The Company entered into a series of loan agreements in April 2013 with General Electric Capital Corporation (GE Capital) whereby the Company financed the purchase of certain equipment from GE Capital. Borrowings mature on May 1, 2018 and bore an interest rate of 4.99%, with principal and loan payments due monthly as defined within the agreements. All amounts due under the loan agreements were secured by the underlying equipment. These loans were subsequently sold by GE Capital to a bank. Interest expense on borrowings under these loan agreements amounted to $73,092 and $154,877 for the years ended December 31, 2017 and 2016, respectively. Principal loan balance outstanding under these loans as of December 31, 2016 amounted to $2,374,089. Debt issuance costs amounted to $9,433 as of December 31, 2016. All amounts outstanding were paid in full in December 2017.
"And a programmer, linguist, architect, musician, teacher, the guy does everything." He balanced the neck of his fork on the side of the bowl, the tines over the remaining nuts drowning in oil. "What about you? What do you do besides talk to the animals?"
Chapter 1, to describe Galvanized Pipe Fitting Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.Chemical ProcessingOil & GasWater And Waste WaterOthers
In addition to selling pipe produced at our manufacturing facilities in the United States, we resell pipe sourced from our affiliated companies in the TMK Group. The sales of the pipe that we imported from our affiliated companies in the TMK Group and resold during the six months ended June 30, 2018 and the year ended December 31, 2017 accounted for 13.4% and 14.7% of our revenue, respectively. If for any reason, including increased demand for pipe in Russia or the implementation of U.S. sanctions, our affiliated companies in the TMK Group become unable to provide us pipe in the quantity that we demand, we may be forced to purchase such pipe from a third-party supplier at a higher cost, which would decrease our profitability with respect to such products. Further, there can be no guarantee that we would be able to identify a suitable replacement supplier on a timely basis, in which case we may be forced to rely exclusively on our domestically produced pipe, and our business, results of operations and financial condition could be adversely affected. In addition, President Trumps administration has implemented a 25% tariff on imported steel products, including pipe equivalent, originating from Russia and other countries. The implementation of this tariff, as well as the imposition of any additional tariffs or quotas on the importation of pipe from the countries in which the TMK Group operates, including Russia, could increase our costs to acquire this pipe and could decrease the profits we derive from such sales.
We have successfully delivered bespoke material packages to many clients, including British Petroleum, Conoco Philips, Technip, ExxonMobil, Hyundai Heavy Industries, Khalda Petroleum, AMEC Paragon, Single Buoy Moorings, Kuwait National Petroleum Company, Apache Energy, Aker Oil & Gas, Allseas Engineering, Sembawang Shipyard, Ras Laffan Olefins, Petronas and Woodside Energy. To date, our materials have been exported to 31 different countries.
This is similar to the machine press, but you will be pushing forward, away from the body. If using a machine, position the seat so the handles are level with the chest.
When my mother was 77 years old, my sister nagged her into writing her autobiography. Although she grumbled about it, Lena typed about 80 pages of her memories, describing her life on the farm, growing and preserving their food, going to school, including photos of family members in days of yore. The following is the story of Lena’s first Christmas tree, in her own words.
On August 16, 2016, we entered into a $14.0 million term loan facility, or the 2016 Term Loan Facility, with OFS International, under which we are the lender. As of December 31, 2017, OFS International had $0 of outstanding borrowings under the 2016 Term Loan Facility. The 2016 Term Loan Facility bore interest at a rate of 8.5% per annum. OFS International repaid all outstanding principal and interest on the facility during September 2017.
My favorite ornament is a 1:43 scale replica of a 1956 Ford Thunderbird (two-seater). The white top and navy blue body make a colorful ornament. Because it is only 5 inches long, this little car can be easily laid across two Christmas tree branches and is well-supported without a string.
As a company with less than $1.07 billion in revenue during our last fiscal year, we qualify as an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. As an emerging growth company, we may, for up to five years, take advantage of specified exemptions from reporting and other regulatory requirements that are otherwise applicable generally to public companies. These exemptions include:
Purchasers of our common stock in this offering will experience immediate and substantial dilution in the net tangible book value per share of our common stock for accounting purposes. Our net tangible book value as of June 30, 2018 after giving effect to the Stock Split was approximately $ million, or $ per share.
Bob Holly On Abusing Pills During Professional Wrestling Career | 90 Degree Elbow Pipe Fitting Related Video:
With a positive and progressive attitude to customer's interest, our company continuously improves our product quality to meet the needs of customers and further focuses on safety, reliability, environmental requirements, and innovation of Copper Elbow Fitting, Bride en fonte, Epdm Expansion Rubber Joint, Company name, is always regarding quality as company' s foundation, seeking for development via high degree of credibility , abiding by ISO quality management standard strictly, creating top-ranking company by spirit of progress-marking honesty and optimism.