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MIRA INFORM REPORT
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Report No. : |
483992 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
JWC ENVIRONMENTAL, LLC |
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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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Date of Incorporation : |
1973 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Subject designs, builds, and services
shredders and screens for wastewater, recycling, food waste, and green
technology applications. |
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No. of Employees : |
160 |
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 (30.06.2017) |
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: |
JWC ENVIRONMENTAL, LLC |
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TradeName: |
Disposable Waste Systems Windjmmer Capitl Investors Iii |
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ID: |
5006433 |
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Date Created: |
1973 |
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Date Incorporated: |
7/6/2011 |
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Legal Address: |
CORPORATION TRUST CENTER 1209 ORANGE ST WILMINGTON New Castle DE 19801 |
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Operative Address: |
2850 Red Hill Ave, Suite 125 Santa Ana, CA 92705 USA |
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Telephone: |
(949) 833-3888 |
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Fax: |
(714) 242-0240 |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
jwce@jwce.com |
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Registered in: |
DELAWARE |
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Website: |
www.jwce.com |
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Contact: |
Ken Biele, Chief Executive Officer |
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Staff: |
160 |
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Activity: |
NAICS 1: Industrial Machinery and
Equipment Merchant Wholesalers SIC 1: Industrial Machinery And
Equipment |
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Banks: |
BANK OF AMERICA |
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The Company does not make its
banking details public |
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History: |
JWC Environmental, LLC was founded in
1973 and is headquartered in Costa Mesa, California |
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JWC Environmental,
LLC Key Developments JWC Environmental
Promotes Greg Guard to Senior Vice President of Global Sales Jul 20 16 JWC Environmental
announced the promotion of Greg Guard to senior vice president of global
sales. In this newly created position, Guard will be responsible for
directing JWC’s global sales initiatives and strategies. Guard joined JWC in
2012 to lead the newly created industrial business group and took on
responsibility for JWC’s municipal sales in North and South America in 2013. JWC Environmental
Appoints Anselmo Teixeira to Board of Directors Feb 17 16 JWC Environmental
has appointed Anselmo Teixeira to the JWC board of directors. Teixeira has
held multiple global roles at Dorr-Oliver, Eimco Process Equipment within the
Unites States, Canada, Brazil and other countries. He later served as the
senior vice president at U.S. Filter and its successors Veolia, Siemens. JWC Environmental
Announces the Addition of Anselmo Teixeira to the Board of Directors Feb 8 16 JWC Environmental
announced the addition of Anselmo Teixeira to the company's board of
directors. Teixeira, brings a new level of global leadership and experience
to the company. Teixeira has held multiple global roles at Dorr-Oliver, Eimco
Process Equipment (currently Ovivo) within the Unites States, Canada, Brazil
and other countries. He later served as the senior vice president at U.S.
Filter Corp. and its successors Veolia, Siemens Water (currently Evoqua Water
Technologies), which included managing the Global Municipal Wastewater group
for the company. Teixeira currently serves as a board member for Cambi AS. |
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PRINCIPAL
ACTIVITY
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JWC Environmental, LLC designs, builds,
and services shredders and screens for wastewater, recycling, food waste, and
green technology applications. |
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Products/Services description: |
Its products include in-pipeline, open
channel, sewage, in-channel sewage, sludge, manhole sewage, and food waste grinders;
industrial, waste, large waste, and extra-large waste shredders; airport
septage receiving, fish cleaning, and septage and grease receiving stations;
and wastewater fine, sewage pump station, heavy debris bar, and high-flow bar
and fine screens, as well as channel or hopper-feds, grinder tables,
wastewater washer compactors, and de-packaging and recycling systems. The
company’s products are used in agriculture, airport, biogas/co-digestion,
commercial and industrial, correctional institution, food processing, grease
receiving, headwork, healthcare, hospitality, membrane bioreactor,
multifamily, oil and gas, oil platform, product de-packaging/destruction,
pump station, recycling facility, seafood processing, septage receiving,
sludge, and waste management applications. It also offers service contracts
for the maintenance, repair, upgrade, and replacement of screens and
grinders; exchange programs, spare cutter cartridges, and parts; and
preventative maintenance and inspection services. |
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Brands: |
The company does not have any brands |
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Sales are: |
Wholesale |
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Clients: |
Agriculture industry Airports biogas/co-digestion commercial and industrial institutions correctional institution food processing industry grease receiving institutions healthcare and hospitality institutions membrane bioreactor multifamily oil and gas and oil platform product de-packaging/destruction pump stations recycling facility seafood processing institutions septage receiving, sludge, and waste
management applications |
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Suppliers: |
Ningbo Saivs Machinery Co.,Ltd China Solid Source Limited Hong Kong |
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Operations area: |
National |
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The company imports from |
China |
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The company exports to |
No export |
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The subject
employs |
160 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
2850 Redhill Ave Ste 125 Santa Ana, California 92705-5541 United States |
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Comments: |
290 Paularino Ave This business is located at 290 Paularino
Ave, a commercial address in Costa Mesa, CA. The commercial property was last
sold on June 30, 2000. Estimated Value The commercial building has an estimated
value of $2.29 million USD, which is slightly above average for commercial properties
in the area. When the building was last assessed in 2012, the assessment
value was $2.24 million USD. Property Size With 12,696 square feet of space, this
building is much larger than most commercial properties in the 92626 zip code
- the average in the area is 2,956 square feet. |
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Branches: |
The company does not have branches |
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Related Companies: |
Canadian Factory 2889 Norland Avenue Burnaby, BC V5B 3A9 Canada Asia Pacific Regional Office 12 Jian She San Lu Xiaoshan Economic and Technology Park Xiaoshan Qu, Hangzhou Shi, Zhejiang
Sheng, 311215 China European Headquarters JWC International Unit 15, Daneside Business Park, River
Dane Road Congleton, Cheshire CW12 1UN United
Kingdom Middle East Regional Office 204 Almadinah Almunwarah St. Amman, Jordan FRC Systems 505 Industrial Way Cumming, GA 30040 USA FRC Systems Canada 10 Sunray Street, Suite 23B Whitby, Ontario L1N 9B5 Canada |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NA |
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Capital: |
NO |
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Shareholders: |
Windjammer Capital Investors Iii, Llc 610 Newport Center Dr # 1100 Newport Beach, CA, USA |
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Management: |
Mr. Ken Biele Chief Executive Officer Mr. Joseph Chambers Jr. President Mr. Joe Ruiz Chief Financial Officer Mr. Greg Queen Vice President of Global Operations Mr. Fritz Egger Managing Director of Asia, Pacific &
Middle East Operations |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. The following information was provided by private sources: |
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USD 2016 |
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Net Assets |
8 220 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Vertical
support member for intermediate yokes on comminutor cutter shafts Patent
number: 9421550 Abstract:
A comminutor for reducing the particle size of solid waste is provided. The
comminutor includes at least two shafts, each fitted with a cutting element.
A top portion of each of the shafts is rotatably mounted to a top housing and
a bottom portion of each of the shafts is rotatably mounted to a bottom
housing. The comminutor also includes a first shaft support disposed between
the top portion and the bottom portion for rotatably supporting each of the
shafts and a vertical support member attached to the top housing and the
bottom housing, the first shaft support being coupled to the vertical support
member. Type:
Grant Filed:
September 27, 2012 Date of
Patent: August 23, 2016 Assignee:
JWC Environmental, LLC Inventors:
Corey Glauberman, Robert Sabol, Bruce R. Hamlett TWO-DIMENSIONAL
CUTTING FEATURES Publication
number: 20160082443 Abstract:
An apparatus for comminuting solid waste material including a casing defining
a comminution chamber and being open on opposite sides thereof for permitting
the flow of liquid therethrough. The apparatus including cooperating
substantially parallel first and second shafts, each including a plurality of
cutting elements mounted on said first shaft in interspaced relationship with
a plurality of second cutting elements mounted on said second shaft, each of
said cutting elements having at least one cutting tooth thereon, said cutting
elements being positioned between and separated in an axial direction by
spacers which are coplanar with the cutting elements of the adjacent stack
such that a cutting element from one stack and a spacer from the other stack
form a pair of interactive shredding members, wherein the spacers have a textured
or scalloped outer cylindrical surface. Type:
Application Filed:
September 23, 2015 Publication
date: March 24, 2016 Applicant:
JWC ENVIRONMENTAL, LLC Inventors:
Todd NYDAM, Corey GLAUBERMAN, Daniel MCHUGH, Rob SABOL HIGH
FLOW HIGH CAPTURE SIDE RAILS FOR COMMINUTOR Publication
number: 20160082442 Abstract:
An apparatus for comminuting solid waste material is provided. The apparatus
includes a casing and a comminutor assembly including a plurality of cutting elements
mounted on said first shaft in interspaced relationship with a plurality of
second cutting elements mounted on said second shaft. The casing includes
laterally opposed side rails each having a wall extending parallel to the
flow direction of the liquid through the comminution chamber, a plurality of
planar fins projecting outwardly of said rear wall in the direction of said
stack, aligned with the flow direction of the liquid and being spaced from
each other in a vertical direction to form slots therebetween, and the planar
fins having a leading edge extending from the wall upstream a rearward edge,
the rearward edge extending from an outermost portion of the leading edge
toward the wall, and the fins have a path ratio greater than 1.55 to 1. Type: Application Filed:
September 23, 2015 Publication
date: March 24, 2016 Applicant:
JWC ENVIRONMENTAL, LLC Inventors:
Rob SABOL, Daniel MCHUGH, Kevin MOIR, Corey GLAUBERMAN,
Todd NYDAM PERFORATED
ROTARY CUTTER Publication
number: 20160082444 Abstract:
An apparatus for comminuting solid waste material is provided an includes a
casing defining a comminution chamber and being open on opposite sides
thereof for permitting the flow of liquid therethrough and a comminutor
assembly including cooperating substantially parallel first and second
shredding stacks. The comminutor assembly includes first and second parallel
shafts rotabably mounted, each including a plurality of cutting elements
mounted on said first shaft in interspaced relationship with a plurality of second
cutting elements mounted on said second shaft, the cutting elements being
positioned between and separated in an axial direction by spacers which are
coplanar with the cutting elements of the adjacent stack such that a cutting
element from one stack and a spacer from the other stack form a pair of
interactive shredding members, wherein the at least one cutting tooth has a
plurality of serrations, a tapered profile or a bi-level profile. Type:
Application Filed:
September 23, 2015 Publication
date: March 24, 2016 Applicant:
JWC ENVIRONMENTAL, LLC Inventors:
Rob SABOL, Corey GLAUBERMAN, Daniel MCHUGH, Todd NYDAM, John SCHATZLEIN VERTICAL
SUPPORT MEMBER FOR INTERMEDIATE YOKES ON COMMINUTOR CUTTER SHAFTS Publication
number: 20140084095 Abstract:
A comminutor for reducing the particle size of solid waste is provided. The
comminutor includes at least two shafts, each fitted with a cutting element.
A top portion of each of the shafts is rotatably mounted to a top housing and
a bottom portion of each of the shafts is rotatably mounted to a bottom
housing. The comminutor also includes a first shaft support disposed between
the top portion and the bottom portion for rotatably supporting each of the
shafts and a vertical support member attached to the top housing and the
bottom housing, the first shaft support being coupled to the vertical support
member. Type:
Application Filed:
September 27, 2012 Publication
date: March 27, 2014 Applicant:
JWC Environmental, LLC Inventors:
Corey GLAUBERMAN, Robert SABOL, Bruce R. HAMLETT |
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GOVERNMENT CONTRACTS |
No records found |
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CASES |
No records found |
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TRADEMARKS |
JWC Environmental, LLC Trademarks BAR SCREEN MONSTER Screening machine used to remove solids
from wastewater flows Owned by: JWC ENVIRONMENTAL, LLC Serial Number: 85289399 WIPES READY Technology feature sold as an integral
component part of disposable waste comminuters for fine grinding Owned by: JWC Environmental, LLC Serial Number: 87079282 MONSTER METAL Cutting elements, being machine parts
for grinders, comminutors and shredding machines Owned by: JWC Environmental, LLC Serial Number: 87517967 |
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RENEWAL HISTORY |
SI-COMPLETE 05/22/2017
17467307 SI-COMPLETE 10/11/2016
16774066 REGISTRATION 07/20/2011 |
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SUMMARY
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Jwc Environmental Llc is a mid-sized
organization in the industrial machinery and equipment companies industry
located in Santa Ana, CA. It opened its doors in 2011 and now has an estimated
$8.2 million in yearly net assets and 160 employees. The company imports from China, with no
export records found. It is active in CALIFORNIA, 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 |
Marie |
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POSITION |
Assistant |
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COMMENTS |
The person contacted confirmed name of
the company, address staff number, website, products and activity. She refused to provide more details. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.48 |
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1 |
INR 86.41 |
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Euro |
1 |
INR 76.54 |
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US Dollar |
1 |
INR 63.41 |
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
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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.