MIRA INFORM REPORT

 

 

Report Date :

26.05.2011

 

IDENTIFICATION DETAILS

 

Name :

GENERAL DYNAMICS SATCOM TECHNOLOGIES INC

 

 

Registered Office :

Corporation Trust Center 1209 Orange Street Wilmington, New Castle DE 19801.

 

 

Country :

United States

 

 

Date of Incorporation :

15.03.1994

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Telephone Wholesalers, Wireless & Broadcast Equipment manufacturing

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 500,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – 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


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Dear client:

 

The address you provided is that of a division of the main company, that is headquartered at 1500 PRODELIN DR Newton, North Carolina 28658 USA; Therefore we porceed on making the report under that address.

Legal Name:

General Dynamics Satcom Technologies Inc

Legal Address

Corporation Trust Center 1209 Orange Street Wilmington, New Castle DE 19801 (register agent)

Operative Address

1500 Prodelin Dr Newton, North Carolina 28658 USA

Telephone:

+1-828-464-4141

ID :

2385936

Fax:

+1-828-464-4147

Legal Form:

Corporation for Profit

Email:

info@gdsatcom.com

Registered in:

Delaware

Website:

www.gdsatcom.com

Date Created:

1994

Manager:

Gary Kanipe, Vice President and Division General Manager

Date Incorporated:

March 15th, 1994

Staff:

81

Stock:

N/A

 

 

Value:

N/A

Activity:

Telephone Wholesalers, Wireless & Broadcast Equipment manufacturing.

 

 

BANKS

 

Name of the Bank

Commerce Bank

Name of the Bank

Citibank

 

BUSINESS

 

HISTORY

 

This company was created in the year 1994.

 

PRINCIPAL ACTIVITY

 

This company Provides design engineering, program management and integration/installation services for fixed voice, data, and video satellite communications systems and for radio/TV distribution systems.

Products/Services description:

 

Electronic products: State power amplifiers, SSPBs, low noise amplifiers, LNBs, nodal satellite multiplexers, line driver amplifiers, synthesized frequency converters, converter redundancy switching, and block converters.

Scientific products: Optical and radio telescopes, radar antennas, and precision pointing structures.

 

The company provides testing, retrofit, refurbishment, and maintenance services. It offers its solutions for direct to home, very small aperture terminal, air traffic control, satellite communications, TV/radio distribution

Sales are:

 

Wholesale, Retail

Clients:

 

General clientele

Various industries

Operations area:

 

National, Local

The company imports from Worldwide

The company does not export

The subject employs 81 employee(s)

 

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 1500 PRODELIN DR Newton, North Carolina 28658 USA.

 

Comments on location:

 

The company is incorporated in Delaware for tax purposes. However it is headquartered in Georgia.

 

Branches:

 

The company has several branches and division all over the US including:

 

-Satcom line of  business - standard products:

2600 N. Longview Street

Kilgore, Texas 75662 USA

 

1104 Energy Drive

Kilgore, Texas 75662 USA

 

3750 W. Loop 281

Longview Texas 75604 USA

 

-Electronic Products:

60 Decibel Road, Suite 200

State College, Pennsylvania 16801 USA

 

-VSAT Products:

P.O. Box 850

1500 Prodelin Drive

Newton, North Carolina 28658 USA

 

-Microwave Antenna Products:

1500 Prodelin Drive

Newton, North Carolina 28658 USA

 

-Satcome line of business - solutions:

4825 River Green Parkway

Duluth, Georgia 30096 USA

 

2205 Fortune Drive

San Jose, California 95131 USA

 

Among many others.

 

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is wholly own subsidiary of 

General Dynamics Corp. a public company that trades at the stock exchange NYSE under ticker symbol "GD", the company is located in:

 

2941 Fairview Park Drive

Suite 100

Falls Church, VA 22042-4153

United States - Map

Phone: 703-876-3000

Website: http://www.generaldynamics.com

Management:

 

Gary Kanipe, Vice President and Division General Manager

Ronald Boyd, Director, Finance

Lou Dinunzio, Director, Quality Assurance

John Stoy, Director, Human Resources

Jeff Porter, Programs Group General Manager

Brad Majeres, Products Group General Manager

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted a male representative who refused to provide us any financial data on grounds of confidentiality.

 

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.

Currency

DATE

 

 

USD

2010 (Consolidated from mother company)

 

 

Turnover

32,466,000,000

 

 

Operating Income

3,945,000,000

 

 

Net Income

2,624,000,000

 

 

Current Assets

14,186,000,000

 

 

Net worth

13,316,000,000

 

 

Liabilities

19,229,000,000

 

 

The cash flow is

Normal

 

 



Legal Fillings

 There are 8 UCC** files listed with the Secretary of State of North carolina.

 

There was one lawsuit found agaist the company:

Baird Supporting Systems, Inc v. General Dynamics Satcom Technologies, Inc

Filed: December 31, 2009 as 6:2009cv02073 Updated: March 24, 2010 18:47:28

Plaintiff: Baird Supporting Systems, Inc

Defendant: General Dynamics Satcom Technologies, Inc

Presiding Judge: Senior Judge Edward J McManus

Referring Judge: Magistrate Judge Jon S Scoles

Cause Of Action: Fed. Question: Trademark

 

 

There were no outcomes found for this lawsuit, and the representative refused to provide us this 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

 

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.

 

 

 Final Opinion

 

This is a medium sized company with 81 employees and 17 years of experience.

 

There was one lawsuit against the company for the year 2009; However, we were unable to confirm the outcome of it.

 

We've contacted a male representative who refused to provide us any information per security purposes.

 

This company is wholly own subsidiary of General Dynamics Corp (NYSE: GD )

 

Therefore, as there was no financial information found for the subject, we consolidated the figures from its mother company.

 

The company gave a good profitability.

 

A credit line may be considered for USD 500,000



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

 

Indebtedness

 

Payments

REGULAR

 

 

Cash

NORMAL

 

 

 

 

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

 

Male representative

Comments

 

He refused to provide us any financial data on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.31

Euro

1

Rs.63.70

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.