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MIRA
INFORM REPORT
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Report No. : |
490429 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
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Name : |
REDKOH
INDUSTRIES, INC. |
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Registered Office : |
300 Valley Road,
Hillsborough, NJ, 08844 |
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Country : |
United States |
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Date of Incorporation : |
19.08.1982 |
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Legal Form : |
Domestic
Profit Corporation |
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Line of Business : |
·
Printed
Circuit Assembly (Electronic Assembly) Manufacturing
·
Computer
Systems Design Services ·
Printed
Circuit Boards ·
Industrial
Controls: Push Button, Selector Switches, Pilot
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No. of Employees : |
24 |
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 : |
No Complaints |
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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 (30.06.2017) |
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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Legal Name: |
REDKOH INDUSTRIES,
INC. |
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Trade Name: |
Redkoh Industries Redkoh Datatest
Industries |
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ID: |
0100175242 |
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Date Created: |
1982 |
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Date Incorporated: |
08/19/1982 |
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Legal Address: |
300 VALLEY ROAD,
HILLSBOROUGH, NJ, 08844 United States |
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Operative Address: |
300 Valley Rd Hillsborough, New
Jersey 08844-4059 PO Box 801, Belle
Mead, NJ 08502 United States |
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Telephone: |
(908) 369-1590 |
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Fax: |
(908) 369-1594 |
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Legal Form: |
DOMESTIC PROFIT
CORPORATION |
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Email: |
belinda.halloran@redkoh.com |
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Registered in: |
NEW JERSEY |
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Website: |
www.redkoh.com |
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Contact: |
Paul Ford, Chief
Executive Officer, President and Registered Agent John Jannone,
Executive Vice President |
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Staff: |
24 |
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Activity: |
NAICS 1: Printed
Circuit Assembly (Electronic Assembly) Manufacturing NAICS 2: Relay and
Industrial Control Manufacturing NAICS 3: Computer
Systems Design Services SIC 1: Printed
Circuit Boards SIC 2: Industrial
Controls: Push Button, Selector Switches, Pilot SIC 3: Computer
Systems Analysis And Design |
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BANKS: |
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The company does not make its
banking data public |
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HISTORY |
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The company was founded in 1982 by by
Steven Kohke |
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Key Developments: |
1997 Redkoh is acquired
by OMI-PLC, a publicly owned company and becomes a part of the worldwide
network of companies, based out of London England. 1998 Redkoh's parent UK
holding company changes name; OMI becomes Solvera 1999 Redkoh's management
purchases the shares of Redkoh Industries, inc from the parent, Solvera and
becomes an employee privately owned company, incorporated in New Jersey. 2000 Redkoh purchases
Megamation, a robotics equipment company. 2003 Redkoh acquires
Datatest Industries, inc, founded in 1971 in Levittown, Pa, by Julian Saltz.
Datatest designs, manufactures and services, EPA Pollution Monitoring
equipment, EPA compliant as well as non compliant devices. 2004 Redkoh relocates to
larger facilities in Hillsborough, NJ 2005 Redkoh expands in
Texas with a joint venture named RPC Environmental. RPC provides field
service for the fine tuning and maintenance of Electrostatic Precipitators to
improve peak performance by resolving either electrical or mechanical
problems. 2008 Redkoh again
relocates to a larger facility. Redkoh purchases a 3+ acres complex, complete
with three buildings in Hillsborough, NJ. The buildings consist of
Manufacturing and Administration, Testing lab and Training center, and
finally the Engineering lab and product design workshop. 2009 Redkoh releases its
Patent Pending Mid Frequency control, allowing 3rd Party 60/50 Hrz type
controls to operate a 400 Hrz system. Entered into a Joint Venture with Stein
Industries, inc to design and develop a T/R along with the Mid Frequency
Control. March 2009 Anshan
Hama Sensor Technical of Anahan City Liaoning Province signed an exclusive
agreement for sales and support of Datatest and Redkoh products in the
Peoples Republic of China. |
PRINCIPAL ACTIVITY |
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Redkoh Industries,
Inc. is a small organization in the printed circuit board manufacturers
industry located in Hillsborough, NJ. |
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Products/Services description: |
PRODUCTS: Pollution
Monitoring Equipment Air Pollution
Controls Control Cabinent
Manufacturing Air Pollution
Controls: RPC Environmental Communications
Interface (CAN-Transceiver) Current Limiting
Reactor (CLR) Switch Mode Power
Supply PrecipCommander
Central Control System Rapper Controls Silicon Controlled
Rectifiers (SCRs) TR Control Upgrade
Package TR Output Bushings
and Diode Stacks Transducer Boxes Transformer
Rectifier Control Cabinets Transformer
Rectifier Set Voltage Dividers Online Store: Model 201 LP:
Electrostatic Dust Monitor / Triboelectric Broken Bag Detector Model DT80:
Portable Opacity Monitor Model 1000: Opacity
Monitoring for EPA Compliance Model DT109 Non-EPA
Complian Opacity Monitor Model DT3000:
Zirconia Oxygen Analyzer Model DT3006:
Oxygen and Combustibles Analyzer RK 2268 SCR
Assembly RK 2269 SCR
Assembly Pollution
Monitoring Equipment: DT1000
Microprocessor Based Double Pass EPA Compliance Opacity Monitor DT109 Opacity
Monitor DT3000 Oxygen
Analyzer DT3006 Close
Coupled Extractive Oxygen/Combustibles Analyzer DT3008 Close
Coupled Extractive Combustibles Analyzer Model 201LP
Triboelectric Detector / Broken Bag Detector Model 201LP Two
Wire Triboelectric Detector / Broken Bag Detector RK3127 Process
Particulate Monitor Control Cabinet
Manufacturing: PHILKOH - Control
Cabinet Manufacturing |
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Brands: |
NA |
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Sales are: |
Wholesale and Retail |
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Clients: |
Clyde Bergemann Colombia S.A.S. Colombia |
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Suppliers: |
Anshan Hama Sensor
Technical Co. Lt China Ador Powertron Ltd India |
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Operations area: |
National and International |
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The company imports from |
China and India |
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The company exports to |
Colombia |
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The subject
employs |
24 employees |
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Payments: |
No Complaints |
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LOCATION |
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Headquarters : |
300 Valley Rd Hillsborough, New Jersey 08844-4059 PO Box 801, Belle Mead, NJ 08502 United States |
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Comments: |
NA |
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Branches: |
No branches found |
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Main Competitors |
Syscom Technologies
Corporation 1537 Glen Ave Moorestown, New
Jersey 08057-1103 Dmc Manufacturing
Inc 7025 Central Hwy Pennsauken, New
Jersey 08109-4312 Pcr Technologies,
Inc. 26 Chapin Rd Ste
1111 Pine Brook, New
Jersey 07058-9211 |
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Related Companies: |
Datatest
Industries, inc 300 Valley Rd,
Hillsborough Township, NJ 08844 USA Hotfoil-EHS, Inc. 2960 East State
Street Ext. Hamilton, NJ 08619 Phone #
609.588.0900 Fax # 609.588.8333 Email:
dap@hotfoilehs.com GEECOM GEECOM House, 1490
Mailship Street, Laser Park,
Honeydew Ext.5 Anshan Hama Sensor
Technical Co. Ltd. 3/F,Block C,#8
Building,North Laser Industrial Park,Gaoxin District,Anshan,Liaoning, China Ador Powertron Ltd Plot No. 51, D-II
Block, Ramnagar Complex, MIDC, Chinchwad, Pune-411019, India. Tel
+91-20-27472532/27473778 Fax +91-20-27471682 Email:
info@adorpower.com RPC Environmental
LP 312 FM 82 West,
Kirbyville, TX 75956 Phone: +1 (409)
382-9648 Fax: +1(908)
369-1594 Email:
scott.ozan@redkoh.com |
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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: |
This is a private company. The company
does not disclose information on shareholders. We could not confirm major
holders. |
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Management: |
Paul Ford, Chief Executive Officer and
President John Jannone, Executive Vice President Bob Prendeville, Chief Financial Officer Marc Shallo, Quality Control Manager Terri A Flora, Technician |
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 201 |
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Revenue |
4,400,000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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Filling History: |
Filing Type
Year Filed CHANGE OF REGISTERED OFFICE 2010 MERGER
1997 REINSTATED
1996 CHANGE OF AGENT AND OFFICE 2006 CHANGE OF AGENT AND OFFICE 1997 REVOKED FOR FAILURE TO PAY ANNUAL REPORTS
1996 AMENDMENT
2016 REMOVE REVOCATION DONE IN ERROR 2006 |
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Patents |
SYSTEMS AND METHODS OF POWER CONVERSION
FOR ELECTROSTATIC PRECIPITATORS Publication number: 20140168848 Abstract:
The disclosed technology describes methods and apparatus to convert and
control power provided to a precipitator. An example embodiment of the
disclosed technology includes a method for providing power to a device. The
method includes receiving a first silicon controlled rectifier (SCR) signal
and a second SCR signal from a controller device, generating a demand signal
by the controller device based on a comparison of the first and second SCR
signals, transmitting the demand signal to a power converter device,
converting a first power signal from a first base frequency to a second power
signal at a second base frequency, wherein the first base frequency is in the
range of approximately 50 Hz to approximately 60 Hz and wherein the second
base frequency is controlled in the range of approximately 100 Hz to
approximately 1000 Hz, and switching the second power signal to the
controller device. Type: Application Filed: December 14, 2012 Publication date: June 19, 2014 Applicant: Redkoh Industries, Inc. Inventors: Paul Ford, John Jannone, Neil
Flynn, Hank Del Gatto Systems and methods of power conversion
for electrostatic precipitators Patent number: 8233255 Abstract: The present invention
describes methods and apparatus to convert and control power provided to a
precipitator. An exemplary embodiment of the present invention provides a
precipitator power frequency converter system, which includes an
insulated-gate bipolar transistor (“IGBT”) system and a converter control
system comprising a microprocessor in communication with the IGBT system. In
addition, the power frequency converter system provides a rectifier set in
communication with the IGBT system. Furthermore, the input power received by
the precipitator power frequency converter system is in a first frequency
range of approximately 50 Hz to 60 Hz and the precipitator power frequency converter
system can be enabled to provide an output power in a second frequency range
between 400 Hz and 1000 Hz. Type: Grant Filed: April 1, 2009 Date of Patent: July 31, 2012 Assignee: Redkoh Industries, Inc. Inventors: Paul Ford, John Jannone, Neil
Flynn, Hank Del Gatto Systems and methods of power conversion
for electrostatic precipitators Patent number: 8797707 Abstract: The disclosed technology
describes methods and apparatus to convert and control power provided to a
precipitator. An example embodiment of the disclosed technology includes a
method for providing power to a device. The method includes receiving a first
silicon controlled rectifier (SCR) signal and a second SCR signal from a
controller device, generating a demand signal by the controller device based
on a comparison of the first and second SCR signals, transmitting the demand
signal to a power converter device, converting a first power signal from a
first base frequency to a second power signal at a second base frequency,
wherein the first base frequency is in the range of approximately 50 Hz to
approximately 60 Hz and wherein the second base frequency is controlled in
the range of approximately 100 Hz to approximately 1000 Hz, and switching the
second power signal to the controller device. Type: Grant Filed: December 14, 2012 Date of Patent: August 5, 2014 Assignee: Redkoh Industries, Inc. Inventors: Paul Ford, John Jannone, Neil
Flynn, Hank Del Gatto |
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Trademarks |
REDKOH INDUSTRIES - Trademark Details Status: 700 - Registered Image for trademark with serial number
85603614 Serial Number85603614 Registration Number4267544 Word Mark REDKOH INDUSTRIES Status700 - Registered Status Date2013-01-01 Filing Date2012-04-20 Registration Number4267544 Registration Date2013-01-01 Mark Drawing4000 - Standard character
mark Typeset Published for Opposition Date2012-10-16 Attorney Name Karl M. Zielaznicki, Esq. Law Office Assigned Location CodeL60 Employee Name FROMM, MARTHA L REDKOH - Trademark Details Status: 700 - Registered Image for trademark with serial number
85603597 Serial Number85603597 Registration Number4267543 Word Mark REDKOH Status700 - Registered Status Date2013-01-01 Filing Date2012-04-20 Registration Number4267543 Registration Date2013-01-01 Mark Drawing4000 - Standard character
mark Typeset Published for Opposition Date2012-10-16 Attorney Name Karl M. Zielaznicki, Esq. Law Office Assigned Location CodeL60 Employee Name FROMM, MARTHA L RK - Trademark Details Status: 700 - Registered Image for trademark with serial number
85603590 Serial Number85603590 Registration Number4271201 Word Mark RK Status700 - Registered Status Date2013-01-08 Filing Date2012-04-20 Registration Number4271201 Registration Date2013-01-08 Mark Drawing3000 - Illustration: Drawing
or design which also includes word(s)/ letter(s)/number(s) Typeset Design Searches011525 - Other natural
phenomena and observable events. Published for Opposition Date2012-10-23 Attorney Name Karl M. Zielaznicki, Esq. Law Office Assigned Location CodeM50 Employee Name HWANG, JOHN C B |
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Cases |
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 1982, Redkoh Industries, Inc.
is a small organization in the printed circuit board manufacturers industry located
in Hillsborough, NJ. The company has 24 full-time employees
and generates an estimated USD 4,401 million in annual revenue. The company imports from China and
India, and exports to Colombia, operating within national and international
markets. This has been an ACTIVE company
incorporated in New Jersey in 1982. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
Peggy |
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POSITION |
Operator |
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COMMENTS |
She confirmed legal
name, trade name, address, website, telephone, email, principal activity and
operations area. She also confirmed
that the company does not have branches. She refused to
provide neither staff number nor major holders. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.14 |
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|
1 |
INR 89.50 |
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Euro |
1 |
INR 79.43 |
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US Dollar |
1 |
INR 64.28 |
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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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
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 |
|
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.