3decades

MIRA INFORM REPORT

Report No. :	496269
Report Date :	10.03.2018

IDENTIFICATION DETAILS

Name :	CYCLA, LLC

Registered Office :	10900 W 120th Ave, B-5, Broomfield, CO 80021

Country :	United States

Financials (as on) :	2016 [Summarized]

Date of Incorporation :	28.03.2007

Legal Form :	Limited Liability Company

Line of Business :	Subject is a small organization in the recycling management industry located in Colorado, USA.

No. of Employees :	14

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow but correct

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

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 $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%.

Source : CIA

STATUTORY INFORMATION

Address in the order:

9345 N ELM CT FEDRAL HEIGHTS, CO 80260 United States

The address in the order corresponds to a warehouse of the company

Legal Name:

CYCLA, LLC

Trade Name:

CYCLA, LLC

ID:

20071154260

Date Created:

2007

Date Incorporated:

03/28/2007

Legal Address:

10900 W 120th Ave, B-5,

Broomfield, CO 80021,

United States

Operative Address:

10900 W 120th Ave, B-5,

Broomfield, CO 80021,

United States

Telephone:

303-234-0579

Fax:

303-231-0020

Legal Form:

Limited Liability Company

Email:

Patricia McCully, Business Management and Chief Executive Officer

Registered in:

Colorado

Website:

www.cyclallc.com

Contact:

Bell, Gould, Linder & Scott, P.C. (Registered Agent)

Patricia McCully, Business Management and Chief Executive Officer

Staff:

Activity:

NAICS 1: Materials Recovery Facilities

SIC 1: Recycling, Waste Materials

BANKS:

The company does not make its banking data public

HISTORY:

The company was founded in 2007

Key Developments:

June 4, 2013

CYCLA LLC selected as a “COLORADO COMPANIES TO WATCH” winner

PRINCIPAL ACTIVITY

Cycla Llc is a small organization in the recycling management industry located in Colorado, USA.

Products/Services description:

Cycla LLC provides thrift recycling management services to corporations. It recycles used clothing, shoes, toys, books, backpacks, purses and belts, kitchen metals, cell phones, rechargeable batteries, and other e-waste. The company also provides nylon burlap bags w/drawstring, nylon baling twines, baling wires, accessory recycling carts, store equipment, burlap bag stuffing racks, bale mule/dolly products, refurbished balers, baler control box guards, bale dollies, and basket trucks with spring lift. In addition, it wholesales hydraulic trash lifts and plastic bins/tubs. Further, the company manages recycling needs for various large thrift stores in the United States and internationally; and exports its products to overseas.

Cycla buys:

Textile, Shoes, Accessories, Purses, Belts & Backpacks

Books and CDs/DVDs

Kitchen Metals and Pots & Pans

Small Toys and Stuffed Animals

Brands:

Sales are:

Wholesale

Clients:

It serves textiles and Ecommerce industries, used product retailers, and ewaste recyclers.

United Parcel Service De Mexico SA De Cv

Mexico

Suppliers:

Operations area:

National and international

The company exports to

Mexico

The subject employs

14 employees

Payments:

Slow but correct

LOCATION

Headquarters :

10900 W 120th Ave, B-5,

Broomfield, CO 80021,

United States

Comments:

Branches:

9345 North Elm Court

Federal Heights, CO 80260

United States

Main Competitors

Emerald Recycling Inc.

8201 E Pacific Pl Ste 606

Cutting Edge Recycling Llc

9851 E Walsh Pl

Related Companies:

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

Capital:

Shareholders:

This is a private company. The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed:

Major holder is Patricia McCully

Management:

Patricia McCully, Business Management and Chief Executive Officer

Phil Tisue, Administrator

FINANCIAL INFORMATION

The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016

Sales

1,200,000

Cash flow

Normal

LEGAL FILINGS

Trademarks:

CYCLA, LLC THRIFT RECYCLING PROFESSIONALS - Trademark Details

Status: 702 - Section 8 & 15-Accepted And Acknowledged

Image for trademark with serial number 85232303

Serial Number 85232303

Registration Number 4059020

Word Mark CYCLA, LLC THRIFT RECYCLING PROFESSIONALS

Status702 - Section 8 & 15-Accepted And Acknowledged

Status Date 2017-02-15

Filing Date 2011-02-02

Registration Number 4059020

Registration Date 2011-11-22

Mark Drawing 3000 - Illustration: Drawing or design which also includes word(s)/ letter(s)/number(s) Typeset

Design Searches260303, 261709 - Incomplete ovals. Curved line(s), band(s) or bar(s).

Published for Opposition Date 2011-09-06

Attorney Name Michael Ambroziak

Law Office Assigned Location Code L20

Employee Name BOULTON, KELLY F

Filling History:

Event	Date Filed	Date Posted
Articles Of Organization	03/28/2007	03/28/2007
Postcard Notification Printed	02/23/2008	02/23/2008
02/23/2008 To Be Mailed 03/01/2008
Report	03/26/2008	03/26/2008
Postcard Notification Printed	02/23/2009	02/23/2009
02/23/2009 To Be Mailed 03/01/2009
Report	04/08/2009	04/08/2009
Postcard Notification Printed	02/23/2010	02/23/2010
02/23/2010 To Be Mailed 03/01/2010
Change In Status	06/01/2010	06/01/2010
Postcard Notification Printed	06/21/2010	06/21/2010
06/21/2010 To Be Mailed 07/01/2010
Change In Status	09/01/2010	09/01/2010
Postcard Notification Printed	09/01/2010	09/01/2010
09/01/2010 To Be Mailed This Month
Statement Curing Delinquency	10/05/2010	10/05/2010
Postcard Notification Printed	09/23/2011	09/23/2011
09/23/2011 To Be Mailed 10/01/2011
Report	10/12/2011	10/12/2011
Report	08/01/2012	08/01/2012
Periodic Report Due	09/23/2013	09/23/2013
Report	09/23/2013	09/23/2013
Periodic Report Due	09/23/2014	09/23/2014
Periodic Report Due In One Week	12/24/2014	12/24/2014
Report	12/26/2014	12/26/2014
Periodic Report Due	09/23/2015	09/23/2015

Lawsuits:

No records found

UCC:

No records found

OFAC

Sanctions List Search:

The company is not listed in the OFAC list.

SUMMARY

Founded in 2007, Cycla Llc is a small organization in the recycling management industry located in Colorado, USA.

The company has 14 full-time employees and generates an estimated USD 1.1 million in annual revenue.

The company exports to Mexico, operating within national and international markets.

This has been an ACTIVE company incorporated in COLORADO in 2007.

RISK INFORMATION

DEBTS

Controlled

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

ACTIVE

INTERVIEW

NAME

Patricia McCully

POSITION

Business Management and Chief Executive Officer

COMMENTS

We could confirm legal name, trade name and telephone. However, the person contacted was not available to provide further information about the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.07
UK Pound	1	INR 89.85
Euro	1	INR 80.16
US Dollar	1	INR 65.00

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	TPT

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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