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