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MIRA
INFORM REPORT
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Report No. : |
490077 |
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Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
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Name : |
SABRE INDUSTRIES, INC. |
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Registered Office : |
251 Little Falls Drive. Wilmington , New Castle, DE, 19808 |
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Country : |
United States |
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Date of Incorporation : |
1977 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject through its subsidiaries, designs and manufactures
utility support structures for electric transmission and distribution,
wireless communications, renewable energy, oil and gas, and government and
defense industries in the United States. |
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No. of Employees : |
2,600 |
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 : |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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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Order: |
SABRE INDUSTRIES |
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Address in the order: |
TOWER AND POLES SIOUX CITY IOWA |
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Legal Name: |
SABRE INDUSTRIES, INC. |
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Trade
Names: |
SABRE INDUSTRIES, INC. Sabre Communications Sabre Towers And Poles Sabre Tubular Structures |
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ID: |
4349737 |
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Date Created: |
1977 |
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Date Incorporated: |
5/16/2007 |
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Legal Address: |
251 LITTLE FALLS DRIVE. WILMINGTON , NEW
CASTLE, DE, 19808, USA |
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Operative Address: |
8653 East Highway 67 Alvarado, TX 76009 United States |
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Telephone: |
817-852-1700 |
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Fax: |
817-852-1703 |
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Legal Form: |
CORPORATION |
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Email: |
utilityinfo@sabreindustries.com |
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Registered in: |
DELAWARE |
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Website: |
www.sabreindustriesinc.com |
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Contact: |
Mr. Peter J. Sandore - Chief Executive
Officer, President and Director |
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Staff: |
2,600 |
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Activity: |
NAICS 1: Fabricated Structural Metal
Manufacturing SIC 1: Tower Sections, Radio And
Television Transmission |
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Banks: |
BANK OF AMERICA |
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History: |
Sabre Industries, Inc. was founded in
1977 and is based in Alvarado, Texas. |
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Parent Company: |
The company operates as a subsidiary of: Kohlberg & Co., L.L.C. 111 Radio Circle Mount Kisco, NY 10549 United States |
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PRINCIPAL ACTIVITY |
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Sabre Industries, Inc., through its
subsidiaries, designs and manufactures utility support structures for
electric transmission and distribution, wireless communications, renewable
energy, oil and gas, and government and defense industries in the United
States. |
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Products/Services description: |
It offers steel transmission poles, wood
pole equivalents, and substation structures; galvanizing services;
destructive and non-destructive structure testing on lattice towers, tubular
steel structures, and wood or concrete poles; and concealment poles, monopole
structures, and self-supporting or guyed communication towers. The company
also provides tower components, site hardware, and lightweight tower
structures that range from grounding lugs to antenna mounts to pre-engineered
catalog towers; and infrastructure services, including integration,
warehousing/material management, utility construction, shelter
storage/handling, tower inspection, tower and monopole modifications,
emergency services, microwave services, project financing, and generator
refueling programs to the telecommunications industry. In addition, it
provides turnkey construction and site development services, emergency
generators, and maintenance services; wireless systems, including tower
structures, radar and surveillance structures, wireless components, and
fully-integrated equipment shelters to homeland security, emergency
communications, law enforcement, and public safety applications; and site
construction and field maintenance services associated with fixed and mobile
communication/surveillance infrastructure. Further, the company offers
concrete, structural steel, and ultra-light aluminum shelters; and
mobile/disaster recovery products, such as cell-on-wheels, mini-cows,
cell-on-light-truck-chassis, and tower trailers. |
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Brands: |
SABRE |
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Sales are: |
Wholesale |
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Clients: |
Alto Acero SA De Cv |
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Suppliers: |
Gimeco Impianti S.R.L Nanjing Daji Steel Tower |
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Operations area: |
National and International |
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The company
imports from |
ITALY CHINA |
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The company exports to |
MEXICO |
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The subject employs |
2,600 EMPLOYEES |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
8653 East Highway 67 Alvarado, TX 76009 United States |
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Comments on Address: |
The address given in the order is one of
the company´s branch locations. |
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Branches: |
The company has several branches. Some
of them are: Sabre-FWT 8653 East Highway 67 Alvarado, TX 76009, USA Fort Worth Office Sabre-FWT 5750 East Interstate 20 Fort Worth, TX 76119, USA Hicksville Office Sabre-FWT 761 West High Street Hicksville, OH 43526, USA Sioux City Office Sabre-FWT 7101 Southbridge Drive Sioux City, Iowa 51111, USA |
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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 obtained
through private sources. Kohlberg & Co., L.L.C. 111 Radio Circle Mount Kisco, NY 10549 United States This information was confirmed by the company. |
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Management: |
Mr. Peter J. Sandore - Chief Executive
Officer, President and Director Mr. Timothy Rossetti - Chief Financial
Officer Mr. James P. Ruddy – Chief Operating
Officer & President of Utility Segment Brian D. Newberg - President of Telecom Mr. Anthony Sabatino – Chief Technology
Officer of Telecom & President of Business Development |
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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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Revenue |
700.000.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
Seat
track bearing for an airplane Patent
number: 5083726 Abstract:
Disclosed is a track fitting for an airplane seat leg which has a unitary
bearing section and wall element that carries the pin holding the seat leg in
position. The bearing section comprises an opening defined by two truncated
conical walls with the abutting truncated sections providing a bearing site.
The open ends of the opening are surrounded by segmented spherical bearing
surfaces which carry caps having conforming internal, spherical bearing
surfaces. The pin passes through the assembly of caps and bearing section to
secure the leg in position. A plastic, box-like anti-rattle device to prevent
rattling is mounted to the rear of the track fitting and bears against the
top of a track receiving the fitting. Type:
Grant Filed:
May 10, 1989 Date of
Patent: January 28, 1992 Assignee:
Sabre Industries, Inc. Inventor:
Daniel M. Schurr Leg set
track fitting Patent
number: 4771969 Abstract:
Disclosed is a leg seat track fitting used to removably secure the leg of an
airplane seat to the floor of the fuselage. The fitting has a body member,
including a wall element from which a series of pairs of tabs project
outwardly. These tabs engage the track in which the fitting is carried. A
pivotable detent element attached to one end of the wall element secures the
fitting in position when depressed. A yoke element mounted at another end of
the wall is moved towards and away from the body member by a spring loaded
screw. This yoke includes a pair of plungers which straddle the wall and
engage the floor of the track when the yoke is moved toward the body member.
The detent element and plungers resist sliding movement of the fitting in its
track. To absorb energy when torque is exerted on the seat, a spherical
bearing fitting snugly in its race carries a pin which passes through this
bearing member and attaches to the leg of the seat. Type:
Grant Filed:
July 27, 1987 Date of
Patent: September 20, 1988 Assignee:
Sabre Industries, Inc. Inventor:
Eugene G. Dowd Drain
valve used in aircraft Patent
number: 5062441 Abstract:
Disclosed is a valve used in the water drainage system of an aircraft having
a pressurized cabin. The valve includes a housing with a water inlet and
outlet and in which a float is mounted by a spring. The float includes a
stopper element adapted to engage the water outlet in the housing. The water
inlet is in communication with the cabin pressure and the water being discharged
and the outlet is in communication with atmospheric pressure outside the
aircraft. The spring normally biases the float so that the stopper element is
away from the water outlet when the plane is on the ground. As the plane
gains altitude, the differential in pressure between atmospheric pressure and
cabin pressure closes the valve, with the spring moving the stopper element
into engagement with the water outlet. This occurs in response to the
changing differential in pressure between the cabin pressure and atmospheric
pressure. Type:
Grant Filed:
June 21, 1990 Date of
Patent: November 5, 1991 Assignee:
Sabre Industries, Inc. Inventor:
Michael Glukhov |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Sabre Industries Inc v. Module X
Solutions L L C et al Plaintiff: Sabre Industries Inc Defendant: Module X Solutions L L C,
Steven L Schoonover, Jeff Hood and Jim Dean Case Number: 5:2015cv02501 Filed: October 8, 2015 Court: Louisiana Western District Court Office: Shreveport Office County: Caddo Presiding Judge: S Maurice Hicks Referring Judge: Mark L Hornsby Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: Plaintiff ConcealFab Corporation v. Sabre
Industries, Inc. et al Plaintiff: ConcealFab Corporation Defendant: Sabre Industries, Inc. and
Midwest Underground Technology, Inc. Case Number: 1:2015cv01793 Filed: August 19, 2015 Court: Colorado District Court Office: Denver Office County: El Paso Presiding Judge: Christine M. Arguello Referring Judge: Kristen L. Mix Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None |
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TRADEMARKS |
SABRE seat track fittings for passenger seats
used in land and airborne vehicles, lavatory systems and components thereof
used… Owned by: Sabre Industries, Inc. Serial Number: 74074685 SMARTSTACK Broadband wireless equipment, namely,
telecommunications base station equipment for cellular and fixed networking
and communications… Owned by: Sabre Industries, Inc. Serial Number: 86739341 SMARTPIER support substructures formed primarily
of concrete, namely, site-formed and pre-formed foundations, bases, footings
and… Owned by: Sabre Industries, Inc. Serial Number: 86891599 |
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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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Sabre Industries, Inc. is a large-sized
organization in the fabricated structural metal company’s industry located in
Alvarado, TX. It opened its doors in 1977 and now has
an estimated 700$ million in yearly revenue and 2,600 employees. The company operates nationally and
internationally, mainly importing from Italy and China. 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 |
John |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the parent
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 64.03 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.73 |
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US Dollar |
1 |
INR 64.14 |
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
·
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.