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Report No. : |
345697 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
JYOTI AMERICAS LLC |
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Registered Office : |
3575 Pollock Drive, Conroe, TX 77303 |
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Country : |
United State |
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Date of Incorporation : |
11.09.2009 |
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Legal Form : |
LLC |
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Line of Business : |
The Company has commissioned a tower manufacturing shop in a 20-acre
site in Conroe Industrial Park North, about 40 miles north of Houston, TX. |
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No. of Employee : |
130 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
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 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: JYOTI AMERICAS LLC
Address: 3575 Pollock Drive,
Conroe, TX 77303 - USA
Telephone: +1
936-523-4700
Principal office: 200 River Pointe Drive,
Ste 242, Conroe, TX 77304 - USA
Telephone: +1
936-649-1022
Fax: +1
936-230-5117
Website: www.jyotiamericas.com
Corporate ID#: 4729951
State: Delaware
Judicial form: LLC
Date incorporated: September
11, 2009
Stock Value: A
LLC has no stock
Name of manager: Prakash
K. THAKUR
Business:
The Company has commissioned a tower manufacturing shop in a 20-acre
site in Conroe Industrial Park North, about 40 miles north of Houston, TX.
It has eleven of the fastest and most advanced CNC angle and plate punch
and drill lines ensuring an annual capacity of about 54,000 tons.
The galvanizing plant is the most modern and environment- friendly in
the Americas, if not in the world.
Material flow, from pickling through galvanizing and dulling is computer
controlled. This lattice tower shop is the most advanced facility on US soil,
employing US labor.
US Customers include ISOLUX CORSAN, SGD&E, and others.
Suppliers
include:
PRESS WELL HYDRAULICS
Atika Industrial Area, Street no 18, Rajkot, India
Texas taxpayer ID: 32042719479
Staff: 130
Operations & branches:
In Pollock Drive, we find a
manufacture and warehouse, owned, on
220,000 sq.ft.
Shareholders:
JYOTI HOLDINGS INC.
c/o Corporation Service Company
2711 Centerville Rd, Suite 400, Wilmington, DE 19808 - USA
Which is a subsidiary of:
JYOTI STRUCTURES LIMITED
6th Floor, Valecha Chambers
New Link Road, Andheri (W)
Mumbai, 400053, India
Management:
Prakash K. THAKUR is the President and Director.
Mr. Prakash K. Thakur, B E (Civil), MBA (Fin) has been an Executive Vice
Chairman of Jyoti Structures Ltd. since April 1, 2010 and has been its a whole-time
Director since July 26, 2007. Mr. Thakur holds Civil Engineer from the
University of Mumbai and also holds a Masters of Business Administration (MBA)
in Finance from Carnegie Mellon University, USA.
He is also executive Vice Chairman of JYOTI STRUCTURES LIMITED (India).
Deepak LAKHPATI is Director and CEO.
Kalpesh KIKANI is Director.
Subsidiaries
And partnership: None
In United States, privately
held corporations are not required to publish any financials.
Outside sources (bank) gave
estimate sales for year 2014 in excess of
USD 10,000,000=
The business is profitable.
Banks: Amegy Bank
3020 Interstate 45
Frontage Road, Conroe, TX 77303
Ph: +1 936-442-7157
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None