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MIRA INFORM REPORT
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Report No. : |
483867 |
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Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
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Name : |
COLUMBIAN CHEMICALS COMPANY |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801 |
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Country : |
United States |
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Year of Establishment : |
1921 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject manufactures carbon black additives for rubber, plastic,
coatings, inks, and other industrial sectors worldwide. |
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No. of Employees : |
1300 |
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+ |
Low Risk |
Business dealings permissible with low
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 (30.06.2017) |
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 has 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: |
COLUMBIAN CHEMICALS COMPANY |
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Trade Name: |
COLUMBIAN CHEMICALS COMPANY |
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ID: |
2032909 |
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Date Created: |
1921 |
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Date
Incorporated: |
4/12/1984 |
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Legal Address: |
CORPORATION TRUST CENTER 1209 ORANGE ST,
WILMINGTON, NEW CASTLE, DE, 19801 |
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Operative
Address: |
1800 West Oak Commons Court Marietta, GA 30062-2253 United States |
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Telephone: |
770-792-9400 |
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Fax: |
770-792-9623 |
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Legal Form: |
CORPORATION |
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Email: |
- |
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Registered in: |
DELAWARE |
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Website: |
www.birlacarbon.com |
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Contact: |
Santrupt B. Misra – Chief Executive
Officer |
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Staff: |
1300 |
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Activity: |
Chemical Manufacturing Industry |
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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 1921. |
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Parent Company: |
As of April 10, 2014, Columbian Chemicals
Company, Inc. operates as a subsidiary of : SKI Carbon Black (India) Private Limited Village Lohop, Talavali Patalhanga, Taluka Khalapur District Raigad Khalapur,
410207 India |
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PRINCIPAL
ACTIVITY
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Columbian Chemicals Company, Inc. manufactures
carbon black additives for rubber, plastic, coatings, inks, and other
industrial sectors worldwide. |
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Products/Services
description: |
It offers rubber carbon black products for use in tires and mechanical
rubber goods; and carbon specialty black products. Columbian Chemicals
Company, Inc. was formerly known as Columbian Carbon Company. |
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Brands: |
Columbian Chemicals Company |
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Sales are: |
Wholesale |
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Clients: |
High Chem Specialties Mexico Sa De C.V. Hexagon Polymers Compounding Sa De Cv Corporacion De Occidente, S.A. De C.V. Teknor Apex Asia Pacific (Pty)Ltd. Kyungwon New Columbian Chemicals Brasil
Ltda Materials Inc. |
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Suppliers: |
Shanghai Kestro Polychem Incorporate Co.,
Ltd. Doright Co., Ltd. Lab Tech Engineering Co.,Ltd. Columbian Carbon Europa SRL Dsf Refractories & Minerals Limited |
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Operations area:
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National and International |
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The company
imports from |
CHINA THAILAND ITALY UNITED KINGDOM |
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The company
exports to |
MEXICO SINGAPORE SOUTH KOREA |
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The subject
employs |
1300 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
1800 West Oak Commons Court Marietta, GA 30062-2253 United States |
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Comments on
Address: |
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Branches: |
Some of the company´s branches are: Columbian Chemicals Company (Branch
Location) 3500 S Road S Ulysses, Kansas 67880-8103 United States Columbian Chemicals Company (Branch
Location) 370 Columbia Chemical Ln Centerville, Louisiana 70522 United States Columbian Chemicals Company (Branch
Location) 1149 B St Franklin, Louisiana 70538-4306 United States |
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Related
Companies: |
The company has offices in Hamilton,
Canada; Bahia and Cubatao, Brazil; Tiszaujvaros, Hungary; Hannover, Germany; Trecate,
Italy; Cantabria, Spain; Seoul and Yeosu, South Korea; Uttar Pradesh, New
Delhi, and Maharashtra, India; Angthong and Bangkok, Thailand; Alexandria,
Egypt; and Lianoning, Qingdao, and Weifang, China. |
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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: |
As of April 10, 2014, Columbian Chemicals
Company, Inc. operates as a subsidiary of : SKI Carbon Black (India) Private Limited Village Lohop, Talavali Patalhanga, Taluka Khalapur District Raigad Khalapur,
410207 India |
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Management: |
Santrupt B. Misra – Chief Executive
Officer and Director of Group HR, Aditya Birla Management Corporation. Pvt.,
Ltd. MSurendra Goyal B.Com., FCA - Chief
Financial Officer Kevin Boyle - Chief Operating Officer Ronaldo Silva Duarte - President of South
American Region John Loudermilk - President of North
America, Europe and Africa Regions |
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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 2015 |
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Revenue |
402.211.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Sulfonated carbonaceous materials Patent number: 7241334 Abstract: The present invention provides
methods for the incorporation of sulfonate functional groups onto the surface
of carbonaceous compounds and materials, and similarly provides several
surface modified carbonaceous compounds and materials resulting therefrom. Type: Grant Filed: August 28, 2002 Date of Patent: July 10, 2007 Assignee: Columbian Chemicals Company Inventor: Bollepalli Srinivas Surface modification of carbonaceous
materials by introduction of gamma keto carboxyl containing functional groups Patent number: 6831194 Abstract: The present invention provides a
method for the preparation of carbonaceous materials comprising a plurality
of gamma-keto-carboxyl containing functional groups surface bonded thereto, and
further provides several surface modified carbonaceous materials resulting
therefrom. Type: Grant Filed: August 28, 2002 Date of Patent: December 14, 2004 Assignee: Columbian Chemicals Company Inventor: Bollepalli Srinivas Hydrogen peroxide oxidation of carbon
black Patent number: 6120594 Abstract: A process for the oxidation of
carbon black with an aqueous mixture of hydrogen peroxide where carbon blacks
are mixed with aqueous hydrogen peroxide then dried in order to efficiently
oxidize industrial quantities of carbon black using standard carbon black
production equipment and production rates and under conditions that produce
no hazardous emissions and require no special handling. Type: Grant Filed: April 28, 1999 Date of Patent: September 19, 2000 Assignee: Columbian Chemicals Company Inventors: John Carleton Curtis, Rodney L.
Taylor, George A. Joyce Beader drum method Patent number: 4859387 Abstract: A carbon black beader drum
having a plow-like member extending into the moving bed of beads within the
drum. The member parts the surface of the moving bed, and carbon black in
powder form is added to the beader drum by placement into the impression or
furrow created in the moving bed by the member. The added powder is covered a
short distance behind the member, preventing the powder from depositing on
the inner surface of the beader drum. Type: Grant Filed: January 26, 1988 Date of Patent: August 22, 1989 Assignee: Columbian Chemicals Company Inventor: James E. McGuffin Measurement of carbon black dispersion Patent number: 4220042 Abstract: A method is disclosed for
determining the dispersion of carbon black in elastomeric slabs by cutting a
slab to form a planar surface and moving a height measuring transducer stylus
over the planar surface. The transducer stylus provides an output current at
a voltage which varies in correspondence to the relative height of roughness
peaks on the planar surface. Accordingly, the size of the peaks determines
the size of carbon black agglomerates and the frequency of peaks for a
predetermined range of height is determinative of percent dispersion of the
carbon black. Type: Grant Filed: March 26, 1979 Date of Patent: September 2, 1980 Assignee: Columbian Chemicals Company Inventors: Paul C. Vegvari, William M.
Hess, Vincent E. Chirico |
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GOVERNMENT
CONTRACTS |
No found. |
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CASES |
Columbian Chemicals Company v. Gear
Reducer Services, LLC et al Plaintiff: Columbian Chemicals Company Defendant: Gear Reducer Services, LLC, Victor
Frank and Thomas Frank Case Number: 4:2017cv01617 Filed: May 26, 2017 Court: Texas Southern District Court Office: Houston Office County: XX US, Outside State Presiding Judge: Kenneth M Hoyt Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None Columbian Chemicals Company v. Brandywine
Group of Insurance and Reinsurance Companies Plaintiff: Columbian Chemicals Company Defendant: Brandywine Group of Insurance
and Reinsurance Companies Case Number: 3:2015cv00382 Filed: June 12, 2015 Court: Louisiana Middle District Court Office: Baton Rouge Office Presiding Judge: James J. Brady Referring Judge: Richard L. Bourgeois Nature of Suit: Insurance Cause of Action: 28:1332
Diversity-Insurance Contract Jury Demanded By: Both Talkington v. Columbian Chemicals Company Plaintiff: Columbian Chemicals Company Defendant: AIG Specialty Insurance Company Counter_claimant: AIG Specialty Insurance
Company Counter_defendant: Columbian Chemicals
Company Case Number: 5:2014cv00166 Filed: December 31, 2014 Court: West Virginia Northern District
Court Office: Wheeling Office County: XX US, Outside State Presiding Judge: John Preston Bailey Nature of Suit: Insurance Cause of Action: 28:1332 Jury Demanded By: None |
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TRADEMARKS |
NEOTEX Carbon Black for Use in the Rubber
Industry Owned by: Columbian Chemicals Company Serial Number: 71439405 FURNEX Particulate Carbon Having a General Use in
the Industrial Arts Owned by: Columbian Chemicals Company Serial Number: 71444613 NEO-SPECTRA Particulate Carbon Having a General Use in
the Industrial Arts Owned by: Columbian Chemicals Company Serial Number: 71444820 RAVEN Carbon Black for Use as an Ink Pigment Owned by: Columbian Chemicals Company Serial Number: 71449893 CCC COLUMBIAN CHEMICALS COMPANY Chemicals-Namely, Carbon Black Used in
Industry as a Reinforcing Agent (Especially in the Rubber and Plastic
Industries)… Owned by: Columbian Chemicals Company Serial Number: 73265279 CCC COLUMBIAN CHEMICALS COMPANY Butyl Rubber Owned by: Columbian Chemicals Company Serial Number: 73265281 ULTRA CARBON BLACK FOR RUBBER REINFORCEMENT, AND
IRON OXIDE FOR USE IN THE FURTHER MANUFACTURE OF PAINT Owned by: Columbian Chemicals Company Serial Number: 73588440 |
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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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Columbian Chemicals Company is a large-sized
organization in the carbon black companies industry located in Marietta, GA. It opened its doors in 1921 and now has an
estimated $402 million in yearly revenue and 1,300 employees. The company mainly imports from China,
Thailand, Italy and United Kingdom. It operates nationally and
internationally. 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 |
- |
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POSITION |
Secretary |
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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
and the number of employees. She was reluctant to provide further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.67 |
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1 |
INR 85.90 |
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Euro |
1 |
INR 76.41 |
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USD |
1 |
INR 63.73 |
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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VIV |
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Report Prepared
by : |
NIT |
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.