MIRA INFORM REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RUCKUS WIRELESS INC |
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Registered Office : |
2711 Centerville Road Suite 400 Wilmington DE 19808 (register agent |
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Country : |
United States |
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Date of Incorporation : |
19.08.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Computer Peripheral Manufacturing |
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 : |
Exists |
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: |
Ruckus Wireless |
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Address in the order: |
880 West Mande Avenue, Suite 101, Sunnyvale CA 94085 |
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Legal Name: |
Ruckus Wireless Inc |
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Legal Address |
2711 Centerville Road Suite 400 Wilmington DE 19808 (register agent) |
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Operative Address |
880 West Mande Avenue, Suite 101, Sunnyvale CA 94085 |
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Telephone: |
+1 (650) 265-4200 |
ID : |
3560823 |
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Fax: |
+1 (408) 738-2065 |
Legal Form: |
Corporation for Profit |
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Email: |
info@ruckuswireless.com |
Registered in: |
Delaware |
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Website: |
www.ruckuswireless.com |
Date Created: |
2004 |
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Manager: |
Selina Lo, President and CEO |
Date Incorporated: |
August 19th, 2002 |
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Staff: |
160 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Computer peripheral manufacturing |
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BANKS
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Name of the Bank |
Silicon Valley Bank |
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Name of the Bank |
Albina Community Bank |
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Name of the Bank |
Amcore Bank N.A. |
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Name of the Bank |
Bank Of North Carolina |
BUSINESS
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HISTORY |
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This company was created in the year 2004. |
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PRINCIPAL ACTIVITY |
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This company is revolutionizing Wi-Fi for both the enterprise and service
provider markets. Based in Sunnyvale, CA, Ruckus is credited with developing
"Smart Wi-Fi." Smart Wi-Fi breaks the conventional barriers that
have prevented the reliable transmission of voice, video and data over
standard 802.11 technologies. |
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Products/Services description: |
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Smart Wi-Fi Indoor and outdoor Voice video and Data innovations. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company imports from Asia |
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The company does not export |
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The subject employs 160 employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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The company is incorporated in Delaware for tax purposes; However it
is headquartered in California. |
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Branches: |
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There were no branches found for this company. However we found an
international location in Taiwan: 10F, No 411, Rueiguang Rd., Neihu District. 114, Taipei, Taiwan |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held and has Selina Lo and William Kish as
the main shareholders. |
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Management: |
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Selina Lo, President and CEO William Kish, CTO Louis Kwok-leung, Vice-president for Asia Pacific |
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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We have contacted Rose who refused to provide us any financial data on
grounds of confidentiality. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
25,300,000 |
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Legal Fillings |
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There are 27 UCC** files listed with the
Secretary of State of Delaware. There were two different lawsuits found
against the company for the year 2010 and 2011: Harris Corporation v. Ruckus Wireless,
Inc. Filed: April 15, 2011 as 6:2011cv00618
Updated: June 10, 2011 06:05:23 Plaintiff: Harris Corporation Defendant: Ruckus Wireless, Inc. Presiding Judge: Mary S. Scriven Referring Judge: Karla R. Spaulding Cause Of Action: Patent Infringement Court: Eleventh Circuit > Florida >
Middle District Court Type: Intellectual Property > Patent Netgear Inc. v. Ruckus Wireless Inc. Filed: November 19, 2010 as 1:2010cv00999
Updated: November 22, 2010 21:19:21 Plaintiff: Netgear Inc. Defendant: Ruckus Wireless Inc. Presiding Judge: Unassigned Judge Cause Of Action: Patent Infringement Court: Third Circuit > Delaware >
District Court Type: Intellectual Property > Patent 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 low 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 medium sized company with 160
employees and 7 years of experience. There were two recent lawsuits found
against the company claiming Patent Infringement. We've contacted the company, but the
representative refused to provide us any financial information on grounds of
confidentiality. At this point, considering the correct
profitability, but those two lawsuits against them, we suggest working with
GUARANTEES. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
YES |
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Indebtedness |
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Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Rose |
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Position |
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Representative |
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Comments |
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She refused to provide us any financial data on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.91 |
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UK Pound |
1 |
Rs.72.90 |
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Euro |
1 |
Rs.64.48 |
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.