MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	485988
Report Date :	16.01.2018

IDENTIFICATION DETAILS

Name :	OZ OPTICS LIMITED

Registered Office :	219 Westbrook Rd Ottawa , Ontario ,K0A 1L0,Canada

Country :	Canada

Date of Incorporation :	1985

Legal Form :	Corporation

Line of Business :	Subject is engages in the design, manufacture, and supply of fiber optic sensors, components, and test equipment for telecommunication, medical, military, and academic industries.

No. of Employees :	165

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Canada

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

CANADA - ECONOMIC OVERVIEW

Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest oil producer.

The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canada’s exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.

Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices in 2014, Canada has achieved modest economic growth

Source : CIA

STATUTORY INFORMATION
Legal Name:	OZ Optics Limited
Trade Names:	OZ Optics Ltd.
ID:	797706-9
Date Created:	1985
Date Incorporated:	2014-09-16
Legal Address:	219 Westbrook Rd Ottawa , Ontario K0A 1L0,Canada
Operative Address:	219 Westbrook Rd Ottawa , Ontario K0A 1L0,Canada
Telephone:	(613) 831-0981
Fax:	(613) 836-5089
Legal Form:	CORPORATION
Email:	sales@ozoptics.com
Registered in:	CANADA
Website:	www.ozoptics.com
Contact:	Mr. Ömür Sezerman - Founder, Chairman, Chief Executive Officer and President
Staff:	165
Activity:	NAICS 1: Optical Instrument and Lens Manufacturing NAICS 2: Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals SIC 1: Optical Instruments And Lenses, Nec SIC 2: Test Equipment For Electronic And Electrical Circuits


Banks:	The company does not disclose its banking details.

History:	OZ Optics Limited was founded in 1985 and is based in Ottawa, Canada.

Key Developments:	OZ Optics Limited Presents at Canadian Utilities Information & Communications Technology Conference 2016, Sep-23-2016 09:45 AM Sep 16 16 OZ Optics Limited Presents at Canadian Utilities Information & Communications Technology Conference 2016, Sep-23-2016 09:45 AM. Venue: Toronto, Ontario, Canada. Speakers: Lufan Zou, Technical Director.

PRINCIPAL ACTIVITY
	OZ Optics Limited engages in the design, manufacture, and supply of fiber optic sensors, components, and test equipment for telecommunication, medical, military, and academic industries.
Products/Services description:	It offers fiber optic attenuators, including MEMS attenuators, reflective style motor driven attenuators, digital variable attenuators, PM or SM fiber pigtailed inline variable attenuators, single/multi-channel miniature variable attenuators, reflective style variable attenuators, air gap variable attenuators, plug type fixed attenuators, and attenuating fiber patchcords; laser to fiber couplers, laser diode sources, collimators/focusers, WDM/RGB combiners, optical delay lines, high power patchcords, fiber optic vacuum feedthroughs, bulkhead receptacles, and OEM laser diode to fiber couplers; and fiber optic distributed strain and temperature sensors, high power fiber optic components, high power/temperature patchcords/connectors, polarization maintaining and single mode fiber optic switches, high power shutters/safety interlocks, mode field adaptors, ultra narrow width stable laser sources, ultra stable laser modules, and fiber optic fault finders.
Brands:	OZ OPTICS
Sales are:	Wholesale
Clients:	Univd De Guanajuato Cent De Investig Cientif Y De Educ Sup De Ensenada Edo De Bc
Suppliers:	Zhejiang Oz Optics Technologies
Operations area:	National and International
The company imports from	CHINA
The company exports to	MEXICO
The subject employs	165 employees
Payments:	Regular


LOCATION
Headquarters :	219 Westbrook Rd Ottawa , Ontario K0A 1L0,Canada
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	Oz Optics, Inc. 2761 Curry St Pleasanton, California 94588-8434 United States Oz Optics Optik Ticaret A S Ege Serbest Bolgesi, 144-1 Akcay Caddesi Izmir, 35410 Turkey


GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. The major holder is: Mr. Ömür Sezerman.
Management:	Mr. Ömür Sezerman - Founder, Chairman, Chief Executive Officer and President Ms. Zahide Sezerman - Vice President of Human Resources Mr. Garland Best - Vice President of Components and Director Mr. Gordon Youle - Vice President of Test Equipment

FINANCIAL INFORMATION
	The company does not make its financial statements public. The following information has been provided by private sources:

USD 2016
Revenue	16.500.000
Cash flow	Normal

LEGAL FILINGS

PATENTS	Stress relief in fibre optic arrays Publication number: 20050213922 Abstract: A mechanism for achieving symmetrical stress loads on operating optical fibers (16) held in fibre optic arrays includes, in one embodiment, the provision of a pair of non-operating or dummy fibres(26), each located outboard of the outermost or curb fibres(16?) of the array. All of the fibres, whether operating or dummy, are held in corresponding grooves (18, 24) in a substrate (12). A cover plate (14) may be positioned thereover while a low stress glue or potting compound (22) is introduced or applied so as to completely encapsulate the fibres. The glue or potting compound will symmetrically surround all of the operating fibres whereby not only any inboard operating fibres (16?), but also the outboard operating curb fibres (16?), are symmetrically encapsulated. In this manner all of the operating fibres are subject to the same stresses and consequently will exhibit essentially the same polarization maintaining behavior. Type: Application Filed: February 15, 2005 Publication date: September 29, 2005 Applicant: Oz Optics Limited Inventors: Omur Sezerman, Nasser Aghdam, Thoba Nguyen, H. Rock Stress relief in fibre optic arrays Patent number: 7058275 Abstract: A mechanism for achieving symmetrical stress loads on operating optical fibers (16) held in fiber optic arrays includes, in one embodiment, the provision of a pair of non-operating or dummy fibers(26), each located outboard of the outermost or curb fibers(16?) of the array. All of the fibers, whether operating or dummy, are held in corresponding grooves (18, 24) in a substrate (12). A cover plate (14) may be positioned thereover while a low stress glue or potting compound (22) is introduced or applied so as to completely encapsulate the fibers. The glue or potting compound will symmetrically surround all of the operating fibers whereby not only any inboard operating fibers (16?), but also the outboard operating curb fibers (16?), are symmetrically encapsulated. In this manner all of the operating fibers are subject to the same stresses and consequently will exhibit essentially the same polarization maintaining behavior. Type: Grant Filed: February 15, 2005 Date of Patent: June 6, 2006 Assignee: Oz Optics Limited Inventors: Omur Sezerman, Nasser Y. Aghdam, Thoba Nguyen, H. Wayne Rock

GOVERNMENT CONTRACTS	Government Contractor: OZ OPTICS LIMITED Name & Address: 219 WESTBROOK RD CARP, ON K0A 1L0 Number of Defense Contracts Awarded : 39 Dollar Amount of Defense Contracts Awarded: $510,801

CASES	1. OZ Optics Ltd. v. Marlot, 2003 CanLII 30400 (ON LRB) — 2003-11-24 Ontario Labour Relations Board — Ontario adjourns — settlement agreement — application for review — whichever — die 2. OZ Optics Ltd. v. Sanftenberg, 2005 CanLII 40370 (ON SC) — 2005-10-31 Superior Court of Justice — Ontario redeemable preferred shares — company — assets — liabilities — million 3. Moritex Europe Ltd. v. Oz Optics Ltd., 2005 CanLII 36046 (ON SC) — 2005-10-03 Superior Court of Justice — Ontario email — machine — genuine — buyer — fiber 4. Moritex Europe Ltd. v. Oz Optics Ltd., 2005 CanLII 47730 (ON SC) — 2005-12-22 Superior Court of Justice — Ontario conversion date — currency — funds — prejudgment interest — payment 5. Oz Optics Ltd. v. Dimensional Communications Inc., 2005 CanLII 23809 (ON CA) — 2005-07-07 Court of Appeal for Ontario — Ontario recoupment — booth — integral — possession — excellent 6. OZ Optics Ltd. v. Timbercon Inc., 2006 CanLII 1674 (ON SC) — 2006-01-25 Superior Court of Justice — Ontario answers — motion — undertakings — costs — indemnity 7. OZ Optics Ltd. v. Dimensional Communications Inc., 2004 CanLII 35937 (ON SC) — 2004-11-05 Superior Court of Justice — Ontario trade show booth — recoupment — foreign — set-off — jury 8. Dimensional Communications Inc. v. Oz Optics Ltd., 2005 CanLII 50264 (ON SC) — 2005-12-16 Superior Court of Justice — Ontario execution — manifest intention — formal — safeguard — stay 9. Dimensional Communications Inc. v. Oz Optics Ltd., 2006 CanLII 2613 (ON SC) — 2006-01-13 Superior Court of Justice — Ontario costs — indemnity — perfected — accrue — slip 10. Moritex Europe Ltd. v. Oz Optics Ltd., 2006 CanLII 19442 (ON SCDC) — 2006-06-07 Divisional Court — Ontario machine — master — vital — standard of review — deference 11. Oz Optics Ltd. v Jing Ru Zhang, 2017 ONSC 4263 (CanLII) — 2017-07-11 Superior Court of Justice — Ontario disclosing cash receipts — produced —— affidavit of documents — damages

TRADEMARKS	POCKETPOWER Optical power meter for handheld computers Owned by: OZ Optics Limited Serial Number: 78066030 OZ-GUARD Fiber optic test equipment, namely, fiber optic optical time domain reflectometers (OTDR's), fiber optic fault finders,… Owned by: OZ OPTICS LTD. Serial Number: 77280516

RENEWAL HISTORY	No records found.

OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
	Founded in 1985, Oz Optics Limited is a mid-sized organization in the optical instruments and lenses manufacturers industry located in Carp, Canada. It has approximately 165 full-time employees and generates an estimated $16.5 million in annual revenue. The company operates nationally and internationally, mainly importing from China. It is ACTIVE in business with no negative records.
RISK INFORMATION

DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active

INTERVIEW
NAME	Anne Eastbrooks
POSITION	Purchasing
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. She also confirmed the company´s annual revenue and its clients.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.41
UK Pound	1	INR 87.18
Euro	1	INR 77.45
CAD	1	INR 51.48

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRA

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
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)

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.

MIRA INFORM REPORT

STATUTORY INFORMATION

PRINCIPAL ACTIVITY

LOCATION

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

FINANCIAL INFORMATION

LEGAL FILINGS

SUMMARY

RISK INFORMATION

INTERVIEW

Unit