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MIRA
INFORM REPORT
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Report No. : |
510510 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
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Name : |
ARRIS SOLUTIONS, INC. |
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Registered Office : |
251 Little Falls Drive, Wilmington, New Castle, De, 19808 |
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Country : |
United States |
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Financials (as on) : |
2016 |
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Date of Incorporation : |
12.06.2007 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufactures And Designs Communication Equipment. |
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No. of Employees : |
6,500 |
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 : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $59,500. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.
Imported oil accounts for more than 50% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and former President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the former president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimate
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Source
: CIA |
STATUTORY INFORMATION |
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Legal Name: |
ARRIS SOLUTIONS, INC. |
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Trade Names: |
ARRIS SOLUTIONS, INC. |
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ID: |
4469069 |
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Date Created: |
2007 |
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Date Incorporated: |
12/6/2007 |
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Legal Address: |
251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE, 19808,
USA |
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Operative Address: |
3871 Lakefield Drive Suwanee, GA 30024 United States |
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Telephone: |
678-473-2000 |
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Fax: |
678-473-8470 |
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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.arris.com |
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Contact: |
David B. Potts – Chief Executive Officer |
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Staff: |
6,500 |
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Activity: |
SIC Code 3661, Telephone and Telegraph Apparatus NAICS Code 334210, Telephone Apparatus Manufacturing |
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Banks: |
BANK OF AMERICA |
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History: |
The company was incorporated in 2007 and is based in
Suwanee, Georgia. |
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Parent Company: |
ARRIS Solutions, Inc. operates as a subsidiary of: ARRIS Group, Inc. 3871 Lakefield Drive Suwanee, GA 30024 United States |
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PRINCIPAL ACTIVITY |
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ARRIS Solutions, Inc. manufactures and designs
communication equipment. |
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Products/Services description: |
The company offers communication equipment. |
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Brands: |
ARRIS |
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Sales are: |
Wholesale |
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Clients: |
Telecable De Chihuahua SA De Cv Instrumentos Generales De Mexico S.A.
De C..V Flextronics Manufacturing Mex Sa de Cv Telmex Colombia SA Servicios Y Productos Multimedios
S.A. |
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Suppliers: |
Gns Trading Co., Ltd. Uro Electronics Industriesco. Ltd. Ningbo Ningshing Trading Group Inc Honhai Precision Industries Co., Ltd. Tianjin Xianda Precision Die Castin Changzhou E Tech Imp. & Exp., |
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Operations area: |
National and International |
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The company imports from |
KOREA JAPAN CHINA |
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The company exports to |
MEXICO COLOMBIA PARAGUAY |
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The subject employs |
6,500 employees |
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Payments: |
Regular |
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LOCATION |
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Headquarters : |
3871 Lakefield Drive Suwanee, GA 30024 United States |
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Comments on Address: |
- |
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Branches: |
Arris Solutions, Inc 101 TOURNAMENT DR HORSHAM, PA, 19044-3603
United States |
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Related Companies: |
The company has several sister companies. Some of them
are: ARRIS SOLUTIONS UK LTD. 710 Wharfedale Road Iq Winnersh WOKINGHAM, RG41 5TP
United Kingdom ARRIS SOLUTIONS FRANCE IMM DUEO 10 RUE CAMILLE DESMOULINS 5 BOULEVARD GALLIENI 92130, ISSY LES MOULINEAUX , ILE-DE-FRANCE France ARRIS SOLUTIONS SPAIN SL. CALLE MARTINEZ VILLERGAS, 52 - BLQ 3 MADRID, MADRID, 28027
Spain |
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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: |
ARRIS Solutions, Inc. operates as a subsidiary of: ARRIS Group, Inc. 3871 Lakefield Drive Suwanee, GA 30024 United States |
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Management: |
David B. Potts – Chief Executive Officer JAMES DOUGLAS MOORE JR. – Chief Financial Officer Patrick W. Macken - Secretary |
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FINANCIAL INFORMATION |
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The company does not make its
financial statements public. The following information has been provided by
private sources: |
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USD 2016 |
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SALES |
1,085.070.000 |
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Cash flow |
Normal |
LEGAL FILINGS |
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PATENTS |
Source optimized dynamic trickplay Patent number: 8693849 Abstract: At least one trickplay source file is generated
from original media content. Trickplay view files for rendering particular
trickplay view rates are then generated from the trickplay source file. Type: Grant Filed: December 28, 2007 Date of Patent: April 8, 2014 Assignee: ARRIS Solutions, Inc. Inventor: Eduardo S. C. Takahashi Method and system for scalable representation, storage,
transmission and reconstruction of media streams Patent number: 9167259 Abstract: Methods and systems for defining a compression
and reconstruction scheme of a media stream, for generating and transmitting
a base media layer and enhancement data layers and for reconstructing
compressed representations of the media stream from the base media layer and
the enhancement data layers. Type: Grant Filed: August 3, 2012 Date of Patent: October 20, 2015 Assignee: ARRIS Solutions, Inc. Inventors: Amit Eshet, Ran Oz, Nery Strasman Wavelength distribution for optical transport Patent number: 8260138 Abstract: An optical communication system includes logic
to communicate using optical channels set outside a fiber zero dispersion
zone, and having channel spacing that decreases with increasing distance from
the fiber zero dispersion zone. Type: Grant Filed: April 7, 2009 Date of Patent: September 4, 2012 Assignee: ARRIS Solutions, Inc. Inventors: Marcel F. Schemmann, Venk Mutalik Digital program splice visual quality Patent number: 8824855 Abstract: A digital splicing process includes calculating
the length of data to be inserted into a transport stream between first and
second video clips; and removing B-frames in the second clip that reference
non-existent I-frames without replacing the removed B-frames with new
B-frames. Type: Grant Filed: December 15, 2008 Date of Patent: September 2, 2014 Assignee: ARRIS Solutions, Inc. Inventors: Sean M. Sheedy, Guy Cherry |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
XR Communications, LLC v. ARRIS Solutions, Inc. Plaintiff: XR Communications, LLC Defendant: ARRIS Solutions, Inc. Case Number: 3:2018cv02736 Filed: May 9, 2018 Court: California Northern District Court Office: San Jose Office County: San Francisco Nature of Suit: Patent Cause of Action: 35:271 Patent Infringement Jury Demanded By: Plaintiff Erie Insurance Property & Casualty Company vs. Arris Solutions, Inc. Plaintiff: Erie Insurance Property & Casualty Company Defendant: Arris Solutions, Inc. Case Number: 1:2016cv00207 Filed: November 1, 2016 Court: West Virginia Northern District Court Office: Clarksburg Office County: Monongalia Presiding Judge: Irene M. Keeley Nature of Suit: Tort Product Liability Cause of Action: 28:1332 Jury Demanded By: Both CERTAIN DIGITAL CABLE AND SATELLITE PRODUCTS, SET-TOP
BOXES, GATEWAYS, AND COMPONENTS THERE OF v. ARRIS INTERNAITONAL PLC et al Respondent: ARRIS INTERNAITONAL PLC, ARRIS GROUP, INC.,,
ARRIS TECHNOLOGY, INC.,, ARRIS ENTERPRISES, LLC, ARRIS SOLUTIONS, INC.,, ARRIS GLOBAL LTD., PACE AMERICAS, LLC,
PACE AMERICAS HOLDINGS INC.,, PACE USA LLC and PACE AMERICAS INVESTMENTS LLC Case Number: 1:2017mc01417 Filed: June 9, 2017 Court: District Of Columbia District Court Office: Washington, DC Office County: 11001 Presiding Judge: Randolph D. Moss Nature of Suit: Other Statutory Actions Cause of Action: MS:MiscOrd Jury Demanded By: None |
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TRADEMARKS |
BIGBAND NETWORKS computer hardware and software used for high-speed
delivery of data, and telecommunications equipment in the nature of switches… Owned by: ARRIS SOLUTIONS, INC. Serial Number: 75822151 BIGBAND NETWORKS computer hardware and software used for high-speed
delivery of data, and telecommunications equipment in the nature of switches… Owned by: ARRIS SOLUTIONS, INC. Serial Number: 75939349 BMR Computer hardware and software for use in the transmission
of audio, video, television and other content over electronic… Owned by: ARRIS SOLUTIONS, INC. Serial Number: 76049581 BMR1200 Computer hardware and software for use in the transmission
of audio, video, television and other content over electronic… Owned by: ARRIS SOLUTIONS, INC. Serial NATIVEMEDIA computer hardware and computer software for electronic
processing and communications of video, audio and data content Owned by: ARRIS SOLUTIONS, INC. Serial Number: 76162571 BMR100 computer hardware and software for use in the transmission
of audio, video, television and other content over electronic… Owned by: ARRIS SOLUTIONS, INC. Serial Number: 76162978 |
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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 2007, Arris Solutions Inc. is an organization
in the Telephone Apparatus Manufacturing Industry headquartered in Suwanee,
Georgia. The company has 6,500 regular employees and generates an
estimated $1 billion USD in annual revenue. It operates nationally and internationally, mainly
importing from Korea, Japan and 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 |
Dina |
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POSITION |
Executive Assistant |
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COMMENTS |
She confirmed the name of the company,
the address of the headquarters and location, the date of creation of the
company, the number of employees and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.02 |
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1 |
INR 91.25 |
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Euro |
1 |
INR 80.07 |
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USD |
1 |
INR 68.38 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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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.