MIRA INFORM REPORT
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Report Date : |
18.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BIG LOTS STORES INC |
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Registered Office : |
50 W. Broad St Suite 1800 Columbus,Oh 43215 |
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Country : |
United States |
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Date of Incorporation : |
17.01.1986 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Self Storage Warehouses |
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 1,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
BIG Lots Stores Inc |
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Address in the order: |
Attn. Accounts Payble 300 Phillipi Road, Columbus Ohio 43228 |
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Legal Name: |
BIG Lots Stores Inc |
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Legal Address |
50 W. BROAD ST SUITE 1800 COLUMBUS,OH 43215 (Register agent) |
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Operative Address |
300 Phillipi Road Columbus, OH 43228 |
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Telephone: |
+1 (614) 278-6800 |
ID : |
669545 |
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Fax: |
N/A |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Ohio |
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Website: |
Date Created: |
1986 |
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Manager: |
Brady Churches, Sr Vice-president |
Date Incorporated: |
January 17th, 1986 |
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Staff: |
13,000 (At group level) |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Self Storage Warehouses |
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BANKS
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Name of the Bank |
Bank Of America |
BUSINESS
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HISTORY |
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The company was created in the year 1986. |
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PRINCIPAL ACTIVITY |
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This company is categorized under Self Storage Warehouses. This company is direct subsidiary of Big Lots Inc, the subject company
handles all its mother company's business through this company. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company does not import |
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The company does not export |
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Comments on staff: |
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The company has 13,000 employ4ees at group level. The staff were consolidated
from its mother company. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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At the above address we can find the company's headquartered. The company shares its main office with its mother company. |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is wholly own subsidiary of Big Lots Inc, a public company
that trades at the stock exchange NYSE under ticker symbol "BIG".
The company is located in: 5303 Fisher Road Columbus, OH 43228 Phone: (614) 278-6800 Http://biglots.com |
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Management: |
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Brady Churches, Sr Vice-president Brad A. Waite , Executive Vice President Albert J. Bell , Vice-Chairman Of The Board Steve Simon, Manager |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Sally who confirmed
basic information, but refused to provide us any financial data on grounds of
confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
4,952,244,000 |
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Operating Income |
357,345,000 |
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Net Income |
222,524,000 |
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Current Assets |
1,051,719,000 |
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Fixed Assets |
946,793,000 |
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Net worth |
946,793,000 |
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Liabilities |
672,806,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are 107 UCC** files listed with the
Secretary of State of Ohio. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
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Rating
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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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Final Opinion |
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This is a big size company with 1,000
employees at group level and 25 years of experience. There were no legal filings found against
the company or its legal representatives. The company is wholly own subsidiary of
Big Lot Inc a public company that
trades at the stock exchange NYSE under ticker symbol "BIG": We've contacted the company but they
refused to provide us any financial information on grounds of
confidentiality. There was no financial information found
for this company. We could gathered though, the financial figures of the
mother company. Its a well established company with an
indebtedness controlled, and cash flow normal. In fact this company gave a good
profitability for that year . At this point considering that this company
is directly subsidiary of this company, and the company's profitability. A credit line may be considered for USD
1,000,000 |
SUMMARY
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Profitability |
GOOD |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Sally |
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Comments |
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She confirmed basic information, but refused to provide us any
financial data on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.93 |
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UK Pound |
1 |
Rs.72.43 |
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Euro |
1 |
Rs.63.62 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.