3decades

MIRA INFORM REPORT

Report No. :	502019
Report Date :	07.04.2018

IDENTIFICATION DETAILS

Name :	J. G. BOSWELL COMPANY

Registered Office :	101 W Walnut St Pasadena CA 91103

Country :	United States

Date of Incorporation :	10.13.1925

Legal Form :	Domestic Stock

Line of Business :	· Cotton Farming · Land Subdivision Subdividers And Developers, Nec

No. of Employees :	400

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United States

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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%.

Source : CIA

STATUTORY INFORMATION

Order:

J G BOSEWELL COMPANY

Address in the order:

710 BAINUM AVE., P.O. BOX 457

CORCORAN, CA 93212-0457

United States

The address in the order corresponds to a branch of the company

Legal Name:

J. G. BOSWELL COMPANY

Trade Name:

J. G. BOSWELL COMPANY

ID:

C0116038

Date Created:

1925

Date Incorporated:

10/13/1925

Legal Address:

101 W WALNUT ST

PASADENA CA 91103

USA

Operative Address:

101 W WALNUT ST

PASADENA CA 91103

USA

Telephone:

1-626-583-3000

Fax:

1-626-583-3090

Legal Form:

DOMESTIC STOCK

Email:

JOHN RODRIGUES: jrodrigues@jgboswell.com

Registered in:

CALIFORNIA

Website:

www.jgboswell.com

Contact:

Gretchen Svenson, Chief Executive Officer

Staff:

400

Activity:

NAICS 1: Cotton Farming

NAICS 2: Land Subdivision

SIC 1: Cotton

SIC 2: Subdividers And Developers, Nec

BANKS:

The company does not make its banking data public

HISTORY:

The company was founded in 1925 by James Griffin Boswell

PRINCIPAL ACTIVITY

J. G. BOSWELL COMPANY is a large-sized organization in the cotton farms industry located in Pasadena, CA.

Products/Services description:

J.G. Boswell Company is an agricultural company. The Company owns land in the San Joaquin Valley of California. J.G. Boswell's primary crops are cotton, tomatoes and alfalfa hay.

Brands:

Sales are:

Wholesale

Clients:

Productores Algodoneros De Mexicalisa De Cv

Mexico

Olinda Nataly BaÑuelos Trejo

Mexico

Jacobo Krahn Thiessen

Mexico

Conservas Oderich Sa

Brazil

Creditex Saa

Peru

Suppliers:

Operations area:

National and International

The company imports from

No import

The company exports to

Mexico, Brazil and Peru

The subject employs

400 employees

Payments:

Regular

LOCATION

Headquarters :

101 W WALNUT ST

PASADENA CA 91103

USA

Comments:

Branches:

710 BAINUM AVE., P.O. BOX 457

CORCORAN, CA 93212-0457

United States

Main Competitors

Calcot, Ltd.

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

Capital:

Shareholders:

This is a private company. The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed:

Major holder is James W. Boswell

Management:

James W. Boswell, Partner

Gretchen Svenson, Chief Executive Officer

Curt Rowe, President

Victoria White, Director

Jeof Wyrick, Tax Director

Cameron Boswell, Vice President Administration

Thomas Hurlbutt, Manager of Water Resources

FINANCIAL INFORMATION

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

Estimated Assets

39,000,000

Cash flow

Normal

LEGAL FILINGS

Government Contracts:

Agricultural Marketing Service
Department of Agriculture
Bags and Sacks
January 13, 2011 $4,613.90

Agricultural Marketing Service
Department of Agriculture
Fibers: Vegetable, Animal and Synthetic
December 07, 2011 $2,031.99

Agricultural Marketing Service
Department of Agriculture
Fibers: Vegetable, Animal and Synthetic
November 19, 2012 $1,711.79

Agricultural Marketing Service
Department of Agriculture
Nonmetallic Scrap, Except Textile
February 07, 2013 $0

Agricultural Marketing Service
Department of Agriculture
Fibers: Vegetable, Animal and Synthetic
December 20, 2013 $

Patents:

Method and apparatus for treating fibrous material

Patent number: 5040270

Abstract: A method for treating fibrous material containing matter to be separated therefrom, the method including the steps of passing fibrous material containing the matter and having a given temperature along a path of travel in a fluid stream; and directing a jet of fluid, having a temperature substantially greater than that of the fibrous material and matter, onto the fibrous material and matter to release the matter from the fibrous material.An apparatus for treating fibrous material containing matter to be separated, the apparatus having a housing with a path of fluid movement therethrough; a system for passing fibrous material containing the matter to be separated along the path through the housing; and a system for discharging a gas, having a temperature substantially greater than that of the fibrous material and matter, onto the fibrous material and matter during passing thereof along the path to release the matter from the fibrous material.

Type: Grant

Filed: June 11, 1990

Date of Patent: August 20, 1991

Assignee: J. G. Boswell Company

Inventor: James H. Mackey

Regeneration of cotton plant in suspension culture

Patent number: 5695999

Abstract: A method for the regeneration of a cotton plant from somatic cells. The method comprises providing a cotton explant, culturing the explant in a callus growth medium supplemented with glucose as a primary carbon source until the secretion of phenolic compounds has ceased and undifferentiated callus is formed from the explant and culturing the undifferentiated callus in callus growth medium supplemented with sucrose as a primary carbon source until embryogenic callus is formed from the callus.

Type: Grant

Filed: June 6, 1995

Date of Patent: December 9, 1997

Assignee: J. G. Boswell Company

Inventors: Thirumale S. Rangan, Kanniah Rajasekaran

Method for producing somaclonal variant cotton plants

Patent number: 5834292

Abstract: A method for producing somaclonal variant cotton plant. The method comprising providing a cotton explant, culturing the explant in a callus growth medium supplemented with glucose as a primary carbon source until secretion of phenolic compounds has ceased and undifferentiated callus is formed from the explant, culturing the undifferentiated callus in callus growth medium supplemented with sucrose as a primary carbon source until embryogenic callus is formed from the undifferentiated callus, transferring the embryogenic callus to a plant germination medium, culturing the embryogenic callus on the plant germination medium until a plantlet is formed from the embryogenic callus, transferring the plantlets to soil, growing the plantlets to produce seeds from self pollination, collecting the seeds, planting the seeds, growing the seeds under conditions to select for a desired characteristic and collecting the plants with the desired characteristics.

Type: Grant

Filed: May 8, 1995

Date of Patent: November 10, 1998

Assignee: J. G. Boswell Company

Inventors: Thirumale S. Rangan, David M. Anderson

Trademarks:

B - Trademark Details

Status: 900 - Expired

Image for trademark with serial number 72303732

Serial Number72303732

Registration Number0907738

Word Mark B

Status900 - Expired

Status Date1992-11-04

Filing Date1968-07-29

Registration Number0907738

Registration Date1971-02-16

Mark Drawing3000 - Illustration: Drawing or design which also includes word(s)/ letter(s)/number(s) Typeset

Design Searches260701 - Plain diamonds with single or multiple line borders.

Filling History:

Document Type	File Date
SI-COMPLETE	10/30/2017
SI-COMPLETE	10/27/2016
AMENDMENT	04/28/2000
RESTATED REGISTRATION	11/9/1990
MERGER	5/7/1984
AMENDMENT	06/27/1980
AMENDMENT	09/28/1973
MERGER	09/28/1973
AMENDMENT	2/7/1963
MERGER	09/13/1961
MERGER	01/23/1957
AMENDMENT	01/23/1957
REGISTRATION	10/13/1925

Lawsuits:

National Labor Relations Board v. JG Boswell Co., 136 F.2d 585 (9th Cir. 1943)

Annotate this Case

US Court of Appeals for the Ninth Circuit - 136 F.2d 585 (9th Cir. 1943)

May 24, 1943

136 F.2d 585 (1943)

NATIONAL LABOR RELATIONS BOARD

J. G. BOSWELL CO. et al.

No. 10148.

Circuit Court of Appeals, Ninth Circuit.

May 24, 1943.

Rehearing Denied June 18, 1943.

*586 *587 *588 Robert B. Watts, Gen. Counsel, Ernest A. Gross, Howard Lichtenstein, and Malcolm F. Halliday, Associate Gen. Counsels, and Louis Libbin and William Strong, Attys., N.L.R.B., all of Washington, D. C., for petitioner.

Sidney J. W. Sharp and M. Wingrove, both of Hanford, Cal., for respondents.

Before DENMAN, MATHEWS, and STEPHENS, Circuit Judges.

DENMAN, Circuit Judge.

J. G. Boswell Co. v. W. D. Felder & Co.

Annotate this Case

[Civ. No. 4302. Fourth Dist. Apr. 25, 1951.]

J. G. BOSWELL COMPANY (a Corporation), Appellant, v. W. D. FELDER AND COMPANY (a Corporation) et al., Respondents.

COUNSEL

Crider, Runkle & Tilson for Appellant.

Lawrence W. Young and Lopez & Gomes for Respondents.

Song Chuan Technology Fujian Co. Ltd. v. J.G. Boswell Company et al

Plaintiff: Song Chuan Technology Fujian Co. Ltd

Defendant: Does, J.G. Boswell Company, J.G. Boswell Tomato Company-Kern, LLC and J.G. Boswell Tomato Company-Kings, LLC

Case Number: 2:2017cv04945

Filed: July 5, 2017

Court: California Central District Court

Presiding Judge: Manuel L. Real

Referring Judge: Suzanne H. Segal

Nature of Suit: Other

UCC:

No records found

OFAC

Sanctions List Search:

The company is not listed in the OFAC list.

SUMMARY

Founded in 1925, J. G. BOSWELL COMPANY is a large-sized organization in the cotton farms industry located in Pasadena, CA.

The company has 400 full-time employees and generates an estimated USD 39 million in annual estimated assets.

The company exports to Mexico, Brazil and Peru, operating within national and international markets.

This has been an ACTIVE company incorporated in CALIFORNIA in 1925.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

POSITION

COMMENTS

Despite we tried to contact the company several times, it did not answer, so we could not confirm further information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.99
UK Pound	1	INR 90.96
Euro	1	INR 79.51
US Dollar	1	INR 64.92

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.