MIRA INFORM REPORT
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Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CALIFORNIA MEDICAL LABORATORIES, INC. |
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Registered Office : |
1570 Sunland Ln, Costa Mesa
Ca 92626 |
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Country : |
United States |
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Date of Incorporation : |
05.02.1993 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesale Physicians and Surgeons Equipment and Supplies. |
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 160,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Comments on the rating:
A Credit line maybe considered
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Calafornia Medical Laboratories Inc |
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Address in the order: |
1570 Sunland Lane Costa Mesa CA 92626 |
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Legal Name: |
CALIFORNIA MEDICAL LABORATORIES, INC. |
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Legal Address |
1570 SUNLAND LN, COSTA MESA CA 92626 USA |
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Telephone: |
(714) 556-7365 |
ID Number : |
C1719757 |
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Fax: |
(714) 556-7997 |
Legal Form: |
Corporation for Profit |
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Email: |
cml@calmedlab.com |
Registered in: |
California |
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Website: |
http://www.calmedlab.com |
Date Created: |
NA |
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Manager: |
Mehmet Bicacki, President |
Date Incorporated: |
Feb.05,1993 |
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Staff: |
50 to 99 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesale Physicians and Surgeons Equipment and Supplies. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK |
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Name of the Bank |
UNION BANK |
BUSINESS
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HISTORY |
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California Medical Laboratories, Inc. was founded in 1993 with the
mission statement to manufacture high quality cardiovascular cannulation
products and bring them to market at affordable prices. |
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PRINCIPAL ACTIVITY |
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Wholesale Physicians and Surgeons Equipment and Supplies The company products are certified with ISO 13485: 1996. Apart form
this the company also FDA registered, EC certified company. |
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Products/Services description: |
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The product portfolio of the company includes cardiovascular
cannulation products, cardioplegia products, vent catheters, suction wands,
beating heart products, accessories and custom cannulation kits. The company products are certified with ISO 13485: 1996. Apart form
this, the company also FDA registered, EC certified company. |
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Sales are: |
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Wholesale |
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Operations area: |
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National |
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Trade References: |
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Despite our long search we were not able to identify the company’s
trade references. |
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The subject employs 50-99 employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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Single location |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Mehmet Bicakci Owner |
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Management: |
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Mehmet Bicakci, President Michael Webb, Vice President Maggie Timmerman Manager Lyn Nichols Finance
Executive |
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Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
$10 to 20 million |
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Legal Fillings |
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There are 2 UCC** files listed with the
Secretary of State of California. Filing Number: 107225491576 Filing Date: 03-15-2010 Secured Party: WELLS FARGO EQUIPMENT FINANCE, INC. Debtor:
CALIFORNIA MEDICAL LABORATORIES, INC. Filing Number: 087163022918 Filing Date: 06-26-2008 Secured Party: WELLS FARGO BANK, N.A. Debtor:
CALIFORNIA MEDICAL LABORATORIES, INC. There are no legal filings listed with the
District Court. The last annual report was filed on 2010. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This is a small company with 18 years of
operations. We did not find any specific adverse
record against the company during the investigation. Its income is correct for its size. A credit line may be considered for USD
160,000 |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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The person contacted confirmed the shareholder location, and activity,
but not financial information for considering it confidential. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.43 |
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UK Pound |
1 |
Rs.71.90 |
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Euro |
1 |
Rs.63.41 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.