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Report No. : |
339519 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
COMTECH EFDATA CORP. |
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Registered Office : |
2114 W. 7th Street, Tempe, AZ 85281 |
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Country : |
United States |
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Date of Incorporation : |
30.05.2000 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Designs and manufactures satellite communications equipment for
commercial and government applications worldwide. |
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No. of Employees : |
412 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
Company name: COMTECH EFDATA CORP.
Address: 2114 W. 7th Street,
Tempe, AZ 85281 - USA
Telephone: +1
480-333-2200
Fax: +1 480-333-2540
Website: www.comtechefdata.com
Corporate ID#: 3236438
State: Delaware
Judicial form: Corporation – Profit
Date incorporated: 05-30-2000
Stock: 1,000
shares common (100 shares issued and outstanding)
Value: No
par value
Name of manager: Robert
McCOLLUM
Business:
COMTECH EFDATA CORP. designs and manufactures satellite communications
equipment for commercial and government applications worldwide.
It offers gateway routers, multi-receiver routers, remote routers, B
remote routers (board set), traffic optimization gateway, and RAN optimizers;
modem accessories; and indoor, outdoor/ruggedized, and card-based satellite
modems that support satellite-based mobile backhaul, enable broadcast
transmissions, power mission-critical military communications, and facilitate
connectivity to remote offices. The company also provides RAN and WAN
optimization products; network and bandwidth management products; indoor
products, such as flyaway terminals and earth stations, severe environments,
broadcast and SNG, ship-borne antenna systems, and enterprises and private
networks; amplifiers; encapsulators and receivers; products for military
environments; RF products; and signal excision units.
In addition, it offers design services that support schematic creation
and capture, PCB layout, vibration/structural analysis thermal simulations,
circuit analysis and simulations, and software design and simulations; and
mechanical castings, enclosures, heat sinks, and connections.
Further, the company provides supply chain management services, which
include planning, procurement, inventory, logistics, and shipping; engineering
services; and contract manufacturing services. It offers its products for
various applications and markets, which include mobile and backhaul, such as
mobile network operators, telecom operators, service providers, and Internet
service providers; government, including militaries, foreign ministries, and
national/regional/municipalities; and enterprise, such as energy, mining,
maritime, corporate, broadcasters, and service providers.
The company was incorporated in 2000 and is based in Tempe, Arizona with
service centers internationally.
Comtech EF Data Corporation operates as a subsidiary of Comtech
Telecommunications Corp.
On July 6, 2015, Comtech EFData Corp. received a $4 million contract
award extension for additional Advanced Time Division Multiple Access (TDMA)
Interface Processor (ATIP) production terminals from the Space and Naval
Warfare Systems Command (SPAWAR). This was the second of four anticipated production
year awards on the ATIP contract. It completed delivery of the initial year
earlier this year to support the U.S. Navy's initial fielding of this new
capability. SPAWAR has funded $24.9 million of the $40.2 million total
potential contract value. The ATIP is a Layer-2 Ethernet bridging device
installed on ship, shore and submarine platforms in the Navy Multiband Terminal
(NMT). The ATIP program provides improvements to the Advanced Extremely High
Frequency (AEHF) system's performance through dynamic bandwidth management,
support for higher XDR data rates, and increased throughput.
Later next year, Comtech will deliver an Adaptive Coding capability to
further improve the AEHF system's performance.
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.
The Company exports to South and Central America.
EIN: 88-0994808
Staff: 412
Operations & branches:
At the headquarters, we find a factory, warehouse and office, owned.
The Company maintains branches located:
3215 Skyway Court
Fremont, CA 94539 USA
20430 Century Boulevard
Germantown, MD 20874 USA
RM 807 Canway Bldg,
No 66 Nanlish Road, Xicheng District, Beijing 100045, China
Zareen Heights, Plot No. 1,216/2
Nagavarapalya Main Road, CV Raman Nagar, Bangalore, Karnataka 560093 India
150 Cecil Street, #08-02
069543 Singapore
13 The Enterprise Centre
Coxbridge Business Park, Alton Road, Farnham, Surrey, GU10 5EH UK
Shareholders:
COMTECH TELECOMMUNICATIONS
CORP.
68 South Service Road, Suite 230, Melville, NY 11747
(listed with the Nasdaq
under symbol CMTL)
Management:
Robert L. McCOLLUM is the President, Director and CEO.
Mr. McCollum founded Comtech Communications Corp. in 1994 and served as
its Senior Vice President since 2000. He served as a Vice President of Comtech
from 1996 to 2000. He served as the President of Comtech since 1994.
In July 2000, Comtech Telecommunications Corp. combined Comtech
Communications Corp. with Comtech EF Data Corp. Prior to joining Comtech, he
served as vice president of engineering at EF Data Corporation.
Mr. McCollum was co founder and vice president of Microwave Systems
Engineering, and president when it was acquired by EF Data Corporation.
He also held engineering positions at Hughes Aircraft and Motorola.
Mr. McCollum has a BSE degree from Arizona State University and an MSE
degree from California State University.
Larry DUMOCHEL is Vice President and CFO.
Tedd BINKOWSKI is Vice President of Operations.
As far as we know, they are involved in several other corporations of
the group.
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 declared for year
2014 is in the range of USD 40,000,000+
The business is said to be
profitable.
Banks: Chase Bank
830 S Mill Ave, Tempe,
AZ 85281
Ph:+1 480-890-6191
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary (UCC):
None