MIRA INFORM REPORT

 

 

Report Date :           

17.12.2011

 

IDENTIFICATION DETAILS

 

Name :

TRICOR BRAUN

 

 

Registered Office :

8550 Market Street Rd, Ste B, Houston, TX 77029-2422

 

 

Country :

United States 

 

 

Year of Establishment :

2007

 

 

Legal Form :

Private Branch

 

 

Line of Business :

providing commercial art or graphic design services for advertising agencies, publishers, and other business and industrial users

 

 

No. of Employees :

20 persons

 

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

 

Maximum Credit Limit :

$7,500 (USD)

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address 

 

Tricor Braun

8550 Market Street Rd

Ste B

Houston, TX 77029-2422

United States

Tel:       713-670-5100

Web:    www.tricorbraun.com

 

           

synthesis

 

Employees:                  20

Company Type:            Private Branch

Corporate Family:          748 Companies

Ultimate Parent:             Code Hennessy & Simmons LLC

Incorporation Date:         2007

Financials in:                 usd (Millions)

Reporting Currency:       US Dollar

Annual Sales:               4.0

Total Assets:                 NA

 

 

Business Description     

 

Establishments primarily engaged in providing commercial art or graphic design services for advertising agencies, publishers, and other business and industrial users.

 

Industry

Industry            Business Services

ANZSIC 2006:    6924 - Other Specialised Design Services

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     541430 - Graphic Design Services

UK SIC 2003:    74872 - Speciality design activities

US SIC 1987:    7336 - Commercial Art and Graphic Design

 

           

Key Executives 

(Emails Available)       

 

Name                                                   Title    

Michael Sheffler                                     Manager, Finance Executive, Sales Executive     

 


1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

8550 Market Street Rd

Ste B

Houston, TX, 77029-2422

Harris County

United States

Tel:       713-670-5100

Web:    www.tricorbraun.com

           

Sales USD(mil):             4.0

Assets USD(mil):           NA

Employees:                   20

Industry:                        Business Services

Incorporation Date:         2007

Company Type:             Private Branch

Quoted Status:              Not Quoted

Manager,

Finance Executive,

Sales Executive:            Michael Sheffler

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Additional Information

 

Industry Codes

 

ANZSIC 2006 Codes:

6924     -          Other Specialised Design Services

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

541430  -          Graphic Design Services

 

US SIC 1987:

7336     -          Commercial Art and Graphic Design

 

UK SIC 2003:

74872   -          Speciality design activities

 


Business Description

Establishments primarily engaged in providing commercial art or graphic design services for advertising agencies, publishers, and other business and industrial users.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

4.0

1 Year Growth

NA

 

Additional Information

ABI Number:

645789017

 

 

 

 

 

 

Credit Report as of 04/01/2011

 

Location

8550 Market Street Rd Ste: B
Houston, TX 77029-2422
United States

 

County:

Harris

MSA:

Houston, TX

 

Phone:

713-670-5100

URL:

http://tricorbraun.com

 

ABI©:

645789017

 

Annual Sales:

$3,960,000 (USD)

Employees:

20

 

Facility Size(ft2):

2,500 - 9,999

 

Business Type:

Private

Location Type:

Branch

Corp. Affiliation:

Tricor Braun Holdings Inc

Recommended Credit Limit *

   $7,500 (USD)

 

Primary Line Of Business:

SIC:

7336-01 - Package Designing & Development

NAICS:

541430 - Graphic Design Svcs

 


Table of Contents

 

Profile Links

Similar Businesses in the Area

Closest Neighbors

 

External Links

http://tricorbraun.com

Parent OneSource Profile

Similar Businesses in the Area *

 

AFP Austin Foam Plastics

2933 A W Grimes Blvd

Pflugerville, TX 78660-5292         

 

Rodeo Plastic Bag & Film Inc

3328 Executive Blvd

Mesquite, TX 75149-2706           

 

AUSTIN Foam Plastics Inc

2933 A W Grimes Blvd

Pflugerville, TX 78660-5292

 

Us Net

2500 E Randol Mill Rd Ste: 107

Arlington, TX 76011-6302           

 

Pbs Group

1322 Sand Stone Dr

Richmond, TX 77406-2314         

 

Shockwatch Inc

1111 W Mockingbird Ln Ste: 1050

Dallas, TX 75247-5043

 

Tricor Braun

5122 Dietrich Rd Ste: 100

San Antonio, TX 78219-2908      

 

Alliance Packaging Systems

2302 E Pacific St

Grand Prairie, TX 75050-6154     

 

Claude Blackburn Design Inc

1814 8th Ave Ste: 6

Fort Worth, TX 76110-1354

 

Altek Graphics

4507 Dove Lake St

San Antonio, TX 78244-1701

 

   *        Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 7336-01 - Package Designing & Development) regardless of size.

 

 

Closest Neighbors

 

Flash Tank Services

904 Portwall St

Houston, TX 77029-1397

 

Global Sealing Systems

8500 Market Street Rd Ste: A

Houston, TX 77029-2445

 

International Distribution

8530 Market Street Rd

Houston, TX 77029-2422

 

Plasteco Inc

8535 Market Street Rd

Houston, TX 77029-2421

 

Keystone Automotive Industries

8515 Market Street Rd

Houston, TX 77029-2421

 

Complete Plastic Fabricators

8533 Market Street Rd

Houston, TX 77029-2421

 

Transmar Distribution Services

8525 Market Street Rd

Houston, TX 77029-2435

 

 

Corporate Family

Corporate Structure News:

 

Code Hennessy & Simmons LLC
Tricor Braun

Tricor Braun 
Total Corporate Family Members: 748 
Excluded Small Branches and/or Trading Addresses: 698 (Available via export) 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Code Hennessy & Simmons LLC

Parent

Chicago, IL

United States

Miscellaneous Financial Services

 

14,000

AMF Bowling, Inc.

Subsidiary

Richmond, VA

United States

Casinos and Gaming

715.0

17,280

Qubica Amf Worldwide LLC

Branch

Mechanicsville, VA

United States

Recreational Activities

22.5

395

AMF Showplace Lanes

Branch

Austin, TX

United States

Recreational Activities

6.8

120

AMF Inc

Branch

Lowville, NY

United States

Recreational Products

67.0

100

Amf 300 San Jose

Branch

San Jose, CA

United States

Recreational Activities

5.7

100

Amf 300 Long Island

Branch

Melville, NY

United States

Recreational Activities

5.7

100

AMF 300 Shady Grove Lanes

Branch

Gaithersburg, MD

United States

Recreational Activities

5.5

97

Amf Earle Brown Bowl

Branch

Brooklyn Center, MN

United States

Recreational Activities

5.1

90

Amf 300 Atlanta

Branch

Chamblee, GA

United States

Recreational Activities

4.6

80

AMF Lincoln Lanes

Branch

Grand Rapids, MI

United States

Recreational Activities

4.3

75

Amf Sheridan Lanes Professional Shop

Branch

Mineola, NY

United States

Retail (Specialty)

4.4

30

Boliches AMF S.A. de C.V.

Subsidiary

México

Mexico

Recreational Products

175.0

 

American Asphalt & Grading Co

Subsidiary

Henderson, NV

United States

Construction Services

 

1,200

WNA Inc

Subsidiary

Covington, KY

United States

Fabricated Plastic and Rubber

192.5

1,000

WNA Inc

Branch

Chattanooga, TN

United States

Fabricated Plastic and Rubber

47.9

211

WNA

Branch

Lancaster, TX

United States

Fabricated Plastic and Rubber

45.4

200

Rinker Boat Co

Subsidiary

Syracuse, IN

United States

Personal Services

 

300

Home Acres Building Supply Co

Subsidiary

Grand Rapids, MI

United States

Construction Services

 

200

Hunt Valve Co Inc

Subsidiary

Salem, OH

United States

Miscellaneous Capital Goods

 

170

Kele Inc

Subsidiary

Memphis, TN

United States

Electronic Instruments and Controls

 

155

WASH Multifamily Laundry Systems LLC

Subsidiary

El Segundo, CA

United States

Business Services

24.1

100

Wash Multi Laundry System

Branch

Rancho Dominguez, CA

United States

Miscellaneous Capital Goods

9.6

40

WASH Multifamily Laundry System

Branch

Las Vegas, NV

United States

Retail (Specialty)

9.2

30

Swank Audio Visuals LLC

Subsidiary

Fenton, MO

United States

Business Services

 

60

Swank Audio Visuals

Branch

Oakland, CA

United States

Rental and Leasing

12.8

60

Swank Audio Visuals

Branch

St Louis, MO

United States

Communications Services

12.9

30

LVI Services Inc

Subsidiary

New York, NY

United States

Business Services

125.0

50

LVI Environmental Services Inc

Branch

Gaithersburg, MD

United States

Waste Management Services

9.9

80

LVI Environmental Services Inc

Branch

Everett, MA

United States

Waste Management Services

7.7

62

Mazzocchi Wrecking

Branch

East Hanover, NJ

United States

Construction Services

17.2

50

LVI Environmental Services Inc

Branch

Rochester, NY

United States

Waste Management Services

6.2

50

LVI Environmental Services Inc

Branch

San Antonio, TX

United States

Waste Management Services

6.2

50

LVI Environmental Services Inc

Branch

Las Vegas, NV

United States

Construction Services

9.0

45

LVI Environmental Services Inc

Branch

Albany, NY

United States

Waste Management Services

3.7

30

LVI Environmental Services Inc

Branch

Houston, TX

United States

Miscellaneous Capital Goods

10.0

20

LVI Environmental Services Inc

Branch

Denver, CO

United States

Construction Services

4.0

20

TricorBraun Holdings Inc

Subsidiary

St Louis, MO

United States

Business Services

 

50

Tricor Braun

Branch

Cerritos, CA

United States

Paper and Paper Products

42.1

40

Penn Bottle & Supply Co

Subsidiary

Essington, PA

United States

Miscellaneous Fabricated Products

 

28

Penn Bottle & Supply Co

Branch

East Rutherford, NJ

United States

Miscellaneous Capital Goods

14.3

25

Tricor Braun

Branch

Mansfield, MA

United States

Business Services

5.3

27

Tricor Braun

Branch

Portland, OR

United States

Containers and Packaging

6.3

24

Tricor Braun

Branch

Houston, TX

United States

Business Services

4.0

20

Tricor Braun Design & Engnrng

Subsidiary

Elmhurst, IL

United States

Business Services

 

 

Tricor Braun Design & Engnrng

Branch

Buffalo, NY

United States

Miscellaneous Fabricated Products

14.3

25

Mainline Supply Co

Subsidiary

Concord, NC

United States

Iron and Steel

 

30

Acton Mobile Industries

Subsidiary

Nottingham, MD

United States

Construction - Supplies and Fixtures

 

25

Amf Bowling, Inc.

Subsidiary

 

 

 

 

 

American Laser Ctr LLC

Subsidiary

Farmington Hills, MI

United States

Personal Services

 

 

 

 

 

executive report

 

Executives

 

Name

Title

Function

 

Michael Sheffler

 

Manager, Finance Executive, Sales Executive

Finance Executive

 

 

 

 


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.52.81

UK Pound

1

Rs.82.00

Euro

1

Rs.68.81

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.