|
Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CMD CORPORATION |
|
|
|
|
Registered Office : |
2901 East Pershing Street, Appleton, WI 54911 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
11.03.1980 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Designs and manufactures converting equipment for the flexible
packaging and blown film industries. |
|
|
|
|
No. of Employees : |
110 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 $48,100. 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. 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 increased another 50% between 2006 and 2008. In 2008, soaring oil prices threatened inflation and caused a deterioration in the US merchandise trade deficit, which peaked at $840 billion. In 2009, with the global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic demand declined, but in 2011 the trade deficit ramped back up to $803 billion, as oil prices climbed once more. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit 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; total government revenues from taxes and other sources are lower, as a percentage of GDP, than that of most other developed countries. The wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the US budget deficit and public debt - through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform bill 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 inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, sizable current account and budget deficits - including significant budget shortages for state governments - energy shortages, and stagnation of wages for lower-income families.
Source
: CIA
Company name: CMD CORPORATION
Address: 2901 East Pershing Street, Appleton, WI 54911
- USA
Telephone: +1 920-730-6888
Fax: +1 920-730-6880
Website: www.cmd-corp.com
Corporate ID#: 1C16700
State: Wisconsin
Judicial form: Corporation – Profit
Date incorporated: March
11, 1980
Stock: -
Value: -
Name of manager: Stephen P. SAKAI
Business:
CMD Corporation designs and manufactures converting equipment for the
flexible packaging and blown film industries.
It provides drawtape, star seal, rotary, and bottom seal bag machines;
pouch machines; bag and film winders; bag folders; rolled and folded packaged
automation products; surface and centre driven unwinds; bubble post gutter and
slit sealers; sin wave and rotary die cutters and puncture products; and
service and parts.
The company was founded in 1980 and is based in Appleton, Wisconsin.
EIN: 39-1353046
Staff: 110
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains a
R&D center located:
3005 E. Pershing Street
Appleton, WI 54912
Shareholders:
Stephen P. SAKAI is one
shareholder.
Management:
Stephen P. SAKAI is the President, Director and CEO
Mr. Sakai served as Vice President, Performance Packaging for Appleton
Papers Inc., a holding company of Paperweight Development Corp. from October 2003
to January 2006. Mr. Sakai served as Vice President, New Business Development
of Appleton Papers Inc. from March 2001 to October 2003. He served as Vice
President and General Manager, Thermal from 1999 to March 2001, as Executive
Director of Sales and Marketing for the Coated Free Sheet Business from 1997 to
1999 and held other management positions with the Coated Free Sheet Business
from February 1996 to October 1997. Prior to joining Appleton Papers he held a
variety of positions in Finance, Sales and Marketing with Scott Paper from 1976
to 1996.
Mr. Sakai received a BA from the University of Washington in 1975 and he
received an MBA from the University of Puget Sound Business School in 1982.
Ron Buchinger, Director of Operations
He has been Director of Operations at CMD Corporation since 2006.
Mr. Buchinger has been with CMD since 1988 and has more than 22 years
experience in manufacturing operations, and technical service in the converting
and packaging equipment industry. He is a member of Senior Staff and is
responsible for the overall operational leadership, management, and growth of
CMD Corporation. He served as Director of Continuous Improvement from 2005 to
2007, Director of Technical Services from 1997 to 2005, Director of Product
Development and Technical Services from 2003 to 2004 and Production Supervisor
from 1988 to 1997 at CMD Corporation. Mr. Buchinger's memberships include
Society of the Plastics Industry (SPI) and Packaging Machinery Manufacturers
Institute (PMMI).
He holds Supervisory Management Degree from American Management
Association in 1996 and Fluid Power Maintenance Degree from Fox Valley
Technical College in 1987.
Mr. David D. Pierre, Dave, CPA has been the Chief Financial Officer of
CMD Corporation since 2008.
Subsidiaries
And partnership: None
In United States and
Canada, privately held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2011 is in the range of USD 30,000,000+
The business is said to be
profitable.
Banks: Associated Bank
200 N. Adams Street, Green Bay, WI 54307
Ph: 920-433-3200
Legal filings & complaints:
State: Nevada
Case number: 3:12-cv-00002-LRH -WGC
Plaintiff: Nextep, Inc.
Defendant: CMD Corporation
Larry R. Hicks, presiding
William G. Cobb, referral
Date filed: 01/04/2012
Date of last filing: 09/13/2012
Secured debts summary (UCC):
File number: 110001749930
Date filed: 02-10-2011
Lapse date: 02-10-2016
Secured Party: American
Industrial Leasing Company
PO
Box 683, Brookfield, WI 53008
File number: 020010955929
Date filed: 06-06-2002
Lapse date: 06-06-2017
Secured Party: Associated
Bank
200
N. Adams Street, Green Bay, WI 54307
File number: 07501827811
Date filed: 03-01-1999
Lapse date: 03-01-2014
Secured Party: Associated
Bank
100
W. Wisconsin Avenue, Neenah, WI 54957