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MIRA INFORM REPORT
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Report No. : |
493592 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TEKNI-PLEX
INC. |
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Registered Office : |
251 Little Falls Drive,
Wilmington, New Castle, DE 19808 |
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Country : |
United States |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
18.08.1967 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject Engaged
in paper manufacturers industry located in PA. |
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No. of Employees : |
2,100 |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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: |
TEKNI-PLEX INC. |
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Trade Name: |
Tekniplex Co King Of Prussia |
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ID: |
661815 |
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Date Created: |
1967 |
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Date Incorporated: |
8/18/1967 |
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Legal Address: |
Registered Agent
Information United States
Corporation Company 251 Little Falls
Drive Wilmington, New
Castle DE 19808 USA |
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Operative Address: |
460 E Swedesford Rd
Ste 3000 Wayne, PA, 19087 United States |
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Telephone: |
(484) 690-1520 |
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Fax: |
(484) 690-1520 |
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Legal Form: |
Corporation |
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Email: |
info@tekni-plex.com |
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Registered in: |
DELAWARE |
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Website: |
www.tekni-plex.com |
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Contact: |
Paul J. Young,
Chief Executive Officer and Director Glenn M. Fish,
Chief Operating Officer |
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Staff: |
2,100 |
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Activity: |
NAICS 1: All Other
Converted Paper Product Manufacturing NAICS 2: All Other
Plastics Product Manufacturing NAICS 3:
Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing NAICS 4: All Other
Miscellaneous Fabricated Metal Product Manufacturing NAICS 5: Iron and
Steel Forging NAICS 6: Rubber and
Plastics Hoses and Belting Manufacturing SIC 1: Egg Cartons,
Molded Pulp: Made From Purchased Material SIC 2: Blister Or
Bubble Formed Packaging, Plastics SIC 3: Packing
Materials, Plastics Sheet SIC 4: Aerosol
Valves, Metal SIC 5: Pump And Compressor
Forgings, Ferrous SIC 6: Garden Hose,
Plastic |
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BANKS: |
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The company does not make its
banking data public |
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HISTORY: |
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The company was founded in 1967 |
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Key Developments: |
Tekni-Plex, Inc Promotes
Michael Luo to General Manager; Opens New China Facility Nov 21 17 Tekni-Plex, Inc.
has promoted Michael Luo to general manager of its China operations. Luo
joined the company in 2014 as director of sales and marketing. The
announcement follows the successful production start-up of the company's new
manufacturing facility in Suzhou, China, near Shanghai, which has been
supported by a $15 million investment. Luo will continue to report to Russell
Hubbard, senior vice president-international. The new China facility will be
producing Natvar's recently-announced silicone extrusion tubing for
catheters, feeding tubes, drug delivery and peristaltic pump applications.
Production for micro-extrusion tubing that targets a wide variety of
demanding infusion, neurovascular interventional therapies and surgical
applications is expected to be onstream early next year. The facility also
manufactures Colorite custom compounds for medical device applications, and
Action Technology's dip tubes used in a wide variety of food/beverage,
pharmaceutical, personal care, industrial and household trigger sprayer, pump
and aerosol applications. Tekni-Plex Seeks
Acquisitions Oct 30 17 "Tekni-Plex,
Inc. looks forward to partnering with an experienced capital provider like
Genstar Capital, LLC to aggressively grow our business through transformative
acquisitions and strategic add-ons to build on our existing capabilities and
enter adjacent markets to better serve existing customers, as well as gain
new ones," Chief Financial Officer Glenn Fish said. American Securities
Reportedly Explores Sale Of Tekni-Plex Jul 17 17 American Securities
is exploring a sale of Tekni-Plex, Inc., four sources familiar with the
matter said. |
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PRINCIPAL
ACTIVITY
|
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Tekni-Plex, Inc. is
a large-sized organization in the paper manufacturers industry located in PA. |
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Products/Services description: |
Tekni-Plex, Inc.,
together with its subsidiaries, manufactures and sells packaging, packaging
products and materials, and tubing products primarily for the food and
beverage, healthcare, specialty, lawn and garden, and consumer markets. The
company manufactures packaging, industrial materials, specialty resins, as
well as tubing products for the healthcare, food, and consumer goods
industries. Its packaging arm produces egg foam cartons, poultry and meat
processing trays, pharmaceutical blister films, and aerosol and dispensing
pump components. Its tubing products segment makes garden and irrigation
hose, pool hose, and vinyl medical tubing. Tekni-Plex also churns out
polyvinyl chloride (PVC) compounds and recycled polyethylene terephthalate
(PET) for industrial applications. The company
operates in three segments: Tubing Products, Packaging, and Polymers. The
Tubing Products segment produces garden, aeration, and irrigation hoses;
vinyl medical tubing; and pool hoses. The Packaging segment offers
polystyrene foam egg cartons, pharmaceutical blister films, poultry and meat
processor trays, closure liners, aerosol and spray-pump packaging components,
and foam plates. The Polymers segment provides PET, vinyl compounds,
thermoplastic elastomers, and specialty resins. |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Interpec San Marcos Sa Mexico NOVAPRINT SA Mexico Tekni Plex Sa Argentina |
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Suppliers: |
Pfizer Sa De Cv Mexico CIPLA LTD. India Tekni-Plex, Europe
N.V. Belgium |
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Operations area: |
National and international |
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The company imports from |
Mexico, India and Belgium |
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The company exports to |
Worldwide |
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The subject employs |
2,100 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
460 E Swedesford Rd Ste 3000 Wayne, PA, 19087 United States |
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Comments: |
NA |
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Branches: |
The company has
several offices in the USA |
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Main Competitors |
Sealed Air
Corporation 2415 Cascade Pointe
Blvd Charlotte, NC,
28208 United States (980) 221-3235 www.sealedair.com Pactiv LLC 1900 W Field Ct Lake Forest, IL,
60045 United States (847) 482-2000 www.pactiv.com Winpak Ltd Company Information 100 Saulteaux Cres Winnipeg, MB, R3J
3T3 Canada (204) 889-1015 |
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Related Companies: |
The company has
operations in the United States, Belgium, Italy, Germany, Canada, China,
India, Argentina, and northern Ireland. Tekni-Plex
Management Llc 260 N Denton Tap Rd Coppell, Texas
75019-2142 United States Tekni-Plex
Technologies (Suzhou) Co., Ltd. No.25, Donghong
Road, Industrial Zone Suzhou, Jiangsu
215004 China Tekni Plex India
Private Limited Plot No-D112, Sec
-63 Noida, Uttar Pradesh 201301 India Tekni- Plex S.A. Timoteo Gordillo 5484/9 Ciudad De Buenos Aires, 1439 Argentina Tekni-Plex Gallazzi S.r.l. Via San Giorgio 15 Gallarate, 21013 Italy |
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: |
Genstar Capital San Francisco, California USA |
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Management: |
Paul J. Young, Chief Executive Officer
and Director Glenn M. Fish, Chief Operating Officer Norman Patterson, Senior Vice President
of Dolco Packaging Luc Vercruyssen, Senior Vice President
of Europe and Us Dispensing David J. Waksman, Chief Legal Officer,
Senior Vice President and Secretary Probyn Forbes, Director Terri Powers, Director |
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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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Revenue |
1B |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Patents |
MULTI-LAYERED TUBING Publication number: 20130186469 Abstract: Tubing comprising an inner
layer, an outer layer and a middle layer, wherein the inner and outer layers
comprise a polyurethane and the middle layer comprises an ethylene ethyl acrylate
copolymer or an ethylene methyl acrylate copolymer or an anhydride grafted
ethylene methyl acrylate copolymer, a copolymer of two or more of the
acrylate copolymers or a mixture of two or more thereof. Type: Application Filed: November 27, 2012 Publication date: July 25, 2013 Applicant: Tekni-Plex, Inc. Inventor: Tekni-Plex, Inc. METHOD AND APPARATUS FOR LEACHING METAL
FROM MINING ORE Publication number: 20130221586 Abstract: Porous leach pipe and method
for leaching metals from mining ores. The porous pipe may be buried beneath
the surface of a pile of mined ore, providing a more even and uniform
distribution of the leaching solution across the pile, increasing metal
yields, reducing water consumption and eliminating pooling and ponding of the
solution on the top of the piles as occurs with prior art drip line emitters. Type: Application Filed: March 26, 2013 Publication date: August 29, 2013 Applicant: Tekni-Plex, Inc. Inventor: Tekni-Plex, Inc. Three-compartment container Patent number: D505323 Type: Grant Filed: April 28, 2004 Date of Patent: May 24, 2005 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Egg carton Patent number: D506932 Type: Grant Filed: April 5, 2004 Date of Patent: July 5, 2005 Assignee: Tekni-Plex, Inc. Inventor: Richard L. Ramirez One-compartment container Patent number: D512305 Type: Grant Filed: April 28, 2004 Date of Patent: December 6, 2005 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Two-compartment container Patent number: D517427 Type: Grant Filed: March 16, 2004 Date of Patent: March 21, 2006 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron One-compartment container Patent number: D531894 Type: Grant Filed: March 15, 2004 Date of Patent: November 14, 2006 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron One-compartment container Patent number: D540666 Type: Grant Filed: August 3, 2006 Date of Patent: April 17, 2007 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Food service container Patent number: D541649 Type: Grant Filed: November 15, 2004 Date of Patent: May 1, 2007 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Food service container Patent number: D551546 Type: Grant Filed: December 19, 2006 Date of Patent: September 25, 2007 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Tray for shipment of frozen items Patent number: D487971 Type: Grant Filed: February 7, 2003 Date of Patent: April 6, 2004 Assignee: Tekni-Plex, Inc. Inventors: Mark A. Bergeron, Richard L.
Ramirez Packaging container Patent number: D492844 Type: Grant Filed: August 28, 2002 Date of Patent: July 13, 2004 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Packaging container Patent number: D495491 Type: Grant Filed: January 9, 2004 Date of Patent: September 7, 2004 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Egg carton lid with windows Patent number: D659551 Type: Grant Filed: November 16, 2011 Date of Patent: May 15, 2012 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Cell pocket for pear tray Patent number: D719025 Type: Grant Filed: June 26, 2013 Date of Patent: December 9, 2014 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron Food tray and display Patent number: D766663 Type: Grant Filed: March 31, 2015 Date of Patent: September 20, 2016 Assignee: Tekni-Plex, Inc. Inventors: Mark A. Bergeron, Darren
Hoffman Hinge for an egg carton Patent number: D773934 Type: Grant Filed: August 15, 2014 Date of Patent: December 13, 2016 Assignee: Tekni-Plex, Inc. Inventors: Babu Kuruvilla, Richard L.
Ramirez, Mark A. Bergeron Lid for an egg carton Patent number: D784128 Type: Grant Filed: August 15, 2014 Date of Patent: April 18, 2017 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron, Babu Kuruvilla, Roger P. Lichtle Lid for an egg carton Patent number: D784129 Type: Grant Filed: August 15, 2014 Date of Patent: April 18, 2017 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron, Babu Kuruvilla, Roger P. Lichtle Lid for an egg carton Patent number: D786675 Type: Grant Filed: August 15, 2014 Date of Patent: May 16, 2017 Assignee: Tekni-Plex, Inc. Inventors: Richard L. Ramirez, Mark A.
Bergeron, Babu Kuruvilla, Roger P. Lichtle |
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Trademarks |
TEKNI-FILMS Plastic film in the form of rolls used for
vacuum forming packaging in the pharmaceutical, food, and electronics
industries… Owned by: TEKNI-PLEX, INC. Serial Number: 75766319 VAPOSEAL LINERS MADE OF COATED ALUMINUM FOIL
LAMINATED WITH PAPER AND USED FOR RECEPTACLE CLOSURES Owned by: TEKNI-PLEX, INC. Serial Number: 71684166 TEKNI PLEX Plastic Coated Paper, Plastic Coated
Synthetic Foam, Plastic Coated Aluminum Foil and Plastic Coated Aluminum Foil
Laminated… Owned by: TEKNI-PLEX, INC. Serial Number: 73430164 WATER COLORS Garden hoses Owned by: TEKNI-PLEX, INC. Serial Number: 85660197 PLASTRON Medical grade plastic tubing, plastic
extruded profiles and plastic coil tubing for use in drainage, transfusion
and administering… Owned by: TEKNI-PLEX, INC. Serial Number: 75676382 FOAMSEAL PLASTIC COATED SYNTHETIC FOAM LINER
MATERIAL Owned by: TEKNI-PLEX, INC. Serial Number: 72372269 MATCH YOUR HOSE TO YOUR HOUSE Garden and general utility water hose Owned by: TEKNI-PLEX, INC. Serial Number: 77223565 WATERH2OSE Vinyl hose for outdoor use, designed to
be drinking water safe Owned by: TEKNI-PLEX, INC. Serial Number: 77444056 CYLON EXTRUDABLE PLASTIC MATERIAL IN THE FORM
OF PELLETS FOR USE IN FURTHER MANUFACTURE FOR VARIED INDUSTRIAL USE Owned by: TEKNI-PLEX, INC. Serial Number: 75463961 TEKLAR Plastic packaging materials for
pharmaceutical products, namely, blister packs for over-the-counter and
prescription tablets… Owned by: TEKNI-PLEX, INC. Serial Number: 75548581 SUNNY DAY plastic polystyrene foam dinnerware,
namely, plates, bowls, platters, soup bowls and salad bowls Owned by: TEKNI-PLEX, INC. Serial Number: 75506086 TEKNIFLEX packaging materials for food and
pharmaceutical products, namely, blister packs and cards Owned by: TEKNI-PLEX, INC. Serial Number: 75154629 TEKNIFLEX plastic film in the form of rolls used
for vacuum forming packaging in the pharmaceutical food and electronics
industries… Owned by: TEKNI-PLEX, INC. Serial Number: 75909252 TEKNISEAL Plastic Coated Paper, Plastic Coated
Synthetic Foam, Plastic Coated Aluminum Foil and Plastic Coated Aluminum Foil
Laminated… Owned by: TEKNI-PLEX, INC. Serial Number: 73431773 FLEXINYL Acrylic-PVC copolymer which is mixed and
blended by PVC-compounders and fabricators with chemicals, resins and/or
additives… Owned by: TEKNI-PLEX, INC. Serial Number: 77294731 TEKLAR Plastic film in the form of rolls used
for vacuum forming packaging in the pharmaceutical [ , food and electronics ]
* and… Owned by: TEKNI-PLEX, INC. Serial Number: 75851761 ELEMENT Acrylic-PVC copolymer-based composition
used for flexible and rigid PVC articles by PVC-compounders and fabricators
and… Owned by: TEKNI-PLEX, INC. Serial Number: 77982715 ELEMENT Metal hose ends, metal couplings for hoses;
hand operated metal garden hose reels; hose hangers of metal; metal hose
connectors… Owned by: TEKNI-PLEX, INC. Serial Number: 77782990 WATERWORKS Garden hoses; Lawn hoses Owned by: Tekno-Plex, Inc. Serial Number: 85734863 TEKNI-FILMS Plastic coated paper, plastic coated
aluminum foil and plastic coated aluminum foil laminated to paper used as
sealing liners… Owned by: TEKNI-PLEX, INC. Serial Number: 75745725 |
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Cases |
Tekni-Plex v.
Meyner & Landis Annotate this Case 89 N.Y.2d 123
(1996) 674 N.E.2d 663 651 N.Y.S.2d 954 Tekni-Plex, Inc.,
Respondent, v. Meyner and Landis, a New Jersey Partnership, Appellant.
Tekni-Plex, Inc., Respondent, v. Tom Y. C. Tang, Appellant. Court of Appeals of
the State of New York. Argued September 4,
1996 Decided October 22,
1996. DONALD OSWALL V.
TEKNI-PLEX, INC. Annotate this Case (NOTE: This
decision was approved by the court for publication.) This case can also
be found at 299 N.J. Super. 658. NOT FOR PUBLICATION
WITHOUT THE APPROVAL OF THE APPELLATE DIVISION SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION A-7601-95T2 DONALD OSWALL, Plaintiff, v. TEKNI-PLEX, INC., Defendant-Respondent. Argued February 4,
1997 - Decided April 17, 1997 Before Judges
Michels, Muir, Jr., and Kleiner. On appeal from the Superior
Court of New Jersey, Law
Division, Ocean County. TEKNI-PLEX, INC. et
al v. CAIN et al Plaintiff:
TEKNI-PLEX, INC. and TRI-SEAL HOLDINGS, INC. Defendant: R.
MICHAEL CAIN and TAB-IT LLC Case Number:
5:2013cv04502 Filed: August 5,
2013 Court: Pennsylvania
Eastern District Court Office: Allentown
Office County: Lancaster Presiding Judge:
JEFFREY L. SCHMEHL Nature of Suit:
Property Rights: Patent Cause of Action:
35:145 Patent Infringement Jury Demanded By:
Both FLEXPAQ CORPORATION
v. TEKNI-PLEX, INC. et al Plaintiff: FLEXPAQ
CORPORATION Defendant:
TEKNI-PLEX, INC., CCL LABEL, INC., TRI-SEAL INTERNATIONAL, INC. and ABC CORPS
1-50 Case Number:
3:2008cv02472 Filed: May 16, 2008 Court: New Jersey
District Court Office: Contract:
Other Office County: Somerset Presiding Judge:
Anne E. Thompson Nature of Suit:
Plaintiff Cause of Action:
Diversity Jury Demanded By:
28:1332 Diversity-Breach of Contract |
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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
|
|
|
|
Founded in 1967, Tekni-Plex, Inc. is a
large-sized organization in the paper manufacturers industry located in PA. The company has 2,100 full-time employees
and generates an estimated USD 1,061.389 billion in annual revenue. The company imports from Mexico, India
and Belgium, and exports worldwide, operating within national and
international markets. This has been an ACTIVE company
incorporated in DELAWARE in 1967. |
RISK
INFORMATION
|
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
STATUS |
ACTIVE |
|
|
|
INTERVIEW
|
|
|
NAME |
Rob |
|
POSITION |
Assitant/Receptionist |
|
COMMENTS |
He confirmed legal name,
trade name, address, website, telephone and principal activity. He confirmed
branches and related companies. He asked the reason
of the call and refused to provide further information through the phone. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.99 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21 |
|
USD |
1 |
INR 64.98 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.