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MIRA INFORM REPORT
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Report No. : |
496741 |
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Report Date : |
13.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ENHANCED VISION SYSTEMS,
INC |
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Registered Office : |
5882 Machine Drive, Huntington
Beach, CA 92649 |
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Country : |
United States |
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Date of Incorporation : |
08.02.1996 |
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Legal Form : |
Domestic Stock
Corporation |
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Line of Business : |
Subject is a mid-sized
organization in the ophthalmic goods manufacturers industry located |
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No. of Employees : |
95 |
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 (30.09.2017) |
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 $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: |
ENHANCED VISION SYSTEMS, INC. |
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Trade
Name: |
ENHANCED VISION |
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ID: |
C1788373 |
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Date
Created: |
1996 |
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Date
Incorporated: |
08/02/1996 |
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Legal
Address: |
5882 Machine Drive Huntington Beach, CA 92649 United States |
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Operative
Address: |
5882 Machine Drive Huntington Beach, CA 92649 United States |
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Telephone:
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(714) 374-1829 |
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Fax: |
(714) 465-3401 |
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Legal
Form: |
DOMESTIC STOCK CORPORATION |
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Email: |
info@enhancedvision.com |
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Registered
in: |
CALIFORNIA |
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Website:
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www.enhancedvision.com |
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Contact: |
Barron Javaheri, Chief Executive
Officer and President Kamran Siminou, Resident Agent
and Chief Technology Officer |
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Staff: |
95 |
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Activity: |
NAICS 1: Ophthalmic Goods
Manufacturing SIC 1: Ophthalmic Goods |
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BANKS: |
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The company does not make its banking data
public |
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HISTORY
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The company was founded in 1996 |
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Key
Developments: |
Enhanced Vision Introduces
Jordy Aug 7 17 Enhanced Vision introduce
Jordy, the latest in wearable low-vision technology that will revolutionize how
those with low vision perform everyday tasks, such as reading mail, paying
bills, watching TV and playing cards. Jordy helps legally blind individuals
who have macular degeneration or other low-vision conditions regain their
visual independence and reclaim their lives. The National Eye Institute (NEI)
defines low vision as the best-corrected visual acuity of less than 20/40 in
the patient's best eye. This means a person with low vision sees at 20 feet
with his or her good eye what people with healthy vision can see at 40 feet.
More than 2 million people in the United States had low vision in 2010,
according to statistics presented by the NEI, but that number will rise to
more than 4 million by 2030 as baby boomers age. Only about 1% of the blind
population in the U.S. is born without sight, according to the National
Federation of the Blind. Most people with low vision lose their sight later
in life as the result of age-related macular degeneration (AMD), glaucoma and
diabetes. Worn like a pair of glasses, Jordy features a sleek, modern design
that appeals to all ages. This innovative system allows wearers to see near
and far, as well as to read, write and see in any environment, including
home, work, and school. Weighing in at a mere 8 ounces, the Jordy headset is
lightweight and portable. An adjustable nosepiece makes Jordy comfortable.
Jordy is battery-operated and uses rechargeable batteries, providing the
ultimate in convenience. Packed with features such as HD autofocus camera for
distance, intermediate and near viewing; Jordy gives the wearer ultimate
control over their visual experience. Other features include 10x optical zoom
and 4x digital zoom, dual viewfinders with a wide field of view, and 5-level
brightness control. The optional docking stand converts Jordy into a desktop
electronic magnifier (CCTV) that features a 24" high-resolution monitor,
an HD autofocus camera and 5.5x to 66x magnification. Users enjoy simple,
easy-to-use tactile controls, multiple viewing modes to optimize brightness
and contrast, and built-in LED lighting. Jordy even comes with a low-profile
protective carrying case. Designed and assembled in the United States, Jordy
comes with a 2-year warranty to ensure complete satisfaction. Users are
giving Jordy high marks when it comes to helping them regain visual
independence. |
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PRINCIPAL
ACTIVITY
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Enhanced Vision Systems, Inc.
is a mid-sized organization in the ophthalmic goods manufacturers industry
located in Huntington Beach, CA. |
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Products/Services description: |
Enhanced Vision Systems, Inc.
develops and manufactures a line of electronic magnifiers for the visually
impaired people. It offers low vision products, such as high performance
desktop video magnifiers, featuring HD and text-to-speech solutions; acrobat
family of products, including acrobat LCDs, short arms, long arms, and
panels; desktop units to be set up in a fixed location for reading, writing,
and hobbies; and portable low vision solutions in desktop, portable, versatile,
and computer compatible versions, which include transformers, amigo, pebbles,
pebble mini products, flippers, flipper panels, max panels, and USB bridge
products. The company offers its products for visually impaired, including
macular degeneration, glaucoma, cataracts, retinitis pigementosa, and
diabetic retinopathy; and people who are legally blind and have other
low-vision conditions. It offers its products through a network of low vision
professionals and agencies in the United States and internationally. |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Ооо
Виком Russia |
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Suppliers: |
ARTERNET CORP KEY FOUNDAT China Hip Lick (Lee's) Plastic
Industrial Co., Ltd. China |
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Operations area: |
National and International |
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The company imports from |
China |
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The company exports to |
Russia |
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The subject
employs |
95 employees |
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Payments:
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Regular |
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LOCATION
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Headquarters
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5882 Machine Drive Huntington Beach, CA 92649 United States |
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Comments: |
NA |
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Branches: |
No branches found |
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Main
Competitors |
Jc & Tl, Corp. 922 Via Presa San Clemente, California 92672-9489 Pekjon 2438 Brittany Woods Ln Costa Mesa, California 92627-1458 |
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Related
Companies: |
Enhanced Vision Europe: Unit C, Plot 5, Merlin Way Quarry Hill Industrial Estate IIkeston, Derbyshire DE7 4RA United Kingdom Phone: +44 (0)115 9442317 Fax: +44 (0)115 9440720 Web Site:
www.enhancedvision.co.uk Enhanced Vision Germany: EV OPTRON GmbH Steinschoenauer Str. 4b – 64823 Gross-Umstadt – Germany Phone: 49 (0) 6078 969827-0 Fax: 49 (0) 6078 969827-33 Web Site: www.evoptron.de |
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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: |
This is a private company. The company does not
disclose information on shareholders. We could not confirm major holders. |
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Management: |
Barron Javaheri, Chief Executive Officer and
President Kamran Siminou, Resident Agent and Chief Technology
Officer Marc Stenzel, Vice President of Sales & Business
Development Janice Hopkins, Marketing Director Michelle Williams, Director of Sales & Marketing James Bailey, Director of Eastern US Sales Regina Miller, Vice President of Sales |
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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 |
14,723,000 |
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Cash
flow |
Normal |
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LEGAL
FILINGS
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Patents: |
HANDHELD, PORTABLE VISION AID DEVICE AND VISION AID
SYSTEM Publication number: 20170358247 Abstract: A vision aid device comprises a housing
having a proximal end, a distal end and a longitudinal axis therebetween. The
proximal end has an eyepiece for holding up to an eye and viewing into the
vision aid device to view a video display mounted within the housing. A
camera is mounted within the housing at the distal end of the housing and is
aimed in the direction of the longitudinal axis. Type: Application Filed: August 8, 2017 Publication date: December 14, 2017 Applicant: ENHANCED VISION SYSTEMS, INC. Inventor: Kamran Siminou VIEWING AID WITH TRACKING SYSTEM, AND METHOD OF USE Publication number: 20170289367 Abstract: A viewing aid includes a camera, a viewing
surface within a field of view of the camera, a memory, a display, and
software programmed to track a tracking element within the field of view.
Viewing material is placed on the viewing surface. The camera, viewing
surface, and material all remain substantially stationary. The camera
captures and stores an initial image of the material in the memory. The
software then tracks the location of a tracking element within the field of
view then maps the location to a portion of the initial image in memory using
an X-Y coordinate system, and/or identifies character elements of the
material adjacent the tracking element then maps the character elements to
corresponding character elements of the initial image in memory. An enhanced
image is then displayed on the display corresponding to the mapped portion of
the initial image. Type: Application Filed: April 14, 2017 Publication date: October 5, 2017 Applicant: ENHANCED VISION SYSTEMS, INC. Inventor: Kamran Siminou Viewing aid with tracking system, and method of use Patent number: 9626578 Abstract: A viewing aid includes a camera, a viewing
surface within a field of view of the camera, a memory, a display, and
software programmed to track a tracking element within the field of view.
Viewing material is placed on the viewing surface. The camera, viewing
surface, and material all remain substantially stationary. The camera
captures and stores an initial image of the material in the memory. The
software then tracks the location of a tracking element within the field of
view then maps the location to a portion of the initial image in memory using
an X-Y coordinate system, and/or identifies character elements of the
material adjacent the tracking element then maps the character elements to
corresponding character elements of the initial image in memory. An enhanced
image is then displayed on the display corresponding to the mapped portion of
the initial image. Type: Grant Filed: December 1, 2011 Date of Patent: April 18, 2017 Assignee: ENHANCED VISION SYSTEMS, INC. Inventor: Kamran Siminou |
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Trademarks: |
JORDY medical apparatus in the form of video headsets for
providing visual assistance to persons with symptoms associated with… Owned by: ENHANCED VISION SYSTEMS Serial Number: 75256780 MERLIN medical apparatus in the form of closed circuit
television cameras, rolling camera mounts, X-Y tables and monitors for
providing… Owned by: Enhanced Vision Systems Serial Number: 76034452 NEMO Electronic device with a Liquid Crystal Display and
camera, that magnifies and enhances an image, used for reading, writing… Owned by: Enhanced Vision Systems, Inc. Serial Number: 78669933 AMIGO electronic magnifier with a Liquid Crystal Display
(LCD) and camera, that magnifies and enhances an image, used typically… Owned by: Enhanced Vision Systems, Inc. Serial Number: 78669939 ACROBAT medical apparatus in the form of closed circuit
television cameras, camera mounts, X-Y tables, video glasses, and monitors… Owned by: Enhanced Vision Systems, Inc. Serial Number: 78960150 FLIPPER medical apparatus in the form of closed circuit
television cameras, camera mounts, video glasses, and monitors for providing… Owned by: Enhanced Vision Systems, Inc. Serial Number: 78960165 MAX medical apparatus in the form of hand-held digital
magnifiers capable of connecting to televisions and monitors for providing… Owned by: Enhanced Vision Systems, Inc. Serial Number: 78960174 ENHANCED VISION MEDICAL DEVICES, NAMELY, ELECTRONIC VIDEO MAGNIFIERS Owned by: Enhanced Vision Systems, Inc. Serial Number: 85050457 DA VINCI medical apparatus in the form of closed circuit
television cameras, camera mounts, and monitors for providing visual
assistance… Owned by: Enhanced Vision Serial Number: 85267965 PEBBLE portable electronic video magnifiers Owned by: Enhanced Vision Systems, Inc. Serial Number: 85477044 SMART READER portable electronic device for reading printed text
aloud Owned by: Enhanced Vision Systems, Inc. Serial Number: 85761500 TRANSFORMER portable electronic magnifiers Owned by: Enhanced Vision Systems, Inc. Serial Number: 85761503 MOJO medical apparatus in the form of video headsets for
providing visual assistance to persons with symptoms associated with… Owned by: Enhanced Vision Systems, Inc. Serial Number: 86473165 MOJO handheld video magnifiers for providing assistance
to persons with symptoms associated with vision loss Owned by: Enhanced Vision Systems, Inc. Serial Number: 87350911 |
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Filling
History: |
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Lawsuits: |
UNITED STATES OF AMERICA FEDERAL TRADE COMMISSION COMMISSIONERS: Jon Leibowitz,
Chairman Pamela Jones Harbour William E. Kovacic J. Thomas Rosch In the Matter of ENHANCED VISION SYSTEMS, INC., a corporation DOCKET NO. C-4265 COMPLAINT The Federal Trade Commission,
having reason to believe that Enhanced Vision Systems, Inc. (“respondent”) has
violated the provisions of the Federal Trade Commission Act |
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UCC: |
No records 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 1996, Enhanced Vision Systems, Inc. is a
mid-sized organization in the ophthalmic goods manufacturers industry located
in Huntington Beach, CA. The company has 95 full-time employees and generates
an estimated USD 14.723 million in annual revenue. The company imports from China, and exports to
Russia, operating within national and international markets. This has been an ACTIVE company incorporated in
CALIFORNIA in 1996. |
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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 |
NA |
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POSITION |
Assistant |
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COMMENTS |
The man contacted confirmed
addresss, staff number, management, activity, products and experience. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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|
1 |
INR 90.12 |
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Euro |
1 |
INR 80.91 |
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USD |
1 |
INR 64.73 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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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.