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MIRA
INFORM REPORT
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Report No. : |
494051 |
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Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BEMIS HEALTHCARE PACKAGING, 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 : |
17.04.1996 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in designs, manufactures,
and supplies medical packaging products. |
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No. of Employees : |
820 |
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 : |
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: |
BEMIS HEALTHCARE PACKAGING, INC. |
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Trade Names: |
BEMIS HEALTHCARE PACKAGING, INC. |
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ID: |
2614929 |
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Date Created: |
1996 |
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Date Incorporated: |
4/17/1996 |
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Legal Address: |
251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE, 19808,
USA |
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Operative Address: |
3500 N Main St Oshkosh, Wisconsin 54901-1233 United States |
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Telephone: |
(920) 527-3000 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
contactBemis@bemis.com |
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Registered in: |
DELAWARE |
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Website: |
www.bemis.com |
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Contact: |
Jorg Schneewind – President |
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Staff: |
820 |
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Activity: |
NAICS 1: Paper Bag and Coated and Treated Paper
Manufacturing NAICS 2: Packaging Machinery Manufacturing SIC 1: Paper; Coated And Laminated Packaging SIC 2: Packaging Machinery |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1996. |
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Parent Company: |
The company operates as a subsidiary of: Bemis Company, Inc. 1 Neenah Center 4th floor, Neenah, WI, USA |
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PRINCIPAL ACTIVITY |
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Bemis Healthcare Packaging, Inc. designs, manufactures,
and supplies medical packaging products. |
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Products/Services description: |
The Company offers combination drug and device packaging,
medical device and diagnostic packaging, and pharmaceutical packaging
solutions. |
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Brands: |
BEMIS |
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Sales are: |
Wholesale |
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Clients: |
Smiths Medical North America Bemis Flexible Packaging Equipos Medicos Vizcarra SA Laboratorios Le Roy S.A. de C.V. Becton Dickinson De Mexico Sa De Cv Surgiture Sas |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company exports to |
CHINA MEXICO COLOMBIA |
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The subject employs |
820 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
3500 N Main St Oshkosh, Wisconsin 54901-1233 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: |
Bemis Healthcare Packaging, Inc. (Branch Location) 9800 Bustleton Ave Philadelphia, Pennsylvania 19115-2146 United States Bemis Healthcare Packaging, Inc. (Branch Location) 755 Industrial Loop Rd New London, Wisconsin 54961-2600 United States Bemis Healthcare Packaging, Inc. (Branch Location) 1301 3rd Ave Mankato, Minnesota 56001-2903 United States |
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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: The company operates as a subsidiary of: Bemis Company, Inc. 1 Neenah Center 4th floor, Neenah, WI, USA This information was confirmed by the company. |
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Management: |
Jorg Schneewind – President Randy Brault - Director Operations Services Steve Grey - Business Process Improvement Manager Georgia Mohr - Market Development Director Pharmaceutical
Segment |
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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 |
100.000.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Sea Star Line, LLC et al Plaintiff: Sea Star Line, LLC and Tote Services, Inc. Defendant: Patrick John Smith, Ace American Insurance
Company, Jennifer Mathias, as Personal Representative of the Estate of
Jeffrey Mathias, Federal Insurance Company as subrogee of J.C. Penney
Corporation, Inc., Continental Insurance Company as subrogee of Goodnight
Acquisitions LLC a/k/a Goodnight International Inc., Goodnight Acquisitions
LLC a/k/a Goodnight International Inc., Crawford, Bemis Healthcare Packaging, Inc., Bemis Healthcare Packaging de
Puerto Rico, Inc., Bemis Company, Inc., Mars Chocolate North America, LLC,
Mars Pet Care US Inc., Costco Wholesale Corp., ACE Insurance Company, Seguros
Universal, S.A., Tote Shipholdings Inc. and Tote Inc. Claimant: ANNA KRAUSE, as Personal Representative of the
Estate of PIOTR KRAUSE, deceased, BOZENA TRUSZKOWSKA, as Personal
Representative of the Estate of ANDRZEJ TRUSZKOWSKI, deceased, AGNIESZKA
ZDOBYCH, as Personal Representative of the Estate of RAFAL ZDOBYCH, deceased,
AGNIESZKA NITA, as Personal Representative of the Estate of MARCIN NITA,
deceased, MALGORZATA PODGORSKA, as Personal Representative of the Estate of
JAN PODGORSKI, deceased, Estes Express Lines, PUSATERE, EMILY, as Personal
Representative of the Estate of RICHARD PUSATERE, deceased, Karen Schoenly,
Tina Riehm, Tracey Hatch, CHAMPA, VALMA, as Personal Representative of the
Estate of Louis Champa, Jr., deceased, SAIA Motor Freight Line, LLC, Mildred
Solar-Cortes, Tinisha Renee Thomas, Jill Jackson-d'Entremont,
Claudia Aparecida Shultz, as Personal Representative of the Estate of Steven
Wink Shultz, deceased, EFOODS INC., Great American Insurance Company of New
York, RLI Insurance Company, Indemnity Insurance Company of North America,
ADDREISHA SHIRLIEA JONES, THOSE CERTAIN UNDERWRITERS (SYNDICATE 1955,
SYNDICATE 2987, SYNDICATE 1183 AND SYNDICATE 0457) SUBSCRIBING TO POLICY #
B0180 PC1422840 AS SUBROGEE OF DEL VALLE BRANDS, INC. AND f/u/b/o DEL VALLE,
The Continental Insurance Company, Terri Hargrove, Maverick C&P, Inc.,
Laurie D. Bobillot, Kenneth W. Randolph, Elaine Meklin, Karl Meklin, Patricia
Quammie, as Personal Representative of the Estate of Theodore Quammie,
deceased, National Union Fire Insurance Company of Pittsburgh, PA, Donna
Griffin, Joanna Johnson, UPS Ground Freight, Inc., Willa Crawford, Claudette
Riley, Nissan North America, Inc., Cheryl Crawford-Glenn, BMW of North
America, Inc., Gargiulo, Inc., Cardinal Health, Dena Ann Lightfoot, Terri C.
Davis and Ruben Aquino Third_party_defendant: SHIP OR LAND OPERATIONS AGENCY,
INC., MICHAEL DAVIDSON and/or the ESTATE OF MICHAEL DAVIDSON, INTEC MARITIME
OFFSHORE SERVICE CORP., Tote Shipholdings Inc. and Tote Inc. Third_party_plaintiff: ANNA KRAUSE, as Personal
Representative of the Estate of PIOTR KRAUSE, deceased, BOZENA TRUSZKOWSKA,
as Personal Representative of the Estate of ANDRZEJ TRUSZKOWSKI, deceased,
AGNIESZKA ZDOBYCH, as Personal Representative of the Estate of RAFAL ZDOBYCH,
deceased, AGNIESZKA NITA, as Personal Representative of the Estate of MARCIN
NITA, deceased, MALGORZATA PODGORSKA, as Personal Representative of the
Estate of JAN PODGORSKI, deceased, Patricia Quammie, as Personal
Representative of the Estate of Theodore Quammie, deceased, Donna Griffin,
ACE Insurance Company and Seguros Universal, S.A. Counter_claimant: ANNA KRAUSE, as Personal Representative
of the Estate of PIOTR KRAUSE, deceased, BOZENA TRUSZKOWSKA, as Personal
Representative of the Estate of ANDRZEJ TRUSZKOWSKI, deceased, AGNIESZKA
ZDOBYCH, as Personal Representative of the Estate of RAFAL ZDOBYCH, deceased,
AGNIESZKA NITA, as Personal Representative of the Estate of MARCIN NITA,
deceased, MALGORZATA PODGORSKA, as Personal Representative of the Estate of
JAN PODGORSKI, deceased, Indemnity Insurance Company of North America, Ace
American Insurance Company, PUSATERE, EMILY, as Personal Representative of
the Estate of RICHARD PUSATERE, deceased, CHAMPA, VALMA, as Personal
Representative of the Estate of Louis Champa, Jr., deceased, Donna Griffin,
UPS Ground Freight, Inc., Terri C. Davis, ACE Insurance Company and Seguros
Universal, S.A. Counter_defendant: Sea Star Line, LLC, Tote Services,
Inc., Tote Shipholdings Inc., Tote Inc. and THOSE CERTAIN UNDERWRITERS
(SYNDICATE 1955, SYNDICATE 2987, SYNDICATE 1183 AND SYNDICATE 0457)
SUBSCRIBING TO POLICY # B0180 PC1422840 AS SUBROGEE OF DEL VALLE BRANDS, INC.
AND f/u/b/o DEL VALLE Intervenor: TRIVONDA PORTER Case Number: 3:2015cv01297 Filed: October 30, 2015 Court: Florida Middle District Court Office: Jacksonville Office County: Duval Presiding Judge: Harvey E. Schlesinger Referring Judge: Monte C. Richardson Nature of Suit: Other Personal Injury Cause of Action: 46:31301 Jury Demanded By: Defendant |
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TRADEMARKS |
All the trademarks found belong to the company`s parent: DELTASEAL PAPER BAGS AND CARTONS Owned by: BEMIS COMPANY, INC. Serial Number: 71316116 PARAFILM MOISTURE PROOF, SELF-SEALING FLAT WRAPPER Owned by: BEMIS COMPANY, INC. Serial Number: 71354211 FLORATAPE PAPER ADHESIVE TAPE FOR USE AS SELFSEALING BINDING TAPE
FOR STEMS, CORSAGES, BOUQUETS, WREATHS, FESTOONS, GARLANDS, AND… Owned by: BEMIS COMPANY, INC. Serial Number: 71462714 BEMIS BAGS AND SACKS MADE OF PAPER, [ FABRIC, ] LAMINATED FABRIC
AND PAPER, AND/OR OTHER MATERIALS Owned by: BEMIS COMPANY, INC. Serial Number: 71481399 Image Trademark BAGS AND SACKS MADE OF [ TEXTILE MATERIALS, ] PAPER,
LAMINATED TEXTILE MATERIAL AND/OR PAPER AND MOISTURE RESISTANT MATERIAL… Owned by: BEMIS COMPANY, INC. Serial Number: 71526857 BEMIS BAGS AND SACKS MADE OF PAPER, FABRIC, LAMINATED FABRIC AND
PAPER, AND/OR OTHER MATERIALS Owned by: BEMIS COMPANY, INC. Serial Number: 71526864 FINE-WELD BAGS MADE OF TRANSPARENT SYNTHETIC PLASTIC MATERIAL Owned by: BEMIS COMPANY, INC. Serial Number: 71664582 |
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RENEWAL HISTORY |
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 1996, Bemis Healthcare Packaging, Inc. is a
large-sized organization in the coated and laminated packaging paper
manufacturers industry located in Oshkosh, WI. It has 820 full time employees and generates an estimated
$100 million in annual revenue. The company operates nationally and internationally, mainly
exporting to China, Mexico and Colombia. It is ACTIVE in business with no
negative records. |
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 |
Susan |
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POSITION |
Operator |
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COMMENTS |
She 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 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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USD |
1 |
INR 65.27 |
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 : |
KET |
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
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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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.