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MIRA INFORM REPORT
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Report No. : |
504270 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
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Name : |
STERLING JEWELERS, INC. |
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Registered Office : |
Dimche
Kostrevski, 38 South Hamilton Road , Columbus,Oh 43213, USA |
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Country : |
United States |
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Financials (as on) : |
2015 |
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Date of Incorporation : |
1910 |
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Legal Form : |
Corporation For Profit |
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Line of Business : |
· Subject is a large-sized organization in the jewelry stores industry located in Fairlawn, OH. ·
Subject owns and
operates fine jewelry stores in the United States and the United Kingdom. It
sells engagement, wedding, anniversary, fashion, stackable, personalized, and
other rings; heart, religious, collegiate, and other necklaces, as well as
chains and lockets; hoop, stud, drop, and other earrings; tennis, anklet,
bangle, cuff, and other bracelets; and charmed memories and charms. The
company also provides men’s and women’s watches, cuff links, money clips, key
chains, tie bars, pins, and jewelry boxes. It also sells through its online
store. |
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No. of Employees : |
9,900 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $59,500. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, 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, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in 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. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. 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 more than 50% of US consumption and oil has a major impact on the overall health of the economy. Crude 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 climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. 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, Congress passed and former 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. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through FY 2018, the direct costs of the wars will have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient Protection and Affordable Care Act (ACA), a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the former 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.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. The Fed ended its purchases during the summer of 2014, after the unemployment rate dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of GDP. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With continued low growth, the Fed opted to raise rates several times since then, and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the Tax Cuts and Jobs Act, which, among its various provisions, reduces the corporate tax rate from 35% to 21%; lowers the individual tax rate for those with the highest incomes from 39.6% to 37%, and by lesser percentages for those at lower income levels; changes many deductions and credits used to calculate taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do not obtain the minimum amount of health insurance required under the ACA. The new taxes took effect on 1 January 2018; the tax cut for corporations are permanent, but those for individuals are scheduled to expire after 2025. The Joint Committee on Taxation (JCT) under the Congressional Budget Office estimates that the new law will reduce tax revenues and increase the federal deficit by about $1.45 trillion over the 2018-2027 period. This amount would decline if economic growth were to exceed the JCT’s estimat
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Source
: CIA |
STATUTORY
INFORMATION
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Legal
Name: |
STERLING JEWELERS, INC. |
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Trade
Name: |
JARED THE GALLERIA OF JEWELRY KAY JEWELERS BELDEN JEWELERS SHAWS JEWELERS |
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ID: |
245363 |
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Date
Created: |
1910 |
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Date
Incorporated: |
03/01/1955 |
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Legal
Address: |
Dimche Kostrevski 38 South Hamilton Road Columbus,Oh 43213 USA |
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Operative
Address: |
375 Ghent Rd Fairlawn, Ohio 44333-4600 United States |
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Telephone:
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234-466-5000 800-527-8179 |
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Fax: |
330-668-5052 |
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Legal
Form: |
Corporation For Profit |
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Email: |
info@csterlingjewelers.com |
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Registered
in: |
OHIO |
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Website:
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www.sterlingjewelers.com /
www.keepanopenheart.com |
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Contact: |
Mark S. Light, Chief Executive
Officer and Director |
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Staff: |
9,900 |
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Activity: |
NAICS 1: Jewelry, Watch, Precious
Stone, and Precious Metal Merchant Wholesalers SIC 1: Precious Stones And
Metals |
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BANKS: |
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The company does not make its banking data public |
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HISTORY: |
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The company was founded
in 1910 by Henry Shaw (the father of Jerry Shaw, the chairman emeritus of
Sterling today), from LeRoy's Jewelers in Lorain, Ohio. |
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Key
Developments: |
Sterling Jewelers Inc. was formerly known as Sterling Merchandise
Company. Since 2009, Sterling Jewelers has been a corporate sponsor of St. Jude
Children's Research Hospital, making a number of donations to many of the
hospital's building, clinical, and research projects. In February 2014, Signet Jewelers Ltd. agreed to buy Zale Corporation In August 2017, it was announced that Signet Jewelers Ltd. agreed to
buy R2Net, owner of online jewelry retailer JamesAllen.com |
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PRINCIPAL
ACTIVITY
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Sterling Jewelers, Inc. is a large-sized organization in the jewelry stores
industry located in Fairlawn, OH. |
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Products/Services description: |
Sterling Jewelers Inc. owns and operates fine jewelry stores in the
United States and the United Kingdom. It sells engagement, wedding,
anniversary, fashion, stackable, personalized, and other rings; heart,
religious, collegiate, and other necklaces, as well as chains and lockets;
hoop, stud, drop, and other earrings; tennis, anklet, bangle, cuff, and other
bracelets; and charmed memories and charms. The company also provides men’s
and women’s watches, cuff links, money clips, key chains, tie bars, pins, and
jewelry boxes. It also sells through its online store. PRODUCTS: Rings Necklaces Bracelets Earrings Charms Watches Assorted Personalized Bridal Collections |
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Brands: |
Artistry Diamonds Nevil Lane Ever us The Leo Diamond Tolkowsky |
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Sales are: |
Wholesale and Retail |
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Clients: |
National and International
companies, as well as general public |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
India |
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The company exports to |
UK and Canada |
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The subject
employs |
9,900 employees |
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Payments:
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Regular |
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LOCATION
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Headquarters
: |
375 Ghent Rd Fairlawn, Ohio 44333-4600 United States |
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Comments: |
NA |
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Branches: |
The company has approximately
1,500 stores in the USA. |
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Related
Companies: |
NA |
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Main
Competitors: |
Wal-Mart Stores, Inc. Company Information 702 Sw 8th St Bentonville, AR, 72716 United States (479) 273-4000 http://www.walmart.com Helzberg's Diamond Shops, Inc. Company Information 1825 Swift Ave Kansas City, MO, 64116 United States (816) 842-7780 http://www.helzberg.com Pandora A/S Company Information Havneholmen 17-19 København, Hovedstaden, 1561 Denmark +45-36720044 |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. Sterling Jewelers Inc.
operates as a subsidiary of: Signet Us Holdings, Inc. 850 Library Ave Newark, DE USA Global Headquarter: Signet Jewelers Limited Clarendon House 2 Church Street Hamilton HM11 Bermuda |
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Management: |
Mark S. Light, Chief Executive Officer and Director Edward Hrabak, President Gary Ciolli, Controller Robert Trabucco, Chief Financial Officer Robert Knapp, Senior Vice President of Corporate
Supply Chain Management and Distribution Stuart Lee, Senior Vice President of Merchandising
and General Merchandise Manager John Gabel, Managing Director |
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FINANCIAL
INFORMATION
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The company does not make its financial statements
public. The following information has been provided by private sources: |
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USD 2015 |
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Sales |
1,278,036,000 |
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Cash
flow |
Normal |
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We also attach the latest financial statements of
Signet Jewelers Limited |
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LEGAL
FILINGS
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PATENTS |
Jewelry display
device Patent number:
6758330 Abstract: A jewelry
display device, including a base having a top and bottom surface, a cover
having one end hingedly attached to one end of the base, the base having at
least a first display member on the top surface thereof, and the cover being
selectively movable between a position overlying the top surface of the base
and a position underlying the bottom surface of the base. Type: Grant Filed: December 2,
2002 Date of Patent:
July 6, 2004 Assignee: Sterling
Jewelers Inc. Inventor: John
Chudada Article display
device Patent number:
7568301 Abstract: A device
(10) for carrying and displaying articles includes a cover portion (11) and a
base portion (12) interconnected by a spine (13). The base portion (12)
includes a pedestal (20) with pockets (32) formed therein. The pockets (32)
each carry an arm (38) which is pivotal from a first position within the
pocket (32) to a second position partially outside the pocket (32). A magnet
(52) maintains the arm (38) in the second position. The arm (38) is provided
with a recess (40) sized to receive a gem holder (29) which can carry a
diamond (28). The cover portion (11) can carry a pad (18) of paper, and the
base portion (12) can be provided with a slot (27) to receive other articles.
An article receiving area (23) can also be provided to carry information
relating to the articles being displayed. Type: Grant Filed: March 24,
2005 Date of Patent:
August 4, 2009 Assignee: Sterling
Jewelers Inc. Inventors: Tamara
Zemlansky, Steven Kidwell Article storage and
display container Patent number:
6494316 Abstract: A storage
and display container for the storage and display of small articles such as
jewelry includes a base or display unit and a cover removably received on the
base or display unit. The base or display unit includes first and second
display areas, one for the article and one for the indicia bearing material
relating to the article. The cover for removably closing off the display unit
is provided with a tapered top wall so that it can be removed from the
display unit, inverted and have the display unit replaced in its open end.
The cover has a tapered top wall so that, when inverted, it will support the
display unit at an angle to one viewing it. A modified form of the invention
includes a slot in the wall of the display unit for receipt of a transport,
storage and display package which carries the indicia bearing material. The
package has a pocket for receipt of the article for transport and storage
when the article is not being displayed. Type: Grant Filed: November 9,
2000 Date of Patent:
December 17, 2002 Assignee: Sterling
Jewelers Inc. Inventors: Ilene
Bloch, Tamara Zemlansky Jewelry display
tray Patent number:
D487651 Type: Grant Filed: April 9,
2003 Date of Patent:
March 23, 2004 Assignee: Sterling
Jewelers Inc. Inventors: Ilene
Bloch, Tamara Zemlansky |
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CASES |
EEOC v. Sterling Jewelers,
Inc., No. 14-1782 (2d Cir. 2015) The EEOC filed suit against
Sterling under Title VII of the Civil Rights Act of 1964, 42 U.S.C. 2000e et
seq., alleging that Sterling engaged in a nationwide practice of sex‐ based pay and promotion discrimination. The
magistrate judge issued a Report and Recommendation finding after conducting
discovery and found that the EEOC failed to prove that it satisfied its
statutory obligation to conduct a pre‐suit investigation and recommended summary judgment on that basis. The
district court adopted the Report and Recommendation, granting summary
judgment to Sterling. The court concluded, however, that the district court
erred in granting summary judgment because the magistrate judge improperly
reviewed the sufficiency of the EEOC investigation rather than whether there
was an investigation. Under Title VII, courts may review whether the EEOC
conducted an investigation, but not the sufficiency of an investigation.
Because the EEOC conducted an investigation in this case, the court vacated
the summary judgment order and remanded for further proceedings. Jock et al v. Sterling
Jewelers, Inc, No. 1:2008cv02875 - Document 144 (S.D.N.Y. 2015) Court Description: OPINION AND
ORDER re: 135 MOTION to Vacate The Arbitrator's Class Determination Award,
filed by Sterling Jewelers, Inc. The Court is not unmindful of the high
standard for vacating an arbitration award. But deference to arbitr ators is
not without its limits; and the Court declines to hold that a ruling lacking
"barely colorable justification" in black-letter law or common
sense must be upheld purely because it issued from an arbitrator's pen. The
Court ther efore grants Sterling's motion to vacate the Arbitrator's class
determination award to the extent that it permits individuals to opt out of a
class certified for the purposes of seeking classwide injunctive and
declaratory relief. In all other respects, the award is confirmed. The Clerk
of Court is directed to close docket number 136. (As further set forth in
this Order.) (Signed by Judge Jed S. Rakoff on 11/15/2015) (spo) Peddie v. Sterling Jewelers,
Inc., 282 F. Supp. 2d 947 (E.D. Wis. 2003) US District Court for the Eastern
District of Wisconsin - 282 F. Supp. 2d 947 (E.D. Wis. 2003) September 9, 2003 282 F. Supp. 2d 947 (2003) Richelle PEDDIE, Plaintiff, v. STERLING JEWELERS, INC.,
Defendant. No. 02-C-0902. United States District Court,
E.D. Wisconsin. September 9, 2003. *948 Alaw C. Olson, New Berlin,
WI, for Plaintiff. David J. Duddleston,
Minneapolis, MN, for Defendant. Luster v. Sterling Jewelers,
Inc., No. 1:2015cv02854 - Document 30 (N.D. Ga. 2016) Court Description: ORDER AND
OPINION. The stay of this action is LIFTED. Defendant Sterling Jewelers is
permitted to file, on or before July 1, 2016, its Motion for Judgment on the
Pleadings. Plaintiff shall respond to the motion on or before July 20, 2016.
A reply, if any, is required to be filed by Defendant on or before July 29,
2016. Discovery in this action will remain stayed until the Court rules on
Defendant's Motion for Judgment on the Pleadings. Signed by Judge William S.
Duffey, Jr on 6/13/2016. (bgt) Sterling Jewelers, Inc. et al
v. M&G Jewelers, Inc., No. 5:2014cv02030 - Document 15 (N.D. Ohio 2015) Court Description: Memorandum
of Opinion and Order Granting Defendant's 9 Motion to dismiss. The Court
finds that it has no personal jurisdiction over M&G. The complaint is
hereby Dismissed without Prejudice. Judge John R. Adams on 02/09/2015. (M,TL) |
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TRADEMARKS |
STERLING JEWELERS INC. SWEATSHIRTS, T-SHIRTS AND THE
CAPS SOLD THROUGH THE OWNERS RETAIL JEWELRY STORES Owned by: STERLING JEWELERS
INC. Serial Number: 76009105 KAY JEWELERS retail jewelry store services Owned by: STERLING JEWELERS
INC. Serial Number: 75406757 KAY JEWELERS OUTLET Retail jewelry stores Owned by: STERLING JEWELERS
INC. Serial Number: 78814596 KAY JEWELERS OUTLET retail jewelry store services Owned by: STERLING JEWELERS
INC. Serial Number: 76093177 JB ROBINSON retail jewelry store services Owned by: Sterling Jewelers
Inc. Serial Number: 74317414 JB ROBINSON jewelry; namely, rings,
bracelets, watches, necklaces, earrings Owned by: Sterling Jewelers
Inc. Serial Number: 74317416 CHOSEN jewelry Owned by: Sterling Jewelers
Inc. Serial Number: 86982342 CHOSEN BY JARED jewelry Owned by: Sterling Jewelers
Inc. Serial Number: 86982343 COLORS IN RHYTHM Jewelry Owned by: Sterling Jewelers
Inc. Serial Number: 86316998 THE BEGINNING OF FOREVER Jewelry Owned by: Sterling Jewelers
Inc. Serial Number: 85292889 EVERY KISS BEGINS WITH KAY RETAIL JEWELRY STORE SERVICES Owned by: STERLING JEWELERS
INC. Serial Number: 76152846 KARAT GOLD RETAIL JEWELRY STORE SERVICES Owned by: STERLING JEWELERS
INC. Serial Number: 76091328 JARED retail jewelry store services Owned by: STERLING JEWELERS
INC. Serial Number: 76624070 IT CAN ONLY BE JARED Retail jewelry store services Owned by: STERLING JEWELERS
INC. Serial Number: 77747743 FIND WHAT YOU FEEL Retail jewelry stores Owned by: STERLING JEWELERS
INC. Serial Number: 77084402 EVERY LOOK...EVERY
TOUCH...EVERY KISS BEGINS WITH KAY RETAIL JEWELRY STORE SERVICES Owned by: STERLING JEWELERS
INC. Serial Number: 76152848 CAPELLA JEWELRY Owned by: STERLING JEWELERS
INC. Serial Number: 76461684 JARED jewelry Owned by: STERLING JEWELERS
INC. Serial Number: 76650767 PEACE, LOVE AND AN OPEN HEART Jewelry Owned by: STERLING JEWELERS
INC. Serial Number: 77841839 ROR jewelry; namely, rings Owned by: STERLING JEWELERS
INC. Serial Number: 74492776 |
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FILLINGS |
Filing Type
Date of Filing DOMESTIC ARTICLES/FOR PROFIT 03/01/1955 CANCELLED BY SECRETARY OF STATE 04/12/1983 DOMESTIC/REINSTATEMENT
01/07/1986 DOMESTIC AGENT SUBSEQUENT APPOINTMENT 01/07/1986 DOMESTIC CONTINUED EXISTENCE LETTER
09/09/1993 AGENT NAME/ADDRESS TAX UPDATE 01/08/1999 AGENT NAME/ADDRESS TAX UPDATE
02/01/1999 AGENT NAME/ADDRESS TAX UPDATE
04/07/1999 |
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UCC |
Number: OH00173174146 Debtor: STERLING JEWELERS Secured Party: NOBLE SYSTEMS
CORPORATION Filling Type: Original File Date: 01/15/2014 Lapse Date: 01/15/2019 Number: OH00133223820 Debtor: STERLING, INC. Secured Party: STERLING
JEWELERS, INC. Secured Party: CONTINENTAL
JEWELRY (USA) INC. Filling Type: Original File Date: 03/09/2009 Lapse Date: 03/09/2019 Number: OH00169276560 Debtor: STERLING JEWELERS, INC. Secured Party: STERLING
JEWELERS LLC Secured Party: BEAUTY GEM, INC. Filling Type: Original File Date: 08/01/2013 Lapse Date: 08/01/2018 Number: OH00126065885 Debtor: STERLING JEWELERS, INC Secured Party: RICHLINE GROUP,
INC. Filling Type: Original File Date: 04/25/2008 Lapse Date: 04/25/2018 Number: OH00175709214 Debtor: STERLING JEWELERS Secured Party: KIRAN JEWELS,
INC. Filling Type: Original File Date: 04/28/2014 Lapse Date: 04/28/2019 Number: OH00175332568 Debtor: STERLING JEWELERS INC Secured Party: PATRICK WOODS Filling Type: Original File Date: 04/14/2014 Lapse Date: 04/14/2019 Number: OH00182955991 Debtor: STERLING JEWELERS LLC Secured Party: S.D.C. DESIGNS,
LLC Secured Party: ISRAEL DISCOUNT
BANK OF NEW YORK Filling Type: Original File Date: 02/10/2015 Lapse Date: 02/10/2020 Number: OH00174446285 Debtor: STERLING JEWELERS, INC. Secured Party: XEROX FINANCIAL
SERVICES Filling Type: Original File Date: 03/12/2014 Lapse Date: 03/12/2019 Number: OH00180577088 Debtor: STERLING JEWELERS INC Secured Party: STERLING INC Secured Party: STERLING
JEWELERS LLC Secured Party: GR PRECIOUS
COLOR INC. Filling Type: Original File Date: 10/29/2014 Lapse Date: 10/29/2019 Number: OH00190133292 Debtor: STERLING JEWELERS INC. Secured Party: STERLING INC. Secured Party: STERLING OF OHIO
INC. Secured Party: STERLING
JEWELERS LLC Secured Party: INDIGO JEWELRY,
INC. Filling Type: Original File Date: 10/21/2015 Lapse Date: 10/21/2020 |
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OFAC Sanctions List Search |
The company is not listed
in the OFAC list. |
SUMMARY
|
|
|
|
Founded in 1910, Sterling
Jewelers, Inc. is a large-sized organization in the jewelry stores industry
located in Fairlawn, OH. The company has
9,900 employees and generates an estimated USD 1,278.036 billion in annual revenue. Sterling Jewelers
Inc. operates as a subsidiary of Signet Us Holdings, Inc. (USA). Global Headquarter:
Signet Jewelers Limited (Bermuda). The company imports
from India and exports to Canada and UK, operating within national and
international markets. This has been an ACTIVE
company incorporated in OHIO in 1955. |
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RISK
INFORMATION
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|
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH
FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW |
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NAME |
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POSITION |
Operator |
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COMMENTS |
She confirmed name, address,
telephone, fax, website, activity and operations area. She confirmed that the company
has many stores in the USA. She confirmed major holders. She said she was not allowed to
provide financial information and staff number. She transferred the call to a
superior but the person contacted refused to provide further information. |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
|
US Dollar |
1 |
INR 65.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.