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MIRA INFORM REPORT
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Report No. : |
497355 |
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Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
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Name : |
THORLABS, INC. |
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Registered Office : |
56 Sparta Ave., Newton, NJ,07860 |
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Country : |
United States |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
23.11.1987 |
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Legal Form : |
Domestic Profit Corporation |
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Line of Business : |
Subject designs, develops, and manufactures photonics and optoelectronics
products and systems. |
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No. of Employees : |
870 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with
a per capita GDP of $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: |
THORLABS, INC. |
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Trade Name: |
THORLABS |
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ID: |
0100356982 |
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Date Created: |
1987 |
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Date Incorporated: |
11/23/1987 |
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Legal Address: |
56 Sparta Ave., Newton, NJ,07860 |
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Operative Address: |
56 Sparta Avenue |
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Telephone: |
1-973-300-3000 |
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Fax: |
1-973-300-3600 |
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Legal Form: |
Domestic Profit Corporation |
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Email: |
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Registered in: |
New Jersey |
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Website: |
www.thorlabs.com |
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Contact: |
Mr. Alex Cable- Founder, Chief
Executive Officer and President |
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Staff: |
870 |
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Activity: |
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Banks: |
The company does not make its
banking data public |
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History: |
The company was founded in 1987
and is based in Newton, New Jersey. |
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Key Developments: |
Femtosecond-Laser-Pumped MIR Supercontinuum
Source Chosen as Prism Award Finalist Newton, NJ – January 25, 2017 –
Thorlabs is pleased to announce that its SC4500 Mid Infrared (MIR)
Supercontinuum Source is among the finalists for the 2017 Prism Awards for
Photonics Innovation, an international competition that recognizes the best
new photonics technologies. Thorlabs Releases a New Line of
High Precision Manual Translation Stages Newton, NJ – September 12, 2016
– Thorlabs has announced the release of a new line of XR-Series cross roller
bearing, aluminum-bodied translation stages. The initial release includes
both rear- and side-actuated 1" travel stages and all components needed
to have left- or right-handed X, XY, XZ, YZ, and XYZ configurations. A
dovetail feature is incorporated into the design for stacking; it could also
be used to provide custom mounting options. When stacking two stages, coarse
positional alignment in the axis perpendicular to stage travel is achieved by
sliding the dovetail along the mating dovetail prior to lockdown. Thorlabs Licenses Random Access
Multiphoton Microscope Technology Newton, NJ – November 11, 2016
– Thorlabs announced today that it has entered into a licensing agreement
with Howard Hughes Medical Institute (HHMI) to commercialize the 2-photon random
access mesoscope (2p-RAM) developed in Karel Svoboda’s lab at HHMI's Janelia
Research Campus for in vivo imaging of large brain volumes (up to 5 mm x 1
mm) with single neuron resolution. |
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PRINCIPAL
ACTIVITY
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Thorlabs, Inc.
designs, develops, and manufactures photonics and optoelectronics products
and systems. |
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Products/Services description: |
It offers
imaging systems, OCT imaging, electrophysiology, scientific cameras, and optogenetics;
optical tables and breadboards, optomechanical components, optomechanical
devices, and kits lab supplies; manual stages, motorized stages, multi-axis
platforms, actuators/adjusters, and controllers; and optical elements,
polarization optics, optical systems, optical isolators, and optics kits. The
company also provides fiber patch cables, fiber products, fiber
optomechanics, fiber components, and test and measurement products; coherent
sources, incoherent sources, active optical devices, drivers/mounts, and
light accessories; and power and energy meters, detectors, beam
characterization, polarization instrumentation, and electrical accessories.
Its customers include national labs, universities, medical research
facilities, commercial laser companies, military, defense companies, and
large and small photonics manufacturers worldwide. |
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Brands: |
THORLABS LAB SNACKS A TREAT FOR HUMANS LAB SNACKS POLARIS THORGORP THORLABS THORIMAGE QUANTUM PHOTONICS |
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Sales are: |
Wholesale and retail |
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Clients: |
The company offers its products
through distributors and online. |
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Suppliers: |
THORLABS LTD. UK Thorlabs Inc C O Singapore |
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Operations area: |
USA, Australia, Canada, India, Israel,
Italy, Korea, Benelux, Poland, the Russian Federation, Singapore, Taiwan, and
Turkey |
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The company imports from |
UK Singapore |
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The subject employs |
870 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
56 Sparta Avenue |
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Comments on the address: |
56 Sparta Ave This business is located at 56
Sparta Ave, a commercial address in Newton, NJ. The vacant lot was last sold
on May 28, 2010 for $750,000 USD. |
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Branches: |
Thorlabs Ultrafast
Optoelectronics Ann Arbor Michigan USA Thorlabs Vytran Division 1400 Campus Dr Morganville 07751 USA Thorlabs Quantum Electronics
(TQE) 10335 Guilford Road Jessup, Maryland 20794 USA Thorlabs Imaging Systems 108 Powers Court Sterling, Virginia 20166 USA |
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Related Companies: |
Thorlabs Canada ULC 361 Boulevard Montpellier Saint-Laurent, QC H4N 2G6 Canada Thorlabs, LTD. 1 Saint Thomas Place, Ely Ely CB7 4EX United Kingdom Thorlabs SAS 109, rue des Cotes Maisons-Laffitte 78600 France Thorlabs GmbH Hans-Boeckler-Str. 6 Dachau/Munich 85221 Germany |
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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 privately held company.
One of its major shareholders would be Mr. Alex Cable. |
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Management: |
Title: TREASURER Name: REGIMBAL, ROBERT Address: 56 SPARTA AVE.,
NEWTON, NJ, 07860 Title: CHIEF EXEC. OFFICER
(CEO) Name: CABLE, ALEX E Address: 56 SPARTA AVE.,
NEWTON, NJ, 07860 Title: SECRETARY Name: LENCSAK, CARMINE Address: 56 SPARTA AVE.,
NEWTON, NJ, 07860 Title: TREASURER Name: REGIMBAL, ROBERT Address: 56 SPARTA AVE.,
NEWTON, NJ, 07860 Title: CHIEF EXEC. OFFICER
(CEO) Name: CABLE, ALEX E Address: 56 SPARTA AVE., NEWTON,
NJ, 07860 Title: SECRETARY Name: LENCSAK, CARMINE Address: 56 SPARTA AVE.,
NEWTON, NJ, 07860 |
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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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Net Assets /Estimated |
29
400 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Depolarizers
and methods of making thereof Patent
number: 9599834 Abstract: A
depolarizer, including: a photoalignment layer deposited on the substrate;
and a birefringent layer deposited on the photoalignment layer; wherein the
photoalignment layer includes a plurality of segments, each segment with a
different fast axis orientation and a different pretilt angle, such that each
segment of the birefringent layer over the corresponding segment of the
photoalignment layer has a different fast axis angle and a different
birefringent value. Type: Grant Filed:
September 11, 2015 Date of
Patent: March 21, 2017 Assignee:
Thorlabs, Inc. Inventors:
Lichao Zhang, Sam Rubin, Cary Zhang Adjustable
mid-infrared super-continuum generator using a tunable femtosecond oscillator Patent
number: 9601899 Abstract: A
super-continuum system including: a fiber laser configured to output a pulse
having a center wavelength; a first nonlinear waveguide configured to shift
the wavelength of the pulse from the fiber laser; a first fiber amplifier of
at least one stage configured to amplify the output from the first nonlinear
waveguide; and a second nonlinear waveguide configured to spectrally broaden
the output from the first fiber amplifier. Type: Grant Filed:
January 5, 2015 Date of
Patent: March 21, 2017 Assignee:
Thorlabs, Inc. Inventors:
Reza Salem, Peter Fendel, Alex Cable Low
wavefront distortion optical mount Patent
number: 9599786 Abstract: An
optical mount is disclosed having at least one restraining element for an
optic having at least one contact point with a first surface of the optic and
at least one force element having at least one contact point with a second
surface of the optic, wherein each contact point on the first surface of the
optic has a corresponding contact point on the second surface of the optic. Type: Grant Filed:
December 26, 2013 Date of
Patent: March 21, 2017 Assignee:
Thorlabs, Inc. Inventors:
Brett D'Alessio, Alex Ezra Cable Amplified
piezo actuator with motorized adjustment screw Patent
number: 9520548 Abstract: A
piezoelectric actuator with integrated features to provide linear
displacement of a threaded rod is presented. One mechanism provides
mechanically amplified piezo motion for high speed/short travel position
scanning whereas the other provides a low speed/long travel piezo motorized position
adjustment. Mechanical amplifier incorporates one or more piezo stacks in
longitudinal axis with preload to translate an amplified motion in the order
of a few times in the transverse axis, perpendicular to the piezo stack
motion. The piezo amplified output travel is transmitted to the internally
threaded features of the other mechanism where a screw with a ball at the end
to push a desired surface for high speed scanning mode translation. The
internally threaded feature of the other mechanism is also operated by a
secondary piezo stack which produces slip-stick motion steps to rotate the
screw in one direction or the other to produce a slow speed/long travel mode. Type: Grant Filed:
September 11, 2015 Date of
Patent: December 13, 2016 Assignee: Thorlabs,
Inc. Inventors:
Saeed Fathi, Mark Robson, Keith Dhese |
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RENEWALS |
Annual Report Month: NOVEMBER Last Annual Report Filed: 10/17/2017 Year: 2017 |
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CASES |
VANADIUM LLC v. THORLABS, INC. Plaintiff: VENADIUM LLC Defendant: THORLABS, INC. Case Number: 2:2017cv07309 Filed: September 20, 2017 Court: New Jersey District
Court Office: Newark Office County: Essex Presiding Judge: Madeline Cox
Arleo Referring Judge: Michael A.
Hammer Nature of Suit: Patent Cause of Action: 35:271 Jury Demanded By: Plaintiff Alfano Optical Tomography LLC
v. Thorlabs, Inc. Plaintiff: Alfano Optical
Tomography LLC Defendant: Thorlabs, Inc. Case Number: 1:2016cv07690 Filed: September 30, 2016 Court: New York Southern
District Court Office: Foley Square Office County: NewYork Presiding Judge: Katherine B.
Forrest Nature of Suit: Patent Cause of Action: 18:1341 Jury Demanded By: Plaintiff ASPHERICON GMBH v. THORLABS
INC. Plaintiff: ASPHERICON GMBH Defendant: THORLABS INC. Case Number: 2:2015cv00679 Filed: January 30, 2015 Court: New Jersey District
Court Office: Newark Office County: Sussex Referring Judge: Joseph A.
Dickson Presiding Judge: Esther Salas Nature of Suit: Trademark Cause of Action: 15:1125 Jury Demanded By: Plaintiff |
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TRADEMARKS |
THORLABS Opto-mechanical positioning
components, namely, opto-mechanical laboratory software and hardware and
hardware devices for… Owned by: Thorlabs, Inc. Serial Number: 77484275 LAB SNACKS A TREAT FOR HUMANS an assortment of pre-packaged
snack foods consisting of three or more of the following: candy, crackers,
chips, granola… Owned by: Thorlabs, Inc. Serial Number: 77840030 LAB SNACKS an assortment of pre-packaged snack
foods consisting of three or more of the following: candy, crackers, chips,
granola… Owned by: Thorlabs, Inc. Serial Number: 77840104 POLARIS Mounts for scientific and
technical apparatus, namely, optical mirrors Owned by: THORLABS, INC. Serial Number: 77855166 POLARIS Mounts for scientific and
technical apparatus, namely, optical mirrors Owned by: THORLABS, INC. Serial Number: 77855176 THORGORP Candied fruit snacks; Cheese
and cracker combinations; Fruit-based snack food; Meat-based snack foods;
Nut-based snack foods… Owned by: Thorlabs, Inc. Serial Number: 77941330 THORLABS Opto-mechanical positing
components, namely, opto-mechanical laboratory hardware and hardware devices
for use in laser positioning… Owned by: Thorlabs, Inc. Serial Number: 78592805 THORIMAGE Computer hardware and software
for medical imaging apparatus Owned by: Thorlabs, Inc. Serial Number: 85172229 QUANTUM PHOTONICS Opto-mechanical positing
components, namely, opto-mechanical laboratory software and hardware and hardware
devices for use… Owned by: Thorlabs, Inc. Serial Number: 85350082 |
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SUMMARY
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Founded in
1986, Thorlabs, Inc. is a large-sized organization in the analytical
instrument manufacturers industry located in Newton, NJ. It has 870 full
time employees and generates an estimated $29.4 million in estimated net
assets. The company
imports from UK though it has no export records. It appears
as ACTIVE in the records of New Jersey. |
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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 |
Janis |
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POSITION |
Management |
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COMMENTS |
The person contacted confirmed
address, experience, legal address, management, number of employees and
clients. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.94 |
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1 |
INR 90.72 |
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Euro |
1 |
INR 80.32 |
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US Dollar |
1 |
INR 64.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.