MIRA INFORM REPORT
|
Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SILICON GRAPHICS INTERNATIONAL CORP |
|
|
|
|
Formerly Known As : |
Rackable
Systems, Inc. |
|
|
|
|
Registered Office : |
2711 Centerville Road Suite
400 - Wilmington - New Castle - DE 19808 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
25.06.2010 |
|
|
|
|
Date of Incorporation : |
12.12.2002 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Provides Servers, Storage and Data Center Solutions Targeting Large-Scale Data Center Deployments |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Silicon Graphics International Corp |
||
|
Address in the order: |
46600 Landing parkway Fremont California 94358 |
||
|
|
|
||
|
Legal Name: |
Silicon Graphics International Corp |
||
|
|
|
||
|
Legal Address |
2711 Centerville Road
Suite 400 - Wilmington - New Castle - DE 19808 - USA (Registered Agent
Address) |
||
|
Operative Address |
46600 Landing Parkway Fremont, CA 94538 United States (Headquarters) |
||
|
Telephone: |
+1 (510) 933-8300 |
ID : |
3601107 |
|
Fax: |
+1 (408) 321-0293 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
Delaware |
|
|
Website: |
Date Created: |
1999 |
|
|
Manager: |
Mr. Mark J. Barrenechea, CEO |
Date Incorporated: |
December, 12th. 2002 |
|
Staff: |
1,325 |
Stock: |
30,696,726 |
|
|
|
Value: |
$0.001 par value |
|
Activity: |
Silicon Graphics
International Corp. provides servers, storage and data center solutions
targeting large-scale data center deployments. |
||
BANKS
|
Name of the Bank |
Silicon Valley Bank |
BUSINESS
|
HISTORY |
|
|
|
The company was founded
in 1999. It was formerly known as Rackable Systems, Inc. and changed its name
to Silicon Graphics International Corp. in 2009. |
|
PRINCIPAL ACTIVITY |
|
|
|
Silicon Graphics
International Corp. provides servers, storage and data center solutions
targeting large-scale data center deployments. |
|
Products/Services description: |
|
|
|
The company also provides
customer support and professional services related to its products. Segments The
company’s business is organized as two segments, Products and Services. It
groups the product lines as the product operating segment and service
offerings as the service operating segment. The company’s products include
scale-out and scale-up servers and data storage solutions, as well as various
software products or software applications for server and storage management.
Its servers and data storage solutions are based on the Intel Xeon
processors, industry standard graphics processors, and the Linux or Microsoft
Windows operating systems. (Among others) |
|
Sales are: |
|
|
|
Wholesale |
|
Brands: |
|
|
|
Linux, Microsoft Windows,
Altix Supercomputer, Altix ICE Clusters, CloudRack, Rackable Rackmount, SGI
InfiniteStorage and COPAN brand names. |
|
Clients: |
|
|
|
Professionals of the industry |
|
Suppliers: |
|
|
|
The person contacted
refused to provide the name of the suppliers for us to check trade
references. |
|
Operations area: |
|
|
|
National, International |
|
The company export to UK, Germany, Australia, France, China, India,
Canada, etc. |
|
|
Competitors: |
|
|
|
Dell Inc. Hewlett-Packard Company. International Business
Machines Corp. (Among others) |
|
The subject employs 1,325
employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is
headquartered at the address listed above. |
|
Surface area: |
|
|
|
|
|
Comments on location: |
|
|
|
The company is
incorporated in Delaware due to tax purposes. |
|
Branches: |
|
|
|
The company has branch
locations in Colorado, Minnesota and Wisconsin. It has also international
presence. |
Shareholders - Manager - Related Companies
|
Listed at the stock
exchange: |
|
|
|
YES |
|
Capital: |
|
|
|
% of Shares Held by All
Insider and 5% Owners: 1% % of Shares Held by
Institutional & Mutual Fund Owners: 59% % of Float Held by
Institutional & Mutual Fund Owners: 60% Number of Institutions
Holding Shares: 90 |
|
Shareholders Parent Company(ies): |
|
|
|
Major Direct Holders Barrenechea Mark J Coglitore Giovanni Leibenstern Maurice Verdoorn Ron Griffiths Gary A Top Institutional Holders Sun Life Financial Inc. Prescott Group Capital Management,
L.L.C. Dimensional Fund Advisors LP Vanguard Group, Inc.
(The) Wasatch Advisors Inc Blackrock Institutional
Trust Company, N.A. Manatuck Hill Partners,
LLC BlackRock Fund
Advisors Renaissance Technologies,
LLC Fmr LLC Top Mutual Fund Holders Fidelity Growth Company
Fund Fidelity Otc
Portfolio Wasatch-1st Source
Long/Short Fund DFA U.S. Small Cap Value
Series Fidelity Select
Portfolios - Computers Vanguard Small-Cap Index
Fund Ishares Russell 2000
Index FD Vanguard Small Cap Value
Index Fund Vanguard Total Stock
Market Index Fund Vanguard Extended Market
Index Fund |
|
Management: |
|
|
|
Mr. Mark J. Barrenechea,
CEO - President - Director Mr. Jim Wheat, CFO Mr. Maurice Leibenstern,
General Counsel Mr. Timothy L. Pebworth,
CAO Mr. Anthony Carrozza,
Senior Vice President of Worldwide Sales |
|
Related Companies: |
|
|
|
Silicon Graphics (Canada)
Inc. Silicon Graphics Federal,
Inc. (Delaware) Silicon Graphics
International, LTD (Cayman Islands) Rackable Asia Pacific
Ltd. (Hong Kong) Cray Foreign Sales
Corporation Ltd. (Jamaica) Korea Silicon Graphics
Ltd (South Korea) Silicon Graphics SA/NV
(Belgium) Silicon Graphics World
Trade BV (Netherlands) Rackable Systems UK
Limited (UK) Silicon Graphics Comercio E Servicos Limitada (Brazil) (Among others) |
Financials - COMMERCIAL TRENDS AND
FORECAST
|
The subject is a public company traded at the NASDAQ stock exchange,
ticker symbol: "SGI". Please find enclosed the financial statements. |
|
Legal Fillings |
|
There are various claims,
lawsuits, and pending actions against the Company and its subsidiaries
incident to the operations of its business. It is the opinion of management,
after consultation with counsel, that the ultimate resolution of such claims,
lawsuits and pending actions will not have a material adverse effect on the
Company’s consolidated financial position, results of operations or
liquidity. |
Rating
|
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. |
|
|
Final Opinion |
|
|
|
This is a big sized American company which employs 1,325 people and has
12 years of experience in the market. There were no significant legal filings found against the company or
its legal representatives. The income per employee remains pretty fair for the company's size. Since the company had a negative income in the year 2,010, we strongly
suggest working with GUARANTEES.- |
SUMMARY
|
|
|
||
|
Profitability |
NEGATIVE |
Public |
YES |
|
Indebtedness |
HIGH |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.82 |
|
UK Pound |
1 |
Rs.72.84 |
|
Euro |
1 |
Rs.64.58 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.