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Report No. : |
325921 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ARC GROUP WORLDWIDE, INC. |
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Registered Office : |
810 Flightline Blvd, Deland, FL 32724 |
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Country : |
United States |
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Date of Incorporation : |
30.09.1987 |
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Legal Form : |
Public Company |
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Line of Business : |
Subject is manufactures and sells precision components, flanges,
fittings, and wireless equipment |
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No. of Employee : |
700 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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. 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 |
ARC GROUP
WORLDWIDE, INC.
810 Flightline Blvd, Deland, FL 32724 – USA
Telephone: +1
386-736-4890
Fax: +1
Website: www.arcgroupworldwide.net
Corporate ID#: 979224-0142
State: Utah
Judicial form: Public Company (Nasdaq = ARCW)
Date incorporated: 09-30-1987
Stock: 18,530,121
shares issued and outstanding (as of May 7 2015)
Value: USD
0.0005= par value
Name of manager: Jason
Taney YOUNG
Business
ARC Group Worldwide, Inc. manufactures and sells precision components, flanges,
fittings, and wireless equipment in the United States and internationally.
It operates in four segments: Precision Components Group, 3DMT Group,
Flanges and Fittings Group, and Wireless Group. The company offers engineered
fabricated metal components using processes consisting of metal injection
molding, metal stamping, and the hermetic sealing of various components for
medical/dental devices, firearms and defense, automotive, aerospace, consumer
durables, and electronic devices industries. It also provides plastic injection
and in house moldings and tooling products, as well as high-density injection
molding components from magnesium alloys; and value-added secondary design and
production processing services. In addition, the company offers custom
machining products and flange facings; precision net shape metal components;
and 3D printing services.
Further, it designs and develops hardware products, including antennas,
radios, and related accessories that are used in broadband and other wireless networks;
and serves public and private carriers, wireless infrastructure providers,
wireless equipment distributors, value added resellers, and other original
equipment manufacturers.
The company is based in Deland, Florida, with several branches in the U.S.
The Company is also using the following registered business names:
- PROWSWOOD’S CONCIERGE SERVICE
- ANTENNAS AMERICA, INC.
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: 87-0454148
Staff: 700
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains
branches located:
7040 Weld County Road 20
Longmont, CO 80504
33 South Pratt Parkway
Longmont, CO 80504
5301 East River Road, Suite 109
Minneapolis, MN 55421
8906 Frontier Street
Firestone, CO 80504
2381 Philmont Ave., Suite 125
Hungtingdon Valley, PA 19006
4111 Munson Road
Hudson, MI 49247
447 East Walnut Street
Wauseon, OH 43567
The Company is listed with the Nasdaq under symbol ARCW.
As of 03-31-2015, 6% of the stock was held by institutional and mutual
fund owners, including:
|
Keane Capital Management, Inc. |
0.75% |
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FMR, LLC |
0.74% |
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Vanguard Group, Inc. (The) |
0.70% |
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Gruber & Mcbaine Capital Management, LLC |
0.69% |
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Stifel Financial Corporation |
0.49% |
Jason Taney Young has been the Chief Executive Officer and President of
ARC Group Worldwide Inc. since August 7, 2013. Mr. Young co-founded ARC Group
Worldwide Inc. in 2008 and manages investments in various private equity fund
partnerships and associated investments. He has been the Managing Director at
Quadrant Management, Inc. since 2005, where he is responsible for making
private equity investments and overseeing numerous companies at the firm.
In 2008, Mr. Young co-founded Vanterra Capital LLC and has been a
Managing Partner since then. Mr. Young served as the Chief Executive Officer of
ARC Group Worldwide Inc. from November 2008 to August 2011. Mr. Young has been Chairman
of the Board at ARC Group Worldwide, Inc. since November 2008.
He served as the Chief Executive Officer at ARC wireless Solutions Inc.
from November 2008 to August 16, 2011, Secretary and Principal Accounting
Officer until August 16, 2011 and also served as its Chief Financial Officer.
From 2000 to 2005, Mr. Young worked for Merrill Lynch in the Investment
Banking Group and in the Global Principal Investment Group.
From 1999 to 2000, he was an Analyst at Helicon Capital Management.
Mr. Young has been the Chairman of Yola, Inc. since 2011 and serves as
its Director. He has been a Director of ARC Group Worldwide, Inc. since October
2, 2008. He held Director and Executive level positions at several portfolio
companies including Access Point Medical, LLC.
Mr. Young served as the Chairman of ARC Wireless Solutions Inc. since
November 2008 and its Director since October 2, 2008.
He holds a B.A. in International Economics from UCLA.
Drew M. KELLEY is the CFO and Director.
Other Directors include Gregory D. WALLIS, Eddie W. NEELY, and Todd A.
GRIMM.
TeknaSeal
LLC Florida
FloMet
LLC Delaware
General Flange & Forge
LLC Delaware
ARC Wireless,
Inc. Delaware
ARC Wireless,
LLC
Delaware
ARC Wireless,
Ltd. British Virgin Islands
Advanced Forming Technology, Inc. Colorado
AFT-Hungary
Kft. Hungary
ARC Metal Stamping,
LLC Delaware
3D Material Technologies,
LLC Delaware
Thixoforming
LLC Colorado
Advance Tooling Concepts,
LLC Colorado
Quadrant Metals Technologies
LLC Delaware
TubeFit
LLC Delaware
On May 11, 2015, Arc group worldwide, inc. reported consolidated
earnings results for the third quarter and nine months ended march 29, 2015.
The company reported third quarter total sales were $27,864,000 compared
with $20,930,000 a year ago. Income from operations was $1,733,000
compared with $3,272,000 a year ago. Income before income taxes was $395,000
compared with $2,992,000 a year ago. Net income attributable to arc group
worldwide, inc. Was $383,000 compared with $1,585,000 a year ago. Basic
and diluted income per share was $0.02 compared with $0.11 a year ago. EBITDA
(Non-GAAP) was $4,256,000 compared with $4,188,000 a year ago.
For the nine months ended march 29, 2015, the company reported, total
sales were $83,668,000 compared with $59,272,000 a year ago. Income from
operations was $4,498,000 compared with $7,725,000 a year ago. Income before
income taxes was $1,015,000 compared with $6,593,000 a year ago. Net income
attributable to arc group worldwide, inc. Was $499,000 compared with
$4,353,000 a year ago. Basic and diluted income per share was $0.03 compared
with $0.30 a year ago. Net cash provided by operating activities was $1,502,000
compared with $8,036,000 a year ago. Purchase of plant and equipment was
$4,236,000 compared with $2,623,000 a year ago.
On attachment:
- 10K 2013-2014
- 3rd 10Q 2015
Banks: Citizens Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC): 9
UCC files