MIRA
INFORM REPORT
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Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SANDHILL
SCIENTIFIC, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1981 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Designs,
manufactures and distributes innovative diagnostic products focused on gastroenterology. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SANDHILL
SCIENTIFIC, INC.
Address:
City:
State/Province:
Zip Code: 80129
Country: UNITED
STATES
Telephone: 303-470-7020
Facsimile: 303-470-2975
Founded
(D/M/Y): / /1981
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
35
Legal Form: Corporation
- Private
Website: www.sandhillsci.com
Business Activity: The Subject designs, manufactures and
distributes innovative diagnostic products
focused on
gastroenterology.
NOTE TO CLIENT
We contacted the
company and spoke to Mr. Dennis Meyer, Controller, who provided information
about the company.
Please note that we
did send a written request to his attention via facsimile for further
information. An update will be provided accordingly should we receive a
response at a later time.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 03/11/1992
State/Province of
Incorporation: CO
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Name: SANDHILL SCIENTIFIC, INC.
ID Number: 19921106275
Registered
Agent: RICK JORY
Registered Agent
Address: 9150 COMMERCE CENTER CIRCLE SU,
Principal Office
Address: 9150 COMMERCE CENTER CIRCLE SU,
Highlands
Status: Good Standing
Form: Corporation
Jurisdiction:
Formation Date: 11/03/1992
Term of
Duration: Perpetual
Annual Report
Month: November
Managers/Key
Personnel
Mr. Robert
Chambers Chairman Of The Board Of Directors
Mr. Jerry
Mabary Vice President
Mr. Rick Jory Chief Executive Officer
Mr. Dennis
Meyer Controller
AFFILIATED ENTITIES
There are no known
affiliates or subsidiaries.
BANKS
Colorado Business
Bank
Telephone:
303.293.2265
Facsimile:
303-293-0700
Account Number:
Account Manager:
The above-mentioned
bank has been contacted. In the event a response is received, we will update
the information immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-08 00-00 NET 30 0
0 0 0
0 0 0
CUST 3 YR
AIR TRANS
07-06 00-00 0000000 1600 700 100 0
0 0 0
CUST 25 YR
FINCL SVCS 07-07 00-00 NET 0
0 0 0
0 0 0
CUST 2 YR
FREIGHT
07-04 07-03 VARIED 11900 1200
100 0 0 0 0
FRGHT FWRD 07-08 01-05 NET 30 0
0 0 0
0 0 0
PLUMBING
07-05 05-04 NET30 0 0
0 0 0
0 0 CUST
2 YR
TELECOM
07-08 00-00 NET 30 100 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0
0 0 CUST
5 YR
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0
0 0 0
COMPUTERS
05-11 00-00 UNK 0 0
0 0 0
0 0 CUST
1 YR
ELEC DISTR 05-12 00-00 COD 0
0 0
0 0 0 0
GENERAL
05-02 04-01 NET 60 0 0
0 0 0
0 0 CUST
3 YR
LEASING
07-06 00-00 CONTRCT 800
0 0 0
0 0 0
LEASING
04-09 04-09 NOTE 0 0
0 0 0
0 0
OFFC SUPPL 04-09 04-07 NET 300
0 0 0 0 0
0 CUST 1 YR
OFFC SUPPL 07-01 00-00 CREDIT 800
0 0 0
0 0 0
OFFC SUPPL 06-11 00-00 NET 30 1200
1200 100 0 0
0 0
TELECOM
05-07 05-05 NET 30 100 100
100 0 0 0
0 EXLENT ACC
CURRENT QUARTER 13700 1900
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 10 0 1900 100 0
0 0 0
20070700
0 10 0 1900 100 0
0 0 0
20070600
0 9 0 1700 100 0
0 0 0
20070500
0 9 0 1700 100 0
0 0 0
20070400
0 9 0 500 100 0
0 0 0
20070300
0 9 0 200 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 1800 100 0 0
0 0
First
2007 0 300 100 0
0 0 0
Fourth
2006 0 600 100 0
0 0 0
Third
2006 1 1400 92
8 0 0 0
Second
2006 2 2300
86 14 0
0 0
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response.
According to an
outside source, the Subject has annual sales in the $2.7 million USD range.
HISTORY
PREVIOUS NAME:
SANDHILL SCIENTIFIC USA, INC.
CURRENT OPERATIONS
NAICS Code: 339112
Surgical and Medical Instrument Manufacturing
SIC Code: 3841
Number of Employees:
35
Business Activity:
The Subject designs,
manufactures and distributes innovative diagnostic products focused on
gastroenterology. The Subject manufactures products under three main
categories: reflux monitoring, which includes products that test and monitor
acid reflux, motility, which includes products that test and monitor the
esophagus, and liver function monitors.
The heading address
is the sole location for the Company. The facility is leased.
PUBLIC RECORD
No tax liens or
civil judgments were found against the Company.
A search of bankruptcy
courts revealed no record of the Subject filing for bankruptcy.
The following UCC
filings have been filed by the Subject:
Name Searched:
SANDHILL SCIENTIFIC
Debtor Address:
SANDHILL SCIENTIFIC INC
HIGHLANDS RANCH, CO
80126
Secured Parties:
COLORADO BUSINESS BANK
Filing Date:
5/2/2005
Filing Number:
2005F046649
Filing Type:
CONTINUATION
Original Filing
Number: 19952078739
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Name Searched:
SANDHILL SCIENTIFIC
Debtor Address: SANDHILL
SCIENTIFIC, INC.
SANDHILL SCIENTIFIC,
INC.
9150
HIGHLANDS RANCH, CO
80129
Secured Parties:
COLORADO BUSINESS BANK
Filing Date:
5/24/2002
Filing Number:
2002F055574
Filing Type:
AMENDMENT
Original Filing
Number: 952078739
-----------------------------------------------
Name Searched:
SANDHILL SCIENTIFIC
Debtor Address:
SANDHILL SCIENTIFIC, INC.
9150
HIGHLANDS RANCH, CO
80129
Secured Parties:
COLORADO BUSINESS BANK, N.A.
Filing Date:
6/26/2001
Filing Number:
2001F015403
Filing Type:
AMENDMENT
Original Filing
Number: 19952078739
---------------------------------------------
Name Searched:
SANDHILL SCIENTIFIC
Debtor Address:
SANDHILL SCIENTIFIC, INC.
HIGHLANDS RANCH, CO
80129
Secured Parties: DE
LAGE LANDEN FINANCIAL SERVICES, INC (ASSIGNEE) DYNAMIC FUNDING, INC.
Filing Date:
9/7/2005
Filing Number:
2005F093472
Filing Type: INITIAL
FILING
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Name Searched:
SANDHILL SCIENTIFIC
Debtor Address:
SANDHILL SCIENTIFIC, INC.
SANDHILL SCIENTIFIC,
INC.
9150 COMMERCE CNTR
CIR 500
HIGHLANDS RANCH, CO
80129
Secured Parties:
COLORADO BUSINESS BANK
Filing Date:
5/24/2002
Filing Number:
2002F055853
Filing Type:
AMENDMENT
Original Filing Number:
952078739
GENERAL COMMENTS
The Subject designs,
manufactures and distributes innovative diagnostic products focused on
gastroenterology since 1992. The Company has a satisfactory payment record. No tax
liens or civil judgments were found against the Company. A search of bankruptcy
courts revealed no record of the Subject filing for bankruptcy. The Firm should
be considered responsible for normal business transactions.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)