MIRA INFORM REPORT

Report No. :	494115
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	OMEGA OPTICAL INCORPORATED
Registered Office :	21 Omega Drive, Brattleboro, Vt, 05301
Country :	United States
Date of Incorporation :	27.12.1968
Legal Form :	Corporation
Line of Business :	Subject designs and manufactures optical interference filters for various markets and applications, such as medical diagnostics, industrial, and defense, aerospace, and astronomy.
No. of Employees :	100

RATING & COMMENTS

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

MIRA’s Rating :

A

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 (30.09.2017)	Current Rating (31.12.2017)
United States	A1	A1

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

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%.

Source : CIA

STATUTORY INFORMATION
Legal Name:	OMEGA OPTICAL INCORPORATED
Trade Names:	OMEGA OPTICAL INCORPORATED OMICRON EYE SAFETY OMEGA FILTERS
ID:	0062636
Date Created:	1968
Date Incorporated:	12/27/1968
Legal Address:	21 OMEGA DRIVE, BRATTLEBORO, VT, 05301, USA
Operative Address:	21 Omega Drive, Brattleboro, VT, 05301, USA
Telephone:	802-251-7300
Fax:	802-254-3937
Legal Form:	CORPORATION
Email:	sales@omegafilters.com
Registered in:	VERMONT
Website:	www.omegafilters.com
Contact:	Mr. Robert L. Johnson Jr., D.Sc. - President and Technical Director
Staff:	100
Activity:	NAICS 1: Optical Instrument and Lens Manufacturing SIC 1: Optical Instruments And Lenses
Banks
BANK OF AMERICA U.S. SMALL BUSINESS ADMINISTRATION MERCHANTS BANK TD EQUIPMENT FINANCE, INC. TD BANK, N.A. CITIBANK, N.A., ITS BRANCHES, SUBSIDIARIES AND AFFILIATES
History
Omega Optical, Inc. was incorporated in 1968 and is based in Brattleboro, Vermont.
PRINCIPAL ACTIVITY
Omega Optical, Inc. designs and manufactures optical interference filters for various markets and applications, such as medical diagnostics, industrial, and defense, aerospace, and astronomy.
Products/Services description:	The company offers various types of products, such as band pass, beam splitter, dichroic, dual band, fluorescence sets, glass, long pass, mirror, neutral density, notch (rejection band), other, quad band, rapid band, rapid edge, short pass, and triple band. Its products are used in medical diagnostics applications, such as point-of-care instrumentation, hematology, macular degeneration, real-time patient monitoring, and more; industrial applications, including environmental monitoring, machine vision systems, spectroscopy, lasers, color correction, source leveling, and more; and defense, aerospace, and astronomy applications, which include infra-red vision systems, targeting systems, LIDAR, conflict/weapon simulators, outer space based instrumentation, ground-based telescope systems, and more. The company’s products are also used in various applications, including fluorescence instrumentation, fluorescence microscopy, flow cytometry, amateur or professional astronomy, aerospace, phototherapy, Raman spectroscopy, color imaging, photolithography, analytical chemistry, water analysis, automotive, machine vision, materials analysis, thermal imaging, navigation, mapping, and more.
Brands:	OMICRON EYE SAFETY OMEGA FILTERS
Sales are:	Wholesale
Clients:	Leopoldo Silvestre Martinez Sanchez Univd Nal Autónoma de Mexico
Suppliers:	Apt Showfreight (S)
Operations area:	National and International
The company imports from	SINGAPORE
The company exports to	MEXICO
The subject employs	100 EMPLOYEES
Payments:	Regular
LOCATION
Headquarters :	21 Omega Drive, Brattleboro, VT, 05301, USA
Comments on Address:	-
Branches:	No other branches were found.
Related Companies:	No related companies were found.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	The company does not disclose information on shareholders. We were not able to confirm major holders.
Management:	Mr. Robert L. Johnson Jr., D.Sc. - President and Technical Director Anne Reed - Chief Financial Officer Thomas E. Fegley - Chief Operating Officer and Director of Manufacturing Jennifer Locascio - Director of Human Resources Sally Fegley - Chief Operating Officer and Director of Business Development & Sales Jonathan Bump - Secretary
FINANCIAL INFORMATION
The company does not make its financial statements public. The following information has been provided by private sources:
USD 2016
Revenue	10.500.000
Cash flow	Normal
LEGAL FILINGS
PATENTS	Optical filters for forming enhanced images Patent number: 5646781 Abstract: An optical filter for providing an enhanced image. The filter may comprise at least one substrate, layers of a low refractive index material and layers of a high refractive index material. The layers are stacked so that the filter blocks passbands at 490 nm and 590 nm as well as other image-confusing radiation. Light which is transmitted by the filter provides an enhanced image for viewing by the human eye as well as nonhuman detectors. Type: Grant Filed: May 15, 1995 Date of Patent: July 8, 1997 Assignee: Omega Optical, Inc. Inventor: Robert L. Johnson, Jr. Protective optical filter assembly Patent number: 6918673 Abstract: A protective optical filter assembly for thin film filters having two transparent substrates facing one another and separated by a resilient element, a sealed region is formed between the transparent substrates by applying a compressive force that compresses the resilient element. The thin film filter may be contained within a carrier. The compressive force may be generated by one or more interference-fit aperture rings or threaded apertures ring, a given aperture ring may be opposed by another such aperture ring or a fixed stop. Alternatively a snap fit carrier may be used to generate the compressive force. The sealed region may have a gas having a positive pressure or a liquid. Type: Grant Filed: August 20, 2002 Date of Patent: July 19, 2005 Assignee: Omega Optical, Inc. Inventors: Robert L. Johnson, Natalia Gorawski, Barry O'Dwyer
GOVERNMENT CONTRACTS	Government Contractor: OMEGA OPTICAL INCORPORATED Name & Address: 21 OMEGA DR BRATTLEBORO, VT 05301-4444 Number of Defense Contracts Awarded : 7 Dollar Amount of Defense Contracts Awarded: $16,838
CASES	No records found.
TRADEMARKS	OMEGA OPTICAL FILTERS, NAMELY INTERFERENCE FILTERS AND COATINGS SOLD AS COMPONENTS OF OPTICAL FILTERS FOR SCIENTIFIC AND INDUSTRIAL… Owned by: OMEGA OPTICAL INC. Serial Number: 73797890 SPECTRAPLUS optical filters and optical coatings, Owned by: OMEGA OPTICAL INC. Serial Number: 75773006 OMEGA OPTICAL Retail stores featuring eyewear Owned by: OMEGA OPTICAL INC. Serial Number: 78920024
RENEWAL HISTORY	Filing Number Filing Date/Time Effective Date Filing Type 0002242228 03/02/2017 03/02/2017 ANNUAL REPORT (2016) 0002125539 02/19/2016 ANNUAL REPORT (2015) 0002032491 02/26/2015 ANNUAL REPORT (2014) 0001919975 03/21/2014 ANNUAL REPORT (2013) 0001883702 08/14/2013 ANNUAL REPORT (2012) 0001337957 03/20/2012 ANNUAL REPORT (2011) 0001337931 03/08/2011 ANNUAL REPORT (2010) 0001337941 02/18/2010 ANNUAL REPORT (2009) 0001337956 03/15/2009 ANNUAL REPORT (2008) 0001337939 04/09/2007 AGENT CHANGE 0001337942 04/12/2006 ANNUAL REPORT (2005)
UCC	Financing Statement # Secured Party Name Debtor Address Date Filed 07-212825 U.S. SMALL BUSINESS ADMINISTRATIO 21 OMEGA DR DELTA CAMPUS, BRATTLEBORO, VT, 05301, USA 10/08/2007 09-224179 MERCHANTS BANK 21 OMEGA DRIVE, BRATTLEBORO, VT, 05302, USA 01/30/2009 10-237354 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR, BRATTLEBORO, VT, 05301, USA 09/29/2010 10-237355 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR, BRATTLEBORO, VT, 05301, USA 09/29/2010 10-237356 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR, BRATTLEBORO, VT, 05301, USA 09/29/2010 11-240348 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR., BRATTLEBORO, VT, 05301, USA 03/04/2011 11-242943 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR, BRATTLEBORO, VT, 05301, USA 06/20/2011 11-243857 TD EQUIPMENT FINANCE, INC. 21 OMEGA DR, BRATTLEBORO, VT, 05301, USA 07/28/2011 15-286881 TD BANK, N.A. 21 Omega Drive, Brattleboro, VT, 05301, USA 08/04/2015 17-317011 CITIBANK, N.A., ITS BRANCHES, SUBSIDIARIES AND AFFILIATES 21 OMEGA DRIVE, BRATTLEBORO, VT, 05301, USA 05/25/2017 17-321730 TD BANK, N.A. 21 Omega Drive, Brattleboro, VT, 05301, USA 09/18/2017 17-321854 TD BANK, N.A. 21 Omega Drive, Brattleboro, VT, 05301, USA 09/20/2017 18-328937 Methods Machine Tools, Incorporated 21 Omega Drive, Brattleboro, VT, 05301, USA 02/26/2018
OFAC Sanctions List Search	The company is not listed in the OFAC list.
SUMMARY
Founded in 1968, Omega Optical Incorporated is a mid-sized organization in the optical instruments and lenses manufacturers industry located in Brattleboro, VT. It has 100 full time employees and generates an estimated $10.3 million in annual revenue. The company operates nationally, mainly importing from Singapore. It is ACTIVE in business with no negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Laura
POSITION	Sales
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

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.10
UK Pound	1	INR 90.44
Euro	1	INR 79.59
USD	1	INR 65.17

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	SYL

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.