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MIRA INFORM REPORT
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Report No. : |
486071 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
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Name : |
DASSAULT SYSTEMS SOLIDWORKS CORPORATION |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801 |
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Country : |
United States |
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Date of Incorporation : |
1993 |
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Legal Form : |
Corporation |
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Line of Business : |
·
Subject is engaged in Custom Computer Programming
Services. ·
Computer Software Development. |
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No. of Employees : |
488 |
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 : |
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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 $57,300. 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 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. 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, 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, 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. 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 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
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 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 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 further reduce them 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 increases. 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 US GDP growth below 2%, the Fed has opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
DASSAULT SYSTEMS SOLIDWORKS CORPORATION |
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Trade Names: |
DASSAULT SYSTEMS SOLIDWORKS CORPORATION |
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ID: |
2453491 |
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Date Created: |
1993 |
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Date Incorporated: |
12/7/1994 |
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Legal Address: |
CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON,
NEW CASTLE, DE, 19801, USA |
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Operative Address: |
175 Wyman Street Waltham, MA 02451 United States |
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Telephone: |
781-810-5011 |
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Fax: |
781-810-7303 |
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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.solidworks.com |
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Contact: |
Mr. Gian Paolo Bassi - Chief Executive Officer |
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Staff: |
488 |
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Activity: |
NAICS 1: Custom Computer Programming Services SIC 1: Computer Software Development |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1993 and is based in
Waltham, Massachusetts. Dassault Systčmes SolidWorks Corporation was formerly
known as SolidWorks Corporation and changed its name to Dassault Systčmes
SolidWorks Corporation in August 2008. |
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Parent Company: |
As of July 25, 1997, Dassault Systčmes SolidWorks
Corporation operates as a subsidiary of: Dassault Systčmes SE 10, rue Marcel Dassault CS 40501 Vélizy-Villacoublay,
78946 France |
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PRINCIPAL
ACTIVITY
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Dassault Systčmes SolidWorks Corporation develops 3D
software tools that enable users to create, simulate, publish, and manage
their data. |
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Products/Services description: |
It provides SolidWorks 3D CAD solutions that enable
companies to transform new ideas into products; find and repurpose files,
parts, and drawings; share design information; and automate workflows and
ensures manufacturing. The company also offers SOLIDWORKS Education Edition,
a resource for teaching 3D mechanical CAD, design validation, and data
management; and SOLIDWORKS Student Edition Software for engineering or
industrial design job markets. It serves aerospace, automotive, construction,
consumer products, energy, engineering services, high-tech electronics,
industrial equipment, life sciences-medical, manufacturing, and process and
plant sectors; and government and education sectors. The company markets and
sells its products through resellers and its online stores. |
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Brands: |
SOLIDWORKS |
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Sales are: |
Wholesale |
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Clients: |
DiseŃo Y Manufactura Digitalsa De Cv Solidservicios, S.A. De C.V. Racsi Sa |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company exports to |
MEXICO COLOMBIA |
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The subject employs |
488 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
175 Wyman Street Waltham, MA 02451 United States |
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Comments on Address: |
This business is located at 175 Wyman St, a
commercial address in Waltham, MA. The office building was last sold on April
20, 2007 for $38.3 million USD. The office building has an estimated value of $33.2
million USD, which is 825% higher than the $3,594,297 United States dollars
average for office buildings in the area. When the building was last assessed
in 2013, the assessment value was $33.2 million USD. With 210,423 square feet of space, this building is
one of the largest office buildings in the 02451 zip code. The average office
building in the area has around 2,956 square feet. |
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Branches: |
No other branches were found. |
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Related Companies: |
Europe/Middle East/Africa Dassault Systčmes 10 rue Marcel Dassault CS 40501 78946 Vélizy-Villacoublay Cedex - France Asia-Pacific Dassault Systčmes K.K. ThinkPark Tower 20F
2-1-1 Osaki Shinagawa-ku 141-6020 Tokyo -Japan |
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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: |
As of July 25, 1997, Dassault Systčmes SolidWorks
Corporation operates as a subsidiary of: Dassault Systčmes SE 10, rue Marcel Dassault CS 40501 Vélizy-Villacoublay,
78946 France |
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Management: |
Mr. Gian Paolo Bassi - Chief Executive Officer Mr. Scott Wheeler - Chief Financial Officer Mr. Mark Neil - Vice President and General Counsel Mr. Ian Baxter - Vice President of Worldwide
Technical Services Mr. Suchit Jain - Vice President of Strategy &
Community |
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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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Revenue |
40.800.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Aware and active features for computer-aided design
systems Patent number: 7571079 Abstract: Processing data in a computer-aided design
(CAD) system includes determining that a feature of a three-dimensional model
has a condition that requires correction. The condition is automatically
corrected by performing an action. The action may be an action that reorders
a sequence of features in the three-dimensional model, an action that changes
at least one parameter of the feature, an action that deletes a feature
reference, or an action that changes a feature reference. Furthermore, the
action may have one or more constraints that bound the action to a set of
features that are directly and indirectly related to the feature on which the
action operates. Type: Grant Filed: January 20, 2006 Date of Patent: August 4, 2009 Assignee: Dassault Systems Solidworks Corporation Inventors: Ricardo Chin, Robert Siegel Reducing the size of a model using visibility
factors Patent number: 8581902 Abstract: A computer-implemented method and system
reduces size of a data structure of a computer-aided design (CAD) model.
Given a CAD model formed of a plurality of modeling elements, the method and
system provide one or more geometric entities defining modeling elements of
the CAD model. The geometric entities have corresponding graphical entities
configured to display the CAD model. For each modeling element, the method
and system determine visibility of the modeling element and produce a reduced
data structure by storing in the structure graphic data representing the
graphical entities and geometric data of only certain ones of the geometric
entities determined as a function of visibility of the corresponding modeling
elements. Type: Grant Filed: January 15, 2009 Date of Patent: November 12, 2013 Assignee: Dassault Systems SolidWorks Corporation Inventors: Olivier Zegdoun, Bruce W. Holway, Amit
Mandloi, Adarsh Krishnamurthy AUTOMATIC COMPUTATION OF REFLECTED MASS AND
REFLECTED INERTIA Publication number: 20130006586 Abstract: Automatically computing the reflected mass
or reflected inertia of a computer-aided design model comprised of a motor
includes executing a simulation of the model, using the simulation results to
compute the reflected mass or reflected inertia, and treating the non-motor
parts of the model as a virtual body having a time-varying mass or a
time-varying inertia. The mass or inertia of the virtual body at a specific
time is the reflected mass or reflected inertia, respectively, of the model
at the specific time. Type: Application Filed: June 29, 2011 Publication date: January 3, 2013 Applicant: Dassault Systems SolidWorks Corporation Inventors: Shrikant Vitthal Savant, Kyeong Hwi Lee |
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GOVERNMENT CONTRACTS |
No found. |
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CASES |
SoftVault Systems, Inc. v. Dassault Systemes
SolidWorks, Corporation Plaintiff: SoftVault Systems, Inc. Defendant: Dassault Systemes SolidWorks Corporation Case Number: 3:2014cv03221 Filed: July 16, 2014 Court: California Northern District Court Office: San Francisco Office County: XX US, Outside State Presiding Judge: Elizabeth D. Laporte Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff In Re: eBay, Inc Movant: Dassault Systemes SolidWorks Corporation and
Adobe Systems Incorporated Case Number: 3:2017mc00011 Filed: January 26, 2017 Court: Connecticut District Court Office: New Haven Office County: Hartford Presiding Judge: Michael P. Shea Nature of Suit: Other Cause of Action: No cause code entered Jury Demanded By: None |
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TRADEMARKS |
SOLIDWORKS computer software in the field of computer aided
design and user manuals sold as a unit therewith Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION Serial Number: 74714545 FEATUREMANAGER computer software in the field of computer aided
design and user manuals sold as a unit therewith Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION
and BENTLEY SYSTEMS,INCORPORATED Serial Number: 75006459 PDMWORKS COMPUTER SOFTWARE FOR PRODUCT DATA MANAGEMENT BY
USERS OF A PROPRIETARY SOLID MODELING PROGRAM IN THE FIELD OF MECHANICAL… Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION Serial Number: 75577334 EDRAWINGS computer software for computer-aided design Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION Serial Number: 75794099 3D PARTSTREAM.NET providing temporary use of on-line non-downloadable
software enabling users to reconfigure and download product designs… Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION Serial Number: 75982008 COSMOSWORKS COMPUTER SOFTWARE FOR DESIGN ANALYSIS IN THE FIELD
OF ENGINEERING Owned by: DASSAULT SYSTEMES SOLIDWORKS CORPORATION Serial Number: 76046296 |
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RENEWAL HISTORY |
No records found. |
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UCC |
No records found. |
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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 1993, Dassault Systemes Solidworks Corporation
is a large-sized organization in the custom computer programming services
industry located in Waltham, MA. It has 488 full time employees and generates $40.8
million in annual revenue. The company operates nationally and internationally,
mainly exporting to Mexico and Colombia. It is ACTIVE in business with no
negative records. |
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 |
Michael |
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POSITION |
Sales |
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COMMENTS |
He 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 63.41 |
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1 |
INR 87.17 |
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Euro |
1 |
INR 77.44 |
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USD |
1 |
INR 63.77 |
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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VIV |
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Report Prepared
by : |
DNS |
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.