MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BYCAN-SELLEN ASSOCIATES
INC. |
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Registered Office : |
7998 Centrepoint Drive, Suite 200, Indianapolis, IN 46256 |
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Country : |
Unites States |
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Date of Incorporation : |
29.11.2004 |
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Com. Reg. No.: |
198411-917 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer, Exporter and Representative of Industrial Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
BYCAN-SELLEN ASSOCIATES INC.
Company acronym:
--
Contact Information
|
Address |
7998 Centrepoint Drive, Suite 200 Indianapolis, IN 46256 USA |
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Telephone |
317-579-6666 |
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Fax |
317-579-6665 |
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Website |
www.bycan-sellen.com |
Registration Data
|
Date of Registration |
11-29-2004 |
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Registration number |
198411-917 |
|
Legal address |
7998 Centrepoint Drive, Suite 200 Indianapolis, IN 46256 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Private |
100 |
Board/Executive
|
Name |
Monika STEPIEN |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer, exporter and representative of industrial products.
Staff
|
Number of staff employed |
14 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
Central & South America |
Facilities
|
Rented |
Office |
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Premises Size |
1,200 sq.feet |
Bankers
|
Bank |
Bank of America |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
2,200,000= |
Reporter Comments
|
Comments |
On a direct call, a Secretary controlled the
present report but deferred any financials. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 88% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to 10 days beyond terms. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.52 |
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UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)