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Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
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Name : |
THE CSI COMPANIES, INC. |
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Registered Office : |
9995 North Gate Parkway, Ste 100, Jacksonville, FL 32246 |
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Country : |
United States |
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Date of Incorporation : |
06.06.1994 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Provides Employment Consulting Solutions |
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No. of Employees : |
100 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and
most technologically powerful economy in the world, with a per capita GDP of $49,800.
In this market-oriented economy, 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, they face higher barriers to enter their
rivals' home markets than foreign firms face entering US markets. US firms are
at or near the forefront in technological advances, especially in computers and
in medical, aerospace, and military equipment; their advantage has narrowed
since the end of World War II. The onrush of technology largely explains 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. 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 nearly 55% of US consumption. 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. In addition to
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. The sub-prime mortgage crisis, falling home
prices, investment bank failures, tight credit, and the global economic
downturn pushed the United States into a recession by mid-2008. GDP contracted
until the third quarter of 2009, making this the deepest and longest downturn
since the Great Depression. To help stabilize financial markets, in October
2008 the US Congress established a $700 billion Troubled Asset Relief Program
(TARP). 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 the US Congress passed and 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. 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
2011, direct costs of the wars totaled nearly $900 billion, according to US
government figures. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries. In March 2010, President
OBAMA signed into law the Patient Protection and Affordable Care Act, a health
insurance reform that will extend coverage to an additional 32 million American
citizens by 2016, through private health insurance for the general population
and Medicaid for the impoverished. Total spending on health care - public plus
private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the
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. Long-term problems 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 - including significant budget shortages for state governments.
Source : CIA
CSI TECH SOLUTIONS INC.
9995 North Gate Parkway, Ste 100
Jacksonville, FL 32246
CSI Tech Solutions is a division of the CSI Tech, dedicated to serving the
specific needs of IT organizations from corporate IT departments, IT consulting
firms, software development companies and technology solution providers. CSI
Tech Solutions was developed to provide clients with ‘Global Reach. Local
Service’, combining a talented international resource pool with a local support
team designed to meet client needs.
CSI Tech is a division of The CSI Companies, Inc.
Company name: THE CSI COMPANIES, INC.
Address: 9995 North Gate Parkway, Ste 100,
Jacksonville, FL 32246 –
USA
Telephone: +1
904-338-9515
Fax: +1 904-338-9520
Website: www.thecsicompanies.com
Corporate ID#: P94000074322
State: Florida
Judicial form: Corporation – Profit
Date incorporated: June 6,
1994
Stock: -
Value: -
Name of manager: Raphael
SANSON
Business:
The CSI Companies, Inc., through its subsidiaries, provides employment consulting
solutions to a range of companies in the United States and internationally.
It offers administrative staffing services for executive administrative,
human resources and benefits administration, data entry, purchasing and
procurement, business management, sales and account management, marketing and
communications, project management, office manager/assistant, and legal support
positions; staffing services for call center and clerical positions; and
temporary staffing services. The company also provides executive retained
search services for executive posts, accounting/finance directors and officers,
and commercial banking heads; operations executives; and commercial real estate
executives for healthcare, financial services, insurance, consumer packaged
goods, retail, manufacturing, engineering, technology, legal, and mortgage
industries. In addition, it engages in the placement of clinical and
non-clinical healthcare professionals. Further, the company offers information
technology (IT) staff augmentation services, including help desk managers, IT
and project managers, business and systems analysts, software testers,
application developers, systems and database administrators, network
specialists, and technical writers and instructional designers for corporate IT
departments, IT consulting and software development companies, and technology
solution providers; employee counseling, pay rolling, and development programs;
and direct placement, right-to-hire, and short-term and long-term temporary
services.
The CSI Companies, Inc. was formerly known as Custom Staffing, Inc. and
changed its name in August 2007.
The company was founded in 1994 and is based in Jacksonville, Florida
with office locations in Orlando, Ft. Lauderdale, Tampa, Charlotte, Nashville,
and Dallas.
As of July 2, 2010, The CSI Companies, Inc. operates as a joint venture
of Recruit Co., Ltd. and Mitsui & Co. Ltd.
Last news:
On 10-31-2011, Raphael Sanson has been promoted to CEO of The CSI
Companies, Inc. Before the promotion, Sanson was chief financial officer of the
company. Before joining the company, Sanson was the corporate controller for
Fidelity National Information Services Inc. and the senior director of
accounting at Winn-Dixie Stores Inc. Sanson replaces Hitoshi Motohara, who will
remain on the company board of directors and will play an active role in
StaffMark, the company's parent's newest acquisition.
EIN: 59-3270426
Staff: 100
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
The Company moved at that
location on 10-18-2011.
Maintains Branches located
in Orlando,
Ft. Lauderdale, Tampa, Charlotte, Nashville, and Dallas.
Shareholders:
Recruit Holdings Co., Ltd.
GranTokyo South Tower
1-9-2 Marunouchi
Chiyoda-ku
Tokyo, 100-6640
Japan
Recruit Holdings Co., Ltd. provides job
information services through magazines, Internet, and mobile communications in
Japan.
The company offers human resources services, such as helping in finding
part-time or temporary jobs; assistance with franchise and independent business
opportunities; and advice on changing jobs and right job search test, as well
as business solutions, including the planning and delivery of staff training
programs, support for career advancement, and consulting.
Mitsui & Co. Ltd.
2-1, Ohtemachi 1-chome
Chiyoda-ku
Tokyo, 100-0004
Japan
Mitsui & Co., Ltd., together with its subsidiaries, operates as a
general trading company. It engages in the wholesale, retail, and processing of
steel products; domestic sales, export, and import of steel products for
construction and other steel products; mining and sale of iron ore; sales and
trading of scrap, ferroalloys, and non-ferrous material products, and others.
Management:
Mr. Raphael Sanson has been the Chief Executive Officer of CSI Companies
Inc., since October 31, 2011 and served as its Chief Financial Officer from
2005 to October 31, 2011.
Mr. Sanson joined CSI in 2005 after successful Controllership stints
with two Fortune 500 companies, Fidelity and Winn Dixie. Since his addition to
CSI, Mr. Sanson has been actively involved in growing CSI's finance and
accounting business and an active leader in the Financial Solutions practice.
He is also Director and Secretary of the Company.
Hitoshi MOTOHARA is the Chairman and Director.
Mr. Hitoshi Motohara serves as Chairman and Chief Executive Officer of
Prompt Holdings. Mr. Motohara serves as a Corporate Senior Vice President of
Recruit Holdings Co.,Ltd. Mr. Motohara has been Chairman at The CSI Companies,
Inc., since 2010 and also served as its Chief Executive Officer. He is
responsible for determining and formulating policies and overall direction of
CSI in connection with business strategy, financial accounting, organizational
structure, human resources, operations and investments. He joined Recruit
Holdings Co.,Ltd., in 1983 and served as a Sales and Marketing Associate.
Mr. Motohara served as a Corporate Vice President of Recruit Holdings
Co.,Ltd. He joined The CSI Companies in 2010.
He serves as a Director at The CSI Companies, Inc.
He graduated from Hiroshima Shudo University, School of Law.
Shunichi MAKITA is Director and CFO
Hiroshi DATE is Director and Treasurer
Yoshiki HIRABAYSHI is Director.
As far as we know, they are involved in other corporations, including:
CSI AGENCY, LLC
9995 North Gate Parkway, Ste 100, Jacksonville, FL 32246
Incorporated in Florida on 07-10-2008
ID# L08000066660
In United States, privately
held corporations are not required to publish any financials.
On April 8, 2012, The CSI Companies, Inc. announced revenue results for
the year 2011. For the year, the company announced revenue increased 51% over
2010. While the company enjoyed double-digit revenue increases in all
divisions, a majority of the growth occurred in its CSI Tech Staffing and
Solutions and CSI Healthcare IT divisions.
Sales declared for year 2011 is in the range of USD 5,200,000=
Banks: Branch Banking and Trust Company
200 W.
Forsyth Street, Ste 200, Jacksonville, FL 32202
Phone:
(904)361-5200
Fax: (904)361-5289
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File number: 201206931726
Date filed: 06-12-2012
Lapse date: 06-12-2017
Secured Party: Branch
Banking and Trust Company
200
W. Forsyth Street, Ste 200, Jacksonville, FL 32202
File number: 201003275646
Date filed: 09-24-2010
Lapse date: 09-24-2015
Secured Party: Branch
Banking and Trust Company
200
W. Forsyth Street, Ste 200, Jacksonville, FL 32202
File number: 200809215886
Date filed: 09-23-2008
Lapse date: 09-23-2013
Secured Party: Branch
Banking and Trust Company
200
W. Forsyth Street, Ste 200, Jacksonville, FL 32202
File number: 200807877806
Date filed: 03-17-2008
Lapse date: 03-17-2013
Secured Party: Banc of
America Leasing & Capital LLC
PO
Box 7023, Troy, MI 48007
File number: 20080809807X
Date filed: 04-16-2008
Lapse date: 04-16-2013
Secured Party: Banc of
America Leasing & Capital LLC
PO
Box 7023, Troy, MI 48007