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MIRA INFORM REPORT
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Report No. : |
493465 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ACKLEY MACHINE CORPORATION |
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Registered Office : |
1273 N Church Street Ste 106, Moorestown,
NJ 08057 |
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Country : |
United States |
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Date of Incorporation : |
30.11.1976 |
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Legal Form : |
Corporation |
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Line of Business : |
· The company's line of business includes manufacturing printing trades machinery. · The company offers printing systems, laser drilling systems, vision inspection systems, adjustable angle ramp systems, drum style systems, sorters and feeders |
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No. of Employees : |
34 |
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 (30.09.2017) |
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 $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: |
ACKLEY MACHINE CORPORATION |
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Trade Names: |
ACKLEY MACHINE CORPORATION |
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ID: |
0100029747 |
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Date Created: |
1976 |
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Date
Incorporated: |
11/30/1976 |
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Legal Address: |
Agent: E MICHAEL ACKLEY Agent/SOP Address: 1273 CHURCH ROAD
,MOORESTOWN,NJ,08057 0000 |
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Operative
Address: |
1273 N Church Street Ste 106 Moorestown, NJ 08057 United States |
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Telephone: |
856-234-3626 |
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Fax: |
(856) 234-8657 |
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Legal Form: |
CORPORATION |
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Email: |
sales@ackleymachine.com |
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Registered in: |
NEW JERSEY |
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Website: |
www.ackleymachine.com |
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Contact: |
E M Ackley - President |
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Staff: |
34 |
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Activity: |
NAICS 1: Printing Machinery and Equipment
Manufacturing SIC 1: Printing Trades Machinery |
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Banks
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BANK OF AMERICA |
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History
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The company was founded in 1976. |
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PRINCIPAL
ACTIVITY
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The company's line of business includes
manufacturing printing trades machinery. |
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Products/Services
description: |
The company offers printing systems, laser drilling systems, vision
inspection systems, adjustable angle ramp systems, drum style systems,
sorters and feeders. |
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Brands: |
ACKLEY |
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Sales are: |
Wholesale |
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Clients: |
Mazapan De La Rosa SA De Cv Hershey Mexico Sa De Cv |
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Suppliers: |
Mylan Laboratories Ltd. Cadila Healthcare Limited Mcneil Ab |
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Operations area:
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National and International |
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The company
imports from |
INDIA SWEDEN |
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The company
exports to |
MEXICO |
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The subject
employs |
34 employees |
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Payments: |
No complaints |
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LOCATION
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Headquarters : |
1273 N Church Street Ste 106 Moorestown, NJ 08057 United States |
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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 obtained through private sources and could not be
confirmed: The major holder of this company is: Michael Ackley |
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Management: |
E M Ackley – President Richard J Braemer - Secretary Eva Liu – Book Keeper |
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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 |
4.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
INSPECTION SYSTEM Publication number: 20130134072 Abstract: An inspection system is configured for use with a conveyer
apparatus including carrier bars. Each carrier bar conveys pellet-shaped
articles along a predetermined path. The inspection system includes at least
one camera unit for sensing a predetermined characteristic of the
pellet-shaped articles, a removal unit, and a controller. The removal unit,
downstream from the at least one camera unit, removes selected pellet-shaped
article(s) from the carrier bar(s) depending on whether the characteristic is
sensed by the at least one camera unit. The controller is in communication
with the at least one camera unit and the removal unit. The controller
provides a signal to the removal unit in accordance with the sensed
characteristic. The removal unit includes a rotatable ejection drum having
extended vacuum nozzles along its length, equal to the number of articles
conveyed in each carrier bar. Each vacuum nozzle selectively removes article(s)
from the carrier bar(s) by suction. Type: Application Filed: January 14, 2013 Publication date: May 30, 2013 Applicant: ACKLEY MACHINE CORPORATION Inventor: Ackley Machine Corporation Method and apparatus for transporting and processing a plurality of
articles Publication number: 20070125625 Abstract: An apparatus for transporting and processing a plurality of
articles includes a conveyer structured to convey a plurality of articles along
a conveyer path and at least one processing station provided along the
conveyer path to perform at least one processing operation. The conveyer path
includes at least one loop or festoon. Type: Application Filed: November 29, 2006 Publication date: June 7, 2007 Applicant: Ackley Machine Corporation Inventor: E Ackley Method and apparatus for transporting and processing a plurality of
articles Patent number: 9004272 Abstract: An apparatus for transporting and processing a plurality of
articles includes a conveyer structured to convey a plurality of articles
along a conveyer path and at least one processing station provided along the
conveyer path to perform at least one processing operation. The conveyer path
includes at least one loop or festoon. Type: Grant Filed: November 29, 2006 Date of Patent: April 14, 2015 Assignee: Ackley Machine Corporation Inventor: E Michael Ackley, Jr. Methods and Systems for Inspection and/or Identification of
Pellet-Shaped Articles Publication number: 20090059214 Abstract: A conveyer mechanism may include one or more composition
inspection units provided along the intended product transport path. The
product's composition, e.g., its ink composition, is compared with a
predetermined standard, to determine whether the product is acceptable. A bar
code may be provided to an external surface of the article for
identification/traceability purposes. Type: Application Filed: June 13, 2005 Publication date: March 5, 2009 Applicant: ACKLEY MACHINE CORPORATION Inventors: E. Michael Ackley, JR., Daniel J. Palmer Method and apparatus for transporting caplets Publication number: 20100252401 Abstract: A carrier bar for conveying at least one caplet along a
predetermined conveyer path includes at least one pocket adapted to receive a
caplet. Each pocket includes a longitudinal axis that is angled or offset
from a direction of travel of the carrier bar in use. Each caplet includes a
first side, a second side opposite the first side, and a belly band that
interconnects the first and second sides. Type: Application Filed: October 1, 2009 Publication date: October 7, 2010 Applicant: ACKLEY MACHINE CORPORATION Inventor: E. Michael Ackley, JR. |
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CASES |
No found. |
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RENEWAL HISTORY |
Annual Report Month: NOVEMBER Last Annual Report Filed: 09/11/2017 Year: 2017 |
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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 1976, Ackley Machine Corporation
is a mid-sized organization in the printing trades machinery manufacturers
industry located in Moorestown, NJ. It has 34 full time employees and
generates an estimated $4 million in annual revenue. The company operates nationally and internationally,
mainly importing from India and Sweden. 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 |
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 |
Joe |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the company, the
address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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USD |
1 |
INR 64.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
SYL |
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.