![]()
|
Report Date : |
04.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
DATASCOPE CORPORATION |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Corporation - Public |
|
|
|
|
Line of Business : |
The Firm is engaged as a manufacturer of medical equipment. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : DATASCOPE CORPORATION
Address :
City : MONTVALE
State/Province : NEW
In KUSD
As of :
Zip Code : 07465
ales / Revenue : 373,000
Country : UNITED STATES
Net Income : 25,843
Telephone : 201 591-8100
Total Equity : 293,738
Facsimile : 201 307-5400
Number of Employees : 1,300
Legal Form : Corporation - Public
Website : www.datascope.com
Maj. Shareholder : Mr. Lawrence Saper
Business Activity : The Firm is engaged as a manufacturer of medical equipment.
NOTE TO CLIENT
At the end of fiscal 2006, the Firm had approximately 1,300 employees worldwide. None of their employees are represented by a labor union, however the Firm believes their relationship with the employees is good at this time.
LEGAL
Legal Form : Corporation - Public
Since (D/M/Y) :
State/Province of Incorporation : DE
Status : ACTIVE
Previous Legal Form : Company is required to publish an annual financial report.
File Number : 2209780
Incorporation Date :
Entity Name : DATASCOPE CORP.
Entity Kind : CORPORATION
Entity Type : GENERAL
Residency : DOMESTIC
State :
REGISTERED AGENT
INFORMATION
Name : THE PRENTICE-HALL CORPORATION SYSTEM, INC.
Address :
City :
County : NEW CASTLE
State :
Postal Code : 19808
Phone : (302)636-5400
---------------------------------------------------------------------
The Firm is also qualified to do business in
----------------------------------------------------------------------
The Firm is public and is traded on NASDAQ under the symbol DSCP.
As of
US$
Closing Price : $ 39.25
52 Weeks High/Low : $ 39.06/$ 29.23
Shares Outstanding : 15,302,000
Market Value : $ 600,603,500
Managers/Key
Personnel
Mr. Lawrence Saper Chairman Of The Board Of Directors
Mr. Scott D. Kantor Vice Pres. & Chief Financial Officer
Mr. Fred Adelman Vice President
Mr. Nicholas E. Barker Vice President
OWNERS
Mr. Lawrence Saper 18.80% Shareholder
Private Capital Management, Inc 12.60 Shareholder
Systematic Financial Management L.P 5.50 Shareholder
Barclays Global Investors, NA 5.00 Shareholder
Subsidiary Where
Incorporated % of
Voting
Stock
----------------------------------------------------------------------
Datascope FSC, Ltd.
Datascope Investment Corp.
Datascope B.V.
Datascope Medical Co. Ltd.
Datascope S.A.R.L.
Datascope GmbH
InterVascular S.A.S.
Datascope SL
Datascope Interventional GmbH
Bioplex Corp.
Bioplex Medical B.V.
Datascope Biomaterials Research B.V.
Genisphere, Inc.
InterVascular Inc.
InterVascular S.A.R.L.
InterVascular GmbH
Datascope Italia S.r.l.
Datascope SPRL
Datascope Trademark Corp.
InterVascular C, Inc.
InterVascular V, Inc.
BANKS
Bank of
Telephone:
Facsimile:
Account Number:
Account Manager:
The Firm has available unsecured lines of credit at
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- -------- --------
--- --- --- --- --- --------
AIR TRANS
07-03 07-03 0000000 50000
50000 70 30
0 0 0
CUST 14 YR
DP EQUIP
07-05 05-07 NET 30 10400 2700
100 0 0 0 0
ELEC EQUIP 07-05 06-06 NET 30 500
0 0 0
0 0 0
CUST 2 YR
ELEC SUPLR 07-05 05-03 NET 30 1100
0 0 0
0 0 0
CUST 3 YR
FREIGHT
07-04 06-06 VARIED 1100 0
0 0 0
0 0
GENL MERCH 07-06 07-04 CREDIT 1500
0 0 0
0 0 0
HEATNG& A/C 07-06 00-00 NET 30 2900
200 0 100 0
0 0
MACH DISTR 07-04 06-10 1/10N30 200 0
0 0 0
0 0 CUST
3 YR
MED EQUIP
07-04 07-04 NET 30 20500 6400
62 38 0
0 0
MED EQUIP
07-05 00-00 NET 30 14100 4500
100 0 0 0 0
PACKAGING
07-06 06-10 NET 30 800 300
100 0 0 0
0 CUST 20 YR
SAFTY PROD 07-05 00-00 NET 30 100
0 0 0
0 0 0
TELECOM
07-05 07-04 NET EOM 500
200 100 0 0
0 0 CUST 19 YR
TRUCK DLR
07-06 00-00 CONTRCT 5400
2700 100 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 29600 18400
54 17 15
7 7 COLLECTION
BLDG MATRL 07-01 00-00 CREDIT 5000
300 100 0 0
0 0
BUS SERVCS 06-10 06-10 NET 30 5300
0 0 0
0 0 0
COMPUTERS
05-08 05-08 SPECIAL 21800
13400 81 16 0 0
3 CUST 6 YR
COMPUTERS
07-01 02-04 CREDIT 0 0
0 0 0
0 0 ACCTCLOSED
COMPUTERS
06-06 06-05 0000000 235700
34800 0 85
15 0 0
ELEC DISTR 05-12 00-00 NET30 0
0 0 0
0 0 0
ELEC EQUIP 04-11 00-00 NET 30 200
200 0 100 0
0 0
ELECTRONIC 07-01 00-00 VARIED 17700
0 0 0
0 0 0
FACTOR
06-04 04-04 VARIED 0 0
0 0 0
0 0
FINCL SVCS 06-03 05-11 CONTRCT 0 0
0 0 0 0 0
SATSFTRY
FREIGHT
05-06 03-03 VARIED 100 100
0 100 0 0 0
LEASING
07-06 00-00 NET 30 300 0
0 0 0
0 0 CUST
4 YR
LEASING
04-06 00-00 CONTRCT 0 0 0
0 0 0 0
MANUFCTRNG 06-01 01-08 NET 30 200
0 0 0
0 0 0
MED EQUIP
06-10 06-09 NET 30 3300 1000
0 100 0 0 0
MED SUPPLY 05-09 00-00 NET 30 1800
1300 100 0 0
0 0
MED SUPPLY 04-10 00-00 VARIED 0
0 0 0 0 0
0 ACCTSOLD
MISC MANUF 04-11 04-09 VARIED 6300
0 0 0
0 0 0
MOTR TRANS 05-12 05-02 NET 30 5000
0 0 0
0 0 0
OFFC SUPPL 05-11 01-12 CREDIT 0
0 0 0
0 0 0
CUST 12 YR
OFFC EQUIP 05-01 04-12 NET 30 1200
300 0 0
100 0 0 CUST
4 YR
PERSNLSVCS 04-07 03-01 ROI 0
0 0 0
0 0 0
PRNTG& PUBL 06-09 06-09 CONTRCT 4500 4400
100 0 0 0
0 CUST 2 YR
SOAP
04-08 00-00 2/10N30 700 700
0 0 0
0 100
TELECOM
07-05 07-04 NET 30 1900 0
0 0 0
0 0 CUST 11 YR
TRANSPORTN 04-10 04-08 VARIED 100
100 0 0
100 0 0
CURRENT QUARTER 203000 75700
71 26
0 3 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 9 7 81000 66
31 0 3 0
20070500
0 8 5 73000 67
33 0 0 0
20070400
0 16 4 71000 75
25 0 0 0
20070300
0 17 0 64300 97
3 0 0 0
20070200
0 17 0 51900 97
3 0 0 0
20070100
0 9 2 58300 85
15 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 2 62400 89
11 0 0 0
Fourth
2006 3 58300 77
23 0 0 0
Third
2006 5 87500 89
4 3 4 0
Second
2006 9 91700 73
19 1 7 0
First
2006 13 71900 62
23 7 8 0
FINANCIAL INFORMATION
FINANCIAL
FIGURES
Year-End (D/M/Y): 31/03/2007 30/06/2006 30/06/2005
Quarterly Consolidated Consolidated
Sales / Revenues 280,400 373,000 352,700
Interest Income - 5,446 1,717
Gross Margin 156,385 208,954 205,444
Operating Income (Loss) 19,059 29,342 19,241
Interest on Loans 87 298 304
Other Expenses -2,330 -3,737 -10,216
RESULTS
Income before Taxes 21,981 34,490 20,654
Income Tax 6,252 8,647 6,008
Net Income 15,729 25,843 14,646
ASSETS
Cash and Equivalents 13,302 9,479 12,188
Inventory 58,761 58,759 54,626
Accounts Receivables 84,957 84,655 79,439
Other Current Assets 19,725 17,140 11,802
Total Current Assets 217,216 213,180 188,439
Property Plant & Equip 82,767 85,460 87,648
Other Fixed Assets 32,924 12,727 15,312
Total Fixed Assets 156,060 162,500 168,643
Intangibles 25,986 42,016 42,870
Total Assets 373,276 375,680 357,082
LIABILITIES
Trade Creditors 48,952 51,958 51,504
Other Current Liab 4,008 3,675 3,975
Total Current Liab 52,960 55,633 59,479
Long Term Debt - - 15,009
Other Long Term Liab 26,699 26,309 16,729
Total Long Term Liab 26,699 26,309 31,738
Total Liabilities 79,659 81,942 91,217
EQUITY
Retained Earnings 295,443 298,879 292,300
Total Equity 293,617 293,738 265,865
FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
31/03/2007 30/06/2006 31/03/2007
30/06/2006
Cash and Equivalents 13,302 9,479 3.56 2.52
Inventory 58,761 58,759 15.74 15.64
Other Current Assets 19,725 17,140 5.28 4.56
Total Current Assets 217,216 213,180 58.19 56.75
Intangibles 25,986 42,016 6.96 11.18
Total Assets 373,276 375,680 100.00
100.00
Total Current Liab 52,960 55,633 14.19 14.81
Other Long Term Liab 26,699 26,309 7.15 7.00
Total Liabilities 79,659 81,942 21.34
21.81
Total Equity 293,617 293,738 78.66 78.19
CURRENT OPERATIONS
NAICS Code : 33911 Medical Equipment and Supplies Manufacturing
Number of Employees : 1,300
Business Activity :
The Firm is engaged as a manufacturer of medical equipment.
Products include : artery harvesting devices, vascular closure devices, bypass grafts, and patient monitoring systems. The Firm operates under product lines that are aggregated into segments:
Cardiac Assist
Monitoring Products
Interventional Products
Vascular Grafts
The above address owned, and is the headquarters of the Firm and consists of 38,000 square feet of office space. The Firm also operates branches at the following locations :
research and development of intra-aortic balloons
development, manufacturing and warehousing
Hoevelaken, the
Owned offices and the European central warehouse
La
Owned manufacturing and warehousing of vascular
grafts and administrative offices
Owned Patient Monitoring facility - manufactur
and warehousing of patient monitoring
products, research and development and
administrative offices. Manufacturing of
cardiac assist balloon pump systems
Interventional Products facility -
manufacturing, warehousing, research and
development and distribution of
interventional products and administrative
offices. Warehousing, packaging and
distribution of cardiac assist
products. Warehousing, distribution and
administrative offices for Inter Vascular
products
PUBLIC RECORD
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP
Secured Parties: COPELCO CAPITAL, INC.
Filing Date:
Filing Number: 1974933
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Case Type: MISCELLAN
Date:
Defendant:
GEORGE HELLER ARNO NASH DATASCOPE CORP
Filing Type: CIVIL SUIT
Number: 01-CV-03744
Plaintiff Counsel: WILL LEVINS
Plaintiff: DAVID B SHAEV
Status: OPEN
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP.
Secured Parties: FLEET CAPITAL CORPORATION (FOR ITSELF AND/OR AS AGENT)
Filing Date:
Filing Number: 2038418
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP
Secured Parties: COPELCO CAPITAL, INC.
Filing Date:
Filing Number: 1992165
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP
Secured Parties: CIT TECHNOLOGY FINANCING SERVICES, INC.
Filing Date:
Filing Number: 21397592
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORPORATION
Secured Parties: CITICORP VENDOR FINANCE, INC.
Filing Date:
Filing Number: 2064576
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP
Secured Parties: COPELCO CAPITAL, INC.
Filing Date:
Filing Number: 1990093
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORP.
Secured Parties: FLEET CAPITAL CORPORATION
Filing Date:
Filing Number: 1982681
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE CORPORATION
Secured Parties: FLEET BUSINESS CREDIT, LLC
Filing Date:
Filing Number: 20882396
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Debtor Address: DATASCOPE, CORP
15M LAW DRIVE
Secured Parties: WELLS
Filing Date:
Filing Number: 21367892
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Case Type: CONDEMNATN
Date:
Defendant:
Filing Type: CIVIL SUIT
Number: L 003112 03
Plaintiff Counsel:
LICENSE NO: 2016663388
Plaintiff: BOROUGH OF MONTVALE
Status: OPEN
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Case Type: CONTRACT-EMPLOYMENT
Date:
Defendant: VINCENT A BUCCI HEALTH POLICY ASSOCIATES INC DOE 4 JOHN DOES 1-3 JOHN
DATASCOPE CORP, A DE CORPORATION
Filing Type: CIVIL SUIT
Number: L 008809 03
Plaintiff Counsel: FAUGNO & ASSOCIATES LLC
LICENSE NO: 2013421969
Plaintiff: MICHAEL BARILE
Status: OPEN
--------------------------------------------------------------------------------
Name Searched: DATASCOPE CORP
Case Type: CONTRACT-EMPLOYMENT
Date:
Defendant: VINCENT A BUCCI HEALTH POLICY ASSOCIATES INC JOHN DOES 1-4 DATASCOPE
CORP, A DE CORPORATION
Filing Type: CIVIL SUIT
Number: L 010497 04
Plaintiff Counsel: FAUGNO & ASSOCIATES LLC
LICENSE NO: 2013421969
Plaintiff: HARYASH GUGANI
Status: OPEN
--------------------------------------------------------------------------------
No bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public. The status is uncertain as no further information is currently available.
GENERAL COMMENTS
Incorporated in
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)