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Report No. : |
331025 |
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Report Date : |
15.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BERLE MANUFACTURING COMPANY |
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Registered Office : |
1549 Folly Road, Charleston, SC 29412 |
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Country : |
United
State |
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Date of Incorporation : |
07.24.1946 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures trousers for men |
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No. of Employees : |
28 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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United
State |
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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 STATE - ECONOMIC OVERVIEW
The US has the most technologically powerful
economy in the world, with a per capita GDP of $54,800. In 2014, however, US
GDP ran second to China’s, when compared on a Purchasing Power Parity basis; the
US lost the top spot, where it had stood for more than a century. 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. 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 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, has put additional downward pressure on wages and upward
pressure on the returns 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. 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, 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. In 2012, the federal
government reduced the growth of spending and the deficit shrank to 7.6% 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 2014, the direct costs of the wars totaled
more than $1.5 trillion, 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 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. 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.
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Source
: CIA |
Company name: BERLE MANUFACTURING COMPANY
Address: 1549 Folly Road, Charleston, SC 29412 – USA
Telephone: +1 843-762-7150
Fax: +1 843-762-7151
Website: www.berle.com
Corporate ID#: South
Carolina does not issue organization ID number.
State: South
Carolina
Judicial form:
Corporation – Profit
Date incorporated: 07-24-1946
Stock: -
Value: -
Name of manager: Robert STINE
Business:
Berle Manufacturing Company, Inc. manufactures trousers for men.
The company offers its products through fine retail outlets in the
United States. Berle Manufacturing Company, Inc. was founded in 1946 and is
headquartered in Charleston, South Carolina.
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.
No name of foreign suppliers available.
EIN: 57-0286656
Staff: 28
At the headquarters, we
find a factory, warehouse and office, owned.
Shareholders:
This is a private Company.
Herbert BELINSKY is the
founder.
Management:
Robert STINE has been President of Berle Manufacturing Company since
1982.
In this role Mr. Stine oversees all administrative and manufacturing
operations of Berle Manufacturing Company. He is a member of the Charleston
Metro Chamber of Commerce, the Exchange Club of Charleston and the Executive
Committee of the Coastal Carolina Council of Boy Scouts.
Mr. Stine holds a bachelor's degree in business administration from the
College of Charleston.
Eric KRAWCHECK serves as Executive Vice President and Chief Operating
Officer of Berle Manufacturing Company. Mr. Krawcheck is responsible for
managing sales and merchandising for Berle. He joined Berle Manufacturing in
2001, since then has taken Berle from a national specialty store supplier to a
national department store supplier, helps secure many nationally-recognized
clients. Prior to Berle, Mr. Krawcheck served as a Partner in Max's Men's Store
in Charleston, S.C., also a family business. He spent 12 years in the retail
industry, served at Nordstrom, as men's tailored clothing manager, men's
tailored clothing buyer and store manager for two New Jersey stores.
Mr. Krawcheck holds a bachelor's degree in business from the University
of South Carolina and is active in the Charleston Jewish Federation Young
Leadership Program.
As far as we know, they are involved in other corporations, including:
BERLE SALES COMPANY
Incorporated in South Carolina on 06-15-1966
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
However, sales estimate for
year 2014 is in the range of USD 3,000,000=
The business is said to be
profitable.
Banks: First Citizens Bank
462 Folly Rd,
Charleston, SC 29412
Ph:+1 843-762-1891
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None