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MIRA INFORM REPORT
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Report No. : |
514605 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
GOOGLE LLC |
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Registered Office : |
251 Little Falls Drive, Wilmington, New Castle, De, 19808, Usa |
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Country : |
United States |
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Financials (as on) : |
Q1 of 2017- Q1 of 2018 USD (Summarized) |
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Date of Incorporation : |
1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject develops technology products and provides services to organize
the information. |
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No. of Employees : |
61814 |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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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 (31.12.2017) |
Current Rating (01.04.2018) |
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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: |
GOOGLE LLC |
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Trade Names: |
GOOGLE LLC |
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ID: |
3582691 |
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Date Created: |
1998 |
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Date Incorporated: |
10/22/2002 |
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Legal Address: |
251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE,
19808, USA |
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Operative Address: |
1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043, USA |
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Telephone: |
650-253-0000 |
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Fax: |
650-253-0001 |
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Legal Form: |
LIMITED LIABILITY COMPANY |
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Email: |
- |
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Registered in: |
DELAWARE |
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Website: |
www.google.com |
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Contact: |
Mr. Sundar Pichai - Chief Executive Officer |
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Staff: |
61,814 |
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Activity: |
SIC Code:7374, Computer Processing and Data
Preparation and Processing Services |
Banks
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BANK OF AMERICA |
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History: |
The company was founded in 1998 and is headquartered
in Mountain View, California. Google LLC was formerly known as Google Inc.
and changed its name to Google LLC in August 2015. It has more than 70 offices in 50 countries. Alphabet is a holding company, with Google, the
Internet media giant, as a wholly owned subsidiary. Google generates 99% of
Alphabet revenue, of which more than 85% is from online ads. Google's other
revenue is from sales of apps and content on Google Play, YouTube Red and
cloud service fees, and other licensing revenue. |
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Parent Company |
Google LLC operates as a subsidiary of: Alphabet Inc. 1600 Amphitheatre Parkway Mountain View, CA 94043 United States |
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Key Developments: |
Google LLC Presents at Cisco Live, Cisco's annual IT
and communications conference, Jun-12-2018 03:00 PM Jun 12 18 Google LLC Presents at Cisco Live, Cisco's annual IT
and communications conference, Jun-12-2018 03:00 PM. Venue: Orange County
Convention Center, 9800 International Drive, Orlando, Florida, United States.
Speakers: Allan Naim, Product Manager. Google LLC Presents at Annual SIGMOD/PODS 2018
conference, Jun-12-2018 Jun 7 18 Google LLC Presents at Annual SIGMOD/PODS 2018
conference, Jun-12-2018 . Venue: Houston, United States. Speakers: Eric Brewer,
VP of Infrastructure. Google LLC Presents at Money 20/20 Europe 2018,
Jun-04-2018 through Jun-06-2018 Jun 1 18 Google LLC Presents at Money 20/20 Europe 2018,
Jun-04-2018 through Jun-06-2018. Venue: Amsterdam, Netherlands. Presentation
Date & Speakers: Jun-04-2018, Florence Diss, Head of EMEA Commerce
Partnerships, Spencer Spinnell, Managing Director, Consumer Payments
Platform. Google beats expectations again with $31.15B in
revenue Apr 23, 2018 Google said its revenue grew 26% year-over-year to $31.16
billion in the first quarter this year. In the first quarter last year,
Google said its revenue had grown 22% between Q1 of 2016 and Q1 of 2017. All
this is a little convoluted, but the end result is that Google is actually
growing faster than it was just a year ago despite the continued trend of a
decline in its cost-per-click — a rough way of saying how valuable an ad is —
as more and more web browsing shifts to mobile devices. Last year, Google
said it recorded $24.75 billion in the first quarter. |
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PRINCIPAL
ACTIVITY
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Google LLC develops technology products and provides
services to organize the information. |
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Products/Services description: |
The company offers Google Search that provides information
online; Google Now that offers information to users; AdWords, an
auction-based advertising program; AdSense, which enables websites that are
part of the Google network to deliver ads; DoubleClick Ad Exchange, a
marketplace for the trading display ad space; and other advertising
platforms, such as AdExchange and AdMob. It also provides YouTube that offers
video, interactive, and other ad formats; Android, an open source mobile
software platform; hardware products, including Chromebook, Chrome OS devices,
Chromecast, and Nexus devices; Google Play, a cloud-based digital
entertainment store for apps, music, books, and movies; Google Drive, a place
for users to create, share, collaborate, and keep their stuff; and Google
Wallet, a virtual wallet for in-store contactless payments. In addition, the
company provides Google Apps, which include Gmail, Docs, Slides, Drawings,
Calendar, Sheets, Forms, Sites, etc. for people to work anywhere, anytime, on
any device; Google Maps Application Programming Interface; and Google Earth
Enterprise, a software solution for imagery and data visualization. Further,
it offers Google+ to share things online with people; Groups to create
mailing lists and discussion groups; Blogger to share the life online with a
blog; and Hangouts for group conversations. The company also provides App
Engine, a platform as a service offering; Google Cloud Storage; Google
BigQuery for real time analytics; Google Cloud SQL to store and manage data
using a relational MySQL database; Google Compute Engine, an infrastructure
as a service platform; and Google Developers to find all Google developer
documentation, resources, events, and products. |
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Brands: |
GOOGLE |
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Sales are: |
Retail |
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Clients: |
Private Users and Private Companies |
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Suppliers: |
Flextronics Industrial (Zhuhai) Co Ltd |
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Operations area: |
National and International |
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The company imports from |
CHINA |
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The subject employs |
61,814 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043, USA |
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Comments on Address: |
- |
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Branches: |
Ann Arbor 2300 Traverwood Dr. Ann Arbor, MI 48105, USA Atlanta 10 10th Street NE Atlanta, GA 30309, USA Austin 500 W 2nd St Suite 2900 Austin, TX 78701, USA Birmingham 114 Willits Street, Birmingham, MI 48009, USA Boulder 2600 Pearl Street Boulder, CO 80302, USA |
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Related Companies: |
It has more than 70 offices in 50 countries. Some of
them are: Boulevard Corporate Tower Av. dos Andradas, 3000 - Andares 14-17 Santa Efigênia Belo Horizonte 30260-070, Brazil Bogotá Carrera 11A 94-45 Centro Empresarial Oxo Center Bogotá, Colombia Buenos Aires Alicia M. De Justo 350, 2nd Floor Buenos Aires, C1107AAH Argentina Ciudad de México Google México, S. de R.L. de C.V. Montes Urales 445 Lomas de Chapultepec Ciudad de México 11000, México |
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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: Google LLC operates as a subsidiary of: Alphabet Inc. 1600 Amphitheatre Parkway Mountain View, CA 94043 United States |
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Management: |
Mr. Sundar Pichai - Chief Executive Officer Dr. Eric E. Schmidt - Executive Chairman Mr. Lawrence Edward Page - Co-Founder, Director and
Chief Executive Officer of Alphabet Mr. Sergey Brin - Co-Founder, Director and President
of Alphabet Ms. Ruth Myrna Porat - CFO & Senior VP |
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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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Q1 of 2017- Q1 of 2018 USD |
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Revenue |
31,160.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Display screen with animated graphical user
interface Patent number: D805101 Type: Grant Filed: August 30, 2016 Date of Patent: December 12, 2017 Assignee: Google LLC Inventors: Judy Zhao, Thomas Homer Rutledge Display screen with animated graphical user
interface Patent number: D806741 Type: Grant Filed: July 26, 2016 Date of Patent: January 2, 2018 Assignee: Google LLC Inventors: Pablo Majernik, Oisin Lavery Display screen or portion thereof with an animated
graphical user interface Patent number: D807898 Type: Grant Filed: July 15, 2014 Date of Patent: January 16, 2018 Assignee: GOOGLE LLC Inventors: Felipe Memoria, Joseph Stewart |
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GOVERNMENT CONTRACTS |
Government Contractor: GOOGLE INC. Name & Address: 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW, CA 94043-1351 Number of Defense Contracts Awarded : 24 Dollar Amount of Defense Contracts Awarded: $364,558 |
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CASES |
Song Fi, Inc., et al v. Google LLC, et al Plaintiff - Appellee,: SONG FI, INC., a District of
Columbia Corporation, JOSEPH N. BROTHERTON, N.G.B., a minor, RASTA ROCK, INC.,
DBA The Rasta Rock Opera and MARILIA DUARTE SCANLAN, Guardian Ad Litem for
N.G.B. Defendant - Appellee,: GOOGLE LLC, a California
corporation and YOUTUBE, LLC, a California Limited Liability Company Movant - Appellant,: COZEN O'CONNOR Case Number: 18-16125 Filed: June 18, 2018 Court: U.S. Court of Appeals, Ninth Circuit Nature of Suit: Other Contract Actions Song Fi, Inc., et al v. Google LLC, et al Plaintiff - Appellant,: SONG FI, INC., a District of
Columbia Corporation, JOSEPH N. BROTHERTON, N.G.B., a minor, RASTA ROCK,
INC., DBA The Rasta Rock Opera and MARILIA DUARTE SCANLAN, Guardian Ad Litem
for N.G.B. Defendant - Appellee,: GOOGLE LLC, a California
corporation and YOUTUBE, LLC, a California Limited Liability Company Case Number: 18-16102 Filed: June 14, 2018 Court: U.S. Court of Appeals, Ninth Circuit Nature of Suit: Other Contract Actions Personal Audio, LLC v. Google Inc. Plaintiff: Personal Audio, LLC Defendant: Google Inc. Case Number: 4:2018mc80098 Filed: June 14, 2018 Court: California Northern District Court Office: Oakland Office Presiding Judge: Kandis A. Westmore Nature of Suit: Other |
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TRADEMARKS |
Image Trademark software for transmission and display of digital content,
audio works, visual works, audiovisual works, electronic publications… Owned by: Google Inc. Serial Number: 86958758 Image Trademark software for the transmission, browsing, organizing,
display and accessing of books Owned by: Google Inc. Serial Number: 86958844 HANGOUTS MEET computer hardware, computers, video monitors, audio
speakers, microphones, speaker microphones, video cameras Owned by: Google Inc. Serial Number: 87562348 MOMENT IQ Computer software; computer software for facial and
object recognition; computer software for automating capturing of photos… Owned by: Google LLC Serial Number: 87630878 ACTIVE EDGE Electronic pressure and motion sensors for
controlling mobile devices, namely mobile phones, tablets, laptops, handheld… Owned by: Google LLC Serial Number: 87632073 PIXELBOOK PEN Stylus; input devices for computers, tablets, and
mobile Owned by: Google LLC Serial Number: 87632078 |
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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 1998, Google LLC is an organization in
the Computer Processing and Data Preparation and Processing Services
headquartered in Mountain View, CA. The company has 61,814 regular employees and
generates an estimated $31.16 billion USD in annual revenue. It operates nationally and internationally, mainly
importing from China. 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 |
Thomas |
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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 68.20 |
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UK Pound |
1 |
INR 89.58 |
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Euro |
1 |
INR 78.79 |
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USD |
1 |
INR 67.76 |
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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VAR |
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Report Prepared
by : |
POJ |
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.