MIRA INFORM REPORT
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Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL INSTRUMENTS CORPORATION |
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Registered Office : |
Corporation Trust Center
1209 Orange Street, Wilmington, New Castle, De |
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Country : |
United States |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.05.1994 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Automated test equipment manufacturing |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
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: |
National Instruments |
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Address in the order: |
Sales Office 1150 N Mopac
Expwy Tx 78759-3504 |
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Legal Name: |
NATIONAL INSTRUMENTS CORPORATION |
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Legal Address |
CORPORATION TRUST CENTER
1209 ORANGE STREET, WILMINGTON, NEW CASTLE, DE, USA (incorporators) |
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Operative Address |
11500 N MOPAC EXPY, Austin,
Texas 78759, USA (headquarters) |
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Telephone: |
+1 (512) 683-0100 |
ID : |
2398688 |
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Fax: |
+1 (512) 683-5794 |
Legal Form: |
Corporation for Profit |
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Email: |
info@ni.com |
Registered in: |
Delaware |
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Website: |
http://www.ni.com/ |
Date Created: |
1976 |
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Manager: |
JAMES J TRUCHARD, PRESIDENT |
Date Incorporated: |
May 3rd, 1994 |
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Staff: |
5,280 |
Stock: |
180,000,000 |
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Value: |
0.01 |
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Activity: |
Automated test equipment manufacturing |
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BANKS
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Name of the Bank |
BANK OF AMERICA |
BUSINESS
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HISTORY |
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The company was created in 1976 |
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PRINCIPAL ACTIVITY |
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Automated test equipment |
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Products/Services description: |
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It is a producer of automated test equipment and virtual instrumentation
software. |
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Operations area: |
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National, International |
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The subject employs 5,280 employee(s) |
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LOCATION |
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Headquarters |
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The company was incorporated in Delaware for tax purposes. The legal address is that of the incorporators: CORPORATION TRUST
CENTER 1209 ORANGE STREET, WILMINGTON, NEW CASTLE, DE, USA However, it is headquartered at: 11500 N MOPAC EXPY, Austin, Texas
78759, USA |
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Comments on location: |
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Headquarters |
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Branches: |
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The company has direct operations in 41 countries |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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YES |
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Capital: |
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% of Shares Held by All Insider and 5% Owners: 25% % of Shares Held by Institutional & Mutual Fund Owners: 65% % of Float Held by Institutional & Mutual Fund Owners: 86% Number of Institutions Holding Shares: 204 |
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Shareholders Parent Company(ies): |
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Major Direct Holders
(shares) TRUCHARD JAMES J: N/A KODOSKY JEFFREY L:
861,405 PORTERFIELD ROBERT:
70,874 ZOGAS PETER: 95,940 RAZDAN ASH: 57,050 Top Institutional Holders (%) Capital World Investors: 6.13 ROYCE & ASSOCIATES, LLC: 5.10 NEUBERGER BERMAN GROUP, LLC: 4.29 VANGUARD GROUP, INC. (THE): 3.57 RIVERBRIDGE PARTNERS LLC: 2.53 Top Mutual Fund Holders (%) ROYCE PREMIER FUND: 3.44 SMALLCAP WORLD FUND: 3.10 GROWTH FUND OF AMERICA INC: 3.03 BUFFALO SMALL CAP FUND: 1.60 BARON SMALL CAP FUND: 1.26 PENNSYLVANIA MUTUAL FUND INC: 1.17 |
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Management: |
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James J. Truchard, PhD,
Chairman Jeffrey L. Kodosky,
Directors John M. Berra, Chairman
of Emerson Process Management |
Financials - COMMERCIAL TRENDS AND
FORECAST
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The subject is a public company traded at the NYSE:NATI. Please find
enclosed the financial statements. |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Delaware. 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 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
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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 large sized
American company, which employs 5,280 people and has 34 years of experience
in the market. The company reports a
high profile in the industry. It has international
operations. The financial data is
correct. A credit line may be
considered for USD 3,000,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.77 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.55 |
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.