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MIRA INFORM REPORT
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Report No. : |
509382 |
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Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
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Name : |
FLUID QUIP INC |
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Registered Office : |
1940 S Yellow Springs St, Springfield, OH 45506 |
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Country : |
United States |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
17.02.1987 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject operates as a repair and field service company. |
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No. of Employees : |
39 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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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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Legal Name: |
FLUID QUIP INC |
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Trade Names: |
FLUID QUIP |
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ID: |
695356 |
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Date Created: |
1987 |
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Date Incorporated: |
02/17/1987 |
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Legal Address: |
1940 S Yellow Springs St, Springfield, OH 45506 |
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Operative Address: |
1940 South Yellow Spring Street , Springfield, Ohio 45506, USA |
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Telephone: |
937.324.0352 |
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Fax: |
937.324.0048 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
OHIO |
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Website: |
www.fluidquip.com |
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Contact: |
Mark Schneider - Executive Vice President |
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Staff: |
39 |
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Activity: |
SIC Code 3554, Paper Industries Machinery NAICS Code 333243, Sawmill, Woodworking, and Paper Machinery
Manufacturing |
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Banks: |
BANK OF AMERICA Wells Fargo Bank, N.A. THE HUNTINGTON NATIONAL BANK |
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History: |
Fluid Quip Inc was founded in 1987 and is based in Springfield, Ohio. |
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PRINCIPAL
ACTIVITY
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Fluid Quip, Inc. operates as a repair and field service company. |
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Products/Services description: |
The Company offers disc mills, disc nozzles, centrifuges, gravity
screens, rotary strainers, stone cyclones, and starch washing systems. |
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Brands: |
Fluid Quip |
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Sales are: |
Wholesale |
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Clients: |
GUJARAT AMBUJA EXPORTS LTD |
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Suppliers: |
Suzhou Hengrunda Import & Export Co Changchun Meichen Machinery |
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Operations area: |
National |
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The company imports from |
CHINA |
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The company exports to |
INDIA |
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The subject employs |
39 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
1940 South Yellow Spring Street , Springfield, Ohio 45506, USA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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: |
The company does not disclose information on shareholders. We were not able to confirm major holders. |
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Management: |
Mark Schneider - Executive Vice 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 |
8.970.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Bowl centrifuge nozzle Patent number: 6511005 Abstract: An outlet nozzle for use within a centrifuge rotor. The
outlet nozzle includes an axial inlet channel and an outlet channel disposed
angularly with respect to the inlet channel. An insert is received within the
holder and includes an orifice portion and a directing portion. The directing
portion shields at least a portion of the outlet channel for preventing
impact therewith and for diverting fluid flow from the inlet channel of the
holder and into the orifice portion of the insert. The insert further
includes an inlet edge at a proximal end which is defined by the intersection
of the outlet channel and the inlet channel. Type: Grant Filed: March 30, 2001 Date of Patent: January 28, 2003 Assignee: Fluid-Quip, Inc. Inventors: Charles W. Bouchillon, Kim E. Greenwell Pressurized cyclone including agitator assembly Patent number: 6428591 Abstract: A pressurized cyclone for separating solid material from a
fluid flow in which the solid material is entrained in a gaseous fluid
maintained in an elevated pressure. The cyclone includes a housing having
upper and lower ends and defining a longitudinal axis. An agitator assembly
is positioned within the housing proximate the lower end, and includes a
plurality of radially extending agitator members supported for rotation about
the longitudinal axis. A plurality of radially extending anti-rotation
members are removably supported within the side wall, wherein the plurality
of anti-rotation members are axially spaced relative to the plurality of
agitator members. A motor is operably connected to the agitator members for
rotating the agitator members about the longitudinal axis whereby the
agitator members move relative to the anti-rotation members for agitating the
solid material. Type: Grant Filed: September 1, 2000 Date of Patent: August 6, 2002 Assignee: Fluid-Quip, Inc. Inventors: Charles Wesley Bouchillon, Andrew Franko, John Anthony
McBlane Apparatus and method for filtering a material from a liquid medium Patent number: 8813973 Abstract: An apparatus for filtering a material from a medium includes
a first housing having a wall with a plurality of openings formed therein, a
conveyor disposed in the housing for moving the material therealong, and a
conduit line communicating with the interior of the housing for supplying the
medium to the apparatus. At least one of the first housing and the conveyor
rotate relative to a central axis to direct the medium toward the wall so as
to separate the material from the medium. A method for filtering a material
from a medium includes supplying the medium to a first housing, spinning the
medium within the housing, passing the medium through a wall of the housing
to separate the material from the medium, moving the material along the
housing, introducing a fluid into the material within the housing, and
washing the material using the fluid. Type: Grant Filed: May 5, 2009 Date of Patent: August 26, 2014 Assignee: Fluid-Quip, Inc. Inventors: Chie Ying Lee, Ren Jianmin LIQUID TREATMENT APPARATUS AND METHODS Publication number: 20100237023 Abstract: Apparatus and methods for treatment of liquids by generating
hydroxyl radicals through the dissolution of water molecules by hydraulic
cavitation. Type: Application Filed: May 28, 2010 Publication date: September 23, 2010 Applicant: FLUID-QUIP, INC. Inventor: Allison Sprague LIQUID TREATMENT APPARATUS AND METHODS Publication number: 20080099410 Abstract: Apparatus and methods for treatment of liquids by generating
hydroxyl radicals through the dissolution of water molecules by hydraulic
cavitation. Type: Application Filed: October 27, 2006 Publication date: May 1, 2008 Applicant: FLUID-QUIP, INC. Inventor: Allison Sprague Process for Steeping Corn and Steeping System Therefore Publication number: 20100307484 Abstract: The present invention is directed to improvements in the steeping
process of corn wet milling and a steeping system therefore. The process for
steeping corn includes subjecting corn situated in a battery of no less than
four steeping tanks to a countercurrent flow of steep water. The first
steeping tank defines a new corn receiving tank and the last steeping tank
defines a discharge tank. The countercurrent flow of steep water includes
sulfur dioxide and flows in a direction from the discharge tank to the new
corn receiving tank. The sulfur dioxide concentration in the steep water of
the first steeping tank is greater than the sulfur dioxide concentrations in
a plurality of the remainder of the steeping tanks, which maintain sulfur
dioxide levels that are substantially equivalent. Type: Application Filed: June 8, 2009 Publication date: December 9, 2010 Applicant: Fluid-Quip, Inc. Inventor: Chie Ying Lee |
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GOVERNMENT CONTRACTS |
No records were found. |
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CASES |
No records were found. |
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TRADEMARKS |
FLUID-QUIP REPLACEMENT PARTS FOR MACHINERY USED IN THE PULP AND PAPER INDUSTRY,
NAMELY CLEANERS, REFINERS AND PUMPS Owned by: FLUID QUIP, INC. Serial Number: 73720575 |
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RENEWAL HISTORY |
Filing Type: DOMESTIC ARTICLES/FOR PROFIT Date of Filing: 02/17/1987 Document Number: G104_1069 Filing Type: DOMESTIC/AMENDMENT TO ARTICLES Date of Filing: 02/26/1987 Document Number: G115_0058 Filing Type: DOMESTIC AGENT SUBSEQUENT APPOINTMENT Date of Filing: 12/18/1992 Document Number: H501_0106 Filing Type: DOMESTIC CONTINUED EXISTENCE LETTER Date of Filing: 09/09/1993 Document Number: 000000186556 Filing Type: DOMESTIC CONTINUED EXISTENCE Date of Filing: 10/18/1993 Document Number: 000000186557 Filing Type: DOMESTIC AGENT SUBSEQUENT APPOINTMENT Date of Filing: 01/09/1996 Document Number: 5418_1270 Filing Type: DOMESTIC/AMENDMENT TO ARTICLES Date of Filing: 03/29/2000 Document Number: 200008901613 |
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UCC |
Number: OH00157236936 Debtors: FLUID QUIP, INC. Secured Party: THE HUNTINGTON NATIONAL BANK Filing Type: Original File Date: 04/03/2012 Lapse Date: 04/03/2022 Number: AN56974 Debtors: FLUID QUIP INC Secured Party: THE HUNTINGTON
NATIONAL BANK Filing Type: Original File Date: 04/17/1997 Lapse Date: 04/17/2022 Number: OH00042708343 Debtors: FLUID QUIP, INC. Secured Party: THE HUNTINGTON
NATIONAL BANK Filing Type: Original File Date: 12/14/2001 Lapse Date: 12/14/2021 Number: OH00213912313 Debtors: Fluid Quip, Inc. Secured Party: Wells Fargo Bank,
N.A. Filing Type: Original File Date: 08/02/2017 Lapse Date: 08/02/2022 |
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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 1987 Fluid Quip Inc is an organization in the Agricultural
Machinery Industry and is headquartered in Springfield, OH. The company has 39 regular employees and generates an estimated $8.9
million USD in annual revenue. It operates nationally and internationally, mainly exporting to India.
It is ACTIVE in business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Daniel |
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POSITION |
Sales |
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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 Executive Vice President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.83 |
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1 |
INR 91.68 |
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Euro |
1 |
INR 80.29 |
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US Dollar |
1 |
INR 67.79 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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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.