or different exercise options based on a person's
exercise objectives. In one embodiment, the displayed option or options is
additionally based at least partially upon a metabolic equivalent. In another
embodiment, the displayed option or options is additionally based at least
partially upon the time current available time for the workout. Type: Application Filed: September 23, 2010 Publication date: March 29, 2012 Applicant: PRECOR INCORPORATED Inventors: David E. Dyer, James S. Birrell, Brady A.
Olason, Brian D. Wilson, David W. Flynt, Autumn L. Stroupe Control panel for exercise equipment Patent number: D663367 Type: Grant Filed: April 29, 2010 Date of Patent: July 10, 2012 Assignee: Precor Incorporated Inventors: Brady A. Olason, Sean K. Horita, Aaron
Hawkins, Mark Hoeveler Exercise device Patent number: D687911 Type: Grant Filed: February 28, 2012 Date of Patent: August 13, 2013 Assignee: Precor Incorporated Inventor: Sean Horita Exercise device Patent number: D690375 Type: Grant Filed: February 28, 2012 Date of Patent: September 24, 2013 Assignee: Precor Incorporated Inventor: Sean Horita Exercise device Patent number: D690784 Type: Grant Filed: February 28, 2012 Date of Patent: October 1, 2013 Assignee: Precor Incorporated Inventor: Sean Horita End of travel stop for an exercise device Patent number: 7833133 Abstract: An exercise apparatus for a user. The
exercise apparatus includes a frame, a crank system coupled to the frame, a
pivotal linkage pendulum system, a foot member and a foot member end of
travel apparatus. The crank system includes one or more crank members. The
pivotal linkage pendulum system comprises at least a first link member. The
first link member is coupled to the crank system through at least a first
pivot point. The first pivot point of the first link member is configured to
move in a path during use. The foot member is coupled to the at least one
first link member. The foot member end of travel apparatus provides a
two-stage stiffness profile to the foot member indicating the end of travel
to the user. Type: Grant Filed: December 28, 2006 Date of Patent: November 16, 2010 Assignee: Precor Incorporated Inventors: Jonathan M. Stewart, Rodney P. West,
David E. Dyer, James S. Birrell, Sean Horita Dual selector for a control panel of exercise
equipment Patent number: D643077 Type: Grant Filed: April 29, 2010 Date of Patent: August 9, 2011 Assignee: Precor Incorporated Inventors: Brady A. Olason, Sean K. Horita, Aaron
Hawkins, Mark Hoeveler Seat back for an exercise device Patent number: D643483 Type: Grant Filed: July 1, 2010 Date of Patent: August 16, 2011 Assignee: Precor Incorporated Inventors: Sean K. Horita, Jonathan M. Stewart Selector for a control panel of exercise equipment Patent number: D643484 Type: Grant Filed: April 29, 2010 Date of Patent: August 16, 2011 Assignee: Precor Incorporated Inventors: Brady A. Olason, Sean K. Horita, Aaron
Hawkins, Mark Hoeveler Display panel for exercise equipment Patent number: D651264 Type: Grant Filed: April 29, 2010 Date of Patent: December 27, 2011 Assignee: Precor Incorporated Inventors: Brady A. Olason, Sean K. Horita, Aaron
Hawkins, Mark Hoeveler |
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CASES |
Precor Incorporated et al v.
Yowza Fitness, LLC et al Plaintiff: Larry D Miller and
Precor Incorporated Defendant: Yowzafitness.com,
LLC and Yowza Fitness, LLC Case Number: 2:2011cv01549 Filed: September 16, 2011 Court: Washington Western
District Court Office: Seattle Office County: King Presiding Judge: Richard A
Jones Nature of Suit: Patent Cause of Action: 28:1338 Jury Demanded By: Plaintiff Littaritz v. Exos Incorporated
et al Plaintiff: Andy Littaritz Defendant: Exos Incorporated,
Precor Incorporated, John Golden and Steve Menzel Case Number: 2:2017cv00298 Filed: March 1, 2017 Court: Wisconsin Eastern
District Court Office: Milwaukee Office County: Waukesha Presiding Judge: Lynn Adelman Nature of Suit: Other Personal
Injury Cause of Action: 28:1332 Jury Demanded By: Plaintiff True Fitness Technology, Inc.
v. Precor Inc., 203 F. Supp. 2d 1078 (E.D. Mo. 2001) US District Court for the
Eastern District of Missouri - 203 F. Supp. 2d 1078 (E.D. Mo. 2001) November 6, 2001 203 F. Supp. 2d 1078 (2001) TRUE FITNESS TECHNOLOGY, INC.,
Plaintiff, v.PRECOR INCORPORATED, Defendant. No. 4:99CV1306-DJS. United States District Court,
E.D. Missouri, Eastern Division. November 6, 2001. Michael P. Casey, Frank B.
Janoski, Richard B. Walsh, Jr., Keith J. Grady, Michael J. Hickey, Lewis and
Rice, St. Louis, MO, for True Fitness Technology, Inc. Michael R. Annis, Blackwell
Sanders Peper Martin LLP, St. Louis, MO, F. Ross Boundy, Steven V. Gibbons,
James R. Uhlir, Steven P. Fricke, Christensen and O'Connor, Seattle, WA, for
Pecor Inc. Mednick v. Precor Inc, No.
1:2014cv03624 - Document 38 (N.D. Ill. 2014) Court Description: MEMORANDUM
OPINION AND ORDER Signed by the Honorable Harry D. Leinenweber on
11/13/2014:Mailed notice(wp, ) 203 F. Supp. 2d 1078 (2001) TRUE FITNESS TECHNOLOGY, INC.,
Plaintiff, v. PRECOR INCORPORATED, Defendant. No. 4:99CV1306-DJS. United States District Court,
E.D. Missouri, Eastern Division. November 6, 2001. Michael P. Casey, Frank B.
Janoski, Richard B. Walsh, Jr., Keith J. Grady, Michael J. Hickey, Lewis and Rice,
St. Louis, MO, for True Fitness Technology, Inc. Michael R. Annis, Blackwell
Sanders Peper Martin LLP, St. Louis, MO, F. Ross Boundy, Steven V. Gibbons,
James R. Uhlir, Steven P. Fricke, Christensen and O'Connor, Seattle, WA, for
Pecor Inc. |
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TRADEMARKS |
Adaptive Motion Trainer® AMT® Cardio Theater® CrossRamp® EFX® EFX Elliptical Fitness
Crosstraining™ Elliptical Fitness
Crosstrainer™ Elliptical Fitness
Crosstraining™ Experience™ Experience Strength™ Ground Effects® Icarian® Integrated Footplant
Technology™ Member Experience® Muscle Monitor™ Precor® Preva® QuickStart™ SmartRate® Space Planner® SmartService™ StretchTrainer™ Stride Dial™ Teambike™ |
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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. |
SUMMARY
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Founded in 1980, Precor Incorporated is a
large-sized organization in the sporting goods companies industry located in
Woodinville, WA. The company has 590 full-time employees and generates
an estimated USD 178 million in annual revenue. The company imports from China and Maryland and
exports to India and Mexico, operating within national and international
markets. As of October 2002, Precor Incorporated operates as a
subsidiary of Amer Sports Corp. This has been an ACTIVE company located in
WASHINGTON and incorporated in DELAWARE in 1984. |
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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 |
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POSITION |
Operator |
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COMMENTS |
She confirmed legal name, trade
name, address, telephone, fax, website, email and activity. She confirmed operations area. She confirmed major holders but
refused to provide further information about the company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.92 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.54 |
|
US Dollar |
1 |
INR 65.20 |
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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NIY |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.