MIRA INFORM REPORT

Report No. :	489570
Report Date :	03.02.2018

IDENTIFICATION DETAILS

Name :	NORDSON EXTRUSION DIES INDUSTRIES, LLC
Registered Office :	251 Little Falls Drive, Wilmington, New Castle, De, 19808
Country :	United States
Date of Incorporation :	1971
Legal Form :	Limited Liability Company
Line of Business :	Subject engaged in designs, builds, and supplies flat extrusion dies, coextrusion feed blocks, and slot die coating heads for plastic processors and Web converters across various industries.
No. of Employees :	250

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low 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 (30.06.2017)	Current Rating (30.09.2017)
United States	A1	A1

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
Legal Name:	NORDSON EXTRUSION DIES INDUSTRIES, LLC
Trade Names:	NORDSON EXTRUSION DIES INDUSTRIES, LLC
ID:	3648199
Date Created:	1971
Date Incorporated:	4/16/2003
Legal Address:	251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE, 19808, USA
Operative Address:	911 Kurth Road Chippewa Falls, WI 54729 United States
Telephone:	715-726-1201
Fax:	715-726-2205
Legal Form:	LIMITED LIABILITY COMPANY
Email:	-
Registered in:	DELAWARE
Website:	www.extrusiondies.com
Contact:	Mr. John Ulcej - Executive Vice President of Engineering and Technology
Staff:	250
Activity:	NAICS 1: Special Die and Tool, Die Set, Jig, and Fixture Manufacturing SIC 1: Extrusion Dies
Banks:	BANK OF AMERICA
History:	The company was founded in 1971 and is headquartered in Chippewa Falls, Wisconsin. Nordson Extrusion Dies Industries, LLC was formerly known as Extrusion Dies Industries, LLC and changed its name to Nordson Extrusion Dies Industries, LLC in June 2012.
Parent Company:	As of June 14, 2012, Nordson Extrusion Dies Industries, LLC operates as a subsidiary of: Nordson Corporation 28601 Clemens Road Westlake, OH 44145 United States
PRINCIPAL ACTIVITY
	Nordson Extrusion Dies Industries, LLC designs, builds, and supplies flat extrusion dies, coextrusion feed blocks, and slot die coating heads for plastic processors and Web converters across various industries.
Products/Services description:	It offers extrusion and co extrusion dies, such as cast film dies, compounding and pelletizing dies, extrusion coating dies, oriented film dies, polyside and stripe dies, raffia tape and slit film dies, RPVC siding dies, sheet dies, twin wall dies, and XPS foam board dies; and co extrusion feed blocks, including adjustable and fixed geometry feed blocks. The company also provides slot die coating systems, such as adjustable and fixed lip slot coating dies; and auxiliary equipment, including cleaning and maintenance stations, deckling systems, die carts, distribution blocks and adapters, online die separation devices, and vacuum boxes. In addition, it offers access to sales services, technical assistance, spare parts, and rework services. The company serves barrier film and sheet, cast film, compounding and pelletizing, extrusion coating, flexible packaging, fluid coating, hot melt, lithium-ion battery, optical film, oriented film, solar power photovoltaic, thermoformed sheet, XPS foam board, disposables, building and construction, durable goods, transportation, medical, and sustainable energy technology industries worldwide.
Brands:	NORDSON
Sales are:	Wholesale
Clients:	Solutia Tlaxcala S.A. De C.V. Tetra Pak Queretaro S.A. De C.V. Sinteplast S.A. DE C.V.
Suppliers:	Shanghai Apexmetal Co.,Ltd Nordson Pps (Shanghai) Co. Ltd. WTM Solutions Corporation
Operations area:	National and International
The company imports from	CHINA
The company exports to	MEXICO
The subject employs	250 employees
Payments:	Regular
LOCATION
Headquarters :	911 Kurth Road Chippewa Falls, WI 54729 United States
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed. As of June 14, 2012, Nordson Extrusion Dies Industries, LLC operates as a subsidiary of: Nordson Corporation 28601 Clemens Road Westlake, OH 44145 United States
Management:	Mr. John Ulcej - Executive Vice President of Engineering and Technology Mr. Sam G. Iuliano - Chief Technologist Kelly Harings-Mrozinski - Director of Marketing Mr. Scott G. Smith - Business Unit Director of Polymer Dies Mr. Jason Q. Yin - General Manager of China
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Gross Revenue	48.000.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	EXTRUSION DIE WITH DECKLE SYSTEM AND METHODS OF USING SAME Publication number: 20150104537 Abstract: In extrusion system includes an extrusion die and a deckle system. In one embodiment, the deckle system includes a deckle rod and a cam member operatively coupled to the deckle rod. A cam controller controls the cam member. The cam member cams with the deckle rod in response to actuation of the cam controller. The camming action forces the deckle rod to seal an end region of the extrusion die. Type: Application Filed: October 10, 2013 Publication date: April 16, 2015 Applicant: Nordson Extrusion Dies Industries, LLC Inventor: Jordan L. Sedivy Multi-Manifold Extrusion Die with Deckle System and Method of Using Same Publication number: 20150343690 Abstract: A multi-manifold extrusion die having a fully independent internal deckle system. The die can selectively produce a composite extrudate having a full-width arrangement, an encapsulation arrangement, or a naked-edge arrangement. Methods are also provided for producing a composite extrudate having a full-width arrangement, an encapsulation arrangement, or a naked-edge arrangement. Type: Application Filed: May 27, 2014 Publication date: December 3, 2015 Applicant: Nordson Extrusion Dies Industries, LLC Inventor: Jordan L. Sedivy DECKLE TECHNOLOGY Publication number: 20140248390 Abstract: The invention provides a deckle system for extrusion dies. In certain embodiments, the invention provides methods of cleaning an extrusion die equipped with a retractable external deckle system. Also provided in some embodiments is a deckle system having a novel deckle adjustment mechanism. In other embodiments, the invention provides an advantageous internal deckle member equipped with a removable, replaceable internally threaded insert. Type: Application Filed: May 16, 2014 Publication date: September 4, 2014 Applicant: Nordson Extrusion Dies Industries, LLC Inventors: Gary D. Oliver, Jordan L. Sedivy, John A. Ulcej
GOVERNMENT CONTRACTS	No records found.
CASES	No records found.
TRADEMARKS	MOBIUS extrusion dies Owned by: Nordson Extrusion Dies Industries, LLC Serial Number: 85610909 MÖBIUS extrusion dies Owned by: Nordson Extrusion Dies Industries, LLC Serial Number: 85610912
RENEWAL HISTORY	No records found.
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Founded in 1971, Nordson Extrusion Dies Industries, Llc is a mid-sized organization in the tool and die maker manufacturers industry located in Chippewa Falls, WI. It has approximately 250 full time employees and generates an estimated $48 million in annual revenue. The company operates nationally and internationally, mainly exporting to Mexico. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	-
POSITION	-
COMMENTS	We called number 715-726-1201 several times and received no answer.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.08
UK Pound	1	INR 91.34
Euro	1	INR 80.03
USD	1	INR 64.14

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

INFORMATION DETAILS

Analysis Done by :	DIV
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)

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