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MIRA INFORM REPORT
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Report No. : |
498642 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ONYX GRAPHICS, INC |
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Registered Office : |
251 Little Falls Drive, Wilmington, New Castle, De, 19808 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarized) |
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Year of Establishment : |
1989 |
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Legal Form : |
Corporation |
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Line of Business : |
· Custom Computer Programming Services · Computer Software Development · Subject designs, develops, and markets of commercial printing software and solutions for the digital color printing marketplace worldwide. |
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No. of Employees : |
57 |
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 : |
Exist |
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: |
ONYX GRAPHICS, INC |
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Trade Name: |
ONYX GRAPHICS, INC |
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ID: |
4024569 |
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Date Created: |
1989 |
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Date Incorporated: |
9/1/2005 |
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Legal Address: |
251 LITTLE FALLS DRIVE, WILMINGTON, NEW CASTLE, DE, 19808, USA |
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Operative Address: |
6915 South Hightech Drive Salt Lake City, UT 84047 United States |
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Telephone: |
801-568-9900 |
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Fax: |
801-568-9911 |
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Legal Form: |
CORPORATION |
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Email: |
support@onyxgfx.com |
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Registered in: |
DELAWARE |
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Website: |
www.onyxgfx.com |
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Contact: |
Mr. Kevin M. Murphy - Chief Executive Officer and President |
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Staff: |
57 |
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Activity: |
NAICS 1: Custom Computer Programming Services SIC 1: Computer Software Development |
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Banks
BANK OF AMERICA |
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History
The company was founded in 1989 and is based in Salt Lake City, Utah. |
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Parent Company: |
Onyx Graphics, Inc. operates as a subsidiary of: Océ Display Graphics Systems, Inc. 13231 Delf Place Suite 406 Richmond, BC V6V 2C3 Canada |
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Key Developments: |
Canon U.S.A., Inc. imagePROGRAF TX Series Now Compatible with Onyx
Graphics, Inc. Software to Help Streamline
Large Format Workflows Feb 26 18 Canon U.S.A., Inc. has announced that its newest imagePROGRAF
Large-format printers, the TX Series, are now compatible with Onyx Graphics,
Inc.'s ONYX 12.2 software, an intuitive wide format print workflow and RIP
(raster image processor) software solution. As a result of this powerful
combination, customers familiar with Canon's imagePROGRAF TX Series devices
will notice key upgrades in the areas of color management, workflow
automation, media handling and data transfer speeds. imagePROGRAF customers
will find that new features contained in the ONYX software are well suited to
reinforce the capabilities of the TX Series, including: Faster RIP and data
transfer speeds with optimized color calculations across all applications. A
multi-roll user interface includes an interactive workflow that can display a
live view of loaded media with automated roll selection between jobs in the
RIP-queue. Enhanced media and page size handling to streamline printer
configurations and job setup. A user-interface showing device specific
information based on bi-directional data including easily visible ink levels,
printer status and media information. Streamlined workflows with job scaling
and rotation options available directly from the file-open dialogue before
sending jobs to the RIP-queue, helping minimize time in production.
Positioned as the "next standard of engineering" by Canon, the
imagePROGRAF TX Series lends itself well to a variety of markets, including
architecture, engineering, construction, as well as general business use
applications and in-house signage. With the newly developed five-color LUCIA
TD pigment ink set, the TX series provide added durability and water
resistance, with the option to print on both inkjet and non-inkjet paper, to
enable a diverse range of signage applications in addition to technical
document printing. For media handling, the TX series features automatic media
loading and a second roll option with a multi-function roll unit that can be
used as a bi-directional take-up unit for added convenience and productivity.
With the new Canon Water Resistant Matte Polypropylene media, the TX series
enables customers to achieve up to six months outdoor use with no lamination.
The TX Series also features a new print head, high-precision mechanical
platform for fast printing, and is available as an integrated MFP solution
that includes a new 36-inch scanner that can scan-to-copy in color in up to
six inches per second with high-resolution scanning to better capture the
color and details of large-format documents. The new compatibility with
imagePROGRAF TX Series is available for the full ONYX software product line
including ONYX Thrive workflow software, ONYX ProductionHouse, ONYX
PosterShop and ONYX RIPCenter RIP software. Onyx Graphics, Inc. Names Jonathan Rogers as International Marketing
Manager Nov 29 16 Onyx Graphics, Inc. announced that it has named Jonathan Rogers as its
International Marketing Manager, effective immediately. In this newly-created
position, Jonathan is responsible for leading the Onyx Graphics marketing
team in developing and executing global product marketing plans and reseller
support programs. Jonathan comes to Onyx Graphics from Microfocus where he
served as digital marketing manager. Prior to that, he was at Firmco Group
where he was director of marketing. |
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PRINCIPAL
ACTIVITY
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Onyx Graphics, Inc. designs, develops, and markets commercial printing
software and solutions for the digital color printing marketplace worldwide. |
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Products/Services description: |
It offers ProductionHouse, a solution for running a print factory that
allows the client to control production workflow; PosterShop, a solution for
professional printers; and RIPCenter, a raster image processing solution that
allows printing in various formats. The company also provides PrepEdge Pro, a
solution for large format production; PrintMetryx that provides Web-based
tools to predict, manage, and report print costs; and ONYX Thrive, a workflow
software that enables print service providers to manage wide format print
production workflow processes. In addition, it offers product training
materials and support services. |
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Brands: |
ONYX |
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Sales are: |
Wholesale |
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Clients: |
Soluciones Para Impresores SA De Cv Impresiones Digitales Sa De Cv Canon Mexicana, S. de R.L. de C.V. Papeles Vinilos Y Lonas SA De Cv Mas Terminados Digitales S.A. Oce-Mexico SA de CV Grafixec Sa |
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Suppliers: |
Oki Data Infotech Corporation Seiko I Infotech Inc |
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Operations area: |
National and International |
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The company imports from |
JAPAN |
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The company exports to |
MEXICO ECUADOR |
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The subject employs |
57 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
6915 South Hightech Drive Salt Lake City, UT 84047 United States |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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: |
The company does not disclose information on shareholders. The
following information has been provided by private sources and could not be
confirmed: Onyx Graphics, Inc. operates as a subsidiary of: Océ Display Graphics Systems, Inc. 13231 Delf Place Suite 406 Richmond, BC V6V 2C3 Canada |
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Management: |
Mr. Kevin M. Murphy - Chief Executive Officer and President Mr. Lynn Hansen - Chief Financial Officer Mr. Dean Derhak - Director of Marketing Mr. Clint Green - Vice President of Worldwide Sales Ken Barganthel - Regional Business General Manager of ASIA |
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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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Sales |
6.000.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Gamut maximizing black generation for printers Patent number: 7573611 Abstract: Gamut maximizing black generation for printers. Generating
device dependent data from device independent data uses both chromatic curves
and achromatic curves, which are independently controllable and which each
include a color space curve and a black curve. The achromatic and chromatic
curves are generated using a set of input parameters. Once the curves are
generated, the final color space values are generated using an interpolation
between the achromatic curves and the chromatic curves. Type: Grant Filed: April 4, 2006 Date of Patent: August 11, 2009 Assignee: Onyx Graphics, Inc. Inventors: Maxim Wasyl Derhak, Rohit Patil Area based calculation of ink usage Patent number: 8047626 Abstract: Estimating the cost of ink in print jobs. The cost of ink in
a print job is estimated based on printed area. After determining an ink
coverage value for the print jobs and determining a cost of the ink, an ink
cost factor is generated over time from the cost of the ink and from the
total area ink coverage. The ink cost factor is used to estimate the cost of
a print job based on area. Type: Grant Filed: November 12, 2008 Date of Patent: November 1, 2011 Assignee: Onyx Graphics, Inc. Inventors: Maxim Wasyl Derhak, Matthew R. Despain, Dean Andrew Derhak,
Rohit A. Patil ESTABLISHING INK USAGE OF PROCESS CHANNELS Publication number: 20110210994 Abstract: Systems and methods for establishing ink usage of process
channels are provided. Separation curves are generated that determine how
multiple ink channels are used to render a corresponding process channel of
an image. The separation curves are generated using process values and
density measurements or estimations. A PVR curve is established to identify target
densities. When a combination of ink channels are used, the model is accessed
based on one of the ink channels to determine a contribution of the other ink
channel to achieve the target density. Each ink channel has a corresponding
curve and all of the curves collectively provide a smooth and predictable
progression from zero coverage to full coverage for the ink channels. Type: Application Filed: February 25, 2011 Publication date: September 1, 2011 Applicant: ONYX GRAPHICS, INC. Inventors: Maxim Wasyl Derhak, Rohit A. Patil |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Uniloc USA, Inc. et al v. NATIONAL INSTRUMENTS CORP. et al Featured Case Uniloc USA Inc. filed a patent lawsuit against ten (10) companies over
its anti-piracy software activation technology. Plaintiff: Uniloc USA, Inc. and Uniloc Singapore Private Limited Defendant: NATIONAL INSTRUMENTS CORP., Pervasive Software, Inc., Adobe
Systems Inc., FileMaker, Inc., Safenet, Inc., CA, Inc., Pinnacle Systems,
Inc., Sonic Solutions, Onyx Graphics, Inc., Symantec Corp., Alladin Knowledge
Systems, Inc. and Alladin Knowledge Systems Ltd. Case Number: 6:2010cv00472 Filed: September 14, 2010 Court: Texas Eastern District Court Office: Tyler Office County: Smith Nature of Suit: Patent Cause of Action: 35:271 Patent Infringement Jury Demanded By: Both |
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TRADEMARKS |
POSTERSHOP computer software for creating posters Owned by: ONYX GRAPHICS, INC. Serial Number: 75090513 ONYX COMPUTER SOFTWARE FOR IMAGE REPRODUCTION ASSOCIATED WITH LARGE FORMAT
IMAGES, NAMELY FOR PRODUCING POSTERS, BILLBOARDS,… Owned by: ONYX GRAPHICS, INC. Serial Number: 75637488 ONYX COMPUTER SOFTWARE FOR IMAGE REPRODUCTION ASSOCIATED WITH LARGE FORMAT
IMAGES, NAMELY FOR PRODUCING POSTERS, BILLBOARDS,… Owned by: ONYX GRAPHICS, INC. Serial Number: 75640174 ACCUQUOTE Computer software, namely for preparing sales quotations for image
reproduction Owned by: ONYX GRAPHICS, INC. Serial Number: 75902841 Image Trademark Computer software for image reproduction associated with large format
images, namely, for producing posters, billboards,… Owned by: ONYX GRAPHICS, INC. Serial Number: 76007754 POSTERGENIE Computer software for use with image reproduction, namely creating,
printing, displaying custom images Owned by: ONYX GRAPHICS, INC. Serial Number: 76067643 |
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RENEWAL HISTORY |
No records found. |
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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
Founded in 1989, Onyx Graphics, Inc. is a mid-sized organization in
the custom computer programming services industry located in Midvale, UT. It has 57 full time employees and generates an estimated $6 million in
annual revenue. The company operates nationally and internationally, mainly importing
from Japan. It is ACTIVE in business with no negative records. |
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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 |
Mike |
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POSITION |
Sales |
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COMMENTS |
He 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 Chief Executive Officer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.22 |
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1 |
INR 91.33 |
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Euro |
1 |
INR 79.96 |
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USD |
1 |
INR 65.14 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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
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Company
background and operations size
·
Promoters
/ Management background
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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.