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MIRA INFORM REPORT
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Report No. : |
497504 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SUNSHINE PAPER COMPANY, LLC |
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Registered Office : |
1525 17th Street, Denver, CO 80202 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarised) |
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Date of Incorporation : |
31.10.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in manufactures paper and paper products. |
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No. of Employees : |
20 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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: |
SUNSHINE PAPER COMPANY, LLC |
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Trade Name: |
SUNSHINE PAPER COMPANY, LLC |
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ID: |
19971175075 |
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Date Created: |
1997 |
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Date Incorporated: |
10/31/1997 |
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Legal Address: |
1525 17th Street, Denver, CO 80202, United States |
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Operative Address: |
12601 E 33RD AVE STE 109, AURORA , CO 80011, United States |
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Telephone: |
800-654-5432 |
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Fax: |
303-341-2995 |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
info@sunshinepaper.com |
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Registered in: |
COLORADO |
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Website: |
www.sunshinepaper.com |
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Contact: |
Sherry Bartz - Controller |
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Staff: |
20 |
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Activity: |
NAICS 1: Paper Bag and Coated and Treated Paper
Manufacturing SIC 1: Paper; Coated And Laminated Packaging |
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Banks: |
BANK OF AMERICA WELLS FARGO BANK, NATIONAL ASSOCIATION WELLS FARGO EQUIPMENT FINANCE, INC. MKS, INC. |
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History: |
The company was founded in 1997. |
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PRINCIPAL
ACTIVITY
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Sunshine Paper Company LLC manufactures paper and
paper products. |
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Products/Services description: |
The company offers fiber based, coated fiber and
synthetics calibrated Underpacking, Pressroom Consumables, Architectural
Papers, Engineering Papers, Ink Jet, Films and Adhesives, Auto Wash Cloth,
Cleaners, Lubricants, Fountain Filters, Ink Duct Foils, Perfing & Scoring
Rules, Sorbents, Wash-Up Blades and Wipers. |
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Brands: |
SUNSHINE PAPER COMPANY |
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Sales are: |
Wholesale |
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Clients: |
Jet Graphic Offset Abad C.A. |
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Suppliers: |
Atece Graphic Products Bv Pavan Forniture Grafiche Spa Marks 3 Zet GmbH & Co K |
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Operations area: |
National and International |
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The company imports from |
NETHERLANDS GERMANY ITALY |
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The company exports to |
INDIA ECUADOR |
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The subject employs |
20 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
12601 E 33RD AVE STE 109, AURORA , CO 80011, United
States |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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.
We were not able to confirm major holders. |
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Management: |
Sherry Bartz - Controller Jurgen Meyer – Member D Scott Morrison – Member |
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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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Sales |
7.200.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
No records found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
DRUMHEAD Tympan paper Owned by: Sunshine Paper Company, LLC Serial Number: 75545471 LITH-PAK Tympan paper Owned by: Sunshine Paper Company, LLC Serial Number: 75546925 STA-PUT Tympan paper Owned by: Sunshine Paper Company, LLC Serial Number: 75550639 SUN PAK Tympan paper Owned by: Sunshine Paper Company, LLC Serial Number: 75551601 WEEDGARD Mulch paper Owned by: Sunshine Paper Company, LLC Serial Number: 77356314 WEEDGARD PLUS Mulch paper Owned by: Sunshine Paper Company, LLC Serial Number: 77437561 WEEDGUARD PLUS Mulch paper Owned by: Sunshine Paper Company, LLC Serial Number: 77439065 WEEDGUARD Mulch paper Owned by: Sunshine Paper Company, LLC Serial Number: 77446587 |
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RENEWAL HISTORY |
Event Date
Filed Date Posted Effective Date Document# Comment 1 Articles
of Organization 10/31/1997 10/31/1997 10/31/1997 12:00 AM 19971175075
ROCKMONT PAPER COMPANY, LLC 2 Entity
Name Change 11/17/1997 11/17/1997 11/17/1997 12:00 AM 19971184235
ROCKMONT PAPER COMPANY, LLC 3 Report
Printed 09/16/1999 09/16/1999 09/16/1999 12:00 AM CR
- 10/01/1999 - 12/31/1999 4 Report
12/30/1999 12/30/1999 12/30/1999
12:00 AM 19991246699 PERIODIC REPORT 5 Amendment
01/10/2000 01/10/2000 01/10/2000
12:00 AM 19991246699 CHANGE RORA 6 Amendment
04/16/2001 04/16/2001 04/16/2001
12:00 AM 20011077801 CHANGE RORA 7 Report
Printed 09/19/2001 09/19/2001 09/19/2001 12:00 AM PR
- 10/01/2001 - 12/31/2001 8 Report
10/04/2001 10/04/2001 10/04/2001
12:00 AM 20011192094 CORP REPORT 9 Report
Printed 09/18/2002 09/18/2002 09/18/2002 12:00 AM PR
- 10/01/2002 - 12/31/2002 10 Report
10/06/2002 10/06/2002 10/06/2002
12:00 AM 20021276630 CORP REPORT 11 Report
Printed 09/16/2003 09/16/2003 09/16/2003 12:00 AM PR
- 10/01/2003 - 12/31/2003 12 Report
10/20/2003 10/20/2003 10/20/2003
12:00 AM 20031331483 CORP REPORT 13 postcard
notification printed 09/24/2004 to
be mailed 10/01/2004 09/24/2004 09/24/2004 09/24/2004 03:49 PM annual
report due: 12/31/2004 14 Report
11/04/2004 11/04/2004 11/04/2004
10:53 AM 20041387304 Change of Registered Agent Address 15 Report
09/07/2005 09/07/2005 09/07/2005
01:14 PM 20051336990 16 postcard
notification printed 09/21/2006 to
be mailed 10/01/2006 09/21/2006 09/21/2006 09/21/2006 03:04 AM annual
report due: 12/31/2006 17 Report
10/06/2006 10/06/2006 10/06/2006
01:53 PM 20061409611 18 postcard
notification printed 09/23/2007 to
be mailed 10/01/2007 09/23/2007 09/23/2007 09/23/2007 03:49 AM annual
report due: 12/31/2007 19 Report
11/29/2007 11/29/2007 11/29/2007
08:30 AM 20071541594 20 postcard
notification printed 09/23/2008 to
be mailed 10/01/2008 09/23/2008 09/23/2008 09/23/2008 04:22 AM annual
report due: 12/31/2008 |
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UCC |
Document # Date Debtor Secured
Party Type Record #Lapse Date 2008F108150 11/03/2008 SUNSHINE PAPER COMPANY, LLC WELLS FARGO BANK, NATIONAL ASSOCIATION UCC financing statement 2008F108150 11/03/2018 2009F104017 12/18/2009 SUNSHINE PAPER COMPANY, LLC WELLS FARGO EQUIPMENT FINANCE, INC. UCC financing statement 2009F104017 12/18/2019 20122079463 12/20/2012 Sunshine Paper Company, LLC Wells Fargo Equipment Finance, Inc. UCC financing statement 20122079463 12/20/2022 20142024912 03/18/2014 Sunshine Paper Company, LLC MKS, Inc. UCC financing statement 20142024912 03/18/2019 20152013978 02/13/2015 Sunshine Paper Company, LLC Wells Fargo Equipment Finance, Inc. UCC financing statement 20152013978 02/13/2020 20152027555 03/27/2015 Sunshine Paper Company, LLC Wells Fargo Equipment Finance, Inc. UCC financing statement 20152027555 03/27/2020 |
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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 1997, Sunshine Paper Company, Llc is a
small organization in the coated and laminated packaging paper manufacturers industry
located in Aurora, CO. It has 20 full time employees and generates an
estimated $7.2 million in annual revenue. The company operates nationally and internationally,
mainly exporting to India and Ecuador. It is ACTIVE in business with no
negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Michael |
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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 and the date of creation of the company. He was
reluctant to provide 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 64.87 |
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1 |
INR 90.48 |
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Euro |
1 |
INR 79.48 |
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USD |
1 |
INR 65.08 |
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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VIV |
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Report Prepared
by : |
DNS |
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.