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MIRA INFORM REPORT
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Report No. : |
484875 |
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Report Date : |
09.01.2018 |
IDENTIFICATION DETAILS
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Name : |
FLEXCON COMPANY, INC. |
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Registered Office : |
Flexcon Industrial Park, Spencer,
MA 01562 USA |
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Country : |
United States |
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Date of Incorporation : |
1956 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject designs, manufactures, and sells coated and laminated
pressure-sensitive films, and adhesives for labeling, mounting, and promotional
graphics applications. |
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No. of Employees : |
1300 |
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 : |
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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 $57,300. 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 nearly 55% 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, making
this 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 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 2014, the direct costs of the wars totaled
more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection
and Affordable Care Act, 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 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%. In
late 2013, the Fed announced that it would begin scaling back long-term bond
purchases to $75 billion per month in January 2014 and further reduce them as
conditions warranted; the Fed ended the purchases during the summer of 2014. In
2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by
mid-2015, the lowest rate of joblessness since before the global recession
began; inflation stood at 1.7%, and public debt as a share of GDP continued to
decline, following several years of increases. 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 US GDP growth below 2%, the Fed has opted to
raise rates three times since then, and in mid-June 2017, the range for the
target rate stood at 1% to 1.25%.
|
Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
FLEXCON COMPANY, INC. |
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Trade Names: |
FLEXCON COMPANY, INC. |
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ID: |
042266945 |
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Date Created: |
1956 |
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Date Incorporated: |
04-05-1960 |
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Legal Address: |
Flexcon Industrial Park, Spencer,
MA 01562 USA |
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Operative Address: |
1 FLEXcon Industrial Park Spencer, MA 01562-2642 United States |
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Telephone: |
508-885-8200 |
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Fax: |
508-885-8400 |
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Legal Form: |
Corporation |
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Email: |
- |
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Registered in: |
MASSACHUSETTS |
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Website: |
www.flexcon.com |
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Contact: |
Mr. Neil McDonough - Chief Executive Officer |
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Staff: |
1300 |
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Activity: |
NAICS 1: Unlaminated Plastics Film and Sheet (except Packaging)
Manufacturing NAICS 2: Adhesive Manufacturing SIC 1: Plastics Film And Sheet SIC 2: Adhesives |
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Banks: |
BANK OF AMERICA TD BANK, N.A. DE LAGE LANDEN FINANCIAL SERVICES, INC. AGFA CORPORATION |
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History: |
FLEXcon Company, Inc. was founded in 1956 and is based in Spencer, Massachusetts
with manufacturing and distribution facilities in North America and Europe. |
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Key Developments: |
FLEXcon Announces Seven Year Outdoor Durable Fluoropolymer Film
Overlaminate Sep 19 17 FLEXcon announced the availability of FLEXcon® DURApro™ OF 120 Clear
L-10 42 White PP-8 (1.1-1.2) overlaminate for applications such as durable
goods, healthcare, industrial equipment and transportation. The product is
UL/cUL recognized under UL 969 – UL File No. PGGU2.MH10170 Marking and
Labeling System Materials – Component. The product provides UV blocking (up
to seven years), anti-graffiti and chemical resistance, as well as protection
from moisture, abrasion and dirt. DURApro OF 120 Clear is a 1.2 mil clear
fluoropolymer (PVDF) film coated with a versatile, permanent clear acrylic
adhesive and backed with a 42 lb. one-side poly coated white Kraft release
liner. Besides being up to seven years UV resistant, it can withstand
temperatures up to 152oF (66.7oC), and can be topcoated for use in printable
applications. It is also available in Quick-Ship for fast delivery. FLEXcon Company, Inc. Announces Collaboration with Topflight
Corporation to Manufacture Specialty Film Label for Celebrity Makeup Line Sep 12 17 FLEXcon Company, Inc. announced a collaboration with Topflight
Corporation to manufacture a specialty film label for a celebrity makeup
line. The companies worked together to develop a specialty film decal to add
glamour to an otherwise ordinary compact for the collection. FLEXcon and
Topflight partnered to design, develop and manufacture a unique label that
scaled seamlessly from prototype to high-volume production. The result was a
high-end sophisticated look for a cosmetic compact that complimented the overall
essence of the brand itself. Having product labels match the identity of the
brand is critical for companies looking to market their products with one
unified message. FLEXcon Announces Two New Highly-Conformable Cast Vinyl Products for
Heavy Equipment Labeling and Permanent Outdoor Signage Applications Jul 18 17 FLEXcon announced the availability of FLEXcon® DPM® Cast White Opaque
Sheet (CWOS) and Cast White Sheet (CWS) for heavy equipment labeling,
permanent outdoor signage applications, and more. These 2.0 mil
highly-conformable cast vinyls are coated with a high-performance, aggressive
permanent adhesive (V-344). This industry-proven and recognized adhesive
provides a permanent bond to plastics and metals, as well as moderately rough
surfaces. The 90 lb. moisture stable release liner facilitates efficient
converting and handling. The DPM® cast vinyls, CWOS and CWS, complement
FLEXcon’s extensive line of DPM® polyesters, calendared vinyls,
overlaminates, as well as products for adhering to low-surface energy
plastics, and bubble-free durable applications. Both CWOS and CWS adhere to
flat, curved, and riveted surfaces, and are resistant to shrinkage and
outdoor elements. DPM® CWOS features a “gray coating” on the backside of the
film which provides 100% opacity for graphics and ensures application surface
color does not bleed through. Products are printable via UV and solvent
screen, and are available in Quick-Ship for fast delivery. |
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PRINCIPAL
ACTIVITY
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FLEXcon Company, Inc. designs, manufactures, and sells coated and
laminated pressure-sensitive films, and adhesives for labeling, mounting, and
promotional graphics applications. |
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Products/Services description: |
The company offers double coated, fabric, flocked, fluorescent,
glitter, holographic, laminating adhesive, over laminate, phosphorescent,
polyester, polyethylene, polyimide, polyolefin, polypropylene,
retroreflective, specialty, and vinyl films; and one side
permanent/removable, application specific, high/low-tack removable, over
laminating, permanent, removable, and repositionable adhesives. It offers its
products for various markets, such as aerospace, automotive, banner graphics,
beverage, billboards, carpet graphics, consumer electronics, counter and
display graphics, dry erase board, durable goods, cooler and floor graphics,
food, general and interior signage, health and beauty, heavy equipment,
household chemicals, industrial equipment, medical device, menu boards,
outdoor signage, over laminate, petrol/chemical drum, pharmaceutical, rail,
shelf graphics and marking, sticker and decal, transit advertising, vehicle
wraps, vending and wall graphics, warehouse, and window graphics. The company
serves customers through a direct sales force, as well as an inside customer
service, and technical service representatives. |
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Brands: |
FLEXCON |
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Sales are: |
Wholesale |
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Clients: |
Yoquierouno.Emeequis, S.A. De C.V. Maillard Sa De Cv Maquiladora Grafica Mexicana Sa De Cv Standard Register De Mexico S De Rl De Cv Autoediciones del Potosí, S.A. de C.V. Reprinter, Representaciones Internacionales S.A.
Empresa Multinacional Andina Proplas S.A. Alpapel Ltda |
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Suppliers: |
Flexcon B.V. Flexcon Europe Ltd. |
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Operations area: |
National and International |
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The company imports from |
NETHERLANDS UNITED KINGDOM |
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The company exports to |
MEXICO ECUADOR COLOMBIA |
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The subject employs |
1300 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
1 FLEXcon Industrial Park Spencer, MA 01562-2642 United States |
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Comments on Address: |
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Branches: |
The company has several branches. Some of them are: FLEXcon Company, Inc. 12840 Reservoir Street Chino, CA 91710, USA FLEXcon Company, Inc. 1305 South Fountain Drive Olathe, KS 66061 USA FLEXcon Company, Inc. 1212 Baltimore Pike - Suite 260 P.O. Box 156 Chadds Ford, PA 19317 USA FLEXcon Company, Inc. 2021 E. 23rd Street Columbus, NE 68601 USA |
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Related Companies: |
FLEXcon Canada Limited 1020 Lorimar Drive Mississauga, Ontario L5S 1R8 Canada FLEXcon Europe Limited Whitworth Road Southfield Industrial Estate Glenrothes, Fife KY6 2TF Scotland – UK FLEXcon Asia Limited G/F Sun King Industrial Building 1-7 Shing Chuen Road Tai Wai, NT Hong Kong, SAR FLEXcon India Private Limited The Executive Centre Level 2, Kalpataru Synergy Santacruz (East) Mumbai 400055 India |
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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. The major holder is: Neil McDonough |
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Management: |
Mr. Neil McDonough - Chief Executive Officer Mr. Lavon Winkler – President Mike Engel – Chief Operating Officer Michael Kelliher - Executive VP Sales & Marketing Gerrit-Jan Hülsenbeck - Sales and Marketing Director of Europe Howard Letendre - Director of Finishing Technology Don Ryel - Vice President of Global Sourcing |
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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 2016 |
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Revenue |
129 000 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Systems and methods for providing decorative drum shell wraps Patent number: 9672798 Abstract: A drum shell wrap is disclosed that includes at least two
layers of an acrylic film and a plurality of layers of polyethylene
terephthalate (PET). Type: Grant Filed: November 29, 2013 Date of Patent: June 6, 2017 Assignee: FLEXcon Company, Inc. Inventors: Peter Codner, Ronald Ducharme, Kenneth Koldan METHODS OF DETECTING SIGNALS FROM SUBJECTS USING HYDRO-INSENSITIVE
ALTERNATING CURRENT RESPONSIVE COMPOSITES Publication number: 20080221424 Abstract: An alternating current responsive composite is disclosed.
The composite includes a polymeric material and a polar material that is
substantially dispersed within the polymeric material. The polar material is
responsive to the presence of an alternating current. Type: Application Filed: May 20, 2008 Publication date: September 11, 2008 Applicant: FLEXCON COMPANY, INC. Inventors: Daniel P. Segall, Iris E. Hilton, Melissa E. Szymanski,
John R. Pennace Hydro-insensitive alternating current responsive composites Patent number: 7651638 Abstract: An alternating current responsive composite is disclosed.
The composite includes a polymeric material and a polar material that is
substantially dispersed within the polymeric material. The polar material is
responsive to the presence of an alternating current. Type: Grant Filed: April 10, 2003 Date of Patent: January 26, 2010 Assignee: FLEXcon Company, Inc. Inventors: Daniel P. Segall, Iris E. Hilton, Melissa E. Szymanski,
John R. Pennace |
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GOVERNMENT CONTRACTS |
Government Contractor: FLEXCON COMPANY, INC. Name & Address: 1 FLEXCON INDUSTRIAL PARK SPENCER, MA 01562-0000 Number of Defense Contracts Awarded :
2 Dollar Amount of Defense Contracts Awarded: $40,278 |
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CASES |
Clear Focus Imaging Inc et al v. FLEXcon Company Plaintiff: Stephen G Nelson and Clear Focus Imaging Inc Defendant: FLEXcon Company Inc Counter Defendant: Stephen G Nelson and Clear Focus Imaging Inc Counter Claimant: FLEXcon Company Inc Case Number: 5:2012cv01372 Filed: August 16, 2012 Court: California Central District Court Presiding Judge: John A Kronstadt Referring Judge: Oswald Parada Nature of Suit: Patent FLEXcon Company, Inc v. Ferraz Fuse Corporation et al Plaintiff: FLEXcon Company, Inc Defendant: Ferraz Fuse Corporation, Ferraz Shawmut LLC and Ferraz
Shawmut Inc. Case Number: 4:2009cv40141 Filed: August 14, 2009 Court: Massachusetts District Court Office: Worcester Office County: Worcester Presiding Judge: F. Dennis Saylor Nature of Suit: Plaintiff Cause of Action: 35:271 Patent Infringement Jury Demanded By: Plaintiff |
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TRADEMARKS |
FIREMAN'S FUND AMERICAN INSURANCE COMPANIES WRITING OF ALL FORMS OF INSURANCE EXCEPT TITLE AND MORTGAGE INSURANCE Owned by: FIREMAN'S FUND INSURANCE COMPANY Serial Number: 72193649 SUPERCOVER WRITING OF ALL FORMS OF INSURANCE EXCEPT LIFE, TITLE AND MORTGAGE
INSURANCE Owned by: FIREMAN'S FUND INSURANCE COMPANY Serial Number: 72193650 F WRITING OF ALL FORMS OF INSURANCE EXCEPT TITLE AND MORTGAGE INSURANCE Owned by: FIREMAN'S FUND INSURANCE COMPANY Serial Number: 72193651 F UNDERWRITING INSURANCE Owned by: FIREMAN'S FUND INSURANCE COMPANY Serial Number: 72254381 PORTFOLIO POLICY UNDERWRITING INSURANCE POLICIES Owned by: FIREMAN'S FUND INSURANCE COMPANY Serial Number: 72258374 |
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RENEWAL HISTORY |
Name of filing Year filed Date
filed Filing No. Annual Report 2017 12/01/2017 04:00
PM 201766638230 Annual Report 2016 12/16/2016 04:00
PM 201607738730 Annual Report 2015 12/07/2015 04:00
PM 201553961480 Annual Report 2014 11/20/2014 04:00
PM 201403354800 Annual Report 2013 11/25/2013 04:00
PM 201357331380 Annual Report 2012 12/05/2012 04:00
PM 201210338280 Statement of Change of Supplemental
Information 10/18/2012 10:19 AM 201205537050 |
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UCC |
UCC-1 Standard UCC Filing Number: Filing Date: 201737782490 6/19/2017 3:23:00 PM Files: 201737782490_1 Action: InitialFiling Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 S SPENCER RD SPENCER MA 01562 Secured Parties DE LAGE LANDEN FINANCIAL SERVICES, INC. 1111 OLD EAGLE SCHOOL ROAD WAYNE PA 19087 UCC-3 AMENDMENT UCC Filing Number: Filing Date: 201739915210 9/22/2017 3:34:00 PM Files: 201739915210_1 Action: CollateralAdd Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 S SPENCER RD SPENCER MA 01562 Secured Parties DE LAGE LANDEN FINANCIAL SERVICES, INC. 1111 OLD EAGLE SCHOOL ROAD WAYNE PA 19087 UCC-1 Standard UCC Filing Number: Filing Date: 201737782490 6/19/2017 3:23:00 PM Files: 201737782490_1 Action: InitialFiling Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 S SPENCER RD SPENCER MA 01562 Secured Parties DE LAGE LANDEN FINANCIAL SERVICES, INC. 1111 OLD EAGLE SCHOOL ROAD WAYNE PA 19087 UCC-3 AMENDMENT UCC Filing Number: Filing Date: 201739915210 9/22/2017 3:34:00 PM Files: 201739915210_1 Action: CollateralAdd Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 S SPENCER RD SPENCER MA 01562 Secured Parties DE LAGE LANDEN FINANCIAL SERVICES, INC. 1111 OLD EAGLE SCHOOL ROAD WAYNE PA 19087 UCC-1 Standard UCC Filing Number: Filing Date: 201294027870 2/24/2012 1:54:00 PM Files: 201294027870_1 Action: InitialFiling Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 FLEXCON INDUSTRIAL PARK SPENCER MA 01562 Secured Parties AGFA CORPORATION 611 RIVER DRIVE, CENTER #3 ELMWOOD PARK NJ 07407 UCC-3 TERMINATION UCC Filing Number: Filing Date: 201296648000 6/19/2012 1:30:00 PM Files: 201296648000_1 Action: TerminationSecuredParty UCC-3 TERMINATION UCC Filing Number: Filing Date: 201296648000 6/19/2012 1:30:00 PM Files: 201296648000_1 Action: TerminationSecuredParty Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 FLEXCON INDUSTRIAL PARK SPENCER MA 01562 Secured Parties AGFA CORPORATION 611 RIVER DRIVE, CENTER #3 ELMWOOD PARK NJ 07407 UCC-1 Standard UCC Filing Number: Filing Date: 201294027870 2/24/2012 1:54:00 PM Files: 201294027870_1 Action: InitialFiling Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 FLEXCON INDUSTRIAL PARK SPENCER MA 01562 Secured Parties AGFA CORPORATION 611 RIVER DRIVE, CENTER #3 ELMWOOD PARK NJ 07407 UCC-3 TERMINATION UCC Filing Number: Filing Date: 201296648000 6/19/2012 1:30:00 PM Files: 201296648000_1 Action: TerminationSecuredParty Request Certified Copy Debtor(s) FLEXCON COMPANY, INC. 1 FLEXCON INDUSTRIAL PARK SPENCER MA 01562 Secured Parties AGFA CORPORATION 611 RIVER DRIVE, CENTER #3 ELMWOOD PARK NJ 07407 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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|
Founded in 1956, Flexcon Company, Inc. is a large-sized organization
in the unsupported plastics film and sheet company’s industry located in
Spencer, MA. It has 1,300 full time employees and generates an estimated $129
million in annual revenue. The company operates nationally and internationally, mainly importing
from United Kingdom and the Netherlands. It is ACTIVE in business with no
negative. |
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RISK
INFORMATION
|
|
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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 |
Dan |
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POSITION |
Sales |
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COMMENTS |
He confirmed the name of the company, the address of the headquarters and
location, the date of creation of the company, the number of employees and
the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.35 |
|
|
1 |
INR 85.89 |
|
Euro |
1 |
INR 76.15 |
|
US Dollar |
1 |
INR 63.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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.