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MIRA INFORM REPORT
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Report No. : |
507360 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GOODRICH CORPORATION |
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Registered Office : |
111 Eighth Avenue New York, New York, 10011 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
1870 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject supplies aerospace components, systems, and
services for the commercial and general aviation airplane, and defense and
space markets |
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No. of Employees : |
28,000 |
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 : |
-- |
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
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ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $59,500. 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 more than 50% 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, 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 former 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 FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), 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 former 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%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. 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 continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.
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Source
: CIA |
STATUTORY
INFORMATION
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Order: |
GOODRICH CORP |
|
Address in the order: |
(CARG SYSTEMS) USA
FINANCIAL SHARED SERVICES CARGO PO BOX 3017 TORY 101 WACO STREET, TROY
OH 45373-3017 |
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Legal Name: |
GOODRICH CORPORATION |
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Trade Names: |
GOODRICH CORPORATION UTC AEROSPACE SYSTEMS |
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ID: |
30599 |
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Date Created: |
1870 |
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Date Incorporated: |
MAY 02, 1912 |
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Legal Address: |
111 EIGHTH AVENUE NEW YORK, NEW YORK, 10011 USA |
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Operative Address: |
2730 WEST TYVOLA ROAD FOUR COLISEUM CENTRE CHARLOTTE, NORTH CAROLINA, 28217 USA |
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Telephone: |
704-423-7000 |
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Fax: |
704-423-7002 |
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Legal Form: |
CORPORATION |
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Email: |
- |
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Registered in: |
NEW YORK |
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Website: |
www.utcaerospacesystems.com |
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Contact: |
David L. Gitlin – President |
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Staff: |
28,000 |
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Activity: |
SIC Code 3728, Aircraft Parts and Auxiliary Equipment, NEC |
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Banks: |
BANK OF AMERICA |
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History: |
Goodrich Corporation was founded in 1870 and is headquartered
in Charlotte, North Carolina. The company was formerly known as The B. F.
Goodrich Company. It changed its name to Goodrich Corporation in 2001. In
July 2012, the company was bought by United Technologies Corporation. UTC
Aerospace Systems was formed in August 2012 when parent United Technologies
Corporation merged their existing subsidiary Hamilton Sundstrand with the
newly-acquired Goodrich Corporation. |
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Parent Company: |
Since July 2012, the company operates as a subsidiary of: United Technologies Corporation 10 Farm Springs Road Farmington, CT 06032, USA |
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Key
Developments: |
Goodrich Corp. Wins $1,206,784
Federal Contract Jan 13 17 Goodrich Corp. won a $1,206,784 federal contract from the U.S.
Air Force Materiel Command for R&D on airborne large optical freeform
telescopes. UTC Aerospace Systems Unveils
New TASE250 Optical Payload for Small UAS Commercial and Military
Applications Apr 30 18 UTC Aerospace Systems announced
the release of its new TASE250 optical payload system for small UAS (unmanned
aerial system) applications. The TASE250 is part of the company's existing
TASE family of payloads that are operationally proven, having flown hundreds
of thousands of hours in the harshest of unmanned military environments. At
just 5.5 inches in diameter, the TASE250 meets the smaller SWaP (size, weight
and power) requirements of the U.S. Department of Defense (DoD) and foreign
militaries, as well as those of high-end civilian UAS customers. This
lightweight, high-performance camera is designed for the DoD Group 1 (up to
20 lbs.) and Group 2 (21-55 lbs.) unmanned segments. The TASE250 provides
both longwave infrared (LWIR) and visible imaging solutions, giving operators
improved situational awareness in day and night, an all-digital imaging chain
for maximized processing capability and an optimized lens design for enhanced
object recognition. Integrated into this system is on-board video processing
with image stabilization, overlays, picture in picture (PIP) and enhancement
capability. An on-board GPS/INS with integrated geo pointing and ViewPoint
tactical PED (processing, exploitation and dissemination) provides operators
the ability to multitask, record and disseminate critical data for use at their
fingertips. The TASE250 also includes an optional laser pointer. The TASE250
will be showcased at AUVSI's XponentialApril 30 – May 3, 2018. UTC Aerospace Systems Reports
Unaudited Earnings Results for the First Quarter Ended March 31, 2018;
Provides Earnings Guidance for the Full Year 2018 Apr 24 18 UTC Aerospace Systems reported
unaudited earnings results for the first quarter ended March 31, 2018. For
the quarter, the company reported net sales of $3,817 million against $3,611
million a year ago. Operating profit was $588 million against $531 million a
year ago. Adjusted operating profit was $615 million against $554 million a
year ago. Sales growth was driven by the commercial aftermarket, which was up
16%. Operating profit growth was driven by drop-through on higher commercial
aftermarket and military sales, lower E&D and continued product cost
reduction. These benefits were partially offset by commercial OEM mix
headwind and adverse transactional foreign exchange impact. The company
continues to expect operating profit to be up $150 million to $200 million
for the full year 2018. UTC Aerospace Systems Announces
8 Year Contract Extension with Qantas Airlines Apr 17 18 UTC Aerospace Systems announced an
8-year contract extension with Qantas Airlines to provide BR715 engine
nacelle asset support and repair services for the airline's fleet of 20
Boeing B717-200 aircraft. The long-term agreement is through Prime
Solutions®, which is customized to the airline's specific support
requirements. Qantas Airways has been a Prime Solutions customer since 2000,
and this new agreement represents an expansion of the existing support
program as the airline has nearly doubled its fleet of B717-200 aircraft to
meet increasing passenger demand. With easy access to spares and rotables,
and fully customized support, the airline has been able to extend the
operational life of its B717-200 fleet. Support will be provided on-site at
the customer's locations in Perth and Canberra, Australia, and the UTC
Aerospace Systems Aerostructures Service Center in Singapore. |
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PRINCIPAL
ACTIVITY
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Goodrich Corporation supplies aerospace components,
systems, and services for the commercial and general aviation airplane, and
defense and space markets primarily in the United States, Europe, Canada, and
the Asia Pacific. |
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Products/Services description: |
The company provides a range of actuators, including primary
and secondary flight controls, helicopter main and tail rotor actuation,
engine and nacelle actuation, utility actuation, precision weapon actuation,
and land vehicle actuation products; landing gear systems; and aircraft
wheels and brakes. It also offers nacelle components comprising thrust
reversers, inlet and fan cowls, nozzle assemblies, exhaust systems, and other
structural components; and interior products, such as slides, seating, cargo
systems, lighting systems, cabin interior furnishings, and cabin management
systems, as well as provides maintenance, repair, and overhaul services. In
addition, the company offers engine control systems consisting of fuel
metering controls, fuel pumping systems, electronic controls, variable
geometry actuation controls, and engine health monitoring systems; and
intelligence surveillance and reconnaissance systems that include custom
engineered electronics, optics, shortwave infrared cameras and arrays, and
electro-optical products and services. Further, it provides aircraft and
engine sensors that provide critical measurements for flight control, cockpit
information, and engine control systems; and power systems. |
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Brands: |
UTC AEROSPACE SYSTEMS |
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Sales are: |
Wholesale |
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Clients: |
Abc Aerolineas S.A. De C.V. Aeroenlaces Nacionales, S.A. De C.V. Aerovias De Mexico S.A. De C.V. Aerolitoral Sa De Cv Kuo Aerospace S.A. De C.V. Hydra Technologies De Mexico, Sa De
Cv Fast Colombia Sas Servicio Aereo A Territorios
Nacionales S.A. Empresa Publica Tame Linea Aerea Del
Ecuador Tame Ep |
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Suppliers: |
Zoltek Rt. The Aviation Maintenance Depot Rok Goodrich Asia Pacific Scandinavian Airlines System Ministry Of Defence Hellenic Air Air India Goodrich Aerospace Services Pvt.Ltd. Firth Rixon Forgings Ltd Mattis Aerospace |
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Operations area: |
National and International |
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The company imports from |
HUNGARY KOREA CHINA SWEDEN GREECE INDIA UNITED KINGDOM |
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The company exports to |
MEXICO COLOMBIA ECUADOR |
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The subject employs |
28,000 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
2730 WEST TYVOLA ROAD FOUR COLISEUM CENTRE CHARLOTTE, NORTH CAROLINA, 28217 USA |
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Comments on Address: |
The address given in the order is a branch location. |
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Branches: |
The company has many branches. Some of them are: 101 Waco Street Troy, OH 45373-3872 USA One Hamilton Road Windsor Locks, CT 06096-1000 USA 1007 East University Drive Phoenix, AZ 85034-6513 USA 5025 Bradford Drive Building 1, Suite 135 Huntsville, AL 35805-1973 USA |
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Related Companies: |
Motor Drive Systems Centre Technology House, Maylands Avenue Hemel Hempstead Hertfordshire HP2 7DF UK Japan Airlines Maintenance-Kiso Building Room 737, 7th Floor 1-6-3- Haneda Airport Ota-ku Tokyo 144-0041 Japan #14/1 and 15/1 Maruthi Industrial Estate Phase 2 Hoodi Village Whitefield Road Bangalore 560 048 India |
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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: |
Since July 2012, the company operates as a subsidiary of: United Technologies Corporation 10 Farm Springs Road Farmington, CT 06032 United States |
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Management: |
DAVID GITLIN – President Mr. Marshall O. Larsen - Chairman and Chief Executive
Officer Mr. Paolo C. Dal Cin - Vice President of Operations &
Supply Chain Ms. Cindy Egnotovich - President of Customer Service Mr. Andreas A. Schell - President of Actuation &
Propeller Systems - UTC Aerospace Systems |
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FINANCIAL
INFORMATION
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The company
does not make its financial statements public. The following information has
been provided by private sources: |
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USD 2016 |
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Sales |
5,9
Billion |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
MOVEABLE TIEDOWN Publication number: 20130129440 Abstract: A system for securing objects in an aircraft can
comprise a structure in an aircraft having a plurality of receiving holes and
a tie down. The tie down can comprise a housing and a fitting. The housing
can have at least one engagement pin for selective positioning wherever the
receiving holes are located. The fitting can be capable of receiving and
securing a restraint to the housing and configured to rotate about the
engagement pin to facilitate securing objects in an aircraft. Type: Application Filed: January 16, 2013 Publication date: May 23, 2013 Applicant: GOODRICH CORPORATION Inventor: GOODRICH CORPORATION SYSTEM AND METHOD FOR SPRING ASSISTED LANDING GEAR
OPERATION Publication number: 20150203192 Abstract: A landing gear actuation system comprising a
motive force system, such as an actuator and/or a piston to move the landing
gear from a first position to a second position is disclosed herein. The
landing gear actuation system may also comprise a spring system configured to
counterbalance the weight of the landing gear and/or assist the motive force
system in moving the landing gear from a first position to a second position.
The landing gear actuation system may further comprise a camming mechanism to
distribute the direction and/or location of the force applied to the landing
gear. Type: Application Filed: May 2, 2013 Publication date: July 23, 2015 Applicant: Goodrich Corporation Inventor: Goodrich Corporation SELF-LOCKING, OVERRIDEABLE AND ATTENUATING CARGO GUIDE AND
RESTRAINT Publication number: 20130121782 Abstract: An aircraft cargo restraint has a base
configured for attachment to a cargo deck. A housing is rotatably mounted to
the base about a first axis and is movable between an erect position and a
stowed position. A head is movably disposed in the housing, and is movable
between an extended position and a contracted position in directions that are
substantially parallel to the first axis. The restraint includes a lock
configured to releasably secure the housing in the erect position when the
head is in the contracted position, and to permit movement of the head from
the erect position to the stowed position when the head is in the extended
position. Type: Application Filed: November 14, 2012 Publication date: May 16, 2013 Applicant: Goodrich Corporation Inventor: Goodrich Corporation |
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GOVERNMENT CONTRACTS |
Government Contractor: GOODRICH CORPORATION Name & Address: 1 CHARTER OAK BLVD WEST HARTFORD, CT 06133-0000 Number of Defense Contracts Awarded : 828 Dollar Amount of Defense Contracts Awarded: $474,215,985 Government Contractor: GOODRICH CORPORATION Name & Address: 100 WOOSTER HTS DANBURY, CT 06810-7509 Number of Defense Contracts Awarded : 158 Dollar Amount of Defense Contracts Awarded: $531,594,617 Government Contractor: GOODRICH CORPORATION Name & Address: 101 WACO ST TROY, OH 45373-3872 Number of Defense Contracts Awarded : 557 Dollar Amount of Defense Contracts Awarded: $992,962,451 Government Contractor: GOODRICH CORPORATION Name & Address: 104 OTIS ST ROME, NY 13441-4714 Number of Defense Contracts Awarded :873 Dollar Amount of Defense Contracts Awarded: $164,397,988 Government Contractor: GOODRICH CORPORATION Name & Address: 104 OTIS STREET ROME, NY 13441 Number of Defense Contracts Awarded :90 Dollar Amount of Defense Contracts Awarded: $32,112,843 |
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CASES |
Morvant et al v. Dallas Airmotive Inc et al Plaintiff: Keith Morvant and Lynne Frederick Defendant: Rolls-Royce Corporation, Dallas Airmotive Inc,
International Airmotive Holding Co, Premier Turbines, Bell Helicopter
Textron, TRW Inc, TRW Aeronautical Systems Group and Goodrich Corporation Case Number: 3:2017cv00976 Filed: April 6, 2017 Court: Texas Northern District Court Office: Dallas Office County: Dallas Presiding Judge: David C Godbey Nature of Suit: Airplane Product Liability Cause of Action: 28:1332 Jury Demanded By: Plaintiff Daniel Jesus Alikhan v. Goodrich Corporation et al Plaintiff: Daniel Jesus Alikhan Defendant: Does, Goodrich Corporation, Hamilton Sundstrand
and United Technology Corporation Case Number: 2:2017cv06756 Filed: September 13, 2017 Court: California Central District Court Presiding Judge: Dolly M. Gee Referring Judge: Rozella A. Oliver Nature of Suit: Other PANCZA v. GOODRICH CORPORATION Plaintiff: DONALD PANCZA Defendant: GOODRICH CORPORATION Case Number: 3:2017cv06981 Filed: September 12, 2017 Court: New Jersey District Court Office: Trenton Office County: Mercer Referring Judge: Tonianne J. Bongiovanni Presiding Judge: Michael A. Shipp Nature of Suit: Employment Cause of Action: 42:2000 Jury Demanded By: Plaintiff |
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TRADEMARKS |
FASTBOOT Pneumatic aircraft deicers Owned by: GOODRICH CORPORATION Serial Number: 85338993 GOODRICH Clothing, namely, caps, shirts, jackets Owned by: GOODRICH CORPORATION Serial Number: 76218199 GOODRICH maintenance, repair and overhaul of aerospace vehicles and
aerospace vehicle equipment and components Owned by: GOODRICH CORPORATION Serial Number: 76218197 GOODRICH SOUND ABSORBENT STRUCTURAL PANELS AND COMPOSITES FOR USE
IN AEROSPACE AND MARINE VEHICLES; THERMAL PROTECTION STRUCTURAL… Owned by: GOODRICH CORPORATION Serial Number: 76218198 GOODRICH Electric heaters for aerospace vehicles; Pneumatic,
electrothermal, [ electrolytic,] and electromechanical de-icers and… Owned by: GOODRICH CORPORATION Serial Number: 76218195 GOODRICH Chemical preparations for industrial use, namely -
urethane materials for use in the manufacture of coatings and elastomers… Owned by: GOODRICH CORPORATION Serial Number: 76218239 |
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RENEWAL HISTORY |
Filing Date Name
Type Entity Name JUN 01, 2001 Actual GOODRICH CORPORATION MAY 02, 1912 Actual THE B. F. GOODRICH COMPANY |
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UCC |
Debtor Names: GOODRICH
CORPORATION 111 EIGHTH AVENUE, NEW YORK, NY 10011-0000, USA Secured Party Names: YAMAZEN,
INC. 735 E. REMINGTON ROAD, SCHAUMBURG, IL 60173-0000, USA File no. File Date Lapse Date Filing Type 157902 08/20/2001 08/20/2006 Financing Statement Debtor Names: GOODRICH
CORPORATION 2730 WEST TYVOLA, CHARLOTTE, NC 28217-0000, USA Secured Party Names: CITICORP
DEL LEASE, INC. 450 MAMARONECK AVENUE, HARRISON, NY 10528-0000, USA File no. File Date Lapse Date Filing Type 170972 09/07/2001 09/07/2006 Financing Statement Debtor Names: GOODRICH
CORPORATION 701 WHITE AVE., BELOIT, WI 53511-5492, USA Secured Party Names: HITACHI
SEIKI U.S.A., INC. 265 SPRING LAKE DRIVE, ITASCA, IL 60143-0000, USA File no. File Date Lapse Date Filing Type 187266 10/01/2001 10/01/2006 Financing Statement Debtor Names: GOODRICH
CORPORATION 701 WHITE AVE., BELOIT, WI 53511-5492, USA Secured Party Names: HITACHI
SEIKI U.S.A., INC. 265 SPRING LAKE DRIVE, ITASCA, IL 60143-0000, USA File no. File Date Lapse Date Filing Type 187333 10/01/2001 10/01/2006 Financing Statement 213681 11/02/2001 10/01/2006 Termination 5Debtor Names: GOODRICH
CORPORATION 2550 WEST TYVOLA ROAD, CHARLOTTE, NC 28217-0000, USA Secured Party Names: CIT
COMMUNICATIONS FINANCE CORPORATION 650 CIT DRIVE, LIVINGSTON, NJ 07039-0000, USA File no. File Date Lapse Date Filing Type 192277 10/09/2001 10/09/2006 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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Goodrich Corporation is a large-sized organization in the
prepackaged software company’s industry located in Charlotte, NC. It opened its doors in 1870 and now has an estimated $5.9
billion in yearly revenue and 28,000 employees. It operates nationally and internationally, mainly
exporting to Mexico, Colombia and Ecuador. It is ACTIVE in business with
medium credit risk. |
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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 |
|
STATUS |
Active |
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INTERVIEW
|
|
|
NAME |
Bill |
|
POSITION |
Sales |
|
COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees
and the name of the President. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
US Dollar |
1 |
INR 67.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.