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MIRA INFORM REPORT
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Report No. : |
508536 |
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Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
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Name : |
DANISCO USA INC. |
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Registered Office : |
120 South Central Ave Clayton, MO 63105 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
13.05.1975 |
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Legal Form : |
Corporation |
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Line of Business : |
· Subject produces and sells of ingredients, enzymes, and bio-based solutions. · Manufacturing of all other miscellaneous food. · Food Preparations, NEC |
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No. of Employees : |
500 |
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+ |
Low Risk |
Business dealings permissible with low
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 $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.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
DANISCO USA INC. |
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Trade Names: |
DANISCO USA INC. |
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ID: |
00176133 |
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Date Created: |
1975 |
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Date Incorporated: |
5/13/1975 |
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Legal Address: |
120 South Central Ave Clayton, MO 63105, USA |
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Operative Address: |
4 New Century Parkway New Century, KS 66031 United States |
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Telephone: |
1-800-255-6837 |
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Fax: |
1-913-764-9157 |
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Legal Form: |
CORPORATION |
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Email: |
info@danisco.com |
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Registered in: |
MISSOURI |
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Website: |
www.danisco.com |
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Contact: |
Mr. Germain Despres - President |
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Staff: |
500 |
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Activity: |
SIC Code 2099, Food Preparations, NEC NAICS Code 311999, All Other Miscellaneous Food Manufacturing |
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Banks
BANK OF AMERICA |
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History
The company was founded in 1975
and is based in New Century, Kansas. |
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Parent Company: |
Danisco USA, Inc. operates as a subsidiary of: DuPont Nutrition & Health Langebrogade 1 Copenhagen, 1001 Denmark |
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PRINCIPAL
ACTIVITY
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Danisco USA, Inc. produces and sells ingredients, enzymes, and
bio-based solutions. |
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Products/Services description: |
Alginate, Antimicrobials, Antioxidants, Betaine, Carrageenan, Cellulose
Gum, Cultures for Plant-based Food, Dairy Cultures, Dietary Fibers,
Emulsifiers, Food Enzymes, Guar Gum, HMOs, Locust Bean Gum, Meat Cultures,
Medium-Chain Triglycerides, Microcrystalline Cellulose, Natural Colors,
Pectin, Pet Food, Pharmaceuticals, Probiotics, Rare Sugars, Soy Lecithin, Soy
Protein, Sweeteners Tailored Ingredient Systems and Xanthan. |
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Brands: |
DANISCO |
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Sales are: |
Wholesale |
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Clients: |
Pil Andina S.A. Industrias Lacteas Toni SA Corporacion Codan Cia Ltda Danisco Mexicana S.A. De C.V. Mead Johnson Nutrition Alpina Productos Alimenticios S.A. Danisco Colombia Ltda Dupont Nutrition Food Ingredient (Beijing) Co Ltd Danisco Japan Ltd. |
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Suppliers: |
Dupont Nutrition Biosciences Aps Danisco Sweeteners Oy |
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Operations area: |
National and International |
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The company imports from |
DENMARK FINLAND |
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The company exports to |
CHILE ECUADOR MEXICO SINGAPORE COLOMBIA CHINA JAPAN |
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The subject employs |
500 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
4 New Century Parkway New Century, KS 66031 United States |
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Comments on Address: |
- |
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Branches: |
Danisco USA Inc. 4509 S 50TH ST SAINT JOSEPH, MO, 64507-7744
United States Danisco USA Inc. 3201 PROGRESS RD MADISON, WI, 53716-3346 United
States |
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Related Companies: |
Danisco Mexicana S.A. De C.V. PONIENTE 122 #627, (ESQ.NORTE 45), PONIENTE 122,
NO 627 IND. VALLEJO, AZCAPOTZALCO, MEXICO Danisco Japan Ltd. 13-3 HIGASHI OGIJIMA, KAWASAKI-KU,, 3F BLDG A
2100869, KAWASAKI-SHI,, KANAGAWA-KEN, JAPAN |
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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. The following
information has been provided by private sources: DuPont Nutrition & Health Langebrogade 1 Copenhagen, 1001 Denmark |
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Management: |
Mr. Germain Despres - President Mr. John W. Breeden - Vice President of NAFTA for Enablers Division Fin Madsen - Scientist Jo Mulligan - 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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Revenue |
159.800.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Bulking agents as satiety agents Publication number: 20050037993 Abstract: The present invention relates to the use of polydextrose as
an appetite suppressant. It also relates to the synergistic effect of
polydextrose and xylitol in suppressing appetite. Type: Application Filed: September 24, 2004 Publication date: February 17, 2005 Applicant: Danisco USA, Inc. Inventors: Stuart Craig, Tammy Pepper, Philip Olinger Method for producing exopolysaccharides Patent number: 6855524 Abstract: The invention concerns a method for producing
exopolysaccharides by fermenting micro-organisms characterised in that it consists
in carrying out the fermentation in a nutrient medium comprising at least a
source of carbon available to the micro-organisms and at least a source of
nitrogen, said source being derived from a fraction of carob seed. Type: Grant Filed: September 6, 2000 Date of Patent: February 15, 2005 Assignee: Danisco USA Inc. Inventors: Olivier Nore, Jean-Luc Simon Polymerization of mono and disaccharides with monocarboxylic acids and
lactones Patent number: 6821547 Abstract: The present invention is directed to a process and product
by process for preparing a carbohydrate polymer which comprises polymerizing
a sugar at a temperature below the point of substantial decomposition thereof
and under reduced pressure in the presence of a catalytic effective amount of
an organic acid selected from the group consisting of a monocarboxylic acid,
a lactone of a monocarboxylic acid and arylol, while removing water formed
during said polymerization, said organic acid being non-volatile and having
only one acidic functionality and having no amino groups thereon. Type: Grant Filed: April 4, 2002 Date of Patent: November 23, 2004 Assignee: Danisco USA, Inc. Inventors: Pankaj Shah, Håkan Gros, Bengt Lindholm |
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GOVERNMENT CONTRACTS |
No found. |
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CASES |
Rixen et al v. Danisco USA Inc. et al Plaintiff: Christopher E Rixen, Dwayne Geronzin, Brad Maydew, Donald
Huizenga and Todd Kramer Defendant: Danisco USA Inc.
and DUPONT USA Case Number: 3:2015cv50283 Filed: November 6, 2015 Court: Illinois Northern District Court Office: Rockford Office County: Carroll Referring Judge: Iain D. Johnston Presiding Judge: Frederick J. Kapala Nature of Suit: Fair Labor Standards Act Cause of Action: 29:201 Jury Demanded By: Plaintiff De Simone v. VSL Pharmaceuticals, Inc. et al Plaintiff: Claudio De Simone Defendant: VSL Pharmaceuticals, Inc. and Sigma-Tau Pharmaceuticals,
Inc. Thirdparty_defendant: Mendes SA, Danisco
USA Inc. and ExeGI Pharma LLC Thirdparty_plaintiff: VSL Pharmaceuticals, Inc. Counter_claimant: VSL Pharmaceuticals, Inc. Counter_defendant: Claudio De Simone Case Number: 8:2015cv01356 Filed: May 11, 2015 Court: Maryland District Court Office: Greenbelt Office County: 99999 Presiding Judge: Theodore D. Chuang Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: Plaintiff Vinmar International Ltd. et al Plaintiff: Monsanto International SARL, Monsanto Company, Lloyds &
Partners, Meraux Speciaux, Consortium Cargo, Champion Dai-Chi Tech, Hoyer
Global USA, TTI Network Technologies, Champion Technologies Inc., Trafigura,
MSSA, Institut Fur Plastination, Robert Bosch Gmbh, IAC Strasburg, TI
Automotive, Excell USA Inc., Lear Corporation, Proper Polymers, Carcoustics
USA, Mubea Inc., Behr Industries, IAC Spartenburg, Magna Exteriors and
Interiors, Merisol USA LLC, BMW Group Plant 2.7, Plastic Optimum, BMW,
MICI-EMBACI, Transmode Overseas Partners, Waissels Ltd., International Paper,
Continental Tire North America, Crystal Intl Corporation, Raccolta, Molnar
& Greiner Ges. M.B.H., Ascend Performance Materials, Lubrizol Advanced
Materials, The Lubrizol Corporation, Corning Inc, GE Transportation Parts,
LLC, Cameron International, Arrow Consulting Ltd., Hakan Agro, Royal &
Sun Alliance, Coffein Compagnie, VOTG, Lampe & Schwartze, Timbmet, Aviva,
Unilever/TIGI Int. Ltd, Roop Rubber Mills Ltd, Midrex Technologies, Inc, JSW
Steel Ltd., Promarc International Inc., Maptrasco, Stemaco USA Inc., Mega
Rubber Technologies PPVT. Ltd, Norit America Inc., Reliance Industries Ltd.,
Lancer Incorporated, Tasman Overseas International, Lancer Europe, S.A.,
Raghvani Textiles PVT. Ltd, Glatfelter Falkenhagen GmbH, Hyga SA
Hygieneprodukte, Resolute Forest Products US Inc., J. Pearson International
Inc, Amit Industries, Holship Finland Oy, Dealex Ltd., Oceanic Container Inc,
Meridien Marketing & Logistics Inc, Isovolta S.A., Kapstone Charleston
Kraft LLC, Danisco US Inc, Danisco USA
Inc, E.I. du Pont de nemours and Company and its affiliates including
Solae LLC, Weylchem US Inc, Syngenta Crop Protection, UAB Bellville Rodair
International Baltic, Global Shipping Services LLC, Rudolph Logistik Gruppe
GmbH, Volkswagen Logistics GMBH & Co., Volkswagen Group of America Inc,
HJ Schryver, Volkswagen AG, Weber & Schaer, Molinos De Honduras S.A. De
C.V., Tchibo GMBH, Altamis B.V., Hardwood Timber Sales Ltd., carolina Ocean
Lines Inc, Allied Unlimited, Inc, Allied Exports Inc., Vida Tequila USA, LLC,
Compania Tequilera De Arandas, S.A. DE C.V., F Bender Limited,
Georgia-Pacific Bleached Board, Arkema France, Arkema Inc., Arkema Vlissingen
BV, Stannica, Inc, ICC Chemical Corporation, Anheuser-Busch International
Inc., Borbet Solingen GmbH, Borbet Alabama, Recyclebenelux B.V., WM Recycle
America LLC, Mining and Chemical Co., Ltd, Resin Technology LLC, International
N.A., Schenectady International Group, Thyssenkrupp VDM GMBH, Allied Alloys
LP, Hunter Engineering Company, Ocean Marine Shipping Inc, Willy Poquet,
European Metal Recycling Ltd., Agroexport SA, Phoenix Trading NV, Farmers
Rice Milling, ASF Inc, Ecotray, Adam Pack SAIC, Evergreen Packaging, Habich
GmbH, Pyosa, S.A., Ucomar N.V., Mundicarga Overseas, SA De CV, Mexico, Grupo
Tecnico Especializado En Seguros, Zoppas Industries De Mexico, Crocs Europa
Netherlands, Crocs Mexico S. de R.L. De C.V., Crocs Europa, Chevron Philips
ChemicalsCo, UAB "Jurvista", Mountaire Farms, Nordic Wave NUF,
William Keith Coates, TC Trading, UTC Overseas GMBH, Airport Clearance
Services, Inc, Pirelli Tyre S.P.A., Turk Ekonomi Bakasi, Intertex World
Resources Inc., Goodyear Lastikleri TIC A.S., Goodyear International
Corporation, Albaden Services, Ltd, UTS Ltd., Conerstone Chemical Company,
Mallory Transportation System, Chevron Oronite SAS, Chevron Oronite Company
LLC, Helvetia Insurance S.A., Sellukem AB, Bercen, Inc, Vinmar International
Ltd., IF Finland, Doskocil Manufacturing Inc, Paghanini Engros AS,
ACE-Belgium, Southwestern Petroleum Corp, NO Southwestern Petroleum Euro,
Wuthrich, Jean Heybrook BV, Xchanging Claims, Weyerhaeuser, NR Company,
Lenzing Fibers Ltd, Diamond Pet Foods, Blue Sky Commerce Ltd., Petrochem
Carless Ltd., Northern Virginia Trading Co., Inc, Avento Co., Inc, Sinamco
Trading Co., Schlueter Und Maack GmbH, TSL Le Havre, Thermo Fisher
Scientific, Cellpate PLC, Tradelaner Inc., Moolmane Moving, Gardner Denver
Water Jetting Systems Inc., Aquajet Systems AB, Pittman Tractor Company Inc.,
Western Emarr for Road Work, Phoenix International Freight SVCS, Tasiast
Mauritane Ltd., Hansen Martin, Gorgio Gori USA, Timber Connection, Leeagra
Inc, Tirth Agro Technology PVT Ltd., Eaton Corp., Eaton Automotive Systems,
Daimler AG, Mercedes Benz USA, Zurich, BLG International Logistics Center,
Arnholdt & Sohn GMBH, Neumann Gruppe GmbH, G.A. Paper International,
MCI-EMBACI, Nate Williams, Domingo Jimenez Perez, Fursten Reform, Citrofrut
S.A. De C.V., lagnese Hoing GmbH & Co. K.G., Outspan Guatemala S.A.,
Decotrade GmbH, Suomen Energia Juomat Oy, ARK Trading LLC, Ascend Performance
Materials, LLC, Kordsa Global Industriyel Iplik Ve Kord Bezi Sanayi Ve
Ticaret A.S., BE Aerospace, Inc, British Airways Maintenence, Richard Murray,
Tradelanes, Lubrizoil Corp, Sellari Enterprises and OOO Pan Products Defendant: Mediterranean Shipping Company S.A. Thirdparty_defendant: Deltech Corporation, Stolt Nielsen USA, Inc. and
Stolt Tank Containers B.V. Thirdparty_plaintiff: Mediterranean Shipping Company S.A. Case Number: 1:2013cv05264 Filed: July 29, 2013 Court: New York Southern District Court Office: Foley Square Office County: XX Out of State Presiding Judge: Alison J. Nathan Nature of Suit: Contract: Marine Cause of Action: 46:1101 Violation of Maritime Regulations Jury Demanded By: None |
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TRADEMARKS |
MAXIMAROME AROMATIC RAW MATERIALS USED IN PERFUMERY AND SOAP INDUSTRY AND
ESSENTIAL OILS FOR PERFUMERY Owned by: DANISCO USA INC. Serial Number: 71699954 GUARDIAN chemical and natural food preservatives Owned by: DANISCO USA INC. Serial Number: 75515380 |
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RENEWAL HISTORY |
Type Filing Type Date Filed Effective Date Registration Reports Annual
Registration Report 7/26/2017
7/26/2017 Registration Reports Annual
Registration Report 7/26/2016
7/26/2016 Registration Reports Annual
Registration Report 8/13/2015
8/13/2015 Registration Reports Annual
Registration Report 7/31/2014
7/31/2014 Registration Reports Annual
Registration Report 6/17/2013
6/17/2013 Modify Change of Registered
Agent and/or Registered Office 6/12/2013 6/12/2013 |
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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
Founded in 1975, Danisco Usa Inc. is an organization in the All Other
Miscellaneous Food Manufacturing Industry headquartered in New Century, KS. The company has 500 regular employees and generates an estimated
$159.8 million USD in annual revenue. The company operates nationally and internationally, mainly importing
from Denmark and Finland. It is ACTIVE in business with no negative records. |
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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 |
Mary |
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POSITION |
Operator |
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COMMENTS |
She 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 name of the President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.22 |
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1 |
INR 90.88 |
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Euro |
1 |
INR 80.09 |
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USD |
1 |
INR 67.39 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.