MIRA
INFORM REPORT
|
Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
HARRIS CORPORATION |
|
|
|
|
Registered Office : |
1025 West NASA Boulevard, Melbourne, Florida 32919 |
|
|
|
|
Country : |
United States
|
|
|
|
|
Date of Incorporation : |
1895 |
|
|
|
|
Legal Form : |
Corporation – Public |
|
|
|
|
Line of Business : |
International communications and information technology company. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : HARRIS CORPORATION
Address :
1025 West NASA Boulevard
City :
MELBOURNE
State/Province :
FLORIDA
Zip Code :
32919
Country :
UNITED STATES
Telephone : 321
727-9100
Facsimile :
321 674-2882
Founded (D/M/Y) : / /1895
As of :
30/06/2006
Sales / Revenue : 3,474,800
Net Income :
237,900
Total Equity :
1,662,100
Number of Employees :
13,900
Legal Form :
Corporation - Public
Website :
www.harris.com
Business Activity : The
Subject is an international communications and information technology company.
NOTE TO CLIENT
Please note, the provided address; 3200 Wismann Lane, Quincy, IL 62305,
corresponds to a business segment within the Broadcast Communication Division
of Harris Corporation.
LEGAL
Legal Form :
Corporation - Public
Since (D/M/Y) :
20/12/1926
State/Province of Incorporation :
DE
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of Delaware.
File Number: 0209229
Incorporation Date / Formation Date: 12/06/1926
Entity Name: HARRIS CORPORATION
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE STREET
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)658-7581
======================================================================
The Company is qualified in the state of Florida.
HARRIS CORPORATION, A DELAWARE CORPORATION
Cross Reference Name
HARRIS CORPORATION
PRINCIPAL ADDRESS
1025 W. NASA BOULEVARD
MELBOURNE FL 32919
MAILING ADDRESS
1025 W. NASA BOULEVARD
MS:A-12A
MELBOURNE FL 32919
Changed 03/15/2005
Document Number: 826966
FEI Number: 340276860
Date Filed: 11/02/1971
State: DE
Status: ACTIVE
Effective Date: NONE
Last Event: RESTATED ARTICLES
Event Date Filed: 11/10/1986
Event Effective Date: NONE
Registered Agent
Name & Address
CT CORPORATION SYSTEM
1200 S. PINE ISLAND ROAD
PLANTATION FL 33324
Name Changed: 06/09/1992
Address Changed: 06/09/1992
=====================================================================
The Company is qualified in the state of Illinois.
Entity Name: HARRIS CORPORATION
File Number: 04842073
Status: GOODSTANDING
Entity Type: CORPORATION
Type of Corp: FOREIGN BCA
Qualification Date (Foreign): 12/17/1934
State: DELAWARE
Agent Name: C T CORPORATION SYSTEM
Agent Change Date: 00/00/0000
Agent Street Address: 208 SO LASALLE ST, SUITE 814
Agent City: CHICAGO
Agent Zip: 60604
President Name
& Address:
HOWARD L LANCE 1025 W NASA BLVD MELBOURNE FL 32919
Secretary Name
& Address:
SCOTT T MIKUEN 1025 W NASA BLVD MELBOURNE FL 32919
Duration Date: PERPETUAL
Annual Report Filing Date: 03/06/2007
For Year: 2007
Assumed Name: ACTIVE - HARRIS SYSTEMS INCORPORATED
**********************************************************************
The Subject is traded publicly on the New York Stock Exchange under the
symbol HRS.
Last Trade: 47.25
52 Week High: 52.93
52 Week Low: 37.69
Volume: 137,900
*********************************************************************
Managers/Key
Personnel
Mr. Howard Lance
Chairman, President
& CEO
Mr. Robert K Henry
Executive Vice President
Mr. R. Kent Buchanan
Vice President
Mr. Eugene S. Cavallucci
Vice President
AFFILIATED ENTITIES
Following is a small list of the Company's subsidiaries:
State or Other Jurisdiction
Name of Subsidiary of
Incorporation
Harris Asia Pacific Sdn. Bhd Malaysia
Harris Australia Pty. Ltd. Australia
Harris Canada, Inc. Canada
Harris Cayman, Ltd.
Cayman Islands
Harris Communication Argentina SA Argentina
Harris Communication (Netherlands) BV Netherlands
Harris Communication France SAS France
Harris Communication Systems Nigeria Limited Nigeria
Harris Communications GmbH Germany
Harris Communications Austria GmbH Austria
Harris Communications Honduras, S.A. de C.V. Honduras
Harris Communications International, Inc. Delaware
Harris Communications Ltd.
Hong Kong
Harris Communications (Shenzhen) Ltd. China
Harris Controls Australia Limited Australia
Harris Denmark ApS Denmark
Harris Denmark Holding ApS Denmark
Harris do Brasil Limitada Brazil
Harris Foreign Sales Corporation, Inc. Virgin
Islands
BANKS
FL
Telephone:
Facsimile:
Account Number:
Account Manager:
The Company banks with a syndicate of banks throughout the United States.
Some banks include JP Morgan Chase, SunTrust Bank, Bank of America, National
City Bank, etc.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-02 00-00 NET 30 0
0 0 0
0 0 0 CUST 3 YR
AIR TRANS
06-12 06-12 0000000 4300
2100 100 0 0
0 0 CUST 15 YR
AIR TRANS
06-11 00-00 NET 30 12600 8300
71 3 5 1 20
CUST 23 YR
ALUMINUM
07-02 00-00 1/10N30 0
0 0 0
0 0 0
BANK
07-01 00-00 NET 30 0 0 0 0 0
0 0
BUS SERVCS 06-12 06-12 NET 30 0
0 0 0
0 0 0
CHEMICALS
07-02 00-00 NET 30 100 100
0 100 0 0
0
COMMUNICTN 07-02 07-01 NET 20 100
100 100 0 0
0 0 CUST 7 YR
COMPUTERS
06-12 00-00 0000000 5600
0 0 0
0 0 0
DISTRIBUTR 07-02 00-00 1/10N30 2800 0
0 0 0 0 0
DISTRIBUTR 07-02 00-00 NET30 0
0 0 0
0 0 0
DP EQUIP
07-02 06-06 NET 30 26300 8500
64 17 0 0 19
ELEC DISTR 07-02 00-00 VARIED 12700
200 100 0 0
0 0 CUST 7 YR
ELEC DISTR 07-01 00-00 NET 30 600
0 0 0
0 0 0 PROMPT
ELEC EQUIP 06-11 00-00 NET 30 0
0 0 0
0 0 0
ELEC EQUIP 07-02 00-00 NET 30 1400
0 0 0
0 0 0 CUST 10 YR
ELEC EQUIP 07-02 00-00 NET 30 1000
300 53 47 0 0
0
ELEC EQUIP 07-02 06-04 VARIED 6600
0 0 0
0 0 0 CUST 16 YR
ELEC EQUIP 07-01 07-02 CONTRCT 14500 11700
65 0 0 19 16
CUST 6 YR
ELEC EQUIP 07-02 06-04 N10PROX 1500 0
0 0 0 0 0
CUST 14 YR
ELECTRONIC 07-02 07-02 NET30 0
0 0 0
0 0 0 CUST 16 YR
FACTOR
06-11 04-11 NET 30 0 0 0 0 0
0 0
FACTOR
07-02 07-02 NET 30 2000 2000
100 0 0 0
0
FACTOR
07-01 00-00 VARIED 0 0 0 0 0
0 0
FACTOR
07-01 05-04 0000000 400
0 0 0
0 0 0
FACTOR
07-01 00-00 NET 30 43000 32300
100 0 0 0
0
FACTOR
07-02 06-11 NET 30 300 0 0 0
0 0 0
FINCL SVCS 07-03 07-02 VARIED 31800
5700 96 2
0 0 2
FINCL SVCS 07-03 07-02 VARIED 52000
36400 100 0 0
0 0
FINCL SVCS 07-02 06-12 VARIED 5500
4000 1 0
11 0 88 WRITE-OFF
FINCL SVCS 07-02 00-00 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
FRGHT FWRD 07-02 06-04 NET 30 100
0 0 0
0 0 0
FRGHT FWRD 06-11 06-10 VARIED 100
100 100 0 0
0 0
GENERAL
07-03 07-02 OTHER 400000 0
0 0 0 0 0
CUST 2 YR
HEATNG& A/C 07-02 00-00 NET 30 164100
99400 3 92
0 5 0
HEARING
07-02 06-10 0000000 2900
0 0 0
0 0 0 CUST 8 YR
INDUS SUPL 07-02 00-00 1/10N30 0 0 0 0 0
0 0
INDUS SUPL 07-03 00-00 N30 39700
3100 100 0 0
0 0 CUST 8 YR
LAUNDRY
06-11 00-00 NET 30 4400 900
100 0 0 0
0
MACH DISTR 07-02 00-00 VARIED 0
0 0 0
0 0 0
MACHINERY
07-02 07-02 NET 30 0 0 0 0
0 0 0
MANUFCTRNG 06-11 06-10 VARIED 2500
400 100 0 0
0 0 CUST 2 YR
MISC MANUF 07-01 06-12 VARIED 64300
200 0 100 0
0 0
MISC MANUF 06-12 00-00 VARIED 500
500 100 0 0
0 0
MUSIC INST 06-11 06-08 NET 30 0
0 0 0
0 0 0
MUSIC INST 07-01 00-00 VARIED 2900
0 0 0
0 0 0
MUSIC INST 07-02 07-01 1/10N30 2700 400
72 28 0 0 0
CUST 7 YR
OFFC SUPPL 07-01 03-05 CREDIT 0
0 0 0
0 0 0 ACCTCLOSED
OFFC SUPPL 07-01 04-08 CREDIT 20000
0 0 0
0 0 0 ACCTCLOSED
PACKAGING
07-01 06-12 NET 30 2200 100
100 0 0 0
0 CUST 18 YR
PAPER PROD 07-02 00-00 NET 30 0
0 0 0
0 0 0
PAPER DIST 06-12 00-00 NET 5200
100 0 100 0
0 0
PERSNLSVCS 07-03 00-00 NET 30 0
0 0 0
0 0 0
PLUMBING
06-11 06-11 NET 10 800 400
100 0 0 0
0
PRNTG& PUBL 07-02 00-00 NET 30 400
400 100 0 0 0
0 CUST 15 YR
R& D 07-03 00-00 NET 30
4900 0 0
0 0 0 0
SAFTY PROD 07-02 06-06 NET 30 300
0 0 0
0 0 0 CUST 9 YR
SERVICES
07-02 07-02 NET 30 1491500 1491500
100 0 0 0
0
STON& GLASS 07-01 01-01 VARIED 200
0 0 0
0 0 0
TELECOM
07-02 00-00 NET 30 125800 62300
57 43 0 0 0
DISPUTE
TELECOM
07-02 00-08 NET 30 0 0 0 0 0
0 0
TELECOM
07-02 07-01 NET EOM 10600 10100 25
48 27 0 0 60 DYS SLO
TELECOM
07-02 00-00 NET 30 1400 100
16 84 0 0 0
DISPUTE
TRUCK DLR
07-02 00-00 CONTRCT 16400
3900 72 19
5 0 4 COLLECTION
WAREHOUSE
07-02 04-05 VARIED 0 0 0 0 0 0 0 ACCTCLOSED
WAREHOUSE
07-03 07-02 VARIED 600 300
100 0 0 0
0 PROMPT
WHLSE TRAD 06-12 00-00 NET 30 700
600 100 0 0
0 0
AUTO EQUIP 06-10 00-00 NET 30 33300
0 0 0
0 0 0
BLDG MATRL 04-05 04-05 VARIED 100
100 98 0 0 0
2
BLDG MATRL 06-09 00-00 NET 30 0
0 0 0
0 0 0
BUS SERVCS 06-10 00-00 NET 7 800
600 100 0 0
0 0
CHEMICALS
06-04 06-03 NET 30 1300 1300
100 0 0 0
0
COMMUN EQP 04-06 00-00 NET 30 0
0 0 0
0 0 0
COMMUN SVC 06-06 06-06 NET 30 1800
100 51 49
0 0 0
COMPUTERS
05-05 04-09 VARIED 0 0 0 0 0
0 0 CUST 37 YR
COMPUTERS
05-08 05-06 SPECIAL 6200
0 0 0
0 0 0 CUST 21 YR
COMPUTERS
04-07 00-00 NET 30 0 0 0 0 0
0 0
COMPUTERS
05-09 00-00 NET 30 0 0 0 0 0
0 0
COMPUTERS
06-06 06-05 0000000 103300
41400 0 38
61 0 1
CRED CARD
07-03 07-01 REVOLVE 6300
1900 100 0 0
0 0 CUST 42 YR
DISTRIBUTR 04-05 00-00 VARIED 0
0 0 0
0 0 0
DP SUPPLY
05-07 05-06 NET 30 203500 4800
100 0 0 0
0 CUST 7 YR
ELEC DISTR 05-03 00-00 NET 30 0
0 0 0
0 0 0
ELEC DISTR 06-10 00-00 NET 30 0
0 0 0
0 0 0
ELEC DISTR 05-12 00-00 NET30 0
0 0 0
0 0 0
ELEC DISTR 05-11 05-10 NET 30 12400
0 0 0
0 0 0
ELEC DISTR 05-12 00-00 SPECIAL 700 200
0 100 0 0
0
ELEC EQUIP 06-02 00-00 NET 30 2100
0 0 0
0 0 0
ELEC EQUIP 06-08 05-09 NET 30 19900
10600 5 95
0 0 0
ELEC MFG
04-03 03-12 NET 30 10200 2500
100 0 0 0 0
ELEC MFG
06-04 06-02 NET 30 77800 37100
0 33 67 0 0
ELEC MFG
04-09 04-09 CONTRCT 13400
7500 92 0
0 5 3 CUST 5 YR
ELEC PARTS 06-06 00-09 NET 30 0
0 0 0
0 0 0 CUST 14 YR
ELEC SUPLR 04-06 97-01 2/10N30 0 0 0 0 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 1200
0 0 0
0 0 0
ELEC SUPLR 05-09 01-05 NET 30 400
0 0 0
0 0 0 CUST 10 YR
ELEC SUPLR 04-05 00-00 NET30 500
500 100 0 0
0 0
FAB METALS 05-02 04-12 N30 17700
3500 0 0
100 0 0
FACTOR
06-01 05-07 NET 30 0 0 0 0 0
0 0
FACTOR
06-04 06-01 VARIED 600 0
0 0 0 0 0
FASTNR MFG 04-06 97-05 NET30 0 0 0 0
0 0 0 CUST 13 YR
FINCL SVCS 06-01 05-12 CONTRCT 22300 0
0 0 0 0 0
ACCTCLOSED
FINCL SVCS 06-03 00-00 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
FINCL SVCS 06-09 03-09 NET 30 0
0 0
0 0 0 0
FREIGHT
06-09 06-09 VARIED 15900 12000
81 12 0 7 0
FRGHT FWRD 05-09 00-00 NET 30 3700
300 0 0
100 0 0
GENERAL
04-07 00-00 CONTRCT 0
0 0 0
0 0 0
GENERAL
05-02 04-07 NET 30 0 0 0 0 0
0 0 CUST 21 YR
HEATNG& A/C 04-07 04-06 NET 1500
1500 100 0 0
0 0 CUST 1 YR
HOUSEWARES 04-04 00-00 VARIED 0
0 0 0
0 0 0
INDUS MACH 06-07 00-00 NET 0
0 0 0 0 0
0
INDUS MACH 06-04 04-10 NET 30 8000
0 0 0
0 0 0
INDUS MACH 06-07 00-00 NET 30 0
0 0 0
0 0 0
INDUS SUPL 06-06 00-00 NET 30 0
0 0 0
0 0 0 CUST 5 YR
INDUS SUPL 06-06 04-03 NET 30 100
0 0 0
0 0 0 CUST 6 YR
INDUS SUPL 06-06 06-03 NET 30 3700
0 0 0
0 0 0 CUST 16 YR
INDUS SUPL 06-06 05-12 NET 30 500
0 0 0
0 0 0 CUST 33 YR
IRON& STEEL 05-10 00-00 NET 30 0
0 0 0
0 0 0
JEWELRY
04-07 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
LEASING
04-10 04-06 N30 300 300
0 0 0 0 100 CUST
4 YR
LEASING
04-10 00-00 VARIED 4800 4800
0 30 55 2 13
LEASING
07-02 00-00 CONTRCT 74400
44500 100 0 0
0 0 CUST 3 YR
MANUFCTRNG 04-05 04-02 NET 30 2500
0 0 0
0 0 0 CUST 1 YR
MANUFCTRNG 05-08 05-06 VARIED 1000
100 0 100 0
0 0
MANUFCTRNG 04-07 01-08 NET 30 0
0 0 0
0 0 0 CUST 7 YR
MED SUPPLY 06-04 00-00 VARIED 100
100 17 19
19 17 28
METAL
05-04 02-06 NET 30 200 0
0 0 0 0 0
METAL DIST 04-04 04-04 NET EOM 1200 1200 100 0 0
0 0
METAL DIST 06-02 06-02 VARIED 186500
186500 100 0 0
0 0 CUST 32 YR
METAL DIST 04-12 04-09 5/10N30 900 0
0 0 0 0 0
METL FNSHG 04-03 00-00 NET 30 4300
4300 96 4
0 0 0
MISC MANUF 06-08 00-00 VARIED 22700
7300 100 0 0
0 0
MISC MANUF 05-01 00-00 NET 30 0
0 0 0
0 0 0
MUSIC INST 06-03 03-05 VARIED 0
0 0 0
0 0 0 CUST 4 YR
MUSIC INST 06-06 00-00 NET 30 0
0 0
0 0 0 0
MUSIC INST 06-10 06-03 VARIED 6900
100 0 0
0 0 100 CUST 16 YR
OFFC SUPPL 05-11 98-12 CREDIT 0
0 0 0
0 0 0 CUST 11 YR
OFFC EQUIP 06-06 06-06 NET 30 85000
100 22 64
0 0 14 CUST 8 YR
PACKAGING
06-01 03-09 NET 30 0 0 0 0 0
0 0
PAINTS
04-12 00-00 VARIED 9400 8200
72 27 1 0 0
PHOTO EQP
04-03 00-00 VARIED 0 0 0 0 0
0 0
PREC INSTR 04-07 97-09 NET-30 0
0 0 0 0
0 0
RESTR SUPL 04-08 00-00 NET 30 6100
6100 0 100 0
0 0 CUST 4 YR
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 21 YR
SERVICES
05-11 92-08 VARIED 5000 200
100 0 0 0
0
SPORT GDS
04-10 04-07 VARIED 6100 1500
10 33 36 21 0
TEMP HELP
06-02 00-00 NET 30 2900 700
100 0 0 0
0
TELECOM
06-08 06-04 NET 30 200 0
0 0 0 0 0
CUST 15 YR
TELECOM
06-08 06-07 NET 30 500 100
100 0 0 0
0 EXLENT ACC
TELECOM
06-10 00-00 ROI 8300 8300
100 0 0 0
0 CUST 6 YR
TRANSPORTN 06-07 00-00 NET 15 0
0 0 0
0 0 0 ACCTCLOSED
TRUCK EQP
05-05 00-00 VARIED 0 0 0 0 0
0 0
UTILITY
06-06 00-00 NET 15 19100 7800
100 0 0 0
0
UTILITY
06-04 00-00 CONTRCT 0
0 0 0
0 0 0
WIRE& CABLE 05-10 00-00 NET 30 5100
0 0 0
0 0 0
WHLSE TRAD 06-01 04-09 UNK 29800
0 0 0 0
0 0
ADMIN
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 2590300
1786500 92 7
0 0 1
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200
0 9 2 1704200 92 7
0 0 1
20070100
0 8 2 1625300 93 5
1 1 0
20061200
0 9 2 1803400 88 10
2 0 0
20061100
0 7 3 1821700 89 9
1 1 0
20061000
0 7 4 1685300 86 9
5 0 0
20060900
0 7 6 1852800 81
9 8 2 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 2 1659100 92 6 1
1 0
Third
2006 4 1780200 86 8 5
1 0
Second
2006 2 1666500 92 7 1
0 0
First
2006 1 1277800 94 6 0 0
0
Fourth
2005 3 1283100 89 9 1
1 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 29/12/2006
30/06/2006 01/07/2005
Quarterly Consolidated
Consolidated
Sales / Revenues 1,963,000
3,474,800 3,000,600
Interest Income - 11,800
10,800
Gross Margin 638,400
1,102,100 823,800
Operating Income (Loss) 287,600 405,500
311,600
Interest on Loans 19,600
36,500 24,000
Other Expenses 5,600
11,700 -6,600
RESULTS
Income before Taxes 254,200
380,800 298,400
Income Tax 76,300 142,900
96,200
Net Income 177,900 237,900 202,200
ASSETS
Cash and Equivalents 367,900 181,300 377,600
Inventory 501,100 468,900
230,300
Accounts Receivables 645,200 665,600 709,700
Total Current Assets 1,514,200 1,428,400 1,317,600
Property Plant & Equip 404,000
365,300 307,800
Other Fixed Assets 179,200
199,800 149,400
Total Fixed Assets 1,719,600
1,713,900 1,139,800
Intangibles 1,129,300 1,144,500
669,000
Total Assets 3,233,800 3,142,300
2,457,400
LIABILITIES
Trade Creditors 564,400
750,500 421,900
Other Current Liab 151,300 -
164,100
Total Current Liab 864,900
752,100 590,200
Long Term Debt 550,000 699,500
401,400
Other Long Term Liab 21,200 28,600 26,700
Total Long Term Liab 571,200 728,100 428,100
Total Liabilities 1,436,100
1,480,200 1,018,300
EQUITY
Retained Earnings 1,380,000
1,252,800 1,093,700
Total Equity 1,797,700 1,662,100
1,439,100
FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
29/12/2006 30/06/2006 29/12/2006 30/06/2006
Cash and Equivalents 367,900 181,300
11.38 5.77
Inventory 501,100
468,900 15.50 14.92
Total Current Assets 1,514,200 1,428,400
46.82 45.46
Intangibles 1,129,300
1,144,500 34.92 36.42
Total Assets 3,233,800 3,142,300 100.00 100.00
Total Current Liab 864,900
752,100 26.75 23.93
Long Term Debt 550,000
699,500 17.01 22.26
Other Long Term Liab 21,200 28,600
0.66 0.91
Total Liabilities 1,436,100
1,480,200 44.41 47.11
Total Equity 1,797,700
1,662,100 55.59 52.89
The Company is traded publicly on the New York Stock Exchange. The above
consolidated financial details appear in millions of USD.
CURRENT OPERATIONS
NAICS Code: 5133 Telecommunications
NAICS Code: 3342 Communications Equipment Manufacturing
Number of Employees:
13,900
Business Activity:
The Subject is an international communications and information
technology company. The Subject serves
the government, broadcast, RF, and microwave communications markets with
communication equipment, services, digital microwave radios, wireless local
loop telephone systems, broadband wireless access and products, secure
communication systems, and other related telecommunication products.
The Subject operates four major divisions: Government Communications
Systems Division, RF Communications Division, Broadcast Communications
Division, and the Microwave Communications Division.
Each division manages multiple business segments within the division,
with many locations throughout the United States. Each business segment has its
own website, in addition to the primary Company site. The heading address is
the headquarters location. The facility is owned and is approximately 325,279
square feet.
The Company operates four major divisions: Government Communications
Systems Division, RF Communications Division, Broadcast Communications
Division, and Microwave Communications Division.
================================================================================
Each division engages in various business segments, with locations
around the United States.
The Company has several locations around.
PUBLIC RECORD
We found the following legal filings against the Company:
Attorney: GREGORY J SMITH
COMPETITION LAW GROUP
Case Name: LINNANE DON G v. HARRIS CORP
Case Number: 03C 0003546
Defendant: HARRIS CORP
Filing Date: 5/23/2003
Plaintiff: LINNANE DON G
Type: CIVIL SUIT - CONTRACT - 190 OTHER CONTRACT
================================================================================
From time to time, as a normal incident of the nature and kind of
businesses in which the Company is engaged, various claims or charges are
asserted and litigation commenced against them arising from or related to:
product liability; personal injury; patents, trademarks, trade secrets or other
intellectual property; labor and employee disputes; commercial or contractual
disputes; the sale or use of products containing asbestos or other restricted
materials; breach of warranty; or environmental matters. Claimed amounts may be
substantial but may not bear any reasonable relationship to the merits of the
claim or the extent of any real risk of court or arbitral awards.
A search of bankruptcy courts revealed no record of the Subject filing
for bankruptcy.
GENERAL COMMENTS
The Company is a well established publicly traded international
communications and information technology company. The payment record is
generally satisfactory and the operating history is clear. No bankruptcy
petitions were reported. The Company is responsible for normal business
transactions.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)