MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPHERIS OPERATIONS LLC. |
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Registered Office : |
9009 Carothers Parkway Franklin TN
37067 |
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Country : |
United States |
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Date of Incorporation : |
03.04.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Legal Reporting Services |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
2,000,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
SPHERIS OPERATIONS LLC. |
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Address: |
9009 Carothers
Parkway Franklin TN 37067 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (615) 261-1500 + 1 (615) 261-1787 0346865 Tennessee Steven Simpson, President
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Date founded: |
03/04/1998
Limited Liability Company N.A. 3800 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Legal reporting services |
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BANKS
JP Morgan Chase Bank
BUSINESS
Operations & Operations:
Spheris Operations Llc. is
the subsidiary of Spheris Inc. The company is specialized in the legal
reporting services and is located in Franklin, Tennessee.
Industry Overview:
The US federal government each year spends about $500 billion to buy
goods and services, including $240 billion for Medicare, $150 billion for defense,
and $100 billion for non-defense items. State and local governments spend an
additional $150 billion on capital projects, such as highways, bridges, and
public buildings. Government contractors include large corporations, like
Lockheed Martin and Boeing; academic institutions, like the University of
California and California Institute of Technology; healthcare companies, like
AmeriSourceBergen; and tens of thousands of smaller companies.
The government contracting industry is highly fragmented, but at the
federal level there is concentration at the top. The 100 largest federal
contractors receive about 60 percent of procurement dollars.
Demand is driven by the expanding needs of governments and the trend
toward outsourcing. The profitability of individual contracts depends on
efficiency, because most contracts have a fixed price. Large companies have
advantages in getting large contracts and may have greater expertise in the
contracting process, but small companies can compete successfully for most
contracts by offering the lowest price. Although some government contracts can
be handled only by large companies, small companies can be very competitive by
supplying specialized products or services, or by working as subcontractors.
Some programs set funds aside specifically for small businesses.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Steven Simpson, President.
The parent company is
Spheris Inc.
Spheris Inc.
20 Cool Springs Blvd # 200
Franklin, TN 37067-7256
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Spheris Operations Llc. does not publish
any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
546,000,000 |
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Operating Profit |
64,000,000 |
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Net Income |
56,000,000 |
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Net Worth |
90,000,000 |
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Liabilities |
13,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2006 by Dell
Financial Services securing Equipment.
Amount : NA
1 UCC Filing in 2006 by JP
Morgan Chase Bank. Security &
Amount: NA
All previous UCC Filings
have been cleared
RATING
Local credit bureau gave a very satisfying credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a 35
days basis (monitored during the past 12 months).
The cash is large.
Our final opinion:
This is a large company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Large Controlled Large |
PUBLIC PAYMENTS |
See Details
Above Regular |
ADVISED
CREDIT
2,000,000 USD
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%)