MIRA INFORM REPORT

Report No. :	485411
Report Date :	12.01.2018

IDENTIFICATION DETAILS

Name :	EAST COAST EROSION BLANKETS, LLC
Registered Office :	555 Mountain Home Rd Sinking Spring Pa 19608-0 Berks
Country :	United States
Date of Incorporation :	07.03.2002
Legal Form :	Limited Liability Company
Line of Business :	Subject is engages in the manufacture and supply of erosion and sediment control products.
No. of Employees :	10

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED STATES - ECONOMIC OVERVIEW

The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.

In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.

Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.

The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.

Imported oil accounts for nearly 55% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.

The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.

Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.

In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.

In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.

In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed 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%.

Source : CIA

STATUTORY INFORMATION
Legal Name:	EAST COAST EROSION BLANKETS, LLC
Trade Names:	EAST COAST EROSION BLANKETS, LLC
ID:	3081689
Date Created:	2002
Date Incorporated:	07/03/2002
Legal Address:	555 MOUNTAIN HOME RD SINKING SPRING PA 19608-0 Berks, USA
Operative Address:	443 Bricker Road Bernville, PA 19506 United States
Telephone:	610-488-8496
Fax:	610-488-8494
Legal Form:	LIMITED LIABILITY COMPANY
Email:	-
Registered in:	PENNSYLVANIA
Website:	www.eastcoasterosion.com
Contact:	Rick Geissler - President
Staff:	10
Activity:	NAICS 1: Broadwoven Fabric Mills SIC 1: Blankets And Blanketings, Cotton
Banks:	Bank of America Susquehanna Bank Fulton Bank, N.A. HYG Financial Services, Inc.
History:	East Coast Erosion Blankets, LLC was founded in 2002 and is based in Bernville, Pennsylvania.
Key Developments:	EAST COAST EROSION BLANKETS LLC HIRES JOHN RAVERT MAR 23, 2010 East Coast Erosion Blankets LLC, Bernville, Pa., announced the hiring of John Ravert, a technical expert in the erosion and sediment control field. Ravert’s new role is director of technical services. “John is an excellent addition to our company,” said Diane Hitt, East Coast’s general manager. “East Coast Erosion Blanket’s success is the result of efficient combination of talent and quality products.” Previously, Ravert served as an erosion and sediment pollution control technician with the Berks County Conservation District (Pennsylvania) for nine years and served as the district’s manager for an additional 12 years. While managing the Conservation District, he administrated Berks County’s Erosion & Sediment Control and National Pollutant Discharge Elimination System programs as delegated by the Pennsylvania Department of Environmental Protection. He is a CPESC and NICET-certified erosion and sediment control engineering technician and an active member of the Mid-Atlantic chapter of the International Erosion Control Assn.
PRINCIPAL ACTIVITY
	East Coast Erosion Blankets, LLC engages in the manufacture and supply of erosion and sediment control products.
Products/Services description:	It offers accessories, T-recs, erosion blankets, open weave textiles, hydraulic erosion control products, sediment devices, coir mats, safety data sheets, and rolled erosion control products. The company serves channels, slopes, up-slope, down-slope, and staple patterns applications.
Brands:	East Coast Erosion Blankets
Sales are:	Wholesale
Clients:	Grupo Abarmar, S.A. De C.V. Terra Tecnologias Gpm S De Rl De Cv Soluciones Ambientales Integrales S.A. de C.V. Geopolimeros S A S
Suppliers:	Teka Maschinenbau Gmbh Mst Maschinenbau Gmbh Coirtech Industries (Pvt) Ltd. Coir Lanka Agrotwine (pvt) Ltd
Operations area:	National and International
The company imports from	GERMANY SRI LANKA
The company exports to	MEXICO COLOMBIA
The subject employs	10 employees
Payments:	Regular
LOCATION
Headquarters :	443 Bricker Road Bernville, PA 19506 United States
Comments on Address:	This business is located at 443 Bricker Rd, a commercial address in Bernville, PA. The warehouse has an estimated value of $772,591 USD, which places it among the most valuable 10% of warehouses in the area. When the building was last assessed in 2013, the assessment value was $743,200 USD. With 64,792 square feet of space, this building is one of the largest warehouses in the 19506 zip code. The average warehouse in the area has around 2,956 square feet.
Branches:	Manufacturing Facility 1051 E. Main St., Lake City, SC 29560, USA Manufacturing Facility 110 Wyttenhove Ln., Miles City, MT 59301, USA
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. The major holders are: Rick Geissler John Smith Tony Forino
Management:	Rick Geissler – President John G Smith – Vice President Diane Hitt - General Manager Mr. John Ravert - Director of Technical Services
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	2.800.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	No found.
GOVERNMENT CONTRACTS	No records found.
CASES	Vinnia Brayboy v. MST-Maschinenbau GmbH Plaintiff - Appellee: VINNIA C. BRAYBOY Defendant - Appellant: MST-MASCHINENBAU GMBH and MST-DRANBEDARF GMBH Third Party Defendant: EAST COAST EROSION BLANKETS LLC Case Number: 16-1155 Filed: February 12, 2016 Court: U.S. Court of Appeals, Fourth Circuit Nature of Suit: Personal Injury-Product Liability
TRADEMARKS	ECS-2 Erosion control mats Owned by: East Coast Erosion Blankets, LLC Serial Number: 77536033 T-RECS Erosion control fabric; Erosion control fabric, mats and sheeting, not of metal; Erosion control mats Owned by: East Coast Erosion Blankets, LLC Serial Number: 85024152 GROUNDCONTROL HYDROMULCH Mulch Owned by: East Coast Erosion Blankets, LLC Serial Number: 85081227 GROUNDCONTROL Mulch Owned by: East Coast Erosion Blankets, LLC Serial Number: 85183906
RENEWAL HISTORY	No records found.
UCC	Financial Statement No Filing Date Lapse Date Display Name Filing Type Mail Address City State ZipCode 2012101001443 10/10/2012 10/10/2017 East Coast Erosion Blankets, LLC Initial 443 Bricker Road Bernville PA 19506 2015072301867 07/20/2015 07/20/2020 East Coast Erosion Blankets, LLC Initial 443 Bricker Road Bernville PA 19506 2015072301881 07/20/2015 07/20/2020 East Coast Erosion Blankets, LLC Initial 443 Bricker Road Bernville PA 19506 2015072301893 07/20/2015 07/20/2020 East Coast Erosion Blankets, LLC Initial 443 Bricker Road Bernville PA 19506 2016111700498 11/17/2016 11/17/2021 East Coast Erosion Blankets, LLC Initial 443 Bricker Road Bernville PA 19506 2017051200901 05/12/2017 05/12/2022 EAST COAST EROSION BLANKETS, LLC Initial 443 BRICKER ROAD Bernville PA 19506
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Founded in 2002, East Coast Erosion Blankets, Llc is a small organization in the cotton fabric mills industry located in Bernville, PA. It has 10 full time employees and generates an estimated $2.9 million in annual revenue. The company operates nationally and internationally, mainly importing from Germany and Sri Lanka. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Mary
POSITION	Receptionist
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

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.74
UK Pound	1	INR 86.01
Euro	1	INR 76.14
USD	1	INR 63.62

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.