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MIRA INFORM REPORT
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Report No. : |
511339 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
WALMART INC. |
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Registered Office : |
Corporation Trust Center 1209 Orange St, Wilmington, New Castle, De,
19801 |
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Country : |
United States |
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Financials (as on) : |
31.01.2018 |
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Year of Establishment : |
1962 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject Operates Discount Stores, Supercenters, and Neighborhood
Markets. |
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No. of Employees : |
2,300,000 |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United States |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with
a per capita GDP of $59,500. US firms are at or near the forefront in technological
advances, especially in computers, pharmaceuticals, and medical, aerospace, and
military equipment; however, their advantage has narrowed since the end of
World War II. Based on a comparison of GDP measured at purchasing power parity
conversion rates, the US economy in 2014, having stood as the largest in the
world for more than a century, slipped into second place behind China, which
has more than tripled the US growth rate for each year of the past four
decades.
In the US, private individuals and business firms make most of the
decisions, and the federal and state governments buy needed goods and services
predominantly in the private marketplace. US business firms enjoy greater
flexibility than their counterparts in Western Europe and Japan in decisions to
expand capital plant, to lay off surplus workers, and to develop new products.
At the same time, businesses face higher barriers to enter their rivals' home
markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for
lower-income families, inadequate investment in deteriorating infrastructure,
rapidly rising medical and pension costs of an aging population, energy
shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual
development of a "two-tier" labor market in which those at the bottom
lack the education and the professional/technical skills of those at the top
and, more and more, fail to get comparable pay raises, health insurance
coverage, and other benefits. But the globalization of trade, and especially
the rise of low-wage producers such as China, has put additional downward
pressure on wages and upward pressure on the return to capital. Since 1975,
practically all the gains in household income have gone to the top 20% of
households. Since 1996, dividends and capital gains have grown faster than
wages or any other category of after-tax income.
Imported oil accounts for more than 50% of US consumption and oil has a
major impact on the overall health of the economy. Crude oil prices doubled
between 2001 and 2006, the year home prices peaked; higher gasoline prices ate
into consumers' budgets and many individuals fell behind in their mortgage
payments. Oil prices climbed another 50% between 2006 and 2008, and bank
foreclosures more than doubled in the same period. Besides dampening the
housing market, soaring oil prices caused a drop in the value of the dollar and
a deterioration in the US merchandise trade deficit, which peaked at $840
billion in 2008. Because the US economy is energy-intensive, falling oil prices
since 2013 have alleviated many of the problems the earlier increases had
created.
The sub-prime mortgage crisis, falling home prices, investment bank
failures, tight credit, and the global economic downturn pushed the US into a
recession by mid-2008. GDP contracted until the third quarter of 2009, the
deepest and longest downturn since the Great Depression. To help stabilize
financial markets, the US Congress established a $700 billion Troubled Asset
Relief Program (TARP) in October 2008. The government used some of these funds
to purchase equity in US banks and industrial corporations, much of which had
been returned to the government by early 2011. In January 2009, Congress passed
and former President Barack OBAMA signed a bill providing an additional $787
billion fiscal stimulus to be used over 10 years - two-thirds on additional
spending and one-third on tax cuts - to create jobs and to help the economy recover.
In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012,
the Federal Government reduced the growth of spending and the deficit shrank to
7.6% of GDP. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources
from civilian to military purposes and contributed to the growth of the budget
deficit and public debt. Through FY 2018, the direct costs of the wars will
have totaled more than $1.9 trillion, according to US Government figures.
In March 2010, former President OBAMA signed into law the Patient
Protection and Affordable Care Act (ACA), a health insurance reform that was
designed to extend coverage to an additional 32 million Americans by 2016,
through private health insurance for the general population and Medicaid for
the impoverished. Total spending on healthcare - public plus private - rose
from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the former president signed the DODD-FRANK Wall Street
Reform and Consumer Protection Act, a law designed to promote financial
stability by protecting consumers from financial abuses, ending taxpayer
bailouts of financial firms, dealing with troubled banks that are "too big
to fail," and improving accountability and transparency in the financial
system - in particular, by requiring certain financial derivatives to be traded
in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to
purchase $85 billion per month of mortgage-backed and Treasury securities in an
effort to hold down long-term interest rates, and to keep short-term rates near
zero until unemployment dropped below 6.5% or inflation rose above 2.5%. The
Fed ended its purchases during the summer of 2014, after the unemployment rate
dropped to 6.2%, inflation stood at 1.7%, and public debt fell below 74% of
GDP. In December 2015, the Fed raised its target for the benchmark federal
funds rate by 0.25%, the first increase since the recession began. With
continued low growth, the Fed opted to raise rates several times since then,
and in December 2017, the target rate stood at 1.5%.
In December 2017, Congress passed and President Donald TRUMP signed the
Tax Cuts and Jobs Act, which, among its various provisions, reduces the
corporate tax rate from 35% to 21%; lowers the individual tax rate for those
with the highest incomes from 39.6% to 37%, and by lesser percentages for those
at lower income levels; changes many deductions and credits used to calculate
taxable income; and eliminates in 2019 the penalty imposed on taxpayers who do
not obtain the minimum amount of health insurance required under the ACA. The
new taxes took effect on 1 January 2018; the tax cut for corporations are
permanent, but those for individuals are scheduled to expire after 2025. The
Joint Committee on Taxation (JCT) under the Congressional Budget Office
estimates that the new law will reduce tax revenues and increase the federal
deficit by about $1.45 trillion over the 2018-2027 period. This amount would
decline if economic growth were to exceed the JCT’s estimate.
|
Source
: CIA |
STATUTORY
INFORMATION
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Order: |
WAL MART STORES INC. (The name given in the order is
the company`s old legal name). |
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Legal Name: |
WALMART INC. |
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TradeName: |
WALMART INC. |
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ID: |
732109 |
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Date Created: |
1962 |
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Date Incorporated: |
10/31/1969 |
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Legal Address: |
Corporation Trust
Center 1209 Orange St, Wilmington, New Castle, De, 19801, USA |
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Operative Address: |
702 Southwest 8th Street
Bentonville, AR 72716-0215 United States |
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Telephone: |
1-479-273-4000 |
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Fax: |
- |
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Legal Form: |
Corporation |
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Email: |
gsnwpodt@wal-mart.com |
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Registered in: |
DELAWARE |
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Website: |
www.walmart.com |
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Contact: |
Mr. C. Douglas McMillon - CEO, President & Director |
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Staff: |
2,300,000 |
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Activity: |
SIC Code 5311, Department Stores |
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History
The company was founded in 1962
by Sam Walton. |
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Key Develeopments: |
Walmart Falls After $16 Billion Flipkart Deal May 9, 2018 Walmart Inc.’s deal to buy a
controlling stake in India’s biggest online seller is meeting skepticism on
Wall Street. The world’s largest retailer
will acquire a 77 percent holding in Flipkart Group for $16 billion, the
companies said earlier Wednesday. Flipkart co-founder Binny Bansal and other
shareholders will hold the remainder. The tie-up values the Indian e-commerce
giant at about $20.8 billion and marks a blow against rival Amazon.com Inc.
as the battle for e-commerce supremacy goes global. Walmart Is Bringing New Global Wire Service With Moneygram Called
Walmart2world Tuesday, 3 Apr 2018 12:01am EDT
April 3 (Reuters) - Walmart Inc
::SAYS IT IS BRINGING NEW GLOBAL WIRE SERVICE WITH MONEYGRAM INTERNATIONAL
CALLED WALMART2WORLD.SAYS WALMART2WORLD IS SCHEDULED TO LAUNCH IN ALL OF CO'S
4,700 U.S. STORES IN APRIL.SAYS WALMART2WORLD TO DELIVER FUNDS IN 10 MINUTES
OR LESS AND WHEREVER MONEY IS SENT, FEES FOR WALMART2WORLD TO BE SAME. Pillpack Is In Talks To Be Acquired By Walmart For Under $1 Bln - CNBC
Monday, 2 Apr 2018 05:37pm EDT April 3 (Reuters) - :ONLINE
PHARMACY START-UP PILLPACK IS IN TALKS TO BE ACQUIRED BY WALMART FOR UNDER $1
BILLION - CNBC, CITING SOURCES CITING SOURCES . FedEx Says Will Add 500 New Locations In Walmart Stores Nationwide Tuesday, 20 Mar 2018 08:00am
EDT March 20 (Reuters) - FedEx Corp
::FEDEX OFFICE EXPANDS, WILL ADD 500 NEW LOCATIONS IN WALMART STORES
NATIONWIDE.FEDEX OFFICE - EXPANDS, WILL ADD 500 NEW LOCATIONS IN
WALMART STORES NATIONWIDE.FEDEX - AGREEMENT TO PLACE 500 NEW
FEDEX OFFICE LOCATIONS WITHIN SELECT DOMESTIC WALMART STORES NATIONWIDE IN
NEXT 24 MONTHS. |
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PRINCIPAL
ACTIVITY
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Walmart Inc. operates discount stores, supercenters, and neighborhood
markets. |
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Products/Services description: |
The Company offers merchandise
such as apparel, house wares, small appliances, electronics, musical
instruments, books, home improvement, shoes, jewelry, toddler, games,
household essentials, pets, pharmaceutical products, party supplies, and
automotive tools. |
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Brands: |
WALMART |
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Sales are: |
Wholesale |
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Clients: |
Comercializadora Mexico Americana, S. De R.L.
De C.V. |
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Suppliers: |
Industria Colombiana De Cafe S.A.S. Welspun Global Brands Ltd. ISA Value Co Ltd Bananera Nacional S.A. |
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Operations area: |
National And International |
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The company imports from |
COLOMBIA INDIA THAILAND GUATEMALA |
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The company exports to |
MEXICO |
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The subject employs |
2,300,000 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
702 Southwest 8th Street
Bentonville, AR 72716-0215 United States |
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Branches: |
The company has several branches.
Some of them are: 701 W CENTRAL AVE LOMPOC, CA, 93436-2829 United States Walmart Inc. 2645 BLAIRS FERRY RD NE CEDAR RAPIDS, IA,
52402-1802 United States Walmart Inc. 3791 NW 167TH ST MIAMI GARDENS, FL,
33055-4510 United States Walmart Inc. 2001 N CENTRAL AVE MARSHFIELD, WI, 54449-8337 United States |
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Subsidiaries: |
We attach the company`s list of
subsidiaries. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
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Market Capital: |
246.178B |
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Outstanding Shares: |
2,950,696,818 |
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Shareholders: |
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Management: |
Mr. C. Douglas McMillon - CEO, President & Director Mr. Brett M. Biggs - Chief Financial Officer and Exec. VP Mr. Gregory S. Foran – Executive Vice President, Chief Executive
Officer of Walmart US and President of Walmart US Mr. Marc E. Lore – Executive Vice President, Chief Executive Officer
of eCommerce US and President of Walmart eCommerce US Mr. David M. Chojnowski - Principal Accounting Officer, Sr. VP and
Controller |
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FINANCIAL
INFORMATION
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We attach company’s last financial statements. |
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LEGAL
FILINGS
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PATENTS |
Method and apparatus for automated
shopper checkout using radio frequency identification technology Patent number: 8781908 Abstract: A method and
apparatus involve: providing a plurality of products that are each associated
with a respective radio frequency identification tag; using radio frequency
identification technology to automatically identify specific products in a
group of products collected by a shopper; and evaluating whether or not to
obtain payment from the shopper based on the radio frequency identification
of products in the group. Based on the result of the evaluation, either
payment is obtained from the shopper on the basis of the radio frequency
identification of products in the group, or else the products in the group
are audited, and then payment is obtained on the basis of the products
identified by the audit. Type: Grant Filed: November 7, 2008 Date of Patent: July 15, 2014 Assignee: Walmart Stores, Inc. Inventors: Justin C. Lewis,
Richard B. Ulrich, Nicholaus A. Jones, Matthew M. Lowrie Method and system for detection
of presence in predefined location and delivery thereto Patent number: 9788157 Abstract: Methods and systems
of detection of presence in and delivery to location are provided. A method
detects a presence of a mobile device within a perimeter of a geographic
region. The method searches a database to determine whether the first mobile
device is associated with any existing account. Responsive to determining
that the mobile device is associated with a first account, the method
searches the database to determine whether there is any pending task
associated with the first account. Responsive to determining that there is a
pending task associated with the first account, the method transmits a first
message indicating the detection of presence of the mobile device associated
with the first account. The method determines that the mobile device is at
least approximately at a first location of a plurality of predefined
locations within the perimeter. The method transmits information associated
with the first location to the computing device. Type: Grant Filed: August 15, 2016 Date of Patent: October 10,
2017 Assignee: Walmart Stores, Inc. Inventors: Jason D. Shaffer,
Rachael Ulman, David Jon Carr, Richard Ramsden, Timothy James Burleson, Mark
J. Valentine, Corey L. Peach, Kuleni Gebisa |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
Robert West v. Walmart Inc. et
al Plaintiff: Robert West Defendant: Does and Walmart
Inc. Case Number: 5:2018cv00959 Filed: May 4, 2018 Court: California Central
District Court Presiding Judge: Andrew J.
Guilford Referring Judge: Sheri Pym Nature of Suit: Other ApolloMD Business Services, LLC
v. Attain Med, Inc. et al Plaintiff: ApolloMD Business
Services, LLC Defendant: Attain Med, Inc.,
Bloodworth Wholesale Drugs, Inc., McKesson Corporation, Cardinal Health Inc.,
AmerisourceBergen Corporation, CVS Health Corporation, Walgreens Boots
Alliance Inc., Purdue Pharma L.P., Purdue Pharma Inc., The Purdue Frederick
Company Inc., Teva Pharmaceutical Industries Ltd., TEVA Pharmaceuticals USA
Inc, Cephalon Inc., Johnson & Johnson, Janssen Pharmaceuticals, Inc.,
Ortho-Mcneil-Janssen Pharmaceuticals Inc., Janssen Pharmaceutica Inc., Endo
Health Solutions Inc., Endo Pharmaceuticals Inc., Allergan PLC, Watson
Pharmaceuticals, Inc., Watson Laboratories Inc., Actavis LLC, Actavis Pharma,
Inc., Mallinckrodt PLC, John Does 1-100 and Walmart Inc. Case Number: 1:2018op45548 Filed: May 9, 2018 Court: Ohio Northern District
Court Office: Cleveland Office County: Out Of State Presiding Judge: Dan Aaron
Polster (MDL 2804) Nature of Suit: Other Personal
Injury Cause of Action: 28:1441 Jury Demanded By: Plaintiff County of Tuolumne v.
Amerisource Bergen Drug Corporation et al Plaintiff: County of Tuolumne Defendant: Amerisource Bergen
Drug Corporation, Cardinal Health, Inc., McKesson Corporation, Purdue Pharma,
L.P., Purdue Pharma, Inc., Purdue Frederick Company, Inc., Teva
Pharmaceutical Industries, Ltd., TEVA Pharmaceuticals USA, Inc., Cephalon,
Inc., Johnson & Johnson, Janssen Pharmaceuticals, Inc.,
Ortho-McNeil-Janssen Pharmaceuticals, Inc., Janssen Pharmaceutica Inc.,
Noramco, Inc., Endo Health Solutions, Inc., Endo Pharmaceuticals, Inc., Allergan
PLC, Watson Pharmaceuticals, Inc., Watson Laboratories, Inc., Actavis LLC,
Actavis Pharma, Inc., Mallinckrodt PLC, Mallinckrodt LLC, Insys Therapeutics,
Inc., CVS Health Corp., Kroger Company, Rite Aid of Maryland, Inc., Thrifty
Payless, Inc., Walgreens Boots Alliance, Inc. and Walmart, Inc. Case Number: 1:2018at00337 Filed: May 8, 2018 Court: California Eastern
District Court Office: Fresno Office County: Tuolumne Nature of Suit: Racketeer
Influenced and Corrupt Organizations Cause of Action: 18:1961 Jury Demanded By: Plaintiff |
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TRADEMARKS |
DART SOFT DRINKS Owned by: WALMART STORES, INC. Serial Number: 72329542 WHITE CLOUD STEPUPS Disposable training pants Owned by: WALMART STORES, INC. Serial Number: 76548716 |
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SUMMARY
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Walmart Inc.
operates discount stores, supercenters, and neighborhood markets. The Company
offers merchandise such as apparel, house wares, small appliances,
electronics, musical instruments, books, home improvement, shoes, jewelry,
toddler, games, household essentials, pets, pharmaceutical products, party
supplies, and automotive tools. The company
shows positive profitability in its last financial figures. |
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RISK
INFORMATION
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DEBTS |
-- |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called
number 1-479-273-4000 several times and received no answer. |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.39 |
|
|
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
|
USD |
1 |
INR 68.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
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Report Prepared
by : |
NIT |
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 |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.