MIRA INFORM REPORT

 

 

Report Date :

30.07.2011

 

IDENTIFICATION DETAILS

 

Name :

COMTECH EFDATA CORP

 

 

Registered Office :

2711 Centerville Road Suite 400, Wilmington County: New Castle  DE , 19808

 

 

Country :

United States

 

 

Date of Incorporation :

30.05.2000

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Radio and T.V. Communications Equipment

 

 

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 :

Usually Correct

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Comtec EF Data Corporation

Address in the order:

2114 W 7th Street Tempe AZ 85281

Comments on data supplied:

The address given by the client is for the headquarter.

Legal Name:

COMTECH EFDATA CORP

 

 

Legal Address

2711 CENTERVILLE ROAD SUITE 400

WILMINGTON County: NEW CASTLE

DE , 19808

Operative Address

2114 West 7th Street

Tempe, AZ 85281,USA

Telephone:

480.333.2200     

FileNumber :

3236438

Fax:

480.333.2540

Legal Form:

Corporation for Profit

Email:

sales@comtechefdata.com

Registered in:

Delaware

Website:

www.comtechefdata.com

Date Created:

1967

Manager:

Robert Mccollum President

Date Incorporated:

May,30,2000

Staff:

1,000-2,000

Stock:

NA

 

 

Value:

NA

Activity:

 Radio and T.V. Communications Equipment

 

 

BANKS

 

Name of the Bank

WELLS FARGO BANK

 

BUSINESS

 

HISTORY

 

Key developments for Comtech EF Data Corporation

 

 

Comtech EF Data Corporation Receives Large Contract from Bharti Airtel for Satellite Cellular Backhaul Equipment

 

06/27/2011

 

Comtech Telecommunications Corp. announced that its Comtech EF Data Corporation received a SATCOM equipment contract from Bharti Airtel Limited, a leading global telecommunications company with operations in 19 countries across Asia and Africa. Under the contract, Comtech will supply the equipment to support Bharti Airtel's network upgrade and service expansion across its operations in 16 African countries. Bharti Airtel ordered Comtech's CDM-625 Advanced Satellite Modems and the Memotec CX-U Series. The award-winning CDM-625 Advanced Satellite Modem combines advanced technologies for maximum bandwidth efficiency under all conditions, including DoubleTalk(R) Carrier-in-Carrier(R) bandwidth compression, patented VersaFEC(R) low latency LDPC forward error correction with Adaptive Coding and Modulation, patent-pending ultra low overhead streamline encapsulation, header compression and payload compression. The CX-U Series brings together a flexible access device and mobile backhaul traffic optimization, offering a variety of backhaul interfaces and transmission options. The CX-U offers Abis/Ater optimization, 2G/3G aggregation, DCME voice trunking optimization, TDM Pseudowire, all over IP, Frame Relay or MLPPP protocol support.

 

 

Comtech EF Data Corporation and Memotec, Inc. Receive $1.0 Million of SATCOM Equipment Orders for Mobile Backhaul Network Expansion

 

05/12/2011

 

Comtech EF Data Corporation received $1.0 million in satellite communications equipment orders. A leading Asian cellular mobile operator will facilitate a service expansion by adding the equipment to an existing mobile backhaul network already powered by Comtech. A variety of Comtech EF Data infrastructure equipment was ordered, including the CDM-625 Advanced Satellite Modem, companion redundancy switches and the CSAT-5060 C-Band Transceivers. The award-winning CDM-625 Advanced Satellite Modem combines advanced technologies for maximum bandwidth efficiency under all conditions, including DoubleTalk(R) Carrier-in-Carrier(R) bandwidth compression, patented VersaFEC(R) low latency LDPC forward error correction with Adaptive Coding and Modulation, patent-pending ultra low overhead streamline encapsulation, header compression and payload compression. The CSAT-5060 C-Band Transceivers provide flexibility, ease of installation and RF performance typically available only with independent, solid-state power amplifier and frequency converter topologies. Also ordered was the CX-U Series from Comtech EF Data's subsidiary, Memotec, Inc. The CX-U Series brings together a flexible cell site gateway device and mobile backhaul traffic optimization, offering a variety of interfaces and transmission options. The CX-U Series reduces the bandwidth required to backhaul mobile traffic and eliminates the need for costly major network upgrades. The result is a significant reduction in operating and capital expenses.

 

 

Formerly known as Radyne, the company was acquired by rival Comtech Telecommunications for about $224 million in 2008. Is Based in Arizona.

PRINCIPAL ACTIVITY

 

The company's digital audio and video broadcast equipment is used by radio stations, retailers, and financial groups to distribute advertising, music, video, and images. Comtech EF Data also makes equipment used by cable TV companies to broadcast digital video and high-definition TV across their terrestrial systems. Customers have included the US Department of Defense.

Products/Services description:

 

Advanced VSAT solutions

Modems

 

Sales are:

 

Wholesale

Operations area:

 

National, International

 

Trade References:

 

Despite our efforts we were unable to confirm any trade reference.

 

PAYMENTS

 

regular

Comments on location:

 

The company is headquartered in temple Arizona , but has locations in:

Maryland

California

China

Kamata

Singapore

United Kingdom


Shareholders - Manager - Related

 Companies

 

Shareholders Parent Company(ies):

 

The company is a subsidiary of :

 

Comtech Telecommunications Corporation.

Management:

 

Robert Mccollum President

President       Vice President

Ted Binkowski   Senior Vice President

Daniel Enns     Senior Vice President


Financials - COMMERCIAL TRENDS AND

FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

                                     

Currency

DATE

USD

2010

Turnover

500,000,000-999,999,999

 

                                  

Legal Fillings

 There are 3 recent UCC** files listed with the Secretary of State of Delaware.

 

Filing Number:  201016199515

Filing Date:  06-30-2010

Secured Party:  CANON FINANCIAL SERVICES

Debtor:  COMTECH EFDATA CORP

 

 

Filing Number:  200915869680

Filing Date:  07-23-2009

Secured Party:  AVNET ELECTRONICS MARKETING, A GROUP OF AVNET, INC

Debtor:  COMTECH EFDATA CORP.

 

 

Filing Number:  2009 0914348

Filing Date:  03-23-2009

Secured Party:  AIR LIQUIDE INDUSTRIAL U.S. LP

Debtor:  COMTECH EFDATA CORP

 

 

There are no legal filings listed with the District Court.

 

The last annual report was filed on 2010.

 

 

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 United States citizens and permanent residents are prohibited from doing business.

 

 

** 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 United States of America. 

 

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

 

Local credit bureau gave a good credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

Comtech EF Data Corporation recently received a large contract from Bharti Airtel for Satellite Cellular Backhaul Equipment.

 

This is a well established company.

 

No specific adverse record has been gathered on the business.

 

The UCC found reinforce our trust in the structure.

 

The company can bear a credit line.

 

A business connection can be conducted.

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 




 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.15

UK Pound

1

Rs.72.10

Euro

1

Rs.63.10

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.