MIRA INFORM REPORT
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Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
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Name : |
GENERAL INSTRUMENT CORP |
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Registered Office : |
The Corporation Trust Company, |
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Country : |
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Date of Incorporation : |
03.10.1997 |
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Com. Reg. No.: |
2702865 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Provider of broadband access solutions. |
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 250.000 |
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Status : |
Satisfactory |
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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 Instrument Corp |
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Address in the order: |
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Legal Name: |
General Instrument Corp |
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Legal Address |
The Corporation Trust Company |
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Operative Address |
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Telephone: |
+1 (215) 323-1000 |
Registration Number : |
2702865 |
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Fax: |
+1 (215) 443-9454 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1986 |
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Manager: |
Daniel Maloney, President |
Date Incorporated: |
October 03, 1997 |
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Staff: |
51.000 |
Stock: |
NA |
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SIC Code : |
3663 |
Value: |
NA |
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Activity: |
Provider of broadband access solutions. |
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BANKS
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Name of the Bank |
THE ROYAL BANK OF SCOTLAND PLC. |
BUSINESS
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HISTORY |
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General Instrument Corporation was founded in 1997 and is based in The company was formerly known as NextLevel Systems, Inc. and changed
its name to General Instrument Corporation in February, 1998. In 2001, General Instrument Corporation was later acquired by
Motorola. Motorola Inc was split into two independent public companies, Motorola
Mobility and Motorola Solutions on January 4, 2011. |
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PRINCIPAL ACTIVITY |
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General Instrument Corporation provides integrated and interactive
broadband access solutions. |
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Products/Services description: |
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It supplies digital and analog set-top terminals and systems for wired
and wireless cable television networks, as well as hybrid fiber/coaxial
network transmission systems used by cable television operators. The company also offers digital satellite television systems for
programmers, direct-to-home satellite networks, and private networks for
business communications. In addition, it provides next-generation broadband access solutions
for local telephone companies. |
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Sales are: |
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Retail |
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Clients: |
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General Clientele |
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Operations area: |
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National |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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The subject employs 51,000 employee(s) |
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Comments on staff: |
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The subject has 51,000 employees at group level. |
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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 subject is headquartered at |
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The property is: |
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Leased |
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Comments on location: |
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The company is incorporated in However, it is headquartered 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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In 2001, the company split into General Semiconductor which was later
acquired by Vishay Intertechnology , CommScope and NextLevel Systems. The new
(post-split) General Instrument Corporation was later acquired by Motorola
and became Motorola Connected Home Solutions, and was renamed Home and
Networks Mobility in 2007. Nowadays, the company operates as a subsidiary of Motorola Solutions
Inc. Motorola Solutions Inc is publicly traded at the NYSE under the ticker
(MSI). |
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Management: |
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Mr. Gregory Q. Brown, Chief Exec. Officer Mr. Edward J. Fitzpatrick CPA,Chief Financial Officer and Sr. VP
588.00K 0.00 Mr. Eugene A. Delaney, Exec. VP of Product and Bus. Operations - Mr. A. Peter Lawson ,Exec. VP Dr. Sanjay K. Jha,Chief Exec. Officer of Motorola Mobility Holdings
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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We have contacted the company who refused to provide us any financial
data without knowing the name of the inquiring party. |
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As a private company the subject does not publish any financial
statements. However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2010 (Consolidated From Mother Company) |
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Turnover |
19.282.000.000 |
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Operating Income |
789,000 .000 |
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Net Income |
633.000 .000 |
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Current Assets |
17,154,000 .000 |
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Liabilities |
14.692.000.000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
893 000 000 |
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Operating Income |
(43 000 000) |
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Net Income |
(51 000 000) |
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Current Assets |
435 000 000 |
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Fixed Assets |
83 000 000 |
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Net worth |
100 000 000 |
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Bank liabilities |
69 000 000 |
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The cash flow is |
low |
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Comments on the financial data: We added statements
for the parent company Motorola Solutions Inc for the Year 2010 and Motorola
Inc's for the year 2008. |
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Legal Fillings |
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There are 68 UCC files listed
with the Secretary of State of Pennsylvania. There are no legal filings listed with the District Court. For information: 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 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 company has been in business for 33
years, it has a staff of 51,000 employees which makes it a large sized
company. There were no legal filings found against the
company or its legal representatives. Despite our long searches it has not been
possible to find financial data. However, according to the financial
information found from its parent company, Motorola Solutions Inc, we suggest
working with a credit line of USD 250.000. |
SUMMARY
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Profitability |
NEGATIVE |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
LONG |
APPENDIX
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Person Interviewed |
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Receptionist |
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Comments |
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The person contacted at the company refused to provide that
information 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.44.96 |
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1 |
Rs.73.57 |
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Euro |
1 |
Rs.63.68 |
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.