|
|
|
MIRA INFORM REPORT
|
Report No. : |
496931 |
|
Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIANGLE AVIATION
SERVICES, INC. |
|
|
|
|
Registered Office : |
Ten Fifth Street, 2nd Floor, Valley Stream,
NY 11581-1245 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
1960 |
|
|
|
|
Legal Form : |
Domestic Business Corporation |
|
|
|
|
Line of Business : |
Subject is a large-sized
organization in the airports and flying field service companies industry
located in Valley Stream, NY. |
|
|
|
|
No. of Employees : |
Approximately 525 |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 600 000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
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: |
TRIANGLE AVIATION SERVICES, INC. |
|||||||||
|
Trade
Name: |
Triangle Services |
|||||||||
|
ID: |
1598846 |
|||||||||
|
Date
Created: |
1960 |
|||||||||
|
Date
Incorporated: |
DECEMBER 27, 1991 |
|||||||||
|
Legal
Address: |
Ten Fifth Street 2nd Floor Valley Stream, NY 11581-1245 United States |
|||||||||
|
Operative
Address: |
Ten Fifth Street 2nd Floor Valley Stream, NY 11581-1245 United States |
|||||||||
|
Telephone:
|
516-561-1700 |
|||||||||
|
Fax: |
516-827-1599 |
|||||||||
|
Legal
Form: |
Domestic Business Corporation |
|||||||||
|
Email: |
akalpin@triangleservices.com sales@triangleservices.com |
|||||||||
|
Registered
in: |
NEW YORK |
|||||||||
|
Website:
|
www.triangleservices.com |
|||||||||
|
Contact: |
Lonnie Fine, Chief Executive Officer and
Member of Board of Advisors Perry Fine, President |
|||||||||
|
Staff:
|
Triangle Aviation Services, Inc. has
approximately 525 full-time employees. |
|||||||||
|
Activity: |
NAICS 1: Other Airport Operations SIC 1: Airport Terminal Services |
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|
|
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BANKS: |
||||||||||
|
|
The company does not make its banking
data public |
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|
HISTORY: |
|
|||||||||
|
|
The company was founded in 1960 |
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|
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|
|||||||||
PRINCIPAL
ACTIVITY
|
|
|||||||||
|
Triangle Aviation
Services Inc is a large-sized organization in the airports and flying field
service companies industry located in Valley Stream, NY. |
||||||||||
|
Products/Services
description: |
Triangle Services operates as a managed
facilities and aviation support services provider. The company engages in
maintaining, preserving, and enhancing assets, such as transportation and
fleet facilities, corporate office buildings, manufacturing and industrial
facilities, multi-tenant buildings, college campuses, institutions, universities,
government properties, retail properties, shopping centers, malls, airport
terminals, and aviation facilities. It also provides janitorial and project
maintenance services; interior and exterior landscape management services;
aviation support solutions, including passenger baggage handling, skycap
services, flight operations, jet bridge maintenance, load control, terminal
and concourse cleaning, GSE fueling and maintenance, interline baggage
services, airline passenger services, ramp handling, cabin cleaning, baggage
system maintenance, cabin search security, wheelchair and disabled services,
and cargo warehousing; and security services, including guard services,
automated access controls, security console operators, patrols and
inspection, concierge and receptionist services, alarm response, and
specialized client risk mitigation. In addition, the company handles
landscaping, hard wood floors, carpet cleaning, solid surface exteriors, pest
control, snow removal, general maintenance, lighting, and HVAC for
multi-tenant building maintenance. |
|||||||||
|
Brands: |
NA |
|||||||||
|
Sales
are: |
Wholesale and Retail |
|||||||||
|
Clients: |
The company serves Fortune 500 and Global
1000 clients, and local businesses in North America. |
|||||||||
|
Suppliers: |
NA |
|||||||||
|
Operations
area: |
National |
|||||||||
|
The
subject employs |
Triangle Aviation Services, Inc. has
approximately 525 full-time employees. Triangle Services, Inc. has approximately
2,000 full-time employees. |
|||||||||
|
Payments:
|
Regular |
|||||||||
|
|
||||||||||
LOCATION
|
|
|||||||||
|
Headquarters
: |
Ten Fifth Street 2nd Floor Valley Stream, NY 11581-1245 United States |
|||||||||
|
Comments: |
NA |
|||||||||
|
Branches: |
Arizona 3702 E Roeser rd. Suite 27, Phoenix, AZ 85040 T. 602.258.8061 F. 602.258.0103 California 7032 Comstock Ave. Suite 207 Whittier, CA 90606 T. 562.696.0712 F. 562.696.0792 Florida Miami International Airport Miami, FL 33122 T. 305.871.8622 F. 305.871.8621 Florida 6900-29 Daniels Pkwy PMB 116 Fort Myers, FL 33912 T. 239.768.3994 F. 239.768.9294 Florida 2700 North 29th Ave Suite 305 Hollywood, FL 33020 T. 954.929.0509 F. 954.929.0590 Florida 4160 George J. Bean Parkway Suite 1100 Tampa, FL 33607 T. 813.396.3651 F. 813.396.4854 Massachusetts 253 Summer St. Boston, MA 02210 T. 617.654.2929 F. 617.654.2922 Minnesota Rosenridge Office Bldg 1611 W. County Road B Suite 302 Roseville, MN 55113-4053 T. 651.294.0020 F. 651.294.0025 New Jersey 2nd Executive Dr. Suite 100 Somerset, NJ 08873 T. 732-537-9700 F. 732.537.9792 New York 10-63 Jackson Ave. Ground Floor New York, NY 11101 T. 718.349.3690 F. 718.349.3691 New York 175-57 148th Road Jamaica, NY 11434 T. 718.244.5555 F. 718.244.5559 Pennsylvania 5 Great Valley Parkway Suite 341 Malvern, PA 19355 T. 610.251.6960 F. 610.251.6978 |
|||||||||
|
Main
Competitors |
P. F. B. Transport, Inc 738 Clifford Ct Baldwin, New York 11510-4025 Kunzle Aviation Llc 18 Leonard St Apt 5b New York, New York 10013-2997 |
|||||||||
|
Related
Companies: |
TRIANGLE
SERVICES, INC´s affiliates: Triangle Services Of Florida Inc USA Triangle Administrative Services, Inc USA Biobright, Llc USA Maintech Acquisition, Llc USA Shelterclean, Inc USA Metroexpress Services, Inc USA Content Critical Solutions, Inv USA |
|||||||||
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
||||||||||
|
Listed
at the stock exchange: |
NO |
|||||||||
|
Capital: |
NA |
|||||||||
|
Shares
Authorized: |
1,200 |
|||||||||
|
Shares
Issued: |
100 |
|||||||||
|
Total
Amount of Shares: |
USD$ 32,000 |
|||||||||
|
Shareholders: |
This is a
private company. The company does not disclose information on shareholders. The
following information has been obtained through private sources and could not
be confirmed: TRIANGLE
AVIATION SERVICES, INC. is an affiliate of TRIANGLE SERVICES, INC |
|||||||||
|
Management:
|
Lonnie
Fine, Chief Executive Officer and Member of Board of Advisors Perry
Fine, President Brian
Westphal, Chief Operating Officer of Building services Ray
Rieder, Chief Operating Officer of Aviation Services Morry
Heller, Director of Regional Development Sofia
Rosado, Assistant Branch Manager |
|||||||||
|
|
||||||||||
FINANCIAL
INFORMATION
|
||||||||||
|
|
The
company does not make its financial statements public. The following
information has been provided by private sources: |
|||||||||
|
TRIANGLE SERVICES INC AND AFFILIATES COMBINED BALANCE SHEET DECEMBER 31,2016 All numbers in USD |
||||||||||
|
|
|
|||||||||
|
ASSETS |
|
|||||||||
|
CURRENT
ASSETS |
|
|||||||||
|
Cash And Cash Equivalents |
1,524,163 |
|||||||||
|
Marketable Securities-Available For Sale |
9,404,582 |
|||||||||
|
Receivables, Net |
39,001,586 |
|||||||||
|
Current Portion Of Notes Receivable |
10,659 |
|||||||||
|
Prepaid Expenses And Other Current Assets |
3,525,763 |
|||||||||
|
Total Current Assets |
53,466,753 |
|||||||||
|
|
|
|||||||||
|
PROPERTY
AND EQUIPMENT, NET |
9,361,919 |
|||||||||
|
|
|
|||||||||
|
OTHER
ASSETS |
|
|||||||||
|
Notes Receivable, Net Of Current Portion |
291,225 |
|||||||||
|
Security Deposits |
690,559 |
|||||||||
|
Cash Escrow |
,121,608 |
|||||||||
|
Deferred Tax Asset |
48,494 |
|||||||||
|
Intangible Assets |
412,494 |
|||||||||
|
Total Other Assets |
1,564,055 |
|||||||||
|
Total Assets |
64,392,727 |
|||||||||
|
|
|
|||||||||
|
LIABILITIES
AND OWNERS´ EQUITY |
|
|||||||||
|
CURRENT
LIABILITIES |
|
|||||||||
|
Revolving Credit Line |
28,227,852 |
|||||||||
|
Current Maturities Of Long-Term Debt |
2,114,215 |
|||||||||
|
Accounts Payable And Accrued Expenses |
7,587,815 |
|||||||||
|
Total Current Liabilities |
37,929,882 |
|||||||||
|
|
|
|||||||||
|
LONG-TERM
LIABILITIES |
|
|||||||||
|
Long-Term Debt, Less Current Maturities |
2,679,724 |
|||||||||
|
Deferred Rent Payable |
28,159 |
|||||||||
|
Total Long-Term Liabilities |
2,707,883 |
|||||||||
|
|
|
|||||||||
|
OWNERS´
EQUITY |
23,754,962 |
|||||||||
|
Total liabilities and owners´ equity |
64,392,727 |
|||||||||
|
|
|
|||||||||
|
NET
REVENUES |
147,427,992 |
|||||||||
|
|
|
|||||||||
|
DIRECT
OPERATING EXPENSES |
|
|||||||||
|
Direct Costs |
125,051,645 |
|||||||||
|
Interest Expense |
205,889 |
|||||||||
|
Total |
125,257,534 |
|||||||||
|
|
|
|||||||||
|
GROSS
PROFIT |
22,170,458 |
|||||||||
|
|
|
|||||||||
|
BRANCH
OPERATING EXPENSES |
|
|||||||||
|
Branch Costs |
15,693,944 |
|||||||||
|
Interest Expense |
16,910 |
|||||||||
|
Total |
15,710,854 |
|||||||||
|
|
|
|||||||||
|
BRANCH
OPERATING PROFIT |
6,459,604 |
|||||||||
|
|
|
|||||||||
|
CORPORATE
OPERATING EXPENSES |
|
|||||||||
|
Home Office Costs |
3,896,670 |
|||||||||
|
Interest Expense |
859,244 |
|||||||||
|
Total |
4,755,914 |
|||||||||
|
|
|
|||||||||
|
INCOME
FROM OPERATIONS |
1,703,690 |
|||||||||
|
|
|
|||||||||
|
OTHER
INCOME AND (LOSS), NET |
438,344 |
|||||||||
|
|
|
|||||||||
|
INCOME
BEFORE INCOME TAXES |
2,142,034 |
|||||||||
|
|
|
|||||||||
|
PROVISION
FOR INCOME TAXES |
30,756 |
|||||||||
|
|
|
|||||||||
|
NET
INCOME |
2,111,278 |
|||||||||
|
|
|
|||||||||
|
OTHER
COMPREHENSIVE GAINES, NET OF TAX |
|
|||||||||
|
Net Unrealized Gains On Marketable
Securities |
1,022,022 |
|||||||||
|
Less: Reclassification Adjustment For
Gaines Included In Net Income |
69,248 |
|||||||||
|
Total Other Comprehensive Gaines, Net Of
Tax |
952,774 |
|||||||||
|
|
|
|||||||||
|
COMPREHENSIVE
INCOME |
3,064,052 |
|||||||||
|
|
|
|||||||||
|
TRIANGLE SERVICES INC AND AFFILIATES COMBINED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2016 All numbers in USD |
||||||||||
|
|
|
|||||||||
|
CASH
FLOW FROM OPERATING ACTIVITIES |
|
|||||||||
|
Net Income |
2,111,278 |
|||||||||
|
Adjustments To Reconcile Net Income To Net
Cash Provided By Operating Activities: |
3,072,443 |
|||||||||
|
Depreciation And Amortization |
714,347 |
|||||||||
|
Bad Debt Expense |
(2,023) |
|||||||||
|
Deferred Rent |
814,906 |
|||||||||
|
Deferred Income |
(53,651) |
|||||||||
|
Deferred Income Taxes |
4,998 |
|||||||||
|
Realized Losses On Marketable Securities |
2,111,278 |
|||||||||
|
(Increase) Decrease In: |
|
|||||||||
|
Accounts Receivable |
1,454,094 |
|||||||||
|
Prepaid Expenses And Other Current Assets |
(2,201,764) |
|||||||||
|
Escrows |
14 |
|||||||||
|
Security Deposits |
(121,931) |
|||||||||
|
(Increase) Decrease In: |
|
|||||||||
|
Accounts Payable And Accrued Expenses |
(2,233,556) |
|||||||||
|
Net Cash Provided By Operating Activities |
3,559,155 |
|||||||||
|
|
|
|||||||||
|
CASH
FLOW FROM INVESTING ACTIVITIES |
|
|||||||||
|
Proceeds From Sale Of Marketable
Securities-Available For Sale |
213,867 |
|||||||||
|
Purchases Of Marketable
Securities-Available For Sale |
(670,954) |
|||||||||
|
Advances On Loand And Exchanges |
(30,158) |
|||||||||
|
Notes Receivable |
(176,350) |
|||||||||
|
Purchase Of Property And Equipment |
(1,112,443) |
|||||||||
|
Net Cash Used In Investing Activities |
(1,776,038) |
|||||||||
|
|
|
|||||||||
|
CASH
FLOW FROM FINANCING ACTIVITIES |
|
|||||||||
|
Proceeds From Borrowing On Revolving Credit
Line |
707 |
|||||||||
|
Principal Payments On Long-Term Debt |
(2,185,933) |
|||||||||
|
Distributions To Owners |
(64,834) |
|||||||||
|
Net Cash Provided By Financing Activities |
(2,250,060) |
|||||||||
|
Net Decrease In Cash And Cash Equivalents |
(466,943) |
|||||||||
|
Cash And Cash Equivalents-Beginning Of Year |
1,991,106 |
|||||||||
|
Cash And Cash Equivalents-End Of Year |
1,524,163 |
|||||||||
|
|
|
|||||||||
|
SUPPLEMENTAL
DISCLOSURES OF CASH FLOW INFORMATION: |
|
|||||||||
|
Cash Paid During The Year For: |
|
|||||||||
|
Interest |
1,076,585 |
|||||||||
|
Income Taxes |
53,444 |
|||||||||
|
|
|
|||||||||
|
SUPPLEMENTAL
DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|||||||||
|
Acquisition Of Property And Equipment Under
Capital Leases |
1,957,697 |
|||||||||
|
Fully Depreciated Assets Retires |
14,331,584 |
|||||||||
|
Intangible Assets Retired |
556,932 |
|||||||||
LEGAL
FILINGS
|
|
|||||||||
|
Trademarks: |
There
are no trademarks for TRIANGLE AVIATION SERVICES, INC. However, we provide
TRIANGLE SERVICES, INC´s trademarks. TRIANGLE
SERVICES, INC´s trademarks: TRIANGLE SERVICES,
INC. MAGAZINE MARKET PLACE - Trademark Details Status:
710 - Cancelled - Section 8 Image for
trademark with serial number 80978797 Serial
Number80978797 Registration
Number0978797 Word Mark
TRIANGLE SERVICES, INC. MAGAZINE MARKET PLACE Status710 -
Cancelled - Section 8 Status
Date1980-09-09 Registration
Number0978797 Registration
Date1974-02-12 Mark
Drawing3000 - Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) Typeset SHELTERCLEAN
SERVICES - Trademark Details Status:
700 - Registered Image for
trademark with serial number 85519191 Serial
Number85519191 Registration
Number4339583 Word Mark
SHELTERCLEAN SERVICES Status700
- Registered Status
Date2013-05-21 Filing
Date2012-01-18 Registration
Number4339583 Registration
Date2013-05-21 Mark
Drawing3000 - Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) Typeset Design
Searches260502, 260520, 260521, 261701, 261705 - Plain single line triangles.
Triangles inside other triangles. Triangles that are completely or partially
shaded. Straight line(s), band(s) or bar(s). Horizontal line(s), band(s) or
bar(s). Published
for Opposition Date2012-08-28 Attorney
Name Michael C. Cannata Law Office
Assigned Location CodeM10 Employee
Name MILTON, PRISCILLA W MAINTECH -
Trademark Details Status:
601 - Abandoned - Express Image for
trademark with serial number 85519316 Serial
Number85519316 Word
MarkMAINTECH Status601
- Abandoned - Express Status
Date2014-02-19 Filing
Date2012-01-18 Mark Drawing3000
- Illustration: Drawing or design which also includes word(s)/
letter(s)/number(s) Typeset Design
Searches260502, 260520, 260521 - Plain single line triangles. Triangles
inside other triangles. Triangles that are completely or partially shaded. Published
for Opposition Date2012-06-12 Attorney
Name Michael C. Cannata Law Office
Assigned Location CodeM10 Employee
Name MILTON, PRISCILLA W |
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Filling
History: |
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Lawsuits: |
TRIANGLE
AVIATION SERVICES, INC ´s lawsuits: AERONAVES De MEX., SA v. Triangle Aviation
Serv., Inc., 389 F. Supp. 1388 (S.D.N.Y. 1974) U.S. District Court for the Southern
District of New York - 389 F. Supp. 1388 (S.D.N.Y. 1974) September 16, 1974 Mitchell, Shackleton & Co. v. AIR EXP.
INTERN., 704 F. Supp. 524 (S.D.N.Y. 1989) US District Court for the Southern District
of New York - 704 F. Supp. 524 (S.D.N.Y. 1989) February 1, 1989 704 F. Supp. 524 (1989) MITCHELL, SHACKLETON & CO., LTD.,
Plaintiff, v. AIR EXPRESS INTERNATIONAL, INC., B & J
Traffic Inc. d/b/a National Co., Inc., Ho-Ro Trucking Co., Inc., Unique
Truckers Riggers and Millwrights, Inc., Container Systems Corporation and
Cargo Packers, Inc., Defendants. AIR EXPRESS INTERNATIONAL CORP.,
Third-Party Plaintiff, v. TRIANGLE AVIATION SERVICES, INC.,
Third-Party Defendant. No. 87 CIV. 2099 (SWK). United States District Court, S.D. New
York. February 1, 1989. Dougherty, Ryan, Mahoney, Pellergrino,
Giuffra & Zambito by John J. Hession, New York City, for third-party
plaintiff. *525 Gallagher & Gosseen by Peter F.
Vetro, Mineola, N.Y., for third-party defendant. TRIANGLE
SERVICES, INC´s lawsuits: Griffiths v Triangle Services., Inc. 2008 NY Slip Op 32098(U) July 24, 2008 Supreme Court, New York County Docket Number: 0113789/2007 Judge: Milton A. Tingling Republished from New York State Unified
Court System's E-Courts Service. Search E-Courts
(http://www.nycourts.gov/ecourts) for any additional information on this
case. This opinion is uncorrected and not
selected for official publication Dianne Norvell, Relator, vs. Triangle
Services, Respondent, Department of Employment and Economic Development,
Respondent. Annotate this Case Dianne Norvell, Relator, vs. Triangle
Services, Respondent, Department of Employment and Economic Development,
Respondent. A06-608, Court of Appeals Unpublished, December 19, 2006. This opinion will be unpublished and may
not be cited except as provided by Minn. Stat. § 480 A. 08, subd. 3 (2004). STATE OF MINNESOTA IN COURT OF APPEALS A06-608 Kravar v. Triangle Services, Inc., No.
2:2006cv07858 - Document 53 (S.D.N.Y. 2009) Court Description: MEMORANDUM OPINION AND
ORDER #97320re: 33 MOTION for Summary Judgment. filed by Triangle Services,
Inc. Triangle's motion for summary judgment 33 is denied as to Ms. Kravar's
discrimination claims, but granted in all other respects. The parties are
directed to submit a joint pretrial order within thirty days. (Signed by
Judge Richard J. Holwell on 3/27/09) (tro) Modified on 3/31/2009 (mro). Favors et al v. Triangle Services, Inc. et
al, No. 1:2015cv03817 - Document 37 (E.D.N.Y. 2016) Court Description: ORDER granting 29 Motion
to Compel Arbitration: For the reasons set forth in the attached, Defendants'
motion to compel arbitration is granted, this case is stayed, and the Court's
August 18, 2015 Temporary Restraining Order is lifted. I f Plaintiff wishes
to proceed with his claims, he is directed to submit to the grievance
procedures contemplated by Article XVI, Section 30(A) of CBA. If the Union
declines to take his claims to arbitration notwithstanding Plaintiff's
request, then he is directed to submit to the mediation and arbitration
procedures outlined in Article XVI, Section 30(B) of the CBA. The parties are
directed to inform the Court of any resolution of the arbitration
proceedings, or any other event, that would affect the stay of this matter.
Ordered by Judge Pamela K. Chen on 9/13/2016. (Merin, Eric) |
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UCC: |
TRIANGLE
AVIATION SERVICES, INC ´s UCC: Debtor Names: TRIANGLE AVIATION SERVICES, INC. C/O
TRIANGLE SERVICES, INC., 71 SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580,
USA Secured Party Names: FLEET NATIONAL BANK 300
BROAD HOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200311261907680 11/26/2003 11/26/2008 Financing Statement 200609185905280 09/18/2006 11/26/2008 Termination 200609185905331 09/18/2006 11/26/2008 Termination 200806030397207 06/03/2008 11/26/2008 Termination Debtor Names: TRIANGLE AVIATION SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA Secured Party Names: NORTH FORK BANK 275
BROAD HOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200411191174101 11/19/2004 11/19/2009 Financing Statement 200609185905343 09/18/2006 11/19/2009 Termination Debtor Names: TRIANGLE AVIATION SERVICES INC 71
S CENTRAL AVE, VALLEY STREAM, NY 11580, USA Secured Party Names: US BANCORP PO BOX 580337,
MINNEAPOLIS, MN 55458-0337, USA File no. File Date Lapse Date Filing Type 200511236027928 11/23/2005 11/23/2010 Financing Statement Debtor Names: TRIANGLE AVIATION SERVICES, INC. 10
5TH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: NORTH FORK BANK 275
BROAD HOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200706210498295 06/21/2007 06/21/2012 Financing Statement 200806030396685 06/03/2008 06/21/2012 Termination Debtor Names: TRIANGLE AVIATION SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 500
SEVENTH AVENUE, 10TH FLOOR, NEW YORK, NY 10018, USA File no. File Date Lapse Date Filing Type 200805060321808 05/06/2008 05/06/2013 Financing Statement 201303275329379 03/27/2013 05/06/2018 Continuation TRIANGLE
SERVICES, INC´s UCC: Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA Secured Party Names: FLEET NATIONAL BANK 300
BROAD HOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200311261907692 11/26/2003 11/26/2008 Financing Statement 200609195908086 09/19/2006 11/26/2008 Termination 200806030396736 06/03/2008 11/26/2008 Termination Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA TRIANGLE SERVICES INC 10 5TH STREET, SUITE 2FL, VALLEY
STREAM, NY 11581, USA Secured Party Names: NORTH FORK BANK 275
BROAD HOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200411191174074 11/19/2004 11/19/2009 Financing Statement 200703235317474 03/23/2007 11/19/2009 Financing Statement Amendment 200806030396661 06/03/2008 11/19/2009 Termination Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVE, VALLEY STREAM, NY 11580, USA Secured Party Names: NORTH FORK BANK 275
BROADHOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200701225076919 01/22/2007 01/22/2012 Financing Statement 200806030396635 06/03/2008 01/22/2012 Termination Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA TRIANGLE SERVICES, INC. 10 5TH STREET SUITE 2FL, VALLEY STREAM,
NY 11581, USA Secured Party Names: NORTH FORK BANK 275
BROADHOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing Type 200704025354723 04/02/2007 04/02/2012 Financing Statement 200704025356272 04/02/2007 04/02/2012 Financing Statement Amendment 200806030397221 06/03/2008 04/02/2012 Termination Debtor Names: TRIANGLE SERVICES, INC. 10
5TH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: NORTH FORK BANK 275
BROADHOLLOW ROAD, MELVILLE, NY 11747, USA File no. File Date Lapse Date Filing
Type 200706135579271 06/13/2007 06/13/2012 Financing Statement 200806030397219 06/03/2008 06/13/2012 Termination Debtor Names: TRIANGLE SERVICES, INC. 10
5TH STREET 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: NORTH FORK BANK, A DIVISION OF CAPITAL ONE, N.A. 275 BROADHOLLOW ROAD, MELVILLE, NY
11747, USA File no. File Date Lapse Date Filing Type 200708295842227 08/29/2007 08/29/2012 Financing Statement 200806030397245 06/03/2008 08/29/2012 Termination Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA Secured Party Names: TENNANT FINANCIAL SERVICES 44
OLD RIDGEBURY ROAD, DANBURY, CT 06810, USA File no. File Date Lapse Date Filing
Type 200711260912929 11/26/2007 11/26/2012 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVE., VALLEY STREAM, NY 11580, USA Secured Party Names: NATIONAL CITY COMMERCIAL CAPITAL COMPANY, LLC 995 DALTON AVE., CINCINNATI, OH
45203, USA File no. File Date Lapse Date Filing Type 200802215185582 02/21/2008 02/21/2013 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVE., VALLEY STREAM, NY 11580, USA Secured Party Names: NATIONAL CITY COMMERCIAL CAPITAL COMPANY, LLC 995 DALTON AVE., CINCINNATI, OH
45203, USA File no. File Date Lapse Date Filing Type 200802225193404 02/22/2008 02/22/2013 Financing Statement 201301175069865 01/17/2013 02/22/2018 Continuation Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 500
SEVENTH AVENUE, 10TH FLOOR, NEW YORK, NY 10018, USA File no. File Date Lapse Date Filing
Type 200805060321834 05/06/2008 05/06/2013 Financing Statement 1 NA * 201303275329393 03/27/2013 05/06/2018 Continuation Debtor Names: TRIANGLE SERVICES, INC. 71
SOUTH CENTRAL AVENUE, VALLEY STREAM, NY 11580, USA Secured Party Names: IBM CREDIT LLC 1
NORTH CASTLE DRIVE, ARMONK, NY 10504, USA File no. File Date Lapse Date Filing Type 200807015746566 07/01/2008 07/01/2013 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: DAMASCUS COMMUNITY BANK 26500 RIDGE ROAD, DAMASCUS, MD
20872-1915, USA File no. File Date Lapse Date Filing Type 200905010247636 05/01/2009 05/01/2014 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201211096258958 11/09/2012 11/09/2017 Financing Statement 1 View 201212276465010 12/27/2012 11/09/2017 Financing Statement Amendment 201708165981150 08/16/2017 11/09/2022 Continuation Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201211096258972 11/09/2012 11/09/2017 Financing Statement 201708165981148 08/16/2017 11/09/2022
Continuation Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201211206294960 11/20/2012 11/20/2017 Financing Statement 201708165981136 08/16/2017 11/20/2022 Continuation Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201301285104840 01/28/2013 01/28/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201302275217368 02/27/2013 02/27/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201303065239742 03/06/2013 03/06/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: DAMASCUS COMMUNITY BANK 26500 RIDGE ROAD, DAMASCUS, MD
20872-1915, USA File no. File Date Lapse Date Filing Type 201307260425413 07/26/2013 07/26/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: CFG COMMUNITY BANK 1422
CLARKVIEW ROAD, BALTIMORE, MD 21209, USA File no. File Date Lapse Date Filing Type 201308120460991 08/12/2013 08/12/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: CFG COMMUNITY BANK 1422
CLARKVIEW ROAD, BALTIMORE, MD 21209, USA File no. File Date Lapse Date Filing Type 201308120461018 08/12/2013 08/12/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, VALLEY STREAM, NY 11581, USA Secured Party Names: CFG COMMUNITY BANK 1422
CLARKVIEW ROAD, BALTIMORE, MD 21209, USA File no. File Date Lapse Date Filing Type 201309030500015 09/03/2013 09/03/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201311216229133 11/21/2013 11/21/2018 Financing Statement 201312176314416 12/17/2013 11/21/2018 Financing Statement Amendment Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 42
BROADWAY, 3RD FLOOR, NEW YORK, NY 10004, USA File no. File Date Lapse Date Filing Type 201312176314707 12/17/2013 12/17/2018 Financing Statement Debtor Names: TRIANGLE SERVICES, INC. 10
FIFTH STREET, 2ND FLOOR, VALLEY STREAM, NY 11581, USA Secured Party Names: STERLING NATIONAL BANK 500
7TH AVENUE, 3RD FLOOR, NEW YORK, NY 10018, USA File no. File Date Lapse Date Filing Type 201401295098279 01/29/2014 01/29/2019 Financing Statement |
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OFAC Sanctions List Search: |
The company is not listed
in the OFAC list. |
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SUMMARY
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Founded in
1960, Triangle Aviation Services Inc is a large-sized organization in the airports
and flying field service companies industry located in Valley Stream, NY. Triangle
Aviation Services, Inc. has approximately 525 full-time employees. The
company operates within national markets. TRIANGLE
AVIATION SERVICES, INC. is an affiliate of TRIANGLE SERVICES, INC This has
been an ACTIVE company incorporated in NEW YORK in 1991. |
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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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SUGGESTED
CREDIT LINE |
USD 600 000 |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
Janice |
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POSITION |
Human Resources |
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COMMENTS |
She confirmed legal name, trade name,
website, telephone and principal activity. She asked the reason of the call and refused
to provide further information through the phone. She explained that the
client can send an email to the company for further inquiries. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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US Dollar |
1 |
INR 64.86 |
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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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.