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MIRA INFORM REPORT
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Report No. : |
485467 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HABASIT AMERICA, 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 : |
1968 |
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Legal Form : |
Corporation |
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Line of Business : |
Designs, produces, and services power transmission, conveyor, and
processing belts; and gears, motors, and gearmotors. |
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No. of Employees : |
560 |
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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Address in the order: |
BELTS
AND GEAR MOTORS DIVISION 1400 CLINTON STREET BUFFALO NY 14206 (This address
corresponds to a branch location) |
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Legal Name: |
HABASIT
AMERICA, INC. |
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Trade Name: |
HABASIT
AMERICA, INC. |
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ID: |
3306926 |
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Date Created: |
1968 |
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Date Incorporated: |
10/25/2000 |
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Legal Address: |
251 Little Falls Drive Wilmington New Castle DE
19808 |
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Operative Address: |
805 Satellite Boulevard Suwanee, GA 30024 United
States |
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Telephone: |
+1
800 458 6431 (716)
824-8484 |
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Fax: |
+1
800 422 2748 |
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Legal Form: |
Corporation |
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Email: |
info.america@us.habasit.com |
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Registered in: |
DELAWARE |
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Website: |
www.habasitamerica.com |
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Contact: |
ANDREA
VOLPI Chief Executive Officer |
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Staff: |
560 |
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Activity: |
NAICS 1: Other Fabricated Wire Product Manufacturing NAICS 2: Rubber and Plastics Hoses and Belting
Manufacturing SIC 1: Conveyor Belts SIC
2: Rubber And Plastics Hose And Beltings |
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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
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Habasit
America, Inc. was formerly known as Habasit Belting, LLC and changed its name
to Habasit America, Inc. in April 2008. The company was incorporated in 1968
and is based in Suwanee, Georgia. Habasit America, Inc. operates as a
subsidiary of Habasit AG. |
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PRINCIPAL
ACTIVITY
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Habasit America, Inc. designs, produces, and
services power transmission, conveyor, and processing belts; and gears,
motors, and gearmotors. |
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Products/Services description: |
It offers conveyor and processing belts for
resistance to wear or chemical agents, and to high or low temperatures; positive
drive belts print to reduce the risk of contamination due to product waste
and residues in gaps, hinges, and dead spots; modular belts; slat and
conveyor chains for retrofitting; and timing belts to support conveying and
linear movement applications. The company also provides power transmission
belts for open drive, tangential drive, multiple pulley drive, live roller
drive, and double-sided power transmission; machine tapes to convey speed up,
slow down, position, and fold the paper material processes; spindle tapes to
handle spindle speeds; folder-gluer belts for various box folding
applications; seamless belts; and extruded round belts for conveying and
driving applications. In addition, Habasit America, Inc. offers wear strips,
sliding supports, and guides, as well as curved and straight tracks;
thermoplastic profiles and cleats for general conveying on inclining,
declining transport in linear movement, or in applications where transversal
forces occur; and fabrication tools and devices, such as cutters and
slitters, die-cutter and skiving devices, hot-pressing devices, welders and
welding machines, and accessories. Further, the company provides branded
merchandise, such as umbrellas, Swiss watches, and apparel. |
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Brands: |
The
company does not have brands |
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Sales are: |
WHOLESALE |
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Clients: |
It
serves automotive and tire, food, materials handling, wood, paper, textile,
tobacco, fitness, postal, printing and paper, business machines, bottling and
canning, packaging, and other industries. |
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Suppliers: |
Khosla
Profil Pvt Ltd. India |
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Operations area: |
National |
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The company imports from |
India |
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The subject employs |
560 |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
805 Satellite Boulevard Suwanee, GA 30024 United
States |
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Comments: |
805 Satellite Blvd
NW This business is
located at 805 Satellite Blvd NW, a commercial address in Suwanee, GA. The
warehouse was last sold on December 29, 2004 for $2.58 million USD. Estimated Value The warehouse has an
estimated value of $2.9 million USD, which places it among the most valuable
10% of warehouses in the area. When the building was last assessed in 2012,
the assessment value was $2.8 million USD. Property Size With 327,126 square feet of space, this building is
one of the largest warehouses in the 30024 zip code. The average warehouse in
the area has around 2,956 square feet. |
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Branches: |
HABASIT BELTING DIVISION 1400 CLINTON STREET BUFFALO NY 14206, USA 2670 L Bridge Rd 200 Leesport, Pennsylvania 19533 150 Industrial Park Rd Middletown, Connecticut 06457-1521 2501 Dupont Dr Jonesboro, Arkansas 72401-6725 |
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Related Companies: |
Habasit
Holding Habasit
Abt, Inc Habasit
Holding USA, Inc Habasit
(Canada) Limited Habasit
Italiana Spa Rossi
SpA |
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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: |
Habasit
America, Inc. operates as a subsidiary of: Habasit
AG Germany
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Management: |
ANDREA VOLPI, Chief Executive Officer Ms. Mary Terribile, Customer Care Manager Mr. Mike Berdysiak , Information Technology Manager Mr. Vinod Chahal, Fabric Development Manager |
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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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Estimated Assets |
43 000 000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
No
found |
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PATENTS |
Removable profile assembly and method of use Patent number: 9044901 Abstract: A profile assembly for use on a belt
comprises a base configured to be attached to the belt, wherein the base
comprises a lower portion configured to be in physical communication with a
surface of the belt, and an upper portion comprising aperture channel
therein, and a lip disposed adjacent to the channel on a side of the upper
portion; and a removable profile configured to matingly engage the base,
wherein the profile comprises an outer portion configured to be in physical
communication with an object to be conveyed, and an inner portion configured
to be inserted into the upper portion, wherein the inner portion comprises a
protrusion extending from a first surface of the inner portion, the
protrusion configured to extend through the aperture and snap fit with the
lip. Type: Grant Filed: May 14, 2012 Date of Patent: June 2, 2015 Assignee: HABASIT AMERICA, INC. Inventors:
Arthur F. Williams, Paul H. Stevens REMOVABLE PROFILE ASSEMBLY AND METHOD OF USE Publication number: 20130298372 Abstract: A profile assembly for use on a belt
comprises a base configured to be attached to the belt, wherein the base
comprises a lower portion configured to be in physical communication with a
surface of the belt, and an upper portion comprising aperture channel
therein, and a lip disposed adjacent to the channel on a side of the upper
portion; and a removable profile configured to matingly engage the base,
wherein the profile comprises an outer portion configured to be in physical
communication with an object to be conveyed, and an inner portion configured
to be inserted into the upper portion, wherein the inner portion comprises a
protrusion extending from a first surface of the inner portion, the
protrusion configured to extend through the aperture and snap fit with the
lip. Type: Application Filed: May 14, 2012 Publication date: November 14, 2013 Applicant: HABASIT AMERICA, INC. Inventors:
ARTHUR F. WILLIAMS, PAUL H. STEVENS |
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GOVERNMENT CONTRACTS |
No
records found |
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CASES |
REXNORD INDUSTRIES, LLC, Appellant, v. DAVID J. KAPPOS, DIRECTOR UNITED STATES PATENT AND TRADEMARK OFFICE, Appellee,
v. HABASIT BELTING (NOW KNOWN AS HABASIT AMERICA INC.), Cross-Appellant. UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN INTEGRATED DRIVES, INC., : Plaintiff, : Case No: 2:08-cv-14949 RHC-MKM vs. : : Hon. Robert H. Cleland ROSSI GEARMOTORS, a division of : HABASIT AMERICA, INC., : Magistrate Judge Mona K.
Majzoub Defendant. |
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TRADEMARKS |
Trademarks owned by: Habasit AG HABIDUR Belts for conveyors, including process belts;
machine components, namely cords; power transmission belts for machines Owned by: Habasit AG Serial
Number: 79013244 HABACHAIN Metal chains Owned by: Habasit AG Serial
Number: 79014373 HABASYNC Machine parts for conveyors, namely, timing belts,
modular belts, power transmission belts, guides and wearstrips, profile… Owned by: Habasit AG Serial
Number: 79014769 HABADRIVE Transmission parts for machines, namely hollow, flat,
cross and round belts; machine parts, namely straps and bands designed… Owned by: Habasit AG Serial
Number: 79022349 HABAFLOW belt conveyors, belts for machines, power
transmission belts for machines and motors used in industrial applications,
transmission… Owned by: Habasit AG Serial
Number: 79027334 HABASIT ROSSI transmission parts for machines, namely hollow,
flat, tangential and round belts; machine parts, namely straps, belts for… Owned by: Habasit AG Serial
Number: 79027474 KVP HABASIT GROUP conveyor belts and component parts therefor; belts
for machines, power transmission belts for machines and motors used in… Owned by: Habasit AG Serial
Number: 79041400 HABASIT FITLINE Conveying belts; moving sidewalks Owned by: Habasit AG Serial
Number: 79056679 HABASIT CLEANDRIVE Conveying and processing belts Owned by: Habasit AG Serial
Number: 79068960 TRIBOPLUS Plastic components and profiles for conveyor belts
and belt conveyors, namely, wearstrips, belt guides, chain guides, and… Owned by: Habasit AG Serial
Number: 79176158 |
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RENEWAL HISTORY |
No
records found |
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UCC |
No
records found |
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SUMMARY
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Founded
in 1968, Habasit America, Inc. is a large-sized organization in the speed changers,
drives, and gears manufacturers industry located in Suwanee, GA. It
has 560 full time employees and generates an estimated $43 million in annual
revenue. The company imports from India, with no export
records found It
is ACTIVE in NEW YORK, 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 |
Sam
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POSITION |
HR |
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COMMENTS |
He
confirmed address, number of employees, NY division and CEO. He refused to
confirm more details on the phone. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.52 |
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1 |
INR 86.05 |
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Euro |
1 |
INR 76.53 |
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US Dollar |
1 |
INR 63.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.