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MIRA INFORM REPORT
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Report No. : |
504756 |
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Report Date : |
21.04.2018 |
IDENTIFICATION DETAILS
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Name : |
CASE-MATE, INC. |
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Registered Office : |
7000 Central Parkway, Suite 1050, Atlanta, Ga, 30328, |
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Country : |
United States |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
06.01.2011 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject Provides accessories for mobile devices worldwide. |
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No. of Employees : |
65 |
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 : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Exist |
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: |
CASE-MATE, INC. |
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Trade Names: |
Case Mate |
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ID: |
11042459 |
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Date Created: |
2006 |
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Date Incorporated: |
6/1/2011 |
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Legal Address: |
7000 Central Parkway, Suite 1050, Atlanta, GA, 30328, USA |
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Operative Address: |
7000 Central Parkway, Suite 1050, Atlanta, GA, 30328, USA |
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Telephone: |
+1 (770) 888-9965 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
support@case-mate.com |
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Registered in: |
GEORGIA |
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Website: |
www.case-mate.com |
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Contact: |
Steve Marzio – Chief Executive Officer |
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Staff: |
65 |
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Activity: |
SIC Code 3172, Personal Leather Goods, Except Women's Handbags and
Purses NAICS Code 316998, All Other Leather Good and Allied Product
Manufacturing |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 2006 and is based in Atlanta, Georgia. |
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PRINCIPAL
ACTIVITY
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Case-Mate, Inc. provides accessories for mobile devices worldwide. |
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Products/Services description: |
It offers smartphone, tablet, and custom cases; and accessories, such
as audio accessories, mobile chargers, screen protectors, and sports
armbands. |
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Brands: |
Case-Mate |
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Sales are: |
Wholesale and Retail |
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Clients: |
Retailers and private customers. |
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Suppliers: |
Force Technology International Pty |
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Operations area: |
National and International |
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The company imports from |
AUSTRALIA |
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The subject employs |
65 employees |
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Payments: |
Slow but Correct |
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LOCATION
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Headquarters : |
7000 Central Parkway, Suite 1050, Atlanta, GA, 30328, USA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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. The following
information has been provided by private sources and could not be confirmed: The major holder is Shashi Reddy. |
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Management: |
Steve Marzio – Chief Executive Officer Keshav Mehta - Chief Operating Officer Tuan Pham – Chief Financial Officer |
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 |
15.230.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
CASE FOR ELECTRONIC DEVICES Publication number: 20130175186 Abstract: A mobile device case comprising separate inner and outer
layers, wherein the inner layer comprises a flexible form-fit bumper that
protects an electronic device installed therein without significantly
covering the front and back of the device, and wherein the outer layer
comprises a form-fit shell that interfaces with the inner bumper and extends
on at least one face of the device excluding the front of the device. Type: Application Filed: January 9, 2013 Publication date: July 11, 2013 Applicant: CASE-MATE, INC. Inventor: CASE-MATE, INC. RUGGEDIZED CASE FOR HAND-HELD ELECTRONIC DEVICE Publication number: 20130113348 Abstract: A ruggedized case having a main cover to be fitted closely
over a hand-held electronic device is tub-shaped and is open on one side
thereof for receiving the device therein. The main cover includes a rigid tub
and resilient portions on the inside and outside of the tub. A substantially
rigid screen protector is provided for protecting the display and is closely
fitted over a front face of the hand-held electronic device and is closely
fitted within the ruggedized main cover and held firmly therein. Thus,
resilient material is placed closely against the hand-held electronic device,
the rigid protective portion is closely against the inner soft cushioning,
and an outer layer of soft cushioning material is closely against the rigid
protective portion. The rigid protective panel is sandwiched between elements
of soft, cushioning material. This composite, cushion-first construction
provides superior protection against mechanical shock. Type: Application Filed: November 6, 2012 Publication date: May 9, 2013 Applicant: CASE-MATE, INC. Inventor: Case-Mate, Inc. SNAP-COUPLING ELECTRONICS CASE Publication number: 20140116897 Abstract: A two-piece case for a smart phone or other electronic
device includes a base and a frame. Interengaging snap coupling elements on
the base and the frame releasably attach the components together to hold a
phone within the case. Type: Application Filed: October 28, 2013 Publication date: May 1, 2014 Applicant: CASE-MATE, INC. Inventor: Robert D. WILKEY Snap-coupling electronics case Patent number: 9451814 Abstract: A two-piece case for a smart phone or other electronic
device includes a base and a frame. Interengaging snap coupling elements on
the base and the frame releasably attach the components together to hold a
phone within the case. Type: Grant Filed: October 28, 2013 Date of Patent: September 27, 2016 Assignee: CASE-MATE, INC. Inventor: Robert D. Wilkey |
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GOVERNMENT CONTRACTS |
No found. |
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CASES |
Case-Mate, Inc. v. Velvet Caviar Group, Inc. Filed: January 12, 2018 as 2:2018cv00238 Plaintiff: Case-Mate, Inc. Defendant: Velvet Caviar Group, Inc. Cause Of Action: Patent Infringement Court: Second Circuit › New York › New York Eastern District Court Type: Intellectual Property › Patent LuMee LLC v. Case-Mate, Inc. Filed: July 24, 2017 as 1:2017cv02783 Plaintiff: LuMee LLC Defendant: Case-Mate, Inc. Cause Of Action: Patent Infringement Court: Eleventh Circuit › Georgia › Georgia Northern District Court Type: Intellectual Property › Patent LuMee LLC v. Case-Mate, Inc. Filed: April 6, 2017 as 1:2017cv00385 Plaintiff: LuMee LLC Defendant: Case-Mate, Inc. Cause Of Action: Patent Infringement Court: Third Circuit › Delaware › Delaware District Court Type: Intellectual Property › Patent Case-Mate, Inc. v. Casetagram Limited et al Filed: March 24, 2017 as 1:2017cv01074 Plaintiff: Case-Mate, Inc. Defendant: Casetagram Limited, Westside Lab, Inc. Cause Of Action: Patent Infringement Court: Eleventh Circuit › Georgia › Georgia Northern District Court Type: Intellectual Property › Patent |
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TRADEMARKS |
HAPPINESS BY DESIGN Cases for personal electronic devices; carrying cases for cell phones;
carrying cases for mobile computers; cases for mobile… Owned by: CASE/MATE, INC. Serial Number: 85043011 MADISON cases for electronic devices, namely, cases for smart phones, portable
media players, handheld computers, and tablet computers… Owned by: CASE/MATE, INC. Serial Number: 85468341 ELLA Cases for electronic devices, namely, smart phones, portable media
players and handheld computers Owned by: CASE/MATE, INC. Serial Number: 85530203 |
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RENEWAL HISTORY |
Filing Number: 00012470 Filing Date/Time: 6/1/2011 12:00:00 AM Filing Type: Business
Conversion Filing Number: 01724286 Filing Date/Time: 6/1/2011 12:00:00 AM Filing Type: Business Formation Filing Number: 09755834 Filing Date/Time: 1/4/2012 3:38:55 PM Filing Type: Annual Registration(2012) Filing Number: 09932832 Filing Date/Time: 1/10/2013 12:00:00 AM Filing Type: Restated Articles Filing Number: 10003739 Filing Date/Time: 2/6/2013 3:25:26 PM Filing Type: Annual Registration(2013) Filing Number: 09266980 Filing Date/Time: 4/29/2013 9:56:38 AM Filing Type: Annual Registration(2013) Filing Number: 10529638 Filing Date/Type: 2/18/2014 3:27:50 PM Filing Type: Annual Registration(2014) Filing Number: 10958696 Filing Date/Time: 3/30/2015 2:04:56 PM Filing Type: Annual Registration(2015) Filing Number: 10327787 Filing Date/Time: 6/19/2015
8:58:57 AM Filing Type: Restated Articles Filing Number: 12558227 Filing Date/Time: 1/29/2016
2:04:36 PM Effective Date: 1/29/2016 Filing Type: Annual
Registration(2016) Filing Number: 14392051 Filing Date/Time: 3/30/2017 4:00:03 PM Effective Date: 3/30/2017 Filing Type: Annual Registration(2017) Filing Number: 15536196 Filing Date/Time:3/15/2018 6:02:59 PM Filing Effective: 3/15/2018 Filing Type: Annual Registration(2018) |
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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 2006, Case-Mate Inc. is an organization in the Leather Case
Industry headquartered in Atlanta, GA. The company has 65 regular employees and
generates an estimated $15.2 million UDS in annual revenue. The company operates nationally and internationally, mainly importing
from Australia. It is ACTIVE in business with medium credit risk. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Slow but Correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Anne |
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POSITION |
Sales |
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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 approximate 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 66.02 |
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1 |
INR 92.73 |
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Euro |
1 |
INR 81.46 |
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USD |
1 |
INR 66.21 |
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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VIV |
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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
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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.