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MIRA INFORM REPORT
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Report No. : |
488567 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ATEN TECHNOLOGY, INC |
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Registered Office : |
15365 Barranca Pkwy, Irvine Ca 92618 |
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Country : |
United States |
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Date of Incorporation : |
01.02.1996 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engages in the manufacture of keyboard/video/mouse and remote
connectivity solutions to manage servers and other network devices |
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No. of Employees : |
110 |
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 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: |
ATEN TECHNOLOGY, INC. |
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Trade Names: |
ATEN TECHNOLOGY, INC. IOGEAR |
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ID: |
C1775499 |
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Date Created: |
1979 |
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Date Incorporated: |
01/02/1996 |
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Legal Address: |
15365 BARRANCA PKWY IRVINE CA 92618, USA |
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Operative Address: |
15365 BARRANCA PKWY IRVINE CA 92618, USA |
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Telephone: |
949-453-8782 |
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Fax: |
949-453-8785 |
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Legal Form: |
CORPORATION |
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Email: |
sales@iogear.com |
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Registered in: |
CALIFORNIA |
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Website: |
www.aten-usa.com |
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Contact: |
Sun-Chung Chen - Chairman and Chief Executive Officer |
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Staff: |
110 |
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Activity: |
NAICS 1: Computer and Computer Peripheral Equipment and Software
Merchant Wholesalers NAICS 2: Computer Terminal and Other Computer Peripheral Equipment
Manufacturing SIC 1: Computers And Accessories, Personal And Home Entertainment SIC 2: Computer Peripheral Equipment, Nec |
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Banks: |
BANK OF AMERICA |
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History: |
TEN Technology Inc. was founded in 1979. |
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Parent Company: |
ATEN Technology Inc. operates as a subsidiary of: ATEN International Co., Ltd No.125, Datong Road 3rd Floor Sec. 2 Sijhih District New Taipei City, 221 Taiwan |
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Key Developments: |
ATEN Technology Announces Board Changes May 18 17 ATEN Technology announced the appointment of Chien-Nan Chen,
Representative of the juristic-person director, ATEN US Holding in the place
of Hsin-Yu Chen, Representative of the juristic-person director, ATEN US
Holding, with effect from May 18, 2017. ATEN Technology Announces CEO Changes May 18 17 Aten International CO. Ltd. appointed Sun-Chung Chen, Chairman of ATEN
Technology as the CEO of ATEN Technology in place of Chia-Lin Wang. |
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PRINCIPAL
ACTIVITY
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ATEN Technology Inc. engages in the manufacture of
keyboard/video/mouse and remote connectivity solutions to manage servers and
other network devices. |
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Products/Services description: |
It offers keyboard/video/mouse switches, over the NET products, LCD
consoles, LCD keyboard/video/mouse switches, keyboard/video/mouse extenders,
video products, auto switches and interface converters, USB connectivity
solutions, accessories, IP-based keyboard/video/mouse solutions, media
distribution solutions, HDMI solutions, digital keyboard/video/mouse
extension solutions, SMB server room solutions, IPMI solutions, matrix
keyboard/video/mouse solutions, and kiosk management solutions. The company
serves digital signage, education, medical, and home entertainment
applications; and enterprise, government, SME, and SOHO customers. |
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Brands: |
IOGEAR |
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Sales are: |
Wholesale |
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Clients: |
Ictec Srl Siselectron SA De Cv |
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Suppliers: |
Zodic Technology Limited Lin Shiung Enterprise Co., Ltd. Quanta Storage Shanghai Ltd CTC Electronics Co.,Ltd Aten International Co., Ltd. Costar Electronics, Inc. |
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Operations area: |
National and International |
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The company imports from |
CHINA TAIWAN |
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The company exports to |
BOLIVIA MEXICO |
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The subject employs |
110 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
15365 BARRANCA PKWY IRVINE CA 92618, USA |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
Taiwan Subsidiary Atech Peripherals, Inc. Website: www.aten.com/tw/zh Address: 6F, No.133, Sec.2, Datung Rd., Sijhih District, New Taipei City 221, Taiwan Japan Subsidiary ATEN Japan Co., Ltd Tokyo Headquarters Website: www.aten.com/jp/ja Address: ATEN Bldg 8-4, Minami-senjyu 3-chome,Arakawa-ku, Tokyo 116-0003, Japan Korea Subsidiary ATEN Korea Co., Ltd. Website: www.aten.com/kr/ko Address: B-303, Gabeul Great Valley 60-5, Gasan-dong, Geumcheon-gu, Seoul, Korea 153-801 |
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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 obtained through private sources and could not
be confirmed. ATEN International Co., Ltd No.125, Datong Road 3rd Floor Sec. 2 Sijhih District New Taipei City, 221 Taiwan This information was confirmed by the company. |
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Management: |
Sun-Chung Chen - Chairman and Chief Executive Officer Holly Garcia - Vice President and Business Unit Leader Richard Cheng – Information & Technology Manager Morgan Milosevich - Marketing Manager Sylvia Lin - Senior Purchasing Manager |
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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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Gross Sales |
53.000.000 |
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Cash flow |
Normal |
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LEGAL FILINGS |
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PATENTS |
Signal switch for console and peripheral devices Publication number: 20030093599 Abstract: A signal switch for sharing a video monitor, a plurality of
console devices compliant with an industry standard and one or more than one
peripheral device in any of a plurality of computer systems, is provided
comprising a CPU with a first memory for storing a management program for
managing the signal switch; a hub switch module connected to the CPU and
configured to communicate with any of the plurality of computer systems, and
the one or more than one peripheral device; a device control module for
emulating according to the industry standard the plurality of console
devices, connected to the CPU and the hub switch module; a host control
module connected to the CPU and configured to communicate with the plurality
of console devices; and a video control module connected to the CPU and
configured to communicate with a video monitor device. Type: Application Filed: October 10, 2002 Publication date: May 15, 2003 Applicant: ATEN Technology, Inc. Inventors: Tony Lou, Kevin Chen, Sampson Yang Asynchronous/synchronous switching of console devices and peripheral
devices Patent number: 8140734 Abstract: A signal switch for sharing a video monitor, a plurality of
console devices compliant with an industry standard and one or more than one
peripheral device in any of a plurality of computer systems, is provided
comprising a CPU with a first memory for storing a management program for
managing the signal switch; a hub switch module connected to the CPU and
configured to communicate with any of the plurality of computer systems, and
the one or more than one peripheral device; a device control module for
emulating according to the industry standard the plurality of console
devices, connected to the CPU and the hub switch module; a host control
module connected to the CPU and configured to communicate with the plurality
of console devices; and a video control module connected to the CPU and
configured to communicate with a video monitor device. Type: Grant Filed: December 22, 2008 Date of Patent: March 20, 2012 Assignee: Aten Technology Inc. Inventors: Tony Lou, Kevin Chen, Sampson Yang Television with integrated signal switch for console and peripheral
devices Publication number: 20060195637 Abstract: A television with integrated signal switch (100) for sharing
a television screen (14), a plurality of console devices compliant with an
industry standard (16, 18) and at least one peripheral devices (20) with any
computer system in a plurality of computer systems (12), is provided
comprising a CPU (30); a hub switch module (32) connected to the CPU (30) and
configured to communicate with any of the plurality of computer systems (12),
and the at least one peripheral devices (20); a device control module (38)
for emulating, according to the industry standard, the plurality of console
devices, connected to the CPU (30) and the hub switch module (32); a host
control module (44) connected to the CPU (30) and configured to communicate
with the plurality of console devices (16, 18); and a video control module
(50) connected to the CPU (30) and configured to communicate with the
television screen (14). Type: Application Filed: April 27, 2006 Publication date: August 31, 2006 Applicant: ATEN Technology, Inc. Inventors: Joseph Zhang, Victor Wang, Sampson Shih Yang |
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GOVERNMENT CONTRACTS |
No found. |
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CASES |
Tridia Corporation v. Aten Technology, Inc. et al Plaintiff: Tridia Corporation Defendant: Aten International Co., Ltd. and Aten Technology, Inc. Case Number: 1:2014cv03608 Filed: November 7, 2014 Court: Georgia Northern District Court Office: Atlanta Office County: Cobb Presiding Judge: Steve C Jones Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff Avocent Redmond Corp. v. Aten Technology Inc. et al Plaintiff: Avocent Redmond Corp. Defendant: Aten Technology Inc. and Aten International Co. Ltd. Case Number: 2:2012cv01341 Filed: August 7, 2012 Court: Washington Western District Court Office: Seattle Office County: King Presiding Judge: Brian A Tsuchida Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff |
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TRADEMARKS |
SIMPLY BETTER CONNECTIONS Computer peripherals, namely, keyboard-video-mouse (KVM) device that
stores, converts, switches and broadcasts the keyboard… Owned by: ATEN TECHNOLOGY, INC. Serial Number: 75575481 IHUB Computer peripherals, namely, Universal Serial BUS Hubs Owned by: ATEN TECHNOLOGY, INC. Serial Number: 75575483 IOGEAR COMPUTER PERIPHERALS, NAMELY, KEYBOARD, VIDEO, MOUSE SWITCHES AND
UNIVERSAL SERIAL BUS CONNECTIVITY HUBS Owned by: ATEN TECHNOLOGY, INC. Serial Number: 75766916 GEARJUICE Battery charge devices; Battery chargers; Cell phone battery chargers;
Battery packs; Cell phone battery chargers for use… Owned by: ATEN TECHNOLOGY, INC. Serial Number: 77324831 AVIOR Electrical and electronic control devices, namely, electrical signal
transmitting, amplifying, receiving, and converting… Owned by: ATEN TECHNOLOGY, INC. Serial Number: 77819595 |
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RENEWAL HISTORY |
Document Type File Date SI-NO CHANGE 01/24/2018 SI-COMPLETE 06/12/2017 AMENDMENT 02/08/2013 AMENDMENT 05/01/2009 1505 CERTIFICATE 03/03/2009 REGISTRATION 01/02/1996 |
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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 1979, Aten Technology, Inc. is a mid-sized organization in
the computer wholesale and manufacturers industry located in Irvine, CA. It has 110 full time employees and generates an estimated $53 million
in annual gross sales. The company operates nationally and internationally, mainly importing
from China and Taiwan. 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 |
Andrew |
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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 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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USD |
1 |
INR 63.70 |
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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PRA |
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Report Prepared
by : |
KET |
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.