MIRA INFORM
REPORT
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Report Date : |
04.02.2011 |
IDENTIFICATION DETAILS
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Name : |
BIODEX MEDICAL SYSTEMS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.10.1958 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Medical Devices. |
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 400,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Biodex Medical Systems Inc |
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Address in the order: |
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Legal Name: |
BIODEX MEDICAL SYSTEMS, INC. |
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Legal Address |
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Telephone: |
(631) 924-9000 |
ID : |
113624 |
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Fax: |
(631) 924-8355 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1949 |
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Manager: |
James Reiss, President |
Date Incorporated: |
October 2nd, 1958 |
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Staff: |
200 |
Stock: |
2,000,000 |
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Value: |
USD 0.01 |
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Activity: |
Manufactures medical devices |
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BANKS
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Name of the Bank |
THE BANK OF |
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Location |
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BUSINESS
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HISTORY |
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The company was created in 1949. The company changed names several times: In 1958, the company changed its name to YORK ATOMICS CORP. In 1959 to ATOMIC PRODUCTS CORP. In 1987 to ATOMIC PRODUCTS CORPORATION. In 1992 to BIODEX MEDICAL SYSTEMS, INC. |
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PRINCIPAL ACTIVITY |
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Manufactures medical devices. |
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Products/Services description: |
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The company manufactures medical devices, such as: physical medicine
and rehabilitation products, nuclear medicine supplies and accessories, and
medical imaging tables and accessories. |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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Biodex |
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Operations area: |
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National, International |
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The company export to worldwide |
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The subject employs 200 employee(s) |
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PAYMENTS |
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made on a 55 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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Biodex Medical Systems, Inc. |
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Surface area: |
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Comments on location: |
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Headquarters and operative location. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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It apears that Dexela Limited Ziosoft has recently incorporated Biodex
Medical Systems Inc. as part of their portfolio. However, we could not verify this information due to the fact that the
person interviewed refused to provide it. |
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Management: |
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James Reiss, President Carlos Dragovich, VP Operations John Bennett, VP and CFO |
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 Accounts Payable Department, that refused to
provide us any financial data without knowing the name of the inquiring
party. |
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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 |
2008 |
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Turnover |
21,700,000 |
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Operating Income |
164,000 |
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Net Income |
91,000 |
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Net worth |
450,000 |
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Bank liabilities |
100,000 |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of New York. 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 ** 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 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 medium sized American company. It employs 200 people and has
been in business for 61 years. The company`s income remains pretty fair for its size and the business
is evolving in a stable sector. A credit line may be considered for USD 400,000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Accounts Payable Representative |
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Comments |
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The person contacted verified the following information: Legal address President Number of employees The person ended the call, without providing her name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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1 |
Rs.73.37 |
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Euro |
1 |
Rs.62.33 |
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 Company |
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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.