MIRA INFORM REPORT

 

 

Report Date :           

15.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

NLIGHT PHOTONICS CORPORATION

 

 

Registered Office :

2711 Centerville Road Suite 400, Wilmington, New Castle, De 19808

 

 

Country :

United States 

 

 

Date of Incorporation :

27.07.2000

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

The company designs, manufactures, and supplies semiconductor lasers and fibers for industrial, material processing, medical, defense, and consumer applications

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D


GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Nlight Corporation

Address in the order:

5408 NE 88th St., Bldg. E, Van Couver WA 98665

 

 

Legal Name:

NLIGHT PHOTONICS CORPORATION

 

 

Legal Address

2711 Centerville Road Suite 400, Wilmington, New Castle, De 19808, USA (incorporators)

Operative Address

5408 NE 88th Street, Building E, Vancouver WA 98665, USA (headquarters)

Telephone:

(360) 566-4460

ID :

3266437

Fax:

(360) 546-1960

Legal Form:

Corporation for Profit

Email:

Sales@nLIGHT.net

Registered in:

Delaware

Website:

http://www.nlight.net/

Date Created:

2000

Manager:

Scott Keeney,  Chief Executive Officer and President

Date Incorporated:

July 27th, 2000

Staff:

200

Stock:

NA

 

 

Value:

NA

Activity:

The company designs, manufactures, and supplies semiconductor lasers and fibers for industrial, material processing, medical, defense, and consumer applications.

 

 

BANKS

 

Name of the Bank

SILICON VALLEY BANK

Location                                   

3003 TASMAN DR SANTA CLARA  CA   95054- 1191

 

 


BUSINESS

 

HISTORY

 

The company was founded in the year 2000.

PRINCIPAL ACTIVITY

 

The company designs, manufactures, and supplies semiconductor lasers and fibers for industrial, material processing, medical, defense, and consumer applications.

Products/Services description:

 

It offers diode products, such as fiber-coupled modules, single emitter diode laser devices, conduction cooled diode laser bars, micro-channel cooled diode laser bars, and diode laser products. The company also provides fiber products, including active and passive fibers, fiber components, and optical engine modules for fiber amplifiers and lasers, as well as an application designer that allows simulations for performance evaluation for fiber based lasers, amplifiers, and amplified spontaneous emission sources.

 

The company`s manufacturing facilities are certified in accordance with the internationally valid standard ISO 9001:2008.

 

The company was incorporated in Delaware due to tax purposes, however, it is headquartered in Washington.

Sales are:

 

Wholesale

Operations area:

 

National, International

The company export to worldwide, depending on the demand

The subject employs 200 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The legal address of the company is that of the registrant officer: 2711 Centerville Road Suite 400, Wilmington, New Castle, De 19808, USA.

 

However, it is headquartered at 5408 NE 88TH ST STE E, Vancouver, Washington 98665, USA.

Branches:

 

20795 NW Cornell Rd. Ste #600 Hillsboro, OR 97124, USA.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held by Mohr Davidow Ventures, Oak Investment Partners, Menlo Ventures and Adams Capital Management.

Management:

 

Mr. Scott Keeney, Chief Executive Officer and President

Mr. Jason Farmer, Co-founder and Chief Technology Officer

Mr. David Schaezler, Vice President of Finance & Accounting

Mr. Jim Haden, Chief Operating Officer

Mr. Frank Pfeffer, Managing Director of Industrial Laser Systems

 

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company,  that refused to provide us any financial data without knowing the name of the inquiring party.

Legal Fillings

 There are 12 UCC** files listed with the Secretary of State of Delaware.

 

There are no legal filings listed with the District Court.

 

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

 

 

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

 

Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

This is a medium sized US company, with 200 employees and 10 years of experience in the market.

 

As we could not obtain any financial figure for the year 2009, we strongly suggest working with GUARANTEES.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Operator

Comments

 

The person contacted refused to provide any kind of information.

 




 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.