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Report No. : |
324013 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
VIGILANT SOLUTIONS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
07.01.2005 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject develops tools for law enforcement. |
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No. of Employee : |
22 |
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 : |
Satisfactory |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 most technologically powerful economy in the world, with a per capita GDP
of $54,800. In 2014, however, US GDP ran second to China’s, when compared on a
Purchasing Power Parity basis; the US lost the top spot, where it had stood for
more than a century. In the US, 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 has been a driving
factor in 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. But the globalization of
trade, and especially the rise of low-wage producers, has put additional
downward pressure on wages and upward pressure on the returns to capital. 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. Crude 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 climbed another
50% between 2006 and 2008, and bank foreclosures more than doubled in the same
period. Besides dampening the housing market, soaring oil prices caused a drop
in the value of the dollar and a deterioration in the US merchandise trade
deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis,
falling home prices, investment bank failures, tight credit, and the global
economic downturn 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. In 2012, the federal government reduced the growth of
spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan
required major shifts in national resources from civilian to military purposes
and contributed to the growth of the budget deficit and public debt. Through
2014, the direct costs of the wars totaled more than $1.5 trillion, according
to US Government figures. US revenues from taxes and other sources are lower,
as a percentage of GDP, than those of most other countries. In March 2010,
President OBAMA signed into law the Patient Protection and Affordable Care Act,
a health insurance reform that was designed to 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. In December 2012, the Federal
Reserve Board (Fed) announced plans to purchase $85 billion per month of
mortgage-backed and Treasury securities in an effort to hold down long-term
interest rates, and to keep short term rates near zero until unemployment
dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed
announced that it would begin scaling back long-term bond purchases to $75
billion per month in January 2014 and reduce them further as conditions
warranted; the Fed ended the purchases during the summer of 2014. Long-term
problems include stagnation of wages for lower-income families, inadequate investment
in deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, energy shortages, and sizable current account and budget
deficits.
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Source
: CIA |
VIGILANT
SOLUTIONS, INC.
Address: 2021 Las Positas Court, Ste 101,
Livermore, CA 94551 - USA
Telephone: +1
925-398-2079
Fax: +1 925-398-2113
Website: www.vigilantsolutions.com
Corporate ID#: 3908600
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: January
7, 2005
Stock: -
Value: -
Name of manager: Shawn SMITH
Business:
Vigilant Solutions, Inc. develops tools for law enforcement.
It offers LineUp, a software solution designed to monitor existing IP
video surveillance cameras for the purpose of facial cataloging; FaceSearch, a facial
recognition solution available via Web, on mobile devices, and as a PC-based
application; mobile license plate recognition(LPR)/automatic number plate
recognition solutions; Mobile Companion, a mobile application that allows
officers to scan license plates, match against agency hotlists, query
historical data, use the Mobile Hit Hunter feature to locate nearby hits
generated by the LPR network, and verify identities in the field using facial
recognition; and National Vehicle Location Service, a national data sharing
solution.
The company’s portfolio includes Intelligence-Led Policing that offers a
package comprising various law enforcement tools for agency-wide deployment;
LEARN, an LPR enterprise intelligence solution that manages disparate sets of
data to provide actionable intelligence; Fixed LPR solution that facilitates
strategic monitoring and intelligence gathering in high-volume traffic areas or
secure infrastructure locations; and LPR Mobility Kit that provides agencies
and officers with a portable LPR solution for checkpoints, covert use, or
other special events or tactical
operations.
Its solutions allow law enforcement personnel to collect, organize, and
share data for protecting officers, families, and communities in the United
States. The company was incorporated in 2005 and is based in Livermore,
California.
Office of the Foreign
Assets Control (OFAC):
The company is not listed on the OFAC list.
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.
No name of foreign suppliers available.
EIN: 81-0660957
Staff: 22
Operations & branches:
At the headquarters, we
find the corporate office, on lease.
Shareholders:
The co-founders are:
- Ba Hoang TRAN
- Dinh Tien SON
- Shawn SMITH
Management:
Shawn SMITH is the President.
He Co-Founded Global Knowledge Services Inc. in 2000. Mr. Smith serves as
the President of DolSoft Inc. and Vigilant Video Inc. He Founded Vigilant Video
Inc. Mr. Smith served as Member of Board of Management of Fabsolve, LLC.
Mr. Smith has over 17 years of experience in development of software
systems and business management to the FabSolve team. In the mid of 1990's, he
served as an Officer in the US Navy, where he was a key developer of the US
Navy model for probabilistic risk assessment of nuclear reactor plants.
In the mid 1990's, he also served as a Semiconductor Device Engineering
Manager, he developed extensive data collection, analysis and decision systems
for optimization of semiconductor manufacturing lines within Texas Instruments
and Motorola. Mr. Smith served as a Product Manager for the Knights Technology
Yield Manager product line within the semiconductor industry since 1997.
From 2002 to 2005, Mr. Smith served as a Managing Director of Applied
Materials leading its yield enhancement services and e-diagnostics divisions.
From 2004 to 2005, he was instrumental in the funding and foundation of
Vigilant Video and FabSolve providing a vision to turn CCTV and Semiconductor
video image streams into actionable data for making decisions to assist
manufacturing and security concerns of clients worldwide.
He serves as a Director of Vigilant Solutions Inc. He served as a Member
of the Board of FabSolve, LLC.
Ba Hoang TRAN is the Chairman.
Mr. Hoang also established many unique and innovative go to market
strategies for Vigilant Solutions such as the National Vehicle Location Service
(NVLS) and the Digital Recognition Network (DRN). He has a history of directing
successful businesses including extracting refined chemicals, food processing,
land management and construction. He founded Dolsoft Technology Incubator in Vietnam
in 1996. Mr. Tran already developed very successful businesses for extracting
refined chemicals from salvaged chemical containers, for food processing and
for land management and construction across various provinces within Vietnam.
His successful leadership of DolSoft during the 1990's positioned it to develop
world class core engine technologies in the areas of GIS, encryption and image
processing. He has organized business alliances with European partners to
provide GIS services within the European Benelux countries which are providing
clients in Europe and Vietnam great benefit today. Mr. Tran has been Chairman
of DolSoft since 1996.
He serves as the Chairman of Vigilant Video, Inc. and Vigilant
Solutions.
He founded FabSolve, LLC and served as its Chairman.
Steve CINTRON is the CFO.
As far as we know, they are involved in other corporations, including
FABSOLVE LLC.
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a financial
assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2014 in the range of
USD 2,500,000=
The business is said to be
profitable.
Banks: Wells Fargo Bank
…
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None