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MIRA INFORM REPORT
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Report No. : |
510672 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ASSOCIATED RESEARCH INCORPORATED |
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Registered Office : |
13860 W Laurel Drive, Lake Forest, IL 60045 |
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Country : |
United States |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1936 |
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Legal Form : |
Corporation |
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Line of Business : |
The company's line of business includes the manufacturing of
instruments used to measure electricity and electrical signals. |
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No. of Employees : |
35 |
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: |
ASSOCIATED RESEARCH INCORPORATED |
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Trade Name: |
ASSOCIATED RESEARCH |
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ID: |
24559033 |
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Date Created: |
1936 |
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Date
Incorporated: |
1936 |
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Legal Address: |
13860 W Laurel Drive, Lake Forest, IL 60045, United States |
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Operative
Address: |
28105 North Keith Drive, Lake Forest, IL 60045 USA |
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Telephone: |
(487) 367 4077 |
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Fax: |
(487) 367 4080 |
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Legal Form: |
Corporation |
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Email: |
info@arisafety.com |
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Registered in: |
ILLINOIS (IL), USA |
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Website: |
www.asresearch.com |
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Contact: |
Michael R Braverman, President |
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Staff: |
35 Employees |
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Activity: |
NAICS CODE 334515 Instrument Manufacturing for Measuring and Testing
Electricity and Electrical Signals |
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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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The company was founded in 1936 in Illinois, USA. |
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PRINCIPAL
ACTIVITY
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The company's line of business includes the manufacturing of
instruments used to measure electricity and electrical signals. |
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Products/Services
description: |
Hipot Test Hypot Hypot ULTRA OMNIA II HypotMAX Ground Bond Test HYAMP HypotULTRA Leakage Current Test LineChek II Insultation Resistance Test Systems Multiplexers Reconditioned Instruments Personal Protective Equipment Accesories Discontinued Models |
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Brands: |
HYAMP SERIES Hypot ULTRA OMNIA Hypot MAX LINECHEK |
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Sales are: |
Wholesale |
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Clients: |
INSTRU ELECTRONIC COLOMBIA S. A. S Inymet Instrumentacion S.A. DE C.V. |
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Suppliers: |
Extech Electronics Co., Ltd. CELESTICA DE MONTERREY SA DE CV Lincoln Electric Maquinas S de RL |
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Operations area:
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National and International |
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The company
imports from |
China, Mexico |
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The company
exports to |
Colombia, Mexico |
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The subject
employs |
35 Employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
28105 North Keith Drive, Lake Forest, IL 60045 USA |
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Branches: |
The company does not have branches |
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Main Competitors |
NA |
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Related
Companies: |
ASIA / PACIFIC Malaysia Telephone: +60 3 7842 6097 Fax: +60 3 7842 6168 China Telephone: +86-20-85533850 Fax: +86-20-85538710 CHINA Guangzhou Area Telephone: +86-20-85533850 Fax: +86-20-85548933 Contacts: Edison Liu, Alvin
Quah Suzhou / Shanghai Area Telehone: +86-512-68088360 or
+86-512-68088361 Fax: +86-512-68088363 Contacts: Fly Yu, Alvin Quah |
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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 acts as a subsidiary of: IKONIX USA 28105 North Keith Drive, Lake Forest, IL 60045 USA |
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Management: |
Michael R Braverman, President Pete Stevens, Sales Manager Mike Nosik, Senior Business Development Specialist Rene Hernandez Jr., Senior Business Development Specialist Mahmoud Hamdan, International Business Development Specialist Nate Moddes, Inside International Sales Representative Vanessa Zepeda, Inside Sales Coordinator Jose Roman, Inside Sales Coordinator Josh Jyawook, Business Development Specialist |
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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 |
9 000 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Trademarks: |
ELECTRICAL MEASURING INSTRUMENTS FOR MEASURING THE RESISTANCE OF ELECTRICAL GROUNDING CONNECTION TO THE EARTH Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 73617493 HYPOTULTRA
electrical measuring instruments for testing the strength of
electronic and electrical products Owned by: Associated
Research, Inc. Serial Number: 74644836 ASSOCIATED RESEARCH, INC.
ELECTRICAL MEASURING INSTRUMENTS-NAMELY, APPARATUS FOR DETERMINING THE
VOLTAGE AT WHICH ELECTRICAL INSULATION BREAKS DOWN… Owned by: Associated
Research, Inc. Serial Number: 75902190 LINECHEK
ELECTRICAL INSTRUMENTS USED TO PERFORM ELECTRICITY LEAKAGE TESTS ON INDUSTRIAL,
COMMERCIAL AND DOMESTIC PRODUCTS; ELECTRICAL… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76351404 OMNIA
ELECTRICAL INSTRUMENTS USED TO TEST CONSUMER, COMMERCIAL AND
INDUSTRIAL PRODUCTS ON A VARIETY OF ELECTRICAL SAFETY SPECIFICATIONS… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76351406 AUTOWARE
Software for use in testing electrical safety products to ensure
compliance with regulations, and to set up electrical safety… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76351407 HYAMP
ELECTRICAL MEASURING INSTRUMENTS USED FOR TESTING THE SAFETY GROUND
CIRCUIT OF CONSUMER AND INDUSTRIAL PRODUCTS Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76351408 VERI-CHEK
ELECTRONIC SELF-VERIFICATION FEATURE THAT TESTS FOR PROPER OPERATION
SOLD AS A COMPONENT OF ELECTRICAL SAFETY COMPLIANCE… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76398838 CAL-ALERT
RE-CALIBRATION WARNING SIGNAL THAT PROVIDES A WARNING WHEN CALIBRATION
IS DUE SOLD AS A COMPONENT ELECTRICAL SAFETY COMPLIANCE… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 76398876 ASSOCIATED POWER TECHNOLOGIES
Electrical and electronic measuring and testing products, namely, AC
power sources, frequency converters, AC power supplies… Owned by: ASSOCIATED
POWER TECHNOLOGIES, INC. Serial Number: 77099330 APT ASSOCIATED POWER TECHNOLOGIES
Electrical and electronic measuring and testing products, namely, AC
power sources, frequency converters, AC power supplies… Owned by: Associated
Power Technologies, Inc. Serial Number: 77286986 MEDTEST
Electronic test systems comprised primarily of printed circuit boards,
computer software in the field of testing electronic… Owned by: Associated
Research, Inc. Serial Number: 77348778 RAMP-HI
Electronic test instrument and associated software for use in
electrical safety testing Owned by: Associated
Research, Inc. Serial Number: 77410014 CHARGE-LO
Electronic test instrument and associated software for use in
electrical safety testing Owned by: Associated
Research, Inc. Serial Number: 77410028 SMARTGFI
Electrical circuits used to monitor current leakage from electrical safety
testing devices to the ground sold as a component… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 77486901 HYPOTMAX
electrical measuring instruments for testing the dielectric strength
of electronic/electrical products Owned by: Associated
Research, Inc. Serial Number: 78477778 VARIPLUS
AC electrical power supplies and electrical power supplies Owned by: IKONIX
GROUP, INC. Serial Number: 85097991 DUALCHEK
Electrical and electronic instruments for measuring and testing the
performance, strength and efficiency of electronic and… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 85119692 ASSOCIATED RESEARCH, INC.
Electrical measuring instruments, namely, instruments for determining
the voltage at which electrical insulation breaks… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 85472650 AUTOWARE2
Software for use in testing electrical safety products to ensure
compliance with regulations, and to set up electrical safety… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 85575945 BATCHTEST
Software for use in testing electrical safety products to ensure
compliance with regulations, and to set up electrical safety… Owned by: ASSOCIATED
RESEARCH, INC. Serial Number: 85784793 SAFETY IS OUR ONLY FOCUS
Electrical measuring instruments, namely, instruments for determining
the voltage at which electrical insulation breaks… Owned by: Associated
Research, Inc. Serial Number: 85860349 ACTIVE LINK
Electrical safety compliance analyzers for use by the producers of
electrical products for testing for compliance with industry… Owned by: Associated
Research, Inc. Serial Number: 85875764 POWER TO THE CUSTOMER
Electrical and electronic measuring and testing products, namely, AC
power sources, frequency converters, AC power supplies… Owned by: Associated
Power Technologies, Inc. Serial Number: 86226763 PROVOLT
Electrical measuring instruments for only commercial and industrial
use with online product videos, namely, testers, instruments… Owned by: Associated
Research, Inc. Serial Number: 86249759 FAILCHEK
Electronic self-verification feature sold as a component part of an
electrical safety compliance testing apparatus that… Owned by: Associated
Research, Inc. Serial Number: 86353238 SWITCHPRO
electrical and electronic products, including multiplexers for
electrical safety compliance testing Owned by: Associated
Research, Inc. Serial Number: 87243135 |
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Lawsuits: |
No records found |
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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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The company was founded in 1936 in Illinois, USA. The company's line
of business includes the manufacturing of instruments used to measure
electricity and electrical signals. The company employs a staff of 35, and has an annual revenue of USD
10,900,000. The company mainly imports from China and Mexico and exports to Mexico
and Colombia. It is ACTIVE in ILLINOIS, USA; 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 |
NA |
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POSITION |
NA |
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COMMENTS |
We tried calling several times but we were not able to reach Associated
Research, this may be due to the fact that the phone was disconnected or not
available. We could not leave a message in their voicemail as there wasn’t
any tone. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.39 |
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1 |
INR 91.44 |
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Euro |
1 |
INR 80.14 |
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US Dollar |
1 |
INR 67.77 |
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.