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MIRA INFORM REPORT
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Report No. : |
511342 |
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Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KEECO, LLC |
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Registered Office : |
30736 WIEGMAN RD, Agent City, State, ZipHAYWARD CA 94544 |
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Country : |
United States |
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Date of Incorporation : |
1979 |
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Legal Form : |
Domestic Limited Liability Company |
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Line of Business : |
Subject designs, markets, and distributes hand-crafted textile
products. |
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No. of Employees : |
190 |
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 : |
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: |
KEECO, LLC |
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Trade Name: |
KEECO |
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ID: |
200227310072 |
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Date Created: |
1979 |
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Date
Incorporated: |
09/27/2002 |
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Legal Address: |
30736 WIEGMAN RD, Agent City, State, ZipHAYWARD CA 94544 USA |
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Operative
Address: |
30736 Wiegman Road, Suite 100, Hayward, CA 94544, United States |
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Telephone: |
510-324-8800 |
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Fax: |
510-324-8808 |
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Legal Form: |
Domestic Limited Liability Company |
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Email: |
NA |
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Registered in: |
CALIFORNIA, USA |
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Website: |
www.lkeeco.com |
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Contact: |
John Stengel, President |
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Staff: |
190 Employees |
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Activity: |
SIC CODE 5023, Home Furnishing NAICS CODE 423220, Home
Furnishing Merchant Wholesalers |
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BANKS
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The company does not make its banking data public |
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HISTORY
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Keeco, LLC was formerly known as L. Kee and Co. The company was
founded in 1979 and is headquartered in Hayward, California with additional offices
in South San Francisco, California. |
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PRINCIPAL
ACTIVITY
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Keeco, LLC designs, markets, and distributes hand-crafted textile
products. |
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Products/Services
description: |
Its products include quilts, comforters, complete bedding sets, duvet
covers, sheets, bed skirts, pillowcases, shams, decorative pillows, table
linens, and window treatments. The company’s products are used in kitchens,
as well as in living, dining, and bed rooms. It sells its products through
retailers. Bedding Top of bed Basic Bedding Soft Window Treatments Shower Curtains Decorative Pillows |
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Brands: |
GREYSON Living TENANT Cupcakes and Cashmere BASIC ELEMENTS Soft Living Co. ADORN HOME COLEMAN cloud company SoSoft COLLECTION |
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Sales are: |
Wholesale |
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Clients: |
The Bon Ton Stores Inc. |
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Suppliers: |
High Hope International Group Jiangsu Nangton New Foreign Trade Co., Ltd. WEIFANG JIYUAN TEXTILE CO.,LTD. ZHENJIANG DELI TEXTILE PRODUCTS CO. GUL AHMED TEXTILE MILLS LTD. ZHEJIANG HENGDI BEDDING CO.,LTD. |
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Operations area:
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National and International |
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The company
imports from |
China, Pakistan |
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The subject
employs |
190 Employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
30736 Wiegman Rd, , Hayward, California 94544 USA |
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Comments: |
NA |
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Branches: |
New York Showroom
& Office USA
295 Fifth Avenue, #406, New York, New York 10016 Los Angeles Distribution
Center USA
1420 N. Tamarind Ave Rialto, CA 92376 |
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Flooring Distributors Hayward Brother Kitchen & Bath Products Inc. Venquest Trading, Inc. Home Floor & Carpet, Inc. Springs Global Us, Inc. Hollander Sleep Products, LLC Mistdoda, Inc. |
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Related
Companies: |
The company does not have related companies |
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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: |
This is a private company. We could not confirm major holders. |
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Management: |
John Stengel, President Brett Rife, Vice President, Sales Manager Joe Lillie, Warehouse Manager Bryan Qiu, Project Manager Elvira Eslava-Benson, Custom Compliance Manager Biao Tong, Merchandising Manager Athena Li, Business Planning Manager Roger Wang, Merchandising 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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Estimated Net
Assets |
9 320 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Trademarks: |
TOUCH SELECT
Bedsheets; Pillowcases Owned by: Keeco, LLC Serial Number: 77935011 BARN & BARREL INSPIRED LIVING
Bed skirts; Bedsheets; Comforters; Duvet covers; Pillow shams;
Pillowcases; Quilts; Shams Owned by: Keeco, LLC Serial Number: 77941844 ITEEN INITIALS TEEN
Hampers Owned by: Keeco, LLC Serial Number: 77942465 SIMPLE INDULGENCES PRECIOUS PIECES
FOR YOUR HOME
Bed pillows Owned by: Keeco, LLC Serial Number: 77951034 TRUE TOUCH
Bed sheets; Comforters; Duvet covers; Quilts; Shams Owned by: Keeco, LLC Serial Number: 85062545 SILKY TOUCH SHEETS
Bed sheets Owned by: Keeco, LLC Serial Number: 85062587 STYLE DOMAIN
Quilts; Shams Owned by: Keeco, LLC Serial Number: 85404100 INITIALS BY KEECO
Decals Owned by: Keeco, LLC Serial Number: 85574962 WEARHOUSE
Bed sheets; Bed skirts; Comforters; Quilts; Shams Owned by: Keeco, LLC Serial Number: 85678479 ADORN HOME
Bed skirts; Bedsheets; Comforters; Quilts; Shams Owned by: Keeco, LLC Serial Number: 85678988 CLOUD COMPANY
Bed skirts; Bedsheets; Comforters; Quilts; Shams Owned by: Keeco, LLC Serial Number: 85679005 CABANA KIDS
Bed skirts; Comforters; Quilts; Shams; Sheet sets Owned by: Keeco, LLC Serial Number: 85685703 REVERSIBLE PATIO MAT
Floor mats Owned by: Keeco, LLC Serial Number: 85836251 CLOTHING FOR THE BED
Comforters; Duvets; Quilts; Shams Owned by: Keeco, LLC Serial Number: 85842955 SUN SPOTS BEACHMATS
Floor mats Owned by: Keeco, LLC Serial Number: 85860992 STYLE SPACE
Bed sheets; Bed skirts; Comforters; Pillow cases; Pillow shams; Quilts Owned by: Keeco, LLC Serial Number: 85924701 DOWN FUSION
Down bed pillows, and down pillows Owned by: Keeco, LLC Serial Number: 86126053 HYDRA-BOND
Mattress covers Owned by: Keeco, LLC Serial Number: 86162868 TEMPRA-SHIELD
Curtains Owned by: Keeco, LLC Serial Number: 86162911 TEMPRA BOND
Curtains Owned by: Keeco, LLC Serial Number: 86162970 TEMPRA WEAVE
Curtains Owned by: Keeco, LLC Serial Number: 86162994 TEMPRA LINED
Curtains Owned by: Keeco, LLC Serial Number: 86163019 GREYSON COLLECTION
Bed skirts; Comforters; Pillow shams; Quilts Owned by: Keeco, LLC Serial Number: 86233284 SO-SOFT COLLECTION
Pillows Owned by: Keeco, LLC Serial Number: 86279144 SIMPLE SOLUTIONS
Pillows Owned by: Keeco, LLC Serial Number: 86280338 GREYSON COLLECTION
Pillows Owned by: Keeco, LLC Serial Number: 86280350 EE ESSENTIAL ELEMENTS
Bed pillows; Feather beds; Mattress toppers Owned by: Keeco, LLC Serial Number: 86309570 SLEEP ELEMENTS
Mattress toppers; Pillows Owned by: Keeco, LLC Serial Number: 86309599 LOOK
Bed blankets; Blanket throws; Comforters; Duvet covers; Duvets; Quilt
covers; Quilts; Shams Owned by: Keeco, LLC Serial Number: 86316499 REVERSIBLE PATIO MATS
Floor mats Owned by: Keeco, LLC Serial Number: 86460773 ULTRA FEATHER
Bed pillows, Feather beds, all of the foregoing containing feathers Owned by: Keeco, LLC Serial Number: 86464462 ICED COTTON
Accent pillows; Bed pillows; Feather beds; Fiber beds; Mattress
toppers, all of the foregoing made in whole or substantial… Owned by: Keeco, LLC Serial Number: 86465005 ZIP 'N WASH
Mattress pads Owned by: Keeco, LLC Serial Number: 86465012 STYLE SPACE
Bed sheets; Bed skirts; Comforters; Pillow cases; Pillow shams; Quilts Owned by: Keeco, LLC Serial Number: 86468234 INVISIBLE COTTON Bed pillows made in whole or
substantial part of cotton
Owned by: Keeco, LLC Serial Number: 86542168 THERMACOTTON
Bed pillows; Pillows, all of the foregoing made in whole or
substantial part of cotton Owned by: Keeco, LLC Serial Number: 86542173 THERMALOFT
Bed pillows; Pillows Owned by: Keeco, LLC Serial Number: 86542175 DOWN FUSION THE NATURAL ALTERNATIVE
Down bed pillows; down pillows; all of the foregoing made in whole or
substantial part of natural materials Owned by: Keeco, LLC Serial Number: 86575156 TENANT
Accent pillows; Bed pillows; Pillows Owned by: Keeco, LLC Serial Number: 86592309 BUTTER COTTON
Accent pillows; bed pillows; pillows; all of the foregoing made in
whole or substantial part of cotton Owned by: Keeco, LLC Serial Number: 86592336 |
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Lawsuits: |
No records found |
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UCC: |
No records found |
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Sanctions List
Search: |
The company is not listed in the OFAC list. |
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SUMMARY
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Keeco LLC is a privately held company in Hayward, CA and is a
Headquarters business. Categorized under Wholesale Linens. Our records show it was
established in 1976 and incorporated in CA. Current estimates show this company has estimated annual net assets of
USD 9,3M and employs a staff of approximately 190. The company mainly imports from Pakistan and China, but does not have
any export records. It is ACTIVE in CALIFORNIA, USA; 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 |
NA |
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POSITION |
OPERATOR |
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COMMENTS |
She confirmed name, address and website. She confirmed that they do Home Furnishing and that they sell
Wholesale. She confirmed that they do not sell furniture. When asked about further information such as email address, management
and number of employees, she was unwilling to give out more information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.82 |
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1 |
INR 90.17 |
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Euro |
1 |
INR 78.70 |
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USD |
1 |
INR 67.58 |
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 : |
SYL |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.