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MIRA INFORM REPORT
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Report No. : |
507768 |
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Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
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Name : |
EVOQUA WATER TECHNOLOGIES LLC |
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Registered Office : |
181 Thorn Hill Road, Warrendale, Pa
15086 |
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Country : |
United States |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
28.03.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject engaged in designs, develops, and manufactures
water and wastewater treatment systems. |
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No. of Employees : |
3 700 |
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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Maximum Credit Limit : |
USD 1 000 000 |
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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 - 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:
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EVOQUA WATER TECHNOLOGIES LLC |
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Address
in the order: |
558 CLARK RD, TEWKSBURY MA 01851978/6147158, USA The address in the order corresponds
to a branch address. |
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Legal
Name: |
EVOQUA WATER TECHNOLOGIES LLC |
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Trade
Name: |
EVOQUA |
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ID: |
5311161 |
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Date
Created: |
2013 |
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Date
Incorporated: |
3/28/2013 |
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Legal
Address: |
181 THORN HILL ROAD, WARRENDALE, PA
15086 USA |
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Operative
Address: |
210 6TH AVE STE 3300, PITTSBURGH, PA, 15222-2603 United States |
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Telephone:
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888 602 6403 |
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Fax: |
978 970 2465 |
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Legal
Form: |
Limited Liability Company |
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Email: |
contactus@evoqua.com |
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Registered
in: |
DELAWARE |
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Website:
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www.evoqua.com |
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Contact: |
RON KEATING, PRESIDENT |
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Staff:
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3 700 Employees |
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Activity: |
Main Activity: manufacture of water and wastewater
treatment systems. |
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BANKS: |
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The company does not make its banking data public |
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HISTORY: |
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EVOQUA WATER TECHNOLOGIES LLC was founded in 2013 and
incorporated in January 2013. EVOQUA WATER TECHNOLOGIES LLC used to be called SIEMENS
WATER TECHNOLOGIES LLC but changed its name January 29th, 2014. Evoqua Water Technologies LLC operates as a subsidiary of
Evoqua Water Technologies Corp. |
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Evoqua
Water Technologies LLC Key Developments |
Evoqua
Water Technologies LLC Presents at 22nd North American Shared Services &
Outsourcing Week 2018, Mar-20-2018 04:00 PM Nov
9 17 Evoqua Water Technologies LLC Presents at 22nd North
American Shared Services & Outsourcing Week 2018, Mar-20-2018 04:00 PM.
Venue: Orlando, Florida, United States. Speakers: Zach Wemple, VP, HR Central
Functions, HR Operations and Shared Services. Honeywell
Reportedly Explores Acquisition Of Evoqua Water Technologies Oct
5 17 Honeywell International Inc. (NYSE:HON) is reportedly
seeking to acquire Evoqua Water Technologies LLC, according to the Wall
Street Journal, citing people familiar with the matter. Evoqua
Water Technologies's Products Division Launches Innovative Chemical
Controller with Visual Status Indicator for North American Market Sep
12 17 Evoqua Water Technologies' Products Division announced the
launch of the Blu-Sentinel™ SE product, a new chemical controller designed
for commercial recreational water applications such as aquatic facilities and
water parks. The Blu-Sentinel SE controller features an intuitive, color
touch-screen display and unique color based status indicator in the flow cell
that provides a visual indication of water quality; blue = all is good,
yellow = check parameters, red = fault, check immediately. The Blu-Sentinel
SE controller measures free chlorine, pH, ORP and temperature. In addition,
it continually regulates the dosage of disinfectants and provides pH
correction. It also displays integrated web views allowing all measured
parameters to be displayed on internet-enabled devices (smart phones,
tablets, etc.) via standard web browsers. Certain operating parameters can be
remotely managed via the password-protected online interface. The device
consists of a pressure-resistant flow cell, which accommodates up to three
sensors, and electronics that utilize a 4” touch screen with swipe technology
for an intuitive user interface. The ‘multi-sensor’ incorporated into the
flow cell includes a sample water flow switch, temperature sensor and large
water ground to minimize signal noise. The flow control valve ensures a
constant sample water flow and, in conjunction with the hydrodynamic sand
cleaning of the chlorine sensor, long-term stable measurements. The
Blu-Sentinel controller is a collaboration between Evoqua's Neptune-Benson
and Wallace & Tiernan businesses, two of the recreational water
industry's most well-known filtration and disinfection brands. |
PRINCIPAL
ACTIVITY
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Evoqua Water Technologies LLC designs, develops, and
manufactures water and wastewater treatment systems. It offers aeration, biological
treatment, chemical feed/disinfection, control, instrumentation, conventional
filtration, ion exchange, laboratory water, liquid/vapor phase odor control,
membrane filtration/separation, physical/chemical treatment,
separation/clarification, sludge and biosolid processing, and chemical
controller systems, as well as activated carbon pellets and powders,
analyzers, and specialty products/accessories. It also provides ion exchange
resin, membrane, temporary/emergency mobile water treatment, retrofit, rehab,
aftermarket, deionization, build-own-operate, preventative maintenance,
analytical testing, carbon reactivation, and non-hazardous wastestream
treatment/recovery/recycling services, as well as treatability studies and
system design to installation and startup. In addition, it provides spare
parts, replacement media/systems, replacement RO membranes, and
odor/corrosion control systems. Its products are used for wastewater
treatment, clean/industrial process water, water disinfection/management, high-purity
water, safe drinking water, corrosion/biofouling protection, groundwater
remediation, odor/vapor control, and sludge/biosolids treatment applications. |
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Products/Services
description: |
ACTIVATED CARBON |
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Brands: |
Ionpure® Vantage® ADI SYSTEMS |
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Sales
are: |
NA |
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Clients: |
HYDROCHEM SAS Purificacion Y Analisis De Fluidos Ltda |
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Suppliers: |
HARBIN ROPV INDUSTRY DEVELOPMENT CE |
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Operations
area: |
National and International |
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The
company imports from |
China |
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The
company exports to |
Colombia |
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The
subject employs |
3 700 |
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Payments:
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Regular |
LOCATION
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Headquarters
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210 6TH AVE STE 3300, PITTSBURGH, PA, 15222-2603 United States |
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Comments: |
NA |
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Branches: |
Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water
Technologies Evoqua Water Technologies |
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Related
Companies: |
Evoqua Water
Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water Technologies Evoqua Water
Technologies Evoqua Water Technologies |
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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: |
Evoqua Water Technologies LLC
operates as a subsidiary of: Evoqua Water Technologies
Corp. 210 6th Avenue |
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Management:
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RON KEATING, MANAGER BEN STAS, MANAGER Malcolm B. Kinnaird, Executive
VP & Municipal Segment President Kenneth Rodi, Executive VP
& Products Segment President |
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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
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375
000 000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS |
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Patents |
Isolation valve with seal for
end cap of a filtration system
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Trademarks: |
NA |
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Lawsuits: |
Evoqua Water Technologies LLC
v. M.W. Watermark, LLC et al Factory Mutual Insurance
Company v. Evoqua Water Technologies, LLC |
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UCC: |
No records found |
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Sanctions
List Search: |
The company is not listed in the OFAC list. |
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Maximum
Credit Provided |
USD
1 000 000 |
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SUMMARY
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EVOQUA WATER TECHNOLOGIES LLC was
founded in 2013 and incorporated in January 2013. EVOQUA WATER TECHNOLOGIES LLC
used to be called SIEMENS WATER TECHNOLOGIES LLC but changed its name January
29th, 2014. Evoqua Water Technologies LLC
operates as a subsidiary of Evoqua Water Technologies Corp. It mainly imports from China
and exports to Colombia. It is ACTIVE in MASSACHUSETTS,
USA; with no negative records. |
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 1 000 000 |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
Gina |
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POSITION |
Operator |
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COMMENTS |
She confirmed legal name, Contact, email and website. She
also confirmed that the company does have branches and said the company sells neither wholesale nor retail. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.88 |
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Euro |
1 |
INR 80.99 |
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USD |
1 |
INR 67.57 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
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.