|
Report No. : |
348679 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYDRANAUTICS |
|
|
|
|
Registered Office : |
401 Jones Road, Oceanside, CA 92058 |
|
|
|
|
Country : |
United State |
|
|
|
|
Date of Incorporation : |
30.06.1975 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Subject develops and manufactures membrane products for the water
treatment industry. |
|
|
|
|
No. of Employee : |
275 + part time |
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 : |
Slow but correct |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United State |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. 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.
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. 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.
|
Source
: CIA |
Company name: HYDRANAUTICS
Address: 401 Jones
Road, Oceanside, CA 92058 - USA
Telephone: +1
760-901-2500
Fax: +1 760-901-2578
Website: www.membranes.com
Corporate ID#: C0739226
State: California
Judicial form: Corporation – Profit
Date incorporated: 06-30-1975
Stock: --
Value: --
Name of manager: Brett
ANDREWS
Business:
Hydranautics develops and manufactures membrane products for the water
treatment industry in the United States and internationally.
It offers HYDRAcap MAX that provides treatment to reverse osmosis and
nanofiltration of water; ESNA1-LF, nanofiltration membranes, which are used for
softening applications and the removal of pesticides, bacteria, and viruses;
energy-saving polyamide membranes; CPA membranes that provide salt rejection
rates; seawater composite membranes, which are used for seawater desalination;
low fouling composite membranes that reduce fouling in wastewater and
surface water; and HYDRAcap, which is
used to treat surface, ground, sea, and waste water. The company also provides
DairyRO membranes that are used for pre-concentrating milk and whey,
concentrating whey UF permeate, and polishing whey and milk RO permeate for
plant reuse; and SanRO Membrane, which is used in USP water purification
systems.
In addition, it offers DairyUF membranes for fractionating, purifying,
and dewatering of milk and cheese whey; and for whey protein concentration
before evaporating and spray-drying. The company’s products are used in various
applications in potable water, boiler feedwater, industrial process water,
wastewater and surface water treatment, seawater desalination, electronic rinse
water, agricultural irrigation, and pharmaceuticals.
It offers its products through distributors in Europe, India, Africa,
Belgium, Holland, Czech Republic, Slovak Republic, Switzerland, Germany,
Israel, Italy, Portugal, Spain, Turkey, Saudi Arabia, the Middle East, the
Russian Federation, and the United States.
Hydranautics, Inc. was founded in 1963 and is based in Oceanside,
California with additional offices in North America, Central/South America,
Europe, India, Pakistan, the Russian Federation, Turkey, Israel, the Middle
East, and the Asia Pacific.
Hydranautics operates as a subsidiary of Nitto Denko Corp.
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:
HATTORI TAKESHI CO., LTD.
2-16-8,NISHIKI, NAKA-KU NAGOYA 480-0003 JAPAN
EIN: 95-2949422
Staff: 275 + part time
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
The Company maintains
several branches in the U.S.
Shareholders:
NITTO DENKO AMERICA INC.
Fremont, CA 94538 – USA
which is a subsidiary of:
NITTO DENKO CORPORATION
Grand Front Osaka, Tower A, 32-33 Floor, 4-20, Ofuka-cho
Kita-ku, Osaka, 530-0011, Japan
Management:
Brett ANDREWS has been Chief Executive Officer and Managing Director of
Hydranautics in October 2013.
He served as its Vice President of Sales & Marketing, President and
Chief Operating Officer. Mr. Andrews has over 18 years of experience in the
water treatment chemical field. He served as Global Business Manager for
Nalco's membrane strategic business unit.
Mr. Andrews is a graduate of Thames Valley University, UK (Chemistry)
and North London University, UK (Polymer Technology).
K. Scott JACKSON serves as Vice President of Business Operations.
He held senior management roles in the desalination and membrane
application industry for more than 24 years, with extensive experience in new
and emerging technology companies.
Mr. Jackson began his professional career in the U.S. House of
Representatives where he served as Senior Legislative Analyst active in a
variety of public policy issues.
Subsidiaries
And partnership: None
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 150,000,000=
The business is profitable.
Banks: Bank of America
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary (UCC):
There are several UCC files listed in California including:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|