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MIRA INFORM REPORT
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Report No. : |
487654 |
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Report Date : |
22.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AL DAHRA ACX, INC. |
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Formerly Known As : |
ACX PACIFIC NORTHWEST, INC |
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Registered Office : |
711 Capitol Way S Ste 204,
Olympia, Wa, 98501, United States |
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Country : |
United States |
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Date of Incorporation : |
1978 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject engaged in supplies forage,
roughage, and feed products |
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No. of Employees : |
280 |
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 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: |
AL DAHRA ACX, INC. |
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Trade Name: |
ACX / AL DHARA ACX GLOBAL |
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ID: |
601689974 |
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Date Created: |
1978 |
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Date Incorporated: |
02/14/1996 |
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Legal Address: |
REGISTERED AGENT INFORMATION Registered Agent Name: C T
CORPORATION SYSTEM Street Address:711 CAPITOL WAY
S STE 204, OLYMPIA, WA, 98501, UNITED STATES |
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Operative Address: |
920 E Pacific Coast Hwy Wilmington, California
90744-2725 United States |
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Telephone: |
(661) 328-1992 |
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Fax: |
(661) 328-9165 |
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Legal Form: |
Corporation |
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Email: |
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Registered in: |
WASHINGTON |
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Website: |
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Contact: |
BRENT HANSSTON |
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Staff: |
280 |
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Industry: |
NAICS 1: Farm Supplies Merchant
Wholesalers SIC 1: Animal Feeds |
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Banks |
MB
Financial Bank, N.A. |
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The company does not disclose
its banking details |
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HISTORY |
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The company was incorporated in
1996 and is based in Wilmington, California. Al Dahra ACX, Inc. operates as a
subsidiary of Al Dahra Holding LLC. |
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Al Dahra Holding LLC Key Developments Tender For
PKB's Privatization Advisor Called Jun 15 17 It has been reported that the
Serbian government has started a tender process for the privatization advisor
for PKB Korporacija a.d. Tender will be open until 22 June 2017. Bidders will
have a right to participate if they prove minimum incomes of RSD 500 million
in the last three-year period, a minimum workforce of 30 persons and proof
that they provided advisory services between 2012 to 2017 in Serbia. The
government reported that a total of eight investors submitted letters of
interest for PKB's privatization in February 2017. Among those are Al Dahra
Holding LLC from the United Arab Emirates, the two Serbian companies MK
Commerce d.o.o. and Industrija mesa Matijevic D.O.O. and unnamed companies
from Great Britain, China and Singapore. Serbia
Aims To Sell PKB By End Of 2017 Feb 23 17 Serbia's economy minister Goran
Knezevic has said the government aims to sell PKB Korporacija a.d. by the end
of 2017. The government will decide on the PKB privatization model in the
next month or so after it carefully studies the letters of interest submitted
by potential investors, Knezevic told public broadcaster Radio Televizija
Srbije (RTS) on Wednesday. Al Dahra Holding LLC among the companies
interested in PKB, RTS said. Two
Serbian Firms Reportedly Eye Agricultural Firm PKB Feb 21 17 As per the local media, two Serbian
companies have showed interest in a public tender for the sale of
Poljoprivredna avijacija PKB d.o.o. (PKB). These two companies are MK Group
Drustvo sa ogranicenom odgovornoscu, Bulevar Mihajla Pupina 115 e (MK Group)
and Industrija mesa Matijevic D.O.O. The investors from hina, Singapore and
the United Kingdom too are interested in the tender, public broadcaster Radio
Televizija Srbije (RTS) reported, quoting government sources. Al Dahra
Holding LLC has not sent a letter of interest so far but could still place a
bid for PKB at a later stage, RTS said. |
PRINCIPAL ACTIVITY
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Al Dahra ACX, Inc. supplies
forage, roughage, and feed products. Al Dahra ACX, Inc. was formerly known as
ACX Pacific Northwest, Inc. |
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Products/Services description: |
It offers alfalfa hay, timothy
hay, Sudan grass, oat hay, Bermuda products, timothy hay, dehydrated alfalfa,
dehydrated rye grass, rye grass, straw products, pellet products, feed
ingredients, and other grass hay and straw products for dairy, beef, horse,
camel, goat, and animal feed industries in Far East, South East, and the
Middle East countries. |
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Brands: |
ACX |
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Sales are: |
Wholesale |
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Clients: |
AL
DAHRA DAIRY CO |
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Suppliers: |
The
company serves Asia markets. SERVICE
PROVIDER: Insurance
Carrier: Voya Financial (ING) Auditor:
Williams Adams & Company, CPA's |
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Operations area: |
National and international |
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The company imports from |
China |
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The company exports to |
United Arab Emirates, Japan,
China, South Korea, Taiwan |
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The subject employs |
280 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
920 E Pacific Coast Hwy Wilmington, California
90744-2725 United States |
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Comments: |
This
business is located at 2600 G St, a commercial address in Bakersfield, CA.
The laboratory was last sold on May 15, 2013 for $950,000. |
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Branches: |
5693
Vantage Highway |
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Related Companies: |
Al
Dahra Fagavi |
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Competitors: |
Kern
Livestock Grain |
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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: |
The company operates as a
subsidiary of: Al Dahra Holding LLC Al Ain Tower, 130455 Abu Dhabi United Arab Emirates |
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Management: |
GOVERNOR INDIVIDUAL MICAH ADAMS GOVERNOR INDIVIDUAL JOSEPH GOEDHAMER |
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FINANCIAL INFORMATION
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The
company does not public its financial statements. The following information
has been provided by our private sources: |
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USD 2016 |
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Revenue |
100 000 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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Legal |
Mirasco, Inc. v. Al Dahra ACX
Global, Inc. Plaintiff: Mirasco, Inc. Defendant: Al Dahra ACX Global,
Inc. Case Number: 1:2017mc00050 Filed: July 19, 2017 Court: California Eastern
District Court Office: Fresno Office County: Fresno Presiding Judge: Stanley A.
Boone Nature of Suit: Other Fraud Cause of Action: Civil
Miscellaneous Case Jury Demanded By: Defendant RSS Follow case documents by
RSS Date Filed # Document Text August 18, 2017 15 Opinion or Order of the Court
ORDER Transferring this Miscellaneous
Case to Central District of California and Discharging the August 14, 2017
Order to Show Cause,signed by Magistrate Judge Stanley A. Boone on 08/18/17.
CASE TRANSFERRED to Central District of California (Martin-Gill, S) August 14, 2017 11 Opinion or Order of the Court ORDER REQUIRING THE PARTIES TO
SHOW CAUSE WHY THIS MOTION SHOULD NOT BE DENIED WITHOUT PREJUDICE SUBJECT TO
REFILING IN THE CENTRAL DISTRICT OF CALIFORNIA. IT IS HEREBY ORDERED that:
The parties shall show cause on or before August 16, 2017, why Mira scos
motion to compel Al Dahra to comply with the amended subpoena should not be
denied without prejudice subject to refiling in the Central District of California;
The August 16, 2017 hearing on the motion to compel is VACATED; and Mirasco
shall serve a copy of this order on Al Dahra no later than 5:00 p.m. on August 14, 2017, and file proof
of service with the Court. Signed by Magistrate Judge Stanley A. Boone on
8/11/2017. (Hernandez, M) July 24, 2017 Opinion or Order of the Court ORDER Setting Petitioner's
Motion to Compel Third Party to Comply with Subpoena for August 16, 2017,
signed by Magistrate Judge Stanley A. Boone on 7/24/17. (Gonzalez, R) |
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Trademarks |
TRUESWEET |
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UCC Filed |
2015-141-4291-4
Bank of the West Initial 05/21/2015 05/21/2020 |
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Filing History: |
01/01/2018
ANNUAL REPORT DUE DATE NOTICE 0002534550 09/08/2017 09:05:19 AM STATEMENT OF
CHANGE 0002386696 05/08/2017 12:55:47 PM AMENDED ANNUAL REPORT 0009384542 02/14/2017 12:00:00 AM ANNUAL REPORT 0002665197 01/26/2017 05:10:10 PM AMENDMENT 0002421185 11/22/2016 04:00:13 PM AMENDMENT 0002372536 09/29/2016 04:03:01 PM AMENDED ANNUAL
REPORT |
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SUMMARY
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Founded in 1978, AL Dahra ACX
Global Inc. is a mid-sized organization in the farm supplies industry located
in Bakersfield, CA. It has 280 full time employees
and generates an estimated $100 million in annual revenue.
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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 |
INTERVIEW
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NAME |
Bradley |
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POSITION |
Administrative |
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COMMENTS |
The person contacted confirmed address,
branches, website, he confirmed that the headquarters is currently in 920 E.
Pacific Coast Highway Wilmington, CA 90744. He also confirmed that Al Dahra
Holding is the parent company. |
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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USD |
1 |
INR 63.80 |
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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DIV |
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Report Prepared
by : |
KET |
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
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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.