|
Report No. : |
341752 |
|
Report Date : |
21.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIASAT, INC. |
|
|
|
|
Registered Office : |
6155 El Camino Real, Carlsbad, CA 92009 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
30.06.2015 (Unaudited - Consolidated) |
|
|
|
|
Year of Incorporation : |
1986 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
Line of Business : |
Subject provides satellite and wireless networking applications; and secure
networking systems, products, and services worldwide. |
|
|
|
|
No. of Employees : |
3,400 |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at Purchasing Power Parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
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.
Long-term problems for the US 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.
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 such as China, has put additional downward pressure on wages and upward pressure on the return 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 and oil has a major impact on the overall health of the economy. 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, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. 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. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increase.
|
Source
: CIA |
Your order on: VIA SAT INC
Tha correct name is:
Company name: VIASAT,
INC.
Address: 6155 El Camino Real, Carlsbad, CA
92009 - USA
Telephone: +1
760-476-2200
Fax: +1
760-929-3941
Website: www.viasat.com
Corporate ID#: 2676843
State: Delaware
Judicial form: Public Company (Nasdaq = VSAT)
Date incorporated: 10-25-1996
Date founded: 1986
Stock: 48,032,227
shares issued and outstanding (as of 07-31-2015)
Value: USD
0.0001= par value
Name of manager: Mark
D. DANKBERG
Business:
ViaSat, Inc. provides satellite and wireless networking applications;
and secure networking systems, products, and services worldwide.
The company’s Satellite Services segment offers retail and wholesale
broadband satellite services under the Exede and WildBlue brand names, which
offers two-way satellite-based broadband Internet access and voice over
Internet protocol to consumers and businesses.
It also provides mobile broadband services comprising network management
and high-speed Internet connectivity services for customers using airborne, maritime,
and ground mobile satellite systems; and enterprise broadband services. As of
April 3, 2015, this segment provided broadband satellite services to
approximately 686,000 subscribers.
Its Commercial Networks segment offers fixed satellite networks that
comprise satellite network infrastructure and ground terminals designed to
access
Ka-band broadband services; mobile broadband satellite communication
systems; and antenna systems for terrestrial and satellite applications, such
as geospatial imagery, mobile satellite communication, Ka-band gateways, and
other multi-band antennas. This segment also provides design and technology
services, including analysis, design, and specification of satellites and
ground systems; ASIC and MMIC design and production; and wide area network
compression for enterprise networks.
The Company’s Government Systems segment offers government satellite
communication systems, including various broadband modems, terminals, network
access control systems, and antenna systems; information security and assurance
products, and secure networking solutions; and tactical radio and information
distribution systems to enable real-time collection and dissemination of secure
real-time digital information between command centers, communications nodes,
and air defense systems.
ViaSat, Inc. was founded in 1986 and is headquartered in Carlsbad,
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.
EIN: 33-0174996
Staff: 3,400
Operations & branches:
At the headquarters, we find
a large factory, warehouse andc office, owned.
The Company maintains
several branches in the U.S. including the one located:
1725 Breckinridge Plaza
Duluth, GA 30096
Shareholders:
The Company is listed with the
Nasdaq under symbol VSAT.
As of 06-30-2015, 84% of
the stock was held by institutional and mutual fund owners, including:
|
Baupost Group, Inc,.(The) LLC |
24.17% |
|
FPR Partners, LLC |
9.87% |
|
Southeastern Asset Management Inc/tn/ |
7.30% |
|
Longleaf Partners Small-Cap Fund |
7.20% |
Management:
Mark D. DANKBERG is Chairman and Chief Executive Officer at ViaSat Inc.
Mr. Dankberg Co-founded ViaSat Inc in May 1986 and has been its Chief
Executive Officer since its inception in May 1986.
He served as the President of ViaSat Inc. from May 1986 to December 1,
2003. Prior to ViaSat, he served as an Assistant Vice President of M/A-COM
Linkabit, a manufacturer of satellite telecommunications equipment, from 1979
to 1986 and Communications Engineer for Rockwell International Corp. from 1977
to 1979. He has been the Chairman of the Board and Director at ViaSat Inc.
since its inception in May 1986. He serves as a Director of TrellisWare
Technologies, Inc. and U.S. Monolithics. He serves on the advisory board of
Minnetronix, Inc. He served as an Independent Director of REMEC Inc. and REMEC
Liquidating Trust from September 1999 to December 31, 2010.
Mr. Dankberg holds B.S.E.E. and M.E.E. Degrees from Rice University.
Richard A. BALDRIDGE has been the President of ViaSat Inc. since
December 1, 2003 and has been its Chief Operating Officer since September 2000.
Mr. Baldridge joined ViaSat Inc. in April 1999 served as its Vice
President and Chief Financial Officer. From September 2000 to August 2002, he
served as an Executive Vice President, Chief Operating Officer and Chief
Financial Officer of ViaSat Inc. He served as an Executive Vice President of
ViaSat Inc. since September 2000 until August 2002. He served as a Vice
President and General Manager of Raytheon Corporation’s Training Systems
Division from January 1998 to April 1999. From June 1994 to December 1997, Mr.
Baldridge served as the Chief Operating Officer, Chief Financial Officer and
Vice President of Finance and Administration for Hughes Information Systems and
Hughes Training Inc., prior to their acquisition by Raytheon in 1997.
His other experience includes various senior financial management roles
with General Dynamics Corporation. He has been a Director of Ducommun Inc.
since March 22, 2013. He serves as a Director of CommNexus San Diego. He also
serves as a Director of Jobs for America’s Graduates and the National Alliance
of Business (NAB).
Mr. Baldridge holds a B.S. degree in Business Administration, with an
emphasis in Information Systems, from New Mexico State University.
Ms. Shawn L. DUFFY is the CFO
Subsidiaries
And partnership:
|
IOM Licensing Holding Company Limited |
|
Isle of Man |
|
Thames Space Limited |
|
United Kingdom |
|
ViaSat (IOM) Limited |
|
Isle of Man |
|
ViaSat Antenna Systems S.A. |
|
Switzerland |
|
ViaSat Australia PTY Limited |
|
Australia |
|
ViaSat China Services, Inc. |
|
Delaware |
|
ViaSat Europe S.r.L. |
|
Italy |
|
ViaSat India Pvt. Ltd. |
|
India |
|
ViaSat Peru S.R.L. |
|
Peru |
|
ViaSat Satellite Holdings Limited |
|
United Kingdom |
|
ViaSat Satellite Ventures Holdings Luxembourg S.a.r.l. |
|
Luxembourg |
|
ViaSat Stimulus, LLC |
|
Delaware |
|
ViaSat Technologies Limited |
|
United Kingdom |
|
ViaSat UK Limited |
|
United Kingdom |
|
ViaSat Worldwide Limited |
|
Delaware |
|
ViaSat, Inc. Limitada |
|
Chile |
On August 6, 2015, ViaSat Inc. announced unaudited consolidated financial
results for the fiscal first quarter ended June 30, 2015.
For the quarter, the company reported revenues of $344.4 million against
$319.5 million a year ago. Income from operations was $9,414,000 against loss
from operations of $1,169,000 a year ago. Income before income taxes was
$3,526,000 against loss before income taxes of $9,772,000 a year ago.
Net income was $2,519,000 against net loss of $6,321,000 a year ago.
Adjusted EBITDA was $77.5 million against $60.2 million a year ago. Net income
was $2.6 million against net loss of $5.9 million a year ago. Diluted net
income per share was $0.05 against net loss per diluted share of $0.13 a year
ago. Non-GAAP net income attributable to company was $12,116,000 against
$2,416,000 a year ago. Non-GAAP diluted net income per share attributable to
company common stockholders was $0.25 against $0.05 a year ago. Strong revenue
increases in its Satellite Services and Government Systems segment more than
offset declines in Commercial Networks, resulting in overall revenue growth of
8%. Net debt increased by about $55 million sequential from fourth quarter of
2015. The company announced that current outlook for adjusted EBITDA for the
fiscal year 2016, hasn't changed from last quarter. The company has been targeting
about 20% year-over-year growth, excluding the nonrecurring portion of the
Loral settlement, and that would put the company in the range of about $360
million. The company is anticipating that growth will come from Satellite
Services, which is driven by growth in consumer broadband as well as commercial
aero.
On attachment:
- 10K 2014/2015 (fiscal year ending March
2015)
- 1st 10Q 2015
Banks: Union Bank
JPMorgan
Chase Bank
…
Legal filings
& complaints:
State: California
Case number: 3:15-cv-00143-BEN-NLS
Plaintiff: Advanced Media Networks, LLC
Defendant: ViaSat, Inc. et al
Roger T. Benitez, presiding
Nita L. Stormes, referral
Date filed: 01/21/2015
Date of last filing: 08/20/2015
Cause: Patent infringement
State: Texas
Case number: 1:15-cv-00163
Plaintiff: Amando Salazar et al
Defendant: ViaSat, Inc.
Andrew S. Hanen, presiding
Ronald G. Morgan, referral
Date filed: 09/11/2015
Date of last filing: 09/18/2015
Secured debts summary (UCC): Several