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Report No. : |
327687 |
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Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
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Name : |
HILL-ROM COMPANY, INC. |
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Registered Office : |
1069 State Road 46 E., Batesville, IN 47006 |
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Country : |
United States |
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Year of Establishment : |
1975 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is engaged in the manufacture and distribution of patient care
equipment |
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No. of Employee : |
910 |
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. 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 |
HILL-ROM COMPANY, INC.
1069 State Road 46 E., Batesville, IN 47006 – USA
Telephone: +1
812-934-7777
Fax: +1 812-934-8189
Website: www.hill-rom.com
Corporate ID#: 198112-634
State: Indiana
Judicial form: Corporation – Profit
Date incorporated: 12-22-1981
Date founded: 1975
Stock: -
Value: -
John J. GREISCH
Business:
Hill-Rom Company, Inc. engages in the manufacture and distribution of
patient care equipment.
The company's products and services include patient care beds,
stretchers, therapeutic surfaces and devices, patient flow and workflow
solutions, nurse communication systems, headwalls, and facility assessments.
The company also provides asset management programs and on-demand
medical equipment rental services through its services centers in the United
States. It serves health care facilities in the United States, the
Asia-Pacific, and internationally.
The company was founded in 1975 and is headquartered in Batesville,
Indiana. It has research and development facilities in Singapore.
Hill-Rom Company, Inc. operates as a subsidiary of Hill-Rom, Inc. and
Advanced Respiratory, 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 suppliers listed.
The Company exports to Central and South America.
EIN: -
Staff: 910
Operations & branches:
At the headquarters, we find
the corporate headquarters of the group.
The Company maintains
several manufacturing facilities in the U.S.
HILL-ROM, INC.
1069 State Road 46 E., Batesville, IN 47006
ADVANCED RESPIRATORY, INC.
1069 State Road 46 E., Batesville, IN 47006
Both are wholly owned subsidiaries of:
HILL-ROM HOLDINGS, INC.
1069 State Road 46 E., Batesville, IN 47006
Hill-Rom Holdings, Inc. manufactures and provides medical technologies
and related services for the health care industry in North America and
internationally. It offers patient support system, safe mobility and handling
solutions, medical equipment rental services, and information technology
solutions, as well as non-invasive therapeutic products for acute and chronic
medical conditions. The company rents and sells patient support systems, which
include various bed systems, and integrated and non-integrated therapeutic bed
surfaces for use in high, mid, and low acuity settings; and non-invasive
therapeutic products and surfaces for prevention and treatment of various acute
and chronic medical conditions, including pulmonary, wound, and bariatric
conditions.
It also provides rentals and health care provider asset management
services for moveable medical equipment, such as ventilators, defibrillators,
intravenous pumps, and patient monitoring equipment; mobility solutions,
including lifts and other devices used to safely move patients; architectural
products comprising headwalls and power columns; and health care furniture
solutions. In addition, the company develops and markets various communications
technologies and software solutions primarily to improve patient safety; and
surgical products, including a range of positioning devices for use in
shoulder, hip, spinal, and lithotomic surgeries, as well as platform-neutral
positioning accessories for operating room tables.
It sells its products primarily to acute and extended care health care
facilities through direct sales force and distributors. The company was
formerly known as Hillenbrand Industries, Inc. and changed its name to Hill-Rom
Holdings, Inc. in March 2008. Hill-Rom Holdings, Inc. was founded in 1969 and
is headquartered in Batesville, Indiana.
The Company is listed with the NYSE under symbol HRC.
Revenue for fiscal year ending September 2014: USD 1,686,100,000=
Net profit: USD 60,600,000=
John J. GRIESCH is the President, Director and CEO of the group.
Mr. John J. Greisch has been the Chief Executive Officer and President of
Hill-Rom Holdings, Inc. and Hill-Rom Canada Ltd. since January 8, 2010.
Mr. Greisch has 30 years of corporate finance and operational leadership
experience. Mr. Greisch served as the President of International Operations and
Corporate Vice President of Baxter International Inc. from May 2006 to May 1,
2009. Mr. Greisch served as a Vice President of Tisco, Inc.
Mr. Greisch served as the Chief Financial Officer of Baxter
International Inc., since June 21, 2004 and served as its Principal Accounting
Officer. He served as Senior Vice President of Baxter International Inc., since
July 2004.
He also served as the President of BioScience of Baxter International
Inc., since January 2004. He served as Corporate Vice President of Baxter World
Trade Corporation and Baxter Healthcare Corporation from January 2004 to July
2004. Mr. Greisch served as a Vice President of Finance and Strategy for the
BioScience business. He joined Baxter in 2002, as a Vice President of Finance
for Baxter's Renal business. He served as President and Chief Executive Officer
of FleetPride Corporation. Mr. Greisch served as President and Chief Executive
Officer of FleetPride Corporation, after completing a distinguished 11-year
career at The Interlake Corporation, serving in a variety of roles, including
Chief Financial Officer, Treasurer, President of its largest business and
president of its European operations/Materials Handling Group.
He began his business career with Price Waterhouse. He has been a
Director of Hill-Rom Holdings, Inc. since January 8, 2010. He served as a
Director of TomoTherapy Incorporated since January 31, 2008 until January 8,
2010.
He is a Certified Public Accountant. Mr. Greisch received a Bachelor's
degree in Business Administration from Miami University at Ohio and a Master's
degree in Management from Northwestern University's J.L. Kellogg Graduate
School of Management.
Susan Ruth LICHTENSTEIN is Director and Secretary.
Michael S. MACEK is the Treasurer.
Subsidiaries:
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- Hill-Rom International, Inc. |
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- MEDIQ/PRN Life Support Systems, LLC |
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- Hill-Rom Logistics, LLC |
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report and confirmed that all
financials are consolidated into HILL-ROM HOLDINGS, INC.
(10K 2013-2014 on attachment)
Banks: Union Bank, N.A
Harris Trust and Savings Bank
Citibank
Legal
filings & complaints:
State: New York
Case number: 1:14-cv-00263-WMS-LGF
Plaintiff: Sandra Jacobell
Defendant: Hill-Rom Company, Inc.
William M. Skretny, presiding
Leslie G. Foschio, referral
Date filed: 04/11/2014
Date of last filing: 03/18/2015
State: Michigan
Case number: 1:15-cv-00237-RJJ
Plaintiff: Jeremy Potter
Defendant: Hill-Rom Company, Inc. et al.
Robert J. Jonker, presiding
Date filed: 03/06/2015
Date of last filing: 06/17/2015
State: Texas
Case number: 5:15-cv-00032-FB
Plaintiff: Universal Hospital Services, Inc.
Defendant: Hill-Rom Company, Inc. et al
Fred Biery, presiding
Date filed: 01/13/2015
Date of last filing: 06/12/2015
Secured debts
summary (UCC):
There are several UCC files listed, including:
File number: 200300001770666
Date filed: 02-27-2003
Lapse date: 02-27-2018
Secured Party: Omnova
Solutions Inc.
175
Ghent Road, Fairlawn, OH 44333
File number: 201200008033049
Date filed: 08-31-2012
Lapse date: 08-31-2017
Secured Party: OCE
Financial Services, Inc.
5450
North Cumberland, Chicago, IL 60656 and others.