MIRA INFORM REPORT

 

 

 

Report Date :

15.12.2008

 

IDENTIFICATION DETAILS

 

Name :

DATA DOMAIN, INC.

 

 

Registered Office :

3500 South Dupont Highway, Dover, DE 19901

 

 

Country :

United States

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

12.10. 2001

 

 

Com. Reg. No.:

Delaware 3432524

 

 

Legal Form :

Public Company

 

 

Line of Business :

Provides reduplication storage appliances for disk-based backup, archiving, and network-based disaster recovery

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 5,000,000

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

Company Name  

 

 DATA DOMAIN, INC.

Company acronym:     --

 

 

Contact Information

 

Address

2300 Central Expressway
Santa Clara, CA 95050

USA

Telephone

408-980-4800

Fax

408-980-8620

Website

www.datadomain.com

 

 

Registration Data

 

Date of Registration

October 12, 2001

Registration number

Delaware 3432524

Legal address

Incorporating Services Ltd

3500 South Dupont Highway, Dover, DE 19901 - USA

Legal Form

Public Company (Nasdaq= DDUP)

Share Capital

The number of outstanding shares of the registrant’s common stock as of October 31, 2008 was 59,855,018.

 

Shareholders with Shares

 

Shareholder Names

Share%

The Company is quoted with the NASDAQ under symbol DDUP.

82% of the common stock is held by institutional and mutual fund owners

 

 

Board/Executive

 

Name

Frank SLOOTMAN

Position within the company

President & CEO

 

 

Name

Michael SCARPELLI

Position within the company

Sr. Vice President & CFO

 

 

Changes in Registration Data

 

None recorded

 

 

Activities (realistic and officials)

 

Data Domain, Inc. provides reduplication storage appliances for disk-based backup, archiving, and network-based disaster recovery. The company’s appliances reduce the storage of redundant copies of data within enterprises. It also offers Replicator software, which allows enterprises to utilize wide area network vaulting for offsite disaster protection and recovery; and a capacity-optimized Virtual Tape Library software option that emulates multiple tape libraries over a fiber channel interface, as well as integrates with an enterprise’s existing backup infrastructure. Its products integrate into existing customer infrastructures, and are compatible with enterprise backup software products. The company sells its appliances through a network of channel partners and direct sales force worldwide. It serves industries, including defense, education, entertainment, finance, government, healthcare, technology, legal, media, and retail.

 

 

Staff

 

Number of staff employed

705

 

 

Export/Import

(Countries, goods and total values for the period)

 

Imports From

Europe, Far East

 

Exports To

Worldwide

 

 

Facilities

 

Rented

Office

 

Premises Size

20,000 sq. feet

 

 

Subsidiaries and Participation

 

Parent Company

Public Company

Subsidiaries

Data Domain, International

Data Domain International II, Inc.

Data Domain Mexico

Data Domain BV

Data Domain Germany

Data Domain France Sarl.

Data Domain Sweden AB

Data Domain Italy Ltd.

Data Domain Singapore PTE Ltd.

Data Domain Japan KK

Data Domain Israel Ltd.

Data Domain Hong Kong Ltd.

Data Domain UK Ltd.

 

 

 

Branches

 

Address

2421 Mission College Drive

Santa Clara, CA 95054

 

 

Bankers

 

Bank

Wells Fargo Bank

 

 

Suppliers, Partners

 

Suppliers

Not known

Partners

Not known

 

 

Litigation, Remarks on Payment

 

Litigation

None Recorded

Remarks on Payment

No Complaints

 

 

Financial Information

 

(in thousand USD)

PERIOD ENDING

31-Dec-07

Total Revenue

123,622  

Cost of Revenue

35,901  

 

Gross Profit

87,721  

 

 

Research Development

23,463  

 

Selling General and Administrative

71,447  

 

 

 

 

Operating Income or Loss

(7,189)

 

 

 

 

Total Other Income/Expenses Net

4,022  

 

 

Earnings Before Interest And Taxes

(3,167)

 

 

Income Before Tax

(3,167)

 

 

Income Tax Expense

493  

 

 

Minority Interest

-  

 

 

 

 

Net Income From Continuing Ops

(3,660)

 

 

 

 

 

Net Income

(3,660)

 

 

 

(Documents on attachment)

 

Reporter Comments

 

Comments

On a direct call, a financial executive sent us to the website for more information.

Local Reputation

The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair.

The business is growing and is profitable.

According to our credit analysts, during the last 6 months, 88% of trade experience indicates a regular payment.

Payments of imports are currently made with an average of 5 to 10   days beyond terms.

 

 

MAX CREDIT

USD 5,000,000=

 

 

 

CREDIT REQUIRED

 

MAXIMUM CREDIT

 

Maximum

 

 

USD 5,000,000=

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.94

UK Pound

1

Rs.72.07

Euro

1

Rs.64.70

 

 

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.

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions