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MIRA
INFORM REPORT
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Report No. : |
510630 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
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Name : |
UNITED ELECTRONIC INDUSTRIES, INC. |
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Registered Office : |
Agent - Uei (Ma) 27 Renmar Ave, Walpole, MA 02081
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
04.03.1990 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject manufactures industrial electronic components. |
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No. of Employees : |
25 |
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: |
UNITED ELECTRONIC INDUSTRIES, INC. |
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Trade
Names: |
UNITED ELECTRONIC INDUSTRIES, INC. |
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ID: |
043087340 |
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Date Created: |
1990 |
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Date Incorporated: |
04-03-1990 |
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Legal Address: |
AGENT - UEI (MA) 27 RENMAR AVE,
WALPOLE, MA 02081
USA |
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Operative Address: |
27 Renmar Avenue, Walpole, MA 02081,
United States |
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Telephone: |
1-508-921-4600 |
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Fax: |
1-508-668-2350 |
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Legal Form: |
CORPORATION |
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Email: |
info@ueidaq.com |
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Registered in: |
MASSACHUSETS |
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Website: |
www.ueidaq.com |
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Contact: |
Shaun Miller – Founder and President |
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Staff: |
25 |
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Activity: |
SIC Code: 3571, Electronic Computers NAICS Code: 334111, Electronic Computer
Manufacturing |
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Banks: |
BANK OF AMERICA |
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History: |
United Electronic Industries Inc was founded
in 1990 and is based in Walpole, Massachusetts. |
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PRINCIPAL ACTIVITY |
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United Electronic Industries, Inc. (UEI)
manufactures industrial electronic components. |
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Products/Services description: |
The Company offers data acquisition and
control, logger, recorder, and program automation controller products. |
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Brands: |
POWERDAQ UEIDAQ |
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Sales are: |
Wholesale |
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Clients: |
Private Companies |
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Suppliers: |
FISCHER ELEKTRONIK GMBH CO. KG |
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Operations area: |
National |
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The company
imports from |
GERMANY |
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The subject employs |
25 employees |
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Payments: |
No Complaints |
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LOCATION |
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Headquarters : |
27 Renmar Avenue, Walpole, MA 02081,
United States |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
United Electronics Industries GmbH Germany |
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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. The following information has been provided by
private sources and could not be confirmed: The major holder of this company is
Shaun Miller. |
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Management: |
Shaun Miller – Founder and 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 |
7.500.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
DYNAMICALLY
POWERING A POSITION AND ANGLE DIGITAL DETECTION AND SIMULATION OUTPUT Publication
number: 20110227556 Abstract:
A position detection and simulation platform includes software configurable
logic and programmable inputs and outputs to support software configuration
only changes for use with a variety of position feedback devices including
synchros, resolvers, linear variable differential transformers, and rotary
variable differential transformers. Power to the software configurable
outputs is dynamically controlled so that the power supply voltage presented
to the outputs satisfies a minimum threshold above the amplitude of the
output signal. Dynamic control is based on at least one of a digital
representation of a signal to be output, an analog version of the signal to
be output, or the signal being output. Type:
Application Filed:
June 2, 2011 Publication
date: September 22, 2011 Applicant:
UNITED ELECTRONIC INDUSTRIES, INC Inventors:
Olexiy Ivchenko, Denys Kraplin DYNAMICALLY
POWERING A POSITION AND ANGLE DIGITAL DETECTION AND SIMULATION OUTPUT Publication
number: 20140114631 Abstract:
A position detection and simulation platform includes software configurable
logic and programmable inputs and outputs to support software configuration
only changes for use with a variety of position feedback devices including
synchros, resolvers, linear variable differential transformers, and rotary
variable differential transformers. Power to the software configurable
outputs is dynamically controlled so that the power supply voltage presented
to the outputs satisfies a minimum threshold above the amplitude of the
output signal. Dynamic control is based on at least one of a digital
representation of a signal to be output, an analog version of the signal to
be output, or the signal being output. Type:
Application Filed:
October 18, 2013 Publication
date: April 24, 2014 Applicant:
United Electronic Industries Inventors:
Olexiy Ivchenko, Denys Kraplin Dynamically
powering a position and angle digital detection and simulation output Patent
number: 8594981 Abstract:
A position detection and simulation platform includes software configurable
logic and programmable inputs and outputs to support software configuration
only changes for use with a variety of position feedback devices including
synchros, resolvers, linear variable differential transformers, and rotary
variable differential transformers. Power to the software configurable
outputs is dynamically controlled so that the power supply voltage presented
to the outputs satisfies a minimum threshold above the amplitude of the
output signal. Dynamic control is based on at least one of a digital
representation of a signal to be output, an analog version of the signal to
be output, or the signal being output. Type:
Grant Filed:
June 2, 2011 Date of
Patent: November 26, 2013 Assignee:
United Electronic Industries Inventors:
Olexiy Ivchenko, Denys Kraplin POSITION
AND ANGLE DIGITAL DETECTION AND SIMULATION Publication
number: 20090319245 Abstract:
A position detection and simulation platform includes software configurable
logic and programmable inputs and outputs to support software configuration
only changes for use with a variety of position feedback devices including
synchros, resolvers, linear variable differential transformers, and rotary
variable differential transformers. The platform provides support for all of
these devices without making hardware changes to the platform; all changes
are accomplished through software programming of configurable registers and
logic devices. In this way the platform can universally be applied to
applications that require interfacing to any of the supported devices.
Additionally, the platform can be reconfigured through software to provide
complete simulation of any of the supported devices. Type:
Application Filed:
June 22, 2008 Publication
date: December 24, 2009 Applicant:
UNITED ELECTRONIC INDUSTRIES, INC Inventors:
Olexiy Ivchenko, Denys Kraplin |
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GOVERNMENT CONTRACTS |
Government Contractor Name &
Address: UNITED ELECTRONIC INDUSTRIES, INC. 27 RENMAR AVE, WALPOLE, MA 02081-1515 Number of Defense Contracts Awarded: 64 Dollar Amount of Defense Contracts Awarded: $1,223,254 |
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CASES |
No records were found. |
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TRADEMARKS |
WIN-30 computer hardware used for personal
computer based data collection Owned by: United Electronic Industries,
Inc. Serial Number: 74723187 EZ-MUX computer hardware used for personal
computer based data collection Owned by: United Electronic Industries,
Inc. Serial Number: 74723188 UEIDAQ computer software used for personal
computer based data collection Owned by: United Electronic Industries,
Inc. Serial Number: 74723189 WIN-3016 computer hardware used for personal
computer based data collection Owned by: United Electronic Industries,
Inc. Serial Number: 74723190 POWERDAQ computer hardware used for personal
computer based data collection Owned by: United Electronic Industries,
Inc. Serial Number: 75288168 |
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RENEWAL HISTORY |
Name of filing Year filed Date filed Filing No. Annual Report 2016 09/13/2016 03:07 PM 201696721240 Annual Report 2015 09/03/2015 02:31 PM 201544260080 Statement of Change of Supplemental
Information
01/13/2015 03:08 PM 201509945740 Statement of Change of Registered
Agent/Registered Office 01/13/2015 02:59
PM 201509938210 Annual Report 2014 09/11/2014 12:56 PM 201495871010 Annual Report 2013 09/09/2013 10:28 AM 201348782940 Annual Report 2012 09/05/2012 10:52 AM 201201703800 Annual Report 2011 08/30/2011 11:36 AM 201152611830 Annual Report 2010 09/10/2010 12:56 PM 201012324580 |
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UCC |
UCC Filing Number: 200215133270 Filing Date: 9/27/2002 Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. UCC Filing Number: 200755972700 Filing Date: 4/9/2007 Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. UCC Filing Number: 200756099550 Filing Date: 4/13/2007 Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. UCC Filing Number: 201295811720 Filing Date: 5/14/2012 Action: Continuation Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. UCC Filing Number: 201295816310 Filing Date: 5/14/2012 Action: Secured Party Change Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. / TD
BANK,N.A. AS SUCCESSOR BY MERGER TO BANKNORTH, N.A. UCC Filing Number: 201738096460 Filing Date: 6/30/2017 Action: Continuation Debtor: UNITED ELECTRONIC INDUSTRIES,
INC. Secured Parties: BANKNORTH, N.A. / TD
BANK,N.A. AS SUCCESSOR BY MERGER TO BANKNORTH, N.A. |
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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 1990 United Electronic
Industries Inc is an organization in the Electronic Components Industry and
is headquartered in Walpole, MA. The company has 25 employees and
generates an estimated $7.5 million USD in annual revenue. It operates
nationally, mainly importing from Germany. 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 |
Kathy |
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POSITION |
Receptionist |
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COMMENTS |
She 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.02 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.07 |
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US Dollar |
1 |
INR 68.39 |
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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PRA |
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Report Prepared
by : |
TRU |
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.