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MIRA INFORM REPORT
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Report No. : |
500967 |
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Report Date : |
04.04.2018 |
IDENTIFICATION DETAILS
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Name : |
CALUMET REFINING, LLC |
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Registered Office : |
2780 Waterfront Pkwy E Dr, Ste 200, Indianapolis, In, 46214 |
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Country : |
United States |
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Date of Incorporation : |
09.01.2017 |
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Legal Form : |
Foreign Limited Liability Company |
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Line of Business : |
Manufactures and sells naphthenic lubricating oils, diesel fuel, asphalt,
aliphatic solvents, paraffinic lubricating oils, paraffin waxes, gasoline,
and jet fuel |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. 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, businesses 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. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US 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, 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. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
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.
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 Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - 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 further reduce them 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 increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
CALUMET REFINING, LLC |
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Trade Name: |
Calumet Specialty |
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ID: |
6522224 |
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Date Created: |
1916-Calumet group |
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Date
Incorporated: |
09/01/2017 |
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Legal Address: |
2780 WATERFRONT PKWY E DR, STE 200, Indianapolis, IN, 46214, USA |
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Operative
Address: |
2780 Waterfront Parkway East Drive Suite 200 Indianapolis, IN 46214 United States |
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Telephone: |
(317) 328-5660 |
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Fax: |
(800) 437-3188 |
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Legal Form: |
Foreign Limited Liability Company |
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Email: |
customerservice@clmt.com |
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Registered in: |
DELAWARE, USA |
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Website: |
www.calumetspecialty.com |
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Contact: |
Nichol McCroy |
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Staff: |
NA |
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Activity: |
NAICS 1: Petroleum Refineries |
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BANKS: |
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The company does not make its banking data public |
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HISTORY: |
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The company was incorporated in 2017. It operates as a subsidiary of
Calumet Operating, LLC. |
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PRINCIPAL
ACTIVITY
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It manufactures and sells naphthenic lubricating oils, diesel fuel,
asphalt, aliphatic solvents, paraffinic lubricating oils, paraffin waxes,
gasoline, and jet fuel |
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Products/Services
description: |
The company offers petrolatum products, including white petrolatum
USPs, petrolatum USPs, technical petrolatums, mineral jellies, and ointment
bases that are used in creams and lotions, dental adhesives, hair products,
topical ointments, lip balms, makeup products, petroleum gauzes, and
petroleum jellies; and white mineral oil products, which include white
mineral oil USP, light mineral oil NF, and technical mineral oil products for
use in baby oils, bath oils, creams and lotions, depilatories, hair products,
laxatives, makeup products, makeup removers, suntan oils, sunscreens, and
topical ointments. It also provides industrial white oils that are used in
plastics production, industrial and institutional cleaning, industrial, metal
processing, textile industry, and other applications. |
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Brands: |
NA |
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Sales are: |
Wholesale to distributors |
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Clients: |
BIOFACTOR SA, Vistony Compaia Industrial Del Peru Sociedad Anonima
Cerrada, Quent Chem |
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Suppliers: |
NA |
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Operations area:
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National and International |
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The company
exports to |
Ecuador, Peru, India |
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The subject
employs |
NA |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
2780 Waterfront Parkway East Drive Suite 200 Indianapolis, IN 46214 United States |
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Comments: |
NA |
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Branches: |
No branches found |
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Related
Companies: |
CALUMET PENRECO, LLC Calumet Lubricants Co., Limited Partnership Calumet Sales Company Incorporated |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the
stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Calumet Operating, LLC 2780 Waterfront Pkwy. E. Dr. Calumet Operating, LLC operates as a subsidiary of: Calumet Specialty Products Partners, L.P. 2780 Waterfront Pkwy. E. Dr. |
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Management: |
Nichol McCroy Timothy Go, Chief Executive Officer of Calumet GP LLC |
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FINANCIAL
INFORMATION
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The company does
not make its financial statements public.
Despite our long
search, we could not confirm financial figures for the subject. |
LEGAL
FILINGS
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Patents |
NA |
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Trademarks: |
CALUMET REFINING, LLC Trademarks DRAKEOL WHITE MINERAL OILS Owned by: CALUMET PENRECO, LLC Serial Number: 71536283 DRAKEOL WHITE MINERAL OILS USED AS LUBRICANTS Owned by: CALUMET PENRECO, LLC Serial Number: 71554148 SONTEX WHITE MINERAL OILS AND SULFONATES Owned by: CALUMET PENRECO, LLC Serial Number: 72209621 PENRECO PETROLEUM SULFONATES AND EMULSIFIERS, ANTIFREEZE, HYDRAULIC FLUID, AND
TRANSMISSION FLUID Owned by: CALUMET PENRECO, LLC Serial Number: 73161297 MAGIESOL Solvent Oils Owned by: CALUMET PENRECO, LLC Serial Number: 73475319 INKOL MINERAL OILS FOR USE IN FORMULATING INKS Owned by: CALUMET PENRECO, LLC Serial Number: 73475320 LVT Drilling Fluid Base Oil Owned by: CALUMET PENRECO, LLC Serial Number: 73493921 PETROSUL PETROLEUM SULFONATES USEFUL AS SOLUBILIZERS, EMULSIFIERS, DISPERSANTS,
SURFACTANTS, WETTING AGENTS, DETERGENTS AND RUST… Owned by: CALUMET PENRECO, LLC Serial Number: 73560225 PENN DRAKE chemical preparations for general manufacturing use; namely,
hydrocarbon solvents, petroleum sulfonates, white mineral oils… Owned by: CALUMET PENRECO, LLC Serial Number: 74069698 PENN DRAKE CHEMICAL PREPARATIONS FOR GENERAL MANUFACTURING USE; NAMELY, HYDROCARBON
SOLVENTS, PETROLEUM SULFONATES, WHITE MINERAL OILS… Owned by: CALUMET PENRECO, LLC Serial Number: 74071748 CONOSOL petroleum distillate solvents for use in the manufacture of a wide
variety of goods, such as charcoal lighter fluids, water… Owned by: CALUMET PENRECO, LLC Serial Number: 74334169 PENRECO SNOW petrolatums for general manufacturing use Owned by: CALUMET PENRECO, LLC Serial Number: 74580135 PENETECK PENETECK white mineral oils for general manufacturing use Owned by: CALUMET PENRECO, LLC Serial Number: 74580136 DRAKEOL white mineral oils for use in the manufacture of plastics, elastomers,
protective coatings for use in the food industry,… Owned by: CALUMET PENRECO, LLC Serial Number: 75023843 SONTEX white mineral oils used for refrigeration oils and compressor
lubricants Owned by: CALUMET PENRECO, LLC Serial Number: 75065784 PENRECO essential oils for personal use and for use in manufacturing cleaners,
cosmetics, food coatings, lotions and pharmaceuticals… Owned by: CALUMET PENRECO, LLC Serial Number: 75137674 HYPERTECH lubricating oils, namely, compressor lubricants Owned by: CALUMET PENRECO, LLC Serial Number: 75380529 SYNERGEL Gelled hydrocarbons for use in the manufacture of paints, protective coatings,
cleaning preparations, insecticides, pesticides… Owned by: CALUMET PENRECO, LLC Serial Number: 75423927 VERSAGEL GELLED OILS AND HYDROCARBONS, SOLD AS INGREDIENT COMPONENTS OF
COSMETICS, BODY LOTIONS BODY GELS, HAIR CARE FORMULATIONS… Owned by: CALUMET PENRECO, LLC Serial Number: 75423941 PAROL white mineral oils for technical, industrial, chemical and lubricating
purposes Owned by: CALUMET PENRECO, LLC Serial Number: 75658987 ORCHEX adjuvants for use in the manufacture of herbicides and pesticides,
namely, spray oils for agricultural use Owned by: Calumet Lubricants Co., Limited Partnership Serial Number: 85642612 C Fuels, gasoline, motor fuel, diesel fuel, biodiesel fuel, renewable
fuels, fuels and biofuels blended with chemicals and… Owned by: Calumet Sales Company Incorporated Serial Number: 86453514 C retail store services featuring fuels, gasoline, motor fuel, diesel
fuel, biodiesel fuel, renewable fuels, fuels and/or… Owned by: Calumet Sales Company Incorporated Serial Number: 86453519 C fuel refining; fuel treatment services; refining and treatment of
fuels, gasoline, motor fuel, diesel fuel, biodiesel fuel… Owned by: Calumet Sales Company Incorporated Serial Number: 86453531 FUEL FOR YOU Fuels, gasoline, motor fuel, diesel fuel, biodiesel fuel, renewable
fuels, fuels and biofuels blended with chemicals and… Owned by: Calumet Sales Company Incorporated Serial Number: 86453536 FUEL FOR YOU retail store services featuring fuels, gasoline, motor fuel, diesel
fuel, biodiesel fuel, renewable fuels, fuels and/or… Owned by: Calumet Sales Company Incorporated Serial Number: 86453540 FUEL FOR YOU fuel refining; fuel treatment services; refining and treatment of
fuels, gasoline, motor fuel, diesel fuel, biodiesel fuel… Owned by: Calumet Sales Company Incorporated Serial Number: 86453545 PENRECO petroleum sulfonates and emulsifiers, antifreeze, hydraulic fluid, and
transmission fluid Owned by: Calumet Penreco, LLC Serial Number: 86781991 |
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Lawsuits: |
No lawsuits found |
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UCC: |
No records found |
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OFAC Sanctions List
Search: |
The company is not listed in the OFAC list. |
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SUMMARY
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Calumet Refining, Llc is an organization in the petroleum refining
company’s industry located in Indianapolis, IN. It opened its doors in 2017 and operates as a subsidiary of Calumet
Operating, LLC, part of Calumet Specialty Products Partners, L.P. It mainly exports to Ecuador, Peru and India; but does not show any
import records It is ACTIVE in INDIANA, USA; with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
Brad Kachuka |
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POSITION |
NA |
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COMMENTS |
He confirmed legal name, website, email, management, that it is
registered in Delaware. He also confirmed that they sale wholesale to
distributors. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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USD |
1 |
INR 64.99 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.