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MIRA INFORM REPORT
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Report Date : |
10.05.2011 |
IDENTIFICATION DETAILS
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Name : |
DATA DEVICE CORPORATION (DDC) |
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Formerly Known As : |
ILC DATA DEVICE CORPORATION |
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Registered Office : |
2711 Centerville Road Suite 400 Wilmington New Castle DE 19808 |
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Country : |
United States |
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Date of Incorporation : |
23.10.1970 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of data networking 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 2.500.000 |
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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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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: |
Data Device Corporation |
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Address in the order: |
105, Wilbur Palace, Bohemia New York - 11716-2482 |
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Legal Name: |
DATA DEVICE CORPORATION (DDC) |
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Trade Name: |
DDC |
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Legal Address |
2711 Centerville Road Suite 400 Wilmington New Castle DE 19808 (reg.
agent address) |
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Opertaive Address: |
105 Wilbur Place, Bohemia, New York, 11716, USA. |
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Telephone: |
(631) 567 5600 |
ID : |
0763921 |
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Fax: |
(631) 567 7358 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
1964 |
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Manager: |
Clifford P Lane, President |
Date Incorporated: |
October 23rd 1970 |
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Staff: |
497 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of data networking solutions. |
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BANKS
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Name of the Bank |
WELLS FARGO |
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Name of the Bank |
JP MORGAN CHASE BANK |
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Name of the Bank |
BANK OF AMERICA |
BUSINESS
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HISTORY |
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The company was founded in 1964. It was formerly known as ILC DATA DEVICE CORPORATION, and changed its
name to DATA DEVICE CORPORATION in 1999. |
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PRINCIPAL ACTIVITY |
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Supplier of data networking solutions. DATA DEVICE CORPORATION manufactures, engineers, sells, and markets
data interface products and solutions for military, aerospace, commercial,
and industrial applications. |
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Products/Services description: |
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The company offers the following products: MIL-STD-1553 products, ARINC 429 products, gigabit Ethernet products, fibre
channel products, synchro resolver products, motor drives, solid state power
control products, data bus and data networking interfaces, synchro and
resolver conversion products, and motor drives/power controls. |
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Sales are: |
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Wholesale |
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Brands: |
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The company has strategic partnership with Curtiss Wright Corporation,
Dynapar, National Instruments, Parvus Corporation, Stratos Optical
Technologies, Trompeter, VMETRO, Wind River, LynuxWorks, Xilinx, and Green Hills
Software, Inc., as well as Mercury Computer Systems, Inc. |
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Clients: |
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General Industries |
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Operations area: |
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National, Local |
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The company imports from Asia and Europe |
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The company export to Brazil, South Africa, Israel, Canada and
Australia, Asia and Europe. |
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Trade References: |
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LynuxWorks, Xilinx, and Green Hills Software |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered in 105 WILBUR PLACE, BOHEMIA, NEW YORK,
11716, USA. Comments on Location: The company is incorporated in Delaware for tax purposes. However, it is headquartered in New York. |
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Branches: |
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There were various representatives found outside the United States |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is a subsidiary of ILC INDUSTRIES INC 105 WILBUR PL Bohemia, New York 11716 USA +1 (631) 567-5600 Total Employees: 970 Years in Business: 4 |
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Management: |
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Clifford P Lane, President |
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Related Companies: |
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BETA TRANSFORMER TECHNOLOGY CORPORATION |
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 |
150,000,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There
are 55 UCC files listed with the Secretary of State of New York. 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 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 medium sized US company, with
497 employees and 45 years of experience. A credit line may be considered for USD
2.500.000. |
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.44.70 |
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UK Pound |
1 |
Rs.73.23 |
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Euro |
1 |
Rs.64.43 |
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.