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MIRA INFORM REPORT
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Report No. : |
487655 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CINCINNATI SUB-ZERO PRODUCTS, LLC |
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Formerly Known As : |
CINCINNATI SUB-ZERO PRODUCTS, INC |
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Registered Office : |
250 East Fifth Street #2350 , Cincinnati,Oh 45202, Usa |
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Country : |
United Sates |
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Date of Incorporation : |
26.09.1940 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject engaged In designs and manufactures
temperature management equipment for medical and industrial sectors in the United
States and internationally. |
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No. of Employees : |
340 |
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 Sates |
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 SATES - 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: |
CINCINNATI SUB-ZERO PRODUCTS, LLC |
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Trade Names: |
CINCINNATI SUB-ZERO PRODUCTS, LLC |
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ID: |
180249 |
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Date Created: |
1940 |
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Date Incorporated: |
09/26/1940 |
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Legal Address: |
250 EAST FIFTH STREET #2350 CINCINNATI,OH 45202, USA |
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Operative Address: |
12011 Mosteller Road Cincinnati, OH 45241-1528 United States |
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Telephone: |
513-772-8810 |
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Fax: |
513-772-9119 |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
cszinc@cszinc.com |
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Registered in: |
OHIO |
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Website: |
www.cszinc.com |
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Contact: |
Mr. Steven J. Berke - Chief Executive Officer and
President |
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Staff: |
340 |
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Activity: |
NAICS 1: Testing Laboratories SIC 1: Testing Laboratories |
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Banks: |
BANK OF AMERICA WELLS FARGO BANK, N.A. THE JOHNSON ELECTRIC COMPANY |
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History: |
The company was founded in 1940. The company was formerly
known as Cincinnati Sub-Zero Products, Inc. |
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Key Developments: |
Cincinnati Sub-Zero Opens its New 80,000-Square-Foot
Facility Dec 23 16 Cincinnati Sub-Zero recently opened its new
80,000-square-foot facility. The three-story office building provides the
company additional manufacturing and room for future office expansion. Cincinnati Sub-Zero Builds a Three-Story Expansion at its
Headquarters Facility Located at 12011 Mosteller Road Feb 17 16 Cincinnati Sub-Zero is building a three-story expansion at
its headquarters facility located at 12011 Mosteller Road. The current
Cincinnati Sub-Zero building is 104,000 square feet with a second building on
the same campus that has 76,000 square feet of space. The 80,000-square-foot
expansion will be built by Cincinnati Commercial Contracting. KBA Inc. is the
architect for the expansion. The top two floors of the building will be
office space, allowing Cincinnati Sub-Zero to put all of its office employees
in the same building. The first floor will include a training center,
reception area and some manufacturing space that can be converted to offices
if necessary. |
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Parent Company: |
As of April 1, 2016, Cincinnati Sub-Zero Products, LLC
operates as a subsidiary of: Gentherm Incorporated 21680 Haggerty Road Suite 101 Northville, MI 48167 United States |
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PRINCIPAL
ACTIVITY
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Cincinnati Sub-Zero Products, LLC designs and manufactures
temperature management equipment for medical and industrial sectors in the
United States and internationally. |
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Products/Services description: |
It provides hyper-hypothermia systems, normothermia
systems, localized cold therapy and heat therapy systems, blood temperature
control systems, and accessories that are used in operating rooms, recovery
rooms, intensive care units, and other areas of hospitals. The company also
offers environmental test, temperature humidity, benchtop, walk-in drive-in,
altitude, stability, HALT HASS, vibration, thermal shock, and custom designed
chambers for pharmaceutical, automotive, electronics, medical, defense,
communications, energy, and other industries. In addition, it provides
environmental testing services, such as temperature and humidity, salt spray,
shock and vibration, thermal shock, altitude, HALT AND HASS, and stability
testing services. |
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Brands: |
CSZ |
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Sales are: |
Wholesale |
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Clients: |
Biotec Medical Ltda Soluciones E Integraciones
Tecnologicas S.A. |
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Suppliers: |
Csz International |
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Operations area: |
National and International |
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The company imports from |
GERMANY |
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The company exports to |
COLOMBIA MEXICO |
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The subject employs |
340 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
12011 Mosteller Road Cincinnati, OH 45241-1528 United States |
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Comments on Address: |
This business is located at 12011 Mosteller Rd, a commercial
address in Cincinnati, OH. The industrial property was last sold on September
03, 1996 for $1.58 million USD. The light industrial facility has an estimated value of
$596,574 USD, which is slightly above average for industrial properties in
the area. When the building was last assessed in 2012, the assessment value
was $575,369 USD. |
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Branches: |
Cincinnati Sub-Zero Products, Llc (Branch Location) 44461 Phoenix Dr Sterling Heights, Michigan 48314-1468 United States |
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Related Companies: |
HealthLink Europe Services Burgemeester Burgerlaan 40 5245 NH Rosmalen (Den Bosch) The Netherlands CE Authorized European Representative CEpartner4U Esdoorlaan 13 3951 DB Maarn The Netherlands |
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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 does not disclose information on shareholders.
The following information has been obtained through private sources. As of April 1, 2016, Cincinnati Sub-Zero Products, LLC
operates as a subsidiary of: Gentherm Incorporated 21680 Haggerty Road Suite 101 Northville, MI 48167 United States This information was confirmed by the
company. |
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Management: |
Mr. Steven J. Berke - Chief Executive Officer and
President |
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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 2016 |
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Estimated NET Revenue |
12
000 000 |
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Cash flow |
Normal |
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We attach last financial report of the parent company. |
LEGAL
FILINGS
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PATENTS |
Refrigeration system with a scroll compressor Patent number: 6374621 Abstract: A refrigeration system includes a singular
scroll compressor, a condenser and a compressor. The system is charged with
R410A refrigerant. The system finds particular use in an environment testing
and conditioning apparatus having means to deliver conditioned air
efficiently to a test chamber. The apparatus comprises the test chamber and
an air plenum chamber. Type: Grant Filed: August 24, 2000 Date of Patent: April 23, 2002 Assignee: Cincinnati Sub-Zero Products, Inc. Inventor: Eric D. Berchtold Convective hyperthermia article Patent number: 5165400 Abstract: A convective hyperthermia article is disclosed.
The article has a generally U-shaped hollow body with two legs and a cross
piece connecting the legs. The article is dimensioned to lie adjacent a
patient's body and extend a substantial length thereof. A set of air holes is
spaced on at least the underside of the article. The article also has a
receptacle opening to detachably receive an air hose from a heat source.
Heated air is received in the interior of the hyperthermia article and
directed through the air holes onto the patient's body. The article is
economically produced so as to be disposable. Type: Grant Filed: March 4, 1991 Date of Patent: November 24, 1992 Assignee: Cincinnati Sub-Zero Products, Inc. Inventor: Leonard D. Berke Multiple wavelength metal vapor laser system for medical
applications Patent number: 6162213 Abstract: A multiple wavelength laser system includes an
active laser gain medium comprising metal vapor which, when excited, produces
laser radiation at a plurality of wavelengths. A plurality of medically
useable wavelengths are coaxially transmitted from the laser system for
simultaneous use in a medical procedure. One of the wavelengths produced is
closely matched to a light absorption peak of either water or Hemoglobin, and
another wavelength is matched to the other of these light absorption peaks or
a targeted photosensitive agent or chemical. The disclosed laser system can
also include a laser gain medium comprising a plurality of metal vapors to
produce the plurality of wavelengths desired. In preferred embodiments, the
metal vapors can include barium, thulium, and/or samarium. A laser conversion
device such as an OPO crystal may also be included to convert a portion of
the radiation to one or more additional medically useable wavelengths. Type: Grant Filed: January 7, 1994 Date of Patent: December 19, 2000 Assignee: Cincinnati Sub-Zero Products, Inc. Inventor: Bob W. Stewart |
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GOVERNMENT CONTRACTS |
Government Contractor: CINCINNATI SUB-ZERO PRODUCTS,INC. Name & Address: 12011 MOSTELLER RD CINCINNATI, OH 45241-1528 Number of Defense Contracts Awarded : 155 Dollar Amount of Defense Contracts Awarded: $7,944,964 |
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CASES |
Cincinnati Sub-Zero Products, Incorporated et al v.
Tecumseh Products Company et al Plaintiff: Cincinnati Sub-Zero Products, Incorporated,
Art's TV and Appliance, Regal Custom Fixtures, Incorporated and Central
Furniture Mart, Incorporated Defendant: Bristol Compressors International,
Incorporated, Danfoss A/S, Danfoss Commercial Compressors, Limited, Danfoss,
Incorporated, Danfoss Scroll Technologies, LLC, Appliances Components
Companies, SPA, ACC USA, LLC, Tecumseh Compressor Company, Tecumseh Do Brasil,
LTDA, Tecumseh Do Brasil USA, LLC, Whirlpool Corporation, Whirlpool, SA,
Embraco North America, Incorporated, Tecumseh Products Company, Danfoss
Turbocor Compressors, Incorporated, Copeland Corporation, LLC, CR
Compressors, LLC, Scroll Compressors, LLC, Panasonic Corporation of North
America, Emerson Climate Technologies, Incorporated and Panasonic Corporation Case Number: 2:2009cv12663 Filed: July 6, 2009 Court: Michigan Eastern District Court Office: Detroit Office County: XX US, Outside State Presiding Judge: Cox Nature of Suit: Other Cause of Action: No cause code entered Jury Demanded By: Plaintiff Cincinnati Sub-Zero Products, Inc. v. Tecumseh Products
Company et al Plaintiff: Cincinnati Sub-Zero Products, Inc. Defendant: Tecumseh Products Company, Tecumseh Compressor
Company, Tecumseh DO Brasil, LTDA, Tecumseh DO Brasil USA, LLC, Whirlpool
Corporation, Whirlpool S.A., Embraco North America, Inc., Bristol Compressors
International, Inc., Danfoss A/S, Danfoss Commercial Compressors, LTD.,
Danfoss, Inc., Danfoss Scroll Technologies, LLC, Appliances Components
Companies, SPA, ACC USA LLC, Panasonic Corporation of North America, Emerson
Climate Technologies, Inc., Copeland Corporation LLC, CR Compressors, LLC and
Scroll Compressors, LLC Case Number: 1:2009cv00157 Filed: March 6, 2009 Court: Ohio Southern District Court Office: Anti-Trust Office County: HAMILTON Presiding Judge: Herman J. Weber Nature of Suit: Plaintiff Cause of Action: Federal Question Jury Demanded By: 28:1331 Fed. Question: Anti-trust |
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TRADEMARKS |
NORM-O-TEMP MACHINE FOR USE IN AN OPERATING ROOM AND A RECOVERY ROOM
TO MAINTAIN TEMPERATURE IN A PATIENT Owned by: CINCINNATI SUB-ZERO PRODUCTS, INC. Serial Number: 72374289 BLANKETROL HYPER-HYPOTHERMIA MACHINE Owned by: CINCINNATI SUB-ZERO PRODUCTS, INC. Serial Number: 73092040 PLASTIPAD Plastic Hyper-Hypothermia Blankets Owned by: Cincinnati Sub-Zero Products, Inc. Serial Number: 73199749 MAXI-THERM Plastic, Disposable Hyper-Hypothermia Blankets Owned by: Cincinnati Sub-Zero Products, Inc. Serial Number: 73324827 HEMOTHERM Cooler-Heater Unit for Supplying Thermal Media to a Blood
Heat Exchanger During Cardiovascular Surgery Owned by: Cincinnati Sub-Zero Products, Inc. Serial Number: 73324828 MICRO-TEMP THERAPY UNIT COMPRISING PUMPS AND THERMAL PADS USED FOR
PATIENT THERAPY Owned by: Cincinnati Sub-Zero Products, inc Serial Number: 73525635 TEMP-PAD medical equipment, namely, thermal therapy apparatus for
total body hyper/hypothermia care and localized cold/heat therapy… Owned by: CINCINNATI SUB-ZERO PRODUCTS, INC. Serial Number: 74016460 |
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RENEWAL HISTORY |
DOMESTIC ARTICLES/FOR PROFIT 09/26/1940 C091_0030 DOMESTIC/AMENDMENT TO ARTICLES 09/14/1960 B173_1312 DOMESTIC AGENT SUBSEQUENT APPOINTMENT 02/03/1993 H533_0592 DOMESTIC CONTINUED EXISTENCE
LETTER 09/09/1993 000000211139 DOMESTIC CONTINUED EXISTENCE 10/13/1993 000000211140 MERGER/DOMESTIC 12/05/1996 5770_0352 DOMESTIC/AMENDMENT TO ARTICLES 06/25/1998 199818701893 CONVERSION WITHIN SOS 03/28/2016 201608801382 |
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UCC |
Number: OH00208695334 Debtors: CINCINNATI SUB-ZERO PRODUCTS, LLC Secured Party: WELLS FARGO BANK, N.A. Filing Type: Original File Date: 03/07/2017 Lapse Date: 03/07/2022 Number:
OH00134076343 Debtors: CINCINNATI SUB-ZERO PRODUCTS, INC. Secured Party: THE JOHNSON ELECTRIC COMPANY Filing Type: riginal File Date: 4/17/2009 Lapse Date: 04/17/2019 Number:
OH00199486632 Debtors: CINCINNATI SUB-ZERO PRODUCTS, LLC Secured Party: BANK OF AMERICA, N.A., AS ADMINISTRATIVE
AGENT Filing Type: Original File Date: 04/01/2016 Lapse Date: 04/01/2021 |
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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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Founded in 1940, Cincinnati Sub-Zero Products, LLC. is a
large organization in the Testing Laboratories Industry headquartered in
Cincinnati, Ohio. The company has 340 regular employees and generates an
estimated $12 million USD in estimated net revenue. The company operates nationally and internationally,
mainly importing from Germany. It is ACTIVE in business with no negative
records. |
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 |
Mark |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the company, the address of the
headquarters and location, the date of creation of the company, the number of
employees and the name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.64 |
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UK Pound |
1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
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USD |
1 |
INR 63.59 |
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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PRI |
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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
·
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.