|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROBERT TALBOTT INC |
|
|
|
|
|
|
Registered Office : |
PO Box 996 Carmel Valley, California, 93924 |
|
|
|
|
|
|
Country : |
United States |
|
|
|
|
|
|
Year of Establishment : |
1950 |
|
|
|
|
|
|
Legal Form : |
Corporation
for Profit |
|
|
|
|
|
|
Line of Business : |
Robert Talbott, Inc. produces and sells apparel for men and women. |
|
|
|
|
|
|
No. of Employees : |
250 |
|
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and
most technologically powerful economy in the world, with a per capita GDP of
$48,100. In this market-oriented economy, private individuals and business
firms make most of the decisions, and the federal and state governments buy needed
goods and services predominantly in the private marketplace. US business firms
enjoy greater flexibility than their counterparts in Western Europe and Japan
in decisions to expand capital plant, to lay off surplus workers, and to
develop new products. At the same time, they face higher barriers to enter
their rivals' home markets than foreign firms face entering US markets. US
firms are at or near the forefront in technological advances, especially in
computers and in medical, aerospace, and military equipment; their advantage
has narrowed since the end of World War II. The onrush of technology largely
explains the gradual development of a "two-tier labor market" in
which those at the bottom lack the education and the professional/technical
skills of those at the top and, more and more, fail to get comparable pay
raises, health insurance coverage, and other benefits. Since 1975, practically
all the gains in household income have gone to the top 20% of households. Since
1996, dividends and capital gains have grown faster than wages or any other
category of after-tax income. Imported oil accounts for nearly 55% of US
consumption. Oil prices doubled between 2001 and 2006, the year home prices
peaked; higher gasoline prices ate into consumers' budgets and many individuals
fell behind in their mortgage payments. Oil prices increased another 50%
between 2006 and 2008. In 2008, soaring oil prices threatened inflation and
caused a deterioration in the US merchandise trade deficit, which peaked at
$840 billion. In 2009, with the global recession deepening, oil prices dropped
40% and the US trade deficit shrank, as US domestic demand declined, but in
2011 the trade deficit ramped back up to $803 billion, as oil prices climbed
once more. The global economic downturn, the sub-prime mortgage crisis,
investment bank failures, falling home prices, and tight credit pushed the
United States into a recession by mid-2008. GDP contracted until the third
quarter of 2009, making this the deepest and longest downturn since the Great
Depression. To help stabilize financial markets, in October 2008 the US
Congress established a $700 billion Troubled Asset Relief Program (TARP). The
government used some of these funds to purchase equity in US banks and
industrial corporations, much of which had been returned to the government by
early 2011. In January 2009 the US Congress passed and President Barack OBAMA
signed a bill providing an additional $787 billion fiscal stimulus to be used
over 10 years - two-thirds on additional spending and one-third on tax cuts -
to create jobs and to help the economy recover. In 2010 and 2011, the federal
budget deficit reached nearly 9% of GDP; total government revenues from taxes
and other sources are lower, as a percentage of GDP, than that of most other
developed countries. The wars in Iraq and Afghanistan required major shifts in
national resources from civilian to military purposes and contributed to the
growth of the US budget deficit and public debt - through 2011, the direct
costs of the wars totaled nearly $900 billion, according to US government
figures. In March 2010, President OBAMA signed into law the Patient Protection
and Affordable Care Act, a health insurance reform bill that will extend
coverage to an additional 32 million American citizens by 2016, through private
health insurance for the general population and Medicaid for the impoverished.
Total spending on health care - public plus private - rose from 9.0% of GDP in
1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall
Street Reform and Consumer Protection Act, a law designed to promote financial
stability by protecting consumers from financial abuses, ending taxpayer
bailouts of financial firms, dealing with troubled banks that are "too big
to fail," and improving accountability and transparency in the financial
system - in particular, by requiring certain financial derivatives to be traded
in markets that are subject to government regulation and oversight. Long-term
problems include inadequate investment in deteriorating infrastructure, rapidly
rising medical and pension costs of an aging population, sizable current
account and budget deficits - including significant budget shortages for state
governments - energy shortages, and stagnation of wages for lower-income
families.
Source
: CIA
|
| POLITICAL DATA | ECONOMIC DATA |
|
|
Form of Government: Federal Economic
Risk: Nil |
Currency:
USD Branch Situation:Stable |
Comments on
data Dear client,
The address
provided is that of the company’s showroom
|
Legal
Name: |
ROBERT
TALBOTT INC |
|
|
|
Legal
Address |
PO
Box 996 Carmel Valley, California, 93924, U.S. |
||
|
Operative
Address |
2901
Monterey Salinas Hwy, Monterey, California 93940, U.S. |
||
|
Mailing
Address |
P.O.
Box 996 Carmel Valley, California 93924, U.S. |
||
|
Telephone: |
+ 1 (831) 649-6000 |
ID
: |
C0250584 |
|
Fax: |
+ 1 (831) 649-4244 |
Legal
Form: |
Corporation
for |
|
|
|
|
Profit |
|
Email: |
Registered
in: |
California |
|
|
Website: |
m |
Date
Created: |
1950 |
|
Manager: |
Robert
Corliss, |
Date
Incorporated: |
January
4th, 1951 |
|
|
President |
|
|
|
Staff: |
250 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Robert
Talbott, Inc. produces and sells apparel for men and women. |
||
Name
of the Bank WELLS
FARGO BANK
Name of the Bank US
BANK
HISTORY
The
company was created in 1950. PRINCIPAL ACTIVITY
Robert Talbott, Inc. produces and sells apparel for men
and women.
Products/Services
description:
It offers blouses,
knits, jackets, bottoms, dresses, and accessories, as well as neckwear, shirts,
sportswear, formalwear, outwear, belts, bow ties, and cufflinks. The company
also produces and sells wine online.
Sales
are:
Wholesale,
Retail
Clients:
General clientele
Retail apparel stores, among other related
industries.
Suppliers:
Lever Shirt Ltd.
1
F Wing Tai Ctr 12 Hing Yip St Kwun Tong Kowloon Hk Perfect Knitters Ltd.
Plot No.29,Nagarjuna Hills,
Punjagutta,Hyderabad 500 082, India
Operations
area:
National, International The
company imports from Europe, Hong Kong,
India
The company exports to Canada,
England, Germany, the Russian Federation, Australia, and
Puerto Rico
Competitors:
Henry Jacobson, LLC
A Frame Apparel, LLC Richard Tori Skyblue Sewing Mfg Inc How Can International
Inc
(Among
others) The subject employs 250 employee(s)
Comments
on staff:
This
information could not be confirmed with the staff.
PAYMENTS
No Complaints
LOCATION
Headquarters
The
company is headquartered at 2901 Monterey Salinas HWY,
Monterey, California 93940, USA.
The
property is:
Owned
Branches:
The company has
several branches throughout the United States: 85A Highland Park Village,
Dallas, TX 75205-2733 720 5th Avenue, 9th Floor New York, 10019 680 Madison
Avenue, New York, NY 10065-7246 Among others.
Showroom:
720 5th Avenue 9th Floor New York 10019 USA
Business Overview:
The US apparel
manufacturing industry includes about 8,000 companies that have combined annual
revenue of about $20 billion. Large companies include Levi Strauss,
Phillips-Van Heusen, VF Corporation, and Warnaco. The industry is fragmented:
the 50 largest companies generate less than 40 percent of revenue. The industry
includes knitting mills, but most apparel is cut and sewn.
Listed
at the stock exchange: NO
Shareholders
Parent Company(ies):
The company is
privately held. Despite our long searches we could not identify the names of
the main shareholders.
Management:
Jerome
Politzer, CEO
Robert
Corliss
Jeff
Payne, IT Executive
Vivian
Wu, Finance Executive
Ignacio
Alvarez, Human Resources Executive
John
Moran, Telecommunications Executive
As a private
company the subject does not publish any financial statements.
We have contacted the operator who refused to provide
us any financial data on grounds of confidentiality.
As a private
company, the subject does not publish its financial statements.
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.
|
| Currency | |
DATE |
|
|
|
USD |
|
2011 |
|
|
Turnover |
|
16,000,000 |
|
|
The
cash flow is |
|
Normal |
|
|
|
|||
|
| Currency | |
DATE |
|
|
|
USD |
|
2010 |
|
|
Turnover |
|
8,850,000 |
|
|
Operating
Income |
|
680,000 |
|
|
Net
Income |
|
520,000 |
|
|
Net
worth |
|
1,450,000 |
|
|
Bank
liabilities |
|
70,000 |
|
|
The
cash flow is |
|
Normal |
|
|
|
|||
|
| Currency | |
DATE |
|
|
|
USD |
|
2009 |
|
|
Turnover |
|
7,940,000 |
|
|
Operating
Income |
|
213,000 |
|
|
Net
Income |
|
174,000 |
|
|
Net
worth |
|
800,000 |
|
|
Bank
liabilities |
|
120,000 |
|
|
The
cash flow is |
|
Normal |
|
|
Currency |
1 |
DATE |
|
|
USD |
|
2007 |
|
|
Turnover |
|
7,500,000 |
|
Comments on the
financial data: The financial figures have not been
confirmed by the company.
Legal
Fillings
There are several UCC**
files listed with the Secretary of State of California.
Filing Number: 127298569453 Filing
Date: 01-25-2012
Secured Party: EVERBANK COMMERCIAL FINANCE, INC.
Filing
Number: 117288923920 Filing Date: 10-25-2011
Secured Party: SANTA BARBARA BANK & TRUST,
N.A.
Filing
Number: 107248300813
Filing
Date: 10-13-2010
Secured Party: ROSENTHAL & ROSENTHAL
OF CALIFORNIA, INC.
Filing
Number: 097206625825 Filing Date: 08-25-2009
Secured Party: ROBERT TALBOTT, INC
Filing
Number: 097198646909 Filing Date: 06-05-2009
Secured Party: WELLS FARGO BANK, NATIONAL
ASSOCIATION
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 debtorD 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 records on financial obligations
(including IRS liens) incurred by individuals (in business as a sole
proprietor), business entities and corporations.
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.
Final
Opinion
Robert Talbott Inc. has been in
business for 61 years.
It has a staff of 250 employees,
which makes it a medium sized company.
The
company has branches all over the US, and also operates as a wholesaler
distributing its products to retail
apparel stores.
It has international relations.
We did not find
legal filings against the company or its legal representatives.
|
|
|
||
|
FINANCIAL
SUMMARY |
DEBT COLLECTIONS |
||
|
|
|
AND PAYMENTS |
|
|
|
|
|
|
|
Profitability |
N.A. |
Public Records |
NO |
|
Indebtedness |
CONTROLL ED |
Payments |
No Complaints |
|
Cash |
NORMAL |
|
|
Position Operator
Comments She just agreed to
confirm the company's headquarters and showroom's location.
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+'.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.