MIRA INFORM REPORT
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Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
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Name : |
TIMES FIBER COMMUNICATIONS, INC. |
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Registered Office : |
Corporation Trust Center 1209 Orange Street, Wilmington, De |
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Country : |
United States |
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Date of Incorporation : |
14.02.1977 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of cables and fiber optic |
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 : |
500,000 USD |
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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: |
Times Fiber Communications |
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Address in the order: |
358 Hall Avenue Wallingford CT 064292 |
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Legal Name: |
TIMES FIBER COMMUNICATIONS, INC. |
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Legal Address |
CORPORATION TRUST CENTER 1209 ORANGE STREET, WILMINGTON, DE |
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Operative Address |
358 Hall Avenue P.O. Box 384 Wallingford, CT 06492, USA |
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Telephone: |
+ 1 (203) 265-8500 |
Document Number : |
0834657 |
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Fax: |
+ 1 (203) 265-8422 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Delaware |
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Website: |
www.timesfiber.com |
Date Created: |
NA |
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Manager: |
500-700 employees |
Date Incorporated: |
February 14, 1977 |
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Staff: |
Adam Morwitt, Chief Executive Officer |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of cables and fiber optic |
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BANKS
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Name of the Bank |
Wells Fargo |
BUSINESS
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PRINCIPAL ACTIVITY |
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Times Fiber Communications, Inc. designs, manufactures, and markets
broadband communication products and fiber optic management equipment in the
United States. It offers coaxial cables and connectors, jumpers, assemblies, kits,
wires and cables, premise systems, enclosures, splitters, directional
couplers, and DVI interconnects. The company was founded in 1948 and is based in Wallingford,
Connecticut. It has facilities in Chatham, Virginia; Renfrew, Canada; Sao
Paulo, Brazil; Liberty, North Carolina; Chung Nam-Do, South Korea; Nogales,
Mexico; and Changzhou, China. Times Fiber Communications, Inc. operates as a subsidiary of Amphenol
Corporation. |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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The company's trade references were not confirmed with the staff. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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AMPHENOL CORPORATION AMPHENOL CORP-CL A (APH:New York) 39,100 Employees 358 Hall Avenue Wallingford, CT 06492 United States - Map Phone: 203-265-8900 Fax: 203-265-8516 Website: http://www.amphenol.com |
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Management: |
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Adam Morwitt Chief Executive Officer Diana Reardon Chief Financial Officer Harold Jackson Controller |
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 |
3,554,101,000 (At group level) |
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Legal Fillings |
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There
are UCC** files listed with the Secretary of State. There are legal filings listed with the
District Court, among them: . Filing Number: 090930 72579 Filing Date: 09-30-2009 Filing Jurisdiction: VIRGINIA Filing Location: SECRETARY OF THE COMMONWEALTH/UCC DIVISION
OLD FINANCE BLDG CAPITOL SQUARE RICHMOND
VA 23219 Filing History: Filing Type Filing Date INITIAL FILING 09-30-2009 -------------------------------------------------------------------------------- Secured Party: DE LAGE LANDEN FINANCIAL SERVICES, INC. Secured Party Address: 1111 OLD EAGLE SCHOOL RD WAYNE
PA 19087- 1453 -------------------------------------------------------------------------------- Debtor:
TIMES FIBER COMMUNICATIONS, INC. Debtor Address: 380 TIGHTSQUEEZE INDUSTRIAL RD CHATHAM
VA 24531- 3677 -------------------------------------------------------------------------------- Collateral Description: 09/30/2009 090930 72579 - EQUIPMENT LEASED
AND PROCEEDS Collateral Count: -------------------------------------------------------------------------------- 2. Filing Number: 070501 70635 Filing Date: 05-01-2007 Filing Jurisdiction: VIRGINIA Filing Location: SECRETARY OF THE COMMONWEALTH/UCC DIVISION OLD
FINANCE BLDG CAPITOL SQUARE RICHMOND
VA 23219 Filing History: Filing Type Filing Date INITIAL FILING 05-01-2007 -------------------------------------------------------------------------------- Secured Party: DE LAGE LANDEN FINANCIAL SERVICES, INC. Secured Party Address: 1111 OLD EAGLE SCHOOL RD WAYNE
PA 19087- 1453 -------------------------------------------------------------------------------- Debtor:
TIMES FIBER COMMUNICATIONS, INC Debtor Address: 380 TIGHTSQUEEZE INDUSTRIAL RD CHATHAM
VA 24531- 3677 -------------------------------------------------------------------------------- Collateral Description: 05/01/2007 070501 70635 - EQUIPMENT LEASED
AND PROCEEDS Collateral Count: -------------------------------------------------------------------------------- 3. Filing Number: 6269508 8 Filing Date: 08-03-2006 Filing Jurisdiction: DELAWARE Filing Location: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS DOVER
DE 19901 Filing History: Filing Type Filing Date INITIAL FILING 08-03-2006 -------------------------------------------------------------------------------- Secured Party: AMPHENOL FUNDING CORP. Secured Party Address: 358 HALL AVE WALLINGFORD CT
06492- 3574 Secured Party: CALYON NEW YORK BRANCH, AS ADMINISTRATIVE
AGENT Secured Party Address: 1301 AVENUE OF THE AMERICAS NEW YORK
NY 10019- 6022 -------------------------------------------------------------------------------- Debtor:
TIMES FIBER COMMUNICATIONS, INC. Debtor Address: 358 HALL AVE WALLINGFORD CT
06492- 3574 --------------------------------------------------------------------------------
The sources consulted record no major detrimental legal or labor court
information. 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 medium 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 an established company. This is a large company covered by a
larger group in good shape. The company's sector of activity has not
been involved in adverse news recently. The structure can bear a credit line. A business connection can be conducted
with the structure. To completely secure the credit line, we
suggest calling the parent company as a guarantor. |
SUMMARY
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Profitability |
CORRECT |
Public
Records |
YES |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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ADVISED CREDIT |
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500,000 USD |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.08 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.30 |
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.