MIRA INFORM REPORT

Report No. :	492029
Report Date :	16.02.2018

IDENTIFICATION DETAILS

Name :	ALPERT & ALPERT IRON & METAL, INC.
Formerly Known As :	ALPERT & ALPERT JUNK COMPANY.
Registered Office :	Howard Farber, 1815 S Soto St, Los Angeles Ca 90023
Country :	United States
Date of Incorporation :	1930
Legal Form :	Corporation
Line of Business :	Subject operates as a non-ferrous scrap metal processor, recycler, and trader.
No. of Employees :	80

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	Acceptable Risk	Business dealings permissible with moderate 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:	ALPERT & ALPERT IRON & METAL, INC.
Trade Names:	ALPERT & ALPERT IRON & METAL, INC.
ID:	C0309978 EIN: 95-1860560
Date Created:	1930
Date Incorporated:	10/03/1955
Legal Address:	HOWARD FARBER 1815 S SOTO ST LOS ANGELES CA 90023
Operative Address:	1815 S SOTO ST LOS ANGELES CA 90023
Telephone:	323-265-4040
Fax:	323-264-9839
Legal Form:	CORPORATION
Email:	sales@ealpert.com
Registered in:	CALIFORNIA
Website:	www.alpertandalpert.com
Contact:	Mr. Howard Farber, Chairman of the Board and Chief Executive Officer
Staff:	80
Activity:	Industries NAICS 1: Metal Service Centers and Other Metal Merchant Wholesalers SIC 1: Iron And Steel (Ferrous) Products
Banks
BANK OF AMERICA
History
Alpert & Alpert Iron and Metal, Inc. was formerly known as Alpert & Alpert Junk Company. The company was founded in 1930 and is based in Los Angeles, California. Herman and Mandel Alpert, brothers who immigrated to the United States in 1906, co-founded the scrap collection and peddler business that would eventually become Alpert & Alpert Iron & Metal Inc.
PRINCIPAL ACTIVITY
Alpert & Alpert Iron and Metal, Inc. operates as a non-ferrous scrap metal processor, recycler, and trader.
Products/Services description:	It offers scrap aluminum, copper, brass, stainless steel, high-temperature alloys, blended nickel alloy turnings, industrial scrap, utility scrap, e-scrap, battery scrap, and plastic products.
Brands:	Alpert & Alpert
Sales are:	Wholesale
Clients:	The company provides its products through brokers and representatives. Fundametz S.A. Ecuador Novelis Do Brasil Ltda Brazil
Suppliers:	Mundos Brasil Imp. E Exp Ltda Brazil VICTOR HUGO MARIACA VALDEZ Bolivia COMETAIS IND. E COM. LTDA Brazil
Operations area:	National and International
The company imports from	Brazil, Bolivia
The company exports to	Brazil, Ecuador
The subject employs	80 employees
Payments:	Regular
LOCATION
Headquarters :	1815 S SOTO ST LOS ANGELES CA 90023
Comments on Address:	NA
Branches:	Los Angeles Processing Facility 1820 South Soto Street Los Angeles, California 90023 Phone: (323) 265-4040 Long Beach Processing Facility 2350 West 16th Street Long Beach, California 90813 Phone: (562) 624-8833 34 Maple St Summit, New Jersey 07901-2536
Related Companies:	It has additional offices in Guangzhou, China; and Tokyo Japan. It has processing plants worldwide.
	China Liaison Office Guandong Province Guangzhou City Huadu District Xinghua Yunshan Street 31 Yinfeng Building Room A1208 510800 – China Phone: +86(20)3683-9099 Tokyo Liaison Office 4-4-11 Akasaka, Minato-ku Tokyo, 107-0052 Japan Phone: (011) 81-33-583-1020
	The Alpert Group, LLC 1 Parker Plaza Fort Lee, NJ 07024 Joe@thealpertgroup.com Tel: 201-886-7800 Fax:201-886-7806
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. Major holder are: Farber family Alpert family
Management:	Mr. Howard Farber Chairman of the Board and Chief Executive Officer Mr. Rajiv Reddy Chief Financial Officer Ms. Maryann Gonzalez Director of Operations Ms. Sherry Parvaneh Chief Information Officer Ms. Heather Sanchez Executive Vice President of Human Resources
FINANCIAL INFORMATION
The company does not make its financial statements public. Despite our long search, we were not able to confirm financial figures for the subject.
USD 2016
Estimated Net Assets	16,338,802
Cash Flow	Normal
LEGAL FILINGS
PATENTS	No records found.
GOVERNMENT CONTRACTS	No records found.
CASES	Supreme Court of Nebraska. December 22, 2006. *160 Sam R. Brower and Thomas C. Lauritsen, of Andersen, Lauritsen & Brower, Omaha, for appellants. Thomas J. Culhane, of Erickson & Sederstrom, P.C., Omaha, for appellees. WRIGHT, CONNOLLY, GERRARD, STEPHAN, McCORMACK, and MILLER-LERMAN, JJ. MILLER-LERMAN, J. NATURE OF CASE Appellants, Columbus Metal Industries, Inc.; Commercial Metal Co.; Alpert & Alpert Iron & Metal, Inc.; A. Tenenbaum Co., Inc.; Central Nonferrous, Inc.; Michael Rosenberg; Colonial Metals Co.; Copperweld Corporation; Essex International, Inc.; Joseph Behr & Sons, Inc.; Joseph Simon & Sons, Inc.; Leonard Levine Metals Corp.; TJN Enterprises, Inc.; Lozier Corporation; Mandel Metals, Inc.; National Compressed Steel Corporation; Owen Industries, Inc., doing business as Paxton & Vierling Steel Co.; Prudential Securities Incorporated, formerly known as Bache & Co., Inc.; Shine Bros. Corp.; Sioux City Compressed Steel Co., Inc.; State Steel Supply Co., Inc.; and Prolerized Schiabo-Neu, now known as Hugo Neu Schnitzer East, are all shareholders of appellee Aaron Ferer & Sons Co. (AFS). UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA ORANGE COUNTY COASTKEEPER, a non-profit corporation, Plaintiff, v. VISTA METALS CORP., a corporation, ALPERT & ALPERT IRON & METAL, INC., a corporation, and THE ALPERT GROUP, a limited liability company, Defendants. Civil Case No.: EDCV07-00932 DDP (FMOx) ORDER RE ENTRY OF CONSENT DECREE (Federal Water Pollution Control Act, 33 U.S.C. § 1251 et seq.)
TRADEMARKS	No records found.
RENEWAL HISTORY	SI-NO CHANGE 06/20/2017 FN37907 (opens in new tab) SI-COMPLETE 04/13/2016 16612071 (opens in new tab) AMENDMENT 04/02/1990 REGISTRATION 10/03/1955
UCC	No records found.
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Alpert & Alpert Iron and Metal, Inc. operates as a non-ferrous scrap metal processor, recycler, and trader. Alpert & Alpert Iron and Metal, Inc. was formerly known as Alpert & Alpert Junk Company. The company was founded in 1930 and is based in Los Angeles, California. It operates both within national and international markets: The company is well established in business; with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Stephen
POSITION	Trades
COMMENTS	He confirmed headquarters location, branches, related companies, experience, staff number and managers.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.92
UK Pound	1	INR 89.55
Euro	1	INR 79.68
USD	1	INR 64.02

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

INFORMATION DETAILS

Analysis Done by :	NIS
Report Prepared by :	SYL

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.