MIRA INFORM
REPORT
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Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
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Name : |
VERIMATRIX INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.11.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Subject provides software-based content security technologies in
pay-television networks for telecommunication providers |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Verimatrix Inc |
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Address in the order: |
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Legal Name: |
Verimatrix Inc |
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Legal Address |
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Telephone: |
(858) 677-7800 |
ID : |
C2267751 |
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Fax: |
(858) 677-7804 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1999 |
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Manager: |
Mr. Thomas A. Munro, CEO |
Date Incorporated: |
November, 2nd. 2000 |
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Staff: |
60 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The company provides software-based content security technologies in pay-television
networks for telecommunication providers. |
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BANKS
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Name of the Bank |
BRIDGE BANK, NA |
BUSINESS
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HISTORY |
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The company was created in 1999 and funded by Goldman Sachs, Mission Ventures,
Crescendo Ventures, Cipio Partners, JK&B Capital and SunAmerica Ventures. |
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PRINCIPAL ACTIVITY |
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Verimatrix, Inc. provides software-based content security technologies
in pay-television networks for telecommunication providers. |
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Products/Services description: |
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The company offers video content authority system (VCAS) for Internet
protocol television (IPTV), a software-based content security solution that
eliminates the vulnerabilities smart card based architectures; VCAS for digital
video broadcasting (DVB), which employs DVB simulcrypt in conjunction with
cryptographic and e-commerce technologies; VCAS for mobile TV. It also offers MultiCAS/IP, which uses DVB simulcrypt to enable
VCAS-compatible encryption of multicast streams in an IPTV system;
MultiCAS/DVB, which enables the creation of a content security system that is
used to support VCAS-secured IPTV network; Real Time Encryption Server that
performs stream formatting and video encryption solutions for multi-channel
broadcast support within IPTV deployments. (Among other products and services). |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Operations area: |
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National, International |
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The subject employs 60 employee(s) |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
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Comments on location: |
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The company has other locations in Boston, Atlanta, Massachusetts and Georgia
(USA), Medellin (Colombia), Ciudad Autonoma de Buenos Aires (Argentina),
Amsterdam (the Netherlands), Paris (France), Moscow (Russia), Frankfurt
(Germany), Singapore, China and India. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. It was funded by Goldman Sachs, Mission
Ventures, Crescendo Ventures, Cipio Partners, JK&B Capital and SunAmerica
Ventures. |
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Management: |
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- Tom Munro, Chief Executive Officer - Mr. R. Ross Cooper, President - Mr. Tim Driscoll, Chief Finance Officer - Ms. Bronwyn Savary, Vice President and General Counsel - Mr. Petr Peterka, Chief Technology Officer |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not
publish any financial statements. |
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Comments on the financial data: We were not able
to reach any member of the company in order to get financial data. |
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Legal Fillings |
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There
are 9 UCC** files listed with the Secretary of State of California. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This is a small sized American company
which employs 60 persons and has 11 years of experience in the market. We don't have any payments experience, nor
do we have any financial data. Therefore, we suggest working with
guarantees. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Position |
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Ms. Dashie's voicemail |
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Comments |
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We called the company several times, but we were not able to reach any
member of it. We were transferred to Ms. Dashie's voicemail, so we left her a
message in order to corroborate the data we have, and to get further
information, but we still haven't received any answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.32 |
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1 |
Rs.70.54 |
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Euro |
1 |
Rs.58.70 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.