|
|
|
MIRA INFORM REPORT
|
Report No. : |
495793 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
CROWN IRON WORKS COMPANY |
|
|
|
|
Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Catsle, De,
19801, USA |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
2016 [Summarized] |
|
|
|
|
Date of Incorporation : |
1878 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Subject designs, manufactures, and supplies oilseed processing
equipment. |
|
|
|
|
No. of Employees : |
78 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a
per capita GDP of $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
|
|
|
Legal Name: |
CROWN IRON WORKS COMPANY |
|
Trade Name: |
CROWN IRON WORKS COMPANY |
|
ID: |
273409 |
|
Date Created: |
1878 |
|
Date Incorporated: |
12/9/1929 |
|
Legal Address: |
Corporation Trust Center 1209 Orange St, Wilmington, New Catsle, De,
19801, USA |
|
Operative Address: |
2500 West County Road C Roseville, MN 55113 United States |
|
Telephone: |
651-639-8900 |
|
Fax: |
651-639-8051 |
|
Legal Form: |
Corporation |
|
Email: |
NA |
|
Registered in: |
DELAWARE |
|
Website: |
www.crowniron.com |
|
Contact: |
Mr. Ralph Romano - Vice President of Finance and Member of Executive
Board |
|
Staff: |
78 |
|
Activity: |
NAICS 1: Food Product Machinery Manufacturing SIC 1: Food Products Machinery |
|
|
|
|
Banks: |
BANK OF AMERICA |
|
|
|
|
History: |
The company was founded in 1878 and is based in Roseville, Minnesota
with additional office locations worldwide. |
|
|
|
|
Parent Company: |
As of August 16, 2007, Crown Iron Works Company operates as a
subsidiary of: CPM Holdings Inc. 2975 Airline Circle Waterloo, IA 50703 United States |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
Crown Iron Works Company designs, manufactures, and supplies oilseed
processing equipment. |
|
Products/Services description: |
The company offers preparation, corn fractionation, extraction,
specialty extraction, drying, refining, biodiesel, and oleo chemical
technologies; and spare and replacement parts for vegetable and edible oil
extraction and processing equipment. It also provides evaluation, project
management, process engineering, procurement, local manufacturing, shipping,
installation, commissioning, after sale, and financing services. |
|
Brands: |
CROWN IRON WORKS |
|
Sales are: |
Wholesale |
|
Clients: |
Industrias Ales C. A. Industrias De Aceite S.A. Intecnial SA Complejo Agroindustrial Angostura S.A. Cargill Agropecuaria Saci Adm Paraguay Sa. Mecanica Dinamica De Procesos SA De Cv R H Industrial Sa De Cv Proteinas Y Oleicos Sa De Cv Vanguard Logistics Services S.A. |
|
Suppliers: |
Filtration Group B.V. Kollemann GBMH Pisces Engineering Sdn. Bhd. |
|
Operations area: |
National and International |
|
The company imports from |
NETHERLANDS GERMANY MALAYSIA |
|
The company exports to |
ECUADOR BOLIVIA BRAZIL PARAGUAY MEXICO ARGENTINA |
|
The subject employs |
78 employees |
|
Payments: |
Regular |
|
|
|
LOCATION
|
|
|
Headquarters : |
2500 West County Road C Roseville, MN 55113 United States |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found. |
|
Related Companies: |
EUROPEAN HEADQUARTERS Europa Crown Ltd. Waterside Park Livingstone Road, Hessle East Yorkshire HU13 OEG United Kingdom ARGENTINA Manager: Alejandro Citterio Alberto J. Paz 1065 bis P.B. Of. 5 y 6 Rosario (2000) Santa Fe Argentina BRAZIL Crown Iron Tecnologias Ltda Avenida Sabiá, 758 Moema São Paulo – SP 04515-001 CHINA Crown Asia Engineering (Wuhan) Co., Ltd. Room 301, 18th Building Innovation Base HUST Science Park No. 33 Tang Xum Hu Bei Road Donghu High-Tech Zone Wuhan City, Hubei, PR China 430074 GERMANY CPM SKET GmbH Geschäftsführer: Henning Noack Schilfbreite 2 39120 Magdeburg Germany CPM SKET GMBH Branch Office Neuwied Niederbieberer Str. 126 56567 Neuwied Germany |
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information on shareholders. The following
information has been provided by private sources and could not be confirmed: As of August 16, 2007, Crown Iron Works Company operates as a
subsidiary of: CPM Holdings Inc. 2975 Airline Circle Waterloo, IA 50703 United States |
|
Management: |
Mr. Ralph Romano - Vice President of Finance and Member of Executive
Board Mr. Gary Koerbitz - Vice President of Operations and Member of
Executive Board Mr. George Anderson - Vice President of Engineering and Member of
Executive Board Mr. Jeff Scott - Vice President of Marketing & Sales and Member of
Executive Board |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its financial
statements public. The following information has been provided by private
sources: |
|
|
|
|
USD 2016 |
|
|
Sales |
38.000.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
PATENTS |
RECYCLING PROCESS FOR DISCARDED ROOF SHINGLES Publication number: 20130104774 Abstract: A process extracts and reclaims the components of an asphalt-based
material having as constituents at least asphalt and one or more solid
materials. A solvent for asphalt dissolves the asphalt constituent to form a
slurry of asphalt-solvent liquid and the solid materials. The liquid and the
solids in the slurry are then separated. The liquid is separated into solvent
and asphalt. The solids, when of more than one type, are separated into at
least one pure constituent solid. In a preferred embodiment, the process runs
in a continuous mode with the various materials flowing as streams into
spaces where steps of the process operate. The process can be used for both
worn roofing shingles and for asphalt paving. Type: Application Filed: October 31, 2012 Publication date: May 2, 2013 Applicant: CROWN IRON WORKS COMPANY Inventor: Crown Iron Works Company Extractor Patent number: 9511307 Abstract: An extractor which provides significant features over
structures known in the prior art. The present improved structure employs
nozzles which eject a jet of fluid upwardly into a granular or flake product
being conveyed on a transfer conveyor. Type: Grant Filed: April 19, 2013 Date of Patent: December 6, 2016 Assignee: CROWN IRON WORKS COMPANY Inventors: Benjamin W. Floan, George E. Anderson EXTRACTOR Publication number: 20150132198 Abstract: An extractor which provides significant features over
structures known in the prior art. The present improved structure employs
nozzles which eject a jet of fluid upwardly into a granular or flake product
being conveyed on a transfer conveyor. Type: Application Filed: April 19, 2013 Publication date: May 14, 2015 Applicant: Crown Iron Works Company Inventors: Benjamin W. Floan, George E. Anderson DT VAPOR WASH Publication number: 20150374027 Abstract: An agricultural product treatment system. A preferred
embodiment of the invention includes a truncated conical section which has a
small diameter at one end in fluid communication with a conduit array
conveying particulate matter from the DT. An open large diameter end of the
structure is axially coextensive and coaxial with an expanded diameter
conduit portion. Type: Application Filed: June 29, 2015 Publication date: December 31, 2015 Applicant: CROWN IRON WORKS COMPANY Inventor: George E. Anderson |
|
|
|
|
GOVERNMENT CONTRACTS |
No records found. |
|
|
|
|
CASES |
No records found. |
|
|
|
|
TRADEMARKS |
DIAL-A-FLOW SAND MIXING MACHINES Owned by: CROWN IRON WORKS COMPANY Serial Number: 73048119 HIPLEX edible oilseed meal for animal feed Owned by: CROWN IRON WORKS COMPANY Serial Number: 77305980 |
|
|
|
|
RENEWAL HISTORY |
No records found. |
|
|
|
|
UCC |
No records found. |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY
|
|
|
|
Founded in 1878, Crown Iron Works Company is a mid-sized organization
in the food products machinery manufacturers industry located in Roseville,
MN. It has 78 full time employees and generates an estimated $38 million
in annual revenue. The company operates nationally and internationally, mainly importing
from Netherlands, Germany and Malaysia. It is ACTIVE in business with no
negative records. |
|
|
|
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
|
|
|
|
INTERVIEW |
|
|
NAME |
Erik |
|
POSITION |
Shipping |
|
COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees and
the Contact Name. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.20 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
|
US Dollar |
1 |
INR 65.23 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.