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MIRA INFORM REPORT
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Report No. : |
489099 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CHRISTIE DIGITAL SYSTEMS USA, INC |
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Registered Office : |
2710 Gateway Oaks Drive, Suite
150N, Sacramento, CA, 95833 |
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Country : |
United states |
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Date of Incorporation : |
1929 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufactures visual, audio, and collaboration solutions for clients in
business, entertainment, and industrial sectors. |
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No. of Employees : |
210 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 $57,300. 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 nearly 55% 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, making this 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 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 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, 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 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%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. 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 US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
CHRISTIE DIGITAL SYSTEMS USA, INC. |
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Trade Names: |
CHRISTIE DIGITAL SYSTEMS USA, INC. |
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ID: |
C1703406 |
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Date Created: |
1929 |
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Date Incorporated: |
02/24/1992 |
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Legal Address: |
2710 Gateway Oaks Drive, Suite
150N, Sacramento, CA, 95833, USA |
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Operative Address: |
10550 CAMDEN DRIVE CYPRESS CA 90630, USA |
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Telephone: |
714-236-8610 |
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Fax: |
714-503-3375 |
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Legal Form: |
CORPORATION |
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Email: |
- |
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Registered in: |
CALIFORNIA |
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Website: |
www.christiedigital.com |
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Contact: |
Mr. Jack Kline - Chairman, Chief Executive Officer and President |
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Staff: |
210 |
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Activity: |
NAICS 1: Photographic Equipment and Supplies Merchant Wholesalers SIC 1: Projection Apparatus, Motion Picture And Slide |
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Banks: |
BANK OF AMERICA |
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History: |
The company was founded in 1929 and is based in Cypress, California. In
1999, Christie acquired Electrohome Projection Systems – an international
manufacturer of commercial projection systems –.In 2003, Christie purchased
Event Audio Visual Group, Inc., which is now operating as Nationwide
Wholesale Video, Inc. (Nationwide Video). Nationwide Video is a trusted
provider of subrental AV equipment and services for Pro AV and event rental
and staging companies across North America. In 2007, Christie acquired Vista Controls Systems, Corp. (Vista),
makers of the Vista Spyder video processor, helping Christie expand its
offering in real-time windowing solutions for dynamic visual effects. In 2009, Christie launched the Christie MicroTiles® digital display
system, which can be stacked to form any shape or size. Christie also entered the medical imaging market in 2009 and now
operates a medical imaging device business under Christie Medical Holdings,
Inc. The company's market-leading product, VeinViewer®, is a mobile
vascular imaging system that allows health care providers to clearly see
accessible vasculature as a real-time HD image, directly on the surface of
the skin. More recently in 2013, the company introduced Christie Vive Audio™, a
complete cinema audio solution as well as Christie Brio, a presentation and
collaboration solution that allows users to simultaneously share
presentations, video and other media in real-time. In 2014, it acquired Arsenal Media Inc. – now Christie 360 – a digital
signage agency specializing in experiential installations and interactive
content. 2015 saw Allure Global Solutions, Inc. welcomed into the Christie
fold. Known for its innovative digital media and POS solutions, the
acquisition deepens Christie’s digital signage offerings for theatre,
restaurant, convenience store, theme park and retail spaces. |
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Parent Company: |
Christie Digital Systems USA, Inc. operates as a subsidiary of: Christie Digital Systems, Inc. 10550 Camden Dr Cypress, CA, USA |
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Key Developments: |
Christie Digital Systems USA, Inc. launches new access series of LCD
Panels Jun 15 17 Christie Digital Systems USA, Inc. launched new access series of LCD
Panels. Available in 55, 65, 75 and 86 in. models, Christie LCD Panels
feature UHD resolution and USB playback in flexible and reliable package.
Offering portrait and landscape mode, unit is suitable for hotel lobbies,
airport terminals, control rooms and meeting rooms. Product comes with
optional touch overlay. Four new models deliver commercial-grade quality at
consumer-based pricing Providing commercial-grade quality at consumer-based
pricing, the new Christie® Access Series of LCD panels feature UHD resolution
and USB playback in a flexible and reliable package. Debuting at InfoComm
2017 in Orlando, Fla., June 14-16, perfect for meeting rooms and retail
applications, all four panels feature an OPS slot and with the optional touch
overlay, the Access Series provides an interactive solution for dynamic
presentations in meeting rooms, higher education or engaging retail
applications such as menu boards. The Christie Access Series includes 55 and
65-inch models designed for 16/7 operation. For customers looking for a
larger display, both portrait and landscape mode, and 24/7 run times,
Christie Access Series offers 75 and 86-inch models, which are perfect for
high-use settings like hotel lobbies, airport terminals, and mission-critical
environments such as control rooms. Clark Williams Appoints as Executive Vice President for Christie to
Head New Content Management and Processing Group Oct 22 16 Christie announced that Clark Williams has been appointed Executive
Vice President in charge of a new Christie team, Content Management and
Processing (CMP). Building on the product and customer successes of Christies
content management and image processing portfolios, CMP will unite Christies
engineering and product management resources associated with its content
management and processing products including Christie Spyder, Christie
Phoenix, Christie Brio and Christie Pandoras Box under one team. The new team
will deliver enhanced focus and alignment of Christies considerable human
resources and capital investments associated with content management and
processing, to meet growing customer needs and expectations for unified,
application-specific solutions. CMP engineering and product management staff
in Kitchener, Ontario; Phoenix, Arizona and Cologne, Germany will be led by
Williams, who is re-joining Christie following a successful consulting
period. Prior to that, he was president of Vista Controls Systems, which was
acquired by Christie in 2007 and which Williams headed for several years at
Christie. Also part of Williamss team is Victor Vettorello, who is well-known
to the market for his tenures at Christie and Vista Controls Systems. He
rejoins Christie as Senior Applications Specialist for the upcoming Christie
Spyder X80 debut. Christie Announces New Christie LW502 and Christie LWU502 Jun 7 16 Christie announced that new Christie AP Series of 3LCD projectors deliver
5000 ANSI lumens in a compact and very affordable package. Both the Christie
LW502 and Christie LWU502 deliver the Christie performance standard and
HDBaseT (HDBT) single-cable connectivity for both digital signal and control.
With the LW502 delivering 5,000:1 and LWU502 offering up to 10,000:1 contrast
ratio, images are crisp and clear, ensuring impactful, worry-free
presentations. The projectors were specifically designed for easy
installation – ideal for classrooms and meeting spaces - with each model
offering up to 6,000 hours lamp-life and integrated audio. Christie AP Series
also includes edge blending, warping, DICOM simulation and an optional
wireless adapter for connecting wirelessly to a LAN and showing presentations
from a remote computer. Featuring a comprehensive list of I/O connections,
the Christie AP Series manages a variety of integration environments and
content sources. The Christie LW502 and Christie LWU502 ship in the summer of
2016, backed by a three-year warranty and Christie’s customer support. |
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PRINCIPAL
ACTIVITY
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Christie Digital Systems USA, Inc. manufactures visual, audio, and
collaboration solutions for clients in business, entertainment, and
industrial sectors. |
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Products/Services description: |
It offers 3D and advanced visualization products, such as 3D
stereoscopic projectors and image processors, and quad HD discrete LCD flat
panels; products for business and large screen applications, including
projectors, LCD panels, presentation and collaboration systems, image
processors, and routers; digital cinema products, such as digital cinema
projectors and audio speakers, digital cinema audio amplifiers, integrated
media blocks, theater management systems, and cinema lamps; and digital
signage display solutions for commercial and public areas. The company also
provides VeinViewer, a direct projection vascular imaging device; simulation
projectors; and video wall display equipment comprising video wall display
cubes, rear screen video wall projectors, accessories, and video wall
controllers and processors. In addition, it offers solutions in the areas of
3D, entertainment, media, business and corporate AV, medical, government,
cinema, simulation, houses of worship, design and architecture, entertainment,
video walls, education and training, and live events. Further, the company
provides creative strategy and content creation, system design and
deployment, consultation, installation, project management, remote
monitoring, onsite service and maintenance, and system training services. |
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Brands: |
CHRISTIE DIGITAL SYSTEMS |
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Sales are: |
Wholesale |
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Clients: |
Christie Digital Systems Mexico S De Rl De Cv Cocolab International S.A. De C.V. Tenedora de Cines SA de CV Grupo Corvi Supercines S.A. Cine Colombia S.A. |
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Suppliers: |
Ushio Inc. Christie Digitalsystems Shanghai Co Ltd |
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Operations area: |
National and International |
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The company imports from |
JAPAN CHINA |
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The company exports to |
MEXICO ECUADOR COLOMBIA |
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The subject employs |
210 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
10550 CAMDEN DRIVE CYPRESS CA 90630, USA |
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Comments on Address: |
This business is located at 10550 Camden Dr, a commercial address
in Cypress, CA. The industrial property was last sold on September 12, 1990
for $3.71 million USD. The industrial property has an estimated value of $5.91
million USD, which is 304% higher than the $1,462,740 United States dollars’
average for industrial properties in the area. When the building was last
assessed in 2012, the assessment value was $5.88 million USD. |
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Branches: |
Christie Digital Systems Usa, Inc. (Branch Location) 2001 W Melinda Ln Phoenix, Arizona 85027-2623 United States Christie Digital Systems Usa, Inc. (Branch Location) 210 Catalina Isle Dr Merritt Island, Florida 32953-3246 United States |
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Related Companies: |
Sister Companies: USHIO LIGHTING, INC. XEBEX INC. NIHON DENSHI GIJUTSU CO., LTD. ADTEC Engineering Co., Ltd. PROTOSERA INC. USHIO OPTO SEMICONDUCTORS, INC. USHIO AMERICA, INC. CHRISTIE DIGITAL SYSTEMS CANADA INC CHRISTIE MEDICAL HOLDINGS, INC. NECSEL INTELLECTUAL PROPERTY, INC. USHIO EUROPE B.V. USHIO FRANCE S.A.R.L. USHIO DEUTSCHLAND GmbH USHIO U.K., LTD. BLV Licht‒ und Vakuumtechnik GmbH NATRIUM Sp. zo.o. USHIO HONG KONG LTD. USHIO TAIWAN, INC. USHIO PHILIPPINES, INC. USHIO (SUZHOU) CO., LTD. USHIO ASIA PACIFIC PTE. LTD. USHIO KOREA, INC. USHIO SHANGHAI, INC. |
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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: |
Christie Digital Systems USA, Inc. operates as a subsidiary: USHIO INC. 6-1 Ohtemachi 2-chome, Tokyo 100-8150, Japan |
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Management: |
Mr. Jack Kline - Chairman, Chief Executive Officer and President Mr. Takeshi Suzuki - Chief Financial Officer and Secretary Mr. Ihor Stech - Executive Vice President of Operations Mr. Kenji Hamashima - Chairman & CEO & President of Christie
Digital Systems Inc Mr. Gerry Remers - President of Christie Digital Systems Canada, Inc
and Chief Operating Officer of Christie Digital Systems Canada, Inc |
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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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Revenue |
130.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Method and system for digital light processing projection using pulsed
lamps Patent number: 8371702 Abstract: A method of operating an AC mercury lamp and DMD (Digital
Micromirror Device) in a projection system, comprising receiving a periodic
video frame pulse signal, switching the DMD between successive on and off
states during each period of the frame pulse signal, wherein each off state
results in a dark interval, and driving the lamp with a signal that is
synchronized to the video frame pulse signal so as to alternate between a
maintenance pulse level during at least a portion of the dark interval and a
plateau level during the on state of the DMD. Type: Grant Filed: September 22, 2009 Date of Patent: February 12, 2013 Assignee: Christie Digital Systems USA, Inc. Inventor: James B. Macpherson Motorized adjustable convergence mechanism for projection displays Patent number: 8167433 Abstract: A light engine for use in a projector, comprising a
motorized adjustable convergence mechanism for fine adjusting the relative
positions of red, green and blue channel sub-assemblies. Motors are mounted
on fixed elements of the sub-assemblies for driving movable elements thereof,
including imaging devices thereof such as digital micromirror devices. Type: Grant Filed: July 23, 2009 Date of Patent: May 1, 2012 Assignee: Christie Digital Systems USA, Inc. Inventor: Guo Qing He THERMAL ACTUATOR FOR CONFIGURABLE IMAGING SYSTEMS Publication number: 20110279352 Abstract: For use in an imaging system having a plurality of adjacent
display units, the improvement comprising a thermal actuator in at least one
of the display units for moving a screen thereof away from a chassis thereof
when the said display unit exceeds a predetermined temperature, so as to
prevent mechanical interference between the adjacent display units. Type: Application Filed: May 17, 2010 Publication date: November 17, 2011 Applicant: CHRISTIE DIGITAL SYSTEMS USA, INC. Inventors: Dan Adema, Bryan Hemphill, Les Hirst |
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GOVERNMENT CONTRACTS |
Government Contractor: CHRISTIE DIGITAL SYSTEMS USA INC Name & Address: 10550 CAMDEN DRIVE CYPRESS, CA 90630-4600 Number of Defense Contracts Awarded :14 Dollar Amount of Defense Contracts Awarded: $1,740,095 Government Contractor: CHRISTIE DIGITAL SYSTEMS USA INC Name & Address: 10550 CAMDEN DRIVE CYPRESS, CA 90630-4600 Number of Defense Contracts Awarded :68 Dollar Amount of Defense Contracts Awarded:$4,414,468 |
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CASES |
Allen Video Technology, Inc. v. Christie Digital Systems USA, Inc. Plaintiff: Allen Video Technology, Inc. Defendant: Christie Digital Systems USA, Inc. Case Number: 1:2015cv00426 Filed: February 12, 2015 Court: Maryland District Court Office: Baltimore Office County: Harford Presiding Judge: George Jarrod Hazel Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff CHRISTIE DIGITAL SYSTEMS USA, INC. v. EMPIRE CINEPLEX, INC. Plaintiff: CHRISTIE DIGITAL SYSTEMS USA, INC. Defendant: EMPIRE CINEPLEX, INC. Case Number: 2:2016cv00008 Filed: January 3, 2016 Court: New Jersey District Court Office: Newark Office County: Hudson Presiding Judge: Madeline C. Arleo Referring Judge: Michael A. Hammer Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None CHRISTIE DIGITAL SYSTEMS USA, INC. v. CINEMA HOLDINGS GROUP, LLC Plaintiff: CHRISTIE DIGITAL SYSTEMS USA, INC. Defendant: CINEMA HOLDINGS GROUP, LLC Case Number: 2:2016cv00003 Filed: January 3, 2016 Court: New Jersey District Court Office: Newark Office County: Hudson Presiding Judge: Madeline C. Arleo Referring Judge: Michael A. Hammer Nature of Suit: Other Contract Cause of Action: 28:1332 Jury Demanded By: None |
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TRADEMARKS |
CHRISTIE ARC LAMPS AND POWER SUPPLIES, IGNITERS AND ILLUMINATORS FOR ARC LAMPS,
INCLUDING HOUSINGS AND OPTICS Owned by: CHRISTIE DIGITAL SYSTEMS USA INC Serial Number: 72347715 CHRISTIE MOTION PICTURE PROJECTORS Owned by: CHRISTIE DIGITAL SYSTEMS USA INC Serial Number: 73279603 MINIWIND Automatic Film Winders for Cinematographic Film Owned by: CHRISTIE DIGITAL SYSTEMS USA INC Serial Number: 73506308 SOLARIA Digital cinema projectors Owned by: CHRISTIE DIGITAL SYSTEMS USA INC Serial Number: 77762199 |
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RENEWAL HISTORY |
Document Type File Date SI-COMPLETE 12/20/2017 SI-COMPLETE 12/30/2016 MERGER 12/29/2014 MERGER 04/01/2001 AMENDMENT 04/02/1992 REGISTRATION 02/24/1992 |
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UCC |
No 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 1929, Christie Digital Systems Usa, Inc. is a mid-sized
organization in the photographic equipment and supplies wholesale company’s
industry located in Cypress, CA. It has 210 full time employees and generates an estimated $130 million
in annual revenue. The company operates nationally and internationally, mainly importing
from 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 |
Amy |
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POSITION |
Operator |
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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 President. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.75 |
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|
1 |
INR 89.39 |
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Euro |
1 |
INR 78.54 |
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USD |
1 |
INR 63.58 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
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.