MIRA
INFORM REPORT
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Report Date : |
24.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
3M HEALTH INFORMATION SYSTEMS, INC. |
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Registered Office : |
12215 Plum Orchard Drive,
Silver Spring, MD 20904 |
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Country : |
United States |
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Date of Incorporation : |
10.14.1983 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Delivers Comprehensive Software and Consulting Services |
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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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
3M HEALTH INFORMATION SYSTEMS, INC.
Address
12215 Plum Orchard Drive, Silver Spring, MD 20904 –
USA
Telephone : 301-572-3800
Fax : 301-572-3809
Website : www.3MHIS.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
D01623438 Maryland Corporation – Profit 10-14-1983 - - Phil MATRONE |
ACTIVITIES
& OPERATIONS
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Business Staff: |
3M Health Information Systems delivers comprehensive software and
consulting services to help organizations worldwide improve documentation,
quality, and financial performance across the healthcare continuum. 3M offers
integrated solutions for transcription, speech recognition, clinical
documentation improvement, documentation management, computer-assisted
coding, quality, and revenue cycle management, effectively meeting the
industry’s changing needs. 250 |
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Operations & branches: |
At above address, we find
the Corporate office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
3M Co. 3M Company, together with its subsidiaries, operates as a diversified technology
company worldwide. It operates in six segments: Industrial and Transportation; Health
Care; Display and Graphics; Consumer and Office; Safety, Security, and
Protection Services; and Electro and Communications. 3M Company was founded in 1902. Quoted with the NYSE under symbol MMM. |
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Management : |
George W. BUCKLEY is the
President and CEO of the group. Phil MATRONE is Vice
President and CFO of 3M HEALTH INFORMATION SYSTEMS, INC. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
was received.
From our searches, it appears
that revenues are consolidated into the parent company’s.
The business is said to be
profitable.
Banks
Bank of America
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
None |
MARKET
ANALYSIS & FORECAST
In the United States,
during the year 2007:
- 68% of the corporations
in same branch were developing the business on a low risk of late payment,
- 24%, on a medium risk,
and
- 8% on a high risk of late payment.
- 16% of them saw sales
stable versus last 3 years
- 84% declining
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market appears to be
slow.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 94% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 days beyond
terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
The risk is low.
However, we suggest you a
report on the parent company.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 500,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.83 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.67.26 |
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%)