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Report No. : |
356595 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CTB, INC. |
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Registered Office : |
611 N. Higbee Street, Milford, IN 46542 |
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Country : |
United States |
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Date of Incorporation : |
09.22.1995 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is designers and manufacturers of agricultural systems. |
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No. of Employee : |
1,200 |
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 : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 most technologically powerful economy in the world, with a per capita GDP of $54,800. 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, they 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 nearly 55% 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.
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, 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 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. 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 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to 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.
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%. In late 2013, the Fed announced that it would begin scaling
back long-term bond purchases to $75 billion per month in January 2014 and
reduce them further as conditions warranted; the Fed ended the purchases during
the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and
continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since
before the global recession began; inflation stood at 1.7%, and public debt as
a share of GDP continued to decline, following several years of increase.
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Source
: CIA |
This is an assumed name registered in Indiana on April 5, 2005, owned
by:
CTB, INC.
Address: 611 N. Higbee Street,
Milford, IN 46542 - USA
Telephone: +1
574-658-4191
Fax: +1
574-658-3471
Website: www.ctbinc.com
Corporate ID#: 1995091067
State: Indiana
Judicial form: Corporation – Profit
Date incorporated: 09-22-1995
Date founded: 1952
Stock: -
Value: -
Name of manager: Victor
A. MANCINELLI
Business:
Founded in 1952, CTB is one of the world’s leading designers and
manufacturers of agricultural systems.
The company serves the poultry, hog, egg production and grain
industries.
Its product line includes brooders, egg collectors, feeders, grain
dryers, nests and incinerators. The company also offers grain spreaders, weigh
systems, winches, watering equipment and hog sorters.
CTB maintains several locations in the United States and Europe.
It markets products under the trade names of Roxell, Fancom, ProTerra,
Shenandoah, Uniqfill and Brock.
CTB additionally provides mushroom cultivation and composting systems.
The company is using the following registered business names:
- CTB LOGISTICS
- BEARD INDUSTRIES
- CTB ADVERTISING
- BROCK MANUFACTURING GRAIN CONDITIONING GROUP
- CHORE-TIME EGG PRODUCTION SYSTEMS
- CHORE-TIME EGG PRODUCTION
- CHORE-TIME HOG PRODUCTION SYSTEMS
- CHORE-TIME POULTRY PRODUCTION SYSTEMS
- CHORE-TIME POULTRY PRODUCTION
- CHORE-TIME BROCK INTERNATIONAL
- BROCK GRAIN SYSTEMS
- BROCK INDUSTRIAL SYSTEMS
- PIGTEK PIG EQUIPMENT GROUP
- SHORE SALES COMPANY
- SHORE SALES COMPANY, A DIVISION OF CTB, INC.
- SHORE MEASURING SYSTEMS, A DIVISION OF CTB, INC.
- SHORE MEASUTING SYSTEMS
- CHORE-TIME GROUP
- CHORE-TIME
- PIGTEK
- PIGTEK AMERICAS
Office of the Foreign
Assets Control (OFAC):
The company is not listed on the OFAC list.
The Specially Designated Nationals (SDN) List is a publication of OFAC
which lists individuals and organizations with whom United States citizens and
permanent residents are prohibited from doing business.
Suppliers
include:
ROXELL NV
Industrielaan 13, 9990 Maldegem, Belgium
EIN: 35-1924285
Staff: 1,200
Operations & branches:
At the headquarters, we find a large warehouse, factory and office,
owned.
Shareholders:
BERKSHIRE HATAWAY INC.
3555 Farnam Street, Suite 1440
Omaha, NE 68131 - United States
Berkshire Hathaway, Inc. is a publicly owned
investment manager.
Through its subsidiaries, the firm primarily
engages in the insurance and reinsurance of property and casualty risks
business.
Berkshire Hathaway was founded in 1889 and
is based in Omaha, Nebraska.
The Company is listed with the NYSE under
symbol BRK.
Its President is the multi-billionaire
Warren BUFFET.
Management:
Victor A. MANCINELLI is the CEO.
Mr. Victor A. Mancinelli has been a Director of CTB, Inc. since 1999 and
serves as Member of the Executive and Nominating Committee and has been
President and Chief Executive Officer of CTB, Inc. since April 1999.
Mr. Mancinelli was Executive Vice President
and Chief Operating Officer of Gehl Company (NASDAQ) from November 1992 to
April 1999.
Douglas J. NIEMEYER is the President and COO
Present here since 01-01-2014
Prior to that, Mr. Niemeyer served as an Executive Vice President and
General Manager of Brock Grain Systems Business Unit at CTB International Corp.
He served as Vice President of Egg Production Systems at CTB International
Corp.
Randy S. EVELER and William MABEE are Vice President.
Michael J. KISSANE is Secretary.
As far as we know, they are involved in other corporations, including:
- CTB INTERNATIONAL CORP.
- SHENANDOAH MANUFACTURING COMPANY INC
and others.
In United States, 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 2014
is in the range of USD 120,000,000=
The business is profitable.
Banks: Bank of America
Legal filings
& complaints: None
Secured debts
summary (UCC): Several