MIRA
INFORM REPORT
|
Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
IMPORT STONE, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19/01/1993 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler of
stone, marble and granite tiles. |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: IMPORT
STONE, INC.
Address:
City: VAN
NUYS
State/Province:
Zip Code: 91402
Country: UNITED
STATES
Telephone: 818
785-1100
Facsimile: 818
785-7630
Founded
(D/M/Y): / /1993
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
176
Legal Form: Corporation
- Private
Website: www.importstone.com
Maj.
Shareholder: Mr. Kirk Kesapyan
Business Activity: The Company is a wholesaler of stone,
marble and granite tiles.
NOTE TO CLIENT
Person Attempted
Contact: Mr. Scott Simons, CFO. Several messages were left for Mr. Simons,
however, as of this report, we have not received a response. A fax was sent to Mr. Simons for updated
information. If we receive a response,
we will amend the report accordingly.
No information in
this report was confirmed by management.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 19/01/1993
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company
incorporated in
IMPORT STONE, INC.
Number: C1851738
Date Filed:
1/19/1993
Status: active
Jurisdiction:
Address
VAN
Agent for Service of Process
KIRK KESAPYAN
VAN
Managers/Key
Personnel
Mr. Kirk
Kesapyan President
Mr. Scott
Simons Chief Financial Officer
OWNERS
Mr. Kirk
Kesapyan
% Majority
AFFILIATED ENTITIES
The Company has no
affiliates or subsidiaries.
BANKS
PNC
Van Nuys CA
Telephone: 888
287-2654
Facsimile:
Account Number:
Account Manager:
Bank policy
prohibits providing credit information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
DISTRIBUTR 07-06 04-08 NET30 600
0 0 0
0 0 0
CUST 3 YR
EQUIPMENT
07-06 00-00 ROI 1200 1200
100 0 0 0 0
FACTOR
07-03 00-00 VARIED 0 0
0 0 0 0 0
FINCL SVCS 07-06 07-04 CONTRCT 39300 5800
100 0 0 0
0 CUST 3 YR
FINCL SVCS 07-06 07-06 CONTRCT 0 0
0 0 0
0 0 CUST
1 YR
FRGHT FWRD 07-06 06-09 NET 30 200
0 0 0
0 0 0
PACKAGING
07-06 00-00 NET 30 14400 10500
46 30 24
0 0 CUST 15 YR
TELECOM
07-06 00-00 NET 30 100 0
0 0 0
0 0
TRUCK DLR
07-06 01-03 NET PRX 700
0 0 0
0 0 0
UTILITY
07-05 07-05 NET 15 1100 500
100 0 0
0 0 NOT PAY AA
AIR TRANS
05-09 05-09 200 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST 12 YR
BLDG MATRL 07-01 03-09 CREDIT 12700
0 0 0
0 0 0
ACCTCLOSED
CELLUL/PAG 06-01 05-11 NET 30 300
100 98 2 0 0
0 CUST 5 YR
COMPUTERS
07-01 05-03 CREDIT 15000 0
0 0 0
0 0
CRED CARD
07-06 07-05 REVOLVE 12300
12300 100 0 0
0 0 CUST
9 YR
CRED CARD
07-05 07-05 N30PRXO 3000
900 100 0 0
0 0 CUST
7 YR
DISTRIBUTR 05-07 05-01 VARIED 23500
100 100 0 0
0 0
FINCL SVCS 05-05 00-00 VARIED 300
0 0 0
0 0 0
CUST 6 YR
FREIGHT
04-09 00-00 NET30 11200 11200
47 34 0
5 14
LEASING
05-02 00-00 NET 30 0 0
0 0 0
0 0
LEASING
07-02 00-00 CONTRCT 12500
0 0 0
0 0 0
CUST 4 YR
PLUMBING
07-01 00-00 NET30 0 0
0 0 0
0 0 CUST
3 YR
TRANSPORTN 05-12 00-00 NET 15 0
0 0 0 0 0
0 ACCTCLOSED
UTILITY
05-09 00-00 NET 30 2100 2100
100 0 0 0
0 CUST 10 YR
CURRENT QUARTER 57600 18000
69 17 14
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 4 2 18400 84
16 0 0 0
20070500
0 3 0 19000 98
2 0 0 0
20070400
0 3 1 29100 92
8 0 0 0
20070300
0 4 1 30700 92
8 0 0 0
20070200
0 3 1 31400 93 7
0 0 0
20070100
0 3 2 30200 85
15 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 2 22400 90
10 0 0 0
Fourth
2006 3 19200 83
17 0 0 0
Third
2006 4 20400 85
8 7 0 0
Second
2006 4 22900 92
4 2 0 2
First
2006 2 27900 94
5 0 0 1
FINANCIAL INFORMATION
No financial
information could be learned at this time.
If we receive a response to our fax request, we will amend the report
accordingly.
CURRENT OPERATIONS
NAICS Code: 327991
Cut Stone and Stone Product Manufacturing
SIC Code: 3281
Number of
Employees: 176
Business Activity:
The Company is a wholesaler
of stone, marble and granite tiles.
The subject imports
from
The heading address
is the headquarters for the Subject, consisting of office and warehouse space.
There are 11 branch facilities which are located in
Additional offices
were found to be located in
PUBLIC RECORD
A search of public
revealed the following information, actions against the Company and no
bankruptcy petitions. We cannot
determine the current status of the actions against the Company.
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
05/23/2002
Filing Number:
0214460325
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
01/02/2003
Filing Number:
0300761079
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE INC [BUSINESS]
LOS
Filing Date:
08/29/2002
Filing Number:
0224260370
Secured Party: FLEET
BUSINESS CREDIT, LLC [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
05/23/2002
Filing Number:
0214460324
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC [BUSINESS]
Filing Date:
05/03/2002
Filing Number:
0212360365
Secured Party: DELL
FINANCIAL SERVICES, L.P. [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. M T TILE& MARBLE, et al
Case Type: CIVIL
Civil Case Number:
BC 304251
Filing Date:
10/15/2003
Secured Party:
PLAINTIFF DEFENDANT COMMENT
IMPORT STONE INC M T
TILE& MARBLE
IMPORT STONE INC M T
TILE& MARBLE INC
IMPORT STONE INC
TURGEMAN MEIR
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
10/30/2006
Filing Number:
067090120530
Secured Party:
GREATER BAY BANK N.A. [BUSINESS]
100 TRI-STATE
INTERNATIONAL
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: THOMAS
LISA v. IMPORT STONE INC
Case Type: CIVIL
Civil Case Number:
SN025893
Defendant: IMPORT
STONE INC
Filing Date:
01/14/2004
Plaintiff: THOMAS
LISA
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Number: 081549
Case Type: SMALL
CLAIMS
Defendant: IMPORT
STONE INC
Filing Date:
9/21/2006
Filing Type: CIVIL
Plaintiff: RODRIGUEZ
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: PATRICIA
CORP, et al v. IMPORT STONE INC, et al
Case Type: CIVIL
Civil Case Number:
LC 052898
Filing Date: 06/29/2000
Secured Party:
PLAINTIFF DEFENDANT COMMENT
PATRICIA CORP IMPORT
STONE INC
FILING DATE:
06/29/2000
IMPORT STONE INC
PATRICIA CORP AMENDMENT
FILING DATE:
07/19/2000
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: MATA JOSE
v. IMPORT STONE INC
Case Type: CIVIL
Civil Case Number:
GIC840979
Defendant: IMPORT
STONE INC
Filing Date:
01/10/2005
Plaintiff: MATA JOSE
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. APEX MICRO SYS INC, et al
Case Type: CIVIL
Civil Case Number:
BC 285338
Filing Date:
11/15/2002
Secured Party: PLAINTIFF
DEFENDANT COMMENT
IMPORT STONE INC
APEX MICRO SYS INC
IMPORT STONE INC
BREIDENBACH BRIAN J
IMPORT STONE INC
KALLIE JOHN F
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE INC [BUSINESS]
Filing Date:
08/03/2006
Filing Number:
067080292094
Secured Party:
GREATER BAY BANK N.A. [BUSINESS]
100 TRI-STATE
INTERNATIONAL
Status: UNLAPSED
Type: FINANCING STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
05/18/2005
Filing Number:
057027303734
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
05/18/2005
Filing Number:
057027301075
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. SCHELLER KENNETH J, et al
Case Type: CIVIL
Civil Case Number:
BC 301532
Filing Date:
08/27/2003
Secured Party:
PLAINTIFF DEFENDANT COMMENT
IMPORT STONE INC
SCHELLER KENNETH J
IMPORT STONE INC
STONE INC J S
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
03/28/2005
Filing Number:
057020680139
Secured Party:
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. SOUTH BAY STONE INC
Case Type: CIVIL
Civil Case Number:
BC 293575
Filing Date:
04/08/2003
Secured Party:
PLAINTIFF DEFENDANT COMMENT
IMPORT STONE INC
SOUTH BAY STONE INC
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
06/10/2002
Filing Number: 0216360633
Secured Party:
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: Import
Stone Inc. v. Arnott Grant C.
Case Type: CIVIL
Civil Case Number:
BC 343935
Filing Date:
12/05/2005
Secured Party:
PLAINTIFF DEFENDANT COMMENT
Import Stone Inc.
Arnott Grant C.
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. REED T M C INC
Case Type: CIVIL
Civil Case Number:
BC 318406
Filing Date:
07/13/2004
Secured Party:
PLAINTIFF DEFENDANT COMMENT
IMPORT STONE INC
REED T M C INC
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
05/23/2002
Filing Number:
0214460330
Secured Party: TOYOTA
MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
02/15/2006
Filing Number:
067059034145
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: MATA JOSE
v. IMPORT STONE INC
Case Type: CIVIL
Civil Case Number:
GIC866480
Defendant: IMPORT
STONE INC
Filing Date:
05/24/2006
Plaintiff: MATA JOSE
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. BREWSTER MARBLE CO INC
Case Type: CIVIL
Civil Case Number:
BC 304229
Filing Date:
10/15/2003
Secured Party: PLAINTIFF
DEFENDANT COMMENT
IMPORT STONE INC
BREWSTER MARBLE CO INC
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: IMPORT
STONE INC v. J P S SURFACE SOLUTIONS INC
Case Type: CIVIL
Civil Case Number:
BC 311374
Filing Date:
03/01/2004
Secured Party:
PLAINTIFF DEFENDANT COMMENT
IMPORT STONE INC J P
S SURFACE SOLUTIONS INC
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
11/25/2003
Filing Number:
0333760079
Secured Party: DELL
FINANCIAL SERVICES, L.P. [BUSINESS]
12234 N. IH-35,
BLDG. B
Status: UNLAPSED
Type: FINANCING STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC [BUSINESS]
VAN
Filing Date:
06/02/2003
Filing Number:
0315560873
Secured Party: DELL
FINANCIAL SERVICES, L.P. [BUSINESS]
12234 N. IH-35,
BLDG. B
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
03/21/2003
Filing Number:
0308360866
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: Import
Stone Inc. v. Grigoryan Andranik, et al
Case Type: CIVIL
Civil Case Number:
BC 352581
Filing Date:
05/18/2006
Secured Party:
PLAINTIFF DEFENDANT COMMENT
Import Stone Inc.
Grigoryan Andranik
Import Stone Inc.
Ribeiro Selwyn Randy
Import Stone Inc.
World Marble and Tile
Import Stone Inc.
World Marble and Tile Inc.
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: Import
Stone Inc. v. Anaheim Centsible Tile Incor, et al
Case Type: CIVIL
Civil Case Number:
BC 349718
Filing Date:
03/28/2006
Secured Party:
PLAINTIFF DEFENDANT COMMENT
Import Stone Inc.
Import Stone Inc.
Beber Anthony Aaron
Import Stone Inc.
Beber Janet Marie
--------------------------------------------------------------------------------
Name Searched: IMPORT
STONE INC
Case Name: OTT ANNA
P, et al v. IMPORT STONE INC, et al
Case Type: CIVIL
Civil Case Number:
BC 305378
Filing Date:
11/03/2003
Secured Party:
PLAINTIFF DEFENDANT COMMENT
OTT ANNA P IMPORT
STONE INC
OTT ANNA P KESAPYAN
KIRK
OTT REVOC FAM TR R&
A IMPORT STONE INC
OTT, RANDALL DALE
EST OF IMPORT STONE INC
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
06/21/2004
Filing Number:
0417861014
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
08/10/2004
Filing Number:
041000503952
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
05/08/2000
Filing Number:
0013160683
History: Date Time
Number Type
09/04/2001 11:47 AM
01248C0061 TERMINATION
STATE DELETED
05/10/2006
Secured Party:
CITIBANK, F.S.B. [BUSINESS]
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC [BUSINESS]
VAN
Filing Date:
08/14/2000
Filing Number:
0023460187
Secured Party:
TOYOTA MOTOR CREDIT CORP. [BUSINESS]
POB 3457
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: CHARTER
ADJUSTMENTS CORPORAT v. DOES 1-10, et al
Case Type: CIVIL
Civil Case Number:
LC 074322
Filing Date:
04/06/2006
Secured Party:
PLAINTIFF DEFENDANT COMMENT
CHARTER ADJUSTMENTS
CORPORAT DOES 1-10
CHARTER ADJUSTMENTS
CORPORAT IMPORT STONE INC.
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Name: BRIDGES
KIMBERLEE L v. IMPORT STONE INC
Case Type: CIVIL
Civil Case Number:
SN035510
Defendant: IMPORT
STONE INC
Filing Date:
12/28/2005
Plaintiff: BRIDGES
KIMBERLEE L
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
12/28/2005
Filing Number:
057053429671
Secured Party: PNC
BANK, NATIONAL ASSOCIATION, AS AGENT [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
04/23/2001
Filing Number:
0111760073
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
POB 3457
CB TOYOTA-LIFT
[BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
11/02/2005
Filing Number:
057047309712
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
11/02/2005
Filing Number:
057047306921
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT STONE,
INC. [BUSINESS]
VAN
Filing Date:
09/19/2005
Filing Number:
057041933870
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
VAN
Filing Date:
09/19/2005
Filing Number:
057041930221
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Case Number:
2002618933
Defendant: IMPORT
STONE INC
Filing Date:
12/10/2002
--------------------------------------------------------------------------------
Name Searched:
IMPORT STONE INC
Debtors: IMPORT
STONE, INC. [BUSINESS]
Filing Date:
09/10/2001
Filing Number:
0125661009
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION [BUSINESS]
P.O.
GENERAL COMMENTS
The Subject,
incorporated in 1993 in
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)