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Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
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Name : |
COX COMMUNICATIONS, INC. |
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Registered Office : |
1400 Lake Hearn Drive, Atlanta, GA 30319 |
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Country : |
United States |
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Date of Incorporation : |
19.05.1994 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject operates as a broadband communications and entertainment
company for residential and commercial customers in the United States |
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No. of Employees : |
22400 |
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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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
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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.
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Source : CIA |
Company name: COX COMMUNICATIONS, INC.
Address: 1400 Lake Hearn Drive, Atlanta, GA 30319 - USA
Telephone: +1 404-843-5000
Fax: +1
Website: www.cox.com
Corporate ID#: 2404218
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: 05-19-1994
Date founded: 02-06-1964
Stock: -
Value: -
Name of manager: Patrick
J. ESSER
Business:
Cox Communications, Inc. operates as a broadband communications and
entertainment company for residential and commercial customers in the United
States. The company offers digital video, high-speed Internet, telephone, voice,
phone and long distance, data and video transport, high definition video,
digital cable television, and DVR services over its IP network. It also
provides national and local cable spot and new media advertising services. In
addition, Cox Communications provides home security monitoring systems that
feature intrusion and home safety monitoring, including fire, gas, and flood;
remote access; email/text alerts to notify customers of occurrences at the
home; safety sensors to detect hazardous conditions, such as carbon monoxide
and smoke; video monitoring available via smartphone or a Web browser; and
control of home functions, such as lighting and temperature.
The company was founded in 1964 and is headquartered in Atlanta,
Georgia. Cox Communications, Inc. is a subsidiary of Cox Enterprises, Inc.
Last news:
Jan 22 13
Cox Communications announced the launch of Home Security to customers in
Virginia. Cox started piloting the new product in Arizona in 2011 and launched
in four additional markets in 2012. Cox Home Security provides advanced
features not found in most traditional alarm systems with time-saving, cost-
saving, and worry-saving features to help customers manage their family's safety. The reliable, 24/7 secure monitoring
systems feature: Intrusion and home
safety monitoring (includes fire, gas and flood); Remote access so the system can be controlled away from home via a
secure online site or Smartphone app;
Email/Text alerts to notify customers of occurrences at the home; Safety sensors to detect hazardous conditions such
as carbon monoxide and smoke; Secure
video monitoring available via smart phone or a web browser; and Control of home functions such as lighting
and temperature. Demonstrations of the service are available in the Cox Solutions
Stores in Hampton Roads, enhancing the high-tech, high-touch service experience
in its retail environment.
Jan 7 13
Cox Communications, Inc. revealed its next generation mobile app that
delivers a uniquely personal video experience and sets the stage for the future
of the second screen experience. Partnering with Cisco, Cox design engineers
have developed a mobile application that will first debut on the iPad and
feature: 90 live TV channels; access to
On DEMAND content; TV and tablet integration, including the ability to use the
tablet as a remote control for Cox's Advanced TV program guide, Trio™; and
personalized video content recommendations,
powered by Trio. The company plans to integrate all of its mobile
applications into this one app, which is yet to be named. Extending the
application to additional devices is expected by the end of the year.
Dec 13 12
Cox Communications, Inc. and The Walt Disney Company announced a
comprehensive long-term distribution agreement to deliver Disney's robust
lineup of top quality sports, news and entertainment content to Cox TV
customers across televisions, computers, smartphones, tablets, gaming consoles
and internet- enabled televisions. The new early renewal agreement enhances the
multichannel business model and supports the companies' mutual goal to deliver
the best video content to customers across multiple platforms. As part of the
new multi-year agreement, WatchESPN (ESPN, ESPN2, ESPN3, ESPNU, ESPN Goal Line
and ESPN Buzzer Beater) launches as the
first of TWDC's existing authenticated products being made available to Cox
customers.
Additional
authenticated
products including WATCH Disney Channel, WATCH Disney XD and WATCH
Disney Junior will launch. The
to-be-launched WATCH ABC and WATCH ABC Family services will also be made
available to Cox customers. These products will give Cox customers more
opportunities to access live and video on demand content, both in-home and
out-of-home, on their computers, smartphones, tablets and gaming consoles. In
total, approximately 70 services are covered by the broad scope of this
agreement including: ABC, ABC Family, ABC News/Univision Joint Venture, Disney
Channel, Disney Junior, Disney XD, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPNEWS,
ESPN Classic, ESPN Goal Line, ESPN Buzzer Beater, ESPN 3D, ESPN GamePlan, ESPN
Full Court, ESPN3, Longhorn Network and retransmission consent for KABC-TV, as
well as more than 10 high-definition networks.
The companies also announced that
ESPNEWS and ESPN Classic will be added to Cox TV Connect, Cox's proprietary app that allows
customers to watch live TV on the iPad,
iPhone and iPod touch from anywhere in their homes. Cox is increasing the
number of channels on Cox TV Connect to 90, starting, December 17, 2012.
EIN: -
Staff: 22,400
Operations & branches:
At the headquarters, we
find the corporate headquarters.
The Company maintains
several branches in the U.S.
Shareholders:
COX ENTERPRISES, INC.
6205 Peachtree Dunwoody Road
Atlanta, GA 30328
Cox Enterprises, Inc. provides communications, media, and automotive
services. It offers cable television
distribution, telephone, high-speed Internet access, commercial
telecommunications, advanced digital video, and advertising solutions; and
vehicle auctions, repair and certification services, and Web-based technology
products. The company also provides television and radio stations, and
newspapers; online automotive advertising services; and operates Kudzu.com that
helps homeowners plan projects, solve problems, and choose highly rated
contractors in their area.
Management:
Mr. Patrick J. Esser, Pat has been the President of Cox Communications
Inc. at Cox Enterprises, Inc. since December 31, 2005. Mr. Esser serves as a
Member of Management Board at National Cable & Telecommunications
Association.
Mr. Esser served as Treasurer of National Cable & Telecommunications
Association and previously served as its Secretary. He served as Chief
Operating Officer of Cox Communications Inc. from January 2004 to December 2005
and Executive Vice President since January 2004. He served as an Executive Vice
President of Operations at Cox Communications Inc. from February 2001 to
January 2004. He served as Senior Vice President, Operations of Cox
Communications Inc. since January 2000, and as Vice President of Operations for
Western Division since May 1999. He joined Cox in 1979 as Director of
Programming for Cox's Hampton Roads, Virginia cable system and in 1981 was part
of a management team that launched Cox's local advertising sales subsidiary,
CableRep (now Cox Media, Inc.).
Mr. Esser launched and oversaw the advertising sales business for
CableRep (now Cox Media) in the Quad Cities of Illinois and Iowa; Omaha, Neb.; and
Cedar Rapids, Iowa, before joining Cox 's corporate staff as Director of
Advertising Sales in 1990. He served as Vice President, Advertising Sales from
1991 to 1999, where he was instrumental in developing and launching local news
channels in seven of Cox's markets. In 1999, he Co-founded the Product
Information Network and served for a number of years as a Board member on the
industry's leading national spot sales organization, National Cable
Communications. Mr. Esser serves as Vice Chairman of National Cable &
Telecommunications Association. He serves as Director of National Cable
Satellite Corporation and Cable Television Laboratories, Inc. He is a 2003
recipient of the university's Heritage Honors Alumni Achievement Award.
Recognized for his many accomplishments in the telecommunications industry, he
is a recipient of the Cable Television Advertising Bureau President's Award.
Mr. Esser is a graduate of the University of Northern Iowa, with a B.A. and
M.A. in Communications Media.
Mark F. BOWSER, CFO
Subsidiaries
And partnership:
Numerous
In United States and
Canada, privately held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year 2012
is in the range of USD 2.3 billion.
The Company supplied the
following rates:
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Banks: JPMorgan Chase Bank
...
Legal filings
& complaints:
As of today date, there are numerous legal filing pending with various
Courts, involving the Company as plaintiff or defendant.
Secured debts summary (UCC):
Numerous