MIRA INFORM REPORT

Report No. :	512437
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	SCM METAL PRODUCTS, INC
Registered Office :	Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De, 19801
Country :	United States
Financials (as on) :	2016(summarized)
Date of Incorporation :	1930
Legal Form :	Corporation
Line of Business :	Subject is engages in the production and distribution of non-ferrous metal powders and copper-based brazing pastes.
No. of Employees :	100

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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 $59,500. 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 more than 50% 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, 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 former 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 FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.

In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), 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 former 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%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. 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 continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.

In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.

Source : CIA

STATUTORY INFORMATION
Legal Name:	SCM METAL PRODUCTS, INC.
Trade Names:	SCM METAL PRODUCTS, INC.
ID:	3807649
Date Created:	1930
Date Incorporated:	5/25/2004
Legal Address:	CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON, NEW CASTLE, DE, 19801, USA
Operative Address:	2601 Weck Drive Research Triangle Park, NC 27709 United States
Telephone:	919-544-8090
Fax:	919-544-0917
Legal Form:	CORPORATION
Email:	-
Registered in:	DELAWARE
Website:	www.scmmetals.com
Contact:	Mr. Barton White - President
Staff:	100
Activity:	SIC Code 3499, Fabricated Metal Products, NEC
Banks:	BANK OF AMERICA DE LAGE LANDEN FINANCIAL SERVICES, INC. FIRST WESTERN BANK & TRUST DBA ALL LINES LEASING
History:	The company was founded in 1930 and is headquartered in Research Triangle Park, North Carolina. SCM Metal Products, Inc. was formerly known as Glidden Metals Company and changed its name to SCM Metal Products, Inc. in 1967, after the merger with Smith-Corona Marchant.
Parent Company:	The company operates as a subsidiary of: Platinum Equity LLC 360 North Crescent Drive Beverly Hills, CA 90210 United States
PRINCIPAL ACTIVITY
SCM Metal Products, Inc. engages in the production and distribution of non-ferrous metal powders and copper-based brazing pastes.
Products/Services description:	It offers a range of copper and aluminum metal powders and their related alloys. The company’s products include copper, tin, and bronze premix powders; copper powders; electrolytic copper powders; copper base infiltrating powders and pastes; pre-alloyed bronze and brass powders; bronze powder alternatives; sinter brazing pastes; copper oxides; copper base catalyst powders; furnace brazing pastes; and specialty fine metal powders. In addition, it offers press-ready, dimensionally-controlled, and pre-mixed bronze powders for sintered oil-less bearings; high green strength powders for copper-based friction materials; and copper infiltration powders for ferrous based PM parts. The company sells its products in the United States and internationally.
Brands:	SCM
Sales are:	Wholesale
Clients:	Excel Quimica Sa De Cv
Suppliers:	Epson Atmix Corporation ECKA Granules Germany GmbH Scm Metal Products (Suzhou) Co., Ltd.
Operations area:	National and International
The company imports from	JAPAN GERMANY CHINA
The company exports to	MEXICO
The subject employs	100 employees
Payments:	Regular
LOCATION
Headquarters :	2601 Weck Drive Research Triangle Park, NC 27709 United States
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	SCM Metal Products (Suzhou) Co., Ltd. No.3, South Guandu Road, Wangshan Industrial Park Suzhou, Jiangsu, 215104 China ECKA Granules Germany GmbH Flößaustraße 24a Fürth, 90763 Germany ACuPowder International, LLC 901 Lehigh Avenue Union, NJ 07083 United States
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. The following information has been provided by private sources and could not be confirmed: The company operates as a subsidiary of: Platinum Equity LLC 360 North Crescent Drive Beverly Hills, CA 90210 United States
Management:	Mr. Barton White - President Mr. John Holtzhauser – Controller Shahram Haghighi - Assistant Secretary Jim Hunt - Chief Financial Officer Eva M Kalawski - Vice President Thomas Murphy - Senior Vice President Mary ann Sigler- Treasurer Mary ann Sigler – Vice President Barbara Velasco - Assistant Secretary Dawn Walloch - Assistant Treasurer
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by outside sources:
USD 2016
Net Assets	12 200 000
Cash Flow	NORMAL
LEGAL FILINGS
PATENTS	Porous metal parts and method for making the same Patent number: 4707184 Abstract: A gas permeable or porous article of irregular configuration comprising a sintered structure of dispersion strengthened metal or metal alloy particles. The present invention also relates to a novel method for making such article. Type: Grant Filed: May 31, 1985 Date of Patent: November 17, 1987 Assignee: SCM Metal Products, Inc. Inventors: Don H. Hashiguchi, Erhard Klar Methods for Brazing Powder Metal Parts Publication number: 20110014490 Abstract: A method is provided for brazing porous metal parts. By heating a filler metal such as a brazing alloy containing composition to a temperature between the solidus and liquidus temperature, the brazing alloy can be caused to partially infiltrate the pores of a porous metal part. After being infiltrated, the brazing alloy containing composition may be cooled and thereby able to form a strong adhesion between the porous metal parts and another material. The other material may, for example, be a solid material or another porous metal part. Type: Application Filed: July 16, 2009 Publication date: January 20, 2011 Applicant: SCM Metal Products, Inc. Inventor: Fred Wolfe Process for preparing powder metal parts with dynamic properties Patent number: 4921665 Abstract: The present invention relates to porous powder metal (P/M) parts having improved dynamic properties such as impact and fatigue strength. These properties are achieved by the use of finer metal powders. Type: Grant Filed: March 11, 1988 Date of Patent: May 1, 1990 Assignee: SCM Metal Products, Inc. Inventors: Erhard Klar, Mark Svilar, David F. Berry
GOVERNMENT CONTRACTS	No found.
CASES	No records found.
TRADEMARKS	CUBOND BRAZING PASTE Owned by: SCM METAL PRODUCTS INC. Serial Number: 71582908 RESISTOX METAL POWDERS Owned by: SCM METAL PRODUCTS INC. Serial Number: 71650173 Image Trademark METALS, METAL POWDERS AND METAL ALLOY POWDERS AND BRAZING PASTE Owned by: SCM METAL PRODUCTS INC. Serial Number: 73001215 SILVER BULLET Cap Electrodes Employed in Welding Processes Owned by: SCM METAL PRODUCTS INC. Serial Number: 73451111
UCC	File Number: 20100090827M Filing Date: 11/22/2010 10:00:00 AM Lapse Date: 11/22/2020 10:00:00 AM Filing Type: Initial Debtors: SCM METAL PRODUCTS INC 2601 WECK DR Durham, NC 27709 USA Secured Parties: DE LAGE LANDEN FINANCIAL SERVICES, INC. 1111 OLD EAGLE SCHOOL ROAD Wayne, PA 19087 USA File Number: 20150028788B Filing Date: 3/31/2015 10:00:00 AM Lapse Date: 3/31/2020 10:00:00 AM Filing Type: Initial Debtors: SCM METAL PRODUCTS, INC. 2601 WECK DR. Research Triangle Park, NC 27709 USA Secured Parties: FIRST WESTERN BANK & TRUST DBA ALL LINES LEASING 100 PRAIRIE CENTER DRIVE Eden Prairie, MN 55344 USA
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Founded in 1930, SCM Metal Products, Inc. is an organization in the Fabricated Metal Products Industry headquartered in Research Triangle Park, NC. The company has 100 regular employees. It operates nationally and internationally, mainly exporting to Mexico. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Jack
POSITION	Sales
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

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
USD	1	INR 67.13

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.