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MIRA INFORM REPORT
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Report No. : |
487051 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MOTT CORPORATION |
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Formerly Known As : |
MOTT METALLURGICAL CORPORATION |
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Registered Office : |
1 Financial Plaza, Hartford, Ct, 06103 |
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Country : |
United States |
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Date of Incorporation : |
09.07.1959 |
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Legal Form : |
Corporation |
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Line of Business : |
Precision filtration and flow control company, engages in
porous metal product manufacturing, welding and fabrication, and CNC
machining |
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No. of Employees : |
326 |
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: |
MOTT CORPORATION |
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Trade Name: |
MOTT CORPORATION |
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ID: |
0032121 |
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Date Created: |
1959 |
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Date Incorporated: |
Jul 09, 1959 |
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Legal Address: |
1 FINANCIAL PLAZA, HARTFORD, CT, 06103 |
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Operative Address: |
84 Spring Ln Farmington, Connecticut 06032-3142 United States |
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Telephone: |
800-289-6688 |
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Fax: |
860-747-6739 |
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Legal Form: |
CORPORATION |
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Email: |
INFO@MOTTCORP.COM |
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Registered in: |
CONNECTICUT |
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Website: |
www.ottcorp.com |
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Contact: |
Boris Levin, President & CEO |
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Staff: |
326 |
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Activity: |
NAICS 1: All Other Miscellaneous General Purpose Machinery
Manufacturing |
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Banks: |
BANK OF AMERICA |
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History
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Mott Corporation was formerly known as Mott Metallurgical
Corporation and changed its name to Mott Corporation in February 2005. It was
founded by metallurgist Lambert (Bud) H. in 1959 and is based in Farmington,
Connecticut with manufacturing facilities in Farmington, Connecticut. It has
a sales office in Beijing, China. |
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Key developments: |
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Old Name Filing Number Filing Date MOTT METALLURGICAL CORPORATION 0002869667 Feb
14, 2005 |
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PRINCIPAL
ACTIVITY
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Mott Corporation, a precision filtration and flow control
company, engages in porous metal product manufacturing, welding and
fabrication, and CNC machining. |
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Products/Services description: |
The company offers sintered porous metal filters, high purity
filters, chromatography products, process filtration systems and sintered
filter elements, sintered spargers, gas diffusers, flame arrestors, metal
sterilizing grade filters, industrial filters, and diverse OEM porous metal
products, as well as flow restrictors, limiters, and setters. It also
provides SEM/EDS analysis, cleanliness testing, quantitative chemical
analysis, filtration performance and feasibility testing, mechanical
properties testing, porous media characterization, failure analysis and lifecycle
testing, metallography, miscellaneous lab, training and consulting, and
logistics and expedited shipping services. The company serves
microelectronics, medical, pharmaceutical, analytical instrumentation,
aerospace and defense, food and beverage, chemical processing, energy,
petroleum refining and petrochemical, environmental and waste water,
manufacturing equipment, biotechnology, transportation and engine markets, as
well as process control, monitor, and safety markets. It offers its products through
distributors in the United States and internationally. |
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Brands: |
MOTT CORP |
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Sales are: |
Wholesale |
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Clients: |
Filtracion Productiva Sa De Cv Mexico RESINAS SINTETICAS SA DE CV Mexico Polipropileno Del Caribe S.A. Colombia United Parcel Service De Mexico Sa De
Cv Mexico Industries served: Microelectronics Medical Pharmaceutical Analytical Instrumentation Aerospace & Defense Food & Beverage Chemical Processing Energy Petroleum Refining & Petrochemical Process Control, Monitor & Safety Environmental & Waste Water Manufacturing Equipment Biotechnology Transportation & Engine |
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Suppliers: |
ATOMISING SYSTEMS LTD. UK |
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Operations area: |
National and International |
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The company imports from |
UK |
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The company exports to |
Mexico |
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The subject employs |
326 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
84 Spring Ln Farmington, Connecticut 06032-3142 United States |
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Comments on Address: |
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Branches: |
5636 Stevens Creek Blvd Cupertino, California 95014-7618 75 Spring Ln Farmington, Connecticut 06032-3139 |
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Related Companies: |
NA |
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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: |
It is a 100 percent employee-owned company. Major holder
is: BORIS LEVIN |
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Management: |
Mr. Boris Levin, President & CEO Mr. Mike Listro, Chief Financial Officer Mr. David Allen, Vice President of Energy & Industrial
Markets |
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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 |
72 226 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Patents by Assignee Mott Corporation Sintered fiber filter Patent number: 9308584 Abstract: Sintered fiber filters are provided that can
afford high particle capture efficiency and/or low pressure drop during
operation, and are useful in applications such as semiconductor processing.
The shape of at least a portion of the individual fibers (e.g., metal fibers)
used to make the filter have a three-dimensional aspect, which allows for a
low packing density and high porosity filtration media. Certain filters have
a cylindrical or tube-like shape with tapered ends of higher density. Methods
of making such filters, for example, using axial pressing, are also
described. Type: Grant Filed: January 22, 2014 Date of Patent: April 12, 2016 Assignee: MOTT CORPORATION Inventors: Derek Burgess, Wayne F. White, Alfred M.
Romano, Todd W. Pflugbeil, Richard D. Balazy, Kenneth L. Rubow, John E.
Rosenberger Sinter bonded porous metallic coatings Patent number: 9149750 Abstract: A composite structure includes a substrate with
pores of a first mean pore size and a coating on at least one surface of that
substrate. This coating has pores of a second mean pore size where the first
mean pore size is equal to or greater than said second mean pore size. When
the pore size of the coating is effective to capture particulate greater than
0.2 micron, the composite may be formed into a filter effective to remove
microbes from a fluid medium. One method to form the porous coating on the
substrate includes: (1) forming a suspension of sinterable particles in a
carrier fluid and containing the suspension in a reservoir; (2) maintaining
the suspension by agitation; (3) transferring the suspension to an ultrasonic
spray nozzle; (4) applying a first coating of the suspension to the
substrate; and (5) sintering the sinterable particles to the substrate. Type: Grant Filed: February 2, 2012 Date of Patent: October 6, 2015 Assignee: Mott Corporation Inventors: James K. Steele, Wayne F. White, Alfred M.
Romano, Kenneth L. Rubow Sinter Bonded Porous Metallic Coatings Publication number: 20140193661 Abstract: A composite structure includes a substrate with
pores of a first mean pore size and a coating on at least one surface of that
substrate. This coating has pores of a second mean pore size where the first
mean pore size is equal to or greater than said second mean pore size. When
the pore size of the coating is effective to capture particulate greater than
0.2 micron, the composite may be formed into a filter effective to remove microbes
from a fluid medium. One method to form the porous coating on the substrate
includes the steps of: (a) forming a suspension of sinterable particles in a
carrier fluid and containing the suspension in a reservoir; (b) maintaining
the suspension by agitation in the reservoir; (c) immersing the substrate in
the reservoir; (c) applying a first coating of the suspension to the
substrate; (d) removing the substrate with the applied first coating from the
reservoir; and (e) sintering the sinterable particles to the substrate
thereby forming a coated substrate. Type: Application Filed: January 7, 2014 Publication date: July 10, 2014 Applicant: Mott Corporation Inventors: James K. Steele, Wayne F. White, Alfred M.
Romano, Kenneth L. Rubow SINTERED FIBER FILTER Publication number: 20140134036 Abstract: Sintered fiber filters are provided that can
afford high particle capture efficiency and/or low pressure drop during
operation, and are useful in applications such as semiconductor processing.
The shape of at least a portion of the individual fibers (e.g., metal fibers)
used to make the filter have a three-dimensional aspect, which allows for a
low packing density and high porosity filtration media. Certain filters have
a cylindrical or tube-like shape with tapered ends of higher density. Methods
of making such filters, for example, using axial pressing, are also
described. Type: Application Filed: January 22, 2014 Publication date: May 15, 2014 Applicant: MOTT CORPORATION Inventors: Derek BURGESS, Wayne F. WHITE, Alfred M.
ROMANO, Todd W. PFLUGBEIL, Richard D. BALAZY, Kenneth L. RUBOW, John E.
ROSENBERGER |
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GOVERNMENT CONTRACTS |
No found. |
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CASES |
No records found |
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TRADEMARKS |
Mott Corporation Trademarks MISSION CRITICAL PRECISION Porous metal media for filtration, flow control,
diffusion, sparging, and dispersion; sintered porous powder metal filtering… Owned by: Mott Corporation Serial Number: 86772839 MOTTALLOY Alloys made of common metals Owned by: Mott Corporation Serial Number: 86808407 GASSHIELD-NANO Filters for machines, namely, filters for removing
contaminants and particulates from gases used in the semiconductor industry… Owned by: Mott Corporation Serial Number: 87137238 NANOFILTER Filters for machines, namely, filters for removing
contaminants and particulates from gases used in the semiconductor industry… Owned by: Mott Corporation Serial Number: 87137249 PERFECTPEAK Chromatography separation media for separation of a
mixture into components Owned by: Mott Corporation Serial Number: 87210755 PERFECTPEAK Chromatography separation media for separation of a
mixture into components Owned by: Mott Corporation Serial Number: 87219916 |
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RENEWAL HISTORY |
0004418062 Jul
26, 2011 10:47 AM REPORT (2011)01546 2413 5 0004740328 Oct
31, 2012 2:40 PM REPORT
(2012)01733 1104 5 0005098592 May
01, 2014 10:07 AM REPORT (2013) B 01934 1684 5 0005122090 Jun
09, 2014 10:40 AM REPORT
(2014)01947 2624 6 0005372493 Jul
29, 2015 8:34 AM REPORT
(2015)02087 2179 6 0005758959 Feb
01, 2017 4:40 PM REPORT
(2016)02302 3001 5 |
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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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Mott Corporation is a large-sized organization in the general
industrial machinery manufacturers industry located in Farmington, CT. It opened its doors in 2009 and now has an estimated $72.2
million in yearly revenue and 326 employees. The company mainly imports from EUROPE and exports to
Mexico. It is ACTIVE in CT, without 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 |
Lisa |
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POSITION |
Management |
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COMMENTS |
She confirmed company name, CEO, estimated staff, old
name, shareholders and activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.98 |
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1 |
INR 88.13 |
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Euro |
1 |
INR 78.35 |
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USD |
1 |
INR 63.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Report Prepared
by : |
SYL |
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.