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MIRA INFORM REPORT
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Report No. : |
500882 |
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Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
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Name : |
K-C INTERNATIONAL LLC |
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Registered Office : |
013 Centre Road Suite 403-B, Wilmington, Castle, DE 19805 |
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Country : |
United States |
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Date of Incorporation : |
1976 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The company provides recycling, equipment, financing, and brokerage
services. |
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No. of Employees : |
55 |
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 has 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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Address in the
order: |
1608 ROUTE 88
WEST, SUIT 301, BRICK, NJ 08724, United
States This
is the mailing address |
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Legal Name: |
K-C
INTERNATIONAL LLC |
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Trade Name: |
Garden Fibers Ekman Recycling Ekman Phoenix
Marketing Gisco |
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ID: |
3777796 |
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Date Created: |
1976 |
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Date
Incorporated: |
3/16/2004 |
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Legal Address: |
013 Centre Road
Suite 403-B Wilmington, Castle DE 19805 |
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Operative
Address: |
1800 Route 34 Building 4 Suite
401 Wall, NJ 07719 |
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Telephone: |
1 732 202 9500 |
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Fax: |
1 732 280 1418 |
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Legal Form: |
Limited
Liability Company |
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Email: |
info.us@ekmangroup.com |
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Registered in: |
DELAWARE |
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Website: |
www.ekmangroup.com |
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Contact: |
Frank Crowley |
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Staff: |
55 |
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Activity: |
Securities
Brokerages Industry |
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Banks: |
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Bank of
America |
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History
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The company was
founded in 1976. As of May 2004,
Ekman Recycling, Inc. operates as a subsidiary of Ekman & Co. AB. Ekman Recycling,
Inc. was formerly known as KC International and changed its trade name to
Ekman Recycling in 2007. |
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PRINCIPAL ACTIVITY
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The company
provides recycling, equipment, financing, and brokerage services. |
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Products/Services
description: |
Recycling Equipment Financing Brokerage |
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Brands: |
Ekman |
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Sales are: |
Wholesale |
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Clients: |
Silverton Pulp
& Papers Private India |
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Suppliers: |
NA |
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Operations area:
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National and
International |
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The company exports
to |
India |
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The subject
employs |
55 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
1800 Route 34 Building 4 Suite
401 Wall, NJ 07719 |
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Branches: |
Mailing Address: 1608
ROUTE 88 WEST SUITE 301 BRICK,
NJ 08724 Ekman & Co
Inc 8750 Northwest
36th Street Suite 400 FL 33178-2499 ,
Miami Ekman Recycling 1370 N. Brea
Blvd. Suite # 200 CA 92835 ,
Fullerton Ekman & Co
Inc 100 W Lawrence
Street Suite 106B 54911 ,
Appleton, WI Garden Fibers
Warehouse 86 Main Street Suite 206 04210 , Auburn,
ME Ekman Recycling Plastics/Metals 07024 , Ft. Lee,
NJ Ekman Recycling 2645 Atwoodtown
Road 23456 , Virginia
Beach, VA Coastal Pulp
& Paper LLC 1980 Williamette
Falls Drive Suite 210 97068 , West
Linn, OR Ekman Recycling 5437 Mahoning
Avenue Suite 21 44515 ,
Austintown, OH |
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Related
Companies: |
Sáo Paulo Ekman Do Brasil
Comercial Ltda Av. Nove de
Julho, n° 5593 – cj 63, Jardim
Paulista 0147-913 , Sáo
Paulo Canada Brockville
Ontario Ekman Recycling 84 King Street W Suite 205C K6V 3P9 ,
Brockville, Ontario Vancouver Secondary Pulp
and Paper Inc. Suite 1310 409 Granville
Street V6C 1T2 ,
Vancouver B.C Mexico Ekman & Co
Inc Dr. José María
Vertíz 873-303 Col. Narvarte 03020 , Mexico,
D.F. Ekman Invest
Holding Ab Sweden |
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Competitors: |
Coretec Mining
Work Inc. Giordano Auto
Recycling Inc. Sims Metal
Management Limited |
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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
operates as a subsidiary of: Ekman & Co.
AB. Lilla Bommen 1 P.O. Box 230 SE-401 23
Gothenburg |
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Management: |
Frank Crowley,
Manager Member and CEO Phil Epstein,
Member-executive Vice President Rich Serafin,
International Credit and Collection Manager |
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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 |
86 083 000 |
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Cash Flow |
Normal |
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LEGAL FILINGS
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CASES |
No records found |
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RENEWAL HISTORY |
Tax Year 2016 LP/LLC/GP
Tax $300.00 Penalty $0.00 1.5% Monthly
Interest $0.00 Previous
Credit/Balance $0.00 Amount Due
$300.00 Total $300.00 |
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SUMMARY
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Founded in 1976,
K-C International Llc is a mid-sized organization in the scrap and waste
material companies industry located in Wall Township, NJ. It has 55 full
time employees and generates an estimated $ 86 million in annual
revenue. The company
operates in the national and international area, exporting prodcuts to India
and China. The organization
operates as a subsidiary of Ekman & Co. AB. K-C International
Llc is ACTIVE without negative records. |
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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 |
Alan |
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POSITION |
Sales |
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COMMENTS |
He confirmed
name, address in the order, estimated staff and managers. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.80 |
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1 |
INR 92.25 |
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Euro |
1 |
INR 80.76 |
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US Dollar |
1 |
INR 65.14 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
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.