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MIRA INFORM REPORT
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Report No. : |
503130 |
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Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
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Name : |
STANDARD FIBER, LLC |
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Registered Office : |
Corporation
Trust Center 1209 Orange St, Wilmington, New Castle, De, 19801 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
1998 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Subject is designs and
manufactures bedding textiles for manufacturers, distributors, and other
trading companies |
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No. of Employees : |
60 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 $59,500. 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 more than 50% 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, 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 former 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 FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), 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 former 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%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. 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 continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
STANDARD FIBER, LLC |
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Trade Names: |
STANDARD FIBER, LLC |
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ID: |
3934679 |
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Date Created: |
1998 |
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Date
Incorporated: |
3/3/2005 |
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Legal Address: |
CORPORATION TRUST CENTER 1209 ORANGE ST,
WILMINGTON, NEW CASTLE, DE, 19801, USA |
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Operative
Address: |
6625 Arroyo Springs Street, Suite 100 Las Vegas, NV 89113 United States |
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Telephone: |
650-872-6528 |
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Fax: |
650-872-1586 |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
- |
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Registered in: |
DELAWARE |
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Website: |
www.standardfiber.com |
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Contact: |
Sandy Gray - Chief Executive Officer |
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Staff: |
60 |
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Activity: |
SIC Code
5021, Furniture NAICS Code 423210, Furniture Merchant Wholesalers |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1998 and is based
in Burlingame, California. |
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PRINCIPAL
ACTIVITY
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Standard Fiber, LLC designs and
manufactures bedding textiles for manufacturers, distributors, and other
trading companies. |
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Products/Services
description: |
It offers pillow shells, pillows,
comforters and duvets, sheet sets, mattress pads, mattress toppers,
protectors, and blankets; and decorative pillows, throws, quilts,
bed-in-a-bag products, and pet beddings. |
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Brands: |
STANDARD FIBER |
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Sales are: |
Wholesale |
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Clients: |
Baby's Journey, Inc. Bedgear Llc Manufactura De Pilar SA Soft Tex Inc |
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Suppliers: |
Chuangyuan Feather Co.,Ltd. Gaoyou Huaxing Petroleum Pipe
Manufacture Co.,Ltd. Wujiang New Start Textile Co.,Ltd Wuxi Luoshe Printing & Dyeing Co., Ltd. Qingdao Fuyuan Arts & Crafts Co. Ltd Hangzhou Yuchun Home Textile Co., Luan Xingxing light Industrial Products
& Textile Co., Ltd. Exotica Fashions Nandan Terry Private Limited |
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Operations
area: |
National and International |
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The company imports from |
CHINA INDIA |
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The company
exports to |
PARAGUAY CANADA |
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The subject
employs |
60 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
6625 Arroyo Springs Street, Suite 100 Las Vegas, NV 89113 United States |
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Comments on
Address: |
The address given in the order is a
branch location. |
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Branches: |
577 Airport Boulevard Suite 200 Burlingame, CA 94010 United States |
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Related
Companies: |
Peter Reed International Ltd. Butterworth Mill 30 B Churchill Way Lomeshaye, Nelson Lancashire, UK BB9 6RT STANDARD FIBRE SOUTH ASIA PVT. LTD. Unit 201, Grand Mall M G Road Gurgaon, Haryana STANDARD FIBER HOME TEXTILES CO., LTD. Yueda 889 Plaza, Room 908 1111 Changshou Road, Jing An District Shanghai, China 200042 |
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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: |
The company does not disclose
information on shareholders. We were not able to confirm major holders. |
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Management: |
Sandy Gray - Chief Executive Officer Tony Chen - Senior Vice President Russell Holbrook - Executive Vice
President Sales David Wang – Chief Operating Officer |
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FINANCIAL
INFORMATION
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The company does not make its financial statements public. The
following information has been provided by private sources: |
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USD 2016 |
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Sales |
15.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
DOMESTIC TEXTILE PRODUCT WITH TOP HAVING
WATERPROOFING STRUCTURE Publication number: 20150110997 Abstract: A domestic textile product
includes a top having a waterproofing structure. The waterproofing structure
has four layers, an upper three layers being, in sequence, a first cloth
layer, a filling material layer, and a second cloth layer. A lower layer is a
waterproofing material layer laminated with the second cloth layer. Type: Application Filed: February 7, 2014 Publication date: April 23, 2015 Applicant: Standard Fiber LLC Inventor: Russ Holbrook Furniture Cover Publication number: 20120102646 Abstract: A furniture cover is
configured to encase furniture to prevent the egress of insects through the furniture
cover. The furniture cover includes an aperture through which furniture may
pass into the furniture cover. The aperture has a closure mechanism disposed
along the edges and can be sealed by an operating mechanism operating on the
closure mechanism. An operating mechanism cover seals an end of the closure
mechanism by way of two fastening surfaces and a compressible insert. Type: Application Filed: February 1, 2011 Publication date: May 3, 2012 Applicant: STANDARD FIBER, LLC Inventors: Dellon Dai Chen, Hua Jin Mattress pad or topper having a mesh
insert Patent number: 9247826 Abstract: A mattress pad or topper is
provided. The mattress pad or topper includes an outer layer defining an
interior volume. The outer layer includes a body portion and one or more mesh
portions. The mattress pad or topper further includes a filler material
disposed within the interior volume. The interior volume is in fluid
communication with external atmosphere via the one or more mesh portions. Type: Grant Filed: December 4, 2014 Date of Patent: February 2, 2016 Assignee: Standard Fiber, LLC Inventors: Russ Holbrook, Chun Leung
Chan |
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GOVERNMENT
CONTRACTS |
No found. |
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CASES |
Standard Fiber LLC v. Federal Insurance
Company Plaintiff: Standard Fiber LLC Defendant: Federal Insurance Company Case Number: 3:2017cv05792 Filed: October 6, 2017 Court: California Northern District
Court Office: Oakland Office County: San Francisco Presiding Judge: Phyllis J. Hamilton Nature of Suit: Insurance Cause of Action: 28:1441 Jury Demanded By: Plaintiff JAB Distributors, LLC v. Standard Fiber
LLC et al Plaintiff: JAB Distributors, LLC Defendant: Skyblue LLC and Standard
Fiber LLC Case Number: 1:2011cv05944 Filed: August 26, 2011 Court: Illinois Northern District Court Office: Chicago Office County: Cook Presiding Judge: Charles P. Kocoras Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff |
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TRADEMARKS |
SOF-LOF Head supporting pillows; Mattress toppers;
Pillows Owned by: Standard Fiber, LLC Serial Number: 77572655 TOTAL PROTECTION Feather beds; Fiber beds; Pillows Owned by: Standard Fiber, LLC Serial Number: 77912881 DOWNPLUS Pillow Owned by: Standard Fiber, LLC Serial Number: 78365814 QUICK DRY Accent pillows; Bed pillows; Beds,
mattresses, pillows and bolsters; Chair mats in the nature of a pillow or
seat liner;… Owned by: Standard Fiber, LLC Serial Number: 85228252 NANO-SHIELD Accent pillows; Bed pillows; Beds,
mattresses, pillows and bolsters; Decorative 3D pillows and cushions;
Maternity pillows… Owned by: Standard Fiber, LLC Serial Number: 85272559 |
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RENEWAL
HISTORY |
No records 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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Founded in 1998, Standard Fiber, LLC is
an organization in the Furniture Merchant Wholesalers Industry headquartered
in Las Vegas, NV. The company has 60 regular employees and
generates an estimated $15 million USD in annual revenue. The company operates nationally and
internationally, mainly exporting to Paraguay and Canada. It is ACTIVE in
business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Mary |
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POSITION |
Receptionist |
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COMMENTS |
She confirmed the name of the company, the
address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.13 |
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1 |
INR 92.51 |
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Euro |
1 |
INR 80.59 |
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US Dollar |
1 |
INR 65.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRA |
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Report Prepared
by : |
TRU |
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
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Promoters
/ Management background
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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.