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MIRA INFORM REPORT
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Report No. : |
511849 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KIRK-RUDY, INC. |
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Registered Office : |
800 Busse Hwy, Park Ridge, IL 60068 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Date of Incorporation : |
31.07.1967 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject manufactures printing systems. |
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No. of Employees : |
100 |
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: |
KIRK-RUDY, INC. |
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Trade Name: |
KIRK-RUDY |
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ID: |
47902509 |
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Date Created: |
1967 |
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Date Incorporated: |
July 31, 1967 |
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Legal Address: |
800 Busse Hwy, Park Ridge, IL 60068 USA |
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Operative Address: |
125 Lorraine Parkway Woodstock, GA 30188
USA |
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Telephone: |
770 4274203 |
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Fax: |
770 4274036 |
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Legal Form: |
Corporation |
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Email: |
info@kirkrudy.com |
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Registered in: |
Illinois (IL), USA |
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Website: |
www.kirkrudy.com |
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Contact: |
Rick Marshall, President |
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Staff: |
100 Employees |
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Activity: |
SIC CODE: 27, Manufacturing Printing,
Publishing, and Allied Industries. |
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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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The company was created and incorporated
in 1967 in Illinois, USA. |
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PRINCIPAL
ACTIVITY
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Kirk-Rudy, Inc. manufactures printing
systems. |
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Products/Services description: |
The Company offers equipment for inkjet printing,
labeling, paper handling, and packaging, as well as provides color inks. TRANSPORT BASES DYING/CURING UNITS TABBING & LABELING SYSTEMS AUTOLOADERS FEEDERS CONVEYORS INSERTING & FOLDING SYSTEMS STACKING SYSTEMS ATTACHING SYSTEMS CAMERA/VERIFICATION SYSTEMS SOFTWARE INKJET PRINTING SYSTEMS MISCELLANEOUS |
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Brands: |
No brands registered |
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Sales are: |
Wholesale |
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Clients: |
Kirk-Rudy serves direct mail, newspaper,
and card industries in the State of Georgia. Targuet Srl Comercializadora de Equipos Sistemas y
Servicios SA de CV R.R. DONNELLEY DE MEXICOS DE RL DE CV |
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Suppliers: |
Guangzhou Garison Trade Co., Ltd. |
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Operations area: |
National and International |
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The company imports from |
China |
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The company exports to |
Bolivia, Mexico |
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The subject employs |
100 Employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
125 Lorraine Parkway Woodstock, GA 30188
USA |
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Branches: |
The company does not have branches |
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Related Companies: |
Company Name: KIRK-RUDY
ENTERPRISES, INC. File Number: H912441 Filing State: Georgia
(GA) Filing Status: Active/Compliance Filing Date: May
6, 1965 Company Age: 53
Years Registered Agent: Rick Marshall 125 Lorraine Parkway Woodstock, GA 30188 Principal Address: 125 Lorraine Parkway Woodstock, GA 30188 |
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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. According to our records, major holders are: Harry Kirk, Founder and Current CEO |
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Management: |
Rick Marshall, President Harry Kirk, CEO Robert H Mills, General Manager Wolfgang Fraint, Vice President |
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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 |
43 930 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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Patents |
Patent number: 9831819 Abstract: A rotating, pivoting mount for
mounting a panel is disclosed. The mount can include a mounting block, a driveshaft,
and a base. A socket in the mounting block can be mounted on a ball of the
base to pivotally couple the panel to a structure. The ball can also include
a cam profile, while the mounting block can include a complementary cam
follower. As the mounting block rotates, therefore, the cam follower can
follow a path set forth by the cam profile to tilt the mounting block about
one axis as the mounting block rotates about a second axis. In this manner,
the panel can be rotated and tilted—or moved about two axes—using a single
motor. The use of a single motor can, in turn, reduce the cost and complexity
of the system, while maintaining high efficiency for the panel (e.g., a solar
panel) mounted thereon. Type: Grant Filed: March 24, 2016 Date of Patent: November 28, 2017 Assignee: KIRK-RUDY, INC. Inventors: Harry V. Kirk, Bryan Carbon,
Wolfgang G. Fraint, Michael Aiken Systems and methods for sealing the trailing edge of a printed article Patent number: 8474503 Abstract: A kicker wheel for folding and
sealing the trailing edge of a folded article with sealing tabs. The kicker
wheel can include a thin product support rail to support the article during
activation of an air nozzle. The kicker wheel can also include a profiled tab
swipe to fold and seal one or more tabs on the trailing edge of the article.
The kicker wheel can be substantially cylindrical or can have an arcuate
portion and a counterweight portion. One or more kicker wheels can be used in
conjunction with an improved tabbing machine. The tabbing machine can include
one or more air jets that along with the kicker wheel enable tabs to be
applied to multiple sides of the article without turning or flipping the
article. Type: Grant Filed: September 9, 2010 Date of Patent: July 2, 2013 Assignee: Kirk-Rudy, Inc. Inventors: Harry V. Kirk, David Henson,
Bryan Carbon, Tony Key, Michael Aiken, Robert H. Mills, Thomas J. Greulich Publication number: 20130087430 Abstract: A system for handling various
items with increased functionality and decreased mechanical complexity is
disclosed. The system uses a plurality of rollers mounted between pairs of
drive chains or belts to impart a driving force to the items to be moved. The
drive chains or belts can be reversible to change the direction of travel.
The angle of attack, ?, of the rollers can be adjusted between a negative
angle and a positive angle by changing the phase between the drive chains or
belts to change a component of the driving force. The rollers can be braked
to increase a component of the driving force. The spin of the rollers can be
changed with a roller belt to change another component of the driving force. Type: Application Filed: October 5, 2011 Publication date: April 11, 2013 Applicant: Kirk-Rudy, Inc. Inventors: Harry V. KIRK, Bryan Carbon,
Tommy W. Bhonn SYSTEMS AND METHODS FOR FEEDING SINGLE SHEETS Publication number: 20120223472 Abstract: A sheet feeder for feeding a
single sheet of sheet material is disclosed. The sheet feeder can utilize a
specially designed cutout and a suction cup to feed difficult, thin, or
flimsy material one sheet at the time. The cutout can be located on a shuttle
table, endless belt, or carousel, for example, and can be used in conjunction
with one or more suctions cups. The cutout can be angled with respect to the
sheet so that the leading edge of the sheet is substantially supported. A
slot in the cutout can enable the suction cup to pull down the corner of the
sheet. The slot can then continue to slice, or peel, the sheet of the bottom
of a stack of sheets. The ability to pull only the corner of the sheet down
initially prevents stiction from a variety of sources and enables a single
sheet to be pulled from the stack. Type: Application Filed: February 22, 2012 Publication date: September 6, 2012 Applicant: Kirk-Rudy, Inc. Inventors: Harry V. Kirk, Bryan Carbon,
Jeffery T. Waldron, Tommy W. Bhonn SYSTEMS AND METHODS FOR SEALING THE TRAILING EDGE OF A PRINTED ARTICLE Publication number: 20120060998 Abstract: A kicker wheel for folding and
sealing the trailing edge of a folded article with sealing tabs. The kicker
wheel can include a thin product support rail to support the article during
activation of an air nozzle. The kicker wheel can also include a profiled tab
swipe to fold and seal one or more tabs on the trailing edge of the article.
The kicker wheel can be substantially cylindrical or can have an arcuate
portion and a counterweight portion. One or more kicker wheels can be used in
conjunction with an improved tabbing machine. The tabbing machine can include
one or more air jets that along with the kicker wheel enable tabs to be
applied to multiple sides of the article without turning or flipping the
article. Type: Application Filed: September 9, 2010 Publication date: March 15, 2012 Applicant: KIRK-RUDY, Inc. Inventors: Harry V. Kirk, David Henson,
Bryan Carbon, Tony Key, Michael Aiken, Robert H. Mills, Thomas J. Greulich Apparatus and procedure for applying adhesive labels Patent number: 4589943 Abstract: A machine for applying tax
stamps or like adhesive labels to articles such as cigarette packages
arranged in two or more rows in a carton, including mechanism for advancing
the carton lengthwise with exposed ends of the packages facing upwardly, and
a head disposed above the path of carton advance for transporting a
corresponding number of rows of spaced-apart labels into contact with the
advancing package ends while the labels and packages are moving in the same
direction and at the same velocity. Type: Grant Filed: March 8, 1984 Date of Patent: May 20, 1986 Assignees: American Bank Note Company,
Kirk-Rudy, Inc. Inventors: John J. Kimball, Harry V.
Kirk, Richard L. Roule, Richard C. Sennett, Peter J. Sorbo |
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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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KIRIK-RUDY INC. was created and incorporated
in 1967 in Illinois, United States. The company manufactures printing
systems. The company employs a staff of 100 and
has an annual revenue of USD MIL 43.93 The company mainly imports from China
and exports to Mexico and Bolivia. It is ACTIVE in ILLINOIS, 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 |
NA |
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COMMENTS |
We tried calling several times but never
reached their voicemail. This may be due to the fact that today is a Federal
Holiday in the United States. We could not leave a message in
their voicemail. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.63 |
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1 |
INR 89.70 |
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Euro |
1 |
INR 78.20 |
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US Dollar |
1 |
INR 67.46 |
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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NIS |
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Report Prepared
by : |
TRU |
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
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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.