MIRA INFORM REPORT

 

 

Report Date :

14.06.2011

 

IDENTIFICATION DETAILS

 

Name :

EVENT MEDICAL, INC.

 

 

Registered Office :

2711 Centerville Road Suite 400 Wilmington New Castle De 19808

 

 

Country :

United States

 

 

Date of Incorporation :

10.05.2006

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

 

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

 

Maximum Credit Limit :

50,000 USD.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

EVENT MEDICAL, INC.

 

 

Legal Address

2711 CENTERVILLE ROAD SUITE 400

WILMINGTON NEW CASTLE

DE 19808 USA

 

Operative Address

971 CALLE AMANECER, SUITE 101

SAN CLEMENTE CA 92673 USA

Telephone:

+1 949 492 8368

Registration Number :

4156859

Fax:

+1 949 492 8382

Legal Form:

Corporation for Profit

Email:

international.sales@event-medical.com

Registered in:

Delaware

Website:

www.event-medical.com

Date Created:

March 2000

Manager:

Kirk Inoue

Date Incorporated:

May 10, 2006

Staff:

28

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKS

 

Name of the Bank

UNION BANK

 

BUSINESS

 

HISTORY

 

The company was created in March 2000.

 

In November 2006, eVent Medical took a very important step in its evolution when it became a subsidiary of Kobayashi Medical America LLC, a subsidiary of Kobayashi Pharmaceutical Japan.

PRINCIPAL ACTIVITY

 

The company provides ventilators and respiratory care products.

Products/Services description:

 

Ventilators

Clinically-related materials

Technical service

Sales are:

 

Wholesale

Brands:

 

Inspiration

eVolution

CliniNet

Virtual Report

Clients:

 

Professionals of the ventilator and respiratory care market.

Operations area:

 

National, International

The company does not import

The company export to worldwide

Trade References:

 

The person contacted refused to provide the names of their suppliers  for us to check the trade references.

Competitors:

 

Mckesson Corporation

Cardinal Health, Inc

Amerisourcebergen Corporation

The subject employs 28 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered and single located at the above operative address. The legal address is the one registered at the Secretary of State of Delaware and is that of the registered agent.

Comments on location:

 

The company is incorporated in Delaware for taxes purposes.

However it is headquartered in California.

 

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Management:

 

Management:

Kirk Inoue, Chairman & Chief Executive Officer since November 2006.

 

Takeshi Hoshino, Vice President and Chief Financial Officer since March of 2007.

 

Judy Livengood, Administrative Manager

 

Board of Directors:

Mr. Kirk Inoue

Mr. Takeshi Hoshino

Mr. Akira Horiguchi

Mr. Takafumi Sakaguchi

Mr. Tetsuya Takakura



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted Judy Livengood, Administrative Manager who refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data (estimates):

Currency

DATE

 

USD

2010

 

Turnover

2,900,000

 

The cash flow is

normal

 

 

Currency

DATE

USD

2009

Turnover

2,700,000

The cash flow is

normal



 




Legal Fillings

 There are no UCC files listed with the Secretary of State of California.

 

There are no legal filings listed with the District Court.

 

 

For information:

 

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

 

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.

 

 Final Opinion

 

The company has 11 years in the business.

It is a small sized American company, evolving in a stable sector.

Profitability is correct, indebtedness is controlled, cash is normal and payments are regular.

We did not find a specific adverse record against the subject.

A credit line may be considered for 50,000 USD.

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Judy Livengood

Position

 

Administrative Manager

Comments

 

She confirmed some information in this report, but refused to provide any financial data on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.87

UK Pound

1

Rs.72.83

Euro

1

Rs.64.37

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.