MIRA INFORM REPORT

 

 

Report Date :

23.11.2012

 

IDENTIFICATION DETAILS

 

Name :

MEDTRONIC TRADING NL B.V.

 

 

Registered Office :

Earl Bakkenstraat 10 Heerlen, 6422 PJ

 

 

 

 

Country :

Netherlands

 

 

 

 

Financials (as on) :

29.04.2011

 

 

 

 

Date of Incorporation :

31.10.2005

 

 

 

 

Com. Reg. No.:

14086470

 

 

 

 

Legal Form :

Private Subsidiary

 

 

 

 

Line of Business :

Wholesale of a variety of goods without any particular specialisation

 

 

 

 

No. of Employees :

116

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA


COMPANY NAME AND ADDRESS

 

MEDTRONIC TRADING NL B.V.             

 

Earl Bakkenstraat 10

Heerlen, 6422 PJ

Netherlands

 

Tel: +31 045-5668800

Fax: +31 045-5668276

 

Employees:                   116

Company Type:             Private Subsidiary

Corporate Family:          218 Companies

Ultimate Parent:             Medtronic, Inc.

 

Incorporation Date:         31-Oct-2005

Financials in:                 USD (Millions)

 

Fiscal Year End:            29-Apr-2011

Reporting Currency:       Euro

Annual Sales:                75.4

Total Assets:                 358.8

 

 

Business Description          

 

 

Medtronic Trading Nl B.V. is primarily engaged in specialised wholesale not covered in one of the previous categories; and wholesale of a variety of goods without any particular specialisation.

 

 

Industry      

 

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5190 - Other wholesale

NAICS 2002:

423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5190 - Other wholesale

UK SIC 2007:

4690 - Non-specialised wholesale trade

US SIC 1987:

5047 - Medical, Dental, and Hospital Equipment and Supplies

 

 

Key Executives   

             

 

Name

Title

Jozef Merkun

Managing director

Bart Van De Kerkhof

Managing director

B. Corten

Personnel manager

Mette-Marie Harild

Member of the board

Wouter Kloprogge

Member of the board

 

Registered No.(NLD):     14086470

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7531301
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6740361

 

 

Corporate Overview

 

Location
Earl Bakkenstraat 10
Heerlen, 6422 PJ
Netherlands

 

Tel:+31 045-5668800

Fax:+31 045-5668276

 

 

Sales EUR(mil):             56.8

Assets EUR(mil):           241.9

Employees:                   116

Fiscal Year End:            29-Apr-2011

 

 

Industry:                        Miscellaneous Capital Goods

 

Incorporation Date:         31-Oct-2005

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(NLD):     14086470

 

 

Managing director:         Jacobus Van Der Vorst

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190

-

Other wholesale

 

NAICS 2002 Codes:

423990

-

Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5047

-

Medical, Dental, and Hospital Equipment and Supplies

 

UK SIC 2003:

5190

-

Other wholesale

 

UK SIC 2007:

4690

-

Non-specialised wholesale trade

 

 

Business Description

 

Medtronic Trading Nl B.V. is primarily engaged in specialised wholesale not covered in one of the previous categories; and wholesale of a variety of goods without any particular specialisation.

 

 

Financial Data

 

Financials in:

EUR(mil)

1 Year Growth

Revenue:

56.8

51.8%

Assets:

241.9

NA

Current Assets:

240.4

 

Total Liabilities:

241.9

 

Net Worth:

28.9

 

Date of Financial Data:

29-Apr-2011

 

 

 

Key Corporate Relationships

 

Bank:    Bank of America National Trust and Savings Association

 

 

Corporate Structure News

 

Medtronic, Inc.
Medtronic Trading Nl B.V.
Total Corporate Family Members: 218



Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Medtronic, Inc.

Parent

Minneapolis, MN

United States

Medical Equipment and Supplies

16,184.0

45,000

Medtronic, Inc./ Cardiac Rhythms Management Business Inc.

Division

Minneapolis, MN

United States

Medical Equipment and Supplies

 

12,000

Medtronic Diabetes, Inc

Subsidiary

Northridge, CA

United States

Medical Equipment and Supplies

676.2

3,000

Medtronic Diabetes Therapy

Branch

Clarkston, MI

United States

Medical Equipment and Supplies

3.9

12

Medtronic Diabetes Therapy

Branch

San Antonio, TX

United States

Medical Equipment and Supplies

3.9

12

Medtronic Vascular Holdings Limited

Subsidiary

Galway

Ireland

Medical Equipment and Supplies

244.5

2,000

Medtronic Vascular Connaught

Subsidiary

Dublin

Ireland

Business Services

21.7

 

Medtronic MiniMed, Inc.

Subsidiary

Northridge, CA

United States

Healthcare Facilities

0.7

2,000

Medtronic Vascular

Division

Santa Rosa, CA

United States

Medical Equipment and Supplies

 

2,000

Medtronic Inc

Branch

Memphis, TN

United States

Medical Equipment and Supplies

483.0

1,500

Medtronic Puerto Rico, Inc.

Subsidiary

Villalba, PR

United States

Medical Equipment and Supplies

 

1,500

Medtronic Microelectronics Center

Division

Tempe, AZ

United States

Medical Equipment and Supplies

856.5

1,400

Medtronic, Inc.

Subsidiary

Sunnyvale, CA

United States

Medical Equipment and Supplies

48.3

1,200

Kyphon UK Ltd.

Subsidiary

Brentford

United Kingdom

Medical Equipment and Supplies

 

 

Medtronic Energy & Component Center

Division

Brooklyn Center, MN

United States

Medical Equipment and Supplies

 

1,000

Medtronic Inc

Branch

Brooklyn Center, MN

United States

Medical Equipment and Supplies

290.1

901

Medtronic Neurological

Division

Minneapolis, MN

United States

Medical Equipment and Supplies

 

850

Medtronic BV

Subsidiary

Heerlen

Netherlands

Medical Equipment and Supplies

130.4

750

Vitatron B.V.

Subsidiary

Maastricht

Netherlands

Medical Equipment and Supplies

 

250

Medtronic Bakken Research Center B.V.

Subsidiary

Maastricht

Netherlands

Healthcare Facilities

 

220

Medtronic Trading Nl B.V.

Subsidiary

Heerlen, Limburg

Netherlands

Miscellaneous Capital Goods

75.4

116

Medtronic Sofamor Danek Deggendorf GmbH

Subsidiary

Deggendorf, Bayern

Germany

Medical Equipment and Supplies

29.4

97

China Kanghui Holdings

Subsidiary

Changzhou, Jiangsu

China

Medical Equipment and Supplies

35.9

742

Recently acquired (previously owned by China Kanghui Holdings (ADR)).See corporate structure news on Medtronic, Inc. for details

Medtronic ENT

Subsidiary

Jacksonville, FL

United States

Medical Equipment and Supplies

225.4

724

Medtronic Opthalmics

Division

Jacksonville, FL

United States

Medical Equipment and Supplies

 

560

Medtronic International Trading SARL

Subsidiary

Tolochenaz

Switzerland

Miscellaneous Financial Services

 

700

Medtronic GmbH

Subsidiary

Meerbusch

Germany

Medical Equipment and Supplies

178.0

655

Medtronic GmbH

Division

Meerbusch

Germany

Medical Equipment and Supplies

 

25

Medtronic Iberica Sa

Subsidiary

Madrid

Spain

Medical Equipment and Supplies

90.0

291

Medtronic AB

Subsidiary

Jarfalla

Sweden

Medical Equipment and Supplies

 

160

Medtronic Poland Sp.z.o.o.

Subsidiary

Warsaw

Poland

Medical Equipment and Supplies

 

150

Medtronic Belgium

Subsidiary

Bruxelles

Belgium

Medical Equipment and Supplies

43.8

143

Medtronic Oesterreich G.m.b.H.

Subsidiary

Vienna

Austria

Retail (Specialty)

26.3

90

Medtronic Israel

Subsidiary

Herzliya Pituach

Israel

Medical Equipment and Supplies

 

70

Medtronic Czechia s.r.o.

Subsidiary

Prague

Czech Republic

Medical Equipment and Supplies

 

51

India Medtronic Private Limited

Subsidiary

Baroda, Gujarat

India

Medical Equipment and Supplies

 

50

Medtronic (Schweiz) AG

Subsidiary

Munchenbuchsee

Switzerland

Medical Equipment and Supplies

 

30

Medtronic Hungary Limited

Subsidiary

Budapest

Hungary

Medical Equipment and Supplies

 

20

Medtronic Denmark A/S

Subsidiary

Copenhagen

Denmark

Medical Equipment and Supplies

 

 

Medtronic Interventional Vascular Inc.

Subsidiary

Danvers, MA

United States

Medical Equipment and Supplies

 

650

Medtronic Inc

Branch

Columbia Heights, MN

United States

Medical Equipment and Supplies

193.2

600

Medtronic Sofamor Danek, Inc.

Subsidiary

Memphis, TN

United States

Medical Equipment and Supplies

193.2

600

Soc Fabrication De Materiel Orthopedique

Subsidiary

Boulogne Billancourt

France

Biotechnology and Drugs

 

 

Invatec SpA

Subsidiary

Roncadelle, Brescia

Italy

Engineering Consultants

30.2

600

Medtronic Inc

Branch

Warsaw, IN

United States

Medical Equipment and Supplies

144.9

450

Medtronic Australasia Pty. Ltd.

Subsidiary

North Ryde , NSW

Australia

Medical Equipment and Supplies

29.3

450

Medtronic Ltd.

Subsidiary

Watford

United Kingdom

Medical Equipment and Supplies

89.9

404

Medtronic Vascular

Branch

Danvers, MA

United States

Medical Equipment and Supplies

128.8

400

Medtronic Japan Co., Ltd.

Subsidiary

Tokyo

Japan

Medical Equipment and Supplies

1.0

400

Medtronic France SAS

Subsidiary

Boulogne Billancourt

France

Medical Equipment and Supplies

428.0

374

Medtronic Fabrication

Subsidiary

Fourmies

France

Medical Equipment and Supplies

12.3

34

Medtronic Cardiovascular

Branch

Brooklyn Park, MN

United States

Medical Equipment and Supplies

117.5

365

Medtronic Puerto Rico Operation

Subsidiary

Juncos

Puerto Rico

Medical Equipment and Supplies

125.0

360

Medtronic Navigation, Inc.

Subsidiary

Louisville, CO

United States

Medical Equipment and Supplies

112.7

350

Medtronic

Division

Parker, CO

United States

Medical Equipment and Supplies

31.1

350

Medtronic Perfusion Systems

Subsidiary

Brooklyn Park, MN

United States

Medical Equipment and Supplies

 

331

ATS Medical, Inc.

Subsidiary

Minneapolis, MN

United States

Miscellaneous Fabricated Products

75.7

321

3F Therapeutics, Inc.

Subsidiary

Lake Forest, CA

United States

Medical Equipment and Supplies

9.1

40

ATS Medical France

Subsidiary

Boulogne

France

Medical Equipment and Supplies

 

8

ATS Medical GmbH

Subsidiary

Berlin

Germany

Medical Equipment and Supplies

 

4

ATS Medical China

Subsidiary

Shanghai

China

Medical Equipment and Supplies

 

 

Medtronic Surgical Technologies

Division

Louisville, CO

United States

Medical Equipment and Supplies

780.0

300

Medtronic Neurosurgery

Division

Goleta, CA

United States

Medical Equipment and Supplies

149.5

300

Medtronic

Division

Eatontown, NJ

United States

Medical Equipment and Supplies

96.7

297

OST Developpement SA

Subsidiary

Clermont-Ferrand, Cedex 2

France

Biotechnology and Drugs

 

20

Osteotech Inc

Subsidiary

Eatontown, NJ

United States

Medical Equipment and Supplies

86.9

270

Ost-Developpement

Subsidiary

Clermont Ferrand

France

Biotechnology and Drugs

7.2

34

Medtronic Powered Surgical Sltns

Branch

Fort Worth, TX

United States

Medical Equipment and Supplies

86.9

270

Medtronic of Canada Ltd.

Subsidiary

Mississauga, ON

Canada

Medical Equipment and Supplies

233.9

260

Vitatron Holding B.V.

Subsidiary

Maastricht

Netherlands

Medical Equipment and Supplies

6.0

220

Vitatron Belgium

Subsidiary

Bruxelles

Belgium

Medical Equipment and Supplies

0.0

 

CryoCath Technologies Inc

Subsidiary

Kirkland, QC

Canada

Medical Equipment and Supplies

39.3

200

Medtronic Korea Co Ltd

Subsidiary

Seoul

Korea, Republic of

Medical Equipment and Supplies

86.7

160

India Medtronic Private Limited

Subsidiary

Mumbai, Maharashtra

India

Medical Equipment and Supplies

1.0

130

Medtronic International, Ltd.

Subsidiary

Causeway Bay

Hong Kong

Medical Equipment and Supplies

38.0

100

Medtronic Asia, Ltd.

Subsidiary

Seoul

Korea, Republic of

Medical Equipment and Supplies

 

60

Medtronic AB

Subsidiary

Kista

Sweden

Medical Equipment and Supplies

65.6

89

Medtronic Xomed Instrumentation SAS

Subsidiary

Saint-Aubin-le-Monial, Allier

France

Medical Equipment and Supplies

15.4

74

Medtronic Hellas S.A.

Subsidiary

Halandri

Greece

Medical Equipment and Supplies

15.7

71

KRAUTH Medical KG (GmbH & Co)

Subsidiary

Hamburg, Hamburg

Germany

Medical Equipment and Supplies

40.0

70

Medtronic Portugal - Comercio e Distribuicao de Aparelhos Medicos Lda

Subsidiary

Lisbon

Portugal

Medical Equipment and Supplies

15.4

70

Medtronic Cardiac Rhythm Management

Division

Minneapolis, MN

United States

Medical Equipment and Supplies

 

70

Medtronic (Africa) (Pty) Ltd

Subsidiary

Johannesburg, Gauteng

South Africa

Medical Equipment and Supplies

 

65

Medtronic Danmark A/S

Subsidiary

København S

Denmark

Medical Equipment and Supplies

0.0

56

Medtronic Ablation Frontiers LLC

Subsidiary

Carlsbad, CA

United States

Medical Equipment and Supplies

 

55

PEAK Surgical Inc

Subsidiary

Palo Alto, CA

United States

Medical Equipment and Supplies

 

50

Medtronic Comercial Ltda

Subsidiary

Sao Paulo, Sao Paulo

Brazil

Medical Equipment and Supplies

3.8

48

Medtronic Inc

Branch

Dallas, TX

United States

Medical Equipment and Supplies

26.9

45

Medtronic Ventor Technologies Ltd

Subsidiary

Netanya

Israel

Medical Equipment and Supplies

3.0

45

Medtronic Norge AS

Subsidiary

Lysaker

Norway

Medical Equipment and Supplies

11.7

36

Medtronic Ireland Limited

Subsidiary

Swords, Dublin

Ireland

Medical Equipment and Supplies

8.6

35

Kyphon Sàrl

Subsidiary

Neuchâtel, Neuchâtel

Switzerland

Medical Equipment and Supplies

 

35

Medtronic Italia SpA

Subsidiary

Sesto San Giovanni, MI

Italy

Medical Equipment and Supplies

147.3

503

S.F.M.T. Europe B.V.

Subsidiary

Heerlen, Limburg

Netherlands

Miscellaneous Capital Goods

 

5

Ltd Medtronic International

Subsidiary

Singapore

Singapore

Medical Equipment and Supplies

 

35

Medtronic, S. De R.L. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Medical Equipment and Supplies

 

33

Medtronic Inc

Branch

Durham, NC

United States

Medical Equipment and Supplies

18.5

31

Medtronic Finland OY

Subsidiary

Helsinki

Finland

Medical Equipment and Supplies

10.7

30

Medtronic Inc

Branch

Sacramento, CA

United States

Medical Equipment and Supplies

9.7

30

Medtronic CryoCath LP

Subsidiary

Pointe-Claire, QC

Canada

Business Services

38.9

29

Medtronic Inc

Branch

Woodland Hills, CA

United States

Medical Equipment and Supplies

17.3

29

Medtronic Inc

Branch

Austin, TX

United States

Medical Equipment and Supplies

16.7

28

Medtronic Advanced Energy LLC

Subsidiary

Portsmouth, NH

United States

Medical Equipment and Supplies

65.8

25

Medtronic Latin America

Branch

Doral, FL

United States

Medical Equipment and Supplies

15.0

25

Medtronic Medikal Teknoloji Ticaret Ltd Sti

Subsidiary

Istanbul (Anatolia)

Turkey

Medical Equipment and Supplies

 

25

Medtronic Inc

Branch

Minneapolis, MN

United States

Medical Equipment and Supplies

7.7

24

Medtronic Inc

Branch

Little Rock, AR

United States

Medical Equipment and Supplies

13.8

23

Medtronic CRM Division

Branch

Memphis, TN

United States

Medical Equipment and Supplies

7.1

22

Medtronic Inc

Branch

Oklahoma City, OK

United States

Medical Equipment and Supplies

6.8

21

Medtronic Inc

Branch

Bellevue, WA

United States

Medical Equipment and Supplies

12.0

20

Medtronic Inc

Branch

Portland, OR

United States

Medical Equipment and Supplies

12.0

20

Medtronic Inc

Branch

Latham, NY

United States

Medical Equipment and Supplies

12.0

20

Medtronic Inc

Branch

West Des Moines, IA

United States

Medical Equipment and Supplies

6.4

20

Medtronic Hungaria Kereskedelmi Kft

Subsidiary

Budapest

Hungary

Medical Equipment and Supplies

 

20

Medtronic Inc

Branch

Parsippany, NJ

United States

Medical Equipment and Supplies

6.1

19

Medtronic Blood Systems

Branch

Corona, CA

United States

Medical Equipment and Supplies

10.2

17

Medtronic Inc

Branch

San Antonio, TX

United States

Medical Equipment and Supplies

5.5

17

Medtronic Inc

Branch

Bel Air, MD

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Baton Rouge, LA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Redding, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Minneapolis, MN

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Hayward, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Spinal & Biologics

Branch

Novi, MI

United States

Medical Equipment and Supplies

3.9

12

Medtronic Core Valve LLC

Subsidiary

Irvine, CA

United States

Healthcare Facilities

3.9

12

Medtronic Inc

Branch

Wexford, PA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Cary, NC

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Elizabeth, NJ

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Sandy Hook, CT

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Upland, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

San Diego, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Tempe, AZ

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Santa Rosa, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Laguna Niguel, CA

United States

Medical Equipment and Supplies

3.9

12

Medtronic Inc

Branch

Woods Cross, UT

United States

Medical Equipment and Supplies

6.6

11

Ardian, Inc.

Subsidiary

Palo Alto, CA

United States

Medical Equipment and Supplies

 

11

Medtronic Inc

Branch

Jacksonville, FL

United States

Medical Equipment and Supplies

3.2

10

Medtronic Inc

Branch

Memphis, TN

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Olive Branch, MS

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Minneapolis, MN

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Memphis, TN

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Harrisburg, PA

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Albany, NY

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

East Syracuse, NY

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Rocky Hill, CT

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Roseville, CA

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Edgewater, MD

United States

Medical Equipment and Supplies

5.4

9

Medtronic Neurological

Branch

Denver, NC

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Ballston Spa, NY

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Melbourne, FL

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Byron, IL

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Memphis, TN

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Worcester, MA

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Lancaster, PA

United States

Medical Equipment and Supplies

5.4

9

Medtronic Neurological

Branch

Shawnee Mission, KS

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Parsippany, NJ

United States

Medical Equipment and Supplies

5.4

9

Medtronic Sales & Services

Branch

Burlington, MA

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Houston, TX

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Louisville, KY

United States

Medical Equipment and Supplies

5.4

9

Medtronic Inc

Branch

Birmingham, AL

United States

Medical Equipment and Supplies

5.4

9

Medtronic Synectics AB

Subsidiary

Stockholm

Sweden

Personal and Household Products

75.0

8

Medtronic Inc

Branch

Washington, DC

United States

Medical Equipment and Supplies

4.2

7

Medtronic Inc

Branch

Honolulu, HI

United States

Medical Equipment and Supplies

5.4

6

Medtronic Inc

Branch

Evansville, IN

United States

Medical Equipment and Supplies

3.6

6

Medtronic Inc

Branch

Spokane, WA

United States

Medical Equipment and Supplies

3.6

6

Medtronic Spinal & Biologics

Branch

Deerfield Beach, FL

United States

Medical Equipment and Supplies

1.9

6

Medtronic Inc

Branch

Humble, TX

United States

Medical Equipment and Supplies

5.4

5

Medtronic Spinal & Biologics

Branch

Franklin, TN

United States

Medical Equipment and Supplies

3.0

5

Medtronic Inc

Branch

Osseo, MN

United States

Medical Equipment and Supplies

3.0

5

Medtronic R&D Diabetes Denmark A/S

Subsidiary

Horsholm

Denmark

Medical Equipment and Supplies

2.3

5

Medtronic Inc

Branch

Sarasota, FL

United States

Medical Equipment and Supplies

1.6

5

Medtronic Inc

Branch

Langhorne, PA

United States

Medical Equipment and Supplies

2.4

4

Medtronic Inc

Branch

Las Vegas, NV

United States

Medical Equipment and Supplies

2.4

4

Medtronic Inc

Branch

Greenwood Vlg, CO

United States

Medical Equipment and Supplies

1.3

4

Medtronic Sofamor Danek USA, Inc.

Subsidiary

Memphis, TN

United States

Medical Equipment and Supplies

0.7

4

Medtronic Inc

Branch

Jacksonville Bch, FL

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Holdingford, MN

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Metairie, LA

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Charlotte, NC

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Oak Brook, IL

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

San Francisco, CA

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Princeton, MN

United States

Medical Equipment and Supplies

1.8

3

Medtronic Spinal & Biologics

Branch

Little Rock, AR

United States

Medical Equipment and Supplies

1.8

3

Ablation Frontiers L.L.C.

Subsidiary

Carlsbad, CA

United States

Medical Equipment and Supplies

1.8

3

Medtronic Inc

Branch

Louisville, KY

United States

Medical Equipment and Supplies

1.0

3

Setagon, Inc.

Subsidiary

Charlottesville, VA

United States

Personal and Household Products

 

3

Medtronic Inc

Branch

Novi, MI

United States

Medical Equipment and Supplies

1.2

2

Medtronic Spinal & Biologics

Branch

Meridian, ID

United States

Medical Equipment and Supplies

1.2

2

Medtronic Inc

Branch

Manalapan, NJ

United States

Medical Equipment and Supplies

0.6

2

Medtronic Inc

Branch

Leesburg, VA

United States

Medical Equipment and Supplies

0.6

2

Medtronic Inc

Branch

Maple Grove, MN

United States

Medical Equipment and Supplies

0.6

1

Medtronic Neurological

Branch

Spokane, WA

United States

Medical Equipment and Supplies

0.6

1

Medtronic Claims Systems

Branch

Dallas, TX

United States

Investment Services

0.2

1

Medtronic Puerto Rico, Inc.

Subsidiary

Villalba

Puerto Rico

Scientific and Technical Instruments

75.0

 

Medtronic Physio-Control Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Medtronic Europe Sarl

Subsidiary

Tolochenaz

Switzerland

Medical Equipment and Supplies

 

 

Medtronic (Taiwan) Ltd.

Subsidiary

Taipei

Taiwan

Medical Equipment and Supplies

 

 

Kyphon Italia S.r.l.

Subsidiary

Saronno

Italy

Medical Equipment and Supplies

 

 

Medtronic Slovakia o.z.

Subsidiary

Bratislava

Slovakia

Medical Equipment and Supplies

 

 

Kyphon Nippon K.K.

Subsidiary

Tokyo

Japan

Medical Equipment and Supplies

 

 

Kyphon South Africa (Pry) Ltd.

Subsidiary

Milnerton

South Africa

Medical Equipment and Supplies

 

 

Medtronic (Thailand) Limited

Subsidiary

Bangkok

Thailand

Medical Equipment and Supplies

 

 

Medtronic WTC

Subsidiary

Even Yehuda

Israel

Medical Equipment and Supplies

 

 

Vitatron GmbH

Subsidiary

Wiener Neudorf

Austria

Medical Equipment and Supplies

 

 

Medtronic Mediterranean SAL

Subsidiary

Beirut

Lebanon

Medical Equipment and Supplies

 

 

Medtronic Medical Appliance

Subsidiary

Beijing

China

Medical Equipment and Supplies

 

 

Invatec, Inc.

Subsidiary

Bethlehem, PA

United States

Medical Equipment and Supplies

 

 

B.V. Medtronic FSC

Subsidiary

Heerlen

Netherlands

Medical Equipment and Supplies

 

 

Medtronic Ardian LLC

Subsidiary

Mountain View, CA

United States

Medical Equipment and Supplies

 

 

Medtronic Weigao Orthopaedic Device Company Limited

Subsidiary

Weihai

China

Medical Equipment and Supplies

 

 

Medtronic PS Medical, Inc.

Subsidiary

Goleta, CA

United States

Medical Equipment and Supplies

 

 

Medtronic Xomed, Inc.

Subsidiary

Jacksonville, FL

United States

Medical Equipment and Supplies

 

 

Krauth Cardio-Vascular GmbH

Subsidiary

Hamburg

Germany

Medical Equipment and Supplies

 

 

Sanatis GmbH

Subsidiary

Hessen

Germany

Medical Equipment and Supplies

 

 

Medtronic Spine LLC

Subsidiary

Sunnyvale, CA

United States

Medical Equipment and Supplies

 

 

SpinalGraft Technologies, LLC

Subsidiary

Memphis, TN

United States

Medical Equipment and Supplies

 

 

Medtronic ATS Medical, Inc.

Subsidiary

Minneapolis, MN

United States

Medical Equipment and Supplies

 

 

Medtronic Latin America, Inc.

Subsidiary

Buenos Aires

Argentina

Retail (Specialty)

 

 

Medtronic (Shanghai) Management Co. Ltd.

Subsidiary

Shanghai, Shanghai

China

Medical Equipment and Supplies

 

 

 

 

Board of Directors

 

 

Name

Title

Function

Mette-Marie Harild

 

Member of the board

Director/Board Member

Wouter Kloprogge

 

Member of the board

Director/Board Member

Peter Kraus

 

Member of the board

Director/Board Member

Engelbert Leeters

 

Member of the board

Director/Board Member

Gabrielle Limpens

 

Member of the board

Director/Board Member

Xiaoxia Ma

 

Member of the board

Director/Board Member

Roy Quaedackers

 

Member of the board

Director/Board Member

Arthur Smourigin

 

Member of the board

Director/Board Member

Claudia Swinnen

 

Member of the board

Director/Board Member

Leendert Van Bree

 

Member of the board

Director/Board Member

Robert Van Geffen

 

Member of the board

Director/Board Member

Franciscus Van Herpen

 

Member of the board

Director/Board Member

Nathalie Van Vught

 

Member of the board

Director/Board Member

Maud Vossen

 

Member of the board

Director/Board Member

 

 

 

Executives

 

 

Name

Title

Function

Jozef Merkun

 

Managing director

Managing Director

Bart Van De Kerkhof

 

Managing director

Managing Director

Jacobus Van Der Vorst

 

Managing director

Managing Director

B. Corten

 

Personnel manager

Human Resources Executive

 

 

Annual Profit & Loss

 

 

 

 

29-Apr-2011

30-Apr-2010

24-Apr-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.75313

0.707549

0.715763

Consolidated

No

No

No

 

 

 

 

Total income

75.4

52.9

74.1

Net sales

75.4

52.9

74.1

Total operating costs

51.8

48.3

48.2

Net operating income

23.7

4.6

25.8

Total financial income

-

0.2

1.2

Total expenses

16.5

9.0

0.4

Profit before tax

7.2

-

26.6

Profit on ordinary activities after tax

7.2

-0.6

23.0

Total taxation

0.0

-3.6

3.6

Profit after tax

7.2

-0.6

23.0

Net profit

7.2

-

23.0

Net loss

-

-0.6

-

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

29-Apr-2011

30-Apr-2010

24-Apr-2009

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.674036

0.752078

0.754632

Consolidated

No

No

No

 

 

 

 

Share premium account

2.6

2.3

4.4

Other reserves

32.3

27.3

7.2

Profit brought forward from previous year(s)

8.0

-

21.8

Total stockholders equity

42.9

29.1

33.5

Provisions and allowances

1.3

5.0

4.5

Trade creditors

2.8

0.3

1.5

Total current liabilities

314.7

273.4

175.9

Total liabilities (including net worth)

358.8

307.5

213.9

Total tangible fixed assets

0.3

0.3

0.3

Total asset investment

1.9

2.7

2.1

Total non-current assets

2.1

3.0

2.4

Total receivables

279.2

257.4

162.6

Cash and liquid assets

77.4

47.1

48.9

Total current assets

356.7

304.5

211.5

Total assets

358.8

307.5

213.9

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

29-Apr-2011

30-Apr-2010

24-Apr-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.674036

0.752078

0.754632

Consolidated

No

No

No

 

 

 

 

Current ratio

1.10

1.10

1.20

Acid test ratio

1.10

1.10

1.20

Current liabilities to net worth

7.34%

9.39%

5.26%

Fixed assets to net worth

0.05%

0.10%

0.07%

Sales to net working capital

2.00

1.60

2.00

Asset turnover

0.24%

0.16%

0.33%

Profit margin

0.10%

-0.08%

0.36%

Return on assets

0.02%

-0.01%

0.12%

Shareholders' return

0.19%

-0.14%

0.75%

Sales per employee

355.14

256.45

384.20

Profit per employee

33.77

-20.21

137.88

Return on capital

-0.24%

-0.36%

0.65%

Net worth

42.9

29.1

33.5

Number of employees

160

146

138

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.16

UK Pound

1

Rs.88.03

Euro

1

Rs.70.86

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.