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MIRA INFORM REPORT
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Report No. : |
502629 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DATA DEVICE CORPORATION |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De, 19801,
USA |
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Country : |
United States |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1964 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject designs and manufactures data bus, motion control, and
solid-state power controller products. |
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No. of Employees : |
343 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with
a per capita GDP of $59,500. 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, businesses 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 more than 50% 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. Because the US economy is energy-intensive, falling oil prices
since 2013 have alleviated many of the problems the earlier increases had
created.
The sub-prime mortgage crisis, falling home prices, investment bank
failures, tight credit, and the global economic downturn pushed the US into a
recession by mid-2008. GDP contracted until the third quarter of 2009, 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, Congress passed
and former 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. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries.
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 FY 2018, the direct costs of the wars will
have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient
Protection and Affordable Care Act (ACA), a health insurance reform that was
designed to extend coverage to an additional 32 million Americans by 2016,
through private health insurance for the general population and Medicaid for
the impoverished. Total spending on healthcare - public plus private - rose
from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the former 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%. The
Fed ended its purchases during the summer of 2014, after the unemployment rate
dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of
GDP. In December 2015, the Fed raised its target for the benchmark federal
funds rate by 0.25%, the first increase since the recession began. With
continued low growth, the Fed opted to raise rates several times since then,
and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the
Tax Cuts and Jobs Act, which, among its various provisions, reduces the
corporate tax rate from 35% to 21%; lowers the individual tax rate for those
with the highest incomes from 39.6% to 37%, and by lesser percentages for those
at lower income levels; changes many deductions and credits used to calculate
taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do
not obtain the minimum amount of health insurance required under the ACA. The
new taxes took effect on 1 January 2018; the tax cut for corporations are
permanent, but those for individuals are scheduled to expire after 2025. The
Joint Committee on Taxation (JCT) under the Congressional Budget Office
estimates that the new law will reduce tax revenues and increase the federal
deficit by about $1.45 trillion over the 2018-2027 period. This amount would
decline if economic growth were to exceed the JCT’s estimate.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
DATA DEVICE CORPORATION |
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Trade Names: |
DATA DEVICE CORPORATION |
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ID: |
763921 |
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Date Created: |
1964 |
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Date Incorporated: |
10/23/1970 |
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Legal Address: |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801, USA |
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Operative Address: |
105 Wilbur Place Bohemia, New York, 11716, USA |
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Telephone: |
631-567-5600 |
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Fax: |
631-567-7358 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
DELAWARE |
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Website: |
www.ddc-web.com |
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Contact: |
Vincent Buffa - Chief Executive Officer and President |
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Staff: |
343 |
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Activity: |
SIC Code 3577, Computer
Peripheral Equipment, NEC NAICS Code 334118, Computer
Terminal and Other Computer Peripheral Equipment Manufacturing |
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Banks: |
BANK OF AMERICA U.S. BANCORP OLIVER ALLEN TECHNOLOGY LEASING |
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History: |
The company was founded in 1964
and is based in Bohemia, New York. It has additional offices in England,
France, Germany, Japan, and Singapore. |
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Parent Company: |
Data Device Corporation operates as a subsidiary of: ILC Industries, LLC 105 Wilbur Place Bohemia, NY 11716 United States |
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Key Developments: |
Data Device Corp. Wins $1.04 Million
Federal Contract from the U.S. Army's Defense Logistics Agency Mar 22 17 Data Device Corp. won a $1,041,063 federal
contract set aside for small business from the U.S. Army's Defense Logistics
Agency Detachment for electrical and electronic assemblies, boards, cards and
associated hardware. |
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PRINCIPAL
ACTIVITY
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Data Device Corporation designs and manufactures data bus, motion
control, and solid-state power controller products. |
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Products/Services description: |
Its data bus products include data bus networking solutions,
multi-protocol, Ethernet, and fiber channels. The company also offers motor
drives, synchro/resolver, and motor controller products; solid-state power
and controllers; beta transformers; rad-tolerant solutions; and custom
solutions. Its products are used in aerospace defense/civil, ground vehicles,
industrial automation, navigation systems, portable devices, robotics, rugged
computers, sensors, simulators, space, and unmanned systems applications. |
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Brands: |
DDC |
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Sales are: |
Wholesale |
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Clients: |
Aerospace Defense / Civil Industry Ground Vehicles Industry Industrial Automation Industry Navigation Systems Industry Portable Devices Industry Robotics Industry Rugged Computers Industry Sensors Industry Simulators Industry Space Industry Unmanned Systems Industry |
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Suppliers: |
Pascall Electronics Ltd |
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Operations area: |
National and International |
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The company imports from |
UNITED KINGDOM |
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The subject employs |
343 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
105 WILBUR PLACE BOHEMIA, NEW YORK, 11716, USA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
DDC Elektronik Gmbh Triebstrasse 3 D-80993 Muenchen Germany DDC Electronics Ltd Westridge Business Park Cothey Way, Ryde Isle of Wight UK, PO33 1QT DDC Electronique 84-88 Bld de la Mission Marchand 92411 Courbevoie Cedex France Beta Transformer Technology Corporation (wholly owned subsidiary) 40 Orville Drive Suite 3000 Bohemia, NY 11716 United States |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The company does not disclose information on shareholders. The
following information has been provided by private sources and could not be
confirmed: Data Device Corporation operates as a subsidiary of: ILC Industries, LLC 105 Wilbur Place Bohemia, NY 11716 United States |
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Management: |
Vincent Buffa - Chief Executive Officer and President Mr. Ken Sheedy - Vice President of Finance Mr. John Haynes - Vice President of Sales & Marketing Ms. Martha Solowey - Vice President of Human Resources & Service
Quality Mr. Amir Massumi - Vice President of Marketing Joseph Gelish - Chief Project Engineer Paul Tanner - Managing Director of European Operations |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Sales |
120.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Multi-dimensional burst link access streaming transmission (BLAST)
architecture and algorithms for low latency real-time broadband burst
data/video transmission Publication number: 20080013640 Abstract: A multi-dimensional Burst Link Access Streaming Transmission
(BLAST) architecture, which provides flexible physical apparatus for balanced
performance of data throughput, latency, and reliability of transmission
(e.g. graceful degradation). A schedule is sent from a master node to alert
targeted nodes regarding messages to be sent. The master node uses a P-Band
transmission link operating a regular intervals to synchronize the system in
preparation for receipt of a message over a synchronous link. Each node has
the capability of sending and receiving synchronous and asynchronous
messages. Type: Application Filed: January 31, 2007 Publication date: January 17, 2008 Applicant: Data Device Corporation Inventors: Cheng Lu, Richard Locarni, Richard Hummel, Frank Haunstein,
Michael Dombrowski |
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GOVERNMENT CONTRACTS |
Government Contractor: DATA DEVICE CORPORATION Name & Address: 105 WILBUR PL BOHEMIA, NY 11716-2426 Number of Defense Contracts Awarded :
496 Dollar Amount of Defense Contracts Awarded: $23,613,098 |
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CASES |
Frazer v. Data Device Corporation Plaintiff: Charles Frazer Defendant: Data Device Corporation Case Number: 1:2016cv06510 Filed: November 22, 2016 Court: New York Eastern District Court Office: Brooklyn Office Nature of Suit: Contract: Other Cause of Action: 28:1332 Diversity-Contract Dispute Jury Demanded By: Plaintiff |
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TRADEMARKS |
DDC DATA DEVICE CORPORATION ELECTRONIC COMPONENTS AND CIRCUITS IN THE DATA CONVERSION FIELD,
namely, SYNCHRO TO DIGITAL CONVERTERS, HYBRID SYNCHRO AND… Owned by: DATA DEVICE CORPORATION Serial Number: 75654653 DDC ELECTRONIC AMPLIFIERS,[ COMPARATORS, ]RELAYS [, AND POWER SUPPLIES ] Owned by: DATA DEVICE CORPORATION Serial Number: 72230518 DDC Electronic Components and Circuits in the Data Conversion
Field-Namely, Digital to Analog Converters, Analog to Digital… Owned by: DATA DEVICE CORPORATION Serial Number: 73226862 DDC Electronic Components and Circuits in the Data Conversion
Field-Namely, Digital to Analog Converters, Analog to Digital… Owned by: DATA DEVICE CORPORATION Serial Number: 73228113 DDC computer software for controlling a multiplex data bus serving as an
interface between a host microprocessor bus and a dual… Owned by: DATA DEVICE CORPORATION Serial Number: 74355836 |
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RENEWAL HISTORY |
No found. |
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UCC |
Debtor Names: DATA DEVICE
CORPORATION 105 WILBUR PLACE, BOHEMIA, NY 11716-0000, USA Secured Party Names: U.S.
BANCORP OLIVER ALLEN TECHNOLOGY LEASING 801 LARKSPUR LANDING, LARKSPUR, CA 94939-0000, USA File no. File Date Lapse Date Filing Type 076671 04/19/2001 04/19/2006 Financing Statement 124408 06/26/2001 04/19/2006 Financing Statement Amendment Debtor Names: DATA DEVICE
CORPORATION, 105 WILBUR PLACE, BOHEMIA, NY 11716-0000, USA Secured Party Names: U.S.
BANCORP OLIVER ALLEN TECHNOLOGY LEASING 801 LARKSPUR LANDING, LARKSPUR, CA 94939-0000, USA File no. File Date Lapse Date Filing Type 076670 04/19/2001 04/19/2006 Financing Statement |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 1964, Data Device Corporation is an organization in the
Computer Terminal and Other Computer Peripheral Equipment Manufacturing
Industry headquartered in Bohemia, NY. The company has 343 regular employees and generates an estimated
$118.8 million USD in annual revenue. It operates nationally and internationally, mainly importing from
United Kingdom. It is ACTIVE in business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Emily |
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POSITION |
Operator |
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COMMENTS |
She confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees
and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.45 |
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1 |
INR 93.27 |
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Euro |
1 |
INR 80.74 |
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US Dollar |
1 |
INR 65.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.