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MIRA INFORM REPORT
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Report No. : |
487051 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MOTT 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 : |
Subject is a 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 |
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 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 63.72 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
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US Dollar |
1 |
INR 63.83 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
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.