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Report No. : |
343165 |
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Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
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Name : |
STULLER, INC. |
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Registered Office : |
302 Rue Louis XIV, Lafayette, LA 70508 |
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Country : |
United States |
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Date of Incorporation : |
12.11.1970 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is manufacturer and distributor of jewelry and jewelry-related
products |
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No. of Employee : |
1,400+ |
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. 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.
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Source
: CIA |
STULLER, INC.
302 Rue Louis XIV, Lafayette, LA 70508 - USA
Telephone: +1
337-262-7700
Fax: +1 337-981-1655
Website: www.stuller.com
Corporate ID#: 29211090D
State: Louisiana
Judicial form: Corporation – Profit
Date incorporated: November
12, 1970
Stock: -
Value: -
Matthew G. STULLER Sr.
Business:
Stuller, Inc. is a just-in-time manufacturer and distributor of jewelry
and jewelry-related products to jewelry professionals worldwide.
It offers products in the categories of bridal and finished jewelry,
mountings, findings, diamonds, gemstones, metals, tools, supplies, and
packaging. The company also distributes/wholesales jewelry products.
It offers its products online. Stuller, Inc. was formerly known as
Stuller Settings, Inc. and changed its name to Stuller, Inc. in July 2001.
The company was founded in 1970 and is based in Lafayette, Louisiana.
Stuller has locations in Chattanooga, Tennessee; Houston, Texas;
Toronto, Canada; Davenport, Iowa; Merdia, Mexico; Ramat Gan, Israel; and
Bangkok, Thailand.
Matthew Stuller, the founder of Stuller, has been recognized
individually with the Inc. Magazine Entrepreneur of the Year award for
wholesale distribution in the state of Louisiana.
Stuller is one of the leading manufacturers and distributors of jewelry
and jewelry-related products. From nearly 600,000 square feet of manufacturing
and administrative facilities in Lafayette, La., Stuller offers just in time
delivery for more than 300,000 different items to more than 50,000 jewelry
professionals, throughout North America and the world.
The company received the United States Senate Productivity Award for
Louisiana for its achievement in productivity and quality improvement. It also
received the Lantern Award from the Louisiana Board of Commerce and Industry
for economic and civic contributions to the state.
Suppliers include:
SHAFA TOOLS
Amin Building 65, Ebrahim Rahimtulla road, Mumbai MH 400003 – India
EIN: 72-0694251
Staff: 1,400+
Operations & branches:
At the headquarters, we
find a factory, warehouse and office, owned.
Stuller maintains branches in Chattanooga, Tennessee; Houston, Texas;
Toronto, Canada; Davenport, Iowa; Merida, Mexico; Ramat Gan, Israel; and
Bangkok, Thailand.
Shareholders:
Matthew G. STULLER Sr. is a
major shareholder.
Management:
Mr. Matthew Gordy Stuller, Sr., founded Stuller Inc. in 1972 and served
as its Chief Executive Officer.
Mr. Stuller also serves as Director New Orleans Branch at Federal
Reserve Bank of Atlanta. He serves as the Chairman of Stuller, Inc. He serves
as a Member of the Board of Governors at Gemological Institute of America.
He attended Lady Fatima High School, where in his junior year he began
an afterschool job doing part-time work for a local jeweler. Within a year, he
had worked his way into the business of doing jewelry repair and sales, and in
his senior year he began his own business in a corner office of his father's
orthodontic suite. At the age of 19, he developed his first wholesale line and
began traveling the state of Louisiana developing business connections.
Frustrated with the industry's slow delivery and service, he developed a
business philosophy and program of supplying quality merchandise and service
with next day delivery.
Mr. Stuller is a member of the Young President Organization, the Sons of
the American Revolution, and the 24 Karat Club of the Southeastern United
States; Member of the Board of Directors, The Jewelers Vigilance Committee;
Member of the Board, Jewelry Information Center; Member of the Board of
Directors of the University of Southwestern Louisiana Foundation; Board Member,
U.S. Senate Productivity and Innovation Award; and Member, GIA Vision 2000. His
past memberships include Member of the Board of Directors, Jewelers Board of
Trade; and Member of the Board, Greater Lafayette Chamber of Commerce. Awards
and honors he has received include the 1995 Entrepreneur Of The Year award in
the Wholesale/Distribution category in the state of Louisiana, which qualified
him to become a National Entrepreneur Of The Year award winner. He also earned
the Eagle Scout award from the Boy Scouts of America.
George Daniel CLARK is the President and Director.
He has been an Executive Vice President of manufacturer's supply chain
division of Stuller, Inc. since October 2009.
Mr. Clark served as Vice President at Circuit City.
As far as we know, they are not involved in other local corporations.
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 120,000,000= verse
USD 117,000,000= in 2013.
The business is profitable.
Banks: JPMorgan Chase Bank
HSBC Bank
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.