MIRA INFORM REPORT
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Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
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Name : |
EVERGREEN ENTERPRISES INC |
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Registered Office : |
5915 Midlothian Tpke, Richmond, VA 23225-5917 |
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Country : |
United States |
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Year of Establishment : |
1993 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Wholesale Provider of a range of products for homes and gardens |
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No. of Employees
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150 Persons |
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 : |
$25,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Evergreen Enterprises Inc
5915 Midlothian Tpke
Richmond, VA 23225-5917
United States
Tel:
804-231-1800
Fax: 804-231-2888
Toll Free: 800-774-3837
Web: www.myevergreenonline.com
Synthesis
Employees: 150
Company Type: Private Parent
Corporate Family: 16
Companies
Incorporation Date: 1993
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 26.5
Total Assets: NA
Business Description
Evergreen
Enterprises is a wholesale provider of a range of products for homes and
gardens. The company provides online order placement and tracking services. It
offers several logistics and storage solutions. The company also provides
online shopping and payment options. It offers coasters, clocks, candleholders,
mugs, and television and serving trays and cutlery sets. Evergreen Enterprises
provides aprons, cutting boards, floor mats and furniture. It offers a variety
of table linens, cushions and pillows. The company provides wine and bar
accessories that include buckets, bar sets, and wine caddies, stoppers and
racks. In addition, Evergreen Enterprises has been in operation since 1993. The
company provides products under Cypress Home and Cape Craftsmen brands.
Industry
Industry Personal and Household Products
ANZSIC 2006: 3711 - Textile
Product Wholesaling
NACE 2002: 5141 - Wholesale
of textiles
NAICS 2002: 42431 - Piece
Goods, Notions, and Other Dry Goods Merchant Wholesalers
UK SIC 2003: 5141 - Wholesale
of textiles
US SIC 1987: 5131 - Piece
Goods, Notions, and Other Dry Good
Key Executives
(Emails Available)
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Name |
Title |
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Ting Xu |
President |
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David Earle |
Chief Financial Officer |
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Randy Egan |
Vice President-Sales |
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Mike Beam |
Chief Information Officer |
News
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Title |
Date |
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Fireside
Gel Fuel recalled |
29-Oct-2011 |
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Evergreen
Enterprises Recalls Pourable Gel Fuel Due to Burn and Flash Fire Hazards |
25-Oct-2011 |
|
Sorry
Donald--TransMedia Group Opens Office in Beijing and Appoints Former Office
Depot China Sourcing Manager to Boost Trade |
20-Sep-2011 |
|
McDonnell
overhauls Virginia Port Authority board |
22-Jul-2011 |
|
Anti-wind
protesters to attend Rollins wind project event |
16-Jul-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
5915 Midlothian Tpke
Richmond, VA, 23225-5917
Richmond City County
United States
Tel: 804-231-1800
Fax: 804-231-2888
Toll Free Tel: 800-774-3837
Web: www.myevergreenonline.com
Sales USD(mil): 26.5
Assets USD(mil): NA
Employees: 150
Industry: Personal
and Household Products
Incorporation Date: 1993
Company Type: Private
Parent
Quoted Status: Not
Quoted
President: Ting Xu
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Key Corporate Relationships
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
3711 - Textile Product Wholesaling
4213 - Houseware Retailing
NACE 2002 Codes:
5141 - Wholesale of textiles
524 - Other retail sale of new goods in specialised stores
NAICS 2002 Codes:
44229 - Other Home Furnishings Stores
42431 - Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers
US SIC 1987:
5131 - Piece Goods, Notions, and Other Dry Good
5719 - Miscellaneous home furnishings Stores
UK SIC 2003:
5141 - Wholesale of textiles
524 - Other retail sale of new goods in specialised stores
Business
Description
Evergreen
Enterprises is a wholesale provider of a range of products for homes and
gardens. The company provides online order placement and tracking services. It
offers several logistics and storage solutions. The company also provides
online shopping and payment options. It offers coasters, clocks, candleholders,
mugs, and television and serving trays and cutlery sets. Evergreen Enterprises
provides aprons, cutting boards, floor mats and furniture. It offers a variety
of table linens, cushions and pillows. The company provides wine and bar
accessories that include buckets, bar sets, and wine caddies, stoppers and
racks. In addition, Evergreen Enterprises has been in operation since 1993. The
company provides products under Cypress Home and Cape Craftsmen brands.
More Business
Descriptions
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
Brand/Trade Names
Evergreen Flags - Flags
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Credit Report as of 02/01/2011
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Location |
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5915 Midlothian Tpke |
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County: |
Richmond City |
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MSA: |
Rchmd-Ptrbrg, VA |
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Phone: |
804-231-1800 |
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Fax: |
804-231-2888 |
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Toll Free: |
800-774-3837 |
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URL: |
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ABI©: |
949930457 |
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Employees: |
150 |
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Facility Size(ft2): |
40,000+ |
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Business Type: |
Private |
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Location Type: |
Headquarter |
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Recommended
credit limit * |
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$25,000 (USD) |
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Primary Line of
Business: |
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SIC: |
5999-06 - Banners |
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NAICS: |
453998 - Store Retailers Not Specified Elsewhere |
Table of Contents
Profile Links
Similar Businesses in the Area
Closest Neighbors
External Links
Similar Businesses in the Area *
Sign Craft
Solutions
4154 Shearon Farms Ave Ste: 109
Wake Forest, NC 27587-4570
Britten Banners
Inc
506 Shaw Rd
Sterling, VA 20166-9443
Flag Center LLC
5404 Distributor Dr Ste: A
Richmond, VA 23225-6119
Tidal Wave
Graphics
1713 Parkview Dr
Chesapeake, VA 23320-2630
Madison Avenue Inc
9050 Red Branch Rd Ste: A
Columbia, MD 21045-2176
Festival Design
Inc
309 N Monroe St
Richmond, VA 23220-4232
Wreaths Of
Distinction Inc
12025 Pembridge Ln
Raleigh, NC 27613-7226
KATY-Did Flags
1301 Ware Rd
Richmond, VA 23229-5940
Diamond Enterprise
Signs LLC
7004 Cedar Bend Ct
Raleigh, NC 27612-6900
Decals Unlimited
Inc
11932 Centre St Ste: B
Chester, VA 23831-1701
* Similar Businesses are defined
as the closest businesses sharing the same six-digit primary SIC code ( 5999-06
- Banners) regardless of size.
Closest Neighbors
Virginia Public
Services
6020 Midlothian Tpke
Richmond, VA 23225-5920
Burger King
6025 Midlothian Tpke
Richmond, VA 23225-5919
Auto Pawn Of
America
6029 Midlothian Tpke
Richmond, VA 23225-5919
Regina Beauty
Supply
6011 Midlothian Tpke
Richmond, VA 23225-5919
Richmond Rebos Inc
6000 Midlothian Tpke
Richmond, VA 23225-5920
Turnpike Motel
5918 Midlothian Tpke
Richmond, VA 23225-5918
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Corporate
Family |
Corporate
Structure News: |
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Evergreen
Enterprises Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Richmond, VA |
United States |
Personal and Household Products |
26.6 |
150 |
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Subsidiary |
Madison, VA |
United States |
Recreational Products |
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500 |
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Subsidiary |
Madison, VA |
United States |
Retail (Specialty) |
40.0 |
300 |
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Subsidiary |
Wilmington, NC |
United States |
Personal and Household Products |
0.3 |
2 |
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Subsidiary |
Madison, VA |
United States |
Recreational Products |
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Subsidiary |
Madison, VA |
United States |
Furniture and Fixtures |
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Executive report
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Executives |
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President |
President |
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Chief Operating Officer |
Operations Executive |
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Chief Financial Officer |
Finance Executive |
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Director-Accounting |
Accounting Executive |
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Director-Human Resources |
Human Resources Executive |
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Vice President-Sales |
Sales Executive |
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Chief Information Officer |
Information Executive |
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Vice President |
Other |
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Press clippings
Evergreen Enterprises Recalls Pourable Gel Fuel Due
to Burn and Flash Fire Hazards
PR Newswire US: 25 October 2011
[What follows is the full text of the news story.]
WASHINGTON, Oct.
25, 2011 /PRNewswire-USNewswire/ -- The U.S. Consumer Product Safety
Commission, in cooperation with the firm named below, today announced a
voluntary recall of the following consumer products.
Consumers should
stop using recalled products immediately unless otherwise instructed. It is
illegal to resell or attempt to resell a recalled consumer product.
(Logo:
http://photos.prnewswire.com/prnh/20030904/USCSCLOGO)
· Name of product: Fireside Gel Fuel Bottles
· Units: About 23,400 bottles
· Distributor: Evergreen Enterprises, Richmond, Va.
· Manufacturer: 2 Burn Inc., of Milwaukee
Hazard: The
pourable gel fuel can ignite unexpectedly and splatter onto people and objects
nearby when it is poured into a firepot that is still burning. This hazard can
occur if the consumer does not see the flame or is not aware that the firepot
is still ignited. Gel fuel that splatters and ignites can pose fire and burn
risks to consumers that can be fatal.
Incidents/Injuries:Evergreen
Enterprises is not aware of any reports of incidents involving Fireside Gel
Fuel.
Description: This
recall involves pourable gel fuels packaged in 30-ounce plastic bottles and
sold with or without citronella oil. The words "Fireside," "Gel
Fuel," "Evergreen" and "Flag & Garden" are on the
container labels. The bottles were sold by the case in quantities of 12. The
gel fuel is poured into a stainless steel or ceramic cup in the center of
ceramic or glass firepots or other decorative lighting devices and ignited. The
following products are being recalled:
Evergreen Enterprises Recalls Pourable Gel Fuel Due to Burn
and Flash Fire Hazard
PR Newswire US: 25 October 2011
[What follows is the full text of the news story.]
WASHINGTON,
Oct. 25, 2011 /PRNewswire-USNewswire/ -- The U.S. Consumer Product Safety
Commission, in cooperation with the firm named below, today announced a
voluntary recall of the following consumer products. Consumers should stop
using recalled products immediately unless otherwise instructed. It is illegal
to resell or attempt to resell a recalled consumer product.
|
Name of product |
Size |
Model Number |
UPC |
|
Fireside Gel
Fuel |
30-ounce (case
of 12) |
5G001 |
746851581199 |
|
Fireside Gel
Fuel-Citronella |
30-ounce (case
of 12) |
5G002 |
746851581205 |
Sold at: Independent Retailers from December 2010 through September 2011 for between $9.99 and $11.99
Manufactured in: United States
Remedy: Consumers should immediately stop using the pourable gel fuel and return the gel fuel to the company for a full refund.
Consumer Contact: For additional information, contact Evergreen Enterprises toll-free at (877) 558-1511 between 8:30 a.m. and 5:30 p.m. ET Monday through Friday, or visit the company's website at www.myevergreen.com.
Photos of this product are available at www.cpsc.gov/CPSCPUB/PREREL/prhtml12/12020.html.
For more information about gel fuels, please see:
News Release: Nine Manufacturers, Distributors Announce Consumer Recall of Pourable Gel Fuel Due to Burn and Flash Fire Hazards (Sept. 1, 2011)
News Release: Napa Home & Garden Recalls NAPAfire and FIREGEL Pourable Gel Fuel Due to Fire and Burn Hazards (June 22, 2011)
OnSafety Blog: Stop Using Pourable Gel Fuels (June 22, 2011)
Alert:Press Statement on Gel Fuels and Other Illuminating Fuels (June 14, 2011)
The U.S. Consumer Product Safety Commission (CPSC) is still interested in receiving incident or injury reports that are either directly related to this product recall or involve a different hazard with the same product. Please tell us about your experience with the product on SaferProducts.gov.
· Firm's Recall Hotline: (877) 558-1511
· CPSC Recall Hotline: (800) 638-2772
· CPSC Media Contact: (301) 504-7908
Standard
& Poor’s
|
United
States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks,
Rising Debt Burden; Outlook Negative |
|
Publication
date: 05-Aug-2011 20:13:14 EST |
·
We have lowered our long-term
sovereign credit rating on the United States of America to 'AA+' from 'AAA' and
affirmed the 'A-1+' short-term rating.
·
We have also removed both the short- and long-term ratings
from CreditWatch negative.
·
The downgrade reflects our opinion
that the fiscal consolidation plan that Congress and the Administration
recently agreed to falls short of what, in our view, would be necessary to
stabilize the government's medium-term debt dynamics.
·
More broadly, the downgrade
reflects our view that the effectiveness, stability, and predictability of
American policymaking and political institutions have weakened at a time of
ongoing fiscal and economic challenges to a degree more than we envisioned when
we assigned a negative outlook to the rating on April 18, 2011.
·
Since then, we have changed our
view of the difficulties in bridging the gulf between the political parties
over fiscal policy, which makes us pessimistic about the capacity of Congress
and the Administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt
dynamics any time soon.
·
The outlook on the long-term rating
is negative. We could lower the long-term rating to 'AA' within the next two
years if we see that less reduction in spending than agreed to, higher interest
rates, or new fiscal pressures during the period result in a higher general
government debt trajectory than we currently assume in our base case.
TORONTO (Standard &
Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it
lowered its long-term sovereign credit rating on the United States of America
to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the
long-term rating is negative. At the same time, Standard & Poor's affirmed
its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's
removed both ratings from CreditWatch, where they were placed on July 14, 2011,
with negative implications.
The
transfer and convertibility (T&C) assessment of the U.S.--our assessment of
the likelihood of official interference in the ability of U.S.-based public-
and private-sector issuers to secure foreign exchange for
debt service--remains
'AAA'.
We lowered our long-term
rating on the U.S. because we believe that the prolonged controversy over
raising the statutory debt ceiling and the related fiscal policy debate
indicate that further near-term progress containing the growth in public
spending, especially on entitlements, or on reaching an agreement on raising
revenues is less likely than we previously assumed and will remain a
contentious and fitful process. We also believe that the fiscal consolidation
plan that Congress and the Administration agreed to this week falls short of
the amount that we believe is necessary to stabilize the general government
debt burden by the middle of the decade.
Our lowering of the
rating was prompted by our view on the rising public debt burden and our
perception of greater policymaking uncertainty, consistent with our criteria
(see "Sovereign Government Rating Methodology and
Assumptions ," June 30, 2011,
especially Paragraphs 36-41). Nevertheless, we view the U.S. federal
government's other economic, external, and monetary credit attributes, which
form the basis for the sovereign rating, as broadly unchanged.
We have taken the ratings
off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment
of 2011 has removed any perceived immediate threat of payment default posed by
delays to raising the government's debt ceiling. In addition, we believe that
the act provides sufficient clarity to allow us to evaluate the likely course
of U.S. fiscal policy for the next few years.
The
political brinksmanship of recent months highlights what we see as America's
governance and policymaking becoming less stable, less effective, and less
predictable than what we previously believed. The statutory debt ceiling and
the threat of default have become political bargaining chips in the debate over
fiscal policy. Despite this year's wide-ranging debate, in our view, the
differences between political parties have proven to be extraordinarily
difficult to bridge, and, as we see it, the resulting agreement fell well short
of the comprehensive fiscal consolidation program that some proponents had
envisaged until quite recently. Republicans and Democrats have only been able
to agree to relatively modest savings on discretionary spending while
delegating to the Select Committee decisions on more comprehensive measures. It
appears that for now, new revenues have dropped down on the menu of policy
options. In addition, the plan envisions only minor policy changes on Medicare
and little change in other entitlements,
the containment of which
we and most other independent observers regard as key to long-term fiscal
sustainability.
Our opinion is that
elected officials remain wary of tackling the structural issues required to
effectively address the rising U.S. public debt burden in a manner consistent
with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and
Assumptions," June 30, 2011,
especially Paragraphs 36-41). In our view, the difficulty in framing a
consensus on fiscal policy weakens the government's ability to manage public
finances and diverts attention from the debate over how to achieve more
balanced and dynamic economic growth in an era of fiscal stringency and
private-sector deleveraging (ibid). A new political consensus might (or might
not) emerge after the 2012 elections, but we believe that by then, the
government debt burden will likely be higher, the needed medium-term fiscal
adjustment potentially greater, and the inflection point on the U.S.
population's demographics and other age-related spending drivers closer at hand
(see "Global Aging 2011: In The U.S., Going Gray Will Likely
Cost Even More Green, Now,"
June 21, 2011).
Standard & Poor's
takes no position on the mix of spending and revenue measures that Congress and
the Administration might conclude is appropriate for putting the U.S.'s
finances on a sustainable footing.
The act calls for as much
as $2.4 trillion of reductions in expenditure growth over the 10 years through
2021. These cuts will be implemented in two steps: the $917 billion agreed to
initially, followed by an additional $1.5 trillion that the newly formed
Congressional Joint Select Committee on Deficit Reduction is supposed to
recommend by November 2011. The act contains no measures to raise taxes or
otherwise enhance revenues, though the committee could recommend them.
The act further provides that
if Congress does not enact the committee's recommendations, cuts of $1.2
trillion will be implemented over the same time period. The reductions would
mainly affect outlays for civilian discretionary spending, defense, and
Medicare. We understand that this fall-back mechanism is designed to encourage
Congress to embrace a more balanced mix of expenditure savings, as the
committee might recommend.
We note that in a letter
to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated
total budgetary savings under the act to be at least $2.1 trillion over the
next 10 years relative to its baseline assumptions. In updating our own fiscal
projections, with certain modifications outlined below, we have relied on the
CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to
include the CBO assumptions contained in its Aug. 1 letter to Congress. In
general, the CBO's "Alternate Fiscal Scenario" assumes a continuation
of recent Congressional action overriding existing law.
We view the act's
measures as a step toward fiscal consolidation. However, this is within the
framework of a legislative mechanism that leaves open the details of what is
finally agreed to until the end of 2011, and Congress and the Administration
could modify any agreement in the future. Even assuming that at least $2.1
trillion of the spending reductions the act envisages are implemented, we
maintain our view that the U.S. net general government debt burden (all levels
of government combined, excluding liquid financial assets) will likely continue
to grow. Under our revised base case fiscal scenario--which we consider to be
consistent with a 'AA+' long-term rating and a negative outlook--we now project
that net general government debt would rise from an estimated 74% of GDP by the
end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of
sovereign indebtedness is high in relation to those of peer credits and, as
noted, would continue to rise under the act's revised policy settings.
Compared with previous
projections, our revised base case scenario now assumes that the 2001 and 2003
tax cuts, due to expire by the end of 2012, remain in place. We have changed
our assumption on this because the majority of Republicans in Congress continue
to resist any measure that would raise revenues, a position we believe Congress
reinforced by passing the act. Key macroeconomic assumptions in the base case
scenario include trend real GDP growth of 3% and consumer price inflation near
2% annually over the decade.
Our revised upside
scenario--which, other things being equal, we view as consistent with the
outlook on the 'AA+' long-term rating being revised to stable--retains these
same macroeconomic assumptions. In addition, it incorporates $950 billion of
new revenues on the assumption that the 2001 and 2003 tax cuts for high earners
lapse from 2013 onwards, as the Administration is advocating. In this scenario,
we project that the net general government debt would rise from an estimated
74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.
Our revised downside
scenario--which, other things being equal, we view as being consistent with a
possible further downgrade to a 'AA' long-term rating--features less-favorable
macroeconomic assumptions, as outlined below and also assumes that the second
round of spending cuts (at least $1.2 trillion) that the act calls for does not
occur. This scenario also assumes somewhat higher nominal interest rates for
U.S. Treasuries. We still believe that the role of the U.S. dollar as the key
reserve currency confers a government funding advantage, one that could change
only slowly over time, and that Fed policy might lean toward continued loose
monetary policy at a time of fiscal tightening. Nonetheless, it is possible
that interest rates could rise if investors re-price relative risks. As a
result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in
10-year bond yields relative to the base and upside cases from 2013 onwards. In
this scenario, we project the net public debt burden would rise from 74% of GDP
in 2011 to 90% in 2015 and to 101% by 2021.
Our revised scenarios
also take into account the significant negative revisions to historical GDP
data that the Bureau of Economic Analysis announced on July 29. From our
perspective, the effect of these revisions underscores two related points when
evaluating the likely debt trajectory of the U.S. government. First, the
revisions show that the recent recession was deeper than previously assumed, so
the GDP this year is lower than previously thought in both nominal and real
terms. Consequently, the debt burden is slightly higher. Second, the revised
data highlight the sub-par path of the current economic recovery when compared
with rebounds following previous post-war recessions. We believe the sluggish
pace of the current economic recovery could be consistent with the experiences
of countries that have had financial crises in which the slow process of debt
deleveraging in the private sector leads to a persistent drag on demand. As a
result, our downside case scenario assumes relatively modest real trend GDP
growth of 2.5% and inflation of near 1.5% annually going forward.
When comparing the U.S.
to sovereigns with 'AAA' long-term ratings that we view as relevant peers--Canada,
France, Germany, and the U.K.--we also observe, based on our base case
scenarios for each, that the trajectory of the U.S.'s net public debt is
diverging from the others. Including the U.S., we estimate that these five
sovereigns will have net general government debt to GDP ratios this year
ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%.
By 2015, we project that their net public debt to GDP ratios will range between
30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at
79%. However, in contrast with the U.S., we project that the net public debt
burdens of these other sovereigns will begin to decline, either before or by
2015.
Standard & Poor's
transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment
reflects our view of the likelihood of the sovereign restricting other public
and private issuers' access to foreign exchange needed to meet debt service.
Although in our view the credit standing of the U.S. government has
deteriorated modestly, we see little indication that official interference of
this kind is entering onto the policy agenda of either Congress or the
Administration. Consequently, we continue to view this risk as being highly
remote.
The outlook on the
long-term rating is negative. As our downside alternate fiscal scenario
illustrates, a higher public debt trajectory than we currently assume could
lead us to lower the long-term rating again. On the other hand, as our upside
scenario highlights, if the recommendations of the Congressional Joint Select
Committee on Deficit Reduction--independently or coupled with other
initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high
earners--lead to fiscal consolidation measures beyond the minimum mandated, and
we believe they are likely to slow the deterioration of the government's debt
dynamics, the long-term rating could stabilize at 'AA+'.
On Monday,
we will issue separate releases concerning affected ratings in the funds,
government-related entities, financial institutions, insurance, public finance,
and structured finance sectors.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
UK Pound |
1 |
Rs.81.06 |
|
Euro |
1 |
Rs.69.51 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.