MIRA INFORM REPORT

Report No. :	507764
Report Date :	11.05.2018

IDENTIFICATION DETAILS

Name :	CARBON ACTIVATED CORPORATION
Registered Office :	2250 S Central Ave Compton CA 90220 USA
Country :	United States
Financials (as on) :	2016 [Summarized]
Date of Incorporation :	1993
Legal Form :	Domestic Stock
Line of Business :	Manufactures and Distributes Coconut Shell, Coal, and Wood Base Activated Carbon.
No. of Employees :	20

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	--

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 $59,500. 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 more than 50% 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, 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 former 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 FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.

In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), 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 former 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%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. 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 continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.

In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate.

Source : CIA

STATUTORY INFORMATION
Address in the order:	250 E MANVILLE STREET.COMPTON CA-90220 USA This address corresponds to the warehouse location.
Legal Name:	CARBON ACTIVATED CORPORATION
Trade Name:	CARBON ACTIVATED CORP.
ID:	C1782690
Date Created:	1993
Date Incorporated:	04/25/1996
Legal Address:	2250 S Central Ave Compton CA 90220 USA
Operative Address:	2250 South Central Avenue, Compton, CA 90220, United States
Telephone:	310-885-4555
Fax:	310-885-4558
Legal Form:	Domestic Stock
Email:	contact@activatedcarbon.com
Registered in:	CALIFORNIA, USA
Website:	www.activatedcarbon.com
Contact:	Lionel Perera, President
Staff:	20
Activity:	SIC Code: 2819, Industrial Inorganic Chemicals, NEC
BANKS:
	The company does not make its banking data public
HISTORY:
	The company was founded in 1993 and was incorporated in 1996 and is based in Compton, California.
PRINCIPAL ACTIVITY
	Carbon Activated Corporation manufactures and distributes coconut shell, coal, and wood base activated carbon.
Products/Services description:	Coconut Shell Activated Carbon Granular activated carbon (GAC) Powdered activated carbon (PAC) Pelletized activated carbon Catalytic Activated Carbon Impregnated Activated Carbon General Services Testing Services Laboratory Testing Carbon Change-Out Services Inclusive of Supplying Filter Media Supply and Installation of Liquid and Vapor Filter Systems Specialized in Municipal Potable Water and Wastewater Treatment Plants Odor Control Advance Material Handling Equipment for Change-Out Services Performance Guarantees and Superior Lead-times Disposal of Hazardous and Non-Hazardous Spent Activated Carbon Regeneration of Spent Carbon Crushing and Screening Activated Carbon to Meet Size Requirements Free Technical Support Laboratory Testing for All Parameters Carbon Loading Calculation Reports to Establish Bed-Life of Activated Carbon On-site Pumping Services On-site Pneumatic Services
Brands:	No brands registered
Sales are:	Wholesale
Clients:	NA
Suppliers:	OCEANIC SHIPPING + TRANSPORT GMBH Core Carbons MESO CARBON INDIA PVT., LTD.
Operations area:	National and International
The company imports from	Germany, India
The subject employs	20 employees
Payments:	No Complaints
LOCATION
Headquarters :	2250 South Central Avenue, Compton, CA 90220, United States
Comments:	NA
Branches:	2365 WIGWAM DR STOCKTON, CA, 95205-2428 United States (209) 944-9154 US East Coast | New York Tel: +Tel: +1(716) 677-6661 Fax:+1(716) 677-6663 3774 Hoover Road, Blasdell, NY 14219, USA 3774 Hoover Rd This business is located at 3774 Hoover Rd, a commercial address in Buffalo, NY. The industrial property was last sold on October 08, 2009 for $750,000. Estimated Value The light industrial facility has an estimated value of $548,845, which is 30% below the $788,784 average for industrial properties nearby. When the building was last assessed in 2012, the assessment value was $540,000. Property Size At 2,416 sq ft of space, the building is slightly smaller than most industrial properties in the 14219 zip code, where the average has around 2,956 sq ft.
Main Competitors	Oxbow Activated Carbon California Carbon Co. , Inc. Calgon Carbon Corporation Global EcoCarb Pvt Ltd.
Related Companies:	UK | Europe | Middle East | Africa Sales Offices: Belgium +32 (0) 81 39 12 19 France +33 (0) 4 99 64 26 87 Germany +49 2166-1236411 Netherlands +31 (0) 10 799 5228 Poland +48 (0) 12-349-4900 Spain +34 96 045 1627 UK +44 (0) 1454 546 547 Australia Tel: Tel: (+61) 1300 742 223 Carbon Activated Corp Australia Pty Ltd, 74-80 Fitzgerald Rd, Laverton North VIC 3026 info-australia@activatedcarbon.com Canada Tel: +Tel: +1(905) 993 2646 Fax:+1(905) 931-1901 PO Box 193, Jarvis Street, Fort Erie, L2A 5M9, Canada canadaInfo@activatedcarbon.com
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. We could not confirm major holders.
Management:	Lionel Perera, President Tony Jolly, Key Account Sales Manager Tom Nash, Business Development Manager Robie Mangubat, National Sales Manager Isaac Post, Sales Manager
FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Sales	10 000 000
Cash flow	Normal
LEGAL FILINGS
Lawsuits:	Carbon Activated Corp. v. United States, No. 15-1112 (Fed. Cir. 2015) Carbon imported three entries from China in June-July, 2007, which were subject to an antidumping duty order from the Department of Commerce covering activated carbon from China. Carbon deposited estimated antidumping duties at a rate of 67.14%. An administrative review of the order for the period from October 2006, to March 2008, began in June 2008. Commerce instructed Customs to suspend liquidation of entries imported during the review period. Nonetheless, Customs liquidated Carbon’s entries in 2008 at the rate of 67.14%. Carbon allegedly was unaware of the liquidation and did not then protest under 19 U.S.C. 1514. In November 2009, Commerce published the results of the administrative review. Several parties, including the exporter of Carbon’s entries, Hebei, challenged the results and obtained a preliminary injunction suspending liquidation. Ultimately, the Trade Court sustained a final liquidation rate of 16.35% for entries exported by Hebei, which would have applied to the three Carbon entries, had they not already been liquidated. In June 2012, Carbon first became aware that the entries had been erroneously liquidated. In September 2012, Carbon filed a protest. In October 2013, Carbon sought a refund under 28 U.S.C. 1581(i). The Trade Court found the protest untimely under the 180- day statutory deadline, that filing a timely protest in 2008 would not have been a manifestly inadequate remedy, and that section 1581(i) was not available. The Federal Circuit affirmed. Carbon Activated Corp. v. United States, No. 13-00366 (Ct. Int'l Trade 2014)
UCC:	Debtor Names: CARBON ACTIVATED CORPORATION 109 HUNTERS RIDGE ROAD, ORCHARD, NY 14127, USA Secured Party Names: TCF EQUIPMENT FINANCE, A DIVISION OF TCF NATIONAL BANK 11100 WAYZATA BLVD., SUITE 801, MINNETONKA, MN 55305, USA 201612056421628 12/05/2016 12/05/2021 Financing Statement
OFAC Sanctions List Search:	The company is not listed in the OFAC list.
SUMMARY
	The company was founded in 1993 and was incorporated in 1996 and is based in Compton, California. Carbon Activated Corporation manufactures and distributes coconut shell, coal, and wood base activated carbon. It mainly imports from China and India, but does not show any export. It is ACTIVE in CALIFORNIA, USA; with no negative.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	BRAD
POSITION	OPERATOR
COMMENTS	He confirmed name, legal address, operative address, email, website and that Lionel Perera is the president.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.38
UK Pound	1	INR 91.39
Euro	1	INR 79.89
US Dollar	1	INR 67.17

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)

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