Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Home Improvement Retail
Technology Hardware Storage and Peripherals
Information Technology
Technology Hardware and Equipment
Asset Management and Custody Banks
Automobiles and Components
Electrical Components and Equipment
Health Care Facilities

Exposures
Military
Political reform
Regime
Cooperate
Express intent
Provide
Ease

Event Codes
Solicit support
Adjust
Human death
Warn
Sports contest
Yield to order
Host meeting
Acknowledge responsibility
Accident
Promise policy support
Agree

Wiki	Wiki Summary
Financial condition report	In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters.
Balance sheet	In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial ratio	A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
List of RTO districts in Kerala	\n== Regional Transport Offices ==\n\n\n== Sub Regional Transport Offices ==\n\n\n== Future Sub Regional Transport Offices ==\nGovernment of Kerala has repeatedly intimated multiple legislative members that there are no plans to setup any new RTOs/SRTOs in Kerala unless the financial condition of Kerala improves.\n\n\n== References ==\n\nOfficial list of Regional Transport Offices\nOfficial list of Sub Regional Transport Offices\n\n\n== External links ==\nhttps://www.mvd.kerala.gov.in (Link to Kerala Motor Vehicles Department.
Financial analysis	Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Form 10-K	A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Operation Mincemeat	Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Bitwise operation	In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Special Activities Center	The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015.
Operations management	Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Special operations	Special operations (S.O.) are military activities conducted, according to NATO, by "specially designated, organized, selected, trained, and equipped forces using unconventional techniques and modes of employment". Special operations may include reconnaissance, unconventional warfare, and counter-terrorism actions, and are typically conducted by small groups of highly-trained personnel, emphasizing sufficiency, stealth, speed, and tactical coordination, commonly known as "special forces".
Emergency operations center	An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Operations research	Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Lluís Companys	Lluís Companys i Jover (Catalan pronunciation: [ʎuˈis kumˈpaɲs]; 21 June 1882 – 15 October 1940) was a Spanish politician from Catalonia who served as president of Catalonia from 1934 and during the Spanish Civil War.\nCompanys was a lawyer close to labour movement and one of the most prominent leaders of the Republican Left of Catalonia (ERC) political party, founded in 1931.
Holding company	A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself.
Company	A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
The Walt Disney Company	The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
SpaceX	Space is the boundless three-dimensional extent in which objects and events have relative position and direction. In classical physics, physical space is often conceived in three linear dimensions, although modern physicists usually consider it, with time, to be part of a boundless four-dimensional continuum known as spacetime.
East India Company	The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia.
The Pokémon Company	The Pokémon Company (株式会社ポケモン, Kabushiki gaisha Pokémon) is a Japanese company responsible for brand management, production, publishing, marketing and licensing of the Pokémon franchise, which consists of video game software, a trading card game, anime television series, films, manga, home entertainment products, merchandise, and other ventures. It was established through a joint investment by the three businesses holding the copyright of Pokémon: Nintendo, Game Freak, and Creatures.
The Honest Company	The Honest Company, Inc. is an American consumer goods company, founded by actress Jessica Alba.
The Longaberger Company	The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
Operating cash flow	In financial accounting, operating cash flow (OCF), cash flow provided by operations, cash flow from operating activities (CFO) or free cash flow from operations (FCFO), refers to the amount of cash a company generates from the revenues it brings in, excluding costs associated with long-term investment on capital items or investment in securities. Operating activities include any spending or sources of cash that’s involved in a company’s day-to-day business activities.
Net present value	The net present value (NPV) or net present worth (NPW) applies to a series of cash flows occurring at different times. The present value of a cash flow depends on the interval of time between now and the cash flow.
Valuation using discounted cash flows	Valuation using discounted cash flows (DCF valuation) is a method of estimating the current value of a company based on projected future cash flows adjusted for the time value of money.\nThe cash flows are made up of those within the “explicit” forecast period, together with a continuing or terminal value that represents the cash flow stream after the forecast period.
Manufacturing Consent	Manufacturing Consent: The Political Economy of the Mass Media is a 1988 book by Edward S. Herman and Noam Chomsky. It argues that the mass communication media of the U.S. "are effective and powerful ideological institutions that carry out a system-supportive propaganda function, by reliance on market forces, internalized assumptions, and self-censorship, and without overt coercion", by means of the propaganda model of communication.
Competition	Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
High availability	High availability (HA) is a characteristic of a system which aims to ensure an agreed level of operational performance, usually uptime, for a higher than normal period.\nModernization has resulted in an increased reliance on these systems.
Availability factor	The availability factor of a power plant is the amount of time that it is able to produce electricity over a certain period, divided by the amount of the time in the period. Occasions where only partial capacity is available may or may not be deducted.
High-availability cluster	High-availability clusters (also known as HA clusters, fail-over clusters) are groups of computers that support server applications that can be reliably utilized with a minimum amount of down-time. They operate by using high availability software to harness redundant computers in groups or clusters that provide continued service when system components fail.
Availability cascade	An availability cascade is a self-reinforcing cycle that explains the development of certain kinds of collective beliefs. A novel idea or insight, usually one that seems to explain a complex process in a simple or straightforward manner, gains rapid currency in the popular discourse by its very simplicity and by its apparent insightfulness.
Mergers and acquisitions	In corporate finance, mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.
List of mergers and acquisitions by Alphabet	Google is a computer software and a web search engine company that acquired, on average, more than one company per week in 2010 and 2011. The table below is an incomplete list of acquisitions, with each acquisition listed being for the respective company in its entirety, unless otherwise specified.
List of mergers and acquisitions by Meta Platforms	Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform.
Ben Ashkenazy	Ben Ashkenazy (born 1968/69) is an American billionaire real estate developer. He is the founder, CEO, and majority owner of Ashkenazy Acquisition Corporation, which has a $12 billion property portfolio.

Risk Factors
DUCOMMUN INC /DE/ ITEM 1A RISK FACTORS The Company’s business, financial condition, results of operations and cash flows may be affected by known and unknown risks, uncertainties and other factors
Any of these risks, uncertainties and other factors could cause the Company’s future financial results to differ materially from recent financial results or from currently anticipated future financial results
In addition to those noted elsewhere in this report, the Company is subject to the following risks and uncertainties: Aerospace Markets Are Cyclical The aerospace markets in which the Company sells its products are cyclical and have experienced periodic declines
The Company’s sales are, therefore, unpredictable and tend to fluctuate based on a number of factors, including economic conditions and developments affecting the aerospace industry and the customers served
Although the market for the Company’s products sold for new commercial aircraft production currently appears to be experiencing a slight improvement, any downturn in commercial aircraft production could have a negative impact on the Company’s business, financial condition and operating results
Military and Space-Related Products Are Dependent Upon Government Spending The Company estimates that in 2005 approximately 65prca of its sales were derived from military and space markets
These military and space markets are largely dependent upon government spending, particularly by the United States government
Changes in the levels of spending for military and space could improve or negatively impact the Company’s prospects in its military and space markets
The Company has received a termination notice on the Space Shuttle program which affects virtually all of the Company’s work on the program
The Company had sales of approximately dlra7cmam396cmam000 for the Space Shuttle program in 2005
The Company Is Dependent on Boeing Commercial Aircraft, the C-17 Aircraft and Apache Helicopter Programs The Company estimates that in 2005 approximately 15prca of its sales were for Boeing commercial aircraft, 12prca of its sales were for the C-17 aircraft, and 20prca of its sales were for the Apache helicopter
The Company’s sales for Boeing commercial aircraft and the C-17 aircraft are principally for new aircraft production; and the Company’s sales for the Apache helicopter are principally for replacement rotor blades
Any significant change in production rates for these programs would have a material effect on the Company’s results of operations and cash flows
In addition, there is no guarantee that the Company’s current significant customers will continue to buy products from the Company at current levels
The loss of a key customer could have a material adverse effect on the Company
For example, the Company manufactures the spoilers for the Boeing 737NG aircraft (the “737 Spoilers”), which contributed approximately dlra15cmam996cmam000 9 ______________________________________________________________________ [10]Table of Contents to sales in 2005
The Company has been informed that a competitor has been awarded a contract to produce the 737 Spoilers
Although the precise timing and amount of any transition of work to the competitor is presently unknown, such a transition of work may occur as early as 2008
Terrorist Attacks May Adversely Impact the Company’s Operations There can be no assurance that the current world political and military tensions, or the United States military actions, will not lead to acts of terrorism and civil disturbances in the United States or elsewhere
These attacks may strike directly at the physical facilities of the Company, its suppliers or its customers
Such attacks could have an adverse impact on the Company’s domestic and international sales, supply chain, production capabilities, insurance premiums or ability to purchase insurance, thereby adversely affecting the Company’s financial position, results of operations and cash flows
In addition, the consequences of terrorist attacks and armed conflicts are unpredictable, and their long-term effects upon the Company are uncertain
The Company Is Experiencing Competitive Pricing Pressures The aerospace industry is highly competitive and competitive pressures may adversely affect the Company
The Company competes worldwide with a number of United States and international companies that are larger than it in terms of resources and market share
The Company is experiencing competitive pricing pressures in both its DAS and DTI businesses
These competitive pricing pressures have had, and are expected to continue to have, a material adverse effect on the Company’s business, financial condition and operating results
The Company Faces Risks of Cost Overruns and Losses on Fixed-Price Contracts The Company sells its products under firm, fixed-price contracts providing for a fixed price for the products regardless of the production costs incurred by the Company
As a result, manufacturing inefficiencies, start-up costs and other factors may result in cost overruns and losses on contracts
The cost of producing products also may be adversely affected by increases in the cost of labor, materials, outside processing, overhead and other factors
In many cases, the Company makes multiyear firm, fixed-price commitments to its customers, without assurance that the Company’s anticipated production costs will be achieved
Risks Associated With Foreign Operations Could Adversely Impact the Company In 2006, the Company plans to commence limited production of certain products for its DTI subsidiary at a new manufacturing facility in Thailand
The Company will incur start-up and operating expenses in connection with the Thailand facility which could be greater than expected
Doing business in Thailand and other foreign countries also is subject to various risks, including political instability, local economic conditions, foreign currency fluctuations, foreign government regulatory requirements, trade tariffs, and the potentially limited availability of skilled labor in proximity to the Company’s facility
The Company’s Products and Processes Are Subject to Risks from Changes in Technology The Company’s products and processes are subject to risks of obsolescence as a result of changes in technology
To address this risk, the Company invests in product design and development, and for capital expenditures
There can be no guarantee that the Company’s product design and development efforts will be successful, or that the amounts of money 10 ______________________________________________________________________ [11]Table of Contents required to be invested for product design and development and capital expenditures will not increase materially in the future
The Company Faces Risks Associated with Acquisitions and Dispositions of Businesses A key element of the Company’s long-term strategy has been growth through acquisitions
The Company is continuously reviewing and actively pursuing acquisitions, including acquisitions outside of its current aerospace markets
Acquisitions may require the Company to incur additional indebtedness, resulting in increased leverage
Any significant acquisition may result in a material weakening of the Company’s financial position and a material increase in the Company’s cost of borrowings
Acquisitions also may require the Company to issue additional equity, resulting in dilution to existing stockholders
This additional financing for acquisitions and capital expenditures may not be available on terms acceptable or favorable to the Company
Acquired businesses may not achieve anticipated results, and could result in a material adverse effect on the Company’s financial condition, results of operations and cash flows
The Company also periodically reviews its existing businesses to determine if they are consistent with the Company’s strategy
The Company has sold, and may sell in the future, business units and product lines, which may result in either a gain or loss on disposition
The Company’s acquisition strategy exposes it to risks, including the risk that the Company may not be able to successfully integrate acquired businesses
The Company’s ability to grow by acquisition is dependent upon, among other factors, the availability of suitable acquisition candidates
Growth by acquisition involves risks that could have a material adverse effect on the Company’s business, financial condition and operating results, including difficulties in integrating the operations and personnel of acquired companies, the potential amortization of acquired intangible assets, the potential impairment of goodwill and the potential loss of key employees of acquired companies
The Company may not be able to consummate acquisitions on satisfactory terms or, if any acquisitions are consummated, to satisfactorily integrate these acquired businesses
Goodwill Could Be Impaired in the Future In assessing the recoverability of the Company’s goodwill at December 31, 2005, management was required to make certain critical estimates and assumptions
These estimates and assumptions included that during the next several years the Company will make improvements in manufacturing efficiency, achieve reductions in operating costs, and obtain increases in sales and backlog
If any of these or other estimates and assumptions are not realized in the future, the Company may be required to record an impairment charge for the goodwill
The goodwill of the Company was dlra57cmam201cmam000 at December 31, 2005
Significant Consolidation in the Aerospace Industry Could Adversely Affect the Company’s Business and Financial Results The aerospace industry is experiencing significant consolidation, including the Company’s customers, competitors and suppliers
Consolidation among the Company’s customers may result in delays in the award of new contracts and losses of existing business
Consolidation among the Company’s competitors may result in larger competitors with greater resources and market share, which could adversely affect the Company’s ability to compete successfully
Consolidation among the Company’s suppliers may result in fewer sources of supply and increased cost to the Company
11 ______________________________________________________________________ [12]Table of Contents The Company’s Failure to Meet Quality or Delivery Expectations of Customers Could Adversely Affect the Company’s Business and Financial Results The Company’s customers have increased, and are expected to increase further in the future, their expectations with respect to the on-time delivery and quality of the Company’s products
In many cases, the Company does not presently satisfy these customer expectations, particularly with respect to on-time delivery
If the Company fails to meet the quality or delivery expectations of its customers, this failure could lead to the loss of one or more significant customers of the Company
The Company’s Manufacturing Operations May Be Adversely Affected by the Availability of Raw Materials and Components from Suppliers In some cases, the Company’s customers supply raw materials and components to the Company
In other cases, the Company’s customers designate specific suppliers from which the Company is directed to purchase raw materials and components
As a result, the Company may have limited control over the selection of suppliers and the timing of receipt and cost of raw materials and components from suppliers
The failure of customers and suppliers to deliver on a timely basis raw materials and components to the Company may adversely affect the Company’s results of operations and cash flows
In addition, the Company has experienced increases in lead times for, and a deterioration in the availability of, aluminum, titanium and certain other materials
These problems with raw material availability could have an adverse effect on the Company’s results of operations in the future
Environmental Liabilities Could Adversely Affect the Company’s Financial Results The Company is subject to various environmental laws and regulations
The Company is investigating and taking corrective action for groundwater contamination at its DAS subsidiary’s El Mirage, California site
The Company is also a potentially responsible party at certain sites at which it previously disposed of hazardous wastes or previously had manufacturing operations
There can be no assurance that future developments, lawsuits and administrative actions, and liabilities relating to environmental matters will not have a material adverse effect on the Company’s results of operations or cash flows
The DAS chemical milling business uses various acid and alkaline solutions in the chemical milling process, resulting in potential environmental hazards
Despite existing waste recovery systems and continuing capital expenditures for waste reduction and management, at least for the immediate future, this business will remain dependent on the availability and cost of remote hazardous waste disposal sites or other alternative methods of disposal
Product Liability Claims in Excess of Insurance Could Adversely Affect the Company’s Financial Results and Financial Condition The Company faces potential liability for personal injury or death as a result of the failure of products designed or manufactured by the Company
Although the Company maintains product liability insurance, any material product liability not covered by insurance could have a material adverse effect on the Company’s financial condition, results of operations and cash flows
Damage or Destruction of the Company’s Facilities Caused by Earthquake or Other Causes Could Adversely Affect the Company’s Financial Results and Financial Condition Although the Company maintains standard property casualty insurance covering its properties, the Company does not carry any earthquake insurance because of the cost of such insurance
Most of the Company’s properties are located in Southern California, an area subject 12 ______________________________________________________________________ [13]Table of Contents to frequent and sometimes severe earthquake activity
Even if covered by insurance, any significant damage or destruction of the Company’s facilities could result in the inability to meet customer delivery schedules and may result in the loss of customers and significant additional costs to the Company
As a result, any significant damage or destruction of the Company’s properties could have a material adverse effect on the Company’s business, financial condition or results of operations