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MIRA
INFORM REPORT
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Report No. : |
496760 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
THIBAUT INC. |
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Registered Office : |
Registered Agent
Information The Company Corporation 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 : |
1886 |
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Legal Form : |
Domestic Corporation |
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Line of Business : |
Subject is designs and
manufactures wallcoverings, coordinating print fabrics, embroideries, and
woven upholstery fabrics for homes and other projects. The company also
provides wallpaper and fabric services for special projects. It offers its
products through interior designers, |
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No. of Employees : |
89 |
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 (30.09.2017) |
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: |
THIBAUT INC. |
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Trade Name: |
Thibaut Design Thibaut
Wallcoverings Fabrics |
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ID: |
2354127 |
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Date Created: |
1886 |
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Date Incorporated: |
10/6/1993 |
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Legal Address: |
Registered Agent
Information The Company
Corporation 251 Little Falls
Drive Wilmington, New
Castle DE 19808 USA |
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Operative Address: |
480 Frelinghuysen
Ave Newark, NJ, 07114
United States |
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Telephone: |
US: Toll Free 800-223-0704 UK: +44 0 20 7737 6555 |
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Fax: |
US: 973-643 3050 |
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Legal Form: |
Domestic Corporation |
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Email: |
info@thibautdesign.co.uk info@thibautdesign.co.us |
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Registered in: |
DELAWARE |
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Website: |
www.thibautdesign.com |
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Contact: |
Robert Senior,
Chief Executive Officer |
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Staff: |
89 |
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Activity: |
NAICS 1: Paint,
Varnish, and Supplies Merchant Wholesalers SIC 1:
Wallcoverings |
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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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Thibaut (pronounced Tee-Bo) was founded
in New York in 1886 by Richard E. Thibaut, an American of Parisian descent. |
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Key Developments: |
Three generations
of the Thibaut family owned and managed the company before it was sold to its
employees. RPM, a manufacturer
of specialty coatings purchased the company in 1976. In 2005, management
and The Riverside Company became the owners, and since June 2014, management
co-owns Thibaut with Champlain Capital. |
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PRINCIPAL ACTIVITY |
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Thibaut Inc. is a
mid-sized organization in the paint and varnish supplies industry located in
Newark, NJ. |
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Products/Services description: |
Thibaut Inc.
designs and manufactures wallcoverings, coordinating print fabrics,
embroideries, and woven upholstery fabrics for homes and other projects. The
company also provides wallpaper and fabric services for special projects. It
offers its products through interior designers, trade-only showrooms, and
retail stores in the United States and internationally. |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
TNA STONE MACHINERY
INC. France Eurostone Machine
Usa USA |
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Suppliers: |
Swadeshi Silks India Skl Exports Ltd India Ethnic Exports India Marteks Marmara
Tekstil San.Ve Tic. Turkey Anstey Wallpaper Co. UK |
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Operations area: |
National and International |
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The company imports from |
India, Turkey and UK |
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The company exports to |
France, Canada,
Ireland and UK |
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The subject
employs |
89 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
480 Frelinghuysen Ave Newark, NJ, 07114 United States |
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Comments: |
NA |
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Branches: |
The company does
not have branches. However, it offers its products through interior
designers, trade-only showrooms, and retail stores in the United States and
internationally. |
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Main Competitors |
International
Contract Wallcovering Company 47 Iowa Ave Paterson, New
Jersey 07503-2516 Brush Happy Paint 103 Stanton Ave Piscataway, New
Jersey 08854-2461 Paintcol Corp 143 Howard Dr Apt C Bergenfield, New
Jersey 07621-4526 The Latex Paint
Project 150 Railroad Ave Paterson, New
Jersey 75012943 Superior Paint LLC 24 Central Pl West Orange, New
Jersey 07052-4302 |
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Related Companies: |
Office in UK: UK:36 Hinton Road London, SE24 OHJ UK |
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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: |
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: Thibaut Inc. is a former subsidiary of
RPM International Inc. In 2005, management and The Riverside
Company became the owners, and since June 2014, management co-owns Thibaut
with Champlain Capital. |
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Management: |
Robert Senior, Chief Executive Officer Stacy Senior Allan, Marketing Director Tom Verocco, Finance Director Doug Joyner, Manager Cortney Henry, Public Relations Tom De Rocco, Chairman |
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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 |
80,000,0000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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Trademarks: |
TREILLAGE - Trademark Details Status: 710 - Cancelled - Section 8 Image for trademark with serial number
76067908 Serial Number76067908 Registration Number2842079 Word Mark TREILLAGE Status710 - Cancelled - Section 8 Status Date2010-12-24 Filing Date2000-06-12 Registration Number2842079 Registration Date2004-05-18 Mark Drawing1000 - Typeset:
Word(s)/letter(s)/number(s) Typeset Published for Opposition Date2002-09-03 Attorney Name RAYMOND RUNDELLI Law Office Assigned Location CodeM50 Employee Name NEVILLE, JAMES B THIBAUT - Trademark Details Status: 710 - Cancelled - Section 8 Image for trademark with serial number
75003322 Serial Number75003322 Registration Number2038406 Word Mark THIBAUT Status710 - Cancelled - Section 8 Status Date2007-11-24 Filing Date1995-10-10 Registration Number2038406 Registration Date1997-02-18 Mark Drawing5R11 - Illustration: Drawing
with word(s)/letter(s)/number(s) in Stylized form 150% Enlargement Published for Opposition Date1996-11-26 Attorney Name COLLEEN F GROSS Law Office Assigned Location CodeL40 Employee Name KAISER, THERESA THIBAUT - Trademark Details Status: 800 - Registered And Renewed Image for trademark with serial number
78708709 Serial Number78708709 Registration Number3192146 Word Mark THIBAUT Status800 - Registered And Renewed Status Date2017-02-23 Filing Date2005-09-08 Registration Number3192146 Registration Date2007-01-02 Mark Drawing4000 - Standard character
mark Typeset Published for Opposition Date2006-10-17 Attorney Name Raymond Rundelli Law Office Assigned Location CodeL30 Employee Name JUN, WON KYUNG WENDY CENTURIES - Trademark Details Status: 710 - Cancelled - Section 8 Image for trademark with serial number
74735432 Serial Number74735432 Registration Number2082210 Word Mark CENTURIES Status710 - Cancelled - Section 8 Status Date2008-04-25 Filing Date1995-09-28 Registration Number2082210 Registration Date1997-07-22 Mark Drawing1000 - Typeset:
Word(s)/letter(s)/number(s) Typeset Published for Opposition Date1996-06-18 Law Office Assigned Location CodeL40 Employee Name OH, WON TEAK DAMASK RESOURCE - Trademark Details Status: 710 - Cancelled - Section 8 Image for trademark with serial number
78708276 Serial Number78708276 Registration Number3126885 Word Mark DAMASK RESOURCE Status710 - Cancelled - Section 8 Status Date2013-03-15 Filing Date2005-09-07 Registration Number3126885 Registration Date2006-08-08 Mark Drawing4000 - Standard character
mark Typeset Published for Opposition Date2006-05-16 Attorney Name Raymond Rundelli Law Office Assigned Location CodeL80 Employee Name CARRUTHERS, ALICE S |
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Lawsuits: |
No records found |
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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 |
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Founded in 1886, Thibaut Inc. is a
mid-sized organization in the paint and varnish supplies industry located in
Newark, NJ. The company has 89 full-time employees
and generates an estimated USD 80 million in annual revenue. The company imports from India, Turkey
and UK, and exports to France, Canada, Ireland and UK, operating within
national and international markets. Thibaut Inc. is a former subsidiary of
RPM International Inc. In 2005, management and The Riverside
Company became the owners, and since June 2014, management co-owns Thibaut
with Champlain Capital. This has been an ACTIVE company
incorporated in DELAWARE in 1993. |
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RISK INFORMATION |
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
Despite we called
the company several times, the person in charge of providing information
about the company was not present, so we could not confirm further
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 90.12 |
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Euro |
1 |
INR 80.09 |
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US Dollar |
1 |
INR 64.94 |
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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PRA |
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Report Prepared
by : |
TRU |
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.