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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
INSIGHT COMMUNICATION COMPANY |
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Registered Office : |
810 7th Avenue, New York, NY 10019 |
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Country : |
United States |
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Date of Incorporation : |
09.03.1999 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject is a cable operator, provides communications services to homes
and businesses in the United States |
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No. of Employees : |
2777 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
United States - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful economy in the
world, with a per capita GDP of $48,100. In this market-oriented economy,
private individuals and business firms make most of the decisions, and the
federal and state governments buy needed goods and services predominantly in
the private marketplace. US business firms enjoy greater flexibility than their
counterparts in Western Europe and Japan in decisions to expand capital plant,
to lay off surplus workers, and to develop new products. At the same time, they
face higher barriers to enter their rivals' home markets than foreign firms
face entering US markets. US firms are at or near the forefront in
technological advances, especially in computers and in medical, aerospace, and
military equipment; their advantage has narrowed since the end of World War II.
The onrush of technology largely explains the gradual development of a
"two-tier labor market" in which those at the bottom lack the
education and the professional/technical skills of those at the top and, more
and more, fail to get comparable pay raises, health insurance coverage, and
other benefits. Since 1975, practically all the gains in household income have
gone to the top 20% of households. Since 1996, dividends and capital gains have
grown faster than wages or any other category of after-tax income. Imported oil
accounts for nearly 55% of US consumption. Oil prices doubled between 2001 and
2006, the year home prices peaked; higher gasoline prices ate into consumers'
budgets and many individuals fell behind in their mortgage payments. Oil prices
increased another 50% between 2006 and 2008. In 2008, soaring oil prices
threatened inflation and caused a deterioration in the US merchandise trade
deficit, which peaked at $840 billion. In 2009, with the global recession
deepening, oil prices dropped 40% and the US trade deficit shrank, as US
domestic demand declined, but in 2011 the trade deficit ramped back up to $803
billion, as oil prices climbed once more. The global economic downturn, the
sub-prime mortgage crisis, investment bank failures, falling home prices, and
tight credit pushed the United States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP; total government revenues
from taxes and other sources are lower, as a percentage of GDP, than that of
most other developed countries. The wars in Iraq and Afghanistan required major
shifts in national resources from civilian to military purposes and contributed
to the growth of the US budget deficit and public debt - through 2011, the
direct costs of the wars totaled nearly $900 billion, according to US
government figures. In March 2010, President OBAMA signed into law the Patient
Protection and Affordable Care Act, a health insurance reform bill that will
extend coverage to an additional 32 million American citizens by 2016, through
private health insurance for the general population and Medicaid for the
impoverished. Total spending on health care - public plus private - rose from
9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the
DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to
promote financial stability by protecting consumers from financial abuses,
ending taxpayer bailouts of financial firms, dealing with troubled banks that
are "too big to fail," and improving accountability and transparency
in the financial system - in particular, by requiring certain financial
derivatives to be traded in markets that are subject to government regulation
and oversight. Long-term problems include inadequate investment in deteriorating
infrastructure, rapidly rising medical and pension costs of an aging
population, sizable current account and budget deficits - including significant
budget shortages for state governments - energy shortages, and stagnation of
wages for lower-income families.
|
Source : CIA |
Company name: INSIGHT COMMUNICATION COMPANY
Address: 810 7th Avenue, New York,
NY 10019 - USA
Telephone: +1
917-286-2300
Fax: +1 917-286-2301
Website: www.myinsight.com
Corporate ID#: 3014065
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: March 9,
1999
Stock: -
Value: -
Name of manager: Michael
S. WILLNER
Business:
Insight Communication Company, a cable operator, provides communications
services to homes and businesses in the United States.
The company offers business-class cable, multi-line business-class
telephone, a range of commercial-class Internet and hosting, and
enterprise-level dedicated fiber-optic and point-to-point services. It provides
bundled video, data, and voice services, including high-definition television,
digital video recorders, video-on-demand, subscription video-on-demand,
high-speed Internet access, and voice telephony. The company’s packages of
video service comprise programming, local broadcast network affiliates and
independent television stations, and news; information and entertainment
channels, such as CNN, CNBC, ESPN, and MTV; and premium services consisting of
HBO, Showtime, The Movie Channel, Starz!/Encore, and Cinemax. It also offers
advertising inventory on cable networks and advertising platforms, such as
online and video-on-demand.
As of December 31, 2010, the company operated cable systems that passed
approximately 1.3 million homes and had approximately 761,400 customer
relationships; and provided high-speed Internet services to approximately
524,500 customers, as well as telephone services to approximately 303,700
customers.
It operates cable systems serving customers in Louisville, Lexington,
Bowling Green, and Covington in Kentucky; Evansville, Indiana; and in Columbus,
Ohio. The company was founded in 1985 and is headquartered in New York, New
York.
As of February 29, 2012, Insight Communications Company, Inc. operates
as a subsidiary of Time Warner Cable Inc.
Suppliers include:
EIN: 13-4053502
Staff: 2,777
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
Time Warner Cable Inc.
60 Columbus Circle
New York, NY 10023
United States
Time Warner Cable Inc., together with its subsidiaries, offers video,
high-speed data, and voice services to residential and business service
customers over its broadband cable systems in the United States.
The Company is listed with
the NYSE under symbol TWC.
Management:
Michael S. WILLNER is the CEO.
Mr. Michael S. Willner is a Co-founder of Insight Communications Company
Inc., a Manager of Insight Capital, Inc., and has been its Chief Executive
Officer since 1985. Mr. Willner has been Chief Executive Officer of Insight
Midwest, L.P., since 1985. He has been Chairman of Insight Capital, Inc., a
subsidiary of Insight Midwest, L.P., since August 2002 and serves as its Chief
Executive Officer. He serves as the President of Cable Television Laboratories
Inc. Mr. Willner ... served as the President of Insight Communications Co. Inc.
and Insight Midwest, L.P., from August 2003 to February 2006 and previously
from 1985 to August 2002. He served as the President of Coaxial Communications
of Central Ohio, Inc. since 1985 and served as its Chief Executive Officer.
He served as President Of Insight Capital until February 2006.
He served as Executive Vice President and Chief Operating Officer of
Vision Cable from 1979 to 1985, Vice President of Marketing for Vision Cable
from 1977 to 1979 and General Manager of Vision Cable's Bergen County, New
Jersey cable television system from 1975 to 1977. He served as Chief Executive
Officer of Coaxial Financing Corp., since 1985 also served as its Vice Chairman
since August 2002. He co-founded Phoenix Associates. Mr. Willner has been the
Chairman of Insight Midwest, L.P., since August 2002. He serves as Chairman of
Coaxial Financing Corp., Insight Communications of Central Ohio LLC, and
Individual LLC's. He served as the Chairman of the Board of Coaxial
Communications of Central Ohio Inc. ("Coaxial"). He has been Vice
Chairman of Insight Communications Co. Inc., since August 2002. He serves as
Vice Chairman of Insight Communications Company, L.P. Mr. Willner has been
Director of Insight Communications Co. Inc., since 1985. He has been an Independent
Trustee of FBR Funds - FBR Pegasus Fund since June 1997. He serves as a
Director of Cable Television Laboratories Inc., NTL Triangle LLC and National
Cable Satellite Corporation. He also serves on the Founding Director of C-SPAN
since 1978, Women in Cable and Telecommunications, the Cable Center, CableLabs
and the Walter Kaitz Foundation. He served as Director of National Cable &
Telecommunications Association. e served as a Director of Virgin Media, Inc. He
served as a Director of Source Media, Inc. since April 1998. Mr. Willner is
a graduate of Boston University's College of Communication and serves on
the school's Executive Committee.
Dinesh C. JAIN is the President and COO.
Dinesh C. Jain has been the Chief Operating Officer of Insight
Communications Company Inc. since October 9, 2003 and also its President since
March 2006. Mr. Jain has been President of Insight Midwest LP since February
2006 and also its Chief Operating Officer since October 2003. He has been
President of Insight Capital since February 2006 and also serves as its Chief
Operating Officer and Chief Financial Officer. He has been Chief Financial
Officer and Senior Vice President at Insight Communications of Central Ohio LLC
since January 2002. He served as an Executive Vice President of Insight Capital
from October 9, 2003 to February 2006. Mr. Jain served as Senior Vice President
and Chief Financial Officer of Coaxial Financing Corp., since January 2002.
Mr. Jain served as Senior Vice President and Chief Financial Officer of
Coaxial Communications of Central Ohio Inc. (Coaxial) since January 2002.
Mr. Jain served as Senior Vice President and Chief Financial Officer of
Insight Midwest LP, a subsidiary of Phoenix Associates since January 2002 and also
served as its Executive Vice President from October 2003 to February 2006. Mr.
Jain served as Executive Vice President since October 2003, Senior Vice
President and Chief Financial Officer of Insight Communications Company Inc.
since January 2002. Previously, Mr. Jain also served as the Senior Vice
President and Chief Financial Officer of Insight Capital, a subsidiary of
Insight Communications, Insight Midwest LP's manager. Previously,
Mr. Jain was employed for more than the past five years as a Managing
Director of NTL, one of Europe's leading cable and telecommunications
companies. His background in the cable industry includes a nine-year period
with OCOM Corporation and International CableTel, working in various key
general management positions. His roles have included Deputy Managing Director,
NTL Consumer Group, as well as Managing Director of Cable and Wireless'
Consumer Division. He serves as a Director of Insight Communications Co. Inc.
Mr. Jain attended Princeton University.
John ABOTT is Executive Vice President and CFO.
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales for year 2011 up to
USD 1.1 billion.
Net assets for year 2011 up
to USD 62,875,609=
Banks: Bank of New York Mellon
...
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None