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MIRA INFORM REPORT
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Report No. : |
497655 |
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Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
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Name : |
COLORADO CUSTOM SERVICES, INC. |
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Registered Office : |
Po Box 321 Parshall, CO 80468 |
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Country : |
United States |
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Financials (as on) : |
2016 (Summarised) |
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Date of Incorporation : |
01.06.2009 |
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Legal Form : |
Corporation |
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Line of Business : |
Offers of Construction company. |
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No. of Employees : |
12 |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (30.09.2017) |
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 $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 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%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
COLORADO CUSTOM SERVICES, INC. |
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Trade Name: |
COLORADO CUSTOM SERVICES, INC. |
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ID: |
20091299601 |
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Date Created: |
2009 |
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Date Incorporated: |
June 1, 2009 |
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Legal Address: |
Po Box 321 Parshall, CO 80468, USA |
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Operative Address: |
209 County Road 21, Parshall, CO 80468, United States |
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Telephone: |
(970) 531-6833 |
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Fax: |
- |
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Legal Form: |
CORPORATION |
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Email: |
- |
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Registered in: |
COLORADO |
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Website: |
The company does not have a website. |
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Contact: |
Tracy Frazier |
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Staff: |
12 |
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Activity: |
NAICS 1: Highway, Street, and Bridge Construction SIC 1: General Contractor, Highway And Street
Construction |
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Banks: |
BANK OF AMERICA TIMEPAYMENT Sterling Commercial Credit, LLC JOHN DEERE CONSTRUCTION & FORESTRY COMPANY Star Capital Group, L.P. Keystone Equipment Finance Corp. DEERE & COMPANY GreatAmerica Financial Services Corporation Ditch Witch Financial Services, a program of Bank of
the West |
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History: |
The company was founded in 2009. |
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PRINCIPAL
ACTIVITY
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Colorado Custom Services, Inc. is a construction
company. |
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Products/Services description: |
The company offers construction services. |
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Brands: |
Colorado Custom Services |
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Sales are: |
Retail |
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Clients: |
Private Customers |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject employs |
12 EMPLOYEES |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
209 County Road 21, Parshall, CO 80468, United
States |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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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: |
The company does not disclose information on
shareholders. The following information has been provided by private sources.
We were not able to confirm major holders. |
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Management: |
Tracy Frazier |
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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Sales |
1.500.000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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CASES |
No records found. |
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TRADEMARKS |
No records found. |
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RENEWAL HISTORY |
1 Articles
of Incorporation 06/01/2009 06/01/2009 06/01/2009 10:30 AM 20091299601
2 Report
05/10/2010 05/10/2010 05/10/2010
09:32 PM 20101270486 3 postcard
notification printed 05/23/2011 to
be mailed 06/01/2011 05/23/2011 05/23/2011 05/23/2011 03:33 AM periodic
report due: 08/31/2011 4 Report
07/18/2011 07/18/2011 07/18/2011
12:15 PM 20111406007 5 Periodic
Report due 05/23/2012 05/23/2012 05/23/2012 02:50 AM Periodic
Report due by: 08/31/2012 6 Periodic
Report due in one week 08/29/2012
08/29/2012 08/29/2012 03:12 PM One week reminder before
noncompliant. 7 Report
08/31/2012 08/31/2012 08/31/2012
04:38 PM 20121484522 Change of Entity Address 8 Periodic
Report due 05/23/2013 05/23/2013 05/23/2013 02:59 AM Periodic
report due by: 08/31/2013 9 Periodic
Report due in one week 08/24/2013
08/24/2013 08/24/2013 02:01 AM Periodic report due by: 08/31/2013 10 Change
in Status: Noncompliant for failure to
file Periodic Report 09/01/2013 09/01/2013 09/01/2013 01:37 AM Entity
noncompliant and will become delinquent on: 10/31/2013 11 Report
09/01/2013 09/01/2013 09/01/2013
04:34 PM 20131509976 12 Periodic
Report due 05/23/2014 05/23/2014 05/23/2014 03:40 AM Periodic
report due by: 08/31/2014 13 Report
05/23/2014 05/23/2014 05/23/2014
01:14 PM 20141320026 14 Periodic
Report due 05/23/2015 05/23/2015 05/23/2015 02:46 AM Periodic
report due by: 08/31/2015 15 Periodic
Report due in one week 08/24/2015
08/24/2015 08/24/2015 01:57 AM Periodic report due by: 08/31/2015 16 Report
08/24/2015 08/24/2015 08/24/2015
03:30 PM 20151546520 17 Periodic
Report due 05/23/2016 05/23/2016 05/23/2016 02:30 AM Periodic
report due by: 08/31/2016 18 Report
08/01/2016 08/01/2016 08/01/2016
01:53 PM 20161524664 19 Periodic
Report due 05/23/2017 05/23/2017 05/23/2017 02:22 AM Periodic
report due by: 08/31/2017 20 Periodic
Report due in one week 08/24/2017
08/24/2017 08/24/2017 01:50 AM Periodic report due by: 08/31/2017 |
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UCC |
Document # Date Debtor Secured
Party Type Record # Lapse Date 1 20162048004 05/26/2016 COLORADO CUSTOM SERVICES INC
TIMEPAYMENT UCC financing statement 20162048004 05/26/2021 2 20132095379 10/31/2013 Colorado Custom Services, Inc.
Sterling Commercial Credit, LLC UCC
financing statement 20132095379 10/31/2018 3 20142018172 02/26/2014 COLORADO CUSTOM SERVICES, INC. JOHN DEERE CONSTRUCTION &
FORESTRY COMPANY UCC financing statement 20142018172 02/26/2019 4 20142060146 06/24/2014 Colorado Custom Services, Inc. Star
Capital Group, L.P. UCC financing
statement 20142060146 06/24/2019 5 20142081845 08/29/2014 Colorado Custom Services, Inc.
Keystone Equipment Finance Corp. UCC
financing statement 20142081845 08/29/2019 6 20152004594 01/15/2015 COLORADO CUSTOM SERVICES, INC. DEERE & COMPANY UCC financing statement 20152004594 01/15/2020 7 20152107381 11/24/2015 COLORADO CUSTOM SERVICES, INC. TRACY KAYE FRAZIER UCC financing statement 20152107381 11/24/2020 8 20162017449 02/25/2016 Colorado Custom Services, Inc.
GreatAmerica Financial Services Corporation UCC
financing statement 20162017449 02/25/2021 9 20162028558 03/31/2016 COLORADO CUSTOM SERVICES, INC. DEERE & COMPANY UCC financing statement 20162028558 03/31/2021 10 20162042122 05/09/2016 COLORADO CUSTOM SERVICES, INC. Ditch Witch Financial Services, a
program of Bank of the West UCC
financing statement 20162042122 05/09/2021 |
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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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Colorado Custom Services, Inc. is a small
organization in the highway and street construction company’s industry located
in Parshall, CO. It opened its doors in 2009 and now has an estimated
$1.5 million in yearly revenue and approximately 12 employees. The company operates nationally. It is ACTIVE in
business with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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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 |
- |
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COMMENTS |
We called number (970) 531-6833 several times and
received no answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.87 |
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1 |
INR 90.48 |
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Euro |
1 |
INR 79.48 |
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USD |
1 |
INR 65.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
DNS |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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.