MIRA INFORM REPORT
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Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NEWPORT MEDICAL INSTRUMENTS INC |
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Registered Office : |
1620 Sunflower Avenue Costa Mesa CA 92626 |
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Country : |
United States |
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Date of Incorporation : |
09.03.1981 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Orthopedic & Prosthetic Equipment |
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 250,000 |
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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 |
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: |
New Medical Instruments Inc |
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Address in the order: |
1620 Sunflower Avenue Costa Mesa CA 92626 |
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Comments on data supplied: |
Dear client: The company name you provided is that of a non incorporated business
unit. We have learned that the company's real name is NEWPORT MEDICAL
INSTRUMENTS INC; That is why we proceed on making the report under that name. |
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Legal Name: |
NEWPORT MEDICAL INSTRUMENTS INC |
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Legal Address |
1620 Sunflower Avenue Costa Mesa CA 92626 |
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Telephone: |
+1 (714) 427-5811 |
ID : |
C1038517 |
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Fax: |
+1 (714) 427-0489 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
California |
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Website: |
Date Created: |
1981 |
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Manager: |
Philippe Negre, CEO |
Date Incorporated: |
March 9th, 1981 |
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Staff: |
95 employees |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Orthopedic & Prosthetic Equipment |
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BANKS
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Name of the Bank |
SOVEREIGN BANK |
BUSINESS
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HISTORY |
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The company was created in the year 1981. |
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PRINCIPAL ACTIVITY |
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The physician-led company, focused solely on the design and
manufacture of dependable, life improving ventilators that are affordable for
caregivers worldwide. |
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Products/Services description: |
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Ventilator Accessories |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National |
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The company imports from worldwide |
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The company export to worldwide |
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The subject employs 95 employee(s) |
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PAYMENTS |
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regular |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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YASUHIKO SATA, CHAIRMAN OF THE BOARD Philippe Negre, President |
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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We have contacted The receptionist who transferred us to the company's
accountant dept. However we could only got an answering machine. We left a
message though we didn't get an answer yet. |
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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 |
16,400,000 |
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Legal Fillings |
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There are 373 UCC** files listed with the
Secretary of State of California. There are no legal filings listed with the
District Court. 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. |
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Final Opinion |
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This is a medium size company with 95
employees and 30 years of experience. There were no legal filings found against
the company or its legal representatives. We've contacted the company, though they refused
to provide us any financial information on grounds of confidentiality. Our banking sources though, provided us
with the financial figures for the year 2010. The company gave a correct profitability
for that year. A credit line may be considered for USD
250,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
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Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Receptionist |
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Comments |
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She transferred us to the company's accountant dept. However we could
only got an answering machine. We left a message though we didn't get an
answer yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.90 |
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UK Pound |
1 |
Rs.72.54 |
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Euro |
1 |
Rs.63.39 |
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.