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MIRA INFORM REPORT
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Report No. : |
487515 |
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Report Date : |
23.01.2018 |
IDENTIFICATION DETAILS
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Name : |
GULFSTREAM AEROSPACE CORPORATION |
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Registered Office : |
8040 Excelsior Drive, Suite 200 Madison, WI
53717 USA |
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Country : |
United States |
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Date of Incorporation : |
1958 |
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Legal Form : |
Domestic Profit Corporation |
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Line of Business : |
Subject is an organization in the airports
and flying field service companies industry. |
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No. of Employees : |
5,800 Full Time Employees |
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+ |
Low Risk |
Business dealings permissible with low
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 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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Address in the order: |
PO BOX 2206 MS B 05 Savmnah GA 3140 Please, note that this is the address as
provided below; complete address is: P.O. Box 2206 500 Gulfstream Road Savannah,
Georgia 31402-2206 U.S.A. |
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Legal Name: |
GULFSTREAM AEROSPACE CORPORATION |
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Trade Name: |
GULFSTREAM AEROSPACE |
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ID: |
J300735 |
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Date Created: |
1958 |
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Date Incorporated: |
4/14/1980 |
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Legal Address: |
8040 Excelsior
Drive, Suite 200 |
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Operative Address: |
500 Gulfstream
Road |
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Telephone: |
(920) 735-7000 |
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Fax: |
(920) 735-7178 |
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Legal Form: |
Domestic Profit Corporation |
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Email: |
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Registered in: |
WISCONSIN |
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Website: |
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Contact: |
Mark Lagrand Burns, President |
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Staff: |
5,800 full time employees |
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Industry: |
Aerospace Products & Parts
Manufacturing Industry |
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BANKS
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Chase Bank |
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The company does not disclose its banking
details |
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HISTORY
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Gulfstream Aerospace Corporation was
formerly known as Gulfstream American Corp and changed its name to Gulfstream
Aerospace Corporation in November 1982. The company was founded in 1958 and
is based in Savannah, Georgia with facilities, and sales and design centers
in Savannah and Brunswick, Georgia; Dallas, Texas; Long Beach, California;
Mexicali, Mexico; Beijing, China; and London, United Kingdom. |
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As of July 30, 1999, Gulfstream Aerospace
Corporation operates as a subsidiary of General Dynamics Corporation. |
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Gulfstream Aerospace Corporation Key Developments Gulfstream Aerospace Presents at 4th Annual Europe and Enterprise
Wearable Technology Summit, Oct-19-2017 11:45 AM Oct 18 17 Gulfstream Aerospace Presents at 4th Annual
Europe and Enterprise Wearable Technology Summit, Oct-19-2017 11:45 AM.
Venue: The Revere Hotel Boston, Boston, Massachusetts, United States.
Speakers: Drew Holbrook, Advanced Computing Technologies Immersive
Realities. Gulfstream Aerospace Corp. to Add Customer Support at U.S. Business
Aviation Hubs Oct 9 17 Gulfstream Aerospace Corp. announced it
will increase services to customers with the construction of a new
maintenance facility at Van Nuys Airport near Los Angeles and the
establishment of a Field and Airborne Support Teams (FAST) unit in the Boston
area. The company will build a 43,200-square-foot/4,013-square-meter service
center in Van Nuys, with nearly 24,000 sf/2,230 sm of attached shop and
office space. The company's facility will complement an adjacent fixed-based
operation run by sister company Jet Aviation. Operations are expected to
begin in 2019. Gulfstream Aerospace Corporation Presents at SAE 2017 AeroTech
Congress & Exhibition, Sep-26-2017 04:30 PM Sep 23 17 Gulfstream Aerospace Corporation Presents
at SAE 2017 AeroTech Congress & Exhibition, Sep-26-2017 04:30 PM. Venue:
Fort Worth Convention Center, Fort Worth, Texas, United States. Speakers:
Scott Martin. |
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PRINCIPAL ACTIVITY
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It is an organization in the airports and
flying field service companies industry. |
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Products/Services description: |
Gulfstream Aerospace Corporation designs,
develops, manufactures, markets, services, and supports business-jet aircraft
for customers in the United States and internationally. The company also
offers special missions and pre-owned aircraft; support services that
comprise aircraft refurbishment, APU services, computerized maintenance,
Gulfstream FAST, product enhancements, service centers, technical operations,
and technical publications; and aircraft ownership services. |
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Brands: |
Gulfstream |
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Sales are: |
Wholesale |
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Clients: |
INTERIORES AEREOS SA DE CV Mexico |
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Suppliers: |
BOMBARDIER AEROSPACE BELFAST UK Fokker Aerostructures Bv Netherlands |
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Operations area: |
National and International |
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The company imports from |
Europe |
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The company exports to |
Worldwide |
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The subject employs |
5,800 full time employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
500 Gulfstream
Road |
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Branches: |
The company has branches in Georgia, Texas,
Nevada, California, Massachusetts, Wisconsin and Florida. Appleton, Wisconsin, Service Center W6365 Discovery Drive Appleton, Wisconsin, 54914-9190 |
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Related Companies: |
It has related companies in China,Mexico,
Brazil and the U K. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NA |
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Capital: |
NA |
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Shareholders: |
This is a
private company. It is a subsidiary of: General
Dynamics (NYSE: GD), parent company of Savannah-based Gulfstream Aerospace,
in 2017 reported fourth-quarter 2016 earnings per share of $2.62, a full 10
cents better than analysts’ expectations. Revenue for the
quarter was down slightly at $8.2 billion versus the consensus estimate of
$8.29 billion. The company’s
aerospace group reported fourth-quarter 2016 revenue of $2.22 billion,
operating earnings of $436 million and an operating margin of 19.6 percent. Compared with
fourth-quarter 2015, revenue was up 3.8 percent for the segment, earnings
were up 6.3 percent and margin was up 50 basis points. For the full year,
aerospace revenue was down 5.5 percent, while operating earnings improved slightly
and margins were up more than 100 basis points. |
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Management: |
Mr. Mark L. Burns President Mr. Daniel G. Clare Chief Financial Officer Mr. Dennis Stuligross Senior Vice President of Operations Mr. Trevor Esling Regional Senior Vice President of International
Sales for Europe, Middle East and Africa Mr. Fabio Rebello Regional Senior Vice President of
International Sales-Florida & Latin America |
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FINANCIAL INFORMATION
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The company does
not public its financial statements. The following information has been
provided by our private sources: |
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USD 2015 |
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Sales |
8 5Billion |
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Cash Flow |
Normal |
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LEGAL FILINGS
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Gulfstream Aerospace
Services Corporation et al v. Steecon Inc, Steecon Inc et al |
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Ward v.
Gulfstream Aerospace Corp., Inc., 894 F. Supp. 1573 (S.D. Ga. 1995) |
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Government Contracts |
Largest
Contracts
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Patents by
Assignee Gulfstream Aerospace Corporation |
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SUMMARY
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Gulfstream Aerospace Corporation is an
American wholly owned subsidiary of General Dynamics. Gulfstream designs, develops, manufactures,
markets, and services business jet aircraft. Gulfstream has produced more than 2,000
aircraft since 1958. It is active in business without negative. |
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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 |
Rachel |
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POSITION |
Manager |
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COMMENTS |
She confirmed name, address, branches,
estimated staff, parent company and management. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.89 |
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1 |
INR 88.60 |
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Euro |
1 |
INR 78.12 |
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US Dollar |
1 |
INR 63.84 |
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 : |
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.