MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
THE FRANKLIN MINT INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.02.2007 |
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Legal Form : |
Business Corporation |
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Line of Business : |
Wholesaler
of Precious
and Semi-Precious Metals. |
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 350 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
The Franklin Mint Inc |
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Address: |
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Phone: Facsimile: ID: State: Managers: |
NA NA 112848928 Steven Sisskind President |
Date founded: |
02/22/2007 Business Corporation NA NA 300 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesaler
of precious and semi-precious metals. |
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BANKS
BANK OF
CHASE BANK ...
BUSINESS
Operations:
Subject
markets privately-minted gold
and silver commemorative
rounds and medallions.
Franklin Mint struck issues in all the different precious and
semi-precious metals.
It is also engaged in the car market.
Way of payments:
45 DAYS
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The Franklin Mint is a
private corporation.
It is held by ROLL
INTERNATIONAL CORPORATION.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Subject is a privately-held Corporation and as such is not required to
disclose financial information.
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Fiscal Year |
2007 |
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TURNOVER
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143 M |
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OPERATING
PROFIT |
3.5 M |
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NET
INCOME |
2.8 M |
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NET
WORTH |
15 M |
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BANK
LIABILITIES |
12 M |
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CASH |
LARGE |
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RATING
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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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion
The company is not a large active seeker of open-term credit and
generally pays vendors as per agreed terms.
The company has a clear and positive legal record.
A Credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND
PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Excellent Controlled Large |
PUBLIC PAYMENTS |
See Details Above As Agreed |
ADVISED
CREDIT
350 000 USD
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)