MIRA INFORM REPORT
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Report Date : |
15.03.2011 |
IDENTIFICATION DETAILS
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Name : |
GENERAL DYNAMICS INFORMATION TECHNOLOGY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.03.1982 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Provider of information technology, systems engineering, and
professional services |
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 : |
1,500,000 USD |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: |
General Dynamics Information Technology Inc |
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Address in the order: |
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Legal Name: |
General Dynamics Information Technology Inc |
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Legal Address |
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Telephone: |
+ 1 (703) 246-0200 |
Document Number : |
0227699 |
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Fax: |
+ 1 (800) 242-0230 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1976 |
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Manager: |
Mr. Frederick J. Iseman, Chairman |
Date Incorporated: |
March 15, 1982 |
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Staff: |
17,000 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Provider of information technology,
systems engineering, and professional services. |
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BANKS
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Name of the Bank |
Wells Fargo Bank |
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Name of the Bank |
Bank Of |
BUSINESS
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HISTORY |
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The company was founded in 1976 and is headquartered in Key developments for General Dynamics Information Technology, Inc. Computer Sciences Corporation Teams with General Dynamics, Harris, and
Cisco to Pursue 01/20/2011 Computer Sciences Corporation announced that it is teaming with
General Dynamics Information Technology, Inc., Harris Corp. and Cisco
Systems, Inc. to pursue an anticipated five-year contract to provide
information technology (IT) enterprise services for the U.S. Navy. The
contract covers one of multiple service areas under the Next Generation
Enterprise Network (NGEN) initiative, which aims to achieve the Navy's vision
of a fully integrated naval networking environment. The CSC-led team will
compete to provide end user computing services, application integration and
hosting, portal and data storage, and other IT infrastructure and cyber
security services. The team has a proven record of successfully delivering
secure, complex IT programs to military and government agencies on a global
scale. NGEN is the follow-on to the Navy Marine Corps Intranet initiative. General Dynamics Information Technology, Inc. Wins $122 Million IT
Support Task Order by the 01/5/2011 General Dynamics Information Technology, Inc. has been competitively
awarded a $122 million task order under the Alliant contract to support the
U.S. Army Europe (USAREUR). The task order will cover five years if all
options are exercised. General Dynamics will provide information technology
(IT) support to USAREUR headquarters and its associated staff elements and
organizations as part of the USAREUR Theater Warfighter Command, Control,
Communications, Computers and Intelligence (C4I) program. The majority of
work will be performed at the USAREUR headquarters in General Dynamics Information Technology, Inc. Wins $31.29 million
Federal Contract 12/31/2010 General Dynamics Information Technology, Inc. won a $31,285,070.18
federal contract from the U.S. Army Contracting Command, |
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PRINCIPAL ACTIVITY |
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General Dynamics Information Technology, Inc. provides information
technology, systems engineering, and professional services to customers in the
defense, intelligence, homeland security, federal civilian government,
healthcare, public, and commercial sectors in the United States and
internationally. It offers information technology and communications services, such as
application design and integration, cyber security, database/COTS
integration, information technology services and operations, enterprise-wide
systems integration, geographic information systems, information assurance,
medical information technology, identification, systems architecture, Web
design and development, and projects and programs, as well as help desk, data
centers, and LAN/WAN support services. The company also provides network
system integration, professional and technical, and simulation and training
services. In addition, it engages in the design and implementation of wireless
networks for commercial and government customers. The company has a strategic
partnership with VidSys Inc. General Dynamics Information Technology, Inc.
was formerly known as Anteon International Corporation and changed its name
to General Dynamics Information Technology, Inc. in June 2006. It has additional offices in Aberdeen Proving Ground, California;
Baltimore and Patuxent River, Maryland; Annandale, Arlington, Chantilly,
Chesapeake, and Fairfax, Virginia; Fort Bragg, North Carolina; Montgomery,
Alabama; Needham, Massachusetts; San Diego, California; Fort Huachuca,
Arizona; Tampa, Florida; and internationally. As of June 8, 2006, General
Dynamics Information Technology, Inc. operates as a subsidiary of General
Dynamics Corp. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International, Local |
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Trade References: |
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Computer Sciences Corporation; US Army |
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The subject employs 17,000 employee(s) |
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PAYMENTS |
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Regular |
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LOCATION |
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Headquarters |
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The company's headquarters are located at: |
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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The company is working as a subsidiary of General Dynamics
Corp. 91,700 Employees |
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Management: |
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Mr. Frederick J. Iseman Chairman Mr. Charles S. Ream Chief Financial Officer M. Lefkowitz Director Mr. Robert A. Ferris Director |
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Related Companies: |
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General Dynamics Advanced Information Systems, Inc. |
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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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 |
4,262,000,000 |
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The cash flow is |
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There are numerous UCC** files listed with
the Secretary of State, among them: Company Name: GENERAL DYNAMICS INFORMATION
TECHNOLOGY, INC. Corporate ID Number: 918659 EVENTS DATE TYPE DESC 03-08-2010 REGISTERED AGENT CHANGED THE
CORPORATION COMPANY 12-30-2002 REGISTERED AGENT CHANGED CSC
LAWYERS INCORPORATING SRV INC 150 CORPORATE HISTORY Company Name: GENERAL DYNAMICS INFORMATION
TECHNOLOGY, INC. Record Date: 02-07-2011 Record Type: CURRENT Status: ACTIVE Business Registration Type: FOREIGN FOR
PROFIT CORPORATION QUALIFICATION DATE: 20010103 Address: Registered Agent: C T CORPORATION SYSTEM Registered Agent Address: Company Name: ANTEON CORPORATION Record Date: 02-07-2011 Record Type: CURRENT Business Registration Type: FOREIGN FOR
PROFIT CORPORATION Address: Registered Agent: C T CORPORATION SYSTEM Registered Agent Address: Company Name: TECHMATICS, INC. Record Date: 02-07-2011 Record Type: CURRENT Business Registration Type: FOREIGN FOR
PROFIT CORPORATION Address: Registered Agent: C T CORPORATION SYSTEM Registered Agent Address: Company Name: GENERAL DYNAMICS INFORMATION
TECHNOLOGY, INC. Record Date: 03-10-2010 Record Type: HISTORICAL Status: ACTIVE Business Registration Type: FOREIGN FOR
PROFIT CORPORATION QUALIFICATION DATE: 20010103 Address: Registered Agent: THE CORPORATION COMPANY Registered Agent Address: 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 good 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 company with satisfying
income. The company's financial structure inspires
confidence. Its length of payment is regular with
enough cash to fulfill current obligations. The company has recently won several
important contracts. The entity's parent and sister companies
are also doing well. We estimate that the entity can bear a
credit line with confidence. A business connection can be conducted. We noticed that the business has been
looking for a credit line from several financial institutions. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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ADVISED CREDIT |
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1,500,000 USD |
APPENDIX
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Comments |
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The receptionist transferred our call to an answering machine. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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 |
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.