Attachment 1
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Report
Update On |
29th October, 2002 |
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Report on |
AIDP, INC. |
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Registered Office |
1120 Coiner Court, City of Industry, CA 91748, U.S.A. |
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Tel. No. |
(626) 964-6910 / (866) 262-9699 |
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Fax No. |
(626) 964-6739 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1996 |
Status |
Satisfactory |
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Registration No. |
C1783143 |
Chief Executive |
Mr. Shihai Li |
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Capital (US$) |
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Payments |
Regular |
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Sales (US$) |
6,000,000 |
Litigation |
Clear |
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Net Worth (US$) |
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Banking Reputation |
Satisfactory |
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No. of Employees |
10 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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IDENTIFICATION DETAILS |
AIDP INC.
1120 Coiner Court,
City of Industry,
CA 91748,
U.S.A.
Tel. No. (626) 964-6910 / (866) 262-9699
Fax No. (626) 964-6739
E-Mail info@aidp.com
/ sales@aidp.com
Website http://www.aidp.com
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CREDIT RECOMMENDATIONS |
RATING : Ba
RISK CLASS : MODERATE RISK
CREDIT LIMIT : US$ 18,000
This is a well
established company with operations dating from 1996. Trade payments are
appeared to be made in a generally prompt manner.
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OFFICIAL COMPANY DETAILS |
LEGAL FORM : AICP Inc
STATUS : Active
business with most recent filing on April 16, 2001.
REGISTERED DETAILS : Incorporated on May 2, 1996 as a for-profit corporation.
Charter Number is P930071644.
Operations date from
1996.
SHARE CAPITAL STRUCTURE
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Not Available
DIRECTORS/PRINCIPALS
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NAME : Mr. Shihai Li
POSITION : Owner/Agent
PUBLIC RECORD INFORMATION
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UCC PROFILE
UCC-FILED
: 09-20-01 200126760100, SEC OF
STATE CALIFOR
SECURED PTY : WELLS FARGO BANK, N.A. CA SAN JOSE 95113 177 PARK CENTER PLA
COLLATERAL : UNDEFINED, HEREAFTER ACQUIRED PROP, EQUIP, FURN & FIX
HISTORY
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The Subject Company was founded by Mr. Shihai Li in 1996. Mr. Li has previous experience in the nutritional industry. Since 1996, the Subject Company has been importing a wide variety of raw materials for the food and vitamin industry around the United States.
OPERATION DETAILS
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NAICS Code |
42249 |
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SCIAN Code |
43119 |
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Primary SIC |
5149 |
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Business |
The Company is a wholesaler distributor of
raw materials for the nutraceutical industry. The Company offers the following products:
D-Phenylalanine, Granulated Spirulina, Granulated Glucosamine and
Quikosan(tm) Chitosan. Quikosan(tm), and Kosher botannicals. AIDP, INC. serves dietary supplement
manufacturers, marketing companies and private label companies throughout the
United States. The Subject Company imports most of its
products from China, India, and Japan. |
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Total number of
employees |
10 |
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Facility size |
3,000 Square Feet - rented space |
EXECUTIVE SUMMARY
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DAYS BEYOND TERMS (DBT) FOR AIDP INC
AS OF 10/25/02
: 15 ** THIS BUSINESS IS PAYING, ON AVERAGE,
PREDICTION FOR 12-18-02 : 18 0 DAY(S) LATER THAN INVOICE DUE DATE.**
DBT NORMS
ALL INDUSTRIES: 8
DBT RANGES BASED ON CURRENT PAYMENT BEHAVIOR:
THIS BUSINESS'S RANGE === 80% OF U.S. BUSINESSES HAVE A DBT OF 0 - 15,
11% OF U.S. BUSINESSES HAVE A DBT OF 16 - 50,
5% OF U.S. BUSINESSES HAVE A DBT OF 51 - 90,
4% OF U.S. BUSINESSES HAVE A DBT OF OVER 90.
HISTORICAL PAYMENT GUIDE
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6 MONTH ACCOUNT BALANCE
RANGE |
$300-$1200 (CURRENT TOTAL:
$4300) |
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HIGHEST CREDIT AMOUNT
EXTENDED |
$18000 (MEDIAN: $300) |
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PAYMENT TREND INDICATION |
STABLE |
SIGNIFICANT DEROGATORY DATA
1 OF 1 UCC FILINGS PLEDGED WITH ONE OR MORE
OF THE FOLLOWING COLLATERAL: HEREAFTER ACQUIRED PROP
LOCAL AGENCT FURTHER INFORMATION
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TRADE PAYMENT EXPERIENCES
(TRADE LINES WITH AN {*} AFTER DATE
REPORTED ARE NEWLY REPORTED)
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RECENT- |
------------------------
ACCOUNT STATUS ----------------------- |
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HIGH- |
----------DAYS PAST DUE-------- |
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BUSINESS |
DATE |
LAST |
PAYMENT |
CREDIT |
BALANCE |
- |
1- |
31- |
61- |
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CATEGORY |
REPTD |
SALE |
TERMS |
$ |
$ |
CUR |
30 |
60 |
90 |
91+ |
COMMENTS |
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+AIR TRANS |
09-02 |
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NET 30 |
600 |
600 |
100% |
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CUST 5 YR |
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AIR TRANS |
09-02 |
06-02 |
NET 30 |
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0 |
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SATSFTRY |
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OFFC SUPPL |
10-02 |
03-01 |
REVOLVE |
200 |
0 |
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+OFFC SUPPL |
10-02 |
09-02 |
REVOLVE |
1500 |
600 |
100% |
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PACKAGING |
10-02 |
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NET-30 |
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0 |
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CUST 2 YR |
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WAREHOUSE |
10-02 |
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VARIED |
500 |
0 |
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PROMPT |
PAYMENT TOTALS
CONTINUOUSLY REPORTED (6): 2800 1200 100% DBT: 0
ADDITIONAL PAYMENT EXPERIENCES
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AIR TRANS |
05-02 |
05-02 |
NET 30 |
<100 |
0 |
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CHEMICALS |
05-01 |
10-00 |
N30 |
200 |
0 |
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SATSFTRY |
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+FREIGHT |
07-01 |
06-01 |
NET 30 |
800 |
600 |
100% |
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+FRGHT FWRD |
07-01 |
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CONTRCT |
200 |
600 |
100% |
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WATER PROD |
12-01 |
12-01 |
NET 30 |
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0 |
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CUST 4 YR |
PAYMENT TRENDS
(BASED ON CONTINUOUSLY REPORTED TRADE LINES)
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-DAYS PAST DUE- |
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BUSINESS |
BALANCE |
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1- |
31- |
61- |
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DBT |
$ |
CUR |
30 |
60 |
90 |
91+ |
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AS OF 10-25-02 |
0 |
1200 |
100% |
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10-01-02 |
0 |
900 |
100% |
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09-01-02 |
0 |
600 |
100% |
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08-01-02 |
0 |
900 |
100% |
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07-01-02 |
0 |
700 |
100% |
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06-01-02 |
0 |
800 |
100% |
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05-01-02 |
0 |
300 |
100% |
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PAYMENT HISTORY--QUARTERLY AVERAGES
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-DAYS PAST DUE- |
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BALANCE |
- |
1- |
31- |
61- |
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DBT |
$ |
CUR |
30 |
60 |
90 |
91+ |
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3RD-Q-02 (JUL-SEP) |
0 |
800 |
100% |
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2ND-Q-02 (APR-JUN) |
0 |
600 |
100% |
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1ST-Q-02 (JAN-MAR) |
0 |
500 |
100% |
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4TH-Q-01 (OCT-DEC) |
0 |
400 |
100% |
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3RD-Q-01 (JUL-SEP) |
0 |
100 |
100% |
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INDUSTRY ANALYSIS
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The following chart compares the Subject Company to other companies within its industry (5149 - GROCERIES & RELATED PRODUCTS NEC) and within its size range (1-20 employees).
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Industry Based on |
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Industry |
Subject's Size |
Subject |
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Number of Companies |
149 |
44 |
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Avg No of Employees |
211 |
11 |
10 |
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Avg Sales (in '000) |
$77,010 |
$6,911 |
$6,000 |
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Revenue per Employee |
$365,651 |
$640,211 |
$600,000 |
Please note that this industry analysis is based on businesses in the United States and is provided only as a comparison. In some cases, the subject's geographical location and variations from the Standard Industrial Classification codes (SIC) will affect the resulting figures.
COMMERCIAL FINANCE RELATIONSHIPS
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BANKING RELATIONSHIPS
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BANK |
WELLS FARGO BANK |
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2101 South Atlantic Bulevard Monterey Park, CA 91754 |
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Tel. : 323 722-8413 Fax :
323 269-0890 |
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Account Manager : Ms. Liz Longorna |
INSURANCE BOND RELATIONSHIPS
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BONDING COMPANY |
UNDISCLOSED |
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PHONE:
(732) 398-4000 |
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1100
CORNWALL RD,MONMOUTH JUNTION,NJ 08852 |
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BOND
TYPE |
UNSPECIFIED |
GLOSSARY OF TERMS
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Account balances Dollar sum of all current and past due amounts
rounded to the nearest $ 100. Lets you see the amount of debt the company is
carrying with other suppliers Account Status Account balance and aging of that account as of the
last date reported. Provides you with a summary of the company’s credit
activities by trade relationships Additional payment
experience Consists of
payment information on non-trade accounts such as bank loans and leases, plus
tradelines not updated in the past three months Shows the
most current information regarding periodic, instalment payments and can be
indicative of payment problems in the recent past. Bank Information Shows the name, address and phone number of the company’s
bank, type of relationship and account status/balance if available. Allows you to directly check the bank listed on the
report for the status of the debtor’s bank accounts. |
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Bankruptcies Legal processes by which the assets of
the company are liquidated or by which they seek protection from creditors. Makes you aware of financial distress Bank
Transfers Information on companies who sell from inventory and
are required to notify creditors before transferring goods to a new location. Makes you aware of activity with a
company’s material goods, which may indicate a change in its financial
conditions. Business
Category General industry category (or
description) of the supplier to the inquired-upon company. Enables you to identify whether the data
contributor is a primary or secondary supplier and allows you to compare the
company’s payment habits across industries. Comments Additional explanations of account status. Can help you make a more informed credit decision by
highlighting the most derogatory information. |
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Company background
information Information on the company’s product/service line,
SIC codes, revenues, number of employees, names and titles of principals,
year company was established and information filed in the state of incorporation. Information about the business background is used to
further identify the company requesting credit. Continuously Reported Identifies those tradelines that have the most
current and accurate information for a credit decision. Current Percentage of account that is paid within terms set
by a supplier Allows you to determine if the company pays other
suppliers on time. Days Beyond Terms (DBT) Dollar weighted average number of days late a
business is paying reported tradelines. DBT = (Tot 1 x
15) + (Tot 2 x 45) + (Tot 3 x 75) + (Tot 4 x 105) Total
dollars outstanding Tot 1 = Total dollars in aged
Category 1 – 30 days Tot 2 = Total dollars in aged
Category 31 – 60 days Tot 3 = Total dollars in aged Category
61-90 days Tot 4 = Total dollars in aged
Category 91+ days |
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Provides a single dollar weighted average for
determining payment status, expressed as the average number of days past
“Invoice due” date. This is not a subjective rating determined by one
individuals. Date
of last sale / activity Date the supplier last sold goods to the company. Enables you to see how recently the
company has made a purchase from a particular business category. Days
past due Percentage of the account that is 1-30, 31-60, 61-90
or 91+ days past due. Shows you how late the company is paying
other suppliers. Date Reported Date the contributor’s date was taken from their
accounts receivable system. DBT norms Lists the average number of days late the
company’s industry is paying all continuously reported tradelines and the
average DBT for all industries. This section also lists the three most common
payment terms used by the industry. Provides a point of reference for comparison
purposes, giving the company’s DBT more context. |
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Federal government information Selected financial and contract data reflecting the
company’s dealings with federal government agencies. Gives you another source for evaluating
the company’s financial history. Federal, states and country tax liens Claims on the property or goods of a company by
government tax agencies. Allows you to determine if the company has a legal
requirement to pay past tax obligations before its other payments. File
Established Date the first tradelines were contributed and the
file was created. Shows you the number of years we have been
collecting data on the company. Historical payment guide A section of the executive summary that identifies
the following :- ·
The total
account balance range outstanding for the past six months ·
The single
highest credit amount extended, with the median amount to quickly determine
how much credit would be a large on small account. |
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·
An industry
payment comparison based on a 3-digit SIC code label (the same industry as in
the DBT section) ·
Payment
trend indicators identifying how payment behaviour has changed in the past
six months. Provides
a quick summary of key credit decision elements describing historical payment
behaviour and how it may be changing overall. Industry payment Historical record of the industry’s payment
practices, on average, in the past six months based on continuously reported
information. Provides you with a point of reference for the
company in question. You can compare the company’s payment trend with that of
the industry overall to determine the true context of its payment behaviour. Inquiry information Lists the numbers of inquiries and types of
companies making inquiries on the company within the past nine months. Helps you determine if the company is expanding –
perhaps into a new business line – or if current suppliers are limiting their
access, forcing the company to shop for new suppliers. |
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Judgements Court decisions directing a company to make paymetn
to a plaintiff : abstract judgements differ only in that they are prepared by
the court recorder’s office. Shows you if the company is responsible for any
payments on a legal matter that can impact it cash flow. News reported Identifies the most current/newest tradelines. Helps
to identify how new information may effect conclusions about past payment
behaviour Payments terms Terms set by the suppliers Can be used to determine what credit terms to set. Payment trend Historical record of the company’s payment practices
in the past six months based on continuously reported information. Shows you if the company’s payment behaviour is
improving or deteriorating. Phone number Primary phone number of the inquired-upon company. Allows you to validate the account and gives you immediate
access to the company for more investigation or for collection purposes. |
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Public record information Commercial public record information filed with the
U.S. legal system. Shows you the company’s legal liabilities
which may affect its ability to pay. Recent
high credit Highest account balance the company has
carried in last 12 months. Shows you the amount of credit other
suppliers have extended. SIC
code Standard Industrial Classification (SIC)
code assigned by the government for a company’s primary business activity. Identifies the product/services of the
inquired-upon business. Standard
& Poor’s Financial information provided from
Standard & Poor’s on publicity held U.S. companies. Also may include
in-depth business background information on privately held firms. Provides you with an in-depth analysis
into a company’s history and allows you to gauge its financial strength in
relation to its payment habits. |
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Tradeline payment For each tradeline with a balance, a + ,-, or = sign
provides a comparison of that tradeline’s DBT to that of the business
category as a whole. Lets you quickly refer to the +, -, or = and
determine if the company is paying other suppliers fast (+), average (=), or
slow (-) compared to the industry average. UCC filings and amendments Uniform Commercial Code filings which are required
whenever a company pledges an asset as collateral. Identifies collateral. Gives you additional bank or
financing references and may signal financial instability (i.e., the number
of filings pledged with non-capital assets). |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal
assurance for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature