|
|
|
,%20INC%20-%20510611%2024-May-2018_files/image002.jpg){kind=small}
,%20INC%20-%20510611%2024-May-2018_files/image004.jpg)
,%20INC%20-%20510611%2024-May-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
510611 |
|
Report Date : |
24.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MEGGITT (ORANGE COUNTY), INC |
|
|
|
|
Registered Office : |
Corporation Trust Center 1209 Orange ST, Wilmington, New Castle,
Delaware |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
2016 (Summarized) |
|
|
|
|
Date of Incorporation : |
09.07.1987 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Subject is dedicated to the manufacturing of measuring and controlling
devices. |
|
|
|
|
No. of Employees : |
400 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $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.
|
Source
: CIA |
STATUTORY INFORMATION
|
Legal Name: |
MEGGITT (ORANGE COUNTY), INC |
|
Trade Name: |
MEGGITT Sensing Systems/ENDEVCO |
|
ID: |
2131643
|
|
Date Created: |
1987 |
|
Date Incorporated: |
7/9/1987 |
|
Legal Address: |
CORPORATION TRUST CENTER 1209 ORANGE ST, Wilmington,
New Castle, Delaware, USA |
|
Operative Address: |
14600 MYFORD RD, IRVINE, CA, 92606-1005 United States |
|
Telephone: |
(949) 493-8181 |
|
Fax: |
NA |
|
Legal Form: |
Corporation
|
|
Email: |
endevco@meggitt.com |
|
Registered in: |
DELAWARE (DE), USA |
|
Website: |
www.meggit.com www.endevco.com |
|
Contact: |
Mel Hilderbrand, President |
|
Staff: |
400 Employees |
|
Activity: |
SIC CODE
3829, Measuring and Controlling Devices, NEC NAICS CODE
334519, Other Measuring and Controlling Device Manufacturing |
|
|
|
|
BANKS: |
|
|
|
Bank of America, 1850 Gateway Blvd, Concord, CA
90074-2018, |
|
|
|
|
HISTORY |
|
|
The company was incorporated in 1987 in Delaware,
USA. The company acts as a subsidiary of Meggitt Plc of England. |
|
|
|
|
PRINCIPAL ACTIVITY |
|
|
The company is dedicated to the manufacturing of
measuring and controlling devices. |
|
|
Products/Services description: |
Accelerometers Signal Conditioners High Intensity Microphones Supportive Instrumentation Accesories Cables Pressure Transducers Electrodynamic exciters |
|
Brands: |
ENDEVCO |
|
Sales are: |
Wholesale |
|
Clients: |
Grupo Industrial Rubalcava SA de CV Mb Instrumentos SA de CV |
|
Suppliers: |
NA |
|
Operations area: |
National and International |
|
The company imports from |
No import records |
|
The company exports to |
Mexico |
|
The subject employs |
400 Employees |
|
Payments: |
Regular |
|
|
|
LOCATION |
|
|
Headquarters : |
14600 MYFORD RD, IRVINE, CA, 92606-1005 United States |
|
Branches: |
Meggitt Sensing Systems MEMS 355 N. Pastoria Avenue Sunnyvale, California 94085 T: 1-408-739-3533 Email: endevco@meggitt.com |
|
Main Competitors |
NA |
|
Related Companies: |
Dirk Mahler (Aerospace/Defence/Distribution) Meggitt Sensing Systems Kaiserleistraße 51 63067 Offenbach Germany Tel: +49 (0) 1602469144 Fax: +41 26 4071225 dirk.mahler@de.meggitt.com Regional Sales Manager Massimo Ravazzini Meggitt Sensing Systems Rte de Moncor 4 1701 Fribourg, Switzerland Tel: +41 26 407 1406 Fax: +41 26 407 1225 massimo.ravazzini@ch.meggitt.com Customer Account Representative Aniko Nagy Meggitt Sensing Systems Rte de Moncor 4 CH - 1701 Fribourg, Switzerland (German) Tel: +41 26 4071454 Fax: +41 26 4071225 aniko.nagy@ch.meggitt.com Applications Engineer Luc Migeon Meggitt Sensing Systems 10 rue Mercoeur 75011 Paris, France |
|
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company acts as a subsidiary of: Meggitt Plc. Wimborne, England. |
|
Management: |
Mel Hilderbrand, President Wayne Glidden, Director of Materials Sara Kruse, Vice President Stuart Parker, General Manager |
|
|
|
FINANCIAL INFORMATION |
|
|
The company does not make its financial statements
public. The following information has been provided by private sources: |
|
|
USD 2016 |
|
|
Sales |
96 000 000 |
|
Cash flow |
Normal |
|
|
|
LEGAL FILINGS |
|
|
|
|
|
Lawsuits |
Photoshopping competitor's product as one's own
could be false advertising Meggitt (Orange County), Inc. v. Nie, 2014 WL
5528546, No. SACV 13–0239 (C.D. Cal. Nov. 3, 2014) |
|
|
|
|
Patents |
Patent number: 9625486 Abstract: A MEMS acceleration sensor comprising: a
frame, a plurality of proofmasses; a plurality of flexures; a plurality of
hinges and a plurality of gauges. The frame, proofmasses, flexures, hinges
and gauges designed to measure acceleration in a direction perpendicular to
the device plane while being generally resistant to motions parallel to the
device plane. The measurement of the acceleration is accomplished through the
piezoresistive effect of the strain in the gauges. Type: Grant Filed: July 17, 2014 Date of Patent: April 18, 2017 Assignee: MEGGITT (ORANGE COUNTY), INC. Inventor: Tom Kwa Microelectromechanical pressure sensors Patent number: 9581511 Abstract: A pressure sensitive element is provided.
In one embodiment the pressure sensitive element comprises: a diaphragm with
a gage side and a back side and a rim surrounding the diaphragm; a pair of
inner islands on the gage side of the diaphragm wherein the pair of inner
islands are spaced to form a first gap between the pair of inner islands; a
first freed gage spanning the first gap; at least one bridge to provide an
electrical communication path between the rim and the first freed gage; an
outer island on the gage side of the diaphragm wherein the outer island and
the rim are spaced to form a second gap; and a second freed gage spanning the
second gap. Type: Grant Filed: October 15, 2013 Date of Patent: February 28, 2017 Assignee: MEGGITT (ORANGE COUNTY), INC. Inventors: Tom Kwa, Leslie Bruce Wilner Patent number: 9453755 Abstract: A system and method for accurately
measuring fluid level in a vessel is provided. Generally, the system contains
an elongated portion being a coaxial tube having a hollow center, an arm
being coaxial in shape, and a sensor containing a transmitter capable of
creating and transmitting an excitation electromagnetic pulse for traversing
the elongated portion and the arm, and a receiver for receiving reflected
pulses, wherein a proximate end of the elongated portion joins a distal end
of the arm in a manner to create a waveguide for an electromagnetic pulse
provided by the sensor. Type: Grant Filed: October 1, 2008 Date of Patent: September 27, 2016 Assignee: Meggitt (Orange County), Inc. Inventors: Ronie Lavon, Carlos Eduardo Carvalho,
Thomas Miskell, Vincent Rizzo, Kevin John Petriel Cable with LED connection indicator and methods of
using same Patent number: 9410988 Abstract: An interconnection verification device for
sensors and a software implementation of interconnection verification between
cabling and sensors in large, multi-channel test configurations are
disclosed. In a preferred embodiment the sensor assembly comprises a sensor
and an indicator electrically connected inline with the sensor. In a
preferred embodiment the indicator is an LED. In an even more preferred embodiment,
the sensor is an IEPE. Type: Grant Filed: January 13, 2014 Date of Patent: August 9, 2016 Assignee: MEGGITT (ORANGE COUNTY), INC. Inventor: Wayne Zavis System and method for thermal mitigation for tire
pressure measurement electronics Patent number: 9381779 Abstract: A thermal pressure measurement assembly
coupled to a rim of an aircraft wheel. A housing is configured to be fastened
to a wheel face. An electronics enclosure is positioned in the housing.
Electronics are positioned in the electronics enclosure and configured to
process a signal received from a remote sensor that measures tire pressure
and temperature. Internal insulation is positioned in an interior of the
housing. The internal insulation is configured to reduce the temperature of
the electronics sufficiently to permit use of low temperature electronics
rated to 125 degrees C. Type: Grant Filed: July 9, 2012 Date of Patent: July 5, 2016 Assignee: MEGGITT (ORANGE COUNTY), INC. Inventor: Gary Thomas Smith Low-G MEMS acceleration switch Patent number: 9257247 Abstract: A motion-sensitive low-G MEMS acceleration
switch, which is a MEMS switch that closes at low-g acceleration (e.g.,
sensitive to no more than 10 Gs), is proposed. Specifically, the low-G MEMS
acceleration switch has a base, a sensor wafer with one or more proofmasses,
an open circuit that includes two fixed electrodes, and a contact plate.
During acceleration, one or more of the proofmasses move towards the base and
connects the two fixed electrodes together, resulting in a closing of the
circuit that detects the acceleration. Sensitivity to low-G acceleration is
achieved by proper dimensioning of the proofmasses and one or more springs
used to support the proofmasses in the switch. Type: Grant Filed: June 9, 2014 Date of Patent: February 9, 2016 Assignee: Meggitt (Orange County), Inc. Inventor: Tom Kwa HIGH-OUTPUT MEMS ACCELEROMETER Publication number: 20150346235 Abstract: A MEMS acceleration sensor is provided. Type: Application Filed: June 2, 2014 Publication date: December 3, 2015 Applicant: Meggitt (Orange County), Inc. Inventor: TOM KWA MICROELECTROMECHANICAL PRESSURE SENSORS Publication number: 20150101413 Abstract: A pressure sensitive element is provided.
In one embodiment the pressure sensitive element comprises: a diaphragm with
a gage side and a back side and a rim surrounding the diaphragm; a pair of
inner islands on the gage side of the diaphragm wherein the pair of inner
islands are spaced to form a first gap between the pair of inner islands; a
first freed gage spanning the first gap; at least one bridge to provide an
electrical communication path between the rim and the first freed gage; an
outer island on the gage side of the diaphragm wherein the outer island and
the rim are spaced to form a second gap; and a second freed gage spanning the
second gap. Type: Application Filed: October 15, 2013 Publication date: April 16, 2015 Applicant: Meggitt (Orange County), Inc. Inventors: TOM KWA, Leslie Bruce Wilner Patent number: 8794063 Abstract: A layer height measuring system in one
embodiment has a transmission line including a probe for measuring a height
of a first layer within a tank and a cable that connects the probe to an
electronics unit. The electronics unit cyclically transmits interrogation
pulses to the probe and receives reflections therefrom for time domain
reflectometric measurement of the height of the first layer. Type: Grant Filed: December 3, 2009 Date of Patent: August 5, 2014 Assignee: Meggitt (Orange County), Inc. Inventors: Thomas J. Miskell, Zhenyu Tan, Kevin J.
Petriel, Carlos E. Carvalho, Ronie Lavon CABLE WITH LED CONNECTION INDICATOR AND METHODS OF
USING SAME Publication number: 20140210631 Abstract: An interconnection verification means for
sensors and a software implementation of interconnection verification between
cabling and sensors in large, multi-channel test configurations are
disclosed. In a preferred embodiment the sensor assembly comprises a sensor
and an indicator electrically connected inline with the sensor. In a
preferred embodiment the indicator is an LED. In an even more preferred
embodiment, the sensor is an IEPE. Type: Application Filed: January 13, 2014 Publication date: July 31, 2014 Applicant: Meggitt (Orange County), Inc. Inventor: WAYNE ZAVIS SENSORS WITH MODULAR THREADED PACKAGING Publication number: 20140208876 Abstract: A modular piezoelectric sensor system,
wherein the system comprises: a sensor pod including at least one standard
sensor interface; and a plurality of different mounting adapters that include
different external mounting interfaces wherein each mounting adapter has at
least one complementary standard sensor interface. Type: Application Filed: January 23, 2014 Publication date: July 31, 2014 Applicant: Meggitt (Orange County), Inc. Inventor: Margie Mattingly Low-G MEMS acceleration switch Patent number: 8779534 Abstract: A motion-sensitive low-G MEMS acceleration
switch, which is a MEMS switch that closes at low-g acceleration (e.g.,
sensitive to no more than 10 Gs), is proposed. Specifically, the low-G MEMS
acceleration switch has a base, a sensor wafer with one or more proofmasses,
an open circuit that includes two fixed electrodes, and a contact plate. During
acceleration, one or more of the proofmasses move towards the base and
connects the two fixed electrodes together, resulting in a closing of the
circuit that detects the acceleration. Sensitivity to low-G acceleration is
achieved by proper dimensioning of the proofmasses and one or more springs
used to support the proofmasses in the switch. Type: Grant Filed: November 4, 2011 Date of Patent: July 15, 2014 Assignee: Meggitt (Orange County), Inc. Inventor: Tom Kwa System and method for identifying fluids and
monitoring fluid quality in a vessel Patent number: 8746045 Abstract: Methods and systems are disclosed for
using time domain reflectometry to determine the identity of a fluid in a
vessel, and to determine whether the quality of a fluid in a vessel is within
acceptable parameters. Methods include identifying a fluid by comparing a
derived characteristic of a fluid to a reference characteristic, determining
the quality of a fluid by determining if a derived characteristic is within
an acceptable quality range, monitoring a fluid for a dynamic change in
quality or state, and identifying a fluid by comparing a transition
reflection waveform to a reference signature transition. The methods are
implemented in systems for identifying a fluid layer in a vessel, such as
fuel, free liquid water or ice, detecting misfueling or fuel contamination,
and detecting fluid state changes, such as the formation of ice. Type: Grant Filed: April 14, 2011 Date of Patent: June 10, 2014 Assignee: Meggitt (Orange County), Inc. Inventors: Carlos E. Carvalho, John L. Sinnamon,
Thomas Miskell, Vincent J. Rizzo Sensor device with stepped pads for connectivity Patent number: 8683870 Abstract: A sensor device includes at least one
sensor device coupled to a substrate. A solder pad interface includes a
plurality of steps, with at least a portion of the steps positioned at
different planes, each of a step having a solder pad. A cable with a
plurality of cable leads, is configured for each of a cable lead to be
coupled to a solder pad. Type: Grant Filed: March 15, 2012 Date of Patent: April 1, 2014 Assignee: Meggitt (Orange County), Inc. Inventor: James C. Letterneau Vessel probe connector with solid dielectric
therein Patent number: 8549909 Abstract: A modular TDR probe assembly is presented.
The probe assembly includes a first section with a central conductor and an
outer conductor having a first impedance, and a second section with a central
conductor and an outer conductor having a second impedance. An impedance
matching elbow joins the first section and the second section. The elbow
contains a solid dielectric insert with a bore passing through it housing a
terminal pin that conveys electrical signals between the center conductor of
the first section and the center conductor of the second section. Type: Grant Filed: April 14, 2011 Date of Patent: October 8, 2013 Assignee: Meggitt (Orange County), Inc. Inventors: Carlos E. Carvalho, George Ki |
|
|
|
|
UCC: |
No records found |
|
|
|
|
Sanctions List Search: |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY |
|
|
Meggitt Sensing Systems is a privately held company
in Irvine, CA and is a Headquarters business. Categorized under Vibration Meters, Analyzers, and
Calibrators. It was incorporated in Delaware. Current estimates show this company has an annual
revenue of USD MIL 96 and employs a staff of approximately 400. It mainly exports to Mexico, but does not show any
export records. It is ACTIVE in DELAWARE, USA; with no negative
records. |
|
RISK INFORMATION |
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
STATUS |
ACTIVE |
|
|
|
INTERVIEW |
|
|
NAME |
Anne |
|
POSITION |
Operator |
|
COMMENTS |
She confirmed name, operative address, and website
and provided the website: www.meggitt.com. When asked about the email address, she was not completely sure so
she could not confirm it. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.21 |
|
|
1 |
INR 91.43 |
|
Euro |
1 |
INR 80.24 |
|
US Dollar |
1 |
INR 68.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
|
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.