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MIRA INFORM REPORT
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Report No. : |
501970 |
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Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NLIGHT, INC. |
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Registered Office : |
Corporation Service Company 251 Little Falls Drive Wilmington, New
Castle De 19808 USA |
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Country : |
United States |
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Financials (as on) : |
2016 (summarized) |
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Date of Incorporation : |
27.07.2000 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is engaged in develops, manufactures, and supplies direct
diode and fiber lasers based on semiconductor laser and optical fiber
technology for materials processing, defense, and medical applications to customers
in the United States and internationally. |
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No. of Employees : |
487 |
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 : |
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 |
NLIGHT, INC. |
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Trade Name |
Nlight |
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ID |
ID |
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ID Details |
3266437 |
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Creation Date |
2000 |
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Incorporation Date |
7/27/2000 |
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Legal Address |
CORPORATION SERVICE COMPANY 251 LITTLE FALLS DRIVE
WILMINGTON, New Castle DE 19808 USA |
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Operative Address |
5408 NE 88th Street Building E Vancouver, WA 98665
United States |
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Telephone |
360-566-4460 |
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Fax |
360-546-1960 |
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Legal Form |
CORPORATION |
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E-Mail |
sales@nlight.net |
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Registered In |
DELAWARE |
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Website |
www.nlight.net |
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Contact |
Scott Keeney, Co-Founder, Chairman, Chief Executive
Officer & President |
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Staff |
487 |
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Activity |
Semiconductor & Other Electronic Component
Manufacturing / Electrical Products Manufacturing |
Banks
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There are not informed banks |
History
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History |
The company was founded in 2000. |
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Key Developments |
Ran Bareket Joins
nLIGHT, Inc. as Vice President and Chief Financial Officer Jan 4 18 nLIGHT,
Inc. announced the appointment of Ran Bareket as vice president and chief financial
officer effective immediately. Bareket joins nLIGHT from Orbotech and brings
extensive background in corporate finance, treasury, financial planning,
investor relations and strategic planning. Gary Locke Joins nLIGHT, Inc.'s
Board of Directors Aug 23 17 nLIGHT, Inc. announced the appointment of Gary
Locke to its board of directors effective immediately. The experience that
Locke brings will help nLIGHT continuing its growth and expansion, including
the addition of key manufacturing jobs at its locations in Vancouver,
Washington, and Hillsboro, Oregon. From 2009 to 2011, Locke served as
Secretary of Commerce of the United States where he led export control reform
effort that both strengthened national security and eased licensing burdens
for high-tech exports to partners, allowing U.S. companies to be more
competitive in the global market. nLIGHT, Inc. Presents at Stifel 2017
Technology, Internet & Media Conference, Jun-06-2017 10:20 AM Jun 4 17
nLIGHT, Inc. Presents at Stifel 2017 Technology, Internet & Media
Conference, Jun-06-2017 10:20 AM. Venue: Fairmont San Francisco, 950 Mason
Street, San Francisco, California, United States. |
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Parent Company |
NA |
Principal
Activity
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General Description |
nLIGHT, Inc. develops,
manufactures, and supplies direct diode and fiber lasers based on
semiconductor laser and optical fiber technology for materials processing,
defense, and medical applications to customers in the United States and
internationally. |
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Service/Product Description |
nLight specializes
in diode laser components and systems, fiber laser components and systems,
and optical fibers. Their key markets include materials processing, consumer electronics,
and medical and military applications. It also offers optical fibers and
marking lasers. nLIGHT, Inc. |
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Sales |
Wholesale |
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Operations Area |
National and International |
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Export To |
Russia |
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Employees |
487 |
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Payments With Suppliers |
Regular |
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Location
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Headquarters |
5408 NE 88th Street Building E Vancouver, WA 98665
United States |
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Branches |
nLIGHT, Inc., Hillsboro 20795 NW Cornell Road Suite 600 Hillsboro, OR 97124 ISO9001 Certificate +1 503 629 6228 sales@nlight.net |
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Industries |
NA |
Group
Structure and Subdiary Companies
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Listed at the stock exchange |
NO |
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Capital |
NA |
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Shareholders (%) |
This is a private company. The company does not disclose
information on shareholders. The following information has been obtained
through private sources and could not be confirmed: Major holders are Scott Keeney and Jason Farmer. |
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Management |
Scott Keeney, Co-Founder, Chairman, Chief Executive
Officer & President Jason Farmer, Co-Founder Ran Bareket, Vice President & Chief Financial
Offier Robert Martinsen, Chief Technology Officer and Vice
President Frank Pfeffer, Managing Director of Industrial Laser
Systems |
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Subsidiary Companies |
NA |
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Related Companies |
China nLIGHT China 3000 Longdong Avenue, Building #5 Suite 519 Shanghai, China 201203 ISO9001 Certificate +86 21 6879 9188 china.sales@nlight.net Finland nLIGHT Finland Sorronrinne 9 08500 Lohja Finland ISO9001 Certificate +1 301 706 0315 fiber.sales@nlight.net Korea (South) nLIGHT Korea, Inc. #1904, Daerung Techno Town15 224-5, Gwanyang-Dong, Dongan-Gu, Anyang-si, Gyeonggi-Do, Korea South Korea +82 31 426 7737 korea.sales@nlight.net Local Sales Offices Asia & Pacific Australia Lastek Pty Ltd +61 8 8443 8668 jonathan@lastek.com.au http://www.lastek.com.au China LUSTER LightTech Group +86 10 5234 8600 sales-wave@lusterinc.com http://www.lusterinc.com India Dynotech Instruments (P) Ltd +91 11 41022499 sales@dynotech.in http://www.dynotech.in Japan Marubun Corporation takahiro_akimoto@marubun.co.jp http://www.marubun.co.jp Singapore Acexon Technologies Pte LTD 65-65657300 lawrence.chua@acexon.com www.acexon.com Taiwan SUPERBIN +886-2-2657-0678 info@superbin.com.tw http://www.superbin.com.tw/ Eastern Europe GEHT International Ltd. +358 400 788190 sales@gehtinternational.com http://www.gehtinternational.com Israel Bi-Pol 972-(0)525877759 evyatar@bi-pol.com http://www.bi-pol.com/ Lahat Technologies Ltd. +972-9-76-46-200 Sales@lahat.com http://www.lahat.com/ Turkey Sezgin Lazer Makine (SLM) +90 224 211 70 00 fatih.sezgin@slm.com.tr http://www.slm.com.tr Europe Germany OPTOPRIM Germany +49 89 80076252 info@optoprim.de http://www.optoprim.de France OPTOPRIM France +33 1 41906180 info@optoprim.com http://www.optoprim.com Italy OPTOPRIM Italy +39 39 834 977 info@optoprim.it http://www.optoprim.it United Kingdom Laser Lines Ltd +44 129 5672 500 info@laserlines.co.uk http://www.laserlines.co.uk Nordic Countries GEHT International Ltd. +358 400 788190 sales@gehtinternational.com http://www.gehtinternational.com |
Financial
Information
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General Description |
The company does not make its financial statements public.
The following information has been provided by private sources. |
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Year/Currency |
2016 USD |
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Sales |
200,000,000 |
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Money Flow |
Normal |
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Legal
Filings
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Lawsuits |
No found |
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Trademarks |
nLIGHT, Inc. Trademarks CORONA Fiber laser apparatus; fiber-coupled laser apparatus;
fiber laser apparatus with variable optical beam characteristics;… Owned by: nLIGHT, Inc. Serial Number: 87755545 |
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Patents Registered |
SPECTRALLY MULTIPLEXING DIODE PUMP MODULES TO
IMPROVE BRIGHTNESS Publication number: 20170271837 Abstract: A method of spectrally multiplexing diode
pump modules to increase brightness includes generating one or more pump
beams from respective diode lasers at a first wavelength in a diode laser
package, generating one or more pump beams from respective diode lasers at a
second wavelength different from the first wavelength in the diode laser
package, wavelength combining at least one of the pump beams at the first
wavelength with at least one of the pump beams at the second wavelength to
form one or more combined pump beams, and receiving the combined pump beams
in a pump fiber coupled to the diode laser package. Laser systems can include
multi-wavelength pump modules and a gain fiber having a core actively doped
so as to have an absorption spectrum corresponding to the multiple
wavelength, the gain fiber situated to receive the pump light and to produce
an output beam at an output wavelength. Type: Application Filed: March 17, 2017 Publication date: September 21, 2017 Applicant: nLIGHT, Inc. Inventors: David Martin Hemenway, David C. Dawson,
Wolfram Urbanek, Roger L. Farrow, Dahv A.V. Kliner PASSIVELY ALIGNED SINGLE ELEMENT TELESCOPE FOR
IMPROVED PACKAGE BRIGHTNESS Publication number: 20170235057 Abstract: Beam compressors include separated
surfaces having positive and negative optical powers. A surface spacing is
selected so that a collimated beam input to the beam compressor is output as
a collimated beam. In some examples, beam compressors are situated to
compress a laser beam stack that includes beams associated with a plurality
of laser diodes. Beam compression ratios are typically selected so that a
compressed beam stack focused into an optical waveguide has a numerical
aperture corresponding to the numerical aperture of the optical waveguide. Type: Application Filed: February 16, 2017 Publication date: August 17, 2017 Applicant: nLIGHT, Inc. Inventors: David Martin Hemenway, David C. Dawson,
Wolfram Urbanek PASSIVELY ALIGNED CROSSED-CYLINDER OBJECTIVE
ASSEMBLY Publication number: 20160334588 Abstract: A cross-cylinder objective assembly
includes a fast axis objective (FAO) situated along an optical axis for
focusing an incident laser beam along a fast axis, a slow axis objective
(SAO) situated along the optical axis for focusing the incident laser beam
along a slow axis, and a lens cell having fast and slow axis objective
receiving portions for registering the FAO and SAO at a predetermined spacing
along the optical axis. Type: Application Filed: May 13, 2016 Publication date: November 17, 2016 Applicant: nLIGHT, Inc. Inventors: David Martin Hemenway, Aaron Brown, David
C. Dawson, Kylan Hoener, Shelly Lin, Wolfram Urbanek |
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UCC (Uniform Commercial Code) |
2017-123-6812-3 Pacific Office Automation Initial 05/03/2017 05/03/2022 |
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OFAC Sanctions List Search |
The Company is not listed in the OFAC list |
Summary
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Summary |
nLIGHT, Inc. develops, manufactures, and supplies
direct diode and fiber lasers based on semiconductor laser and optical fiber technology
for materials processing, defense, and medical applications to customers in
the United States and internationally. The company was founded in 2000, with a medium sized
structure. It mainly exports to Russia and shows no import
records. It is ACTIVE in DELAWARE 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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State |
ACTIVE |
Interview
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First Name |
Dan |
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Position |
Assistant |
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Comments |
He confirmed name, Management, estimated staff,
experience and related companies. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.98 |
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1 |
INR 90.95 |
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Euro |
1 |
INR 79.51 |
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United States |
1 |
INR 64.92 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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Report Prepared
by : |
DNS |
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.