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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

485652

Report Date :

11.01.2018

 

IDENTIFICATION DETAILS

 

Name :

AMERICA'S COLLECTIBLES NETWORK, INC.

 

 

Registered Office :

9600 Parkside DR, Knoxville, TN 37922-2201 USA

 

 

Country :

United States

 

 

Date of Incorporation :

14.09.1993

 

 

Legal Form :

For-Profit Corporation - Domestic

 

 

Line of Business :

Subject doing business as Jewelry Television, retails jewelry and gemstones online in the United States.

 

 

No. of Employees :

1100

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

United States

A1

A1

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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

 

Order:

JEWELRY TELEVISION

 

JEWELRY TELEVISION is a Brand of AMERICA'S COLLECTIBLES NETWORK, INC.

 

Legal Name:

AMERICA'S COLLECTIBLES NETWORK, INC.

Trade Name:

ACNTV

JEWELRY TELEVISION

JEWELRY TELEVISION BY ACN

ID­­­:

000270163

Date Created:

1993

Date Incorporated:

09/14/1993

Legal Address:

9600 Parkside DR

Knoxville, TN 37922-2201 USA

Operative Address:

9600 Parkside DR

Knoxville, TN 37922-2201 USA

Telephone:

(865) 692-6000

Fax:

(865) 692-1346

Legal Form:

For-profit Corporation - Domestic

Email:

NA

Registered in:

TENNESSEE

Website:

www.jtv.com

Contact:

Timothy B. Matthews

Staff:

1100

Activity:

NAICS 1: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

SIC 1: Jewelry And Precious Stones  

 

Banks:

 

JPMORGAN CHASE BANK, N.A.

 

 

History

 

 

Jewelry Television was founded as "America's Collectibles Network" (ACN) in 1993 by Jerry Sisk, Jr., Bob Hall, and Bill Kouns.

The fledgling network began broadcasting from a studio in Greeneville, Tennessee, with just one television camera. ACN initially sold gemstones, jewelry and collectible coins. Sisk, Hall and Kouns later moved the network to a larger headquarters and television studio in Knoxville.

 

In 2002, the company relaunched as Jewelry Television and has since focused on selling gemstones, jewelry and jewelry-making kits.

 

In 2006, Jewelry Television bought competitor Shop at Home and its assets from Scripps. On June 21, 2006, Jewelry Television replaced Shop at Home on Shop at Home-affiliated stations owned by Scripps.

 

Jewelry Television has approximately 1,200 employees, as of January 2013.

 

As of June 2010, America's Collectibles Network, Inc. operates as a subsidiary of Multimedia Commerce Group, Inc.

America's Collectibles Network, Inc. Key Developments

Jewelry Television Announces Promotion of Patsy Harris to Vice President of Affiliate Operations

Nov 15 17

 

Jewelry Television announced the promotion of Patsy Harris to Vice President of Affiliate Operations. A long-term employee of JTV, Harris joined the JTV team in 1999, only six years after the company's inception. Including her 18 years of service at JTV, she has more than 35 years of experience in the telecommunications industry. As vice president of affiliate operations, Harris will oversee the complex details of managing airtime agreements as the company continues to expand in new markets.

 

Jewelry Television Announces Sales Results for the Third Quarter Ended September 2017

Nov 8 17

 

Jewelry Television announced sales results for the third quarter ended September 2017. The company announced 8.6% sales growth in the third quarter of 2017 (July – September 2017) versus the same period last year, and 20.1% growth as compared to third quarter of 2015 (two-year sales comps), continuing to deliver growth through its omni-digital sales strategy.

 

 

PRINCIPAL ACTIVITY

 

 

America's Collectibles Network, Inc., doing business as Jewelry Television, retails jewelry and gemstones online in the United States.

Products/Services description:

JEWELRY

Rings

Earrings

Bracelets

Necklaces

Watches

Jewelry Sets

Jewelry Accessories

SaleMen's Jewelry

Children's Jewelry

All Jewelry

Amethyst Jewelry

Chrome Diopside Jewelry

Diamond Jewelry

Moissanite Fire Jewelry

Morganite Jewelry

Opal Jewelry

Pearl Jewelry

Spinel Jewelry

Quartz Jewelry

Tanzanite Jewelry

Topaz Jewelry

 

GEMSTONES

Loose Gemstones

Gemstone Kits

Sets and Parcels

Matched Pairs

Mineral Specimens

Settings

Gemology Tools

Gemstone Education

New Gemstones

Gemstone Sale

Amethyst

Apatite

Aquamarine

Citrine

Chrome Diopside

Demantoid

Emerald

Fluorite

Garnet

Kunzite

Moissanite

 

JEWEL SCHOOL

Beads

Jewelry Making Kits

Jewelry Making Tools

Findings & Accessories

Storage & Organization

Jewel School Outlet

Project Kits

EDUCATION & RESOURCES

Books and DVDs

Free Jewel School Projects

Jewel School Blog

Jewel School Glossary

Watch Project Videos

EXPERTS

Dale Armstrong

Wyatt White

Patti Bullard

Jackie Truty

Brands:

Art Clay™

Beadalon®

JOOLTOOL™

JTV DROP AUCTIONS™

 

Gem Vue

Gem-A

Gemgroove

Gemoro

Gemsavvy

Gemtite

Geneva

Genusis Pearls

Glacier Topaz

 

Mahaleo Ruby

Mahaleo Sapphire

Manchurian Peridot

Marvel

Mele & Company

Michael Kors

Michael O'Connor For Bella Luce

Moda Al Massimo

Moda Di Pietra

Moissanite Fire

Molly Glitz

Monture Diamond

Mpito Garnet

 

NFL

 

Ocean Tanzanite

Off Park Collection

Oniss

Ottlite

 

Pacific Style

Parawire

Park Avenue Diamonds

Presidents Collection

Presidium Instruments

Prima Rosa Zircon

 

Red Balloon

Remy Rotenier For Bella Luce

Royal Kalahandi Iolite

 

Silversmithing

Soft Flex

Southwest Style By Jtv

Splendido Oro

Star Trek

Star Wars

Sunglo Yellow Diamonds

Sunset Red Diamonds

Sunshimmer Feldspar

 

Tanjaka Aquamarine

Tazma Ethiopian Opal

Tehya Oyama Turquoise

The Vault by JTV

Timna Jewelry Collection

Titanic Jewelry Collection

Tucson Treasures

Tuxblack Diamonds

Tycoon For Bella Luce

 

Vanna K For Bella Luce

Vermelho Garnet

 

Wrist Armor

Wubbers

 

Zandrite

Zultanite

Sales are:

Wholesale

Clients:

Companies, general clients

Suppliers:

Pearlz Ocean

Hong Kong

Operations area:

National

The company imports from

Hong Kong

The company exports to

No export

The subject employs

1100 employees

Payments:

Slow but correct

 

LOCATION

 

Headquarters :

Headquarters

Jewelry Television®

9600 Parkside Drive

Knoxville, TN 37922

Phone: 865-692-6000

Fax: 865-692-1346

Size/Value

9600 Parkside Dr

This business is located at 9600 Parkside Dr, a commercial address in Knoxville, TN.

Estimated Value

 

The business park has an estimated value of $3.8 million USD, which places it among the most valuable 10% of business parks in the area.

 

Property Size

 

With 13,888 square feet of space, this building is much larger than most of the business parks in our database. The average business park has 3,520 square feet.

Branches:

Accountings:

10001 Kingston Pike, Suite 57, Knoxville,

TN 37922, USA

 

GemStore

9933 Kingston Pike

Knoxville, TN 37922

 

190 Hayfield Rd

Knoxville, Tennessee

 

1644 Middlesettlements Rd

Maryville, Tennessee

 

323 Shadowfax Rd

Knoxville, Tennessee

37934-3936

 

99 Pine Hill Rd Ste 636

Nashua, New Hampshire

 

13 Brookside Dr

Oak Ridge, Tennessee

Related Companies:

Shop At Home Network, LLC

14101 Southcross Drive West

Burnsville, MN 55337

United States

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

America's Collectibles Network, Inc. operates as a subsidiary of:

 

Multimedia Commerce Group, Inc.

190 Hayfield Drive

Knoxville, TN 37922

United States

Management:

Mr. Timothy B. Matthews

Chief Executive Officer and President

Mr. F. Robert Hall M.B.A.,CPA

Co-Founder and Chairman of Multimedia Commerce Group, Inc

Mr. Crawford Wagner

Chief Financial Officer

Mr. Stephen E. Roth

Vice President and General Counsel

Dr. William C. Kouns Ph.d.

Chief Merchandising Officer

 

FINANCIAL INFORMATION

 

The company does not make its financial statements public. The following information has been provided by private sources:

 

 

USD 2016

 

Revenue

1.9 Billion

Cash Flow

Normal

 

 

JTV reported sales results for the fourth quarter and full year of 2017. In the fourth quarter, the company posted sales growth of 5.1% year-over-year while its closest home-shopping peers saw revenues fall around 4% from the same quarter a year previously. For the 12 months ending June 30, the company reported revenue was up 7.6% from the year before.    

 

 

LEGAL FILINGS

 

 

 

CASES

America's Collectibles Network, Inc. v. Sterling Commerce (America), Inc

Plaintiff: America's Collectibles Network, Inc.

Defendant: Sterling Commerce (America), Inc

Case Number: 3:2009cv00143

Filed: April 3, 2009

Court: Tennessee Eastern District Court

Office: Fraud or Truth-In-Lending Office

County: Knox

Referring Judge: H Bruce Guyton

Presiding Judge: R Leon Jordan

Nature of Suit: Plaintiff

Cause of Action: Diversity

Jury Demanded By: 28:1332 Diversity-Fraud

 

Scorpiniti v. America's Collectibles Network, Inc.

Case Number: 4:2006cv00415

Filed: August 30, 2006

Court: Iowa Southern District Court

Office: Central Office

Referring Judge: Celeste F. Bremer

Presiding Judge: James E. Gritzner

Nature of Suit: Trademark

Cause of Action: 15:1114 Trademark Infringement

Jury Demanded By: Plaintiff

 

America's Collectibles Network, Inc. et al v. Timlly (HK) et al

 

Plaintiff: America's Collectibles Network, Inc. and BBJ Bangkok, Ltd.

Defendant: Timlly (HK), Timlly BBK Co, Ltd., Sunil Ratwani and Sanjay Punjabi

Case Number: 3:2010cv00086

Filed: March 8, 2010

Court: Tennessee Eastern District Court

Office: Knoxville Office

County: Knox

Referring Judge: H Bruce Guyton

Presiding Judge: Thomas W Phillips

Nature of Suit: Contract Product Liability

Cause of Action: 28:1441 Petition for Removal- Product Liability

Jury Demanded By: None

 

America's Collectibles Network, Inc. v. Chase Paymentech Solutions, LLC et al

Plaintiff: America's Collectibles Network, Inc.

Defendant: Chase Paymentech Solutions, LLC and JP Morgan Chase Bank, N.A.

Case Number: 3:2007cv00278

Filed: July 20, 2007

Court: Tennessee Eastern District Court

Office: Knoxville Office

County: Knox

Referring Judge: C Clifford Shirley

Presiding Judge: Thomas A Varlan

Nature of Suit: Contract: Other

Cause of Action: 28:1332 Diversity-Other Contract

Jury Demanded By: Plaintiff

 

 

TRADEMARKS

JEWELRYTV.COM

[ jewelry, watches, precious stones and clocks ]

Owned by: AMERICA'S COLLECTIBLES NETWORK, INC.

Serial Number: 75604449

 

JTV

television broadcasting services

Owned by: AMERICA'S COLLECTIBLES NETWORK, INC.

Serial Number: 76087871

 

ZANDRITE

SEMI-PRECIOUS GEMSTONES THAT CHANGE COLOR

Owned by: AMERICA'S COLLECTIBLES NETWORK, INC.

Serial Number: 76246185

 

MANDARIN ICE

synthetic garnets having an orange tinge

Owned by: AMERICA'S COLLECTIBLES NETWORK, INC.

Serial Number: 76641945

 

 

RENEWAL HISTORY

Assumed Name Renewal           03/09/2017       

2016 Annual Report Due 10/01/2016       07/29/2016       

Amended and Restated Formation Documents   09/01/2015       

2015 Annual Report Due 10/01/2015       07/29/2015       

2014 Annual Report Due 10/01/2014       07/22/2014       

Assumed Name Renewal           02/21/2014        7289-0458        

Assumed Name Renewal           02/21/2014        7289-0456        

2013 Annual Report Due 10/01/2013       08/19/2013         

2012 Annual Report Due 10/01/2012       09/17/2012       

Articles of Amendment  05/04/2012       

Assumed Name Renewal           04/16/2012       

Mailing Address Update            09/28/2011                   

2011 Annual Report Due 10/01/2011       07/11/2011                   

2010 Annual Report Due 10/01/2010       10/04/2010       

2009 Annual Report Due 10/01/2009       10/02/2009       

Assumed Name Renewal           02/10/2009        6443-0969        

Assumed Name Renewal           02/10/2009        6443-0968        

2008 Annual Report Due 10/01/2008       09/02/2008       

2007 Annual Report Due 10/01/2007       09/26/2007       

Assumed Name Renewal           05/18/2007        6059-1624        

Merger  02/28/2007       

Articles of Amendment  02/28/2007       

2006 Annual Report Due 10/01/2006       09/20/2006                   

2005 Annual Report Due 10/01/2005       09/08/2005                   

2004 Annual Report Due 10/01/2004       09/10/2004                   

Articles of Amendment  05/28/2004                   

Assumed Name 04/07/2004       

Assumed Name 04/07/2004                   

2003 Annual Report Due 10/01/2003       09/25/2003                   

2002 Annual Report Due 10/01/2002       07/08/2002                   

Assumed Name Renewal           05/23/2002        4512-0428        

2001 Annual Report Due 10/01/2001       07/25/2001                   

2000 Annual Report Due 10/01/2000       10/05/2000                   

Administrative Amendment        05/21/1999       

CMS Annual Report Update       05/20/1999       

Notice of Determination 04/16/1999       

Amended and Restated Formation Documents  

Assumed Name 06/18/1997        3353-1553        

Assumed Name 06/13/1997        3351-0711        

CMS Annual Report Update       01/22/1997       

Application for Reinstatement    02/23/1996                   

Revocation Cleared by Revenue 02/23/1996

Dissolution/Revocation - Revenue          01/24/1996       

CMS Annual Report Update       02/08/1995       

Articles of Amendment  04/28/1994       

Initial Filing        09/14/1993

 

 

UCC

UCC Document #: 427655166    

UCC Financing Statement         

File Date:

10/13/2017 10:21 AM

Lapse Date:

10/13/2022 11:59 PM

Debtors                       Secured Parties

AMERICA'S COLLECTIBLES NETWORK, INC.

9600 PARKSIDE DR

KNOXVILLE, TN 37922

 CPI LUXURY GROUP

10220 NORRIS AVE

PACOIMA, CA 91311

Related UCC Documents:

Filing Date       

UCC Document #         

10/13/2017 10:21 AM     427655166       

 

UCC Financing Statement

File Date:

05/23/2017 9:54 AM

Lapse Date:

05/23/2022 11:59 PM

Debtors  

AMERICA'S COLLECTIBLES NETWORK, INC.

900 PARKSIDE DRIVE

KNOXVILLE, TN 37922

 Secured Parties

JPMORGAN CHASE BANK, N.A.

1111 POLARIS PARKWAY SUITE A-3

COLUMBUS, OH 43240

Related UCC Documents:

05/23/2017 9:54 AM 426891440 UCC Financing Statement

 

UCC Financing Statement

File Date:

03/01/2017 2:47 PM

Lapse Date:

03/01/2022 11:59 PM

Debtors  

AMERICA'S COLLECTIBLES NETWORK, INC.

9600 PARKSIDE DRIVE

KNOXVILLE, TN 37922-2201

 Secured Parties

JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT

1600 DIVISION STREET

SUITE 620

NASHVILLE, TN 37203-2770

Related UCC Documents:

03/01/2017 2:47 PM 426435566 UCC Financing Statement

 

UCC Financing Statement

File Date:

10/08/2015 12:53 PM

Lapse Date:

10/08/2020 11:59 PM

Debtors  

AMERICA'S COLLECTIBLES NETWORK, INC.

9600 PARKSIDE DR

KNOXVILLE, TN 37922

 Secured Parties

 JPMORGAN CHASE BANK, N.A.

1111 POLARIS PARKWAY

SUITE A-3

COLUMBUS, OH 43240

Related UCC Documents:

10/08/2015 12:53 PM 423951206 UCC Financing Statement

 

UCC Financing Statement

File Date:

07/29/2015 1:31 PM

Lapse Date:

07/29/2020 11:59 PM

Debtors  

AMERICA'S COLLECTIBLES NETWORK, INC.

9600 PARKSIDE DR

KNOXVILLE, TN 37922-2201

 Secured Parties

 IBM CREDIT LLC

1 NORTH CASTLE DR

ARMONK, NY 10504-1725

Related UCC Documents:

07/29/2015 1:31 PM 423616890 UCC Financing Statement

 

 

SUMMARY

 

 

Founded in 1993, America's Collectibles Network, Inc. is a large-sized organization in the jewelry and precious stone companies industry located in Knoxville, TN.

 

It has 1,100 full time employees and generates an estimated $ 1,9 billion in annual revenue.

 

The company operates in the national area, importing products from Hong Kong.

 

America's Collectibles Network, Inc. operates as a subsidiary of Multimedia Commerce Group, Inc.

 

The organization is ACTIVE without negative records.

 

 

RISK INFORMATION

 

 

DEBTS

Medium

PAYMENTS

Slow but correct

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Donna

POSITION

Operator

COMMENTS

The person contacted confirmed management, address, number of employees and parent group.

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 63.83

UK Pound

1

INR 86.28

Euro

1

INR 76.14

US Dollar

1

INR 63.70

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

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)

 

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

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